Consumer complaint received 2022-07-15
Product: Mortgage — Reverse mortgage
Issue: Closing on a mortgage — 
Company: AMERICAN ADVISORS GROUP (NY)

This Reverse Morgtage loan # XXXX is an INDISPUTABLE FRAUD and is currently under criminal investigation by various law enforcement agencies. AAG is undeniably complicit in this fraud committed against my XXXX XXXX XXXX Dad. Someone from AAG along with XXXX XXXX XXXX XXXX XXXX did steal the nearly {$80000.00} proceeds from this fraudulent loan # XXXX and AAG has continued the Fraud by attempting to foreclose on my Property ( thereby stealing it ) at XXXX XXXX XXXX XXXX XXXX XXXX XXXX for the past 2 1/2 years causing my permanently XXXX and XXXXXXXXXXXX XXXX XXXX XXXX XXXX XXXX   and XXXX XXXX pain. XXXX XXXX is currently under indictment for XXXX counts of felony Forgery and XXXX Felony counts of Notary fraud .Bank and wire fraud charges that I have provided to law enforcement against AAG and XXXX XXXX are under investigation at the time of this writing. Hopefully Indictments are soon forthcoming. As per the AAG provided Loan Closing Documents AAG accepted a fake EXPIRED BY ONE YEAR drivers license as proof of ID for this loan. I have investigated and the required HECM counseling session to begin the Reverse Mortgage loan process was NOT completed by my Dad. The company who actually conducted the Counseling session and provided the HECM Certificate of completion explained to me that the process is done via E-mail and telephone interview. At XXXX XXXX my Dad had no online presence and the Email and telephone number used to obtain the required HECM Counseling session Certificate for this loan belongs to XXXX XXXX XXXX 

Evidence of Fraud Committed by AAG & XXXX XXXX against XXXX & XXXX XXXX : Summary : XXXX ) On XX/XX/XXXX XXXX XXXX of XXXX XXXX XXXX XXXX XXXX ( allegedly ) entered into a Reverse Mortgage loan with the American Advisors Group ( AAG ). In the Closing Documents under 'BORROWERS INFORMATION ' there is a XXXX XXXX XXXX listed as 'Alternative Contact. ' The Loan Closing Documents show an EXPIRED BY ONE YEAR fake drivers license was utilized as proof of ID for this loan. The picture on this fake license IS NOT my DAD. Additionally the AAG Loan Originator ( who must be complicit in this theft and fraud ) also signed off twice that my Dads race on the Closing Documents is XXXX XXXX. ' My Dad is obviously XXXX XXXX. 

XXXX ) On XX/XX/XXXX XXXX days after mortgage closing XXXX wire transfers were initiated from my Dad XXXX XXXX XXXX XXXX XXXXXXXX account # XXXX XXXX XXXX. The first wire transfer was a Deposit of {$45000.00} from XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX  ) into the account. That same day a wire transfer for {$45000.00} was transferred into XXXX XXXX XXXX, a fraudulent account set up by XXXX XXXX aka XXXX XXXX, aka XXXX XXXX XXXX 
B ) Prior to this transfer of funds the longtime Bank XXXX XXXX account # XXXX XXXX XXXX XXXX XXXX XXXX XXXX, the mailing address had been faudulently changed from his real home address of XXXX XXXX XXXX XXXX XXXX to XXXX XXXX XXXX XXXX, XXXX XXXX. XXXX XXXX XXXX had a mailing address of XXXX XXXX XXXX, XXXX, NC XXXX. A few months after the theft of funds the address on the XXXX XXXX XXXXXXXX account was changed back to XXXX XXXX XXXX. 

XXXX ) On XX/XX/XXXX exactly XXXX year and a day after the first theft of funds XXXX wire transfers were again initiated from XXXX XXXXXXXX XXXX XXXXXXXX XXXX account # XXXX XXXX XXXX. The first wire transfer was a Deposit of {$29000.00} from ReverseMTGXXXX ID # XXXX into my Dads account ( from AAG ). That same day a wire transfer for {$29000.00} was transferred into the XXXX XXXX XXXX fraudulent account set up by XXXX XXXX aka XXXX XXXX, aka XXXX XXXX XXXX 
B ) Prior to this transfer of funds the longtime XXXX XXXX XXXXXXXX account # XXXX XXXX XXXX XXXX XXXX XXXX XXXX, the mailing address had been fraudulently changed from his real home address of XXXX XXXX XXXX XXXX XXXX to XXXX XXXX XXXX XXXX, XXXX XXXX. XXXX XXXX XXXX had a mailing address of XXXX XXXX XXXX, XXXX, NC XXXX. A few months after the theft of funds the address on the XXXX XXXX XXXXXXXX account was changed back to XXXX XXXX XXXX. 

I am not wasting my time attaching documents that prove beyond a shadow of a doubt that my above statements are absolute fact as I already gave this information to AAG 's attorney XXXX XXXX XXXX. 

Additionally, AAG in writing informed me " Our Investigation Department Investigated this loan and found no red flags. '' REALLY!!???