FBI tightens cuffs on real estate fraud 
Undercover investigations lead to arrests
By Inman News, Tuesday, September 21, 2004.Six individuals in North Carolina were charged last week for their roles in a mortgage fraud ring that cost lenders up to $130 million in potential losses, according to the FBI. The Bureau in 2002 began sending undercover agents into seven organizations involved in the fraud ring, which led to the identification of the fraudulent loans.
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