Posts tagged fraud

• Crooked Mortgage Brokers and Operation Malicious Mortgage

  Paul Kiesel | June 20, 2008 8:37 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  On the same day that two Bear Stearns executives were arrested, the FBI announced that 400 people have been charged with mortgage fraud. The FBI has drastically increased its efforts, since March 1,...

• Obama and McCain: The Presidential Candidates on the Mortgage Crisis

  Paul Kiesel | June 17, 2008 1:50 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Here are Barack Obama's and John McCain's plans for dealing with the mortgage crisis (according to each candidate's respective website): Barack Obama wants to create a fund to help people refinance...

• FBI: We've Got a Big Mortgage Fraud Problem

  Paul Kiesel | June 12, 2008 3:38 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  The Federal Bureau of Investigation has ordered more than two dozen of its field offices to stop probing some financial crimes in order to focus on a surge in subprime mortgage fraud, according to...

• When It Comes to Combating Mortgage Fraud, Mukasey is Running in Place

  Paul Kiesel | June 06, 2008 6:44 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Attorney General Michael Mukasey rejected the idea on Thursday of creating a national task forced to combat mortgage fraud. Mukasey made it clear that he saw mortgage fraud as a major contributor that is helping exacerbate (if it didn't help start) the housing crisis.

• FBI Releases Mortgage Fraud Report

  Paul Kiesel | May 14, 2008 9:17 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The FBI released its Mortgage Fraud Report today, and it presents a startling statistic: mortgage fraud increased 500% in 2007 from 2003 and is likely to be 10 times worse than 2003 by the end of...

• Another TILA Victim

  Paul Kiesel | May 09, 2008 5:12 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Below is an excerpt from a Seattle Post-Intelligencer article from earlier this morning that relates the story of another borrower who was taken advantage of via TILA documents. Nancy was a...

• Utah Man Sentanced for Investment Fraud

  Shannon Weidemann | March 20, 2008 6:32 AM | 0 CommentsVentura, CA Category: Miscellaneous
  

  A Utah man that frauded investors out of $15 Million. He coerced people to invest in his car sales and leasing business. A judge sentenced him to five years in federal prison for his crime. The indictment says Wynn employed investor recruiters and held seminars to get people to sign on. Wynn allegedly told investors their investments would be monitored in a third-party escrow account and...