Boston (AP)  -- Eleven people have been indicted in a mortgage fraud scheme that netted at least $1.7 million in profits, federal authorities said Friday.

The suspects, including the manager of a real estate firm, loan brokers and attorneys, face various charges, including conspiracy, wire fraud, money laundering and identity theft.

They allegedly submitted false information on mortgage loan applications from May 2005 to December 2006 and obtained $10.6 million in fraudulent mortgage loans, according to an indictment.

The indictment alleges that the suspects recruited straw borrowers and then obtained loans higher than the purchase prices of properties. Authorities allege they pocketed the difference between the actual purchase price and the loan amount and also made money fraudulently through mortgage broker fees, attorney fees and real estate commissions.

The indictment alleges they made at least $1.7 million through the scheme.

Three people had their identities stolen and used as straw borrowers, the indictment said.

The indictment alleges the suspects fraudulently bought and sold at least 21 properties in Boston, Cohasset, Quincy and Brockton.