Welcome to this week’s Carnival of Fraud!
Another Ponzi scheme has been shut down. How do investors get themselves invovled with these? Don’t they know if that the investment returns sound too good to be true, it’s because they are????
The Real Estate Forum cautions us to learn the name Casey Serin. Apparently this guy has scammed his way into at least 8 properties in 4 states, committing mortgage fraud to obtain the loans. He inflated the value of the properties and received cash at closing… to the tune of $15,000 to $50,000 per property. Wow!
As if we have a theme going on today, DigeratiLife gives us 6 ways to protect yourself against mortgage fraud.
My Simple Trading Systems keeps with our theme of real estate, and mentions four important red flags when hiring someone to do home repairs.
Tick Marks discusses tax fraud. Tax preparers often seem to forget that they might be on the hook for fraud!
On a related note, a tax court recently ruled that a Goldman Sachs investment banker could not deduct $55,000 for used clothing that she donated. But I think the bigger fraud is the fact that she’d purchase all this designer cloting, wear it once or twice, and then donate it.
Wenchypoo gives us the secret to getting rich quick: to let go of habits, behaviors, and mindsets that are expensive and destructive. (Maybe that investment banker should read it?)
Be careful of getting too rich if you live in Wisconsin, however. Our esteemed governor has always got his hand in your procket! He promised during his recent campaign to not raise taxes…. but is now asking for a tax increase of $1.74 billion.
Submissions for next week’s carnival can be made here.
