The indictment names Yehuda Rubin, 29, as the scheme's organizer, accusing him of participating in 10 fraudulent loans. He allegedly acted as a borrower, the borrower's power of attorney, mortgage broker, distributor of the money and arranger of short sales.
The borrowers who fraudulently obtained loans allegedly included various family members and associates: Yehuda Rubin's father, Irving Rubin, 58, of Brooklyn; Irving Rubin's brothers Abraham Rubin, 51, Jacob Rubin, 41, and Samuel Rubin, 59, all of Brooklyn; another of Irving Rubin sons, Joel Rubin, 3