Cases filed and convicted: 2001-2003 data.
The IRS has long been after the mortgage scammers. About $606 million was included in mortgage fraud and this has alerted the FBI too, since they included real estate fraud in their list of white collar crimes. Let us take a look at the available statistics of 2001 to 2003.
In 2001, a total of 107 cases were filed and 85 of those were convicted. In 2002, case initiations rose to 166 but only 57 were convicted. 2003 came and case initiations rose to 215. The convictions, however, was not far from the 2001 data as 81 fraudsters were put behind bars.
Photo taken from http://www.cobbsheriff.org