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: The Home Equity Theft Reporter

Virginia Feds Bust Five In Alleged Scam Using Stolen IDs In "Cash Back" Mortgage Fraud Racket

By r morris

From the Office of the U.S. Attorney (Eastern District of Virginia):Five individuals(1) are accused of a mortgage scam fraudulently purchasing homes in Northern Virginia and profiting by using the mortgage proceeds to pay ?home improvement? expenses and other payments totaling nearly $337,000.***According to the indictment and other court documents, [Nelson C.] Cardoza provided names of two

Full post as published by The Home Equity Theft Reporter on April 23, 2009 (boomark / email).