'Malicious Mortgage' Sweep Nets 6

(CN) – Six people face felony charges of mortgage fraud, in part of a nationwide sweep called “Malicious Mortgage,” federal prosecutors said. The operators of San Diego-based Creative Financial Solutions are charged with defrauding lenders of $3.9 million in bogus loan applications submitted with false documents, sometimes on behalf of unknowing borrowers.     Charged were Rafael Santiago, 39, of Riverside; Abner Betech, 27; Said Betech, 32, Aviva Betech, 29, all of San Diego; Angel Armendariz, 27, and Lucette Montane, 25, both of Chula Vista. If convicted of federal wire fraud, they each face up to 20 years in prison and a $250,000 fine.