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4 Indicted In $4 Million Mortgage Scheme

A federal grand jury in Los Angeles, California, has indicted four people in a mortgage fraud scheme that collected approximately $4 million in loan proceeds for properties that were not for sale. Those named in the indictment and charged with conspiracy, wire fraud and money laundering are:
Angela Cotton, 38, Fontana, California, who allegedly ran a bogus title company and who self-surrendered to federal authorities;
Terral Toole, 40, Irvine (formerly …

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Original post by default@goarticles.com (Robert)

This entry was posted on Monday, July 7th, 2008 at 7:48 am and is filed under Mortgage Fraud, California. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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