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10 Charged In NJ Mortgage Fraud Scheme That Swindled Low Income Buyers Out Of Thousands
Ten people including two at large have been charged in a mortgage fraud scheme that included racketeering, theft, tampering with records and money laundering across Essex County, authorities said.
Between 2016 and 2019, the individuals recruited unsuspecting buyers for investment properties in Newark, East Orange, and Irvington, Acting Essex County Prosecutor Theodore N. Stephens, II said Friday.
With little to no down payment and questionable financial stability, the buyers were led to entrust the entire mortgage application process to Darnell Alford, of Toms River, and Travis Glover…
