Mortgage fraud charges snare 22 in So...

Mortgage fraud charges snare 22 in South Florida

There are 131 comments on the South Florida Sun-Sentinel story from Jun 19, 2008, titled Mortgage fraud charges snare 22 in South Florida. In it, South Florida Sun-Sentinel reports that:

South Florida's slumping real estate market and the high rate of foreclosures has uncovered an "epidemic" of mortgage fraud, federal officials said Thursday as they announced criminal charges against 22 ...

Join the discussion below, or Read more at South Florida Sun-Sentinel.

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No Obama No Problem

Hallandale, FL

#1 Jun 19, 2008
And the Democrats want to bail eveyone out with Tax payer money.
Ashaunte Schwartzfarb

Hollywood, FL

#2 Jun 20, 2008
im shocked
Republicans R Bogus

United States

#3 Jun 20, 2008
Another case of Republicans either looking the other way wink wink, or direct involvement. The Dems need to help those who got screwed and prosicute those republicans that are theives. One wonders how long before the corrupt Jeb Bush gets arrested.
Republicans R Bogus

United States

#4 Jun 20, 2008
No Obama No Problem wrote:
And the Democrats want to bail eveyone out with Tax payer money.
wrong bubba, the want to help the ones screwed and jail the republicans. But, you maybe right, they will let the republicans off the hook.
r warren

United States

#5 Jun 20, 2008
Kenny Tang, a Coral Springs fraud, runs a business called IISG or Golden Dragon that is centered on mortgage fraud around the country and the Feds have been paid off not to go after him. He gets people to put second mortgages and first mortgages on their homes and "invest" with him. They loose the investment and then the home.
Yeah I said It

Pompano Beach, FL

#6 Jun 20, 2008
It brings some relief to know that these crooks are being targeted, people are struggling enough as is, and these fraudulent people are cold and money hungry that don't care who they exploit, hopefully they get charged and are liable to compensate their victims.

Since: Jan 07

Fort Lauderdale, FL

#7 Jun 20, 2008
What are they going to do, arrest 1/2 of S. FL, 1/2 of Nevada, and all of CA?:)

No crap there was TONS of MTG fraud going on; lying on that "stated income" loan is FRAUD, it's not a little white lie! How did none of the enforcement agencies see this in 2001-2? This is what ran up the home prices to nosebleed levels, and this is one of the root causes of the housing collapse we are now seeing.

Idiots.
Factoid

West Palm Beach, FL

#8 Jun 20, 2008
Sun-Sentinel missing the story again.

The real story is: The Attorney General of the United State is rounding up the people who caused the foreclosure disaster and the democrats in Congress is debating how much money to give them to bail them out something they created and are completely responsible for. Two of the members of Congress who are deciding how much of my money to give these low life's got sweet heart deals from Country Wide.

So the failed Bush administration is arresting crooks and
Congress is giving them our money. Where is the investigation from Congress on Congress?
what

Lake Worth, FL

#9 Jun 20, 2008
Well done FBI! Keep dropping them in the bucket.

Let's get the money back now......leave them penniless as they've left many more penniless.
Joe

Fort Lauderdale, FL

#10 Jun 20, 2008
The majority of the guilty people including the BUYERS who lied on the loan applications will never get caught. The Feds will make an example of a few people and then the whole thing will die. Same as when the banks failed in the late 80's and early 90's.
Reality Check

Jupiter, FL

#11 Jun 20, 2008
What!!! We're #1 in mortgage fraud? Imagine that. Actually, it shouldn't surprise anyone with all the scum living here. Its been going on down here forever. No.1 in Medicare fraud, No.1 in medical malpractice, No.1 in fraudulant immigration, No.1 in political corruption.....and No. 32 in the NFL. Sounds about right.
Reality Check

Jupiter, FL

#12 Jun 20, 2008
what wrote:
Well done FBI! Keep dropping them in the bucket.
Let's get the money back now......leave them penniless as they've left many more penniless.
I think they'll need lots and lots of "buckets".
DAS

Pinehurst, GA

#13 Jun 20, 2008
Florida,Land of the CROOKS...............
rukidding

Dothan, AL

#14 Jun 20, 2008
What is the difference between a mortgage broker and a bucket of
s hit?
Answer: the bucket
Mike

Chester, VA

#15 Jun 20, 2008
No Obama No Problem. You didn't even read the article. The article had nothing to do with the government trying to help anyone. I am sure you can obtain your GED somewhere.
Dave on Harrison

Miami, FL

#16 Jun 20, 2008
They need to be put away for a long time as these swindlers will simply pick up where they left off, they are career scammers.
the full list

Miami, FL

#18 Jun 20, 2008
JVF

Boca Raton, FL

#19 Jun 20, 2008
Buckeye wrote:
All Spanish. Who would have guessed THAT?
No kidding. Castro was smart by dumping the scums to Florida. Now we have to deal with them.
StraightArrow

Miami, FL

#21 Jun 20, 2008
Republicans R Bogus wrote:
Another case of Republicans either looking the other way wink wink, or direct involvement. The Dems need to help those who got screwed and prosicute those republicans that are theives. One wonders how long before the corrupt Jeb Bush gets arrested.
Keep on suckin up that koolade!
GOP Blows

Miami, FL

#22 Jun 20, 2008
No Obama No Problem wrote:
And the Democrats want to bail eveyone out with Tax payer money.
Hey MORON... this administration bailed out Bear Stearns the main culprit to the Sub Prime collapse... nice try you idiot!

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