Suffolk County District Attorney Thomas Spota says his office is investigating what could be a massive mortgage scam involving 50 homes on the East End and an ex-legislator.

In the past few days, prosecutors executed search warrants in a location in New York City and at two title companies on Long Island. They also searched two attorney?s offices in Westhampton Beach, including one of former Suffolk County Legislator George Guldi. Officials also seized documents from the office of Thomas McVann, another well-known area lawyer.

Spota says homes in the Westhampton-Southampton area may have been bought with fraudulently obtained mortgages. The district attorney stressed that the current investigation is in its early stages and no charges have been filed. He was therefore tight-lipped on details. However, Spota says that while mortgage fraud is not a new crime, it's become much more prevalent.

?In the last two years, because of the fact there have been no regulations, no income verification for loans, it's flourished,? Spota says. ?It's exploded quite frankly.?

Guldi refused to comment and McVann could not be reached.