Land patent scammers being prosecuted

Discussion of various forms of Advance Fee Fraud, including application fees for loans that never materialize, self-liquidating loan scams, as well as mortgage elimination scams and related debt elimination scams [Nigerian-type scams should go in the Nigerian 4-1-9 forum]
Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
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Joined: Tue May 17, 2005 7:04 pm
Location: West of the Pecos

Land patent scammers being prosecuted

Postby Judge Roy Bean » Mon Jan 12, 2009 5:55 pm

Two in custody, three more sought:

http://www3.signonsandiego.com/stories/2009/jan/09/bn09fraud151727-foreclosure-fraud/

Prosecutors said Smith and the others sold “land patents” to homeowners facing foreclosure and told them that the patents would make them a sovereign nation that would be protected from the banks. He said the banks would own the homes but not the land underneath them, and essentially, the homes would not be foreclosed on because they would be worthless to the banks without the land, said prosecutor Eric Ludwig.
The Honorable Judge Roy Bean
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