Albany DA Gets 64 Count Indictment Against Two Charged In Alleged Mortgage Scam Involving 25+ Homes

In Albany, New York, WXXA-TV Channel 23 reports:

• Former Albany Urban League President Aaron Dare is now facing more charges in connection with his real estate deals. A judge unsealed a more than 59 count indictment [Friday] accusing Dare and his girlfriend of mortgage fraud -- falsifying records and artificially boosting appraisals on buildings now headed into foreclosure.

• Aaron Dare and Ana Monteiro were arraigned in Albany County Court [Friday] morning on a total of 64 counts ranging from money laundering to grand larceny to falsifying records. The [Albany County] district attorney's office says they stole more than $1.5 million from mortgages they got through bogus down payments and inflated appraisals while deflating the hopes of their investors.

• There are more than 25 homes throughout Albany’s Arbor Hill and West Hill neighborhoods, and elsewhere in Albany County, that Aaron Dare and Ana Monteiro are accused of helping other people buy while helping themselves to money from the mortgages on them.

For more, see Aaron Dare, girlfriend indicted on mortgage fraud charges.

See also, Albany Times Union: Massive wave of fraud alleged.