Hi All,

I need a little help determining the best amount to use for a SAR. It is a loan fraud/forgery situation.

Example:
1) A loan for $50,000 was made "Loan A". Payments were paid for two years.
2) A loan for $75,000 was made "Loan B" where the balance of the previous loan "Loan A" was paid off and the remaining funds were deposited into a checking account. Payments on the new loan were paid for two years.
3) A loan for $100,000 was made "Loan C" where the balance of the previous loan "Loan B" was paid off and the remaining funds were deposited into a checking account. This loan was found to be suspicious and research found the previous two loans.

Would you consider the amount of suspicious activity for the SAR to be $50,000 + $75,000 + $100,000 = $225,000?
Or, the total amount of the highest loan (since the first two were paid off from subsequent loans) = $100,000?
Or, another amount?

Just trying to make sure I'm thinking this through. Any help would be greatly appreciated!

Is each loan fraudulent? Are documents for each loan forged?

If each of the loans are suspicious then I would add the amounts together and report the total of $225,000.

Yes, each loan is fraudulent with documents forged.