Officials say Georgia has dropped from tops in the country in mortgage fraud to number six but remains a hotbed for fraudulent housing loans.
The U.S. attorney and head of the FBI division in Atlanta discussed the trends at a news conference Thursday as officials announced a nationwide crackdown in which 406 people have been charged since March 1, including seven in Atlanta on Wednesday.
The FBI estimates $1 billion in losses due to fraud related to the crackdown labeled "Operation Malicious Mortgage."
Greg Jones, special agent in charge of the FBI in Atlanta, said the bureau has arrested 60 people in Georgia over the past four years, involving millions of dollars in losses to lenders.
The U.S. attorney and head of the FBI division in Atlanta discussed the trends at a news conference Thursday as officials announced a nationwide crackdown in which 406 people have been charged since March 1, including seven in Atlanta on Wednesday.
The FBI estimates $1 billion in losses due to fraud related to the crackdown labeled "Operation Malicious Mortgage."
Greg Jones, special agent in charge of the FBI in Atlanta, said the bureau has arrested 60 people in Georgia over the past four years, involving millions of dollars in losses to lenders.
