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Nine charged in $10 million mortgage fraud scheme

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Nine people involved in a long-running, large-scale mortgage fraud scheme that caused losses of approximately $10 million were charged in two complaints with conspiracy to commit bank fraud, U.S. Attorney Paul J. Fishman announced.

Jose Luis Salguero Bedoya, also known as Jose Salguero, 36, of Elizabeth and Verona, New Jersey; Paul Chemidlin, Jr., 41, of Morganville, New Jersey; Delio Coutinho, 50, of Colonia, New Jersey; Joseph DiValli, 44, of Jackson, New Jersey; Christopher Ju, 26, of East Brunswick, New Jersey; Carmine Fusco, 44, of East Hanover, New Jersey; Jose Martins, 31, of Newark, New Jersey; Yazmin Soto-Cruz, also known as Yazmin Soto, 32, of Elizabeth, New Jersey; and Kenneth Sweetman, 32, of Lyndhurst and Nutley, New Jersey, were arrested this morning by FBI special agents.

Source: FBI
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