LANSING, Mich (WLMI) Federal indictments have been handed-down to seven people connected to a mortgage fraud ring in Lansing. Arrest warrants were issued Thursday charging the group with a bank fraud scheme involving nearly three-dozen homes. The Feds say the suspects would apply for mortgages, split the money and let the houses go into foreclosure. Prosecutors believe they were able to steal nearly two-million dollars over a two year period.



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