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5 steps to an unhappier life (prison).

Publication: California CPA
Publication Date: 01-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Many of us have a perception of what fraud is. Fraud is Enron or Bernard Madoff, where hundreds of millions of dollars are skimmed, stolen or embezzled. But it doesn't end there. Fraud is not just major news and multimillion-dollar crimes. Fraud does not have to be profitable, or successful, to be a crime. I met unsuccessful, broke, white-collar convicts in the houscow.

How did I get there? I didn't start out with a scheme or a plan, but I got involved and was one in the minority of the inmates who admitted to it.

I was in real estate finance in 1994 when I was approached by a group of investors who were buying and selling homes. Over the next seven months, I prepared loans for their buyers and sensed that the documentation was not on the up-and-up. They submitted fake paystubs, W2s and other standard loan forms. But I never acted on my suspicions. I didn't ask, and they didn't tell.

A few months into this relationship, I started getting a couple hundred bucks here and there...

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