Federal prosecutors in Florida have accused eight current and former law enforcement officers, along with a group of attorneys and mortgage brokers, with falsifying documents to obtain $16.5 million in loans in order to buy and flip real estate, reports the Miami Herald.Feds allege that the Broward County-based group’s members — including seven current and former police officers, plus an FBI agent — “posed as ‘straw’ buyers who pledged to buy and live in 38 condos and homes in Broward and Palm Beach counties,” according to the Herald. But instead, the group rented the houses, and then sold them at a profit.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=124246