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24 arrested for mortgage fraud schemes (Chicago)

FBI agents have made 24 arrests today in connection with a mortgage fraud investigation they dubbed “Operation Madhouse,” authorities said.....

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In each of the transactions, the defendants were told that a prospective buyer intended to purchase a property and then default on the mortgage when the deal closed. In reality, undercover agents from the FBI and U.S. Department of Housing and Urban Development posed as the buyers and as paralegals who helped move the transactions along....

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The U.S. Attorney’s office has filed mail and/or wire fraud charges against the following defendants:

Mohammed Ali Moallem, 68, Bahidad Javid, 66, Donna Brooks, 41, Louis L. Javell, 36, Aysha M. Arroyo, 32, and Juan Gil, 45, Hakim A. Jaradat, 65, and Robert Goldberg, 88, Babajan Khoshabe, 68, and Sunil Kaushal, 48, all of Chicago;

Abe Karn, 50, and Khalil Qandil, 45, of Oak Lawn;

Hichem Julani, 40, of Palos Park;

Daniel Lietz, 39, of Channahon;

Marwan Atieh, 35, of Tinley Park;

Ruwaida Dabbouseh, 58, of Glen Ellyn;

Khaja Moinuddin, 64, of Bloomingdale;

Mohammed Nasir, 52, of Glendale Heights;

Michael Salem, 63, and Oscar Paredes, 28, of Park Ridge;

Maryam Khan, 29, of Hickory Hills;

James Kotz, 48, of Munster, Ind.;

Siamak Safavi Fard, 50, of East Dundee;

Sunil Kaushal and Noel Parmar, 39, of Skokie.
http://www.chicagobreakingnews.com/2009/03/fbi-makes-arrests-in-mortgage-fraud-probe.html

*oh, and yes the US Attorney is Patrick Fitzgerald

First name on the list above: MOHAMMED MOALLEM

18-MAY-05 (2005)

HAMMOND, Ind., May 18 /PRNewswire/ — The United States Attorney’s Office today announced the return of 5 indictments against 20 individuals for conspiracy and substantive acts of shipping, transporting, receiving and possessing contraband cigarettes.....

MOHAMMED MOALLEM, age 65, of Chicago, Illinois;
http://goliath.ecnext.com/coms2/gi_0199-4244682/20-Indicted.html

In each of the transactions, the defendants were told that a prospective buyer intended to purchase a property and then default on the mortgage when the deal closed. In reality, undercover agents from the FBI and U.S. Department of Housing and Urban Development posed as the buyers and as paralegals who helped move the transactions along....

So basically the FBI and HUD created crimes where none would have existed before by tempting people who wanted to unload their houses to not ask too many questions?