{"id":601,"date":"2018-12-05T13:18:43","date_gmt":"2018-12-05T13:18:43","guid":{"rendered":"https:\/\/crigroup.com\/?post_type=industry&p=601"},"modified":"2022-07-26T13:21:55","modified_gmt":"2022-07-26T13:21:55","slug":"property-industry","status":"publish","type":"industry","link":"https:\/\/crigroup.com\/ar\/industry\/property-industry\/","title":{"rendered":"Property"},"content":{"rendered":"

The property industry involves real estate (including land and buildings\/structures) and other tangible properties, and can also include mineral rights and other resources. Unfortunately, for as long as there has been a market for buying and selling land, property, and resources, there have been schemes that aim to defraud. <\/span><\/p>\n

According to the law society there are eight types of property fraud<\/a> on the rise:\u00a0Identity theft and impersonation; Buyers; Sellers; Lenders; Conveyancers;\u00a0Companies;\u00a0\u00a0Title fraud and registration fraud; and\u00a0Mortgage fraud.\u00a0<\/span><\/p>\n

Some of the schemes even have colourful names: \u201cchunking,\u201d \u201cbuilder bailout,\u201d \u201cphantom sale\u201d \u2013 yet all are illegal and harmful to unwitting victims, which can include individuals and families, banks, holding companies, investors groups, and others.<\/span><\/p>\n

Property industry fraud can be very convincing because perpetrators will often produce fake or forged documents, and will sometimes work in collaboration with other fraudsters. For example, a crooked investor might provide kickbacks to an appraiser in return for inflating the value of a property, or he\/she may sell a property to a \u201cstraw buyer\u201d at an inflated price, with the straw buyer intentionally going into default (and splitting the proceeds of the loan with the fraudulent investor). There are many more scams, and all of them look for vulnerabilities among buyers and sellers alike.<\/span><\/p>\n

CRI Group\u2019s team of experts, including Certified Fraud Examiners (CFEs), works with property groups and companies dealing in real estate to uncover red flags of fraud. Our agents will help assess a transaction before it takes place, and can implement asset recovery solutions in the case where fraud has already occurred. This extra level of protection is crucial for any organisation conducting real estate transactions.<\/span><\/p>\n

From\u00a0Risk Management<\/a>,\u00a0Employee Background Screening<\/a>,\u00a0Business Intelligence<\/a>,\u00a0Due Diligence<\/a>,\u00a0Compliance Solutions<\/a>\u00a0and other professional\u00a0Investigative Research<\/a>\u00a0solutions at CRI Group we can help you!\u00a0 Learn more about\u00a0our solutions<\/a>\u00a0and\u00a0contact us today.<\/a><\/span><\/p>\n

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LET’S TALK<\/span><\/a><\/p>\n","protected":false},"featured_media":12417,"template":"","categories":[50],"tags":[],"class_list":["post-601","industry","type-industry","status-publish","has-post-thumbnail","hentry","category-property"],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\t\n