Wednesday, November 30, 2011

Mortgage Scams Identity Theft News - Wed Nov 30, 2011


Babar gets 10 years, must pay back $4.7 million in mortgage scam
TheDay.com (blog)
By Lee Howard Syed A. Babar, a 29-year-old New London High School graduate who orchestrated a four-year mortgage scam that cost lenders millions of dollars, received a 10-year federal prison sentence Monday in Hartford's US District Court and was ...
Not Just Google: Regulators Shut Down Bing, Yahoo Mortgage Scam Ads
Search Engine Watch
by Rob D. Young, November 28, 2011 Comments The fake mortgage programs that brought Google under recent scrutiny don't seem to be run by Google-exclusive con artists. Mortgage scams that claim to provide assistance from the US government have also been ...
$179K fraud of couple probed
London Free Press
By London Free Press staff The couple was convinced by a licensed mortgage agent to invest their money to support struggling farmers, police said. The agent told the couple they would receive an 8% return on their investment, but their money was never ...
Scam exploits grandma's sparse savings, big heart
Fort Wayne Journal Gazette
She has little income and has enough to pay her utilities and a mortgage her late husband took out on her home. Dennie filed a police report with the Allen County Sheriff's Department, but there's little they can do. The phone numbers the scammers ...



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