First Foundation Inc.’s Post

 Real Estate Fraud Case Uncovered A major real estate fraud case has been unveiled, involving Aron Puretz and his co-conspirators defrauding lenders of over $54.7 million. Using falsified documents and inflated prices, Puretz orchestrated this scheme between 2016 and 2022, affecting properties in Michigan, Illinois, and Arkansas. Key points of deception included using fake purchase contracts and concealing ownership details. This case highlights the importance of rigorous scrutiny in lending practices to prevent such fraudulent activities. Puretz's sentencing is set for October 30th, potentially facing five years in prison. #RealEstateFraud #FinancialCrime #InvestmentScam #LegalUpdate #RealEstateMarket

Real estate transactions are inherently risky. To prevent your business from buying property mired in fraud, learn to spot common real estate fraud schemes and their red flags. Read the full article: https://lnkd.in/gszNhs_M

Have you protected yourself from property title fraud? Property title fraud is when a criminal poses as the owner of a property and transfers, sells or mortgages the property without the owner’s consent. You are at higher risk of this type of fraud if: ✔ your identity has been stolen ✔ you rent out your property ✔ your property is vacant ✔ you live overseas ✔ your property is not mortgaged ✔ your property is not registered with HM Land Registry We set out some simple steps you can take to protect yourself from Property Title Fraud - https://buff.ly/3SvM9D5 #propertytitlefraud #buyingproperty #buyingahome #propertyinvestment

Have you protected yourself from property title fraud? Property title fraud is when a criminal poses as the owner of a property and transfers, sells or mortgages the property without the owner’s consent. You are at higher risk of this type of fraud if: ✔ your identity has been stolen ✔ you rent out your property ✔ your property is vacant ✔ you live overseas ✔ your property is not mortgaged ✔ your property is not registered with HM Land Registry We set out some simple steps you can take to protect yourself from Property Title Fraud - https://buff.ly/3SvM9D5 #propertytitlefraud #buyingproperty #buyingahome #propertyinvestment

Real estate transactions continue to be a prime target for fraudsters searching for financial gain. One scheme that has gained a recent uptick is seller impersonation fraud – a type of fraud in which bad actors impersonate property owners to try to sell real estate they don’t own. Knowing how the tactic works and the red flags to look out for can help prevent you from becoming a victim. #realestatefraud #realestate #fraud #homeownership

Real estate transactions are inherently risky. To prevent your business from buying property mired in fraud, learn to spot common real estate fraud schemes and their red flags. https://hubs.li/Q02F0KtY0

Have you protected yourself from property title fraud? Property title fraud is when a criminal poses as the owner of a property and transfers, sells or mortgages the property without the owner’s consent. You are at higher risk of this type of fraud if: ✔ your identity has been stolen ✔ you rent out your property ✔ your property is vacant ✔ you live overseas ✔ your property is not mortgaged ✔ your property is not registered with HM Land Registry We set out some simple steps you can take to protect yourself from Property Title Fraud - https://buff.ly/3SvM9D5 #propertytitlefraud #buyingproperty #buyingahome #propertyinvestment

Have you protected yourself from property title fraud? Property title fraud is when a criminal poses as the owner of a property and transfers, sells or mortgages the property without the owner’s consent. You are at higher risk of this type of fraud if: ✔ your identity has been stolen ✔ you rent out your property ✔ your property is vacant ✔ you live overseas ✔ your property is not mortgaged ✔ your property is not registered with HM Land Registry We set out some simple steps you can take to protect yourself from Property Title Fraud - https://buff.ly/3SvM9D5 #propertytitlefraud #buyingproperty #buyingahome #propertyinvestment

✅ First Friday of the Month ✅ Fraud Working Group at 10 am (going on now!) Join us as we welcome Corey Lynch, CAMS from Verafin to this month's FWG. What's the topic? Suspicious Activity Report (SARs)😨 Do you work at a Credit Union? Join our growing list of over 275 Credit Unions at a monthly meeting focused on tackling Fraud. This community was stood-up as an open forum to design and develop Policies, Job Descriptions, and Toolkits to improve operations. Want to join an upcoming event? See what's coming up 👉 https://lnkd.in/e6DtEKNE You Rock! #FraudAwareness #CUFraudPrevention

In this edition of American Banker's news quiz, see if you know the latest updates on JPMorgan Chase's fraud prevention methods, Supreme Court rulings on swipe fees, the woes of former Silvergate Bank executives and more.