41 indicted in Ohio mortgage fraud

Prosecutors say scheme left 358 homes in foreclosure

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Ohio authorities announced indictments of 41 people and four companies accused of engaging in fraudulent transactions on the purchase of 453 Cleveland-area homes involving loans totaling $44 million.

In what was described as one of the nation’s largest mortgage fraud cases, Uri Gofman and 10 other defendants were indicted on mortgage fraud-related offenses including engaging in a pattern of corrupt activity, a first-degree felony. The other 34 individuals and companies were indicted on mortgage fraud-related offenses, prosecutors said.