More than 1,000 people in Maryland and other states were allegedly duped by a "Dream Homes Program" that promised to take over their mortgage payments in exchange for a half ownership interest in their home and a $50,000 investment in side businesses.

The program was actually a massive mortgage fraud scheme that attracted about $70 million in investments, according to a federal grand jury indictment of four defendants unsealed Monday.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top