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DOJ, FBI admit they inflated claims about mortgage fraud crackdownThe Justice Department and FBI have quietly acknowledged they grossly overstated the scope of a mortgage fraud crackdown, which the administration heralded with much fanfare a few weeks before last year's presidential election. Attorney General Eric Holder and other law enforcement officials claimed in early October that the initiative charged 530 criminal defendants on behalf of 73,000 victims who suffered over $1 billion in losses. The so-called Distressed Homeowner Initiative, which targeted fraud schemes against distressed homeowners, was highlighted in a press release and press conference at the time. The real numbers, it turns out, were far smaller. The feds now admit that the number of criminal defendants charged was more like 107, not 530. The number of victims was 17,185 -- still a large number, but roughly one fourth the size of the original headcount. And the losses totaled $95 million -- not $1 billion, as originally claimed.
Fox NewsEric Holder is about as honest as John Gotti.
