GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Lying about your income for a business loan...

KRL · 10-29-2004, 04:13 PM

That called loan fraud. Banks are FDIC insured so its considered a federal level crime that the FBI investigates and a US Attorney will prosecute.

Lots of people lie obviously and most never get caught, but if you do you're looking at about 5 to 15 years behind bards depending on the amount involved.

There was just an idiot down here in the news that got 6 years for inflating his income on several mortgage applications.

10-29-2004, 04:13 PM
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	That called loan fraud. Banks are FDIC insured so its considered a federal level crime that the FBI investigates and a US Attorney will prosecute. Lots of people lie obviously and most never get caught, but if you do you're looking at about 5 to 15 years behind bards depending on the amount involved. There was just an idiot down here in the news that got 6 years for inflating his income on several mortgage applications. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains