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Miami Accounting Firm Sued For $7.6 Billion For Not Detecting Mortgage Fraud

Two giant lawsuits against nationally recognized accounting firm Deloitte & Touche LLP allege the company should pay $7.6 billion for not detective massive fraud at a Florida mortgage company despite looking through years of audits, the Associated Press reports.

The lawsuits were filed by a bankruptcy trustee for the mortgage firm Taylor Bean & Whitaker and by Ocala Funding LLC, a company that bought hundreds of millions of dollars’ worth of mortgages from that company. The trustee is seeking money to recover on behalf of creditors of Taylor Bean & Whitaker, the article states.

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Cybercrime, Telephone Scams are Lessons to be Learned by Miami Consumers

Cybercrime has been highly documented as it claims 1 million victims each day. These online and electronic scams cost consumers — and the corporations that are seeking to stop or prevent crimes — tens of billions of dollars each year.

People are constantly at risk, whether on their computers, cell phones or with the companies they use to store their personal information. But many people are falsely accused of committing these cybercrimes in Miami.

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20 From South Florida Charged in $40 Million Mortgage Fraud Scam

Twenty people from the Miami area have been charged in an alleged mortgage fraud scam that includes real estate and banking professionals, The Miami Herald reports.

Prosecutors are at it again. They keep bringing these mortgage fraud cases in Miami that have little evidence to prove fraud. In many cases, the suspects are simply bankers or real estate professionals — agents, title companies and others who are part of the real estate process — who were doing their jobs. Someone lost money, however, and all of a sudden it’s “fraud.”

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Six-Year, 100-Percent Spike in Cyber Crime in Miami Requires Legal Action

CNNMoney reports some interesting numbers regarding the increasing popularity of thieves taking to the Internet to steal from consumers.

With Florida’s older population, those who use the Internet for banking or other transactions may be more susceptible to victimization. This is yet another reason why cyber crime in Miami has spiked in recent years. But it’s not just older Floridians who are put at risk. Younger, more tech-savvy consumers who use computers and phones for online banking, buying on eBay and shopping online are also at risk. No one is immune.

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Cybercrime in Miami, Nationwide Claims 1 Million Victims Daily

The website MainStreet.com is reporting that new research shows that 1 million people fall prey to cybercrime in Miami and elsewhere throughout the United States every day.

It’s a staggering number, and a situation that has far-reaching consequences. Everything from a person’s identification to credit card and bank account information are being stolen and used by fraudsters as a way to steal money. Meanwhile, the victim’s credit could suffer and their security is threatened. These victims require representation from a Miami cybercrime attorney who has spent years prosecuting, defending and bringing lawsuits related to cybercrime.

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Four From South Florida Accused of Home Loan Modification Scam

The U.S. Department of Justice has charged four men the government alleges were involved in a loan modification scam.

Since the collapse of the real estate market, state and federal prosecutors have spent a good amount of their time trying to find anyone they can prosecute for mortgage fraud in Miami.

Sadly, this strategy has ensnared innocent people. And this requires an aggressive Miami Mortgage Fraud Defense Lawyer who spent years as a white collar crimes prosecutor and knows how the state and law enforcement approach these cases.

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Alleged Cash-Checking Scam Lands Three in Boca Raton Jail

Two Miami-Dade residents and a Miramar man are in jail, accused of depositing and cashing fraudulent checks, The Palm Beach Post is reporting.

Check theft charges in Miami can sometimes be difficult to prove for the state because knowledge that a theft is taking place is a required element to prove the charges.

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Suspected Mortgage Fraud in Miami, Florida, Highest Nationwide

A new recently released report by the FBI, called the 2010 Mortgage Fraud Report, revealed that Florida, and specifically the Miami and Tampa areas, are the number one places in the country for mortgage fraud.

The recent Federal Bureau of Investigation report will no doubt cause this agency and local law enforcement to take an even closer look at any mortgage transaction when a person loses money. There have been many instances of investment transactions that went south after the economy crashed and led state or federal prosecutors to file baseless charges of mortgage fraud in Miami.

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Alleged Margate Ponzi Schemer Wanted for Extradition

A Margate man accused of conducting a Ponzi scheme that allegedly bilked investors out of millions may soon be extradited from Thailand to Broward County, The Sun-Sentinel reports.

Allegations of Ponzi Schemes in Miami have been blown out of proportion by the media. Too often, when an investment sours — as many have done in the wake of the economic downturn — criminal allegations are made. An experienced Miami Criminal Defense Attorney should be consulted if you are facing criminal charges involving fraud or other financial crimes.

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27 Accused of Mortgage Fraud in Miami, South Florida

In four separate indictments unsealed recently, the U.S. Attorney’s Office in Miami is accusing 27 people in mortgage schemes against banks and South Florida homeowners, The Miami Herald reports. The charges range from mail fraud to insurance fraud to arson.

Mortgage fraud in Miami is a hot-button topic these days, with the media constantly reporting on the struggles of the real estate market in Miami and throughout the state. And seeing that coverage, law enforcement sometimes ramps up its efforts in order to make headlines of their own.

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