Manhattan DA indicts 18 people for alleged mortgage, deed fraud scheme
Eighteen people have been indicted in Manhattan in relation to alleged deed theft and mortgage fraud, Manhattan District Attorney Alvin Bragg announced Thursday. The alleged scheme involved stealing the deed to a Manhattan brownstone through identity theft, artificially inflating the value of the property and cashing out via a mortgage. Nationally, law enforcement agencies have been increasingly bringing cases on alleged mortgage fraud, often involving schemes to inflate property values or take out mortgages on third-party properties. New York prosecutors are focusing on these schemes and hoping to root out further offenders, with the district attorney accusing more than a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The Summer 2026 Rent-to-Payment Report: Where You Can Still
Cash Flow With Real Estate
From Handwritten Letters to 14 Units: How a College Freshman
With No Credit Built a Cash-Flowing Portfolio
Zillow: $1,000/Month Cash Flow Exists in These
Markets
Citywide ballot measures pitch faster permitting,
procurement
295 Fifth Ave owners push for revival with
refinancing
Turret takes over debt on troubled Upper East Side condo
buildings
BXP putting 7 Times Square ground lease on the
market
Park Slope fixer-upper tops Brooklyn’s luxury contracts
after 34% price cut
Former Mets ace strikes neighborhood peak with $26M Soho
flip
Is Mamdani’s “tenant equity” program oxymoronic? Or just
moronic?
