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destinationlalaland t1_iscdu31 wrote

Reply to comment by theprofessor24 in Real Estate Agents Caught on Camera Facilitating Mortgage Fraud for a Fee by Puzzleheaded-Bug7189

That doesn’t really pass a sniff test to me. Seems like something that you should have got advice on from your accountant, if you want to avoid personal income taxes, there’s a consequence. Your scenario reads to me as “I want to have my cake and eat it.” These systems are in place for a reason, and fraud is fraud.

If you have sufficient wealth - and a bank won’t take you, you may need to find an alternative lender - not commit fraud.

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theprofessor24 t1_iscf78j wrote

Well unfortunately in today's society it seems the only real way to get ahead is to do things like this. It is absolutely a "Have cake and eat it to" scenario. I'm not advocating for any of this, but I understand where it comes from.

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destinationlalaland t1_ischmf2 wrote

Have we got problems in society and as a nation? Absolutely. Loads of them. But when a plurality of society abandons the rule of law to get ahead, you start on the road to being a failed state.

Your “legitimate use case” will work equally as well for money laundering and bad actors.

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