Answer: Not if you quickly go to the person who found out, and cause their immediate demise, eliminating them as a possible witness. ("Not!")
The better answer: "Can I get in trouble?" Absolutely! You may be calling your family from the Bureau of Prisons, if the U.S. Marshals will let you use the phone. Exaggerating income and lying about anything on a mortgage/credit card/bank loan application is fraud, and you may not know that "bank fraud" and "mortgage fraud" are both federal felonies!
And if you used the phone, fax machine or email to correspond with the involved loan officials - and perhaps the U.S. mail too, they can add two more federal felonies to your indictment, "wire fraud" and "mail fraud!" And if you then deposit the loan money into a bank account - any kind of account, you are then looking at "money laundering!" It's almost hard not to commit "money laundering" today, and sadly, most people have no clue how easy it would be for the feds to indict them overnight. This is one reason that the United States leads the world in prison population - while Florida leads the United States in per capita prison population.
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