Fraud by manipulating Bank's LOI by Broker

[Gary B.]

Hello Fellow investors,

I am working with a broker for a loan on multi-family property. Broker photoshopped the Bank's original LOI to reflect higher origination fee. Later when he slipped through his fee, then he sends me back original Bank LOI.

Scenarios described below:

Broker introduced me to a bank that can do deal at my LTV requirement. Before sharing bank lOI with me he did two things.

1. He made me sign an agreement with him, stating he will cover bank origination costs from the bank and banks is asking for 1%.

2. He photoshopped the bank LOI to reflect higher bank origination fee i.e. 1%.

3. Now he shared with me original bank LOI with .25% origination fee that can be waived.

He is clearly trying to do fraud buyers to earn higher brokerage fee by manipulating bank's LOI document to his advantage. I do not mind paying broker fee but when someone tries to cheat I want to make sure person learns lesson. not sure what are his fiduciary responsibility as a broker.

Do you see this differently ? If not then, what do you suggest my options are in this situation?

thanks