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NV Is Fraud Ground Zero.

Mortgage Servicing News

| May 01, 2009 | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Lew Sichelman

Las Vegas-What happens in Vegas doesn't always stay in Vegas, according to the U.S. attorney for the state of Nevada.

Contradicting the popular catch line used to promote tourism here, Gregory Brower said that the statement isn't true when it comes to mortgage fraud.

"Nevada and Las Vegas are ground zero for fraud, and Reno is no slouch, either," he told the Mortgage Bankers Association's National Fraud Issues Conference.

Perhaps because of the get-rich-quick mentality that is so prevalent in the Silver State and its gambling meccas, Mr. Brawley said it's no surprise to him that scam artists are drawn to Vegas and environs.

"I hate to admit it because I grew up here, but it's a mecca for fraudsters, and a magnet for fraud," he said.

Appointed by President George W. Bush late last year after serving as general counsel at the Government Printing Office in Washington, DC, ...

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Source: HighBeam Research, NV Is Fraud Ground Zero.

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