Accused Loan Fraud Ringleader has History of Scams
The people accused in a broad business loan scams include an ex-convict who once scammed credit card companies by writing checks in the Flemish and a former stockbroker accused of stealing dozens of customers. The U.S. Attorney’s Office this week 15 people from Palm Beach and Broward counties charged in a scheme to fake loan applications used to rip off banks for at least $ 10 million.
The company claimed a loan broker, but specializes in the landing fake loans. Santa was brought in 1997 by organizing a credit counseling scam in New York. Santa instructed customers run credit cards to the maximum then advised them to circumvent regulations, the New York Daily News reported.
by the way one tips is writing a check from a Belgian bank account $ 50,000 in numbers, but only $ 50 in words to read – Flemish words. The credit card company would credit the full $ 50,000, the card holder to keep spending until the discrepancy was discovered. Santa, who also was accused of making unauthorized charges on customers’ cards, four years in a New York prison. Now he faces a new set of allegations that up-front fees he collected from borrowers who wanted fake commercial bank lending country.