CBC News - Calgary - Bank of Montreal alleges huge mortgage fraud
via Canadian Taxpayers Fight Back via Red Forneri: With the aid of an incorrectly programmed computer program used to provide grossly inflated appraisals for houses an alleged $ 70 million was defrauded from the Bank of Montreal, by a group of 100 people, including lawyers, phony home buy...ers, bank employees etc. and then s...ent offshore.
http://www.cbc.ca.../canada/calgary/story/2010/05/04/mortgage-fraud-bank.html
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