Federal charges detail Beazer's misdeeds

Atlanta-based builder committed mortgage fraud and more, according to government.

Mortgage fraud, discount interest point fraud, down-payment assistance fraud, fraud against HUD, and accounting fraud were all on the list of criminal acts for which Beazer Homes USA accepted responsibility under a settlement agreement between the home builder and several federal agencies Wednesday, July 1.

The government has agreed to not prosecute the company on the charges if the company pays up to $50 million in fines over the next 60 months and fulfills several other promises. Still, federal prosecutors filed a “bill of information” detailing their case against Beazer with the agreement.