Federal agents arrested eight North Texas men Wednesday in connection with an alleged mortgage fraud operation involving at least 11 homes in the Dallas-Fort Worth area. In a 51-count indictment, the eight men and three other defendants stand accused of profiting by obtaining mortgages based on inflated sales prices. Prosecutors alleged that the defendants recruited straw buyers to purchase the homes, then let the loans go into foreclosure after making just a few payments.

Full story: dallasnews.com