| |
|
|
|
|
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. |
|
|
| |
|
| |
December 10, 2008
Houses allegedly bought with fraudulent mortgage loans were used to grow a new kind of potent marijuana known on the street as “purps,” apparently for its purple color. Twenty-two Metro Detroiters face drug, mortgage fraud and money laundering charges.
A federal grand jury indicted 22 people in connection with the drug and fraud ring that operated in Southeast Michigan since 2002. Allegedly led by Brian Osburn, 33, of Belleville, the group bought numerous houses to use in the growth and manufacturing of the hybrid drug. Restitution in the amount of $8.2 million is being sought by the government.
Others named in the indictment include: Jason Gross, 31; Jason Eric Osburn, 34; Trevor M. Osburn, 30; Robert Sulo Tarki, 37; Mark Kobus, 30; Sam Davis Kemerko, Jr., 30; Michael James Sciacca, 38; George Lee Thomas, 46; Darrick Dwayne Thomas, 28; Robert Dean Major II, 33; James Horn, 41; Kathleen Leonita Osburn, 58; Alexander J. Marinello, 44; Justin Sykes, 32; William Morse, 27; James Laroche, 37; Phillip Hogan, 35; David Aaron Friedman, 27; David Marcum, 31; Matthew McDonald, 30; and Andrew David, 23.
Read story at The Detroit News
|
|
|
