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A federal grand jury has indicted telemarketer Jose Ruiz for mail and wire fraud, money laundering, and other alleged offenses. The indictment was unsealed four days ago. Ruiz ran telemarketing operations under various names, including "Equity Choice," "Casa Nuestra," and "UHUD National Reserve," according to the grand jury. Ruiz sent out fraudulent and misleading information to people delinquent on their mortgages, according to the indictment, and falsely state his companies were connected with the U.S. Housing and Urban Development Department (HUD). Among many things, Ruiz and his telemarketers would tell the victims that he could retain relief from HUD or the Home Affordable Modification Program (HAMP), created by the government to help homeowners modify mortgage loans and avoid foreclosure. But he had no authorization to make such claims, according to the indictment. He would spend the money he took in on personal items such as jewelry, vehicles, and furniture, according to the indictment.

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