Estimated reading time: 0 minutes, 24 seconds

Husband and Wife Indicted in $2.5M Mortgage Scam

A federal grand jury has indicted a husband and wife in connection with a mortgage fraud that cost financial institutions at least $2.5 million, authorities announced.

fraud 2695269 640smallMarco Lurigio, aka “Demetrio Cardone,” and Sandy Lurigio, aka “Janette Chavez,” recruited buyers to fraudulently obtain mortgage loans for properties on Chicago’s South Side, the indictment claims.

The Luirigios, both of Downers Grove, Ill., face eight counts of financial institution fraud.

Read the announcement by the U.S. Attorney’s Office for the Northern District of Illinois.

Read 293 times
Rate this item
(0 votes)


click me
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.