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For Immediate Release:
 March 05, 2012

Media Contact:
Det. Alvaro Zabaleta
[email protected]
(305)471-1900
   
Topic: Mortgage Fraud
Case #: PD071210663912
Date & Time of Occurrence: 03/01/2012 at 3:00 a.m.
Address of Occurrence: Miami-Dade County
  Miami, Florida
   
Subject #1:
Subject Name: Patel Abdul Rashid, (W/M)
Subject DOB: 10/31/1971
Subject Age: 40
Subject Address: 2300 SW 182 Avenue
  Miami, Florida, 
Subject Charges: Racketeering / Conspiracy to Commit Racketeering / Organized Scheme to Defraud
Subject #2:
Subject Name: Abdul Basit, (W/M)
Subject DOB: 10/01/1968
Subject Age: 48
Subject Address: 17606 SW 135 Avenue
  Miami, Florida, 
Subject Charges: Racketeering / Conspiracy to Commit Racketeering / Organized Scheme to Defraud
Subject #3:
Subject Name: Yolanda M Hernandez, (W/F)
Subject DOB: 12/28/1963
Subject Age: 48
Subject Address: 9917 W. Okeechobee Rd Apt 4110
  Hialeah Garden, Florida, 
Subject Charges: Racketeering / Conspiracy to Commit Racketeering / Organized Scheme to Defraud
Subject #4:
Subject Name: Jesus Fernando Alvarez, (W/M)
Subject DOB: 06/28/1963
Subject Age: 48
Subject Address: 1640 West 74 Street
  Hialeah, Florida, 
Subject Charges: Racketeering / Conspiracy to Commit Racketeering / Organized Scheme to Defraud
Subject #5:
Subject Name: Juan Luis Quevedo, (W/M)
Subject DOB: 11/14/1938
Subject Age: 73
Subject Address: 305 NW 72 Avenue, Apt 402
  Miami, Florida, 
Subject Charges: Racketeering / Conspiracy to Commit Racketeering / Organized Scheme to Defraud
Subject #6:
Subject Name: Eimy Rodriguez, (W/F)
Subject DOB: 09/20/1981
Subject Age: 30
Subject Address: 1245 West 24 Street, Apt A-109
  Miami, Florida, 
Subject Charges: Racketeering / Conspiracy to Commit Racketeering / Organized Scheme to Defraud


Mortgage Fraud


(Miami-Dade County, FL) -- 

The Miami-Dade Police Department (MDPD), Mortgage Fraud Task Force (MFTF), with the support and assistance of the Miami-Dade County Statewide Attorney's Office, arrested and charged six (6) of eight (8) subjects with the Racketeering (RICO), Conspiring to Racketeer and Organized Scheme to defraud totaling over $5.8 million.

According to detectives, this investigation is the continuance of a previous mortgage fraud investigation that was initiated in December 2007.  It resulted in the arrest of four (4) straw buyers and a licensed accountant who were the willing participants to mortgage fraud.  This subsequent investigation revealed that the main orchestrators ranged from recruiters, realtors, straw buyers and other mortgage insiders.  Their positions allowed them to inflate the price of the multiple properties and create fraudulent mortgage documents in order to obtain large sums of money.

Based on the collected investigative evidence and with the assistance of the Florida Statewide Prosecutor's Office, arrest warrants were issued.  On March 1, 2012, these individuals were located a placed under arrest and charged with the crimes listed above. 
 
Anyone with information regarding this incident is urged to contact CrimeStoppers
(305)471-TIPS (8477) or (866) 471-8477
Visit www.crimestoppersmiami.com and select “Give a Tip”
Send a text message to 274637. Enter CSMD followed by the tip information and press send.
   

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MIAMI DADE POLICE DEPARTMENT
9105 Northwest 25th Street Doral, FL 33172-1500
Doral, FL 33172-1500
(305)471-1780