AP Feels Sorry for Mexico Over Drop in 'Money Sent Home' By Returning Illegals

Publius' Forum ^ | 12/08/08 | Warner Todd Huston

[Mobile Vulgus]

I suppose the Associated Press wants us all to feel sorry for Mexico. With so many illegals here either having trouble finding work or actually returning home, Mexico is finding that its citizens illegally in the US have fewer American dollars to send home. AP says the "situation is so serious" that the Mexican government is trying to create new programs to reinforce ties between illegals here and its citizens at home. Of course, no where in AP's story does it seem to occur to anyone that Mexico clean itself up and offer opportunities there as opposed to trying to squeeze money from people here.

The whole story is reported as a legitimate economic issue instead of the thievery by illegals that it really is. The AP sternly informs us that as the "economic crisis worsens" Mexico finds that the money sent home is at "record lows." And we are treated once again to the euphemism for this theft of American dollars that is doled out in every such story. The AP calls this sending of American money back to Mexico a "remittance revenue stream," as if it is some sort of legitimate economic matter. It's a great way to gussie up the word "theft," isn't it?

The truth is that the Mexican government is trying to undermine our nation yet the AP treats this as if it is just an average story.

The AP says the situation is "serious."

Read the rest at Publiusforum.com...

[Mobile Vulgus]

One good thing, many are going back to Mexico because they can't find work here anymore!

[Sacajaweau]

I have a very old book saying we should not let in Chinese immigrants BECAUSE they were sending money back home.

[kabar]

They will be coming back to take advantage of Obama’s promised amnesty.

[Vigilanteman]

Why don’t they look on the bright side? Family reunification in Mexico just in time for the holidays!

[Taichi]

If The One gets his way and does create all those make work projects you can bet they will come streaming back and the Government will be looking the other way.

[ken21]

i don’t think one should gloat in others’ misfortunes.

life is short and unpredictable.

i’ve known many mexicans that are sending money back to their moms.

and they are hard-working, nice people.

should the u.s. government have allowed people to run over the borders in the first place? no.

[Liz]

Guess where this money went?

Husband And Wife Plead Guilty To Massive Florida Straw Buyer Scheme ("God's children" $15M fraud)

FR Posted by Staff Reporter on 06/02/08 at 03:25 AM

Juan and Rachael Torrens pled guilty to conspiracy charges in connection with their participation in a recent multi-million dollar mortgage fraud scheme in South Florida. The defendants acknowledged as part of their guilty plea that their scheme produced over $15,000,000 in fraudulent loans, and resulted in losses of over $5,000,000 to various lenders.

With Juan and Rachael Torrens‘ guilty pleas, 15 of the original 31 defendants charged have pled guilty.

As previously reported by Mortgage Fraud Blog, defendants Juan Torrens, the de facto owner of Amsouth Trust & Investment Corp. (”Amsouth”) and president of Countryside Land & Development, Inc., Rachael Torrens, president of 1st Choice Realty of South Florida, Inc. and de facto owner of First United Mortgage USA Corp., Daniel Ramos, Alfonso A. Muxo, a State of Florida certified real estate appraiser and owner of Palm Bay Real Estate Appraisals, Inc., and Katherine Harris, former president and part owner of Floridian Home Title Corporation, were charged with conspiracy to commit wire fraud and/or wire fraud for their participation in this massive mortgage fraud scheme.

The scheme involved fraudulent mortgage loans obtained for the purchase of 28 properties located in Miami-Dade and Broward Counties, Florida, and in the City of Marco Island. All except Katherine Harris have already pled guilty, and are awaiting sentence.

The Indictment also charges defendants Mario E. Diaz, Aurelio Pozo, Oscar Barreiro, Lellany Rordriguez, Jose Asensi, Carlos Morales, Damaris Jimenez, Lizabeth Perez, Mario Blanco, Rene Rodriguez, Tamaris Angulo, Alicia Loaiza, Ester Crespo, Jesus Enrique Guevara, Janette Lugo, Priscilla Fleitas, Erick Clavijo, Luis DeJesus Planas, Moises Llorens, Milva Roque, Aurora Ramentol, Gladys Lens, Nancy Fundora, Yanny Cruz Pavon, Roger Rosario and Jacqueline Perez-Castillo ("the straw buyer defendants") with wire fraud for their participation in this mortgage fraud scheme.

To date, guilty pleas have been entered by defendants Aurelio Pozo, Oscar Barreiro, Carlos Morales, Damaris Jimenez, Mario Blanco, Jesus Enrique Guevara, Janette Lugo, Priscilla Fleitas, Moises Llorens, Gladys Lens, and Roger Rosario.

According to the Indictment, Juan Torrens would identify sellers of residential properties who were willing to overstate the true selling price of their properties. Daniel Ramos and Juan Torrens would then recruit and pay the straw buyer defendants to pose as buyers and ostensibly participate in the purchase of the selected properties.

Defendants Rachael Torrens and Juan Torrens would prepare fraudulent mortgage loan applications for the straw purchasers that included false employment verifications, pay stubs, income and funds on deposit, and IRS Forms W-2.

Thereafter, to support the overstated sales prices on the properties and the fraudulent mortgage applications, defendant Alonso A. Muxo would prepare fraudulent appraisals attesting to the inflated property values dictated by Juan Torrens. Roger Rosario, an employee of Regions Bank, assisted the fraud by providing, on at least one occasion, a fraudulent verification of deposit in connection with a mortgage loan application for one of the straw buyer defendants.

