Fraud reports rampant in real estate

As the real estate boom waves pull back from the shore
All the hidden cheats and liars exposed on the ocean floor
Where once the loud distraction of the ocean waters
Now a quieter afternoon opens the sky for government lawyers.

Investors scream foul as their dollars disappear
The schemes, the scams, inflated dreams fog the mirrors.
"But you promised big returns," they want to say in the ringmaster's ear.
But alas, the ringmaster is gone and their cries fall on deaf ears.

From the AP today: "Former Cal State athlete sentenced to 5 years in real estate scam"
From the Miami Herald: "Home buyers duped into foreclosure"
From Miami Herald: "Real estate sales listings are easy targets for abuse"
From Minneapolis Star Tribune: "Prior Lake mortgage broker guilty in loan scheme"
From Mortgage Fraud Blog: "Virginia Man Indicted in $1 Million Mortgage Fraud Scheme"

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