Six Charged in Mortgage Fraud Case

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In a recent IRS/FBI mortgage fraud case, six people are being charged with money laundering and wire fraud. The accused have allegedly submitted false information to obtain over $3 million dollars in mortgages. A current IRS/FBI case on lending companies, which has already led to 10 arrests, revealed the scheme. According to prosecutors, the accused plan on pleading guilty and will face penalties of up to 30 years in prison and $1 million in fines.