From a very young age, we are taught to never tell a lie, or that telling lies is a bad thing. As a kid, telling a lie didn’t get you into serious trouble, it would be a time-out, spanking, or privileges taken away. Big deal – you got over it. But as an adult telling lies has a more serious punishment as two local real estate agents here in Las Vegas found out, when telling a lie turned into bank fraud, up to 30 years in jail, a fine up to $1 million, and oh yeah, you have to pay restitution also.
Short sales are very common in Las Vegas due to our booming housing market from 2005 – 2009 and the significant inflation of those home prices. Please take the time to read this short article from the Las Vegas Review Journal about how telling a lie about your “financial hardship” could cause you some serious issues down the line.
Real Estate Agents Plead Guilty to Bank Fraud in Short Sales
