Investigators Check Out San Marcos Company For Possible Mortgage Fraud
Last Updated: 1586 days ago
The I-Team was the first to expose a fraudulent company promising to save homeowners in trouble.The story and the company, Nations Housing Modification Center, (NHMC), has gotten national attention after ABC News investigator Brian Ross saw the I-Team's report.The same day the story got national attention on "Good Morning America," I-Team tipsters caught NHMC employees getting rid of paperwork, which could be considered evidence, if the loan modification offers don't work, as victims and former employees suggest they won't.A tipster provided cell phone video and still photos of a shredding truck that hauled away a dumpster full of NHMC paperwork."It says all the wonderful things they can do for me," said Nancy Coxall of Boston who had gotten a mailer from NHMC's Washington D.C. address, which turned out to be a P.O. Box at a UPS Store on Pennsylvania Avenue."They're totally illegitimate crooks," said former NHMC employee Tom Fatica.The I-Team has reported how NHMC's owner Mike Trap was previously part of San Diego's largest ponzi scheme of all time. NHMC employee Bryan Rosenberg was convicted in 2003 of a mortgage fraud scheme in Baltimore."They defrauded a bunch of the lenders around the country who provided the funding for those projects," said former U.S. Attorney Dale Kelberman who prosecuted the case. "Their history, conduct shows that these are not guys I would believe.""People are looking for help," said ABC News investigator Brian Ross who has been working with the I-Team on this story.The I-Team has confirmed TARP -- the Troubled Asset Relief Program -- a new watch dog agency created by President Obama, is actively investigating this case.