Archive for the ‘causes-and-organizations’ Category
Fbi Mortgage Fraud Cases Involve Drug Gangs and Organized Crime and Nets Hundreds
FBI mortgage fraud cases involve drug gangs and organized crime and nets hundreds
Government official says losses in the fraud cases total $1 billion.
By Michael Webster: Investigative Reporter June 19, 2008 6:00 p.m. PDT
Mortgage fraud arrests video
Hundreds of people across the country have been arrested by law enforcement officials today and yesterday targeting crooked mortgage brokers, real estate agents, industry officials, and drug gangs a top FBI official claims.
Sharon Ormsby, section chief in charge of financial crimes for the FBI, said “some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money.
FBI Director Robert Mueller and Deputy Attorney General Mark Filip announced the arrests the same Read the rest of this entry »
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