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NSAs Can Help Prevent Fraud Funding Terrorism

By
Services for Real Estate Pros with N/A
April 7, 2009
 

Terrorists have found a new, highly profitable way to fund their nefarious activities — mortgage fraud — placing Notary Signing Agents (NSAs) in the middle of these scams that could lead to significant national security threats.

While the connection between terrorism and mortgage fraud is still emerging, several high-profile cases illustrate the threat. One notable case involves Ahmad Jebril and his father Musa Jebril, both of Dearborn, Michigan, who were convicted in federal court of using fake identities to defraud six banks and up to 50 people of $400,000. According to federal authorities, the Jebrils were active supporters of Hamas.

According to an expert from mortgage prevention firm Interthinx, Hezbollah, Islamic Jihad and the Taliban have set up fraud rings in the United States. While the stakes are high, the best tactic for NSAs is sticking to best practices, including taking fingerprints for every transaction even if state law does not require it. NSAs also can quiz signers about details on their IDs as a means of double-checking that they are legitimate. Of course, any NSA who suspects that fraud is being committed should contact local law enforcement.

 

Information obtained from the NNA website, Notary Signing Agent section.

Ardel Richter
Arkansas Notary on Wheels - Mountain Home, AR

Having a fingerprint in a journal prevents this...how???

May 02, 2009 03:58 PM
N/A N/A
N/A - Ontario, CA

Now a days almost every money transaction needs to have some kind of notarization.  To give you an idea of the different types of transaction I have come across are:

Loans from retirement plans

Roll over of retirement plans

Loan modifications

Distribution of a retirement plan

And some other ones, they all have to be logged in my jurnal sign and leave a thump print.  That is called traceability.  And that is what it is all about.  The money can be traced with ID number signature and best of all a fingerprint.

May 03, 2009 01:03 PM
Ardel Richter
Arkansas Notary on Wheels - Mountain Home, AR

Once again, having a fingerprint in a journal prevents this...how?  They have faked their identities, you have a thumbprint in your journal.... of who?  Someone who is not whatever name was on the fake ID.  And this can be traced...how? 

May 03, 2009 01:19 PM
Joan Bergstrom
Joan Bergstrom Mobile Notary - Riverside, CA
Mobile Notary, Riverside CA

California notaries are required to have a fingerprint in our journals for certain notarized documents ( the real estate documents & POA.)

 If we don't get a thumbprint for the required documents it is a $2,500 fine and possible suspension or revocation of our notary commission.

The vast majority of CA notaries fingerprint every person they notarize. There isn't in my opinion a better way to prove that you have a "human being" in front of you than having a thumbprint of the person.

The person's thumbprint might be on record in the countless agencies we have in the U.S.

May 05, 2009 04:56 PM