How come that very few people who committed fraud during the real estate boom never got prosecuted?
Posted on January 8th, 2010 in Law & Ethics | 3 Comments »
D GeN-X asked:
Massive fraud were committed in the real estate industry during the boom, but very few went to jail. There were a lot of stories how real estate agents, brokers, lenders falsifies documents to get loans, etc. Overall, very few people got prosecuted and went to jail.
keyless remote
Massive fraud were committed in the real estate industry during the boom, but very few went to jail. There were a lot of stories how real estate agents, brokers, lenders falsifies documents to get loans, etc. Overall, very few people got prosecuted and went to jail.
keyless remote
3 Responses
Greenwich Real Estate
yes but if they were regulated like they should have been they would have lost their license and ultimately been out of the real estate field
Mesa AZ homes
We are just at the very tip of the iceberg when it comes to prosecutions. It takes years before people are brought to justice on financial crimes.
Homes in Torrance
like for example?? what are you talking about? do you know any particular case?