F.B.I. Operation Malicious Mortgage to the Rescue - The Government Protecting You Now
June 19th, 2008 | by admin | 
The government is here to save the universe and has a catchy operation name to boot. Watch out, here comes Operation Malicious Mortgage to the rescue!
From March 1 to June 18, 2008, Operation Malicious Mortgage resulted in 144 mortgage fraud cases in which 406 defendants were charged. Yesterday, 60 arrests were made in mortgage fraud-related cases in 15 districts. Charges in Operation Malicious Mortgage cases were brought in every region of the United States and in more than 50 judicial districts by U.S. Attorneys’ Offices based upon the law enforcement and investigative efforts of participating law enforcement agencies. The FBI estimates that approximately $1 billion in losses were inflicted by the mortgage fraud schemes employed in these cases.
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