NYC Mortgage Fraud / I.D. Theft Investigation Picking Up Steam
- The investigation, which started in July, is expected to uncover dozens - maybe hundreds - of victims, police sources said, and is likely to involve millions of dollars in identity theft and mortgage fraud. Detectives still have reams of documents to sort through, but there is already evidence of widespread fraud, sources said, with names and addresses cut out of some documents then pasted onto others.
For earlier media reports, see:
- Broker at center of mortgage scam probe affecting NYC homeowners (Newsday) (According to the lead investigator, "People have been coming in like crazy. The phones have not stopped ringing.")
- Cable Show Gave Suspect in Fraud Case High Profile (The New York Times),
- Mortgage Office Manager Charged With Identity Theft and Grand Larceny (The New York Times).
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For an earlier alleged mortgage fraud scam with connections to the New York City Bangladeshi community and another mortgage broker operating out of Jackson Heights, Queens, see:
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