Find Your Daily Voice
Essex
Your Local News for Essex County, New Jersey
Friday, may 24
87°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Neighbors
Lifestyle
Politics
Sports
Events
Legal
Real Estate
Tags
Jobs
Shop
Support Us
Essex
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Neighbors
Lifestyle
Politics
Sports
Events
Legal
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
87°
Friday, may 24
Tag:
Cabral Simpson
Police & Fire
Feds: Belleville Real Estate Investor Nabbed In Million-Dollar Mortgage Scheme
A Belleville real estate investor doctored applications to obtain more than $1 million in mortgages that all defaulted, federal authorities said. Cabral Simpson, 43, and a group of co-conspirators left lenders and the U.S. Department of Housing and Urban Development holding the bag by creating bogus bank statements and fake employee verification records for unqualified property buyers, U.S. Attorney Craig Carpenito said. They then transferred enough money into the buyers’ bank accounts to cover the property deposit, Carpenito said. The scheme "induced lenders to issue more than $1 million …