CNBC has a pretty interesting series called American Greed, during which they detail legendary white collar crimes and how they were planned and carried out. Tonight (Wednesday, Jan 7th, 2008) at 9:00 pm American Greed covers the story of Matt Cox, Rebecca Hauck, and Alison Arnold, who engineered a classic mortgage scam that took advantage of the delay between funding and recording of mortgage transactions.
Ringleader Matt Cox made off with around $12 million and, in a telephone interview with CNBC, explains the details of his crime.
Check out CNBCs American Greed site here. Their site lists showtime at 9p | 1a ET, but I’m on the east coast and my guide has it listed at 10:00pm, so you may want to set your DVR so you don’t miss it, or check your guide.
Mat Cox - Mortgage Broker & Ringleader
Alison Arnold - The Ex-Girlfriend
Rebecca Hauck - Partner-in-crime
Popularity: 16% [?]
2 responses so far ↓
1 cs // Jan 7, 2009 at 12:11 pm
Hi –
just confirming to you that american greed is on tonight at 9p eastern. the listing that says 10p eastern is incorrect. the show will be repeated on Sunday at 11p eastern.
2 Patricia Warmhold // Jan 24, 2010 at 10:46 pm
This man is the reproduction of the mortgage broker who falsified my mortgage application and lied to the banks in roder to lead to default on my mortgage- Right in front of my own attorney he lied to me and never gave COUNTRYWIDE my financial application showing them that I only qualified for a REVERSE MORTGAGE and not a comventional (sub-prime-stated- no doc- adjustable: 8.50 to balloon to 11.5% up to 15% – stated option- they did it to me!!!) my W-2 showed exactly what I made but this broker gave me a mortgage to be 83% of my income- AFTER I SIGNED THE APPLICATION HE WHITED OUT THE ENTIRE INFORMATION I GAVE HIM AND PUT HIS OWN LIES- HE TOLD THE LENDING INSTITUTION (COUNTRYWIDE/BANKAMERICA) THAT I MADE $8.527.00 A MONTH WHEN IN REALITY I ONLY MADE $1,600.00 he inflated my house appraisal to $300,000.00 more – my house was worth $312,000 but he lied and told them it was worth $512,000.00 – HE LIED – after I signe the papers – you can see exactly how he whited out the original lines and re-traced it all after all- the zig zag of the retracing is obvious- my own attorney stated in a letter that this man did indeed whited out my original application AFTER I SIGNED THE APPLICATION- SHE WAS RIGHT THERE AT THE SIGNING – SHE WOULD LHAVE NEVER ALLOWED ME TO SIGN SUCH FRAUD- I HAVE HER LETTER-
THIS MAN IS CALLED MICHAEL PATRICK ZAGARINO- his company: PRUDENTIAL MORTGAGE, 100 Old Country rd., Plainview NY 11803-
HE HAS BEEN LYING AND FALSIFYING APPLICATION OF MINORITY DISABLED SENIORS FOR OVER 20 YEARS- HE FOCUSSES ON MINORITY DISABLED SENIORS – ALONE- WITHOUT HUSBAND- NO WITNESS- EASY TARGETS-
TODAY IM ON THE VERGE OF DISASTER, STRUGGLING WITH A MORTGAGE UP TO 83% OF MY INCOME- UNABLE TO EVEN PAY MY CAR PAYMENT- IM A 68 YR OLD DISABLED MNOR SENIOR WHO’S BEEN SCREWED BY SUCH A CALCULATED TWISTED, DEVIOUS MORTGAGE BROKER
THERE ARE TONS OF US TO WHOM HE DID THE SAME THING TO-FOR 20 YEARRS…
I WILL SEND YOU ALL THE PROOFS YOU NEED- what is your address so I can prepare a package for you?
THANK YOU SINCERELY
PATRICIA WARMHOLD
pd15@optonline.net
516-495-4556
pd15@optonline.net
PATRICIA WARM
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