Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams


‘Operation Loan Lies’ Aims to Help People At Risk of Losing Their Homes

July 13, 2009 – (RealEstateRama) — As part of a federal/state law enforcement initiative, the Federal Trade Commission will hold a press conference in Los Angeles, California, on Wednesday, July 15, 2009, at 10 a.m., Pacific Coast Time to announce an effort to crack down on mortgage-related scams. FTC Chairman Jon Leibowitz and California Attorney General Jerry Brown will be available to answer reporters’ questions.

WHO: Jon Leibowitz,
Chairman of the Federal Trade Commission

Jerry Brown,
Attorney General of California Rene Ruelas,

WHEN: Wednesday, July 15, 2009,
10 a.m., Pacific Coast Time
WHERE: California Dept. of Insurance briefing room
Reagan State Office Building
First Floor
300 South Spring Street
Los Angeles, CA
Call-in information will be available Tuesday.
PRESS CONTACT: Office of Public Affairs

The Federal Trade Commission (FTC) deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy.

The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.


1-877-FTC-HELP (1-877-382-4357)

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