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Mortgages : NY's Spitzer indicts 8 on mortgage fraud (Reuters)

Blogger : Yahoo! News: Personal Finance News
All posts : All posts by Yahoo! News: Personal Finance News
Category : Mortgages
Blogged date : 2006 Apr 25

New York Attorney General Eliot Spitzer at a news conference in New York, July 25, 2005. Spitzer and state Banking Superintendent Diana Taylor on Tuesday said they will announce 'the dismantling of a massive mortgage fraud ring' later on Tuesday. (Mike Segar/Reuters)Reuters - The New York Attorney General and the state's banking department on Tuesday announced the indictments of eight individuals who allegedly participated in a scheme that defrauded residential mortgage lenders of "tens of tens of millions of dollars" over the past five years.



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