Federal Probe Focuses on Apartment Mortgage Fraud: WSJ – Arbor Realty Trust, Inc.

The investigation, still in its early stages, has so far resulted in a fraud-conspiracy indictment against four real-estate executives in upstate New York for falsifying information that helped them secure loans multi-family properties, the Wall Street Journal reports.

Source: Federal probe focuses on apartment mortgage fraud: WSJ – Arbor Realty Trust, Inc. (NYSE:ABR) | Seeking Alpha