Real Estate Motivational Speaker Convicted- Mortgage Fraud Scheme

Mortgage and Lending with First Colorado Lending

A motivational speaker, who had authored a real estate book and had an infomercial on making money in real estate that ran on late night television, largely orchestrated the scheme.

Read the whole story @

The bad guys and gals use the latest technology to commit fraud; fraudsters are always on the cutting edge of criminal vocabulary to get innocent pawns to help them commit their crimes.

Like fashion or pop music, what fraudsters say to dupe us will go in and out of vogue from year to year. Industry terms will change and so, too, will their tactics and terms to keep up with the times.

When we believe in the existence of fraud could affect us individually, more will then start taking active steps, every day, to combat against it. It may be an everyday battle, but the longer we fight the stronger we get, and once something becomes a habit the less difficult it is to achieve; and the harder it is to forget.

It is important to note that institutions don't commit fraud, companies don't commit fraud - people commit fraud.

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...


Michael S. Richardson
Director/Mortgage Fraud Services
Author of "An American Epidemic, Mortgage Fraud a Serious Business"
Follow me on Twitter "FocusonFraud"


Comments (1)

Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Michael, Thanks for the post. It does my heart good when the bad guys get caught and pay for their crimes. From reading the linked article, this wasn't some innocuous mistake.  This was a ridiculous scheme that was bound to fail eventually and hurt people in the process. 

Apr 12, 2010 07:32 PM