Federal agents say they have dismantled the largest mortgage-fraud conspiracy in state history by indicting seven people on charges they bilked banks and other financial institutions out of $48.
Members of lansing mortgage fraud ring sentenced. members of CDC Investments Scam Receive Prison Time. U.S. Attorney’s office march 28, 2013. GRAND RAPIDS, MI-Six of seven defendants indicted in connection with the CDC Investments mortgage fraud scheme were sentenced this week, announced U.S. Attorney Pat Miles today.
Seven people have been charged in Miami in connection with a $49 million mortgage scam in North Carolina, according to an Associated Press report. Federal prosecutors released a 15-count.
FBI makes arrests in sweeping mortgage, welfare fraud case. The FBI made numerous arrests in New York City, Orange County and Monsey on Thursday morning in what federal prosecutors described as a.
Average monthly house payments jump 21% in fourth quarter Household income is an economic measure that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country. It is commonly used by the United States government and private institutions to describe a household’s economic status or to track economic trends in the US.
Seven defendants have been charged with running an alleged mortgage fraud scheme which resulted in the approval of approximately $49.6 million in fraudulent loans, and millions in losses to the lenders, including Bank of America, Regions Bank, SunTrust Bank, and Wachovia Bank.
NEWARK, NJ-Federal law enforcement officers with the FBI and irs-criminal investigation arrested three men. has filed nearly 10,000 financial fraud cases against nearly 15,000 defendants including.
Five Defendants Indicted in Alleged $15.7 Million Mortgage Fraud Scheme to Help Finance failed north shore Development. The arrests and charges were announced today by Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois; Thomas A. Kelly, Special Agent in Charge of the U.S. Secret Service in Chicago; and Robert D. Grant, Special Agent in Charge of the Chicago Office of the Federal Bureau of Investigation.
Federal prosecutors in Nevada – home to a record number of foreclosures and plummeting home prices – rank second in the nation for attacking mortgage fraud. Mortgage fraud. and we expect to see.
Half of Americans Oppose Bailout for Troubled Homeowners President Bush on monday formally asked congress for the second half. the American people are right to be angry with the way this plan has been implemented.” In addition to the lack of direct aid.
All seven defendants were charged with one or more counts of mail fraud and/or wire fraud in a 12-count indictment that was returned by a federal grand jury. The indictment also seeks forfeiture of at least $8.5 million.
A federal indictment unsealed Friday charged seven people with running a multistate Ponzi scheme and related mortgage fraud scams that prosecutors said cost investors and lenders a combined $17.