**FRAUD ALERT**
By Wendy
@jerzgirl (9226)
United States
January 28, 2021 6:17pm CST
I've learned since posting this that this was all fabrication. Basically, he committed fraud in order to brag about committing fraud. He definitely needs a smack down.
Kids can do stupid things, even when those kids are 22. This kid fooled a bank into thinking he was his parents and took out a mortgage on his parents house for $70,000! He then bought two stocks with all of it. GameStop and AMC. [/i]
He admitted that he used Zoom to get the mortgage, but he only used audio. The bank couldn't see who they were dealing with. Not only that, he didn't tell his parents, either. Now all h3ll is breaking with the stock market and he says he's terrified. Well, duh!!
He pretended to be someone else to take out a mortgage on property he didn't own potentially costing his parents their home. That's fraud! It might even be considered theft.
His reasoning behind his actions? "You only live once."
If his parents don't lose their home, I highly doubt he'll ever inherit it.
https://www.https//nypost.com/2021/01/28/22-year-old-risked-parents-mortgage-on-gamestop-you-only-live-once/?utm_campaign=iphone_nyp&utm_source=Slack
6 people like this
7 responses
@rebelann (111090)
• El Paso, Texas
29 Jan 21
I'm surprised the bank wasn't more vigilant about getting proof of identity.
I wasn't able to access the link you posted but I did find this one:
Jack West guess all of it when he took out a second mortgage from his mother and father’ to put money into GameStop and AMC shares. The subsequent day, the 22-year-old Indiana native almost lost all of it after Robinhood — the buying and selling app meant
3 people like this
@RasmaSandra (73241)
• Daytona Beach, Florida
29 Jan 21
If I was one of his parents I would disinherit him and tell him he is no longer my son until he proves he is worthy of the title son and I would also ask him to give me back the money,
3 people like this
@hereandthere (45651)
• Philippines
29 Jan 21
there have been cases of children doing that, not knowing there's real money involved when they used their parents phones for games, etc. but at 22, it's inexcusable.
2 people like this
@Deepizzaguy (94320)
• Lake Charles, Louisiana
29 Jan 21
Some people do not realize that committing a crime like that 22 year old did can send him to a long prison sentence and endure the wrath of his parents.
2 people like this
@Deepizzaguy (94320)
• Lake Charles, Louisiana
29 Jan 21
@jerzgirl You are right since the saying is "For the love of money is the root of all evil." Stealing money does not make anyone happy for long.
1 person likes this
@jerzgirl (9226)
• United States
30 Jan 21
@Deepizzaguy True. Not the money itself, but the love of it, especially at the expense of all else.
1 person likes this
@JimBo452020 (42629)
• United Kingdom
29 Jan 21
He should be jailed.
Anyone else would be.
2 people like this
