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What is it called when someone lies to a bank to get money? I mean really submits documents to obtain a loan?



What is it called when someone lies to a bank to get money? I mean really submits documents to obtain a loan?

Fraud, theft of service, federal time......Fraud, deception to name a few. It is a felony!
If they're a politician, it's a misunderstanding. For the rest of us, it's fraud.
Federal Prison
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