Two participants in a foreclosure rescue scheme were each sentenced to
five years in prison yesterday, according to a press release from the
U.S. Attorney’s Office in Manhattan. From September 2004 through April
2005, Andrea Moore and Michael Irving encouraged homeowners facing
foreclosure to refinance their homes with larger mortgages by selling
their homes to straw buyers. The homeowners were promised that they
could remain in their homes and the titles would return to them within
a year. Moore, 55, directed the daily operations of the scheme, while
Irving, 44, was the recruiter. Moore and Irving primarily targeted
homeowners in the Bronx and Brooklyn. TRD [more]