Fifteen People Arrested in Mortgage Scam

According to state officials the FBI arrested 15 people, 12 from the family of 29-year old Yehuda Ruben, in a mortgage scam that brought them $20 million. According to U.S. Attorney Preet Bhahara the people arrested are from Brooklyn, Manhattan, and Orange and Rockland Counties. The indictments carry 21 charges of conspiracy to make false statements, aggravated identity theft, bank fraud, and theft of public money, on at least 20 loand, in which the defendants claimed to be rich and later pleaded bankruptcy to get out of paying them back, using the money to pay credit card bills, and mortgages on other properties, and personal expenses. 53-year old Monsey resident Pinchus Glauber faces charges of fraud for allegedly obtaining public assistance through foodstamps falsely, as well appraising real estate deals in the scam, and lying about property values, though his lawyer Kenneth Gribetz told the Journal News that Glauber is a licensed appraiser and was only compensated for his job.

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