Developments In The Wells Fargo Bank Fraud Scandal

As an expert bank fraud defense attorney in Newark, we’ve been following the recent Wells Fargo scandal very closely. In case you’re not familiar with what happened, here’s a brief recap: In early September, 2016, the Consumer Financial Protection Bureau along with other law enforcement and financial agencies accused Wells Fargo of creating millions of […]

Do You Need a Newark, NJ Bank Fraud Lawyer?

  Bank fraud has been in the news quite a bit recently. If you’ve had the television or radio on at all, it’s likely that you’ve heard all about what’s going on with Wells Fargo. With over 5,000 employees having been fired for opening fake accounts in order to meet their sales goals, a story […]

When To Hire a Bank Fraud Attorney

  What exactly is bank fraud and how do you know if you need to hire a bank fraud attorney? Well, according to federal law, bank fraud is when a person “knowingly executes, or attempts to execute a scheme or artifice to defraud a financial institution or to obtain any of the moneys, funds, credits, […]

The Story of Frank Abagnale and Why You Need a Bank Fraud Lawyer

In a previous post, we mentioned Catch Me If You Can as one of the greatest films about white collar crime to ever have been made. The film revolves around Frank Abagnale, the son of a business owner who decided to run away at the age of 15 who went on to become one of […]

How the Online World Opens You Up to Bank Fraud

E-Commerce has boomed over the last 20 years for the purchase and sales of online products. As useful as the internet is, it also leaves individuals open to vulnerabilities with their bank accounts and personal identifying information. Tech savvy generation Y tends to be more open to using the internet without considering the bank fraud […]

Securities in Paper Checks to Prevent Check Fraud

One of the most common forms of bank fraud is through the use of checks. Individuals can simply steal checks and withdraw cash as their own. Other individuals may simply do what is called check kiting, or intentionally using checks for goods even though they know they have insufficient funds. Doctoring checks is much less […]

How Helping Can Hurt

Buying a new home is a big step for anyone. Part of the American Dream tends to be described as owning your own home in the suburbs. But with housing prices high and a required 5 percent down to purchase a home with a conventional loan, many individuals look to their families for money to […]

Three Tips For Guarding Against Check Fraud

In a previous blog post, we briefly discussed the many faces of bank fraud, which occurs when a person or group obtains money or other assets from a bank or other financial institution using illegal means. Among the more common types of bank fraud is check fraud, which includes the modification, theft, and forgery of […]

Mortgage Fraud: What is a Straw Buyer?

Taylor wants to buy a house, but he can’t get financing because of his poor credit score. He asks his sister for help, and she purchases the home for him. Taylor pays his mortgage payments to his sister, who then pays the lender. In this example, Taylor is the real buyer, and his sister is […]

Guard Against Mortgage Fraud While Refinancing Your Home

Homeowners choose to refinance their homes for many reasons. Restructuring your mortgage can result in lower monthly payments, a lower interest rate, or a longer loan term, making it more manageable to repay the loan. Homeowners might also opt to refinance due to a divorce, in order to get a fixed-rate mortgage, or for a […]