The Federal Bureau of Investigation (FBI) has announced an investigation “Operation Malicious Mortgage“. FBI Director Mueller announced that the investigation has resulted in charges being filed against 400 defendents over a 3 to 4 month period.

The FBI worked with the cooperation of other government agencies including the U.S. Postal Service, Internal Revenue Service and the Secret Service. The investigation has secured more than $60 million in assets.

Director Mueller stated that the FBI caseload of mortgage fraud cases has doubled from 1,400 a year ago. The FBI is committed to investigating mortgage fraud to protect the consumer and stabilize the economy.

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