Wednesday, June 24, 2009

Phones Start Ringing At Brooklyn DA's Deed Scam, Mortgage Fraud Unit

In Brooklyn, New York, WNYC Radio 93.9 FM reports:
  • [Brooklyn District Attorney] Charles Hynes says his new mortgage and real estate fraud unit has opened more than 80 investigations since March, leading to the indictment of eight people. [...] Hynes says the new unit was created with $875,000 of federal funding, and is investigating cases of mortgage fraud, refinancing fraud, predatory lending, deed theft and foreclosure rescue scams. The unit has received hundreds of calls since establishing a hot-line earlier this year.

Source: New Unit in Brooklyn DA's Office Cracks Down on Real Estate Fraud.

See also, Brooklyn Daily Eagle: The Senator and the Prosecutor: Fighting Mortgage Fraud in Brooklyn.