best casino bonuses australian online casino au dollars trusted online gambling internet casino download old information online us casinos las vegas best online casino craps flash casino games mac play online vegas

Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

June 2010
S M T W T F S
« May   Jul »
 12345
6789101112
13141516171819
20212223242526
27282930  

Guides

How to Become a Bounty Hunter



Authorities Charge 1,215 People in Nationwide Mortgage Fraud Sweep

Atty. Gen. Holder (left) and FBI Director Mueller announce results/fbi photo

Atty. Gen. Holder (left) and FBI Director Mueller announce results/fbi photo

By Allan Lengel
For AOL News
WASHINGTON –The Justice Department today announced the “broadest mortgage fraud sweep” in U.S. history, with criminal charges filed against 1,215 people. Almost 500 have already been arrested in a 3 1/2-month crackdown dubbed “Operation Stolen Dreams.”

Authorities said the operation uncovered $2.3 billion in mortgage fraud losses and recovered $147 million through 191 civil enforcement actions.

Despite the multistate crackdown, FBI Director Robert Mueller said there is still room for concern. He noted that his agency is pursuing more than 3,000 mortgage fraud cases, almost double the number from the last fiscal year.

“Those who prey on the housing market should know that hundreds of FBI agents on task forces and their law enforcement partners are tracking down your schemes, and you will be brought to justice,” Mueller said in a statement.

Attorney General Eric Holder added: “The staggering totals from this sweep highlight the mortgage fraud trends we are seeing around the country. We have seen mortgage fraud take on all shapes and sizes — from schemes that ensnared the elderly to fraudsters who targeted immigrant communities.”

To read more click here.

Read Report


Print This Post Print This Post

Write a comment

You need to login to post comments!