Tuesday, February 20, 2007

City enlists investigator to tackle fraud claims

City enlists investigator to tackle fraud claims - The Clarion-Ledger: "Jim King says, that like many people, he didn't know much about mortgage fraud three months ago.

Now King specializes in mortgage fraud as an investigator with the Madison Police Department. King also is the only local officer on a state task force that aims to combat mortgage fraud and educate the public.

'In the last three months we've handled probably 30 to 40 cases,' King said. 'We've had several indictments and more are coming.'

The one-time Jackson police officer had handled white collar crime in the forgery and fraud division, but he was new to this growing type of fraud.

Madison County, and especially the city of Madison, have recently seen a surge in mortgage fraud.

Mayor Mary Hawkins Butler said she saw a need for a special agent dedicated to investigating those cases. She asked Police Chief Gene Waldrop about it, and that led to King's hiring."

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