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Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal activity crosses ...
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
Legal opinions have varied as to whether the Wire Act applies only to sports betting, or applies to all forms of gambling, such as lotteries and casino games. In a 2002 letter to Nevada state officials, the U.S. Department of Justice (DOJ) stated its opinion that the Wire Act "prohibits gambling over the Internet, including casino-style gambling."
Tom Cronkright, co-founder and executive chairman of real estate fraud protection company CertifID, said that while wire fraud is an overall pervasive issue across the country, it is particularly ...
The fraud involves operatives calling homeowners, who oftentimes had previously sought relief from their mortgage lender and thus were expected to be contacted, according to the FCC.
Fraud, or at least charges of fraud, just keep on coming in the mortgage and real estate world, leaving homebuyers wondering where the oversight is. The criminal courts are getting busier, hearing ...
[60] The salary and benefits of an elected public employee are not "property" for the purposes of the mail and wire fraud statutes, [61] but the salary and benefits of an unelected public employee are. [62] One intangible form of property recognized under the mail and wire fraud statutes is the right to control the disposition of government ...
FBI’s 2023 Internet Crime Complaint Center (IC3) report revealed there were 9,521 real estate-based fraud complaints in 2023, which resulted in over $145 million in losses. Well, title fraud is ...