How To Protect Yourself Against Fraud: Crooks Of 2019
This was published in the November, 2019 issue of THE PAPER SOURCE JOURNAL. For information on subscribing, click on the tab above, “Paper Source Journal.”
Why am I posting a roundup of note frauds committed this year (so far)?Its because most people aren’t aware of how many there are and how serious is the problem. THE PAPER SOURCE appears to be the only source of this information in the note industry, and so many people continue to be victimized. I dont want you to be one of them. Thousands of investors lost over $2.2 billion in the fraudulent note funds below just this year alone. And this is not even a complete list.
Here are some tips to protect yourself against fraud:
* When you buy a note, TAKE POSSESSION OF IT. Own all the original documents, including the assignment from the seller with their actual signature, not copies.
* Service your notes yourself or hire a servicing company not affiliated with the note seller.
* Dont invest in note funds or joint ven