A two year FBI investigation into Sarasota house flipping is turning into what may be the largest case of mortgage fraud in Florida's history.

A local real estate agent Craig Adams has been providing information to the FBI about one of the largest mortgage fraud schemes in Florida history. One of his longtime associates may become the center of attention as losses enter the millions, according to the Sarasota Herald-Tribune.

Jonathan Glucker was in line to become the next president of the Gulf Coast Mortgage Bankers Association but now he's expected to step down or be removed from the board of directors after news reports alleged that he participated in at least 10 deals with Adams since 1997.