Contact Us
Make My Homepage

NJ Feds Arrest 11 in Alleged Mortgage Fraud Case

Federal officials in New Jersey have charged 11 people from five states in an alleged $15 million mortgage fraud operation that included the attempted murder of witness.

Peter Dazeley, Getty Images

U.S. Attorney Paul Fishman says defendants from New Jersey, Pennsylvania, Massachusetts, George and Alabama engaged in a scheme to create false documents and use straw buyers to persuade lenders to give them $15 million for oceanfront properties that were worth far less.

All the defendants face wire fraud-related charges, and several face money laundering counts. One is charged with the attempted murder of a straw buyer who was a witness to the alleged scheme.

Fishman says several of the defendants targeted oceanfront condominiums in Wildwood Crest and North Wildwood, as well as Naples, Fla., that had been overbuilt by financially distressed developers.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!