Matthew Cox | Inside True Crime Podcast
FBI Most Wanted Con Woman - $80 Million in Bank Fraud | Portia Louder
26 May 2025
Stop leaving yourself vulnerable to data breaches. Go to my sponsor https://aura.com/matt to get a 14-day free trial and see if any of your data has been exposedPortia Louder became entangled in a massive real estate fraud scheme involving inflated appraisals and hard money loans, eventually leading to an $11 million restitution order and a seven-year federal prison sentence. Connect with PortiaInstagram: https://www.instagram.com/portialouder/Facebook: https://www.facebook.com/portialouderYouTube: https://www.youtube.com/user/chlouderWebsite: https://portialouder.com/Get 50% sitewide for a limited time. Just visit https://GhostBed.com/cox and use code COX at checkout.Do you want to be a guest? Fill out the form https://forms.gle/5H7FnhvMHKtUnq7k7Send me an email here: [email protected] you extra clips and behind the scenes content?Subscribe to my Patreon: https://patreon.com/InsideTrueCrime Follow me on all socials!Instagram: https://www.instagram.com/insidetruecrime/TikTok: https://www.tiktok.com/@matthewcoxtruecrimeDo you want a custom painting done by me? Check out my Etsy Store: https://www.etsy.com/shop/coxpopartListen to my True Crime Podcasts anywhere: https://anchor.fm/mattcox Check out my true crime books! Shark in the Housing Pool: https://www.amazon.com/dp/B0851KBYCFBent: https://www.amazon.com/dp/B0BV4GC7TMIt's Insanity: https://www.amazon.com/dp/B08KFYXKK8Devil Exposed: https://www.amazon.com/dp/B08TH1WT5GDevil Exposed (The Abridgment): https://www.amazon.com/dp/1070682438The Program: https://www.amazon.com/dp/B0858W4G3KBailout: https://www.barnesandnoble.com/w/bailout-matthew-cox/1142275402Dude, Where's My Hand-Grenade?: https://www.amazon.com/dp/B0BXNFHBDF/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1678623676&sr=1-1Checkout my disturbingly twisted satiric novel!Stranger Danger: https://www.amazon.com/dp/B0BSWQP3WXIf you would like to support me directly, I accept donations here:Paypal: https://www.paypal.me/MattCox69Cashapp: $coxcon69 Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
I had $60 million in real estate. This is arbitrage. I'll pay you the million five, but we're going to close it at three. You'll get like the half a million or the million back. You just committed fraud. They don't know that.
How could I have committed a fraud against a bank that's fully aware of all the details of the transaction? When they say United States of America versus Porsche Lauder, that's when you're like, oh, how could I have been so foolish? I started building a photography company and my business just really grew. So we have these two kids. We buy a house. I start my own company. Chad's working.
And for about four and a half years, life is going pretty good. About that time, the real estate market's going crazy. And I decide that I need to build a home to put my studio in. It's in Utah.
What year is this?
It's 2003, 2004. So I'm building a home, and the lots in my neighborhood are just going up, up, up, up. And I told my husband, I said, I'm going to go lock up a couple of those lots. I'm going to put them under contract. And I think I gave him $2,500, and he flipped. I came home, and he's like, what are you doing? How are we going to close those? What are you thinking?
So I went and asked for the $2,500 back, and... And then the lots doubled in value. I was so pissed off. I was like, don't ever tell me what to do again. But about that time, my back went out too. So I ended up having a pretty good injury with my back and had to have back surgery. Now, I know this about myself, the kind of drug addict that I am.
If I use like one half of a pain pill, I'm right back at it. At that point, I didn't know that about myself. I still thought, oh, I'm doing good. I'm living legit. And so when I had the back surgery, I didn't tell the doctor, and he prescribed the pain pills again.
And I kept thinking, I got this under control, I'm not on the street, I'm doing everything right, but my addiction... The thing about me is when I use drugs, I like to hustle. They go together. And so I started using pills again, and...
decided that i would put some more lots under contract but this time i ended up putting a whole subdivision under contract and i used hard money so i borrowed a couple hundred grand well more than that i think i had about half a million and i had all of our equity line i took an equity line on our house so everything's locked up and i'm thinking well i'm just going to build you know
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