Using Unfair and Deceptive Acts and Practices Statutes to Challenge Reinsurer...NationalUnderwriter
Although the viability of a claim for violation of an unfair and deceptive acts and practices statute in the reinsurance
context is still in its infancy, the possibility of those claims must be considered by cedents and reinsurers alike in their claims activities, at least in jurisdictions where such claims are viable.
Surety Industry Overview: State of the Industry by Cissie ScogginDon Grauel
Cissie Scoggin of Liberty Mutual Insurance presented "Surety Industry Overview: State of the Industry" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
Cyber risk related to information security is growing. A potentially huge exposure for transportation companies is the personal data of their current and prospective drivers.
Due to the variations in plan benefits and membership fees as well as other regulatory requirements, this presentation is to be used only in Canada. (updated 9/24/09)
A quick overview of the PrePaid Legal plan and the business opportunity. You can be a member without being an associate. The law provider firm in Ontario is Mills and Mills based in Toronto.
Insider Lease Agreements (Series: Ethical Issues in Real Estate-Based Bankrup...Financial Poise
It is a common play in real estate to create a separate operating entity to serve as a tenant and execute a lease between the owner of the property and himself. Typically, this happens in assets which serve as a real estate-based business, such as a retail property. The structure enables the operator to reduce the taxable income of the business and also provide a liability shield for the property owner. This arrangement can lead to some ethical issues should the property owner become distressed. For example, is the lease amount above market and therefore being used to inflate the property valuation? Is rent actually being paid? Is there a proper lease in place or just an internal handshake? Attorneys need to understand the set-up in order to know what is in bounds and what is outside the lines. This webinar looks at this leasing structure and examines the issues that may arise.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/insider-lease-agreements-2020/
Using Unfair and Deceptive Acts and Practices Statutes to Challenge Reinsurer...NationalUnderwriter
Although the viability of a claim for violation of an unfair and deceptive acts and practices statute in the reinsurance
context is still in its infancy, the possibility of those claims must be considered by cedents and reinsurers alike in their claims activities, at least in jurisdictions where such claims are viable.
Surety Industry Overview: State of the Industry by Cissie ScogginDon Grauel
Cissie Scoggin of Liberty Mutual Insurance presented "Surety Industry Overview: State of the Industry" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
Cyber risk related to information security is growing. A potentially huge exposure for transportation companies is the personal data of their current and prospective drivers.
Due to the variations in plan benefits and membership fees as well as other regulatory requirements, this presentation is to be used only in Canada. (updated 9/24/09)
A quick overview of the PrePaid Legal plan and the business opportunity. You can be a member without being an associate. The law provider firm in Ontario is Mills and Mills based in Toronto.
Insider Lease Agreements (Series: Ethical Issues in Real Estate-Based Bankrup...Financial Poise
It is a common play in real estate to create a separate operating entity to serve as a tenant and execute a lease between the owner of the property and himself. Typically, this happens in assets which serve as a real estate-based business, such as a retail property. The structure enables the operator to reduce the taxable income of the business and also provide a liability shield for the property owner. This arrangement can lead to some ethical issues should the property owner become distressed. For example, is the lease amount above market and therefore being used to inflate the property valuation? Is rent actually being paid? Is there a proper lease in place or just an internal handshake? Attorneys need to understand the set-up in order to know what is in bounds and what is outside the lines. This webinar looks at this leasing structure and examines the issues that may arise.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/insider-lease-agreements-2020/
What is fraud?
A fraud is defined as a wrongful or criminal deception intended to result in financial or personal gain. "He was convicted of fraud" a person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.
What is Fraud Law?
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong.
The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements.
Terminology
Fraud can be defined as either a civil wrong or a criminal act. For civil fraud, a government agency or person or entity harmed by fraud may bring litigation to stop the fraud, seek monetary damages, or both. For criminal fraud, a person may be prosecuted for the fraud and potentially face fines, incarceration, or both.
What is fraud?
A fraud is defined as a wrongful or criminal deception intended to result in financial or personal gain. "He was convicted of fraud" a person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.
What is Fraud Law?
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong.
The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements.
Terminology
Fraud can be defined as either a civil wrong or a criminal act. For civil fraud, a government agency or person or entity harmed by fraud may bring litigation to stop the fraud, seek monetary damages, or both. For criminal fraud, a person may be prosecuted for the fraud and potentially face fines, incarceration, or both.
