| |
|
|
|
|
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. |
|
|
| |
$10 Million Home Equity Scam
|
| |
November 28, 2008
A worldwide "high tech" fraud ring was busted by the FBI, but not before the gang wired more than $2.5 million of the $10 million scam into accounts as far away as Japan and South Korea, among others.
The thieves stole the money by hijacking home-equity lines of credit that was issued to thousands of consumers by hacking into bank, credit union, and other online databases to garnish personal information used in the scam.
Several individuals have been arrested, including: Hakeem Olokodana, 41, of New Jersey; Derrick Polk, 45, of Los Angeles; Oludol Akinmola, 37, and Oladeji Craig, 39, of Brooklyn, N.Y.; Oluwajide Ogunbiyi, 32, of Springfield, Ill.; Yomi Jagunna, 44, Queens, N.Y.; Abayomi Lawal, 45, of Brooklyn; and Daniel Yummi, 40, of New York; Precious Matthews, 27, of Miami; Ezenwa Onyedebelu, 20, and Brandy Anderson, 30, both of Dallas.
Read story at The Washington Post
|
|
|
