Our Country's Economic Security IS Linked to Homeland Security

• Call upon an investigation and audit into the mortgage meltdown and promise to name names.
• Step up Homeland Security to deal with possible mortgage fraud/terrorism that may be funding our enemies.
• One Billion dollars PER YEAR has been linked to mortgage fraud

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Results 1 - 10 of about 191,000 for mortgage fraud terrorism


http://www.americanchronicle.com/articles/65628
FBI mortgage fraud cases involve drug gangs and organized crime and nets hundreds
Michael Webster, Investigative Reporter
June 19, 2008

America's leading authority on Venture Capital/Equity Funding. A trustee on some of the nations largest trade Union funds. A noted Author, Lecturer, Educator, Emergency Manager, Counter-Terrorist, War on Drugs and War on Terrorist Specialist, Business Consultant, Newspaper Publisher. Radio News caster. Labor Law generalist, Teamster Union Business Agent, General Organizer, Union Rank and File Member Grievances Representative, NLRB Union Representative, Union Contract Negotiator, Workers Compensation Appeals Board Hearing Representative. Investigative Reporter for print, electronic and on-line News Agencies.

Michael Webster is a world-renowned expert on global economics, financing, emergency management, preparedness and illicit drugs and terrorism. He is the author of Venture Capital, the THE CHRISTIAN COVENANT the REDROAD, the LEMONFAST. And the United States Civil Defense Emergency Training Manual.

Mr. Webster was the founder in the 1960´s and 70´s of "Paramedic´s On Call" and was one of the earliest providers of Emergency Paramedic services in the nation and become known as the Father of emergency care and transportation of the sick and injured.

Government official says losses in the fraud cases total $1 billion.

Hundreds of people across the country have been arrested by law enforcement officials today and yesterday targeting crooked mortgage brokers, real estate agents, industry officials, and drug gangs a top FBI official claims.

Sharon Ormsby, section chief in charge of financial crimes for the FBI, said "some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money.

FBI Director Robert Mueller and Deputy Attorney General Mark Filip announced the arrests the same day of two former Bear Stearns hedge fund managers, Ralph Cioffi and Matthew Tannin, surrendered to the FBI. The men are expected to face federal charges that they intentionally misled investors in two funds that collapsed last summer under the weight of wrong-way bets on mortgage-backed securities.

More than 400 people are believed targets of the far reaching criminal FBI investigations in the mortgage fraud probe. 300 plus suspects have been arrested, including 60 in a coordinated sweep Wednesday, the Justice Department said.

The losses in the mortgage fraud cases cost consumers more than $1 billion, FBI Director Mueller said.

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http://communicatormagazine.com/page314.aspx


FBI Links Fraudulent Appraisers with Terrorism and Organized Crime
This article is the third in a four part series on valuation fraud and the appraiser.
By Terrie Petree

On March 12, 2007, the FBI’s official internet portal, www.fbi.gov, featured two prominent pictures on its homepage; the first was a close-up photo of Osama Bin Laden, the second was a picture with a “For Sale” sign in the foreground and a well kept, two story, red brick home in the background. Above Osama Bin Laden’s picture was the caption, “Most Wanted Terrorist.” Above the picture of the red brick home was the caption, “Mortgage Fraud: New Partnership to Combat Problem.” There they were, side by side: terrorism and mortgage fraud.

Equating mortgage fraud with terrorism is not an FBI scare tactic. In 2005, a grand jury charged Tarik Hamdi with mortgage and immigration fraud, but it’s not Hamdi’s white collar crimes that raise the most serious suspicions. In 1998, Hamdi delivered a satellite phone battery to Afghanistan in order to coordinate an interview between ABC News and Osama Bin Laden. The phone is suspected to have been used to coordinate the 1998 U.S. Embassy bombings in Kenya and Tanzania. Additionally, Hamdi and Bin Laden appear together as co-defendants in Burlingame, et al v. Laden, et al, the case filed against the alleged perpetrators of the 9/11 attacks. Hamdi has not been held on any of the charges because he left the United States before he could be arrested.

The fact that Hamdi is suspected of both mortgage fraud and terrorist activity might seem coincidental if not for the rash of fraud-to-pay-for-terrorism schemes in Dearborn, Michigan. A string of mortgage fraud crimes led federal authorities to investigate, and subsequently charge, Nemr Ali Rahal and Mahmoud Youssef Kourani for their involvement in fraudulent deals that generated funds for Hezbollah. Rahal pleaded guilty to immigration and bank fraud as part of a plea deal that spared him from being charged for supporting terrorist activities by fraudulently obtaining more than $500,000 for Hezbollah. On March 1, 2005, Kourani pleaded guilty to Conspiracy to Provide Material Support to Hizballah [Hezbollah] after transferring more than $200,000 illegally generated through real estate fraud to his brother, the chief of military security in southern Lebanon. Also in Dearborn, Ahmad and Musa Jebril were convicted of mortgage fraud in June 2005. Together, the two men defrauded banks and people of up to $650,000 while actively supporting Hamas. (After the 1995 car bombing in Riyadh, Saudi Arabia that killed four Americans, Ahmad and Musa Jebril faxed a statement to CNN voicing their support for the attack.)
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http://www.timesonline.co.uk/tol/news/uk/crime/article3486107.ece
Terrorists and criminals are conning British banks out of

£700 million ($1,222,660,992.59 USD) a year

to help to finance their illegal activities, a police report has revealed.

An intelligence report by the Association of Chief Police Officers said that organised crime groups used mortgage fraud to generate income and launder money from the proceeds of their operations, such as drugs, human trafficking and prostitution.

“While there is no evidence to suggest mortgage fraud directly funds terrorist acts, this area of criminality has been encountered during investigations into UK-based terrorist groups,” it said. “Mortgage fraud can be used to finance infrastructure including safe houses.”

The report, which was sent to financial institutions and police forces across the country yesterday, said that it was difficult to assess the scale of the problem, but estimated that fraudsters conned lenders out of about £700 million a year. The average cost of each such fraud to the lender is about £45,000, the City watchdog has said.
Related Links

* UK housing market close to collapse, analyst says

* Inquiry into suspected mortgage fraud

Fraudsters can con lenders out of money by using corrupt surveyors to issue false valuations. This allows them to apply for a loan that is larger than the value of the property. In addition, they will usually apply under a false name, supported by false documentation, and later fail to make any repayments.