Denver Daily News
Colorado -- Eight illegal immigrants were arrested Tuesday for purchasing homes using fraudulent citizenship and/or financial documentation, said the Jefferson and Gilpin counties District Attorney yesterday.
The homes were sold by participants of a mortgage fraud ring operating in Jefferson County. Between July and September 2005, the District Attorney’s Office indicted 10 people as part of that operation, following a lengthy investigation by the Gaming Division of the Colorado Bureau of Investigation.
The defendants were doing business out of the ReMax 100 Office in Lakewood. In three separate indictments, the alleged illegal activity was the same: realtors, loan officers and sales agents were accused of working together to sell single-family homes to 256 persons who, because of their citizenship and/or financial circumstances, were not qualified for home loans.
Posted by Richard at October 26, 2006