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The R & G Financial Corporation (commonly known as RG Financial or R-G Financial) was a financial holding company located in San Juan, Puerto Rico. On April 30, 2010, its bank failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation (FDIC). Its deposits and assets were subsequently sold to Scotiabank. On May ...
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government said Friday that it suspended three employees as federal agents investigate an online scam that attempted to steal more than $4 million ...
FCC warns of 50-state scam by fraudsters posing as mortgage lenders. Kate Gibson. Updated January 15, 2025 at 2:16 PM. ... then offer relief if the victims send payments via atypical routes. That ...
Up until 16 July 2020, the Bank Robbery and Banking Institutions Fraud Division of the Criminal Investigations Auxiliary Superintendency (SAIC) of the Puerto Rico Police had arrested 10 individuals for stealing the identities of other individuals and using false identifications to cash the checks they received in the victims' names.
A "balloon payment" is a one-time, lump-sum payment, usually costing tens of thousands of dollars, that comes sometime during the life of the mortgage. Its purpose is to keep the monthly payments ...
The check variant of the overpayment scams, as well as other confidence tricks where scammers send the victim an illegitimate check, work in part because of the delay—sometimes days or weeks—between a customer depositing a check at a bank and the check clearing and being verified as legitimate. [3]
Matthew Bevan "Matt" Cox (born July 2, 1969) is an American former mortgage broker and admitted mortgage fraudster and con man. Cox, also a true crime author, wrote an unpublished manuscript entitled The Associates in which the main character traveled the country to perpetrate a mortgage fraud scheme similar to the one Cox ran.
Sure, all mortgage scams are sleazy, but this one seems particularly evil.According to a story in a recent newsletter put out by Identity Theft 911, a company aimed at helping individuals and ...