(Source: The Miami Herald By TOLUSE OLORUNNIPA) – Four separate indictments were unsealed Tuesday by the U.S. Attorney’s Office in Miami accusing 27 people in various mortgage fraud schemes against banks and South Florida homeowners.The charges range from mail fraud to insurance fraud to arson, and highlight the problems that South Florida faces as the nation’s top market for mortgage loan fraud, U.S. Attorney Wilfredo Ferrer said.

“We keep leading the nation in mortgage fraud, and that is something we are working to stem,” he said. “The perpetrators of this fraud have infiltrated every level of the mortgage industry.”

Source: The Miami Herald By TOLUSE OLORUNNIPA

Posted on Tuesday, 08.02.11

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