Monday, October 26, 2009

10 Queens people arrested in mortgage scam

From Times Ledger:
Just one week after federal investigators busted an alleged mortgage fraud scheme that affected several Queens properties, federal prosecutors indicted 41 individuals last Thursday, including 10 Queens residents, for reportedly raking in $64 million in a similar scandal.
Preet Bharara, the U.S. attorney for the Southern District of New York, unsealed the charges in eight separate cases that were part of an investigation dubbed “Operation Bad Deeds.”
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