For the first time, the San Francisco District Attorney’s Office will have its first stand-alone mortgage and investment fraud unit.
The unit will be funded with a $1.06 million federal grant, which was announced by District Attorney Kamala Harris Tuesday as part of a regional effort to combat financial scams. The unit aims to protect desperate homeowners from mortgage and investment fraud, she said.
Harris and top prosecutors from San Mateo, Santa Clara and Alameda counties, as well as San Francisco Assessor-Recorder Phil Ting, called for federal oversight Wednesday.
The San Francisco district attorney’s office’s consumer protection unit has handled more than 450 complaints this year.