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Housing fraud schemes target HUD programs across cities
Congressional investigators say federal housing aid schemes skim many cities and involve 305 defendants with 107 convictions. The focus lies on FHA and HUD projects, with schemes inflating purchase prices and construction costs, leading to foreclosures and government losses. The effort targets big players, while probes may reach high-ranking HUD officials.
MENTIONED IN THIS ARTICLE
Margaret Gentry
Associated Press
Washington
Department
Department of Housing and Urban Development
HUD
U.S
Federal Housing Administration
Justice Department
FHA
Philadelphia
Thomas J. Gallagher Jr
James T. Lynn
Justice
Sub