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September 18, 2007

Alleged Mortgage Fraud in Solon, Ohio

Last week, Cuyahoga County Prosecutor Bill Mason announced indictments involving 26 people who were allegedly involved in a scheme to cheat lenders of $2.6 million dollars. The defendants include a cab driver and a machinist who allegedly acted as "straw buyers" and inflated their incomes in order to borrow heavily to buy expensive homes in Solon, Ohio. The Prosecutor's office has posted a detailed summary of each of the 4 home sales that were involved. Click here to read the Plain Dealer's story on the cases.