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June 27, 2008
Operation Malicious Mortgage Results In Over 400 Charged
The FBI have performed a national takedown of mortgage fraud schemes, the culmination of substantial coordinated efforts during the last three and a half months to identify, arrest and prosecute mortgage fraud violators through the U.S.
From March 1 to June 18, Operation Malicious Mortgage resulted in 144 mortgage fraud cases in which 406 defendants were charged. Last week, 60 arrests were made in mortgage fraud-related cases in 15 districts. The FBI estimates that approximately $1 billion in losses were inflicted by the mortgage fraud schemes employed in these cases.
Posted by S. Germain at June 27, 2008 08:28 AM