SFO charges seven people over mortgage fraud

Fri, 24 May 2013

May 24 (BusinessDesk) - The Serious Fraud Office has charge seven people over a series of alleged mortgage frauds between July 2007 and December 2010. The white-collar crime investigator has laid 48 Crimes Act charges against the group, with the primary defendant Eli Devoy, it said in a statement. Devoy, who goes by the name Ellie Stone, faces 26 charges and is accused of conducting a $9.2 million of property deals which deceived various banks into approving mortgage applications based on false documents and information. “Financial crime in...

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