Connecticut Feds Charge Loan Officer With Mail, Wire Fraud In Alleged Mortgage Scam

In Waterford, Connecticut, TheDay.com reports:

• Jose Guzman, who is being sued by the Connecticut Attorney General’s office for mortgage fraud, was arrested late Thursday night at his Waterford home and charged with mail and wire fraud. U.S. Magistrate Judge Thomas P. Smith today scheduled a detention hearing for Oct. 17 and a probable cause hearing for Oct. 24. The U.S. Attorney’s Office has 30 days to file an indictment. The U.S. Attorney's Office considers Guzman a threat to flee. The Day first reported in May how dozens of individuals, many of them Hispanic, had faced foreclosure and ruined credit after they were approved for home loans based on false information.

For more, see:

• Waterford Man is Being Held On Fraud Complaint (Jose Guzman Detained In Connection With Alleged Real-Estate Scam),
• Waterford Man Faces Charges in Predatory Lending Scheme.

For story updates, see:

• Hearing on Loan Officer Canceled (A probable cause hearing, which likely would have revealed further details regarding the government’s case against former New London loan officer Jose Guzman, was canceled after Guzman waived his right to the hearing.) (The Day.com - 10-25-07),
• Detained Loan Officer Is Released From Prison (Guzman, Accused Of Fraud, Released To Wife's Care After Family Helps Him Make Bond). (The Day.com - 10-18-07)

For a related story on this case, see Promises Left Buyers Destitute, Suit Says.

Go here for other posts and links to media reports on, what the Connecticut Attorney General calls, "an extensive predatory lending scheme" led by mortgage broker Jose Guzman.