Federal officials in South Florida have announced numerous arrests and indictments as part of “Operation Malicious Mortgage“, a nationwide sweep aimed at various kinds of mortgage-related fraud, including foreclosure rescue scams, which “involve criminals who target legitimate homeowners in dire financial circumstances and fraudulently collect fees for foreclosure prevention services or obtain ownership interests in residential properties.”
United States Attorney Acosta stated, “Although the number of federal mortgage fraud prosecutions is on the rise, the battle against mortgage fraud is far from over. It is evident that more is needed. We are designating additional attorneys in the Economic Crimes Section to devote their talent and time exclusively to the investigation and prosecution of mortgage fraud. Many of our federal and local law enforcement partners are taking similar steps. Together, we will make criminal mortgage fraud prosecutions a top priority.”
Well, that’s good to hear.
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