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    More Calgary Mortgage Fraud Exposed

    After literally years of staying out of the picture, the criminal enforcement people have decided to get involved in the Calgary mortgage fraud scene.

    The police have arrested a number of mortgage fraudsters since late July 2010, and maybe finally there be a option other than fighting fraudsters through civil law (which has been the only option to this point).

    While this operation curtailed today is only a small puddle in the whole Calgary mortgage fraud scene, at least now we have a new group (the police) who have decided to join in the situation to try to solve this social and criminal problem in Calgary.

    Rainbow Investigations has long since advocated that the best way to solve this problem is for all the players - the police, RECA, the banks, the lawyers, the investigators, the mortgage brokers, CMHC to all come together, share information in an uncompromising way and get this fraud out of Calgary. We are not there yet but there are some small signs emerging that we are going in the right direction.

    Today's story from Global Calgary is here.

    Ron Reinhold

    Date of Story: Friday, August 06, 2010
    Story Posted By: Ron Reinhold
    Source: Ron Reinhold

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