scams: Five More Arrests in Honolulu
- 04/24/09 07:31 AM
When the FBI said in mid 2008, that they would be making more arrests for cases they had been investigating since 2004, they weren't kidding! Originally when I first blogged about this in June, 2008, the FBI announced that they had arrested five people who all worked together perpetrating a scam that I detailed in that post. Then, just three days ago, I reported on the latest FBI bust, involving a couple who owned a mortgage financing company here in Honolulu.
Now today, the FBI has announced that yesterday they have arrested five more people associated with four lending … (13 comments)
scams: Mortgage Scam Bust
- 04/21/09 04:17 AM
Finally, the long, slow arm of the law has thrown one of the local mortgage fraud scammers into the slammer. This case began in 2005, and the perpetrators won't be sentenced until September 17, 2009. Still, they have been convicted, and the day of reckoning has come! Back in mid 2008, I posted a blog about a Mortgage Fraud Bust in Honolulu, which involved five people, including loan officers and middlemen, basically run with the "We Buy Houses" signs, used as bait to find distressed homeowners. Back then, the FBI had said that they were investigating several more cases that were run … (2 comments)
scams: A Close Call!
- 04/15/09 03:55 PM
Yesterday's business section of the newspaper had a headline that broke a story about a fraudulent investment scam allegedly perpetrated on the Big Island, in Hilo. Basically, it was another Ponzi scheme, dealing with fraudulent securities trading. The perpetrators, two gentlemen, were living large, driving leased Jaguars and BMW's. One of them, who I will just call 'James', even rented a $25,000 a month Big Island beachfront home, presenting it as his own, and using it to hold presentations to would be investors. What I want to mention, is that I was reading this article with great interest, because in the recesses of … (6 comments)
scams: Mortgage Fraud Bust in Honolulu
- 05/30/08 05:07 AM
I opened this morning's paper and read the headlines: "Struggling owners lost homes to scams". The thing that surprised me, as I read the article, is that it took so long for the criminals to get busted. As a realtor, I often tell anyone who will listen that they need to be on the lookout for scams and swindlers and other pitfalls that a realtor will help them avoid. Over a year ago, I followed the story about a distraught homeowner that had lost his home in a scam, and was suing the perpetrators of the swindle. The crooks were being represented … (10 comments)
When the FBI said in mid 2008, that they would be making more arrests for cases they had been investigating since 2004, they weren't kidding! Originally when I first blogged about this in June, 2008, the FBI announced that they had arrested five people who all worked together perpetrating a scam that I detailed in that post. Then, just three days ago, I reported on the latest FBI bust, involving a couple who owned a mortgage financing company here in Honolulu.;)
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