Former Phoenix loan officers part of latest mortgage fraud indictments
N ationally, the U.S. Attorney’s office recently announced results of its mortgage fraud crackdown called Operation Stolen Dreams. The most recent indictments for the crackdown in metropolitan Phoenix inlcuded former loan officers involved in cash-back schemes that artificially inflated the area’s home values and led to the housing market’s crash.
On June 1st, a federal grand jury in Phoenix returned a 30-count indictment against Jamie Lee Lawler, a former Countrywide loan officer and Phoenix real estate investor, and Brett Matheson of
Scottsdale, for wire fraud, conspiracy, money laundering for roles in a $38 million "mortgage fraud scheme."
The indictment alleges between 2005 and 2007, Lawler and Matheson conspired …
