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.
In an indictment that was unsealed this past Friday, a man was formally accused of committing $27 million in Medicare fraud across a six-year period. The man, 62, has now been charged with aiding and abetting, conspiracy, money laundering and health care fraud. The man's business partner, 64, faces the same set of charges. Both have been arrested by federal authorities.
In a mortgage fraud case that has been under development for years, a former trader for investment banking firm Goldman Sachs has been found liable by federal regulators.