Utah Mortgage Fraud Highest in Nation! We're Number 1! | Buzz Blog

Wednesday, May 6, 2009

Utah Mortgage Fraud Highest in Nation! We're Number 1!

Posted By on May 6, 2009, 1:01 PM

  • Pin It
    Favorite

Via SLenterprise comes word that a site hosting a national index for mortgage fraud case activity puts Utah at the top of the list. With $300 million in mortgage fraud cases open Utah pushed competing fraudster states like Texas and Florida into the runner-up categories.

What might be the cause of this you say? Does this have something to do with the dominant religion in Zion? The answer is: sort of.

In states with strong communities of organized religious networks (not just Utah) social capital in said communities is very strong and defined. But these networks have a dark side. In the same token that a man can readily call his ward members to help raise money for a charitable cause, banking on cooperation based on a shared religious and communal affiliation, so too can a conman use these networks to tap into trusting individuals to buy into their illicit schemes.

In our cyber-viral age it’s still amazing that the most efficient networks still happen to be word of mouth between friends, associates, church members and neighbors. Too bad it’s not just for organizing ward socials anymore.

Tags: ,

On Topic...

  • Strong Lake City

    Biskupski highlights affordable housing, air pollution and public transportation in her annual State of the City speech.
    • Jan 17, 2019
  • Preservation Inclination

    Even with Hobbitville residents evicted, historic community remnants could live on.
    • Jan 17, 2019
  • Movie Review: Glass

    M. Night Shyamalan tries to paste two movies together to create a cinematic universe
    • Jan 16, 2019
  • More News » More Culture »

More by Eric S. Peterson

Latest in Buzz Blog

Comments

Subscribe to this thread:

Add a comment

© 2019 Salt Lake City Weekly

Website powered by Foundation