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Brooklyn Feds Charge Nine In Straw Buyer Scam That Left Two Lenders Holding The Bag On $92M In Fraudulently Obtained Mortgages

By r morris

From the Office of the United States Attorney (Brooklyn, New York):A federal grand jury in Brooklyn returned an indictment charging nine defendants with a mortgage fraud scheme that resulted in losses exceeding $90 million. The indictment alleges the defendants conspired to defraud Washington Mutual Bank (?WAMU?) and DLJ Mortgage Capital, Inc. (?DLJ?), a subsidiary of Credit Suisse, in connection

Full post as published by The Home Equity Theft Reporter on June 07, 2009 (boomark / email).