The Department of Justice charged nine New Jersey residents for operating a large-scale mortgage fraud scheme that caused losses of approximately $10 million.

Jose Salguero, Paul Chemidlin Jr., Delio Coutinho, Joseph DiValli, Christopher Ju, Carmine Fusco, Jose Martins, Yazmin Soto-Cruz and Kenneth Sweetman were all charged with conspiracy to commit bank fraud, U.S. attorney Paul Fishman said after arresting the individuals.

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