$10 Million In "Suspect Loans" Referred To NJ Prosecutors
Almost $10 million in suspicious loans involving a New Jersey real estate operator's collapsed empire have been referred to both Federal & State prosecutors for investigation of mortgage fraud.
A court appointed receiver is handling a court ordered "dismantling" of the operator's holdings to pay off more than $340 million in claims already against him as a result of prior court action.
While not actually accusing the operator of wrongdoing, the receiver has provided to the U.S. Attorney's Office for New Jersey and the Monmouth County Prosecutor's Office his findings regarding the real estate operation that give him reason to suspect that crimes involving mortgage fraud may have been committed. Some of the findings were first reported by the Asbury Park Press in August.
To read all the details, see 10M in Dwek loans "suspicious", reported by the Asbury Park Press at app.com. (This article also contains over 30 related links to other stories & information concerning this heavily covered New Jersey story.)
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A court appointed receiver is handling a court ordered "dismantling" of the operator's holdings to pay off more than $340 million in claims already against him as a result of prior court action.
While not actually accusing the operator of wrongdoing, the receiver has provided to the U.S. Attorney's Office for New Jersey and the Monmouth County Prosecutor's Office his findings regarding the real estate operation that give him reason to suspect that crimes involving mortgage fraud may have been committed. Some of the findings were first reported by the Asbury Park Press in August.
To read all the details, see 10M in Dwek loans "suspicious", reported by the Asbury Park Press at app.com. (This article also contains over 30 related links to other stories & information concerning this heavily covered New Jersey story.)
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posted by Home Equity Theft Reporter at 9:33 AM
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