Three lawyers were among 13 individuals indicted in Manhattan Wednesday on charges of operating a mortgage fraud scheme that bilked banks and other lenders out of at least $12 million.
District Attorney Robert M. Morgenthau said at a news conference Wednesday that evidence uncovered during a 10-month investigation indicates that the overall scam operated from AFG Financial Group, a mortgage brokerage firm in Garden City, N.Y., could have swindled lenders out of $102 million and possibly more.
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