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Tag Archives | fraud

Financial links 1/30

How can the architects of the crisis investigate it? Food speculation: ‘People die from hunger while banks make a killing on food’ Bailout watchdog probes suspected tarp fraud at 64 banks New York prosecutor Vance seeks mandatory jail terms for securities frauds Bank Of America stops issuing notices of default in non-judicial states Insurance companies […]

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Dead woman’s name robosigned on thousands of affadavits

She died in 1995. Yet her signature later appeared on thousands of affidavits submitted by one of the nation’s largest debt collectors, Portfolio Recovery Associates Inc., in lawsuits filed against borrowers. This would appear to be organized crime, pure and simple. All involved should go to prison. If we had a functioning justice system, they […]

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Foreclosures on people who never missed a payment

Yves Smith of Naked Capitalism. What the banks are doing is stealing property under the assumption that the government will do nothing to stop them. Bank Of America’s Christmas present: Foreclose even though not a payment missed. Even though BofA has sent an apology, somehow the foreclosure is still happening. Those responsible for this should […]

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Insider trading probe. Methinks he doth protest too much

From the WSJ article on the huge insider trading probe. One of those being investigated emailed his clients saying: “Today two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information,” the email said. “(They obviously have been recording […]

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Foreclosure fraud rampant. Where is Rule of Law?

Fraudulent notary seal used by foreclosure mill in Georgia. Video from WSBT who discovered the bogus seal. Via 4closurefraud Depositions by three robo-signers in Florida showed them to be seemingly clueless about what they were doing. Yes, it’s always better to appear stupid than culpable. Ritholz has the videos of the Crystal Moore depo. Bank […]

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