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Browse Archive GIT Fraud in the US Real Estate Sector: Helping Inflate the Bubble- July 2008
Browse Archive GIT Fraud in the US Real Estate Sector: Helping Inflate the Bubble- July 2008 | Fraud in the US Real Estate Sector: Helping Inflate the Bubble- July 2008 |
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During recent months, the real estate sector has slid into decline as the speculative bubble that ran wild in the past few years has punctured. Fraudulent activity in the real estate sector in recent years helped fuel the bubble, and is making adjustment all the more painful. The result is unpaid debts that must be foreclosed by the financial and banking institutions, which have granted millions of dollars in loans to bankrupt individuals. In some states, particularly Florida, this process was accompanied by an inflow of capital from Latin American countries with high political and economic instability in search of safe investments. | < Prev | Next > |
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Kroll commissioned the Economist Intelligence Unit to conduct a worldwide survey on fraud and its effect on business in 2008.
Kroll's Global Fraud Report brings together these survey results with the experience and expertise of Kroll and a selection of its affiliates. more