If you actually spend time reading, you'll see that they constructed an alternate mortgage registry that has lower transaction costs that the existing system, but violates (and fundamentally subverts) the law of the land, the tax code, and thus also defrauded investors because when (assuming it does) the IRS and the counties ask everyone to make things right, the investors are going to be the ones holding the bag.
And that's just one relatively minor aspect of the mortgage business. Everywhere you look, there's significant violations of laws (robosigning, co-mingling of assets) with essentially NO law enforcement interest in finding the responsible parties.
> might be technically illegal. Lets get em!
"Technically" illegal? At the very least, they defrauded counties on registration fees (adding up to a few hundred of millions, perhaps billions).
And that's just one relatively minor aspect of the mortgage business. Everywhere you look, there's significant violations of laws (robosigning, co-mingling of assets) with essentially NO law enforcement interest in finding the responsible parties.
> might be technically illegal. Lets get em!
"Technically" illegal? At the very least, they defrauded counties on registration fees (adding up to a few hundred of millions, perhaps billions).