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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.
Marco 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.
