Busted: Foreclosure Bank Inspection Co.

Foreclosure Bank Inspection Co. was busted by the feds on Thursday for using an employment scam to con approximately 20,000 job seekers. The United States Attorney’s office indicted Jay Vincent and Anthony Portee on charges of mail fraud. Vincent, who actually played in the NBA from 1981 until 1990, also faces a charge of income tax evasion.

In all, the feds say that Foreclosure Bank Inspection Co. scammed job seekers for a total of around $2 million. The con involved making job seekers pay for an $89 background check and another $149 for insurance in order to gain a job inspecting bank foreclosed homes. Foreclosure Bank Inspection Co. advertised in newspapers across the nation and on the internet.

If you Google this company, you can see many, many people who fell for the scam. Attempts to get refunds were denied and Vincent claimed all along that the business was legit. The charges he and Portee face are from January 1st, 2006 to August 25th, 2009.

Vincent played for the Dallas Mavericks, Washington Bullets, Denver Nuggets, San Antonio Spurs and Los Angeles Lakers. His brother, Sam Vincent, also played in the NBA and is currently coaching in the NBA D-League.

Make yourself at home, Jay Vincent (Image: Flickr)