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NY TOXIC TITLES | Herkimer County Clerk to Nationwide Title Clearing “MERS...
Well, lookie what we found here… Right off of the Nationwide Title Clearing blog… MERS MORTGAGE ASSIGNMENTS & SATISFACTIONS IN HERKIMER COUNTY NY Instead of indexing MERS Assignments or...
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Blue Mountain Consumer Discount: Lawyer says bank records show Slate Belt CEO...
A lawyer suing a Slate Belt loan agency for allegedly running a Ponzi scheme says in a court filing that bank records show its officers may have used corporate funds to pay personal expenses. In a...
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New Orleans minister indicted by feds – Regional Wire – SunHerald.com
NEW ORLEANS — A New Orleans man, who was the minister of the Bible Way Baptist Church, has been indicted for mail fraud and theft of government funds. According to the federal indictment, after...
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Twenty South Florida Residents Charged in $40 Million Bank and Mortgage Fraud...
MIAMI—Twenty individuals, including numerous licensed real estate industry professionals, have been charged with conspiracy to commit bank fraud and bank fraud in connection with their alleged...
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Iran leader urges ‘cutting hands’ in bank scam – Forbes.com
TEHRAN, Iran — Iran’s top leader called on Monday for “cutting off the traitorous hands” of those implicated in a $2.6 billion fraud case described as the biggest financial scam in the country’s...
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BAC Should Face Fraud Charges Over Countrywide, Says Regulator – Stocks To...
Countrywide failed to comply with government rules when it submitted paperwork to get reimbursement for mortgages insured by the government, the inspector general of the Department of Housing and Urban...
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BNY Mellon ‘Sledgehammer’ Lawsuits Raise Pressure to Settle
Oct. 5 (Bloomberg) — Bank of New York Mellon Corp., the largest custody bank, faces increased pressure to reach settlements on foreign-exchange cases following new lawsuits brought by New York and...
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EconoMonitor : Great Leap Forward » Are the Big Banks Insolvent?
Short Clip, L Randall Wray: “We know from the Saving&Loan crisis of the 1980s that the costs of eventual resolution explode when you leave fraudster banks open. Just like Watergate, it is the...
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Brown calls for report on alleged bank fraud of veterans – The Federal Eye –...
Following allegations in a lawsuit that 13 major banks defrauded veterans out of hundreds of millions of dollars with illegal fees to refinance home loans, the chairman of a Senate consumer protection...
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Leader of $98 Million Mortgage Fraud Sentenced to 108 Months
Earlier today in United States District Court in Brooklyn, Thomas Kontogiannis, a New York real estate developer who led a mortgage fraud conspiracy resulting in more than $98 million in losses, was...
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Bank of America’s Countrywide Sued by Sealink Funding – BusinessWeek
Sept. 30 (Bloomberg) — Bank of America Corp.’s Countrywide unit was sued by Sealink Funding Ltd. in New York over $1.6 billion of residential mortgage-backed securities the fund purchased between 2005...
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SEC Charges Bank Executives With Hiding Millions of Dollars in Losses During...
2011-202 Washington, D.C., Oct. 11, 2011 – The Securities and Exchange Commission today charged former bank executives with misleading investors about mounting loan losses at San Francisco-based United...
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The Secret of Their Success
A successful central banker in the age of compliant paper money is one who is able to control the rate of ruin so that the rubes don’t catch on. Everybody is happy. Everyone feels richer. It’s...
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Ohio county sues MERS over mortgage recording fees « HousingWire
Geauga County in Ohio filed suit against Mortgage Electronic Registration Systems Thursday, claiming the electronic mortgage registry bypassed the recording of mortgage assignments in local registry...
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Two Billion Dollars Lost Because the FDIC Ignored United Commercial Bank’s...
William K Black . The good news is that we finally have the second group of indictments of senior bank officers. The prosecution involves officers of United Commercial Bank (UCB), a roughly $10 billion...
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United Commercial bank’s spectacular rise and fall (AP) | NEWS.GNOM.ES
SAN FRANCISCO – The U.S. economy was stuck in a worsening credit crisis, but Tommy Wu was seemingly on top of the world during the black tie dinner the night of Nov. 29, 2007. The Hong Kong native was...
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BofA seeks to oust AIG law firm from $10 billion case | Reuters
(Reuters) – Bank of America Corp (BAC.N) urged a judge to disqualify the law firm representing insurer American International Group Inc (AIG.N) in its $10 billion mortgage fraud lawsuit against the...
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Australia: Mother sues banks over son’s eBay scam – National News – National...
WOMAN is suing Australia’s big four banks for their alleged role in a $200,000 money laundering scam masterminded by her teenage son. The woman, from the NSW south coast, has launched an action in the...
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Nye Lavalle Responds to Statement by Janis Smith, MERSCORP’s Vice President...
Nya Lavalle: Well, maybe you want to refresh your memory a bit when you read this “You may want to study the FLA. RICO law. It may prove useful to you in your upcoming depositions and perhaps when you...
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