Prosecutors said the scheme resulted in about $6 million in actual losses, with 11 suspects — including an Iranian and Azerbaijani national — accused of stealing victims’ identities, taking out mortgages on their homes and pocketing the cash.

"There is no shortage of massive fraud occurring within California," Bill Essayli, first assistant United States attorney, said in a statement. "Today’s operation represents one of many sophisticated schemes used by criminals — including foreign nationals — to defraud U.S. citizens and taxpayers of their hard-earned property. Those days are over under this U.S. Department of Justice. These defendants will be facing significant prison time for their charged conduct."

Authorities allege the group targeted elderly homeowners between 2021 and 2023, stealing personal information and using it to create fake IDs and email accounts to impersonate victims. They then applied for high-value "hard money" loans backed by the victims’ properties, submitting falsified documents including bank statements, rental agreements and medical records.

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Please note: these fraud accusations are for as far back as 2021. That means 5 years! 

Just because someone seemingly got away with fraud, doesn't mean it won't come up later. 

Be REALLY careful to follow the law with "Subject To", buying properties using "Creative Finance", and on credit apps. 

https://www.foxnews.com/us/fbi-raids-hollywood-mansion-in-17...