24 indicted in mortgage fraud ring
Real estate broker, agent, appraiser among those charged
By Inman News, Thursday, April 9, 2009.Federal prosecutors have indicted 24 people in an alleged mortgage fraud scheme based in San Diego involving 220 properties and more than $100 million in mortgage loans.
The indictment charges that the leader of the mortgage fraud ring, alleged gang member Darnell Bell, reaped at least $9 million in proceeds.
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