Monday, July 14, 2008

Ex Loan Officer charged with wire fraud and conspiracy charges

Christopher Brooks, an ex loan officer, and his assistant, Amani Moss, who worked at a mortgage company, are charged with conspiracy and wire fraud, according to this article at the Seattle Times. The two obtained $27 million in fraudulent loans and acquire 54 different homes starting in 2005. They used straw buyers who would be paid between $7,000 and $10,000 for each transaction. They obtained the homes at inflated prices and then siphoned the extra money out for their own use.

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