Civil law
In common law jurisdictions, as a civil wrong, fraud is a tort While the precise definitions and requirements of proof vary among jurisdictions, the requisite elements of fraud as a tort generally are the intentional misrepresentation or concealment of an important fact upon which the victim is meant to rely, and in fact does rely, to the harm of the victim. Proving fraud in a court of law is often said to be difficult as the intention to defraud is the key element in question. As such, proving fraud comes with a "greater evidentiary burden than other civil claims". This difficulty is exacerbated by the fact that some jurisdictions require the victim to prove fraud by clear and convincing evidence.
The remedies for fraud may include rescission (i.e., reversal) of a fraudulently obtained agreement or transaction, the recovery of a monetary award to compensate for the harm caused, punitive damages to punish or deter the misconduct, and possibly others.
In cases of a fraudulently induced contract, fraud may serve as a defense in a civil action for breach of contract or specific performance of contract. Similarly, fraud may serve as a basis for a court to invoke its equitable jurisdiction.
Discuss the various types of business crimes, a business liability f.pdfgopalk44
Discuss the various types of business crimes, a business liability for crimes committed by a
business and/or its employees, and the application of biblical principles to crime and liabitliy.
Solution
Business crime : is a broad term that include many kind of nonvoilent criminal offences
involving fraud and illegle financial transections. These are various types of business crimes as
follows :
Antitrust Violations: Price fixing, monopolies and other infractions of the Sherman Act and the
Clayton Act
Bank Fraud: Fraud against a banking institution, including check fraud, commercial loan fraud,
check kiting, and mortgage fraud
Bankruptcy Fraud: Individuals or corporations who lie to creditors or bankruptcy officials about
assets or debts
Bribery: Offering money or property with the intention of influencing the behavior of others
Computer/Internet Fraud: Using the Internet or computers to defraud others
Credit Card Fraud: Using someone else’s credit card to purchase goods illegally
Counterfeiting: Copying goods (such as designer merchandise) or money, and passing off the
copies as genuine
Economic Espionage: Stealing or misusing trade secrets
Embezzlement: Using money or goods entrusted to you for your own benefit
Extortion: Taking money from someone through force, coercion or threats
Forgery: Manipulating or changing a written document for monetary gain
Insurance Fraud: Defrauding insurance companies by exaggerating or fabricating claims
Money Laundering: Running money obtained illegally through a legitimate business
Securities Fraud: Can include insider trading and theft through market manipulation
Tax Evasion: Filing inaccurate IRS returns, not reporting income on tax returns, not filing tax
returns.
Business liability for crimes : A corporation can be held liable for the criminal acts of it\'s
employees as long as the employees are acting within the scope of employment and their conduct
benefits the corporation.
corporation cannot be imprisoned or punished like individuals. However, there are ways to
punish a corporation, such as:
Application of biblical principles to crime and liabitliy ::
In biblical system of justice, judges are limited to dealing with the two types of activity.
The most surprising thing is that there are not imprisonment mentioned in biblical principles.
These are punishments according to biblical principles.
1: The thief must pay his victim four times the value of what he has sold. The compensation
beyond the value of what was stolen makes up for the cost of tracking down the thief.
2: People with detective skills could track down criminals on the condition that they only get
paid if they get a conviction. Provided they get a conviction for about half of the crimes they
investigate, they will be able to recover their costs from their clients.
3: If the convicted thief owns property, they would probably need to sell something to make
restitution. If the person does not own property, they would have to find someone, hopefu.
Hard Money Loan Scams - Reviewing The Top Four Types Of Scams In Private LendingMoney 2Conf
What are hard money lending scams and fraud? How can you stay safe from such fake and spammy lenders? This presentation by the Money 2.0 Conference highlights and reviews the arena and offers a few practical safety measures one should embrace while seeking hard money loans.
Property fraud and scams can take various forms in the United Kingdom. Here are some common types:
Identity Theft: Fraudsters may steal someone's identity and use it to sell or mortgage their property without their knowledge. They forge documents and pose as genuine property owner to deceive buyers or lenders.
Title Fraud: This type of fraud involves fraudsters falsifying property documents or altering the title deeds to transfer ownership to themselves or someone else. They may attempt to sell the property or take out a mortgage using the forged documents.
Of all the forms of finance finance crimes discussed, which do you c.pdfaryan041
Of all the forms of finance finance crimes discussed, which do you consider the most serious,
and why? Are there any forms of finance crime that you do not think should be considered a
crime? If so, why?
