The Feds have begun announcing their major mortgage fraud takedowns around the country. The operation, dubbed "
Operation Stolen Dreams", has involved 1,215 criminal defendants nationwide in the sweep that began in March responsible for more than $2.3 billion in losses to banks and mortgage companies, according to published reports. For a sampling, see:
- Pittsburgh: Mortgage Fraud Task Force Announces Regional Results Of "Operation Stolen Dreams" Targeting Mortgage Fraudsters,
- Chicago: 17 Defendants Charged in Seven Separate Mortgage Fraud Cases As Part of Nationwide Operation Stolen Dreams,
- Cleveland: Twenty-six people charged or pleaded guilty in Northern Ohio as part of Operation Stolen Dreams,
- Cleveland: Financial fraud enforcement task force announces regional results of “Operation Stolen Dreams” targeting mortgage fraudsters,
- San Antonio: Federal Charges Filed In Operation Stolen Dreams,
- Charlotte: Financial Fraud Enforcement Task Force Announces Regional Results Of 'Operation Stolen Dreams' Targeting Mortgage Fraudsters,
- Palm Springs: Palm Springs loan processor convicted, ordered to pay $42 million,
- Los Angeles: Regional Law Enforcement Joins Together In Crackdown On Mortgage Fraud, With Several Dozen Being Named In Criminal And Civil Actions Filed In Federal Court,
- Los Angeles: Joint Federal-State Investigation Leads To Indictments Naming 14 Linked To Mortgage Fraud In Ventura County,
- New Haven: Trumbull lawyer one of 15 charged in mortgage fraud,
- Alexandria: U.S. Attorney MacBride Announces Results Of "Operation Stolen Dreams" Targeting Mortgage Fraudsters,
- Miami/Ft. Lauderdale/West Palm Beach: 86 South Florida Residents Charged With a total Of $76 Million In Mortgage Fraud In "Operation Stolen Dreams”,
- Las Vegas: 123 Charged in Las Vegas in Mortgage Fraud Crimes,
- Birmingham: National Mortgage Fraud Sweep Takes In Two Birmingham Fraud Rings (involves 16 people and 125 Birmingham-area properties and accounted for $4 million in losses to banks),
- Phoenix: AZ Attorney indicts 38 on mortgage fraud,
- Sacramento: Three Bakersfield Residents Charged With Conspiring To Defraud Lenders In Mortgage Fraud Scheme,
- Sacramento: Owner, Employees And Customers Of Elk Grove's Liberty Mortgage Company Indicted For Roles In Multi-Million Dollar Mortgage Scam,
- Newark: Twenty-Eight Charged In Coordinated Mortgage Fraud Takedown In Northern New Jersey (Defendants from Eight Counties Allegedly Attempted to Defraud Lenders out of $5.5 Million),
- NYC/Manhattan: Manhattan U.S. Attorney Charges New Jersey Woman With $45 Million Real Estate Investment Ponzi Scheme,
- NYC/Manhattan: N.Y. man pleads guilty to subprime mortgage fraud,
- Detroit: Seven Metro Detroiters accused in $100 million mortgage fraud case,
- Tampa: House flipper Sonny Kim to plead guilty to money laundering, fraud.
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