Wire Fraud

Florida $30 million mortgage fraud scheme nets 27 charges 

Federal and state authorities charged dozens of South Florida residents in a series of mortgage fraud schemes that produced $30 million in fraudulent loans. The 27 Floridians conducted separate schemes, with many of the players obtaining funds illegally through the use of straw buyers and inflated home values on mortgage applications, according to authorities. At least one scheme involved a combination of arson, insurance fraud and mortgage fraud.