Page 1 of 1

Land patent scammers being prosecuted

Posted: Mon Jan 12, 2009 4:55 pm
by Judge Roy Bean
Two in custody, three more sought:

http://www3.signonsandiego.com/stories/ ... ure-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.