Jeremiah Yancy appears to have used his ministerial trusting relationships for personal gain. He has lived in the Boise, Idaho area, Tucson, Arizona and Colorado Springs, Colorado. He has been called a con-man who has convinced trusting church families and friends with high FICO scores to invest in his Ponzi-type scams. It has been reported that he convinced them to take out large lines of credit or invest their own personal savings to "invest" in different investment opportunities.
To Read the whole story: http://tinyurl.com/yepx99r
We must be vigilant against fraud, recognizing its signs and taking proactive, definite, and realistic steps to not only prevent it but also punish it.
It starts with me.
It starts with you.
It starts with us...
You are all encouraged to report any suspected mortgage fraud activity to authorities.
Michael S. Richardson
Director/Mortgage Fraud Services
Author of "An American Epidemic, Mortgage Fraud a Serious Business"
www.mortgagefraudsolutions.com
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