Allegations of Nationwide Scheme by Banks, Mortgage Companies to Defraud Veterans

(WAGA) - The I-Team obtained thousands of pages of legal documents and personally examined more than a hundred closing statements belonging to veterans. According to federal loan records, there have been some 884,000 veteran home loans refinanced during the past eight years. The question raised in a racketeering and class action law suit is how many of those loans involved banks defrauding U.S. military veterans.