Unexpected

"Nothing evades our attention as persistently as that which we take for granted...that state and federally chartered banks in all fifty states couldn’t intentionally commit fraud for decades without being detected or prosecuted by either their victims, state or federal regulatory/law enforcement authorities."  Leon L. Morris

Bank Fraud

Fraud is defined as the intentional, false representation or concealment of a material fact for the purpose of inducing another to act upon it to his or her injury.

• Thousands of banks operate in the U.S.A
• Hundreds of banks operate in Most States 
• Dozens of banks operate in the largest Metro Areas
• Banks have been able to engage in fraud for years with little regard for banking...
  • Location
  • Image
  • Size
  • Type
  • State or Federal regulations or laws
• "The Red Report List, When Banks Don't Compete- The Case of The Mortgage Calculator" lists hundreds of banks that don't compete in a very critical financial services area.

Business Practices & Occupational Fraud

Do we take it for granted that:

• Banks and others couldn't get away with causing financial injury to consumers for decades?
• Consumers can trust the advice or counsel they get from their banker?
• Consumers can easily avoid fraud by hundreds of banks?
• State & federal regulators would detect intentional and ongoing fraud by hundreds of banks?
• State and federally chartered banks and others compete with one another?
• A banks customers, clients and victims would detect bank fraud?    

 Anti-Fraud Commitment

• Consumers,
• Financial Services Professional Practitioners,
• Financial Services Firms - including banks 
• Public Service Organizations, 
• Profit & Non-profit entities,
• Educational entities, 
• State and Federal Government agencies, and others where expected to care about efforts to detect, deter, expose, and stop banks and others from engaging in fraud.