Manhattan Chief Federal Prosecutor To Mortgage & Foreclosure Rescue Scammers: "We Will Find You, Arrest You, & Send You To Jail!"

In announcing the indictments last week of 41 suspects in connection with eight separate mortgage fraud indictments, Preet Bharara, the United States Attorney for the Southern District of New York, issued this declaration of war against mortgage and foreclosure rescue scammers:

• "As the U.S. economy struggles, we will continue to have a zero tolerance policy for those who defraud financial institutions and prey on homeowners on the brink of foreclosure. The type of criminal conduct charged today constricts the credit markets and makes it harder for honest people to realize the American dream of home ownership. It is especially alarming when lawyers, loan officers, and mortgage brokers treat their professional licenses as license to loot banks and profit from other people's pain. Particularly in this down economy, the message to those professionals and their alleged criminal cohorts is simple: we will find you, arrest you, and send you to jail."

For the Manhattan U.S. Attorney's press release, see Manhattan U.S. Attorney Charges 41 Defendants In Coordinated Mortgage Fraud Takedown Across New York State (Defendants Charged With Fraudulently Obtaining More Than $64 Million In Residential Mortgages On More Than 100 Properties; Lawyers, Mortgage Brokers, And Loan Officers Among Those Arrested In "Operation Bad Deeds").

Go here for links to the "OPERATION BAD DEEDS" Charging Documents for each of the eight cases.