It is amazing how inventive people are when they are committing mortgage fraud. A Duluth, Georgia man attempted to purchase a home with a counterfeit Treasury Bond.
Seriously.
He presented a $225,000 note for payment on a home. One of the 1.6 Billion Dollars worth of Treasury Notes he printed at his house. Yes, you read that correctly, 1.6 billion with a b, worth of counterfeiting.
The old line if you are going to steal, steal big, comes to mind. I am just wondering how many of these he got into circulation before he got busted.
On Feb. 1, Gwinnett County sheriff’s investigators were notified by an attorney that Lloyd Clifford Norris wanted to purchase a home by using a registered promissory note supposedly certified by Treasury Secretary Timothy Geithner, Gwinnett police Cpl. David Schiralli said.
“A copy of the promissory note was given to the investigator and with the assistance of the U.S. Treasury, the note was confirmed to be fraudulent,” Schiralli said.
On Thursday, the suspect attended a loan closing at the attorney’s office, where Norris presented the $225,000 note for payment to purchase a home in Lawrenceville, Schiralli said.
Investigators confirmed that Norris signed the loan documents under false pretense and he was arrested. via the AJC
Personally, I think the guy has some great skill in convincing other people. I mean this Duluth, Georgia man's got to have some few know hows on law and finance technicalities. To pull up such a scam now a days. he sure is something. Anyhow, he shouldbe paying back most of his gains for almsot twice the price.
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