FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

Colorado Attorney General John Suthers on Monday announced indictments against 10 individuals who allegedly participated in a large mortgage-fraud operation.

Those indicted face 29 charges, including theft, forgery, computer crime and violations of the Colorado Organized Crime Control Act.

Between the spring of 2004 and spring of 2007, the individuals allegedly used false invoices and shell corporations to obtain $10.9 million in mortgages, keeping $1.1 million of those funds.

The group allegedly targeted 19 mortgage lenders — including Argent Mortgage, Cherry Creek Mortgage, Lehman Brothers Bank, The Mortgage Store, National City Mortgage, Royal Bank of Canada and Silver State Financial Services.
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Tags: foreclosure, mortgage fraud

This entry was posted on Tuesday, March 25th, 2008 at 8:30 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.