Man Charged In Mortgage Fraud Ring
June 15, 2009
Total Loss:
$1 Million
A man is charged Thursday in connection with a mortgage fraud ring that involved millions of dollars and dozens of homes in metro Detroit. Investigators said the father of three was known in the Lincoln Park community for owning Mya's Car Wash, Mya's Investments and a BP gas station. But behind the scenes, investigators said he was the mastermind behind an intricate mortgage scam that may have involved up to 40 houses According to the felony complaint filed, Michigan State Police investigators said Zaben would pay someone $10,000 to $15,000 to use their credit to buy a house, or give them a stolen identity and then buy a house.
Source:
ClickonDetriot.com
Posted in:
Account Takeover Identity Theft