
#409 – Matthew Cox: FBI Most Wanted Con Man – $55 Million in Bank Fraud
Lex Fridman Podcast
Understanding Loan Fraud Detection Process
A person with good financial standing could secure a loan easily. However, loan fraud can be detected through cross-checking with government databases like SunBiz.gov, which registers corporations. In one instance, a lender caught a fake W2 submitted by a broker, leading to a phone call to the person in charge of the brokers.
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