Industry News

20 indicted in multimillion-dollar real estate scheme

Accused of loan fraud on Michigan properties
Published on Oct 21, 2005

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by CareyBot

A federal grand jury indicted 19 Michigan residents and one Californian in an alleged multimillion-dollar Michigan mortgage fraud scheme, officials said Tuesday. The indictment charges that starting in January 2003, the 20 defendants and others conspired to get fraudulent loans ...