newsguy
February 20th, 2009, 03:46 PM
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Feds: 4 NYers ran $10M subprime mortgage scam (http://news.google.com/news/url?sa=T&ct=us/9-0&fd=R&url=http://www.businessweek.com/ap/financialnews/D96FA4200.htm&cid=1306303230&ei=fAifSejAIYixmAfIm5DQDA&usg=AFQjCNEWidwFHWE4eDF7mN8OG9d5T979bg)
BusinessWeek
The indictment says that the recruits acted as "straw buyers," purchasing properties in Brooklyn, Queens, Long Island and Westchester County in 2006 and 2007. Prosecutors say the defendants obtained mortgages for the buyers for amounts greater than the ...
Link to News Article... (http://news.google.com/news/url?sa=T&ct=us/9-0&fd=R&url=http://www.businessweek.com/ap/financialnews/D96FA4200.htm&cid=1306303230&ei=fAifSejAIYixmAfIm5DQDA&usg=AFQjCNEWidwFHWE4eDF7mN8OG9d5T979bg)
Feds: 4 NYers ran $10M subprime mortgage scam (http://news.google.com/news/url?sa=T&ct=us/9-0&fd=R&url=http://www.businessweek.com/ap/financialnews/D96FA4200.htm&cid=1306303230&ei=fAifSejAIYixmAfIm5DQDA&usg=AFQjCNEWidwFHWE4eDF7mN8OG9d5T979bg)
BusinessWeek
The indictment says that the recruits acted as "straw buyers," purchasing properties in Brooklyn, Queens, Long Island and Westchester County in 2006 and 2007. Prosecutors say the defendants obtained mortgages for the buyers for amounts greater than the ...
Link to News Article... (http://news.google.com/news/url?sa=T&ct=us/9-0&fd=R&url=http://www.businessweek.com/ap/financialnews/D96FA4200.htm&cid=1306303230&ei=fAifSejAIYixmAfIm5DQDA&usg=AFQjCNEWidwFHWE4eDF7mN8OG9d5T979bg)