Tuesday, Jun 24, 2008
More action on Mortgage fraud now it's all gone wrong
BBC News: FBI promises more fraud arrests
A senior FBI officer has told the BBC that more arrests will be made as part of its probe into mortgage fraud and the credit crunch.
Section chief for Financial Crimes, Sharon Ormsby, said hundreds of arrests already made were just a "good start".
More than 400 US real estate brokers have been arrested and charged with fraud in the past few months.
Posted by crutchley @ 08:20 AM (378 views) Add Comment
4 Comments
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1. angonamo said...
At least the Americans are doing something about it. I bet nothing happens over here.
2. mark said...
wonder if there will be any agents left after they finish arresting them all..lol
3. wiltshire said...
Just what I was thinking Mark. Can there have been many who could still function within the industry if they didn't play the same game as all the others?
4. harold said...
"Steal a little and they throw you in jail; steal a lot and they make you a king". Bob Dylan
I don't expect to see any of the big boys in the dock.