41 People Indicted in $44 Million Cuyahoga County Mortgage Fraud Scheme
August 27, 2009
Total Loss:
$44 million
A Beachwood man has been accused of orchestrating what officials say is the largest mortgage fraud scheme in the history of Ohio and possibly the entire country. Uri Gofman, 36, was indicted by a Cuyahoga County grand jury along with 40 people and four companies in a conspiracy prosecutors say involved 453 homes in Cuyahoga County and $44 million in fraudulent loans. The scheme, prosecutors said, involved both nonexistent and fraudulent loans and was carried out by Gofman, his friends and family, a bank loan officer, real estate agents, mortgage brokers, title agents and straw buyers who were paid to buy Gofman's houses.
Source:
The Plain Dealer
Posted in:
Internal Fraud