Ongoing Nevada AG Criminal Probe Has 200+ Possible Foreclosure Rescue, Loan Modification Rackets On Prosecutorial Radar

In Carson City, Nevada, the Las Vegas Sun reports:

• More than 200 companies are under criminal investigation for mortgage fraud with ties to such things as identity theft and prostitution, Attorney General Catherine Cortez Masto says. Edith Cartwright of the attorney general’s office said many of those companies have 50 to 100 complaints against them.

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• Masto said the investigations center on mortgage foreclosure rescue scams or loan modification scams. “They are looking at various ways to scam people,” the attorney general said. “This is the easiest to set up shop and try to start taking dollars from mortgage fraud. But they are organized and they engage in other types of crime besides the mortgage fraud."

For more, see AG: 200 companies under investigation for mortgage fraud.