Jul
16

NC Mortgage Fraud Ring Busted

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This week in North Carolina a gang of rogue real estate thugs was busted for mortgage fraud by several federal agencies working as part of the nationwide Mortgage Fraud Task Force. This highly organized group of licensed white collar cons consisted of a network of attorneys, mortgage brokers, real estate professionals, and developers who preyed on countless victims. Many of them who are now left in financial ruins.

The list of names and companies who were indicted is huge. I have them listed them below.

The Mortgage Fraud Task Force has several agencies such as the FBI, IRS, FDIC and HUD who were together in combating mortgage fraud. John Strong, Special Agent in Charge of the Charlotte Division of the FBI had said this in a press release, “Mortgage fraud impacts families and devastates neighborhoods. The FBI is committed to protecting our nation’s economy by aggressively investigating those who attempt to undermine the financial stability of our housing market.”

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    Categories : North Carolina News

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