Wednesday, January 16th, 2008
A local escrow officer was arrested after Metro Fraud investigators say she pocketed more than $500,000 in escrow funds. Metro says this latest case is just the tip of the iceberg in what they believe will be a deluge of mortgage fraud cases in the weeks and months ahead.
Metro say this is yet another ripple effect of Nevada’s worsening foreclosure crisis.
During a news conference Wednesday afternoon, Metro Fraud investigators said they are starting to see a significant increase in the number of victims who have been ripped off in foreclosure scams.
