Posted on: April 24th, 2008
Filed Under: [ Real Estate ] [ Eye Openers ] [ California ] [ San Diego ]
Tags: fbi, judge, pbs, reporter
The FBI reports mortgage fraud cases are skyrocketing nationally. Yesterday, a key figure in a San Diego scheme admitted to forging documents to secure loans for mostly Latino borrowers who couldn’t afford them. A judge then sentenced Alejandro Lopez to three months in prison and four months in a residential re-entry center.
KPBS Reporter Amita Sharma has more on how the mortgage fraud worked in this case.”*
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