Friday, November 17, 2006

Real Estate Mortgage Fraud - Bonnie & Clyde Behind Bars

The "Bonie & Clyde" of Real Estate Fraud
Caught andBehind Bars
by John Occhi

I was reading through my morning industry newsletters when I got a special alert on a story that I have been following. On the surface, it might be a strange story for a Hemet real estate agent to follow, but what can I say…I have the same law and order fascination that the rest of the country has. After all, why else would there be 3 different CSI programs and 3 different Law & Order shows eating up our television airwaves night after night.

This story is about a modern day ‘Bonnie & Clyde’, as they have been called by both the media and law enforcement. Call it coincidence if you want, but I find the humor in the fact that the day ‘Bonnie’ is sentenced to a mere 6 years for her part in the multi million dollar scam, Clyde gets picked up in Nashville, TN. While Bonnie got off with a light sentence for her cooperation Clyde is on the hot seat facing charges that carry a potential 400 year sentence for his mastermind work in the real estate fraud crime ring.

If you want to learn more about the activities of this particular criminal, then you might want to check out the archives at RealEstateFrauBlog.Com.

If you would like to educate yourself and learn about three types of mortgage fraud, please read this article, published at the Money website.

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