Mortgage fraud and stolen social security numbers linked
One of the latest credit frauds uncovered involves the theft of social security numbers belonging to children. What makes this crime hard to detect is that the numbers are legal and it will be years until children actually go to use them.
The fraud came to light during a larger investigation into multimillion dollar mortgage losses in the Kansas Lee Summit area. Investigators have charged several people with credit fraud for selling stolen social security card numbers, and then changing the credit scores related to those numbers via false credit reporting.
Both the mortgage fraud scheme and the credit history scheme were operating hand in hand and included players from California and Florida.
Local FBI agents dug deeper into a mortgage fraud scheme that resulted in a multimillion dollar loss in the Lee's Summit area," Phillips said. "By digging deeper into that mortgage fraud scheme, investigators uncovered a second scheme, a credit history fraud scheme that was operating in the shadows of the mortgage fraud scheme."