Police in northern Virginia announce mortgage fraud bust involving up to 200 homes
September 28, 2009
Total Loss:
$1 million
Mundane complaints about noise and parking problems in a Washington suburb led authorities to uncover a sweeping mortgage fraud scheme involving as many as 200 properties valued at more than $100 million, officials announced Thursday. Twenty northern Virginia residents were arrested, and authorities have warrants for four other people in what they said was just the first phase of the case, related to 35 houses. Most of those arrested are facing federal charges including wire and mail fraud. Eight of the 20 were arrested on state charges of using false statements to obtain property or credit.
Source:
Washington Examiner
Posted in:
Internal Fraud