Illinois AG Pursuing Alleged Mortgage Fraud, Home Improvement Scam

The Illinois Attorney General has filed suit against against three unlicensed, related mortgage companies who made over $10 million in illegal loans in connection with home improvement transactions involving allegedly shoddy repair work. The suit also alleges that the three companies hid their relationship to the two home repair contracting companies who did the allegedly shoddy work (The same person is the president of all five companies). To read the whole story, reported by the Chicago Tribune, at chicagotribune.com, see:

Riverside mortgage firms face fraud suit
(State alleges illegal loans, shoddy repairs)
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