Rochester, N.Y. - The headquarters of the owner of a dozen apartment complexes in the Syracuse area were raided Monday.
The FBI raided the Rochester-Area headquarters of Morgan Companies. They own 13 complexes in Liverpool, Camillus, Mattydale, Baldwinsville, Manlius, and Syracuse.
Photo from morgancommunities.com
Court Documents indicate that they are looking into possible wire and bank fraud.
The FBI believes that the company has been misleading appraisers to inflate the value of its properties and give the false information to potential lenders.