White Collar S and M Swindlers

Image from a Black and Blue Flyer

Image from a Black and Blue Flier

Strange ,Bizarre but so New York, the New York Daily News http://www.nydailynews.com/money/2009/03/26/2009-03-26_soho_sm_club_owners_donald_macpherson_an-1.html is reporting that an  S and M club in N.Y.C. utilized it’s  S and M customers ( data base)  to obtain phony mortgages in another housing fraud incident. They ran an event called the black and blue ball ( http://theblackandblueball.com/bbbindex.php/bbb/index/ )

Fraud is a large portion of the current ” toxic assets” that the Obama administration is dealing with, but did not occur during their administration.  For information on mortgage fraud see http://www.mortgagefraud.org/

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