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Matthew Cox Explains How He Did $40 Million in Fraudulent Home Loans (Part 3)

by Editor
April 27, 2021
in Home Loans, Videos
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Matthew Cox Explains How He Did $40 Million in Fraudulent Home Loans (Part 3)
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Part 4:
Part 2:
Part 1:

Get Matthew Cox’s Book ‘Shark in the Housing Pool’ –
—–
In this clip, Matthew Cox opened up about being caught with $2 million in dangerous loans from Pinnacle Bank Corp., and the financial institution sweeping it below the rug and understanding it was fraud. He went on to discuss the FBI estimating that his firm had $40 million in dangerous loans, which Matthew stated he was re-investing and added that the cash was at all times fluxuating as a result of nature of the actual property market and flipping houses. Matthew additionally detailed how his former worker obtained caught in a rip-off and wore a wire to testify in opposition to him, which led to Matthew getting 3 years probation. Instead of switching careers, Matthew stated that he determined to go “full fraud,” and he devised a option to give you faux identities to get loans. To hear extra, together with how he pleaded responsible to the FBI to avoid wasting his spouse, hit the above clip.

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Tags: home loans
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Editor

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