Comments on: If This Guy Gets A Job, I Officially Renounce The Entire Mortgage Industry

By: So Much More Than A Mom

So Much More Than A Mom — Sat, 07 Feb 2009 22:42:49 +0000

Update: Mortgage "Fraudster" Flees on Private Jet

By: mamaneeds2rant

mamaneeds2rant — Fri, 06 Feb 2009 06:30:32 +0000

And why shouldn’t he be richly rewarded? We have all types of criminals writing our laws in Washington DC, and they’re putting tax cheats and frauds in charge of our fiscal policies. We’re taking more and more tax dollars from the working poor to bail out companies that were run so poorly while the millionaire creeps in charge not only aren’t held accountable, they use the bailout money for bonuses. Makes me sick.

By: So Much More Than A Mom

So Much More Than A Mom — Fri, 06 Feb 2009 04:50:27 +0000

LOL – yes, but our kids shouldn’t have to settle for menial labor just because of criminals. I’ll fight you for the $5000 trash basket, just to see what it looks like. I mean, does it do your laundry, vacuum, do dishes or something?!!

By: Sarah

Sarah — Fri, 06 Feb 2009 03:19:47 +0000

Oooh! I like the payback idea but can we apply it to an even broader spectrum than just Mr. Fraudy Pants? Can I get my money back from AIG, BofA and Merril? Or can I at least get the $5000 papyrus trash basket? I’m sick about the corporate fraud. What can my kids grow up to be anymore? I guess stock boy is still a “clean” profession!

By: So Much More Than A Mom

So Much More Than A Mom — Thu, 05 Feb 2009 22:34:25 +0000

LOL – even minimum wage may be too much. I’m thinking he should pay back the money he earned through his criminal activities. Isn’t that how it works with drug dealers….their homes, cars, etc. are all confiscated and sold at auction.

By: Lisa

Lisa — Thu, 05 Feb 2009 22:30:06 +0000

SMMTAM, I agree with you.

I passed this along to my husband, who commented the guy should get the job for minimum wage. (Ha!)

By: So Much More Than A Mom

So Much More Than A Mom — Thu, 05 Feb 2009 21:47:58 +0000

Frank Abagnale was tried, convicted and served jail sentences before being offered the option of working with the FBI, without pay, as a condition of his parole. He was also the arguably-brilliant master-mind of his own crimes. That is not the case with the person I am referring to, who just did what he was told in an industry that was famous for overlooking fraud in order to make more money. This guy is no Frank Abagnale. None of the fraud he committed was ingenious and any of the thousands of unemployed mortgage professionals who worked in the business for any length of time and did not commit fraud are more than qualified to do the job he is hoping to obtain.

By: ekochman

ekochman — Thu, 05 Feb 2009 21:32:50 +0000

While I understand your point that he should not be rewarded for committing dozens of crimes, he is, perhaps, the most qualified to do something about people like himself. Remember that he got away with his scheme, which means that he knows what loopholes he was taking advantage of, and therefore how to prevent someone else from doing the same thing.

Frank Abagnale, the man behind Catch Me If You Can, was hired to prevent check fraud, because he was the most qualified to prevent it. However, in his case, he was working under close supervision, and in the case you mention, I would expect the same. In fact, if I recall correctly, Frank Abagnale had to do the work he did as payment for his crimes, and perhaps that is what should be done in this case – not hire him, but make it a part of his sentence that he has to work with the appropriate organization to find ways to detect and prevent a repeat of his own actions.