Bank Fraud

The Bank Settlement's Flawed -- But Fight Bank Crime, Not Each Other

Richard (RJ) Eskow | Posted 04.11.2012

Read More: Bank Fraud, Bank Settlement Deal, Foreclosure Crisis, Mortgage Crisis, Foreclosure Deal, Mortgage Settlement, Mortgage Deal, Foreclosure Settlement, Video, Politics News

There are doors in this deal -- doors that lead to a better deal for homeowners and a chance at restoring justice. Progressives need to recognize that these doors exist, and then demand that our elected officials use them.

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Far From Wall Street, Banks Are Being Punished For Misdeeds

HuffingtonPost.com | Marcus Baram | Posted 02.07.2012

Read More: Bank Fraud, Thewatchdog, Watchdog Blog, Bank Crimes, Financial Crimes, Regulatory Blog, Wall Street, Northern Trust Bank, Business News

This story has been updated A former bank president faces 15 years behind bars after being found criminally responsible for fraud that "contributed...

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People Power vs. Banker Power: Score One For the People

Richard (RJ) Eskow | Posted 03.25.2012

Read More: Bank Fraud, Tom Miller, Bank Settlement, Wall Street, Eric Schneiderman, Obama Administration, Foreclosure Fraud, Richard Trumka, Politics News

Patti Smith wasn't wrong when she sang that "People have the powe." We do have the power to win a battle or two, even against those guys on Wall Street. We have more power than we realize -- but only if we're willing to use it.

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Well Done, Mr. President! Now About That Foreclosure Fraud Settlement ...

Richard (RJ) Eskow | Posted 03.06.2012

Read More: Richard Cordray, Bank Fraud, Foreclosure Settlement, Nlrb, Barack Obama, Foreclosure Fraud, Fair Settlement, Politics News

Congratulations, Mr. President. This week you followed your increasingly populist rhetoric with some decisive action on behalf of the middle class.

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That $335 Million BofA Settlement: The Good, the Bad, and the Very Ugly

Richard (RJ) Eskow | Posted 02.20.2012

Read More: Government Settlement, Bank Fraud, Bank of America, Countrywide, Discriminatory Lending, Countrywide Settlement, Bank of America Settlement, Politics News

Once again, bankers have bought their way out of being investigated without even acknowledging their wrongdoing. Justice isn't served when that happens.

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Mr. President, Stop Protecting Bankers From These Law Enforcement Officials

Richard (RJ) Eskow | Posted 02.10.2012

Read More: Curbing Wall Street, Bank Fraud, Tom Miller, Beau Biden, Foreclosure Settlement, Bank Crimes, Kamala Harris, Jack Conway, Catherine Cortez Masto, Eric Schneiderman, Martha Coakley, Foreclosure Fraud, Politics News

Lately we've been hearing some strong words from the President about Wall Street crime. But when the cameras and lights aren't around, his Administration's been working feverishly to protect bankers from state law enforcement officials.

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The "Banker Gangs" Are Still on the Loose, and the Justice Department Still Won't Come Clean

Richard (RJ) Eskow | Posted 02.06.2012

Read More: Sec, GE Capital, Wall Street Crime, Bank Fraud, Justice Department, Barack Obama, Eric Holder, Jeffrey Immelt, Politics News

The country deserves action to stop Wall Street crime. If it takes a new team at the Justice Department to make that happen, then the country deserves that too.

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Pro Occupy Wall Street; Against a 2-Tiered Society

Cynthia Kounaris | Posted 01.02.2012

Read More: Bank Fraud, Ows, Unemployment, Income Inequality, Occupy Wall Street, Income Inequality America, Wealth Disparity America, Wealth Disparity, Politics News

What I hear Occupy Wall Street saying is "We will follow the rules. But let's make the rules fair." The system is rigged. It wasn't designed to be rigged but has bit-by-bit, step-by-step, become rigged.

