7 loan officers arrested for fraud in Bellevue

Yesterday, 7 loan officers were arrested in Bellevue for committing loan fraud. Supposively, they made fradulent loans on properties that were not worth as much as they lended. Loan officers benefitted from the difference and bought more homes and condos, Lamborghinis, BMWs, Lexus, and Range Rover that were all confiscated. It is no doubt that these loan officers were doing shady business, but I am not too sure if they allegedly committed loan fraud. It remains to be seen if they will be found guilty of the charges. I know another man who has been in prison for supposive loan fraud, where noone was harmed, not even banks, and there was no alleged crime committed. Our state prosecutor was just stupid jerk, who decided to convict this man just on the basis that over a million dollars had been spent on investigation and it would not look good if they did not sentence anyone to prison time. In the end, the man who has been helping people buy and sell homes spent 13 months in prison. This is an example of state abusing their powers. Regarding the 7 loan officers, it remains to be seen if they are found guilty of committing fraud. All I know is that this case will make it hard for honest russian speaking people do business for a while. Another thing is clear is that this case tarnished the reputation of Slavic churches in Puget Sound, since some of these people go to russian churches. The moral of the story is that we need to be less selfish in our actions and be mindful of others. More information will follow.

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