| |
|
|
|
|
Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
|
|
| |
DLJ Buys $50 Million in Bogus Loans
|
| |
November 21, 2008
In a lawsuit filed earlier this month, DLJ Mortgage Capital Inc. claims it was defrauded on $50 million in loans. The bad loans were not uncovered for several years because the defendants allegedly made payments on the fake loans. The mortgage banker who served as the ringleader is currently in prison for bribing a U.S. congressman.
For a decade, Thomas T. Kontogiannis led an elaborate criminal scheme, according to a complaint filed last week in U.S. District Court for the Eastern District of New York.
Several members of his family -- including his wife, three daughters and two sons-in-law -- were involved in the scheme and among more than two dozen defendants in the lawsuit.
Read story at MortgageDaily.com
|
|
|
