Four people charged in massive mortgage fraud
Organized crime was behind a massive mortgage fraud scheme. The Alberta Law Enforcement Response Team says taxpayers and banks were bilked out of millions of dollars with the scam, which police started looking into in October 2013. Investigators say more than 20 homes in Calgary, Fort McMurray and BC were purchased with fraudulent mortgages. The homes ranged in price from $300,000 to well-over $1-million. Four people are now facing dozens of charges. The group also created four fraudulent companies:...
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