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October 2018 Archives

How can homeowners avoid mortgage fraud?

Whether you're a first time home buyer or have owned before, most people who buy a piece of real estate use a mortgage to finance the transaction. This is a detailed process that involves many parties working together. There are many opportunities for some party involved to make a mistake or potentially falsify information to improve the transaction.

Determining the penalties for white collar crime

The notion of "Club Fed" refers to federal prisons that are perceived to be more like resorts than penitentiaries, with those "detained" inside enjoying the same lavish amenities they did on the outside. The common school of thought is that anyone convicted of a white collar crime in New York would be sent to such a place. While there are different levels of security in the prison system (which can be reflected in what is available to inmates), the notion that all white collar criminal activity earns one an all-expenses paid trip to Club Fed is simply false. 

Is a Ponzi scheme a type of pyramid scheme?

As someone working in New York, you've likely heard of pyramid schemes and Ponzi schemes before. Sometimes, they're lumped together. Other times, people call Ponzi schemes a "type" of pyramid scheme. But is that actually accurate? While these two types of schemes are similar in many ways, they also have a number of fundamental differences.

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