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Thursday, November 13, 2014

Family accused in $20 million mortgage fraud scheme

U.S. Attorney Preet Bharara refers to charts as he announced the unsealing of an indictment charging defendants with fraud in connection with mortgages and other loans Thursday at the Federal Courthouse in White Plains, N.Y. / Matthew Brown, The Journal News WHITE PLAINS, N.Y. - An extended family and several business associates were indicted on federal charges Thursday in a mortgage and welfare fraud scheme that authorities say netted more than $20 million. Federal agents arrested 13 people in pre-dawn raids in the ultra-Orthodox Jewish communities of Williamsburg in Brooklyn, Kiryas Joel and Monroe in Orange County, and Manhattan.

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