Here's a list of compressed loan properties from someone i know,

Utropolis Glenmarie, 2 units
Centra Residence Johor, 2 units
Face Suites Jln Sultan Ismail, one unit (bought using cashback as downpayment from above)
Expressionz Jln Tun Razak, one unit (self staying, zero downpayment i guess)

Total monthly mortgages repayment 30k!!! Total loan amount >5 million!!!
Used to earn monthly salary >20k. Jobless since two years ago, have to sell off late mother's property for 350k, airbnb the units, borrowing from friends to cover the mortgages and miscellaneous, manipulating any friends available to help in anyway. Been trying to sell Face to recover the cash back amount to continue serving the repayments since last year. Negative cash flow all along since cash back used for Face downpayment and other units' renovation. Now selling dumpling online since rejected a few job offers because salary not high enough.
This is a real life story, I don't know how this person got into such mess. Living lavishly while earning good money but never save for rainy days and never bother to learn the right knowledge from the right people, thinking it's that easy to maintain a posh life. Thinking this is what they deserve while others trying to make ends meet. Don't blame on the gurus, blame on greed and ignorance!
If such a person can get out of this mess without being bankrupt, i wonder where's the justice in this world? those who earn an honest living and frugal life might as well kill themselves?

I wonder if such act is even legal as this is obviously housing fraud. Is there any where we can report such fraud to if we have certain individual‘s details?