You shouldn't get your worldview from a TV show. Such a scheme can only be used for pre-approval, to prove you can later make a down payment, not to secure an actual loan.
The parts of the show I have some real-world understanding of are remarkably observant and accurate. I’m inclined to give it the benefit of the doubt for parts I’m less familiar with.
My point was simply that financial crimes, including some really common ones that often go un-prosecuted until suddenly it matters, are often components of federal cases. Piling on stuff like that, or using them for early charges to secure warrants for further investigation or to gain leverage, is fairly normal. I chose a high-quality pop culture reference to illustrate that because… that’s an effective way to communicate.
When it’s passed off as a gift.
> What percent of kids do you estimate receive such fraudulent loans from their parents?
I dunno, but it’s pretty common. Maybe unknown in SES levels either too low (no money to loan) or too high (no fraud, because it’s actually a gift) but it’s common.
I’m entirely baffled at the pushback on this, incidentally. Do folks just really not want this to be true, for some reason?