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by CareyBot

Twenty-one people were indicted in Georgia in connection with an alleged multimillion-dollar fraud scheme, media reports said Monday. The U.S. Attorney for the Northern District of Georgia unsealed a superseding grand jury indictment charging 21 individuals in an alleged complicated mortgage fraud scheme said to have operated between June 2004 and April 18, 2006, reports said. The indictment includes 99 counts, including bank fraud, wire fraud, mail fraud, conspiracy, money laundering and identity document fraud, according to reports. The case was initially instituted on April 22, 2005, with a magistrate complaint against Virginia Rose Novrit, an alleged straw borrower who was accused of having attempted to obtain more than $6.6 million in mortgages for which she was not qualified, repor...