IRE favicon


Resource ID: #9914
Subject: Fraud
Source: KGO-TV (San Francisco)
Date: Nov. 10, 1993



KGO-TV (San Francisco) examines how a mortgage broker and his company made money by lending excessive money to home-owners he knew would default; he then repossessed the homes, got investors to lend money with the homes as collateral, let them fall back into foreclosure and never paid the investors back; an audit by the California Department of Real Estate a year before failed to detect the irregularities, Nov. 10, 1993.

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