Newark, NJ – Tuesday, December 17, 2019 – A Bronx, New York, man today admitted participating in a conspiracy to carry out a $3.5 million scheme to use bogus information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit, a practice known as “shotgunning,” U.S. Attorney Craig Carpenito announced.
More Stories
Nearly One in Five American Families Fell Behind on Debt Payments
STUPID STUFF FRAUDSTERS BUY: Gotta Fraud ’Em All!
Two Men. Two Stolen Identities. One Greenwich Dealership.
The Risk Didn’t Leave Auto Finance, It Changed Hands
Financed Monday. Exported Friday.
The Seasonal Loan Delinquency Reprieve May Be Ending