Four Florida men have been indicted in a $3 million scam in which they allegedly charged struggling homeowners for free home loan modification applications.
US Federal prosecutors in Boston yesterday disclosed the arrests of Christopher Godfrey, 42, of Delray Beach, Dennis Fischer, 40, of Highland Beach, Vernell Burris Jr., 51, of Boynton Beach, and Brian Kelly, 34, of Boca Raton.
The indictment alleged their firm, Home Owners Protection Economics Inc., virtually guaranteed clients a federally funded home loan modification and charged thousands of customers a $400 to $900 upfront fee.
The firm then allegedly sent clients an application package nearly identical to a free federal application. The indictment said most clients’ applications were denied.
The men face charges including nine counts each of wire and mail fraud. It wasn’t determined if they had attorneys.