Two Fugitives Nabbed In Alleged Mortgage & Investment Fraud Scam Involving 100s Of Homes, Many Now In Foreclosure; Lender Losses About $100M, Say Feds

In Sacramento, California, The Sacramento Bee reports:

• A second fugitive in what officials describe as one of the nation's largest mortgage and investment fraud cases was captured [...] as he tried to re-enter the U.S. from Canada. Christopher Jared Warren, 26, of Sacramento was arrested at 11:15 [Tuesday] night (EST) at the Canadian border as he attempted to enter the United States in a taxi at the Peace Bridge in Buffalo, N.Y.

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• Warren is the second of three men who went on the lam in an ongoing federal probe into purchases of hundreds of homes nationwide, many of which are now in foreclosure. The deals have allegedly led to about $100 million in losses by lenders.

• Officials on Tuesday announced that Garret Griffith Gililland III, 27, is in custody in Barcelona, Spain, fighting extradition to the U.S. Still considered a fugitive is Scott Edward Cavell, 25, fled the country last week. U.S. State Department records show Cavell obtained a passport in San Francisco on Jan. 27 under an assumed name -- Adam Kingsbury Curry. Warren, Gililland and Cavell are part of a federal probe that has zeroed in on Roseville-based Loomis Wealth Solutions.

For more, see Sacramento fraud fugitive caught with $70,000 in shoes.