Newark, NJ – 13 September 2018 – A New York real estate broker and a Bergen County, New Jersey, homeowner were sentenced today for their respective roles in a $3.5 million scheme to use false 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.
Read More!
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