An investigation dubbed "Operation Bankroll" involving an assortment of schemes including money laundering, identity theft, mortgage fraud and larceny. The indictment charges that between 2006 and 2009, the defendants participated in a series of financial and real estate scams in order to steal and launder money from the clients of a law firm, as well as clients of an Abstract Company.
This indictment was a result of an investigation that was initiated after the July 2008 murder of attorney Mark Schwartz and his wife in their home. The person responsible for of that crime is still unknown, although the investigation into this murder led prosecutors and investigators to this large criminal conspiracy which appears they were involved with.
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We must be vigilant against fraud, recognizing its signs and taking proactive, definite, and realistic steps to not only prevent it but also punish it.
It starts with me.
It starts with you.
It starts with us...
You are all encouraged to report any suspected mortgage fraud activity to authorities.
Michael S. Richardson
Director/Mortgage Fraud Services
Author of "An American Epidemic, Mortgage Fraud a Serious Business"
www.mortgagefraudsolutions.com
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