Notary Fraud
Nov 15, 2014OUTCOME: Over $700,000 actual recovery
A Notary Public set up a hard money lending business and recorded fraudulent documents against unencumbered properties. Once recorded, the notary solicited investors claiming they could earn big retu ... rns by investing in his hard money lending business. This was a true ponzy scheme that collapsed. Despite the notary having no visible assets the actual recovery exceeded $700,000.
