Mortgage field services fraud can pay off big. This mortgage inspector was part of the Million Dollar Club. He earned about a million dollars each month. He lived the good life for five years until he was caught. He pleaded guilty to wire fraud and was sentenced to eight years in a federal prison. This is an American story. American Mortgage Field Services commits fraud against Bank of America. About 60% of all of the reports were fabricated and it took the bank five years to figure it out. The banks don’t look at the reports.
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