Feds charge 1,200 people in mortgage fraud crackdown

Thursday, June 17, 2010 - 12:40 in Mathematics & Economics

In a nationwide effort, officials file criminal charges against individuals allegedly responsible for $2.3 billion in fraud. 'These schemes are despicable; they are dangerous to our economy,' Atty. Gen. Eric Holder says. Federal officials said Thursday they had filed criminal charges against more than 1,200 people allegedly responsible for $2.3 billion in mortgage fraud as part of a major nationwide crackdown of abuses...

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