Frauds Up, But Slowly
According to the latest 2011 statistics, fraud is on the rise, but slowly. If you find that comforting news, I suggest you go back to bed – facing the real world might just not be for you.
Yes, there were 1.45 million reports of suspicious financial activity last year, up from 1.32 million the year before. Of course, the numbers rose which I guess is what we would expect when the financial industry is still at rock bottom and mortgage fraud is becoming so common. But the growth slowed down, as the year before the increase was 31%.
Now, I’m not going to do the math on that one, but I think we need to do a better job at getting a hold of the fraud going on in this country. With the losses people are taking we don’t need the industry tripping on itself as we’re getting moving again. Because what’s going to happen is the lenders are going to wake up one day (when they finally have the time) and realize the “recovery” going on is all smoke and mirrors.
Which means we’ll find ourselves right back where we were last year. I don’t want to see progress take a step backwards, I don’t want to see good people punished for bad choices they made under duress.
Folks, there are options available to you when you’re in a tight spot. You can do things right now in your own life to improve your situation. Cheating people (even cheating banks) won’t pay off in the long run. So take a positive step to make a difference, put yourself back on solid footing, and look for the opportunities around you.
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Gbaproperties
