Mortgage fraud sweep reaches Brooklyn

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

1 Neighborhood Brief for April 30
More than 2,000 people took part in the 2 Thousands attend NYPD Cares 5K for kids with disabilities
More than 200 Brooklyn residents received a goody 3 Expecting moms attend massive baby shower in E. Flatbush
A 3-year-old girl died after a car accident 4 3-year-old killed in crash on Bruckner Boulevard
The victim, a man in his 20s, was 5 Man shot in head during Williamsburg drive-by shooting

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