17 accused in 7 million mortgage fraud conspiracy
February 17, 2011
Total Loss:
$7.7 million
On Wednesday, 17 people were indicted by a federal grand jury in connection with a mortgage fraud conspiracy that totaled $7.7 million. The Department of Justice said all 17 defendants were involved in a scheme to obtain fraudulent mortgage loans for 28 properties in the Cleveland area. Authorities said there were five more fraudulent loans for two properties near Atlanta, Georgia. The alleged crimes took place between March 2005 and November 2007.
Source:
WEWS
Posted in:
Account Takeover Identity Theft
Internal Fraud