Monday, October 4, 2010
Depending on how you look at it, yesterday was the three year anniversary of the Miami Dade County Mortgage Fraud Task force's first arrests or the two year anniversary of the Bernardo Barrera mortgage fraud arrests. So where are we at three years later? We discovered last week that the we're knee deep in a foreclosure fraud crisis where it's not the borrowers that are committing fraud but the banks through submitting fake and forged documents to the courts. Does anyone think that the members of the Miami Dade County Mortgage Fraud task force is working over time to prepare cases against these guys? We also learned a few weeks back that the City of Miami Commissioner Marc David Sarnoff may have committed mortgage fraud, does anyone believe that the people over at the mortgage fraud task force are busy investigating these allegations and preparing a case against him? Don't hold your breath.
So here we are three years since the inception of the Mortgage Fraud task force that was supposed to be a model for the rest of the nation and what's the impression we're left with? Based on everything I've seen the only impression I'm left with is selective enforcement of the law.