Newark, NJ - A Jersey City police officer, Brian Ragauckas, 36, of Secaucus, was arrested today based on a Complaint charging him with bank fraud in connection with a $529,777 mortgage loan that he obtained through alleged false representations to the former Countrywide Bank FSB, U.S. Attorney Paul J. Fishman announced.
The Complaint was issued on March 8, 2010 and unsealed when Ragauckas was arrested this morning by Special Agents of the FBI.
An initial appearance before United States Magistrate Judge Mark Falk is scheduled for today at 2:30 p.m.
According to the Complaint, Ragauckas and his wife own property located in Secaucus, New Jersey which they purchased in June 2000 and which is subject to a thirty-year mortgage for $513,700. In or about March 2008, in order to facilit....
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