Mortgage fraud ring obtained FHA loans for noncitizens
Tuesday, November 28th, 2006A year after breaking up a Colorado mortgage fraud ring that falsified documents to allow noncitizens buy more than 300 homes using federally insured loans, authorities have begun rounding up hundreds of buyers who allegedly participated in the scheme.
In the last two weeks, local, state and federal law enforcement authorities have arrested 15 people and charged them with filing false documents with lenders, including fake “green cards” issued to legal residents and forged Social Security cards. If convicted, those arrested also face deportation, said Jefferson County District Attorney Scott Storey.




investment property