FBI Sweep "Malicious Mortgage"

[flip_it_fast]

The FBI have arrested more than 400 people in a sweep they call "Malicious Mortgage." The defendants have allegedly committed mortgage scams nationwide. The people arrested are real estate agents, mortgage brokers, appraisers and developers and scammers who allow their names and credit histories to be used on mortgage applications.

These kinds of scams involve plenty of players: from bogus mortgage brokers to appraisers who are on the take. Even lawyers may be in on the scam, encouraging people to sign the papers, misrepresenting what the papers actually say. Those are the types of people arrested under Operation Malicious Mortgage.
The operation was a massive one. The FBI said more than 80 percent of their offices were involved. In all, more than 406 defendants were charged. A little less than half of those have been convicted so far, and more than 80 of them are already serving sentences.

by Dina Temple-Raston

I am glad these people have been caught and will pay the price for what they have done. Its sad for the families who trust these types of people and end up paying out a lot of money and lose their homes anyhow. I hope this is a lesson to the ones who are still out there committing this type of fraud.

FBI Sweep "Malicious Mortgage"

[missmanors]

Thank goodness those people are no longer scamming people. I sure hope they catch those who are still out there. These people care nothing about the heartache of those families who put their trust in them. They need to be punished to the full extent of the law.

I certainly this will put in place some sort of protection for the public, against this type of crime. It seems as though there are always people looking out to find ways to scam others. The authorities need to find ways to put a stop to these kinds of crimes.

These criminals need to have an example set of them, by having them pay back as many of those people scammed as they possibly can. Perhaps, if in conjunction with jail time, they are hit at wallet level, it will teach them a lesson.

[badmomma]

I am glad to see that they finaly got around to it. Do you
think that now others will reconsider trying to put the screws
to us. I want to move someday and really need to know that
I am going to be safe.