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19 people charged in California in major mortgage scam
largest foreclosure rescue scam in the United States
09:55AM Tuesday Mar 25 2008 by seagreen
Federal prosecutors Monday charged 19 individuals, mainly from Southern California, with defrauding homeowners in trouble partly by using "foreclosure rescue pitches" and an equity-draining technique called equity stripping.

Two indictments made public Monday accused Charles Head, 33, of La Habra; his brother, Jeremy Michael Head, 30, of Huntington Beach; and others of taking part in a nationwide mortgage scam that stole $12.6 million and fraudulently obtained the titles to more than 100 homes.

More here: Los Angeles Times

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