Crime Library: Criminal Minds and Methods
A Criminal Economy
Rags to Riches to FBI Raid
Rags to Riches to FBI Raid
High school dropout Eve Mazzarella found soaring success in real estate, climbing from work as a maid to a place on the National Association of Realtors' "30 Under 30" list. However, her impressive $13.8 million in sales turned out to not have been honestly earned. Mazzarella, 31, and her husband Steven Grimm, 45, were indicted in Las Vegas in March 2008 after an FBI raid on their house, charged with bank fraud, money laundering, and aiding and abetting the same. The couple netted $8.7 million by paying people with good credit to pose as buyers on a property, offering the seller more than the asking price and using their own name to apply for the mortgage. The price difference and the property would then be transfered to Mazzarella's and Grimm's limited liability company and another buyer would be recruited to purchase the same property at an inflated price, until there were no more buyers and the last one would be stuck with the loan in their name with nothing left to do but file for bankruptcy. Mazzarella and Grimm have been ordered to surrender their passports and are awaiting their trial, which is set for October 19th, 2009.
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