Distressed Homeowner Initiative
Today, to help protect distressed homeowners around the country from a rising tide of fraud schemes—and to raise awareness about them—the FBI joined its partners in announcing the results of the Distressed Homeowner Initiative. Since the initiative was launched a year ago, over 200 companies have been shut down, and criminal charges were filed against 530 defendants. These cases involved losses of more than $1 billion from more than 73,000 victims across the country.
Distressed Homeowner Initiative
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| FBI Associate Deputy Director Kevin Perkins, right, is joined by Attorney General Eric Holder at a press conference announcing the results of the yearlong Distressed Homeowner Initiative. |
Today, to help protect distressed homeowners around the country from a rising tide of fraud schemes—and to raise awareness about them—the FBI joined the Department of Justice, the Department of Housing and Urban Development, and the Federal Trade Commission in announcing the results of the Distressed Homeowner Initiative.
This initiative combines the resources of federal, state, and local law enforcement agencies and the efforts of regulatory agencies to target perpetrators both criminally and civilly. Since the initiative was launched a year ago, over 200 companies have been shut down, and criminal charges were filed against 530 defendants. These cases involved losses of more than $1 billion from more than 73,000 victims across the country.
