That is now being prosecuted in several states.

And is prosecuted.So, if we have a written agreement for you to make my mortgage payment if I deed my house over to you (that part is legal), but you fail to make the payment, that is prosecuted as fraud.

Such powers shall include, without limitation, the power to:(a) Expend Limited Liability Company funds in connection with the operation of the Limited Liability Company's business or otherwise pursuant to this Agreement;(b) Employ and dismiss from employment any and all employees, agents, independent contractors, attorneys and accountants;(c) Prosecute, settle or compromise all claims against third parties, compromise, settle or accept judgment on claims against the Limited Liability Company and execute all documents and make all representations, admissions and waivers in connection therewith;(d) Borrow money on behalf of the Limited Liability Company from any Person, issue promissory notes, drafts and other negotiable and non‑negotiable instruments and evidences of indebtedness, secure payment of the principal of any such indebtedness and the interest thereon by mortgage, pledge, property of the Limited Liability Company, whether at the time owned or thereafter acquired;(e) Hold, receive, mortgage, pledge, lease, transfer, exchange, otherwise dispose of, grant options with respect to, and otherwise deal in and exercise all right: powers, privileges and other incidents of ownership or possession with respect to a property of whatever nature held or owned by, or licensed to, the Limited Liability Company;(f) Lend any of the Limited Liability Company property with or without ­security;(g) Have and maintain one or more offices within or without the State of Iowa;(h) Open, maintain and close bank accounts and money market mutual fund accounts, and draw checks and other orders for the payment of monies;(i) Engage accountants, custodians, consultants and attorneys and any and all other agents and assistants (professional and nonprofessional) and pay such compensation in connection with such engagement that the Manager determines is appropriate;(j) Maintain such insurance relating to the business of the Limited Liability Company, and upon such terms, as the Manager determines is appropriate;(k) Enter into, execute, make, amend, supplement, acknowledge, deliver and perform any and all contracts, agreements, licenses, and other instruments, undertakings and understandings that the Manager determines are necessary, appropriate or incidental to carrying out the business of the Limited Liability Company.In exercising their powers, the Manager may (i) rely upon and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, or document believed by them to be genuine and to have been signed or presented by the proper party or parties; (ii) consult with counsel, accountants, and other experts selected by them and any opinion of an independent counsel, accountant or expert shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by the Manager in good faith and in accordance with such opinion; and (iii) execute any of his powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys.

I signed my last 3 vertical construction loans yesterday.. that makes 88 loans over the last 3 plus years .My largest single project to date.89 lots  built 88 homes  price points 550 to 1 mil.Semi custom bought the dirt prosecuted the entitlementssecured Horizontal bank loans built in 3 phases.Went vertical and built out all the homes with 80% being pre sales and semi custom.could not have done it without my Wife leading the sales and designing the homes..

I wish I could find a pro bono lawyer willing to take on Dutch and RAD Diversified REIT—not just to recover lost money (which seems impossible at this point), but to actually prosecute him for running a Ponzi scheme and put him behind bars.

The fraud cases I'm following were brought and are being prosecuted by States Attorney General.

But if a wholesaler/solicitor uses fraud or deceit/deception to gain consent where they wouldnt have otherwise gotten it from a party that was not deceived, then this could easily fall into the realm of fraud and criminal prosecution would be appropriate.

No it wasn't fake new just non news, It was a stupid settlement for a stupid prosecution. 

I feel certain that it is criminal, though I do not recall hearing of anyone being prosecuted.

A court case costs about $25,000 in legal fees and a year and a half to prosecute and you lose because you have no defense.