A Special Agent employed by the Federal Bureau of Investigation in Nashville, Tennessee, was indicted by a grand jury sitting in Nashville, Tennessee.
The 19 count indictment charges McAllister in connection with the purchase of rental properties totaling $1.25 million. In addition, the indictment charges the defendant with devising a scheme to defraud the SunTrust Bank in connection with a $100,000 line of credit and making three false statements in connection with his subsequent bankruptcy petition in July 2009.
Read the whole story @ http://tinyurl.com/29lnlsx
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.
If you believe that you are the victim of any criminal activity, such as a mortgage fraud or forged documents being presented for your signature, you should contact your local law enforcement agency.
We all need the fraudsters to FEAR retribution from the ethical honest "Real Estate Industry Professionals and Homeowners".
We can prevent mortgage and real estate fraud one transaction at a time!
Michael S. Richardson
Director/Chief Quality Officer
Author of "An American Epidemic, Mortgage Fraud a Serious Business"
Follow me on Twitter @ FocusonFraud