Without the checks and balances provided by investigative reporting, democracy simply won't survive at any level.
-- Kathryn Waer, San Carlos

Sommerset

Part I: A Staggering Swindle

Rented Identities, Extravagant Prices and Foreclosure: A Post-Boom Real Estate Scam
»: January 21, 2010 - 2:29 pm

Jim McConville used rented identities to buy 81 condos in Escondido and San Marcos last year, pulling $12.5 million from the deals. Now, the condos face foreclosure, at least one lender says he's ruined and U.S. taxpayers could be on the hook.

Part II: A Staggering Swindle

How It Could Happen in 2008
»: January 21, 2010 - 2:31 pm

Despite the efforts to clamp down on the easy-money excesses of the housing boom, the story of 81 bogus condo sales in North County shows the real estate financing system -- all the way up to giant government-run mortgage companies -- remained vulnerable to greed and deception in the last year.

A Staggering Swindle on NBC 7/39

A Staggering Swindle on NBC 7/39
»: January 21, 2010 - 2:31 pm

The Images and Illustrations of A Staggering Swindle