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Law

NC Gets Federal Funding to Fight Mortgage Fraud

The fight against mortgage fraud and other financial crimes just got a little easier in North Carolina – thanks to a new Financial Crimes Initiative.

Ben David is the District Attorney for New Hanover and Pender counties and heads the state conference of D-As. He says the rise in mortgage fraud and other scams is what helped North Carolina get funding for a Financial Crimes Initiative.

Ben David:  "And that’s in part because criminals often see these crimes as low risk and high reward.   You can steal more money with the click of a mouse button or with a pen and a checkbook than you can frequently with a gun and a ski mask."

The National Mortgage Settlement is paying for the new initiative.  David says the money will be used to hire a White Collar Crime Resource Prosecutor, regional prosecutors and other experts to aggressively investigate, prosecute and recover stolen dollars.

Leoneda Inge is WUNC’s race and southern culture reporter, the first public radio journalist in the South to hold such a position. She also is co-host of the podcast Tested and host of the special podcast series, PAULI. Leoneda is the recipient of numerous awards from AP, RTDNA and NABJ. She’s been a reporting fellow in Berlin and Tokyo. You can follow her on Twitter @LeonedaInge.
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