Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme

PHILADELPHIA, PA – December 8, 2009 – (RealEstateRama) — 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan.


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