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It's about time/Hundreds swept up in mortgage fraud arrests

Discussion in 'Political Discussion' started by reflexblue, Jun 19, 2008.

  1. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    It's about time the feds went after some of the unscrupulous people behind the housing crises.
    I'm mildly surprised by all the arrests, now if they would go after the oil gaugers.

    http://news.yahoo.com/s/ap/20080619/ap_on_bi_ge/mortgage_fraud

    Those named in the cases include housing developers, mortgage lenders and brokers, lawyers, real estate agents and appraisers, said Sharon Ormsby, section chief in charge of financial crimes for the FBI.

    In some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money, Ormsby said.
     
    Last edited: Jun 19, 2008

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