Saturday, June 21, 2008

Who are the 406 in "Operation Malicious Mortgage"?

I wonder if anybody has actually seen a list of the much-hyped "406" indicted in "operation malicious mortgage," the FBI's vaunted crackdown on mortgage fraud, or any other fullscale survey of particulars. A Google News search (link) churns up a number of local names in local stories of people who, to all appearances, did in fact phony up mortgage applications to suck money out of lenders. But the initial press release (link) is full of enough grandiosity and short enough on specifics to make one wonder how many of those cases got swept up under the marquee for decorative purposes only.

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