More Than 400 Defendants Charged for Roles in Mortgage Fraud Schemes as Part of Operation "Malicious Mortgage"

News Type: Event — Seeded on Thu Jun 19, 2008 2:31 PM EDT

Article Source: fbi.gov

business, loans, mortgages, sub-prime, bear-stearns, credit-markets, indictments, malicious-mortgage

The Department of Justice and Federal Bureau of Investigation (FBI) announced today a national takedown of mortgage fraud schemes, the culmination of substantial coordinated efforts during the last three and a half months to identify, arrest and prosecute mortgage fraud violators through the United States. Operation Malicious Mortgage highlights the strong enforcement response undertaken by the Department of Justice and its law enforcement partners to combat the threat mortgage fraud poses to the U.S. housing industry and worldwide credit markets.

From March 1 to June 18, 2008, Operation Malicious Mortgage resulted in 144 mortgage fraud cases in which 406 defendants were charged. Yesterday, 60 arrests were made in mortgage fraud-related cases in 15 districts. Charges in Operation Malicious Mortgage cases were brought in every region of the United States and in more than 50 judicial districts by U.S. Attorneys' Offices based upon the law enforcement and investigative efforts of participating law enforcement agencies. The FBI estimates that approximately $1 billion in losses were inflicted by the mortgage fraud schemes employed in these cases.

Published to:

Partisan Hack's Column, All of Newsvine
Groups: Committee of Public Safety , Corporatism, EconVine, The Truth Network, US News and Views
Regions: none

What's this?

Who's leading the conversation?

This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.

1.1

{"commentId":2004407,"authorDomain":"partisanhack"}

Partisan Hack

The FBI rocks!

Now if only the can slap the bracelets on Dick Cheney...

{"commentId":2004407,"threadId":"293893","contentId":"1591605","authorDomain":"partisanhack"}

1 vote

#1 - Thu Jun 19, 2008 2:38 PM EDT

{"commentId":2005603,"authorDomain":"inghar2004"}

gladbutterfly

Hey, good going feebs! Keep up the good work! Thanks, PH, that's good news.

{"commentId":2005603,"threadId":"293893","contentId":"1591605","authorDomain":"inghar2004"}

#2 - Thu Jun 19, 2008 4:48 PM EDT

{"canLink":false,"threadId":"293893","isPrivate":false}

Hundreds swept up in mortgage fraud arrests	Associated Press	Thu Jun 19	10
FBI holds 406 for mortgage fraud	BBC News	Thu Jun 19	0
over 400 arrested for mortgage fraud	Reuters	Thu Jun 19	0

PARTISAN HACK

Backyard

More Than 400 Defendants Charged for Roles in Mortgage Fraud Schemes as Part of Operation "Malicious Mortgage"

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF: