collateral fraud

Also found in: Thesaurus.
Related to collateral fraud: fraudulently, defrauded
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.collateral fraud - fraud that prevents a party from knowing their rights or from having a fair opportunity of presenting them at trial
fraud - intentional deception resulting in injury to another person
Mentioned in ?
References in periodicals archive ?
The bank, in turn, has blamed two lawyers from the Mitchell Williams Selig Gates & Woodyard firm for facilitating the collateral fraud by allowing Standridge to "double-pledge" $4 million worth of First Service certificates of deposit.
Future versions of the program will integrate more services into the Total Quality Loan program, including a credit and collateral fraud prevention service powered by CoreLogic.
LoanIQ identifies collateral fraud, considered the mortgage industry's most harmful type of fraud, and enables clients to proactively target loans that warrant additional review or investigation.

Full browser ?