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Jazmin Villalba Martinez

Four in Washington Indicted in $8.6 Million Mortgage Fraud Scheme

Courthouse/Credit: Photodisc

U.S. Attorney Jenny A. Durkan has announced that four Seattle, Wash.-area residents have been arrested on a 21-count indictment charging them with conspiracy, bank fraud, wire fraud, and mail fraud. The mortgage fraud scheme ran from 2006-2008 and defrauded more than 10 banks, financial institutions and mortgage lenders of more than $8.6 million. More than 50 mortgages were involved on properties in a variety of communities around Puget Sound including Medina, Renton, South Seattle, Bellevue, Redmond, and Kirkland.Click to continue