TOP STORIES
 
[20 min ago ]
(Brad Puffer, NECN) - A proposed hike in tolls on the Mass Pike and the tunnels has raised a debate in Massachusetts. House Speaker Sal DiMasi has said that an increase in the gas tax is a fairer way to share the costs of the Big Dig. The current gas...
read more
[49 min ago ]
(NECN) - Representative Henry Waxman (D-CA) beat out Representative John Dingell for the chairmanship of the powerful House Energy and Commerce Committee, a group in which Dingell has been the top Democrat for 28 years. Waxman took the chairmanship...
read more
[2 hours ago ]
(NECN) - It seems more likely that Hillary Clinton will be the next Secretary of State. People close to her said the New York Senator is considering whether to take the post. Former President Bill Clinton has already agreed to several concessions...
read more
CATEGORIES
  



Breaking News          [ 37 min ago ]
4 arrested at Boston's English
(NECN) - According to the Boston Police Department, four people have been arrested for trespassing at English......read more
NATION: Over 400 mortgage fraud arrests made nationwide
TOP VIDEOS
 
June 19, 2008
Over 400 mortgage fraud arrests made nationwide


(NECN: Washington) - FBI Director Robert Mueller discussed "Operation Malicious Mortgage" on Thursday. More than 400 real estate industry players have been indicted since March, including dozens over the last two days, in a Justice Dept. crackdown on incidents of mortgage fraud nationwide.

"Operation Malicious Mortgage" focused on lending, foreclosure rescue schemes and mortgage-related bankruptcy schemes.

The fraud has contributed to the country's housing crisis.

In a separate sweep, two former Bear Stearns managers in New
York were indicted Thursday, becoming the first executives to face
criminal charges related to the collapse of the subprime mortgage
market.

Related Stories:
© 2008 NECN and Sausage Labs. All Rights Reserved. · Terms of Use and Privacy Statement