So, You're Being Investigated For Mortgage Fraud?

Contrary To What The Prosecutor May Allege, You Committed Mortgage Fraud, Doesn't Mean You're Guilty.

Clients accused of mortgage fraud tell MFI-Miami they didn't know they were committing a crime.

In most cases, mortgage fraud suspects are usually right. The fraud is in the imagination of the prosecutor or U.S. Attorney with political ambitions. Most prosecutors have Kardashian Syndrome. In most cases, prosecutors tend to target amateur real estate investors and homeowners they know can't afford high-end lawyers. Prosecutors figure they can get a quick conviction and fine from the individual. They can also get their name on the news.

Federal and state prosecutors tend to prefer going after these types of individuals because it's a numbers game. Prosecutors can extract fines from 10 homeowners or amateur investors faster and more cheaply than one deep pocketed bank executive. 

Prosecutors often have to decide is it wiser to spend tens of millions of dollars attempting to conviction billionaire bankers with deep pockets and run the risk of being publicly humiliated or do they spend $25,000 to $50,000 pursuing the one homeowner with no money who overstated his income on his mortgage or a short sale application and squeeze a $100,000 fine out of him? I call this the OJ Simpson Litmus Test.

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