TAMPA (2010-2-8) -
The man behind one of the largest real estate frauds in Florida has recently turned FBI informant and could implicate dozens of others in a massive property flipping scheme.
The role of Sarasota real estate broker Craig Adams was revealed by the Sarasota Herald-Tribune as part of their ongoing investigation of mortgage fraud.
WUSF News Director Scott Finn interviewed investigative reporter Matthew Doig about Adams, and his scheme involving at least $200 million in property value, according to court documents.
Adams has implicated at least 30 people so far in his schemes, Doig said. More are expected to come as the investigation continues.
“This is just a small piece of it. It really could put Sarasota on the map as the mortgage fraud capital of the country,” Doig said.
READ MORE OF THIS STORY AT:
http://www.wusf.usf.edu/news/2010/02/08/sarasota_mortgage_fraud_capital_of_america
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