Posted on 10/15/2009 1:46:13 PM PDT by NoObamaFightForConservatives
NEW YORK – A mortgage fraud crackdown announced Thursday resulted in the arrests of dozens of people, including six lawyers, seven loan officers and three mortgage brokers in four states.
Thirty-one people were arrested in New York, Pennsylvania, Ohio and North Carolina. They were among 41 people charged with engaging in mortgage fraud scams that defrauded lenders out of more than $64 million in home mortgage loans.
Of the 10 other defendants, one was expected to surrender later Thursday, four were previously charged and five remained at large.
Authorities gathering for an afternoon news conference in Manhattan said the crackdown, dubbed "Operation Bad Deeds," was aimed at the failure of gatekeepers in the mortgage industry to act responsibly and legally.
(Excerpt) Read more at news.yahoo.com ...
everybody but dodd
I wonder how many have (or will) return to their home country?
The picture at the link reminded me of something from Con Air
I’d like to see all 41 pictures, names & addresses.
Wonder when they’ll arrest Frank & Dodd?
The big fraud was in CA, NV and AZ.
...including six lawyers, seven loan officers and three mortgage brokers in four states.
It is unreal.
They need to go after them all.
UPDATES:
I wanted a list of those arrested. This is all I found
http://www.reuters.com/article/companyNewsAndPR/idUSN1531333520091015
Thanks, and ping me once you find it. Thanks again.
I'm shocked, shocked . . .
They won’t release the names but here are some
http://www.abajournal.com/news/6_lawyers_among_41_charged_in_64m_mortgage_fraud_case/
Thanks NOFfC.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.