The Real Deal Miami

Mortgage fraud investigations up

March 23, 2009 07:50AM

The Federal Bureau of Investigation recently announced the number of open mortgage fraud investigations was more than 1,600 at the end of 2008, compared to 881 investigations two years earlier. The bureau is recruiting people to help with the investigations, including those with experience in computer science and accounting. Experts say that in addition to people with backgrounds in forensic accounting, internal audit and law enforcement, examiners are often finance executives, paralegals, librarians and former journalists. “What you need is an uncanny ability to get people to talk,” said Jules Kroll, founder of the security consulting firm Kroll Inc. According to the Association of Certified Fraud Examiners, the number
of certified examiners is up 10 percent compared to last year, and
examiners’ median income was just over $90,000 per year in 2008.