mr. theobald? >> good afternoon, mr. chairman and members of the commission. i want to thank you for the opportunity to testify before you today. about the miami-dade police department effort to combat mortgage fraud. facing a wave of mortgage fraud investigations by mad county mayor carlos alvarez established the mayor's mortgage fraud task force in september of 2007. this public-private partnership used a comprehensive approach that blends legislative change, prevention, enforcement, regulation and prosecution to reduce mortgage fraud and prevent victimization of individuals and businesses. according to fincen, mortgage fraud is one of the fastest-growing white-collar crimes of the united states. for '06 to '07 florida held a dubious decision of breaking first in the nation in mortgage fraud. according to the mortgage asset research institute, otherwise known as mara, miami-dade county leads the state and incidence of mortgage fraud and ranks in the top five major metropolitan areas hit by that crime. the number of suspicious activity reports from financial

mr. theobald, the question i have for you is this magnitude issues. the number you quoted in your testimony was that 70% to 80% of those mortgages that are in foreclosure show evidence of fraud here to think this is from the married folks. does that mean the foreclosure process is fraudulent or that some were in the chain from imagination all the way through there was some evidence of fraud. what we found it somewhere in the change in the number was coded i married because what they're talking about is either fraud for profit or fraud for housing. and again you're talking about two different animals. someone might fudge the numbers to get into a property they really can't afford. so that in essence is a fraud. however, it is not something that we are really going after. we are going after the fraud for profit in the criminal conspiracies that are involved in that. >> i see. thank you. that's all. >> let me on my time ask a follow-up to this, which is let me understand a 70% 80% number doesn't include both the conspiracy -- fraud for proxy, the piercy

mr. theobald. >> good afternoon, mr. chairman and members of the commission. i want to thank you for the opportunity to testify before you today about the miami-dade police department's effort to combat mortgage fraud. facing a wave of mortgage fraud investigations, miami-dade county mayor carlos alvarez established the mayor's mortgage fraud task force in 2007. this public/private partnership use as comprehensive approach that blends legislative change, prevention, enforcement, regulation, and prosecution to reduce mortgage fraud and prevent victimization of individuals and businesses. according to the finsn, mortgage fraud is one of the fastest growing white-collar crimes in the united states. from 06 to '07 florida held the dubious distinction ranking first in the nation in mortgage fraud. according to the mortgage asset research institute. known as mari. miami-dade ranges in top five areas hit by that crime. number of suspicious activity reports from financial institutions reported by fnsn more than tripled from '04 over 17,000 to over 64,000 in 2008 and,