Nevada Feds Indict Two In Mortgage Fraud Operation Involving 200+ Properties, 400+ Straw Buyers, $100M+ In Transactions

In Las Vegas, Nevada, The Associated Press reports:

• A Las Vegas real estate broker and her husband are facing federal charges they made millions of dollars orchestrating a mortgage fraud scheme. U.S. Attorney for Nevada Gregory Brower says Eve Mazzarella, 30, and her husband, Steven Grimm, 45, were indicted Wednesday on bank fraud, money laundering and aiding and abetting charges.

• The government alleges Mazzarella and Grimm bought more than 200 properties at inflated values using limited liability companies and more than 400 straw buyers to make purchase offers. The couple allegedly controlled transactions worth more than $100 million. They allegedly defaulted on mortgage payments on many of the loans, causing at least 118 properties to be sold in foreclosure.

Source: Las Vegas couple face federal charges in mortgage fraud case.

See also:

• Las Vegas Review Journal: Real estate broker, spouse indicted on fraud charges (Authorities say LV pair allegedly in scheme involving inflated home prices, straw buyers),
• KLAS-TV Channel 8: Couple Charged in Mortgage Fraud Case Appear in Court.