Twenty arrested for bank fraud, money laundering
Published:Friday | February 28, 2014 | 12:00 AM
SAN JUAN (CMC):
The United States Immigration and Customs Enforcement (ICE) agency says 20 individuals, including ringleaders, straw buyers, sellers, real estate agents, and an accountant have been arrested in 10 different municipalities here for bank fraud and money laundering.
ICE said the charges stemmed from a scheme to obtain money from mortgage lending institutions and resulted from an investigation conducted by its Homeland Security Investigations (HSI), the Federal Bureau of Investigations, the Internal Revenue Service and US Housing and Urban Development.
"These arrests are a reflection of the success that comes when federal, state and local law-enforcement agencies work together to target criminal organisations and individuals in Puerto Rico," said Angel Melendez, special agent in charge of HSI San Juan.