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    Gang member accused of leading mortgage fraud scheme

    Tue, 04/07/2009 - 19:18 EDT - LA Times

    A federal indictment says a 38-year-old man and 23 co-conspirators built a scam around the sale of 220 San Diego-area homes with mortgages worth more than $100 million.

    Two dozen people have been charged with racketeering in connection with a fraudulent mortgage scheme run by a street gang member, according to an indictment unsealed Tuesday in San Diego federal court.

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