Florida Department of Law Enforcement (FDLE) agents arrested Gilberto Luna, 59, of Miami, on mortgage fraud charges.
The investigation dates back to 2009 when agents were tipped off by a lender who suspected Luna of engaging in fraudulent transactions.
Luna is accused of providing false information on loan applications to purchase five properties in located Brevard, Orange, and Miami-Dade.
Those properties were valued at over $1 million total. The investigation also found that Luna was paid more $95,000 in compensation from wire transfers and checks from companies involving a closing agent.
In 2008 all of those properties went into foreclosure and Luna filed for bankruptcy. He was booked into Miami-Dade's Turner Guilford Knight Correctional Center.
Pictured Above: Gilberto Luna
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