TAMPA — Sang-Min Kim, a tattoo parlor owner who made a fortune flipping homes at the height of the real estate boom, was indicted by federal officials on Wednesday and charged with money laundering and conspiracy to commit wire, mail and bank fraud.

A six-page indictment by the U.S. Attorney's Office accused Kim of operating a far-reaching scam that involved numerous buyers, sellers, lawyers, banks and real estate professionals. The multimillion dollar scam was first revealed by the St. Petersburg Times in 2008 as an example of how mortgage fraud contributed to the Tampa Bay area's housing collapse.

The indictment said Kim flipped about 100 homes between January 2005 and October 2008. Of those transactions, 80 involved fraud that cost lenders about $6.4 million, the indictment stated.

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