Solution
Fraud and financial crimes are a form of theft/larceny that occur when a person or entity takes
money or property, or uses them in an illicit manner, with the intent to gain a benefit from it.
These crimes typically involve some form of deceit, subterfuge or the abuse of a position of trust,
which distinguishes them from common theft or robbery. In today\'s complex economy, fraud
and financial crimes can take many forms. The resources below will introduce you to the more
common forms of financial crimes, such as forgery, credit card fraud, embezzlement and money
laundering.« Show Less
Debit/Credit Card Fraud
Debit and credit card fraud also occurs when an individual has an intent to fraudulently obtain
money, goods, or services by using the access card of a cardholder who has not authorized its
use. Common examples of credit or debit card fraud include using someone else\'s credit or debit
card without that person\'s consent, using your own credit or debit card knowing that it has been
revoked or expired or that your available balance is less than the purchase price, and using a
stolen or fraudulent credit or debit card to receive money, goods or services.
Forgery
The crime of forgery occurs when, with the intent to defraud, a person executes, alters or
publishes a writing without the owner\'s knowledge or consent. This can also happen if s/he
fraudulently makes a writing and holds it out to be the work of another. A \"writing\" can include
money, coins, credit cards, checks, bank drafts, stock certificates, bonds, wills and deeds.
Wire Fraud
The crime of wire fraud occurs when someone voluntarily and intentionally uses an interstate
communications device (such as a telephone or the internet) as a part of any scheme to defraud
another of property, or anything else of value. For example, if you try to sell property you do not
own, and in your attempt you use a your smartphone to send an email to someone trying to
convince that person to purchase the land, you commit wire fraud. Wire fraud is a federal crime
with serious potential consequences.
Types of Insurance Fraud
Insurance fraud is stealing. Simply put, insurance fraud is lying for the purpose of getting more
money from an insurance company, whether it is auto insurance, life insurance, or any other kind
of insurance. There are two types of insurance fraud: soft and hard fraud. An example of soft
fraud is getting into a motorcycle accident and claiming your injuries are worse than they really
are for financial gain. An example of hard fraud would be getting into that same motorcycle
accident on purpose so that you can claim the insurance money..
This is who investigates fraud and violations concerning real estate and mortgage in Utah. This course describes the rules and what happens to people who violate the rules set forth by the CFPB. It also includes good information for realtors in Utah so they can better protect their clients.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
2. 4.1 Prosecuting Mortgage & Bank Fraud Scams
Federal Mortgage Fraud Offenses
Falsifying Loan Applications and Appraisals
Anyone who falsifies loan documents or appraisals has violated the provisions
of Title 18, United States Code, Chapter 47, Section 1001, et seq. and could be
prosecuted by the U.S. District Attorney’s Office on behalf of the federal
government.
Anyone making false statements, preparing false documents, forging instruments, or
overvaluing any security, asset, or income for the purpose of obtaining a loan from the
Department of Housing and Urban Development (HUD) or the Federal Housing
Administration (FHA) shall be fined or imprisoned not more than two years, or both. [18
USC §1010].
Mail Fraud and Wire Fraud
Mail fraud and wire fraud are federal crimes.
.
Point 3.
3. 4.1 Prosecuting Mortgage & Bank Fraud Scams
(continued)
Federal Mortgage Fraud Offenses
Mail Fraud and Wire Fraud
Essential Elements of Mail Fraud:
Having devised or intending to devise a scheme to defraud (or to perform specified
fraudulent acts)
Use of the mail for the purpose of executing, or attempting to execute, the scheme (or
specified fraudulent acts)
Essential Elements of Wire Fraud:
Scheme to defraud by means of false pretenses
Defendant's knowing and willful participation in scheme with intent to defraud
Use of interstate wire communications in furtherance of the scheme
4. 4.1 Prosecuting Mortgage & Bank Fraud Scams
(continued)
Federal Mortgage Fraud Offenses
Bank Fraud
Bank fraud is a commonly prosecuted Federal offense because it encompasses
a broad array of conduct.
The term “scheme or artifice to defraud” includes a scheme or artifice to deprive another of
the intangible right of honest services. [18 USC §1346].
Money Laundering
Money laundering is the act of making money that comes from “Source A” look
like it comes from “Source B”.
In practice, criminals are trying to disguise the origins of money obtained
through illegal activities so it looks like it was obtained from legal sources.
