2011-02-25 — heraldtribune.com
"At least 14 people face federal charges in what law enforcement officials described Friday as one of the largest mortgage fraud conspiracies in Sarasota history.
In a press conference, U.S. Attorney Robert E. O'Neil detailed how former real estate agent Craig Adams and a group of associates defrauded banks out of as much as $42 million by flipping properties for inflated prices and fooling lenders into writing inflated mortgage loans."
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