‘Anytime you lie to the bank you’ve committed fraud. There’s no gray area; you’re either lying in some capacity or you’re not.’ – Matthew Cox
Matthew Cox, a former con man who served 13 years in federal prison for bank fraud, mortgage fraud, and identity theft, delves into his journey from committing multi-million dollar frauds to becoming a true crime expert.
He provides an in-depth look at the mechanics of his fraudulent activities, the motivations behind them, and the lessons he learned.
Table of Contents
- Origins of Fraudulent Behavior
- Fear as a Motivating Factor
- Leveraging Natural Skills
- Creation of Synthetic Identities
- Understanding Detection Methods
- Ethical Dilemmas Behind Actions
- Manipulation of Social Security Numbers
- Forgery of Birth Certificates
- Building Credit Using Synthetic Identities
- Exploitation of Financial Systems
- Inflation of Property Values
- Creating Fake Comparable Sales
Origins of Fraudulent Behavior
Cox’s descent into fraudulent activities began innocuously enough with a minor alteration on a client’s document while working as a broker.
This seemingly insignificant act set him on a path that would eventually lead to large-scale fraud involving millions of dollars.
Fear as a Motivating Factor
The fear of losing his job and not being able to pay his debts was one of the primary driving forces behind Cox’s initial engagement in fraudulent activities.
This fear was more potent than the potential legal consequences of breaking the law.