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 […]

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