Criminals paid to buy houses in new 'builder bailout fraud'

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THE Criminal Assets Bureau (CAB) is investigating a number of cases of a new fraud where builders have paid off criminals to create false identities and buy houses which they had not been able to sell due to poor market conditions.
In the 'builder bailout fraud', scam-artists create fake personas to take out mortgages, then buy unsold properties at a vastly inflated price.
The mortgage is then never repaid and the bank is left with an over-valued property.
Yesterday the head of the CAB revealed that the scam, which has become common in the US, is now being investigated in Ireland.
Chief Superintendent John O'Mahony told the Oireachtas Joint Committee on Finance that there had been an increase in the number of cases with the decline in the economy.
The scam starts with a deal between a fraudster, often connected to a crime gang, and a builder who cannot sell his properties.
The criminal creates a false identity by making fake bank statements, tax certificates, payslips and passports using computers and the internet. With the false identity in hand, they then work on a loan application, often with a corrupt mortgage broker.
When the loan is passed by the bank, the money is then transferred to the fraudster, under his false identity, through a solicitor.
The house in question is then bought from the builder for an inflated price.

Единственное что не указано в статье, что в качестве виртуального покупателя обычно используются иностранцы, которых трудней проверить
При украденных данных на ирландца можно нарваться что в банке его сестра или приятель работает