Accounting company owner accused in alleged mortgage fraud scheme
A Las Vegas accounting company owner and former IRS employee was arrested Tuesday for allegedly operating a mortgage fraud scheme, Nevada’s U.S. Attorney Daniel Bogden said.
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Source: Las Vegas Sun
Date Published: 21st June 11
JPMorgan to pay YS$153.6M to settle civil fraud charges over complex mortgage investments
WASHINGTON – JPMorgan Chase & Co. has agreed to pay US3.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. J.P. Morgan Securities, a division of the powerful Wall Street bank, failed to tell investors that a hed
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Source: Canadian Business
Date Published: 21st June 11
CML to work with FSA on new fraud measures
The Council of Mortgage Lenders aims to work with the FSA to strengthen anti-fraud measures in the light of the FSA’s findings that suggest more needs to be done.
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Source: Mortgage Introducer
Date Published: 23rd June 11
Indiana Township man admits to mortgage fraud scheme
An Indiana Township man has pleaded guilty in federal court to charges of bank fraud, money laundering and aggravated identity theft in connection with a mortgage fraud scheme, U.S. Attorney David Hickton said on Monday.
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Source: Valley News Dispatch
Date Published: 21st June 11
$200 million to be paid in fraud suit
Investment firm Morgan Keegan & Co. is paying 0 million to settle civil fraud charges that it overstated the value of mortgage investments just as the housing market was collapsing in 2007 and lured buyers of its funds with false sales materials.
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Source: The Post and Courier
Date Published: 23rd June 11
JPMorgan to pay $153.6 million in SEC fraud case
JPMorgan Chase & Co agreed to pay 3.6 million to settle U.S. Securities and Exchange Commission charges that it defrauded investors who bought mortgage securities sold just before the nation’s housing market collapsed.
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Source: Reuters via Yahoo! News
Date Published: 22nd June 11
Morgan Keegan to Pay $200M to Settle Fraud Charges Related to Subprime Mortgage-Backed Securities
Washington, D.C., – The Securities and Exchange Commission, state regulators, and the Financial Indu…
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Source: citybizlist Atlanta
Date Published: 22nd June 11
FORECLOSURE FRAUD 101
stopforeclosurefraud.com This is a short video on foreclosure fraud that is happening all over. Song SCALA CREEP n accordance with Title 17 USC Section 107, any copyrighted work in this message is distributed under fair use without profit or payment for non-profit research and educational purposes only. GRG [Ref. www.law.cornell.edu
JPMorgan to pay $153.6M to settle fraud claim
Massive Wall Street bank agrees to payout over charges that securities division misled complex mortgage buyers
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Source: CBS News
Date Published: 22nd June 11
TBW prison terms: 40 months for Allen, 3 months for Ragland
The former CEO of Taylor, Bean & Whitaker Mortgage Corp. was sentenced Tuesday to 40 months in prison, followed by two years of supervised release, for his role in a long-running fraud scheme.
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Source: The Ocala Star-Banner
Date Published: 21st June 11
