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Tuesday, February 15, 2011

"The king of home equity fraud," Luke O'Brien

Fortune has a profile of a consummate scam artist, Tobechi Onwuhara, who gathered readily available information online and then used social engineering to access wealthy homeowners' home-equity lines of credit. He garnered an incredible fortune in a relatively short amount of time, all while spending like a drunken sailor on shore leave. If he hadn't hit the wrong mark, an ex-Treasury agent who knew whom to call when he found his line of credit drained, Onwuhara might still be at it. As it is, the scammer is still at large because his loyal crew warned him that the FBI was on his trail just before they were arrested.

(Thanks to Longreads for the link.)

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