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Dancing With Injustice on My Mind

Rabbi Shmuley Boteach | Posted 12.26.2011

Read More: Fraud, Sholom Rubashkin, Bank Fraud, Jonathan Pollard, Gilad Shalit, Sholom Mordechai Rubashkin, Crime News

I plan to dance up a storm at my daughter's wedding but will do so remembering the lives of those who have been tossed by a tempest of injustice and who languish forgotten by a community too ashamed of their errors to clamor for simple justice.

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Judicial Duplicity: It's Worth Protesting

Michael Santos | Posted 12.24.2011

Read More: Bank Fraud, White Collar Crime, Nonviolent Crime, White Collar Sentencing, Citibank Fraud, Citigroup Fine, Wall Street Crime, Wall Street Fraud, Citibank Fine, Mortgage Fraud, Citi Fine, Crime News

Citibank admitted to selling mortgage bonds under fraudulent pretenses, but the government goes easy on the mighty banks of Wall Street.

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Progressive Activism Helps Prevent Wall Street Banks From Receiving a "Get Out of Jail Free" Card

Miles Mogulescu | Posted 12.02.2011

Read More: Bank Fraud, Progressive Change Campaign Committee, Foreclosure Fraud Investigation, State Attorneys General, Foreclosure Fraud, Eric Schneiderman, Kamala Harris, Politics News

When progressive activism achieves meaningful results and scores a win over Wall Street banks, there's nothing wrong with taking a little victory lap.

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Man Convicted Of Running Bogus $100 Million Bank Over His Computer

The Huffington Post | Posted 11.16.2011

Read More: Danny Ray Hardin, Bank Fraud, Federal Prison, Banking Frauds, White Collar Crime, Missouri Crime, Denny Ray Hardin, Private Banking, Mail Fraud, Private Bank of Danny Ray Hardin, Federal Fraud Charges, Video, Crime News

Money doesn't grow on trees and you can't print it on your computer either. That's the lesson Danny Ray Hardin, 52, learned Wednesday in Kansas Ci...

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Cops: Family Left 70-Year-Old Woman To Die After A Fall, Went Out For Pizza

Posted 11.07.2011

Read More: Bank Fraud, Elder Abuse, Social Security Fraud, Abuse, Hiding a Corpse, Pizza, Madison, Steven King, Pension Fraud, Fall, Reckless Homicide, Veronica King, Mary Coleman, Schizophrenia, 70-Year-Old Woman, Chicago News

After her 70-year-old sister fell, police allege that a Madison woman and her son left her on the floor without aid. When she died two days later as a...

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The Man Who May Bring the Banksters to Justice (If They Don't Break His Knees First)

Miles Mogulescu | Posted 10.29.2011

Read More: Lloyd Blankfein, Bank Fraud, Bank of America, Obama Wall Street, State Attorneys General, Eric Schneiderman, Countrywide Financial, Bank of New York Mellon, Attorney General Eric Schneiderman, Martin Act, Wall Street Reform, Foreclosure Fraud Investigation, Foreclosure Fraud, Politics News

New York State Attorney General Eric Schneiderman may go down as the most important public official in reforming the corrupt financial system -- if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration.

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Revealed: Elaborate Ruse Behind Massive Bank Fraud In Afghanistan

The Washington Post | Posted 08.31.2011

Read More: Bank Fraud, Sherkhan Farnood, Karzai, Afghanistan, Scheme, Mahmoud Karzai, Kabul, Afghan Officials, Khaililullah Frouzi, Kabul Bank, Arrested, World News

The top two officials of Kabul Bank used fake names, forged documents, fictitious companies and secret records as part of an elaborate ruse to funnel ...

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Citi Tells Customers Of Hacking Three Weeks Later

Wall Street Journal | Randall Smith | Posted 08.13.2011

Read More: Bank Fraud, Citi-Hack, Identity Theft, Computer Viruses, Cybersecurity, Lockheed-Martin-Hack, Hacking, Defense Department, Citigroup, Video, Business News

Citigroup Inc. waited as long as three weeks to notify credit-card customers of a hacking attack because it was conducting an investigation and produc...

