What does the 2008 Kollakis Commercial Mortgage Fraud tell Investors About the need for Due Diligence in Real Estate?

The director of Guildhawk explains why citizens, commercial real estate, and commercial mortgage-backed securities investors need to conduct due diligence.

Commercial real estate investors can avoid being scammed or sold by doing a few simple checks, such as: B. Know the history of the realtor and the beneficial ownership of the property. “

– David Clarke, Head of Multilingual Due Diligence Services

LONDON, UNITED KINGDOM, December 18, 2020 /EINPresswire.com/ – What Does Kollakis’ Super Size Pre-2008 Commercial Real Estate Scam Tell Us About Today’s Need To Use AI And People Analytics To Get Translated And Variations Of Names Of to check people and businesses – preferably before handing over money?

The story of two little scammers who became Britain’s top hit tricksters is classic Ealing comedy material. The cockiness of crooks Stephan Kollakis and Martin Lewis was only eclipsed by the arrogance of those who funded them and turned a blind eye to large red warning signs.

In the face of a financial crisis linked to the COVID-19 pandemic, commercial property investors and those seeking out loans, grants or citizenship during these troubled times should use the fraud prevention tips from David Clarke, former London City Police chief, Fraud Squad and now a director of Guildhawk.

Adam Bradshaw
Guildhawk
+44 20 7397 2772
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Protecting the Nation from Financial Crime

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December 18, 2020, 10:48 GMT


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