All posts tagged "fraud"
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1.9KDeutsche BankThat German Bank Has Found The Perfect Solution to All It’s Fraudulent Activities; From Robo-Signing to Robots – No Human Fingerprint Required
The German Bank, Deutsche Bank is having a torrid year. In July, it announced that it will cut 18,000 jobs over the...
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2.3KDeutsche BankMeanwhile in Hong Kong : SFC Bans Former Deutsche Securities Asia ‘Responsibility Officer’ for Life
The Hong Kong SFC (Securities and Futures Commission) has banned a former Deutsche Securities Asia responsible officer from re-entering the industry for...
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2.8KDeutsche BankDeutsche Bank Quietly Settles Big Lawsuits in New York (Just after the Italian Convictions)
In total, Deutsche Bank and FTN have agreed to pay a total of $29.5 million into a settlement fund.
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3.5KAppellate CircuitCourt of Appeals for the Eleventh Circuit Sends Rushmore’s Residential Mortgage Servicing Abuse Class Action back to the District Court
This violated the FDCPA’s prohibition against using false, deceptive, or misleading representation[s] including by making false representations about the character, amount, or...
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3.7KAccelerationCFPB Settles with The Mortgage Law Group, LLP for $21M. The Terms of the Agreement is Shocking.
The CFPB alleges that the Mortgage Law Group (TMLG) and Consumer First Legal Group (CFLG) took in over $19.2 million in fees...
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1.7KEditors ChoiceTrumps’ Cabinet in 2020 and How They Plan to Make Recession Great Again (for Wall Street Bankers)
LIT Editor's Comment: If this passes, it is a Disaster for Democracy. Securitization is for making the bankers and the rich, more...
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2.2KDeutsche BankDonald Trump Said He Wants to Surround Himself with Goldman Sachs Bankers. He Did. This is How “Honest” They Are.
Bryan Cohen, a Goldman Sachs Vice President, leaked nonpublic information for almost three years in exchange for cash as part of an...
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5.7KEditors ChoiceOcwen’s Ousted Founder William Erbey Leaves Atlanta for St Croix, Gets Ocwen to Buy His Mansion and Buys a Maltese Passport for a Premium Fee of $725,000. An Ethical Kinda Billionaire.
Ocwen paid Erbey a $500,000 salary and a $1.4 million incentive last year, but his real wealth lies in his large stakes...
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3.4KEditors ChoiceMastermind of $1.3 Billion Investment Fraud (Ponzi) Scheme Robert Shapiro Sentenced to 25 Years in Prison (S.D. Fla.)
Shapiro spearheaded and concealed an enormous Ponzi scheme through his business, Woodbridge. Woodbridge employed approximately 130 people and had offices located throughout...
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2.2KAppellate CircuitAccording to former Alabama SG and Now 11th Circuit Judge, Newsom Opines; Ocwen’s Statements are Mere ‘Puffery’ in this Investor Law Suit
After careful review, we find that none of Ocwen’s statements rises to the level of an actionable misrepresentation of material fact. Some...
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1.7KDeutsche BankWhen a Bank Asks A Court to Find For Loan Application Fraud vs. When a Homeowner Asks the Court to Find for Loan Application Fraud
An attorney for the Banc of California told a judge Thursday that his client is seeking a default judgment against the former...
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2.0KAppellate CircuitFifth Circuit Toss WhistleBlower’s Case Against Banks (of Course) Citing Lack of Evidence and the Complainant is Not the “Original Source”
Edward Hendrickson, a former fraud investigator in the Department of Veterans Affairs (VA) Office of the Inspector General, alleged 15 banks knowingly...
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4.8KCFPBA Shell Sham Attorney and Non Attorney CFPB Case In FLSD Court is Settled Only for the Related ‘Of Counsel’ (Attorney Michael Herskowitz) to be Indicted in NY For Mortgage and Foreclosure Fraud
Since 2015, attorney Herskowitz has been implicated in at least two other schemes targeting borrowers in foreclosure in Florida and Queens. He...
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3.4KFederal LawWhen You Get a Million Dollar Settlement in a Patent Case, Don’t Evade Paying Your Taxes on the Reported Settlement or the IRS Will Indict You and Your Crooked Lawyer
According to the indictment, Thomas and Michelle Selgas, a married couple, conspired with John O. Green, an attorney licensed to practice in...
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1.4KAccelerationConsumer Finance Protection Bureau Targeted Debt Collecting Lawyers Under ex-CFPB Director Richard Cordray
In the words of CFPB Director Richard Cordray, These wolves in sheep’s clothing [lawyers] take money from consumers who are already struggling...
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2.7KCFPBAfter Four Years of Litigation, CFPB is Now Obtaining Judgment(s) from the Court against Rogue Debt Collectors and their Related Entities
Our lawsuit asserts that consumers were harassed, threatened, and deceived as part of a reprehensible scheme to collect debt that was not...
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2.3KEditors ChoiceTexas Bank Goes Up In Flames in Very Suspicious Circumstances And Now its All Gone Eerily Quiet from the Investigative Agencies and Banking Regulators
In the first three months of 2019, the bank reported more than $10 million in loans to finance farming, according to the...
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2.9KDebt CollectorRemember What Texas Said in 2010? We Do – And So Here’s A Reminder of Governor Abbotts’ Words Directed at Foreclosure Mills and Robosigners Stephen C. Porter of Barrett Daffin Frappin Turner & Engel, the BDF Law Group today
Filing fraudulent assignments and substitutions of trustee and related practices appears to be illegal in Texas, too. State Attorney General Greg Abbott...
