[1StopFunding]

Is there not anything that can be done to these merchants who continue to send fake statements?? In the mortgage biz, this kind of stuff landed your butt in jail. It's getting ridiculous! My latest told me he has an IOLTA account and was not allowed to have online access. When did banks start preventing lawyers from having online access???

[FUNd]

You should probably start here:

http://www.stopfraud.gov/

Report their sorry ass and make an example out of them.

[Rick@GoTorro]

Nothing is more frustrating. I've reported a few people through there.

[Chambo]

Is there anything that can be done about unscrupulous sales reps who misrepresent, commit wire fraud almost daily, and cheat on their taxes?

these two groups deserve each other

[ridextreme]

lol this is a very unscrupulous industry on both side of the fence for sure

[WhoisKingsley]

Be cautious of anything that comes from Miami - especially TD Bank Statements

[FUNd]

Be cautious of anything that comes from Miami - especially TD Bank Statements

Why that state and bank specifically?

[omegafund]

Smarter brokers upfront and lenders in the back-end. There are criminals and liars in all industries and government.
Cut off their money and they will crawl somewhere else.
Unless you want a heavily regulated industry these criminals will be far from getting prosecuted.
Post their names and numbers, locations online google will shortly index them. Funny you can prevent dealing with fraud companies just with a little google

[Drizzle]

#fraudstatement then post a pic

[CreditGuy]

Why that state and bank specifically?

Almost all of the Miami MSA is both a HIFCA and HIDTA zone per FinCen. As for that bank, a fraud ring operating in that area likely has TD statements they doctor up rather using having multiple banks.

[TheShitzuofMCA]

I think most funding companies let them get away with it and just make notes internally instead of reporting and pressing charges. As an underwriter I caught at least two fraudulent bank statements daily. Most times Merchant plays stupid, other times will hang up on you the moment you notify them they are manipulated. Decision Logic is the key and I wouldn't fund without it at the very least. Software and tricks have gotten better its getting harder and harder to catch fraud by mistakes or irregularities on bank statements. I have also seen a lot of companies about to go out of business run to an MCA fishing for money or someone not doing their due diligence. Unfortunately a lot of crooks have made money off our industry without repercussion.

[DataMerch]

Half of our daily records inputted by funders are fake bank statement records. Its bad out there !!

Scott Williams
DataMerch
swilliams@datamerch.com
www.datamerch.com