Crimes Most Frequently Accompanied By Money Laundering Charges:
Bank fraud, credit card fraud, drug offenses, mortgage fraud, RICO cases, securities fraud,
and tax evasion
5. 4.2 Falsified Loan Applications and Fake Documents
Income and Asset Fraud
Income and/or asset fraud is an intentional misrepresentation of income
and/or assets on a mortgage loan application in order to qualify for a
mortgage. Others lie about the assets that they have available for the
down payment.
Undisclosed Debt Fraud
Undisclosed debt fraud is an intentional failure to disclose debts during the
loan application process. Undisclosed debt is a leading cause of mortgage
fraud.
Occupancy Fraud
Occupancy fraud is a type of mortgage fraud, whereby the borrower lies
about whether or not the home will be owner occupied.
6. 4.2 Falsified Loan Applications and Fake Documents
(continued)
Employment Fraud
Employment fraud occurs when a borrower claims self-employment in a
non-existent company or intentionally misrepresents an employer’s name,
length of employment, position, or related information on a loan
application to provide justification for a fraudulent representation of the
borrower's income.
Identity Fraud
Identity application fraud occurs when an identity is intentionally altered,
created, or stolen to obtain a mortgage.
Property Fraud
Property fraud is the intentional misrepresentation of a property’s value as
higher than or lower than market value to achieve illegitimate profit.
7. 4.3 Mortgage Fraud Rings & Collusion
Illegal Property Flipping
What makes flipping fraudulent is an artificially overinflated sales price.
Flipping occurs when a person buys a property at one price and re-sells it
within a short period at a higher price.
Property flipping is best described as purchasing properties and artificially
inflating the appraised value through false appraisals.
A straw buyer is a person used to buy property in order to conceal the actual owner.
Piggybacking on someone else’s credit means if you have good credit and add an authorized
user to your credit card, the person you add inherits your good credit history and
automatically receives a boost in his or her own credit rating.
Property Flopping
Property flopping involves deflating the value of the property below
market value and selling it to a friendly party, who resells it at a higher
price on the deal.
8. 4.3 Mortgage Fraud Rings & Collusion (continued)
Rigged Foreclosure Bids
Bid rigging is the practice whereby two or more investors decide not to bid
against a designated bidder among them at a public auction so that the
designated bidder buys the foreclosed property at an artificially low price.
Bid rigging violates the Sherman Anti-Trust Act. Conviction carries a
maximum prison term of 10 years and a $1 million fine.
9. 4.4 Phantom Help Scams
Short Sale Scams
Short sale scammers, calling themselves short sale negotiators or short
sale processors, may promise to expedite a short sale for an upfront fee or
for a percentage of the sale price. Charging advance fees is illegal in many
states. Oftentimes, the short sale negotiator takes the fee and does little
or nothing in return.
Loan Modification Scams
There is an abundance of loan modification companies because so many
homeowners are still underwater. These companies often claim to be
affiliated with, or approved by, the government. These scammers say they
will assist delinquent homeowners who are on the verge of losing their
home, by offering to renegotiate the terms of the homeowners' loan with
the lender. The scammers require large fees up-front and often negotiate
unfavorable terms for the clients, or do not negotiate at all.
10. 4.4 Phantom Help Scams (continued)
Mortgage Rescue Scams
The mortgage rescue scam promises to “rescue” homeowners who are
behind on their mortgage payments and facing foreclosure.
Equity Share Scams
The collapse of the housing bubble and the downturn in the economy had
a devastating effect on homeowners who may have found themselves
facing foreclosure. A new “equity share” scam using a Limited Liability
Company (LLC) was introduced as a way to salvage the homeowner’s
property. Of course, the scammers look for less sophisticated or desperate
people, who still inevitably lose their homes.
![4.1 Prosecuting Mortgage & Bank Fraud Scams
Federal Mortgage Fraud Offenses
Falsifying Loan Applications and Appraisals
Anyone who falsifies loan documents or appraisals has violated the provisions
of Title 18, United States Code, Chapter 47, Section 1001, et seq. and could be
prosecuted by the U.S. District Attorney’s Office on behalf of the federal
government.
Anyone making false statements, preparing false documents, forging instruments, or
overvaluing any security, asset, or income for the purpose of obtaining a loan from the
Department of Housing and Urban Development (HUD) or the Federal Housing
Administration (FHA) shall be fined or imprisoned not more than two years, or both. [18
USC §1010].
Mail Fraud and Wire Fraud
Mail fraud and wire fraud are federal crimes.
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