SAC Speaks at Press Conference

SAC Frank Figliuzzi spoke at a press conference held by Cuyahoga County Prosecutor Bill Mason to announce the indictments of 45 individuals in a mortgage fraud investigation conducted by the FBI along with state and local law enforcement agencies in the Cleveland, Ohio area. The investigation showed that these individuals were involved in over 500 real estate transactions totaling $50 million, 453 houses purchased with $44 million in fraudulent loans, and a profit of approximately $31 million.