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Thursday, August 04, 2011

Breaking News-10 Charged In $60 Million Mortgage Fraud Scheme

The FBI has arrested 10 people for allegedly participating in a $60 million mortgage fraud ring early Thursday morning in the New York area, FoxNews.com has learned.

Three more suspects are expected to be in custody by the end of the day, an FBI official said.

The 13 alleged members of the mortgage fraud ring include real estate attorneys, title closers, appraisers and straw buyers. They were arrested on conspiracy to commit bank fraud and wire fraud charges.

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