A former Cochrane lawyer who obtained more than $1 million in bogus mortgages has been sentenced to two years in jail.
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Tag Archives: fraud
Province warning of contractor charged with fraud in northwest Alberta
The Alberta government is warning the public about an unlicensed contractor believed to be working while facing charges for fraud and theft.
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Edmonton woman pleads guilty to defrauding 49 people in $1.8 million Ponzi scheme
EDMONTON – A 42-year-old Edmonton woman should spend six years in prison for using her data entry job at the Workers’ Compensation Board to perpetrate a $1.8-million Ponzi scheme, a Crown prosecutor argued Wednesday.
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Mortgage fraud “mastermind” headed to prison
A city businessman who “orchestrated, masterminded and co-ordinated” a series of mortgage frauds over a two-year period is going to prison.
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Scam offers entrepreneurs help on documents
Everyday consumers aren’t the only ones who are targeted by scam artists running fake foreign lotteries, sending scam e-mails about a so-called “approved loan” or making phony pitches for “free” trial offers.
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Top 6 real estate scams – and how to avoid them
Fraud and investment scams abound at all levels of the real estate market – whether it be a contractor who charges hundreds of dollars for work not done to an “investment agent” who embezzles hundreds of millions – protecting yourself can require a measure of vigilance and legwork, but it can also come down to exercising skepticism and common sense.
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How crooks and legit services exploit mobile devices
LAS VEGAS — Your mobile device has never been more ripe to be hacked.
That’s especially true if you’re using an iPhone, iPad or a Google Android smartphone or touch tablet, according to talks at the B
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3 Real Estate Scams And How To Avoid Them
At the AARP conference in May, an attendee came over to Barbara Floyd Jones’ booth and shared a unfortunate tale of financial woe. A fake company masquerading as a government-affiliated housing agency had swindled the unsuspecting homeowner out of $10,000 amid promises to modify the mortgage. After coughing up cash for phony “processing fees”, the victim was left five figures poorer with no mortgage relief in sight. It wasn’t the first time Floyd Jones had heard such a tale nor will it be her last.
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BMO settles with most in Alberta mortgage fraud lawsuit
The Bank of Montreal has settled with all but a handful of the 160 parties it sued in connection with a sprawling case of alleged mortgage fraud in Alberta, CBC News has learned.
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Feds crack down on foreclosure auction scams
SAN FRANCISCO (AP) — At the height of the financial crisis, bargain hunters would gather each week on county courthouse steps to bid on foreclosed properties throughout Northern and Central California. The inventory lists were long, especially in hard-hit areas such as Sacramento and Stockton. But the auctions were generally short affairs — often because real estate speculators were illegally fixing the bidding process.
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