Mortgage fraud sweep reaches Brooklyn

Federal authorities have charged 41 people, five from Brooklyn, in a mortgage fraud involving tens of millions of dollars.According to authorities, the scam was carried

BROOKLYN - Federal authorities have charged 41 people, five from Brooklyn, in a mortgage fraud involving tens of millions of dollars.

According to authorities, the scam was carried out in New York, Pennsylvania, Ohio and North Carolina. Authorities said the crackdown was aimed at the failure of gatekeepers in the mortgage industry to act responsibly and legally.

"We will route out those with felony backgrounds and we'll do background checks to ensure responsible individuals are in this business," said Richard H. Neiman, the superintendent of banks for New York State.

AP wire services were used in this report.

advertisement | advertise on News 12

Trending Video

News 12 Brooklyn asked residents who their favorite 1 Word on the Street: Presidents Day
2 12 on Health: Foods that help fight diseases
3 VIDEO: Extended video from 'Not My President's Day' rally in NYC
4 Brooklyn Sportscast, Feb. 20
VIDEO: Extended interview with Brooklyn Historian Ron Schweiger 5 VIDEO: Extended interview with Brooklyn historian Ron Schweiger

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE