Login
ISCOVER
FBI investigations into mortgage fraud have tripled in the past three years, the director of the FBI has revealed.
Robert Mueller, FBI director, told a House Judiciary Committee hearing that the caseload of mortgage fraud investigations had ballooned to more than 2,400 cases, Reuters reported yesterday.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
More than 560 of these are corporate cases, with many believed to be directly related to the financial crisis.
According to Mr Mueller the Bureau has set up a National Mortgage Fraud team, to identify the worst mortgage fraud perpetrators and evaluate where additional FBI employees might be needed.
The team was also using new investigative techniques including undercover operations, wiretaps and computer technology to uncover cases of fraud, he said.
