Angelo Mozilo, the former CEO of Countrywide Financial, is in talks with the SEC about a possible deal that could let him avoid standing trial for fraud charges, The Wall Street Journal said.
Talks between Mozilo, two other former executives and the …
The “robo-signers” at banks who signed thousands of foreclosure-related documents were essentially lying under oath. But perhaps even worse were the lawyers involved: They’re the ones who should have known better and put an en…
Attorneys general in dozens of states plan to launch a joint probe into charges that banks used bogus paperwork to evict borrowers from their homes.
The investigation will go after charges that lenders including GMAC, JPMorgan Chase (JPM) and Bank of America (BAC) forged documents and faked social security numbers in order to foreclose on homes, The New York Post said.
Bank of…
Continue reading Attorneys General May Launch Foreclosure Investigation
Attorneys General May Launch Foreclosure Investigation originally appeared on DailyFinance on Mon, 11 Oct 2010 07:35:00.
Filed Under: Company News, Economy, JP Morgan Chase, Bank of America, Real Estate, Taxes, Credit
Alan Hevesi, the former comptroller of New York state, has pled guilty to corruption charges that he accepted campaign money and gifts from a California venture capitalist in exchange for directing pension-fund money to the don…
Citigroup is on the hook for $11.5 million in damages after losing an arbitration case against actor Larry Hagman, best known for his role as J.R. Ewing in the television series “Dallas,” who had accused the bank of fraud and m…