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  1. #1
    Join Date
    Mar 2007
    Location
    Georgetown, KY
    Posts
    537

    Default Foreclosure Bank Inspector Jay Vincent going to Prison

    Jay Vincent gets 5-year prison term

    Prosecutors say Vincent and an associate defrauded 20,000 people out of more than $1 million by charging them to become inspectors through a business called Foreclosure Bank Inspection. No inspectors were hired, and the business had no contracts with banks, according to the government.

    ...

    Assistant U.S. Attorney Michael MacDonald said anyone who was a victim of Vincent's scheme should contact the U.S. attorney's office within two months by calling (616) 808-2034 and asking for victim witness coordinator Kathy Schuette.

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  2. #2
    Join Date
    Mar 2007
    Location
    South-West Michigan
    Posts
    469

    Post Re: Foreclosure Bank Inspector Jay Vincent going to Prison

    Only 5 1/2 years? It should be double that.

    Randall Aldering GHI BAOM MSM
    Housesmithe Inspection
    www.housesmithe.com

  3. #3
    Ted Menelly's Avatar
    Ted Menelly Guest

    Default Re: Foreclosure Bank Inspector Jay Vincent going to Prison

    Quote Originally Posted by Randy Aldering View Post
    Only 5 1/2 years? It should be double that.
    But those tax dollars


  4. #4
    Join Date
    Mar 2007
    Location
    Zeeland Michigan
    Posts
    143

    Default Re: Foreclosure Bank Inspector Jay Vincent going to Prison

    Went to court in Grand Rapids. I don't know anyone who fell for this.

    If a man empties his purse into his head no one can take it away from him. An investment in knowledge always pays the best interest
    Benjamin Franklin

  5. #5
    Don Burbach's Avatar
    Don Burbach Guest

    Default Re: Foreclosure Bank Inspector Jay Vincent going to Prison

    I feel sorry for the people who got sucked into this SCAM..... but, I wonder how many people have been convicted in other real estate related scams since 2006 when the market started to turn. I bet the number of real convictions is miniscule. Sure, press releases are one thing, but justice is quite different.

    The damages here are likely only the money paid to these people, but what about the billions directly lost in bad mortgages, fallen property values, phony credit counseling and repair, etc.???? I wonder how much money has slipped away to people who have unjustly profited????

    Last edited by Don Burbach; 09-06-2011 at 05:54 PM.

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