DEKALB COUNTY, Ga. — DeKalb police executed a search warrant at Matrix Capital Resources Tuesday. They are sorting out the details of the sale pitch that lured in hundreds of unsuspecting mortgage clients. Police hope the evidence will seal their case against Fred Lee, who they said is the mastermind behind Matrix Capital.

CBS Atlanta broke thestory first. Lee is suspected of promising people they could lower their mortgages for a price. But his victims are ending up in foreclosure and losing their homes, police said.

Only CBS Atlanta News was at the scene of the raid, where police filled four car loads with records from the company.

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