WASHINGTON - A former attorney has been indicted on charges he preyed on struggling Maryland and Virginia homeowners.
A Prince George's County grand jury indicted 67-year-old Howard Shmuckler of Virginia Beach on a total of 30 counts: 10 counts of aggregate theft over $500, 10 counts of conspiracy to commit theft and 10 violations of operating as a credit business without a license.
Christy Ramero, chief of staff for the Special Inspector General for the Troubled Asset Relief Program, says The Shmuckler Group promised hundreds of homeowners loan modifications, lower interest rates and lower principals for a fee. Those homeowners never received those modifications.
Ramero says victims were told they had to pay the fee upfront, ranging from $1,500 to $7,000 per person.
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