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Video Links

Bank of America Mortgage Fraud: Feds Sues over $1 Billion Alleging Multi-Year Scheme

In this 2:43 clip from the Huffington Post, commentators discuss mortgage fraud schemes and the safety of the banking system in United States.

1. Based on the commentary provided in the video clip, how serious of a problem do you consider mortgage fraud to be? What are some solutions to mortgage fraud?
    

The Bonnie and Clyde of Mortgage Fraud

This 43 minute episode of American Greed catalogues the case of a couple involved in real estate fraud.

1. How were the “Bonnie and Clyde” of Mortgage Fraud in this case able to fool banks? What was their one big mistake? Do you think the banking system lacks adequate protections to prevent these types of crime?
    

Audio Links

Gangs Find New Source of Revenue: Mortgage Fraud (4:16)

The spotlight is on street gangs’ fraud involvement in this edition of All Things Considered.  From street crime to white-collar crime, street gangs, like the vice-lords, are finding mortgage fraud to be a lucrative supplement to their traditional criminal activities like drug dealing and illegal gun sales.  This interesting broadcast exposes the changing face of white-collar offenders and shows students how the boundaries between crime in the streets and crime in the suites can sometimes be blurred.

1. Discuss the role of street gangs in Mortgage Fraud. We you surprised with how easily street gangs became involved in a non-traditional crime for gangs? How does this illustrate changing trends in white collar crime?
    

Housing Pros Seen Working Foreclosure Scams (5:37)

The topic of discussion in this broadcast of All Things Considered is a housing scam called the foreclosure rescue which involves straw buyers.  The story gives students insight into a housing scam and a victim interview reveals how individuals can fall prey to con-artists. 

1. How do foreclosure rescues reflect similar housing scams? How are they different from typical housing scams? How does Home Savers prey on those who may be desperate for assistance?