Financial Fraud Enforcement Task Force Announces Results of Broadest Mortgage Fraud Sweep in History
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Summary
WASHINGTON, June 17 /PRNewswire-USNewswire/ -- Attorney General Eric Holder, FBI Director Robert Mueller, Housing and Urban Development Inspector General (HUD-OIG) Kenneth M. Donohue, and other members of the Financial Fraud Enforcement Task Force today announced the results of a nationwide takedown, Operation Stolen Dreams, which targeted mortgage fraudsters throughout the country and is the largest collective enforcement effort ever brought to bear in confronting mortgage fraud.
The sweep was organized by President Obama's interagency Financial Fraud Enforcement Task Force, which was established to lead an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. Starting on March 1, to date Operation Stolen Dreams has involved 1,215 criminal defendants nationwide, including 485 arrests, who are allegedly responsible for more than $2.3 billion in losses. Additionally, to date the operation has resulted in 191 civil enforcement actions which have resulted in the recovery of more than $147 million.See the full content of this document
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Financial Fraud Enforcement Task Force Announces Results of Broadest Mortgage Fraud Sweep in History
"Mortgage fraud ruins lives, destroys families and devastates whole communities, so attacking the problem from every possible direc...
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