The IRE website will be unavailable while we complete routine maintenance on Friday, November 19 from 8-10 am CT.
IRE favicon


Resource ID: #17538
Subject: Fraud
Source: WKRC-TV
Date: June 15, 2000



WKRC-TV finds that "members of the patriot movement appear to be funding their cause by setting themselves up as a 'bank.' The fraudulent 'bank' is willing to help homeowners faced with foreclosure by legitimate banks. The militia members scan local newspapers for word of foreclosure on properties. They then contact the embattled homeowner, offering to buy their mortgage from the bank and prevent the foreclosure. In exchange the homeowner agrees to a 'lend lease' agreement with the militia bank, which is usually an operation called Soverign Accounting Agency."

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram