Wednesday, Dec 19, 2007

Miami Vice

South Florida Sun: Federal agents charge 31 people in mortgage loan fraud

Federal officials in Miami announced charges Monday against 31 people accused of participating in a scheme to illegally obtain mortgage loans worth roughly $14 million. Prosecutors said the group's leaders secured inflated loans for the purchase of at least 28 properties and then pocketed the difference between the loan and the actual purchase price.

Posted by alan @ 07:44 PM (208 views) Add Comment

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