Note: Even though the following post is out-of-state, it shows more dark days ahead for home owners and other consumers.
Due to a combined lack of funding and understaffing, the Minnesota Financial Crimes Task Force has decided to no longer investigate mortgage fraud cases. Cases, if they are to be investigated, will fall on the shoulders of federal authorities in the Twin Cities area, including the FBI and prosecutors in the U.S. Attorney’s Office.
Financial crimes such as mortgage and real estate fraud are often very time-consuming. According to Chris Omodt, a Hennepin County Sheriff’s lieutenant who heads the task force, such crimes will go unchecked. Instead, they will focus on the group’s original mission of chasing down identity thieves, check and credit card fraud.
Mike Siitari, Edina police chief and oversight council chairman for the task force states:
“We don’t have the staff or funding to address it. “We have hundreds of cases of backlog.”
Note: if an agency stops investigating a crime, it no longer exists. This is great news for white-collar criminals – nobody is watching!
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