Four Indicted in $7 Million Mortgage Fraud Scheme
December 8, 2011
Total Loss:
$7 Million
A federal grand jury has charged a title agent, her husband, an employee, and an associate with devising a scheme to defraud at least four lending institutions out of approximately $7,092,300 in mortgage loans between April 2006 and April 2008.
Carter M. Stewart, United States Attorney for the Southern District of Ohio; Darryl Williams, Special Agent in Charge, Internal Revenue Service Criminal Investigation (IRS), Edward J. Hanko, Special Agent in Charge, Federal Bureau of Investigation (FBI) and other agencies participating in a mortgage fraud task force announced the indictment today.
Source:
FBI
Posted in:
Internal Fraud
Collusive Networks