FBI Arrests 11 in Real Estate and Loan Fraud of Los Angeles Elderly Victims

Feds Bust California Migrant Gang for Identity and Mortgage Theft

The FBI busted a theft ring in California including several foreign nationals that stole the identities of elderly Americans to take out fraudulent loans in their names. The post Feds Bust California Migrant Gang for Identity and Mortgage Theft appeared first on Breitbart.

FBI arrests 11 in real estate and loan fraud of Los Angeles elderly victims

Stolen identities were allegedly used to secure high-value real estate loans, fabricate financial documents, and "move millions of dollars through a maze of fraudulent businesses and funnel accounts," said Tyler Hatcher, Special Agent in Charge, IRS-CI Los Angeles Field Office.

Feds Arrest 10 in Sophisticated Identity Theft Ring That Stole $17M From Elderly Homeowners

U.S. Attorney Bill Essayli (Photo credit: @DOJ) First Assistant U.S. Attorney Bill Essayli delivered another powerful blow against the wave of fraud plaguing California, announcing today the arrests of 10 defendants — eight in Los Angeles County and two foreign nationals — charged in a 15-count federal indictment. The defendants allegedly stole the identities of elderly victims, obtained title reports on their residential properties, and fraudul…

LA's $17M mortgage sting: 9 arrested in sophisticated ‘house stealing’ scheme

Investigators said the group targeted elderly victims, stealing their personal identifying information and using it to access property records tied to homes in areas including Santa Monica, Hollywood, Hollywood Hills, Westwood and Chinatown.

11 arrested in $17M scheme targeting elderly L.A. homeowners

Federal agents fanned out across Southern California Thursday morning, serving 11 arrest warrants in a sweeping organized crime and fraud investigation, according to the FBI. The case, dubbed “Operation Hard Money,” centers on allegations that the suspects stole victims’ identities and used them to secure fraudulent real estate loans backed by the victims’ properties, according [...]

2 Foreign Nationals Among 11 Arrested on Charges They Used Stolen Identities to Fraudulently Obtain Loans Backed by Properties