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Real Estate & Property Law

: The Home Equity Theft Reporter

Gang Member Who Led Mortgage Fraud Racket Cops Plea In Scam That Left Lenders Holding The Bag On 100+ Homes, $20M+ In Losses

By r morris

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In San Diego, California, the San Diego Union Tribune reports:A San Diego gang member who federal authorities said was the leader of a massive mortgage fraud scam pleaded guilty yesterday to participating in a racketeering conspiracy involving bank fraud, money laundering and other crimes. Darnell Bell, 39, faces a maximum of 20 years in prison. Prosecutors said he was a chief orchestrator of a

Full post as published by The Home Equity Theft Reporter on March 06, 2010 (boomark / email).

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