Three lawyers were among 10 people named in an indictment that accuses the defendants of conspiring in a $10m mortgage fraud, prosecutors in Brooklyn, New York said. Akin Ayorinde, a Brooklyn lawyer, and nine others were charged in a scheme that ran between January 2005 and May 2007, prosecutors in the office of Brooklyn U.S. Attorney Benton Campbell said. Two licensed real-estate brokers were also charged, according to the indictment unsealed today. The defendants falsified mortgage loan applications, appraisals, title reports and other documents to make straw buyers whom they recruited appear more creditworthy on their applications, prosecutors said.
Three lawyers charged in $10m mortgage fraud
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects