Category Archives: Books

Mortgage Fraud

The following are companion documents and images for the book entitled Mortgage Fraud and the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez.

ABSTRACT

Mortgage fraud has been described as “a form of bank robbery where the bank is not even aware it has been robbed until months or years later.” Within the United States, an estimated $14 billion (0.66% of all loans) in fraudulent loans were originated in 2009 alone. In United States v. Quintero-Lopez, 15 defendants were indicted on 70 counts in the Southern District of Florida for a mortgage fraud scheme involving 16 fraudulent loans totaling $6 million in disbursements. This case study examines over 3 ½ years of activity, incorporates a detailed risk assessment and highlights best practices for prevention, detection, and investigation. The methodology of the scheme is detailed in a process flowchart, link analysis, and timeline of events.

Mortgage Fraud and the Illegal Property Flipping Scheme

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PROCESS FLOWCHART

For a detailed process flowchart of the fraud scheme specific to United States v. Quintero-Lopez (2007):

Process Flowchart

DOWNLOAD Process Flowchart (PDF): 206 KB


LINK ANALYSIS

Using Analyst’s Notebook software, the following was created for United States v. Quintero-Lopez (2007):

DOWNLOAD Link analysis (PNG image): 2.63 MB

DOWNLOAD Link analysis (PNG image): 2.63 MB


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Training in Tanzania, Africa

Map of Tanzania

I had the pleasure of teaching a three and a half day antifraud seminar at the Serena resort in Dar es Salaam, Tanzania, Africa. Participants included C-Suite, management from Legal, Banking Services, Internal Controls, and Global Corporate Audit departments from many countries across the continent.

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Filed under Books, Continuing Professional Education (CPE), Methodology, Reports

ACFE Endorses My Fraud Books

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Both of my books on fraud are now available at the Association of Certified Fraud Examiners (ACFE.com) website in the bookstore. ACFE membership discounts available.

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Filed under Books, Corporate Fraud