How a Fraud Ring Created 7,000 New Synthetic Identities
Yesterday, a fugitive Habib Chaudhry was arrested after running from the law for four years. He was one of 18 criminals that were charged by the US Justice Department for running the most sophisticated Synthetic Identity crime rings in history. Their crimes were so complex and extraordinary; you can barely believe that they managed […]
First American Fraud Index Shows Mortgage Fraud Up 10%
First American released their latest Application Defect Index and their conclusion is that Mortgage Fraud Risk has increased 10% in the last year. These results are remarkably consistent with CoreLogic’s Fraud Analysis which suggested that mortgage fraud had increased by 15% – I wrote about that here – CoreLogic Fraud Index. CoreLogic believes that the […]