To effectuate the scheme, defendants Juan Torrens and Rachael Torrens, together with the straw buyer defendants, would create and submit to the banks and lending institutions HUD-Settlement Statement Forms, also known as HUD-1s, which falsely stated that the straw buyers brought their own funds to the closings.

Once the mortgage applications were approved, the lenders would wire the loan proceeds to the title company, Floridian Home Title, for closing.

At closing, Amsouth, a company owned and controlled by Juan Torrens, would receive a credit for the difference between the inflated price and the actual selling price of the property. Defendants Juan and Rachael Torrens would make the payments on the mortgage loans to maintain the loans afloat until the properties could be resold again, often to another straw buyer.

When the Torrenses failed to make payments on the loans, some properties went into foreclosure, resulting in substantial losses to the lending institutions.

SOURCE http://www.mortgagefraudblog.com/index.php/weblog/comments/husband_and_wife_plead_guilty_to_massive_florida_straw_buyer_scheme/

===========================================

And this.

Pres-elect Obama, lawyer for community organizers--ACORN-- was party to battering banks with lawsuits, forcing bank loans to marginal people. Food stamps were deemed an income gauge in some cases. Millions of illegal aliens got mortgages with no proof of income or citizenship. They were never asked for proof of employment, pay stubs, etc. As long as they had a pulse, and could write the name of one of their stolen identities, they got a mortgage.

Illegal con artists promptly flipped the homes among family members for ever-higher prices and mortgages(duping banks at every turn). With enough stolen money to retire in luxury, the last illegal mortgage-holder defaulted and absconded to Mexico leaving banks (and taxpayers) holding the bag. Screwing Americans gets a lotta laughts over tequila shots in downtown Tiujana.

Stupid politicians aided and abetted illegal invasions, copping out of responsibility, figuring US taxpayers would pay the bills. Obama and ACORN made sure illegal criminals got loans. So let's all thank Pres Obama for all the toxic mortgages that led to the Wall Street meltdown--and the neverending billion dollar bailouts (/s).

[Liz]

The truth is that the Mexican government is trying to undermine our nation yet the AP treats this as if it is just an average story.

Juan Hernandez, McC's Hispanic Outreach man told Cong Tancredo: " By populating the United States with millions of Hispanics who are tied economically, politically and linguistically to Mexico, we are able to exert enormous influence and pressure on U.S. policy and its dealings with Mexico."

The US has been literally invaded and is being occupied by foreign governments.

Thanks to suckup politicians, we are subsidizing our own destruction. Vote-crazed pols are mesmerized by the (fraudulent) voting numbers being tossed around....... their gonads are being squeezed by propaganda emanating from south of the border.

============================================

Third World hellholes are salivating, lying in wait to corrupt US justice and undermine US national security. They are moving reconquista forward inch by inch. Third World peasants are marched over the border to begin the process-----subsidized by US taxpayers.

Once they squat here, the illiterates cop an arrogant sense of entitlement---like America owes them a living. They violate our borders, invade our cities, towns and suburbs, establish multiple identities with several stolen SS nos, and ride the US gravy train for all its worth.

As Freeper raybbr insightfully posted: the invaders feel entitled to participate in our government, our security, our prosperity, our legislative process, and our thriving society.

About time to show these Third World Wonders the way to go home.

[Liz]

With so many illegals here either having trouble finding work or actually returning home, Mexico is finding that its citizens illegally in the US have fewer American dollars to send home. AP says the "situation is so serious" that the Mexican government is trying to create new programs to reinforce ties between illegals here and its citizens at home.

[newheart]

" Mexico finds that the money sent home is at "record lows."

And in related news Mexican officials will be traveling to Washington, DC, to seek a bailout.

[KarlInOhio]

Well, at least Mexico has its oil revenues to fall back on....[snicker, snicker, bwahahahahaahaha!]

Seriously though, with a reduction in money coming in from illegals and in oil money, things could get very ugly in Mexico. Don't be surprised if it starts acting as crazy as a cornered rabid rat.

[jalisco555]

i don’t think one should gloat in others’ misfortunes. life is short and unpredictable. i’ve known many mexicans that are sending money back to their moms. and they are hard-working, nice people. should the u.s. government have allowed people to run over the borders in the first place? no.

My wife is a legal Mexican immigrant. We send money every month to her family. It really helps. Plus, money like this encourages people to stay home and not try to come here illegally. It's also the best form of foreign aid because it directly reaches people in need, instead of being filtered through aid agencies and often corrupt governments.

[raybbr]

i’ve known many mexicans that are sending money back to their moms.

Yeah, that's what they tell you.

and they are hard-working, nice people.

Only a small percentage. The illegals are scum that should be shipped back as quickly as possible.

[Red_Devil 232]

They would have been retuning for the hollidays anyway! Ever worked around or with them? I have (not by my own choice by the way). Our illegals started leaving the job in late November and came back in mid January!

I left that particular employer post haste after I learned they were hiring illegals right off the streets. If the illegal did not have a Soc. Card and number they told them to come back tomorrow with one. They did and they would be hired. This was in the mid 90's.

[rahbert]

I’ve lived in CA, NM, and TX. Like it or not, illegals
are part of the economy. And yes, most are hard working
nice people. Some are no good, a label that fits a
number of native born white folk as well.

I rather see Mexicans here doing those jobs than Somalis or
Pakistanis..

[gubamyster]

ping

[NewRomeTacitus]

Lordy - so the British Special Forces’ motto is true after all: “Those Who Dare - Win”.

I have a lot of ingrained morality to get rid of so as to take advantage of this trend...especially with an Administration coming in to promote the entropy.