Mortgage Fraud

Paper Summary:

This paper presents a brief history of both the term 'white collar' crime and of the investment market and devotes time to the white-collar crimes in the Waste Management scandal and the Savings and Loan crisis. The paper explores the different forms of mortgage fraud as well as their definitions, and how an individual and a company can prevent mortgage fraud or identity theft in general. The paper also discusses the ethical issues that arise with mortgage fraud.

Outline:
Introduction
Brief Overview of White Collar Crime
History of White Collar Crime
An Overview of the Investment Market
Business Ethics/ A Look at White Collar Crime
Mortgage Fraud

From the Paper:

"Mortgage fraud is committed by individuals in a position of trust within a company's infrastructure. These individuals have gained enough trust to ensure that their clandestine activities as they relate to fraud will not be uncovered. These individuals are in breach of their company contracts by trading inside information and withholding opportunities for others in the form of larger profits. The individual is using their place of employment for personal gain through self dealing. Insider abuse may be related to fraud through the distribution of loans to insiders in excess of regulations. This includes high risk ventures, and speculative risks. It also includes the very high payment of exorbitant dividends during periods of insolvency within the company."

Sample of Sources Used:

• Babbitt, Jamie. "Do's and Don'ts of Protecting Yourself from Identity Theft." InformationToday Vol. 23 Issue 8 (September 2006): 60.
• Bond Market. "Bond Basics, Key Bond Considerations, part 2." (2005). (Online). Available: www.investinginbonds.com/learnmore.asp?catid=46&id=8
• Business Wire. (2002). Former Waste CEO Responds to SEC Allegations, Challenges Fairness. <http://www.findarticles.com/p/articles/mi_m0EIN/is_2002_March_26/ai_84193004>
• Chakravarty, Subrata N. "Dean Buntrock's Green Machine." Forbes, Vol. 152 Issue 3, (1993). p96-100.
• Costa, John Dalla. "Ethics and Marketing". Marketing Magazine, Vol. 111 Issue 19, (2006).p12 14. (Online). Available: http://www.marketingmag.ca/magazine/current/feature/article.jsp?content=20060522_6 397_67397

More papers on Mortgage Fraud:

• Research Paper # 55360 : "Mortgage Fraud"
• Analytical Essay # 130595 : "Mortgage Fraud"
• Term Paper # 100364 : "Mortgage Fraud"

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