- Associated Press - Wednesday, September 24, 2014

DENVER (AP) - Six members of a Denver family are accused of conspiring to run a mortgage-fraud scheme that cost lenders up to $4.6 million.

A 37-page indictment announced Wednesday accuses Jose Ricardo Sarabia-Martinez and Lauren Maes Sarabia of crimes spanning two decades. The other four charged in the indictment are Sarabia-Martinez’s twin brothers and parents.

The Denver Post reports (http://dpo.st/1rnsEd9 ) that the family is accused of seeking gullible would-be homeowners, then falsifying documents to artificially inflate their worth and acquire multiple mortgages. Properties were then illegally acquired, with the homeowners’ credit ruined.

Criminal charges include violations of the Colorado Organized Crime Control Act, forgery, theft, attempt to influence a public servant, criminal impersonation.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide