Loan Fraud

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Former Loan Officer Sentenced for Fraudulent Loan Scheme

December 27, 2019 Cucolle1

Memphis, TN – December 23, 2019 – A former loan officer at Trustmark Bank...

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NY Man Admits to Role in Defrauding Banks of $3.5 Million in ‘Shotgun’ Loan Scheme

December 17, 2019 Cucolle1

Newark, NJ – Tuesday, December 17, 2019 – A Bronx, New York, man today...

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Former Bank Employee Arrested After Showing Off Stolen Cash and Fraud Auto Loan on Instagram

December 15, 2019 Cucolle1

CHARLOTTE, N.C. – A criminal indictment was unsealed this week in federal court in...

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Milwaukee Fraudster Defrauds Banks of Almost $500,000 Using CPN’s

December 10, 2019 Royal Ellsworth

Milwaukee, WI – 10 December 2019 – A Milwaukee man is facing 22 felony...

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Former Loan Officer Pleads Guilty in Fraudulent Loan Scheme

September 10, 2019 Cucolle1

FOR IMMEDIATE RELEASE Memphis, TN – September 4, 2019 – A former loan officer...

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Former CU VP Sentenced to Almost Three Years in Federal Prison for Credit Union Theft

September 9, 2019 Cucolle1

FOR IMMEDIATE RELEASE Gulfport, Miss. –  Friday, August 30, 2019 – Merrideth Christina McMillian,...

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Fraud Goes Mainstream – “The Fraud Bible”

September 4, 2019 Cucolle1

Fraud, the constantly evolving and ever-present nemesis of collectors and lenders alike, had once...

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Fictitious Auto Fraud Ring Sentenced for $1.7M in Credit Union and Bank Losses

August 18, 2019 Cucolle1

Fraudsters Secured Funds on 80 auto loans, totaling approximately $2.7M in attempted fraud, and...

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Synthetic ID Fraud, Bust-Out Schemes Detailed by NAFCU

July 9, 2019 Cucolle1

“Synthetic identification fraud appears to be one of the fastest-growing type of identity theft...

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Credit Union VP Pleads Guilty to Fraud

July 4, 2019 Cucolle1

Defrauded Credit Union of Over $3M FOR IMMEDIATE RELEASE Louisville, KY – 2 July...

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Credit Union Files Lawsuit Against Dealership for Inflated Incomes

June 26, 2019 Cucolle1

Charlotte, NC – 25 June 2019 – A lawsuit filed against Kia of Gastonia...

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$5M Auto Loan Fraud and Theft Ring Busted in San Diego County

June 25, 2019 Cucolle1

21 Arrested – Largest in County History San Diego, CA – 21 June 2019...

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SSA Launching New Synthetic ID Detection Service

June 11, 2019 Cucolle1

With the explosion of synthetic identity fraud across the United States, the need for...

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Two Charged for Fraud Purchases of Dozens of High-End Vehicles in California

May 18, 2019 Cucolle1

Total losses expected to amount to approximately $3 million Santa Ana, CA – April...

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Two Men Charged in High-End Auto Sublease Scam

May 12, 2019 Cucolle1

DMV Investigator conducted year-long investigation Los Angeles, CA – March 18, 2019 – The...

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Purchased Synthetic ID Fraud Sends Man to Jail

April 28, 2019 Cucolle1

Oklahoma City, OK – For decades, collectors and fraud investigators have fumed over watching...