WHITE PLAINS, N.Y. (CBSNewYork/AP) — Twelve members of a single family were charged Thursday with lying to lenders to obtain more than $20 million in mortgage loans over the past decade, most of which went into default.
An indictment unsealed in federal court in White Plains charged Irving Rubin and his relatives with conspiring to defraud and conspiring to make false statements. It alleged that family members — from Brooklyn and Kiryas Joel, in Orange County — used the proceeds to pay their credit card debts and their own home mortgages and to fund other real estate projects.
The defendants include Rubin, his wife, two sons, three brothers and five in-laws. A lawyer and an appraiser also were charged.
WEB EXTRA: Read The Indictment
The indictment said family members lied to lenders about their assets, income, employment and primary residence to obtain mortgages on at least 18 properties they claimed to own, most of them in Brooklyn.Comments