Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Fraud 'mule' in finance role

August 23, 2011
Total Loss: $1.8 Million

A con artist who tricked banks in a $1.8 million mortgage scam worked in the finance department of a company whose bosses had no idea of her convictions.

Nicole Margaret Jones is employed as a debt collector in the Auckland office of SmartPay Cadmus, a company that sells and operates Eftpos terminals and relies on its relationship with the banking sector.

Source: New Zealand Herald
Posted in: New Account Fraud
Tags: mortgage fraud