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CoolingBusinessLegal$7.3 million

Grand jury indicts 4 in sweeping $7.3 million mortgage fraud scheme targeting FHA and VA programs

What happened

United States Attorney for the Northern District of Texas Ryan Raybould announced charges against four defendants for allegedly orchestrating a multi‑year mortgage fraud scheme that resulted in the funding of more than 20 fraudulent home loans totaling approximately $7,339,699.

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Why it's spreading

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