The scam allegedly revolved around a Hillsborough man who purchased the properties, demanding large commissions go back to the Realtor, an accomplice. Veronika Wright reportedly worked as the ringleader's mortgage broker, and Mitchell Wright created a Web site to substantiate bogus employment claims. In all, the scheme is believed to have defrauded banks of $1 million.
Acting U.S. Attorney Lawrence Brown said mortgage fraud is a top federal law enforcement priority as scams such as this one not only hurt the lending institutions but homeowners and taxpayers as well.
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