"Rounded Up" - Isn't rounding up part of why they were all arrested?

[AAbsolute]

This is just the beginning. None of these folks were on the production side of creating places.

FED SWEEP NETS 400+ REAL ESTATE SWINDLERS - New York Post

It's old, but good.

 

[Matt J]

It doesn't state that any of those arrested were licensed professionals. No mention of Realtors or Mortgage Brokers. It pretty much sounds like they rounded up con men who were preying on those that had bitten off more than they could chew.

 

[AAbsolute]

It doesn't state that any of those arrested were licensed professionals. No mention of Realtors or Mortgage Brokers. It pretty much sounds like they rounded up con men who were preying on those that had bitten off more than they could chew.

This FBI press release has some propaganda embedded in it, but some of it sounds real familiar to local real estate.

http://www.fbi.gov/pressrel/pressrel08/mortgagefraud061908.htm