Massive fraud were committed in the real estate industry during the boom, but very few went to jail. There were a lot of stories how real estate agents, brokers, lenders falsifies documents to get loans, etc. Overall, very few people got prosecuted and went to jail.
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#1 by raviet31 on September 18th, 2009
We are just at the very tip of the iceberg when it comes to prosecutions. It takes years before people are brought to justice on financial crimes.
#2 by I ♥ txmuzk on September 18th, 2009
yes but if they were regulated like they should have been they would have lost their license and ultimately been out of the real estate field
#3 by natasha p on September 18th, 2009
like for example?? what are you talking about? do you know any particular case?