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."