Tommy DobczykOpportunity Zone Advisor, OZ Wizard · Director of Development | Certified Opportunity Zone Advisor

Collateral Fraud: How They Lied and You Can Prove It #shorts

25 Apr 2026 · 0 min

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Tommy Dobczyk describes a loan scheme where someone claimed to have a vehicle as collateral, providing a signed Arizona Department of Transportation inspection form. The problem: they later said the loan money would be used to build that vehicle. A legally signed inspection for a non-existent vehicle is impossible, making the whole thing fraud.

Today in The Deal Room. Collateral. They proved to us on paper they had collateral. They even said it in an email that they had collateral. And then now they're saying, oh, well, we use the money to make the collateral. The money you gave us, we're using that to make the collateral. And so we're like, well, that— how is that possible? We have a form signed by the Arizona Department of Transportation saying they inspected the vehicle that you built. So how did they do that, sign a piece of paper legally, if there's no building and there's no vehicle? They committed fraud.