5 from Fresno charged in housing fraud scheme
FRESNO, Calif. (AP) -- Authorities say five people from Fresno have been arrested on suspicion of running a statewide housing scheme that led to the fraudulent seizure of 23 houses in nine counties.
The Fresno Bee reports (http://bit.ly/1a9TXkN) the California Attorney General's Office charged the five Wednesday with 288 felony counts including perjury, filing false court records and preparing false evidence.
A sixth suspect remains at large.
The complaint says the suspects provided fraudulent statements in court to obtain at least 23 homes across the state, some of which were then sold or rented.
The suspect face prison time and restitution payments of at least $3.5 million.
The case was headed by the Mortgage Fraud Strike Force, which investigates and prosecutes misconduct at all stages of the mortgage process.
Information from: The Fresno Bee, http://www.fresnobee.com