Florida Mortgage Fraud Scheme 14 Charged

$47 Million US Dollars – £29 Million UK Pounds Florida Mortgage Fraud Scheme, 14 people charged in scam

Florida Mortgage Fraud Scheme

Involving 22 residential properties in the Sarasota, Florida USA

The Court and Bloomberg report – quote – Fourteen people were charged with operating a scheme to acquire more than $47 million in mortgage loans and 22 residential properties in the Sarasota, Florida, area, prosecutors said.

The defendants are accused in an indictment unsealed today of lying on financing documents from October 1997 to March 2008 to get loans from banks and mortgage lenders in the Sarasota area, according to a statement from the U.S. Attorney’s Office in Tampa.

If convicted the accused could face up to 5 years in prison and fines up to $1 Million US Dollars – £620,000 UK Pounds

More details here


Leave a Reply