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: The Home Equity Theft Reporter

5 Bagged In St. Paul-Area Alleged Mtg Scam; Cal. Man's Stolen ID Used In Scoring $1.8M In Loans, Sham Entity Used To Pull Cash From Deals: Prosecutor

By r morris

In Hennepin County, Minnesota, the Minneapolis Star Tribune reports:Hennepin County prosecutors have charged five people with felony racketeering in an alleged mortgage fraud and money laundering scheme centered on a St. Paul-based mortgage brokerage firm.(1)***In several cases, part of the proceeds at closing were paid over to "Cire Building," supposedly for improvements negotiated as part of

Full post as published by The Home Equity Theft Reporter on October 23, 2010 (boomark / email).