Florida's crackdown on financial crimes continues. A notable recent example is a mortgage fraud case in which indictments have been filed against seven individuals accused of defrauding Miami residents. The indictments were issued in the Southern District of Florida.
A mortgage fraud scheme accumulated staggering amounts of cash from illicitly obtained loans before federal authorities were finally able to stop it. The scheme was perpetuated across eight years, according to data released by federal prosecutors working on the case.
Two defendants in a high-profile mortgage fraud case confessed to their complicity in the scheme, according to a recent statement from s U.S. Attorney.
As more and more aspects of American life center around online activities, authorities are becoming increasingly concerned about cyberfraud. Facebook's security team has led the way on private efforts to protect its users. In a groundbreaking move, the massively popular social network joined forces with the FBI to identify a group of suspects from around the world.