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Deutsche Bank Faces U.S. Mortgage Fraud Lawsuit, Accused Of Lying To Be Included In Federal Program

Posted 07.03.2011

Read More: Bank Fraud, Deutsche Bank, Mortgage Lawsuit, US Homeowners, Subprime Crisis, United States Mortgage Lawsuit, Mortgage Fraud, Mortgageit, Deutsche Lawsuit, Business News

The United States sued Deutsche Bank AG, accusing the German bank and its MortgageIT Inc unit of repeatedly lying to be included in a federal prog...

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The Department of Justice: Indicting Immigrants, Ignoring Wall Street Crooks

Richard (RJ) Eskow | Posted 05.28.2011

Read More: Mortgage Bankers Association, Trac, Department of Justice, Bank Fraud, Mers, Justice Department, Barack Obama, Eric Holder, Foreclosure Fraud, JPMorgan Chase, Politics News

From the federal government we've now seen two thousand prosecutions of people who ripped off banks, and no prosecutions for banks who ripped off people. The moral seems to be "don't mug a racketeer."

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In the Dark: Crimes, Capital Crimes, And GE Capital Crimes

Richard (RJ) Eskow | Posted 05.25.2011

Read More: General Electric, Sec, Ge, GE Capital, Accounting Fraud, Settlements, Bank Fraud, Shadow Banking, Securities and Exchange Commission, Jeffrey Immelt, Business News

If individuals committed crimes at GE, they should pay for their actions. That would be a service to GE's other employees, who would no longer be tainted by the misdeeds of a few senior-level people.

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If Ben Bernanke Hosted Our Super Bowl Party Instead of My Friend Pete

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Quantitative Easing, Monetary Policy, Davos, Ben Bernanke, Unemployment, Super Bowl, Tim Geithner, Bank Fraud, Business News

I doubt that anybody watching Sunday's game wants to hear our leaders say that this sluggish and jobless economy represents the "new normal." How would the sportscasters put it? The people expect their officials to give 110 percent.

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The Wall Street Empire Strikes Back

Richard (RJ) Eskow | Posted 05.25.2011

Read More: American Enterprise Institute, Ronald Reagan, Fcic Report, Fcic, Financial Crisis Inquiry Commission, Deregulation, Julian Assange, Phil Angelides, Bank Fraud, Politics News

The Financial Crisis Inquiry Commission just released its report, and it's already under attack by the Four Horsemen of the Economic Apocalypse: the Ideologue, the Lobbyist, the Think-Tanker, and the Politician.

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FDIC Prepares To Crack Down On Officials Of Failed Banks

LA Times | E. Scott Reckard | Posted 05.25.2011

Read More: Bank Fraud, US Economy, Fdic, Failed Banks, Business News, Nation's Deposit Insurance Fund, FDIC Crack Down, Business News

he Federal Deposit Insurance Corp. has told dozens of former bank officers and directors that it has drawn up lawsuits accusing them of misdeeds such ...

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'Robin Hood' Banker Gets 63-Month Sentence

Posted 05.25.2011

Read More: Bank Fraud, First Security Trust, Robin Hood Bank Fraud, Jeffrey Gonsiewski Bank Fraud, Jeffrey Gonsiewski, Chicago, Chicago News

A man described in Chicago media as a "Robin Hood" banker was sentenced today to 63 months in prison for his fraudulent activities at a local bank. J...

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Banks Complicit in Fraud -- Is it Systemic?

Naomi Wolf | Posted 05.25.2011

Read More: Bank Fraud, Wamu, Identity Theft, Business News

Are banks profiting by not cracking down on fraud? Many banks now manipulate customers' withdrawals in time sequence and give customers a misleading balance figure that does not show their recent withdrawals.

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Banks Siding Against the Customer in Fraud Cases

Naomi Wolf | Posted 05.25.2011

Read More: Fraud, Bank Fraud, Naomi Wolf, Washington Mutual, Third World America, Business News

Like most consumers, I had always assumed that banks and customers are united in wanting to curtail bank fraud. Unfortunately, I have learned that in fact bank fraud is a big and profitable business -- for the banks themselves.

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