The grant will enable the unit to add four investigators and two prosecutors to its current staff of three investigators and three prosecutors. This means more cases will be investigated and prosecuted, increasing the amount of funds recovered through restitution for victims.
The Attorney General’s Mortgage Fraud Unit has criminal litigation files open against 18 loan modification companies in Clark County. An additional 51 cases have been designated for civil handling and are at various states of prosecution.
The unit has obtained indictments against 20 mortgage fraud defendants for a combined total of 128 felonies. It has successfully obtained convictions against nine defendants to date, resulting in seven felony convictions for mortgage fraud-related crimes.
Prosecutions have resulted in restitution orders totaling more than $306,332 payable to victims.