The FBI has arrested 10 people charged with participating in a $60 million mortgage fraud ring early Thursday morning in the New York area, FoxNews.com has learned.
Three more suspects are expected to be in custody by the end of the day, an FBI official said.
The 13 alleged members of the mortgage fraud ring include real estate attorneys, title closers, appraisers and straw buyers. They were arrested on conspiracy to commit bank fraud and wire fraud charges.
All are expected to appear before a judge in the Southern District federal court on Thursday.
One of the main subjects created numerous mortgage brokerages, including FCE and TAT Mutual Capital. Through these brokerages, the subject allegedly facilitated fraudulent real estate loan transactions throughout the New York metropolitan area.
The scheme involved more than 100 properties in New York and Florida.
www.foxnews.com
Little scammers
they let the bankers go though, and the FBI didn’t turn themselves in. Like the fox watching the hen house.
Its patsytime
60 million? yea whatever fbi… you are too fucking scared to arrest the real criminals… every other investigation you always go for the root of the problem, not with this scam though… 60 million.. pfft.. you’re fucking pathetic…
try go charging the people who stole billions if not trillions… then ill pat you on the back..
as of now you’re worthless.
who do you think the fbi work for???
FBI is being paid off just like everyone else who is in the position to make arrests of these treasonous thieves. They go down too.