Mortgage Fraud Summit - I
March 5, 2010
Mortgage fraud problems continue to plague our nation and cost billions of dollars. Law enforcement continues the battle. If you have a foreclosure problem, be very careful.
Mr. Schiff: Mortgage fraud costs billions.
Ms. Ormsby: “In 2003, we had approximately 7,000 suspicious activity reports. As of 2009, we had about 66,000 approximately. We expect 2010 to exceed that.”
Mr. Schiff: That’s Special Agent Sharon Ormsby, chief of the FBI’s Financial Crimes Section. She attended the recent Mortgage Fraud Summit in Miami.
Ms. Ormsby: “The summit was put together to provide information to the public as to what law enforcement is doing regarding the financial crisis.”
Mr. Schiff: Ormsby says one of many takedowns was in October 2009.
Mr. Ochoa: “We had Operation Bad Deeds, which involved a multi-state takedown in New York state, resulting in 41 defendants being charged. There were $64 million in residential home mortgages involving more than 100 properties.”
Mr. Schiff: There have been about 1,200 convictions for mortgage fraud in the past three years. I’m Neal Schiff of the Bureau and that’s what’s happening at the “FBI, This Week.”
- 07.21.2017 — Se Busca por el FBI: Se Ofrece Recompensa en la Investigación del Homicidio de Maurice Spagnoletti
- 07.20.2017 — FBI, This Week: AlphaBay Criminal Marketplace Takedown
- 07.19.2017 — Esta Semana en el FBI: La Academia Nacional Marca un Hito
- 07.17.2017 — Voice of Unknown Subject in Indiana Murder Investigation
- 07.14.2017 — Gotcha: Couple Sentenced in Massive Health Care Fraud Scheme