TAMPA - A federal prosecutor says a crackdown on organized mortgage fraud this year has yielded 105 arrests from Jacksonville to Fort Myers.
A. Brian Albritton, the U.S. attorney for Florida's middle district, announced the results of the nine-month investigation at news conferences Tuesday in Fort Myers and Tampa.
Albritton said the fraudulent loans totaled more than $400 million and involved more than 700 properties.
Defendants include mortgage brokers, Realtors, lenders, sellers and buyers. Albritton called the problem an "epidemic."
Florida's middle district includes a swath that extends from Jacksonville to Fort Myers and includes the Orlando and Tampa areas.
Disclaimer: Story comments are intended to provide a place for constructive dialog about issues and events in our community. Your input is encouraged and can make a positive difference. To achieve this, no obscenity, personal attacks, or racial slurs are tolerated. Users brought to our attention for violating our terms of use will be blocked from commenting permanently and without notice. Please help keep the comments on topic by flagging objectionable material and remember that children and young adults may be reading your comments. With freedom of speech comes the responsibility to be respectful of others.
Email Story
Printer Friendly 
Quick Job Search