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Six arrested in major mortgage fraud probe

Six people have been arrested in a major mortgage fraud investigation in Nottinghamshire.

A team of officers and staff from Nottinghamshire Police’s fraud and financial investigation unit have today arrested several people in connection with a major fraud investigation.

Nottinghamshire Police were assisted by City of London fraud squad officers, and warrants were executed at eight addresses, which resulted in six people being arrested. Two premises are also being searched in the north west of England.

This is part of an extensive investigation into suspected fraud, where it is alleged that millions of pounds of funds have been obtained through fraudulent mortgages for properties in Nottingham and the surrounding area.

Nottinghamshire Police is continuing to work closely with the financial institutions involved and is also receiving assistance and cooperation from a number of other professional agencies.

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. The tip of the iceberg.

  2. Not the tip of the iceberg IMHO. Fraud is prevelant, to a very small degree, in any industry whether it be the financial/retail/wholesale/service sector. Just very easy to jump on the bandwagon and assume its happening everwhere

  3. As always, the question arises as to how long this fraud has been going on and whether or not the FSA should have been onto it. After all, the FSA assumed responsibility for the regulation of mortgages as long ago as Monday 1st November 2004 but seems only quite recently to be actually doing anything in that direction.

  4. As Julian implies, why is it all coming out of the wood work NOW?

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