Industry News

Three arrested for real estate fraud in Florida

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Three Florida residents were arrested last week for mortgage fraud, authorities said. According to investigators, Jacqueline Lopez, 50, of Pembroke Pines; Brahms Alexis, 28, of Sunrise; and Marjorie Lawrence, 44, of Miami Gardens; were part of a mortgage fraud scam that involved identity and grand theft. Federal authorities arrived at a Hollywood, Fla., title company Wednesday night to arrest the suspects after a pre-existing and ongoing investigation into the questionable real estate practices of one of the suspects led investigators to uncover them. The arrests are the result of a joint investigation between the Broward Sheriff's Office Economic Crime Unit, the State of Florida Office of Financial Regulation and the U.S. Secret Service. Investigators charge that Lopez, an inactive licensed real estate agent, stole the identity of one of her clients and provided it to Alexis, a licensed mortgage broker. Alexis, in turn, allegedly shopped the information around and secur...