Estimated reading time: 0 minutes, 21 seconds

12 Indicted in $15M Mortgage Fraud and 'Green' Loan Scam

Thursday, May 13 2021
Originating
Written by  The Mortgage Leader

The California Attorney General’s Office has unveiled indictments against 12 people for their roles in an alleged mortgage fraud and “green” loan scheme. So reports the Los Angeles Daily News.

california 160550 1280The six-year scheme allegedly took place across Southern California and involved the theft of about $15 million.

The defendants are charged with 133 counts, among them conspiracy, mortgage fraud and grand theft.

Read the full article from the Los Angeles Daily News.

Read 2537 times
Rate this item
(0 votes)
More in this category: « Mortgage Startup Better.com Goes Public Via $7.7B SPAC Deal Bank of America’s Mortgage Fees Spark Racketeering Class Action »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline