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Mar 24, 2008 (The Sacramento Bee - McClatchy-Tribune Information Services via COMTEX) — NO MATCHES FOUND. | news | PowerRating | PR Charts — Federal officials announced the indictment of 19 people Monday in what they call the largest “foreclosure rescue” scam in the nation, one that allegedly took in more than $12 million and affected more than 100 homes.

The mortgage-fraud case was announced at the federal courthouse in Sacramento, where a grand jury charged the defendants with mail fraud, money laundering and conspiracy to commit both.

In February, The Bee obtained a search warrant for the case, which victimized homeowners throughout the nation, including seven in the Sacramento area.

Officials with the FBI, IRS and the U.S. attorney’s office…
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Tags: foreclosure case, scam

This entry was posted on Tuesday, March 25th, 2008 at 8:37 am and is filed under Foreclosure News, Education, and Updates, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.