If you follow the news you probably heard about the newspaper editor shot dead in Oakland a couple of weeks ago by the leader of Your Black Muslim Bakery, Yusuf Bey IV. Those running the bakery all had criminal charges against them previously and were considered pretty bad people.

Well, Yusuf Bey, his brother Joshua, and another Tamon Halfin, were charged yesterday in connection with a real estate scam. I think as time goes along we are going to see more and more of these cases as the gangs across the country preyed on the free lending environment and the number of these organized crime scams will become more public.

We should not be surprised. The Soprano’s had a couple of episodes essentially outlining how to run a real estate fraud operation. You can not tell me that this did not help to plant the seed amongst the rougher elements of society that real estate crime was not the way to go.

Yusuf Bey IV, 21, was charged in Alameda County Superior Court with forgery, grand theft, filing false documents, obtaining money under false pretenses, possession of a forged driver’s license and identity theft.
Bey, his brother Joshua Bey, 19, and Tamon Halfin, 20, were arrested on suspicion of kidnapping and torturing a woman three months ago in East Oakland. They were taken into custody a day after the Aug. 2 shotgun slaying of Oakland Post Editor Chauncey Bailey.
A handyman at the bakery, Devaughndre Broussard, 19, has been accused of shooting the journalist, who was investigating the company’s bankruptcy filing. Broussard is due back in court Thursday. via the SF Gate

Related posts:

1. Senate Looks To Allocate $200 Million For Real Estate Fraud Prosecution
2. Countrywide’s Mozilo Charged With Securities Fraud and Insider Trading by S.E.C.