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Resource ID: #17289
Subject: Fraud
Source: Democrat and Chronicle (Rochester
Affiliation: 
Date: Feb. 13 - Dec. 31, 2000

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Description

"Prompted by an anonymous tip in Dec. 1999, the Democrat and Chronicle launched an investigation into a series of suspicious real estate deals in Rochester's upscale suburbs. ... (The investigation) revealed that a local family of builders, the Amicos, apparently sold houses at vastly inflated prices -- often to straw buyers -- creating a deluge of foreclosures and plummeting real estate values."

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