Thursday, November 13, 2008

FBI Targets Mortgage Fraud in Hawaii

We are going to be seeing more and more of these types of cases in the coming months.

From the Honolulu Advisor

The FBI has opened multiple mortgage fraud investigations in Hawai'i as a result of the fallout from the nation's subprime mortgage crisis, the bureau's director said yesterday.

FBI Director Robert S. Mueller III, speaking to reporters on a stopover following a trip to Asia, confirmed the subprime mortgage mess has reached Hawai'i.

"It is a substantial problem. We have several investigations ongoing here in Hawai'i," said Mueller, speaking at the FBI's Honolulu office. "There is not a state in the country that is not dealing with this. We generally have investigated and successfully prosecuted these individuals."

Full article here.

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