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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, criminal charges were filed against 107 defendants nationwide. These cases involved losses of more than $95 million from an estimated 17,185 victims across the country.

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, criminal charges were filed against 107 defendants nationwide. These cases involved losses of more than $95 million from an estimated 17,185 victims across the country.

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Oct 09, 2012 01:00 PM