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Mortgage Fraud

States May Sue Banks For Fraud | DAVID STREITFELD and JOHN COLLINS RUDOLF | Posted 05.25.2011 | Business

Frustrated by the banks' inability or unwillingness to stop an avalanche of foreclosures, the states are considering lawsuits over the creation and ma...

Rebecca Tharpe, Mortgage Scammer, Ordered To Lecture About The Perils Of Criminal Schemes

AP | Posted 05.25.2011 | New York

NEW YORK — A Long Island woman convicted of acting as a "straw buyer" in a mortgage fraud scam has been ordered to give lectures on the perils o...

Matthew Palevsky

Mortgage Vultures Dupe Cash-Strapped Homeowners | Matthew Palevsky | Posted 05.25.2011 | Politics

Capitalizing on the collapse of the housing market, a Fair Oaks, California company claimed to provide loan modification services while siphoning mone...

The Fraud Squad

Huffington Post Investigative Fund | Howard Goodman | Posted 05.25.2011 | Business

MIAMI -- The sun-seared condominiums along Brickell Avenue stand tall and shiny, but these days they're pockmarked with vacant units, one after the ot...

Mortgage Fraud Rampant And Growing: FBI

Reuters | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Falling housing prices are driving up reports of mortgage fraud, with the FBI saying Tuesday that reported losses are up 83 percent...

Madoff the God of Plunder

Daniel Bruno Sanz | Posted 05.25.2011 | Business
Daniel Bruno Sanz

Viewing Wagner's opera as a non-musician and member of the audience, it speaks to me about the leitmotif of avarice and Bernard Madoff.

US Investigators Find New Twists On Credit Scams

United Press International | Posted 05.25.2011 | Business

U.S. fraud investigators say they're finding new schemes to improve bad credit histories so lenders will approve mortgages or lines of credit. In one...

Road to Ruin: Mortgage Fraud Scandal Brewing

American News Project | Lagan Sebert and Mike Fritz | Posted 05.25.2011 | Business

Criminal fraud may be the most under-reported aspect of our current financial crisis. In this "Road to Ruin" report, former subprime lenders from Amer...

Attorney General Madigan Sues Two Firms Over Mortgage Rescue Fraud

Chicago Tribune | Mike Dorning | Posted 05.25.2011 | Chicago

Illinois Atty. Gen. Lisa Madigan announced this morning at a news conference in Washington that she has filed lawsuits against two Chicago-area compan...

Lawyer Challenges Arrest In Mortgage Fraud Tied to Dominatrix Club

New York Law Journal | Vesselin MitevNew York Law JournalMarch 30, 2009 | Posted 05.25.2011 | Business

Now that a lawyer has been arrested in connection with a bizarre real estate fraud that allegedly recruited straw buyers at a dominatrix club, he has ...

Mortgage fraud reports up 26 percent

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — A mortgage industry group says there were a record number of mortgage fraud incidents last year, and Rhode Island made its first ap...

Bear Stearns Executives Ralph Cioffi, Matthew Tannin Indicted... FBI Announces "Operation Malicious Mortgage"

AP | TOM HAYS | Posted 05.25.2011 | Business

Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges in the ...

Matthew Tannin: Bear Stearns Former Manager Indicted In Mortgage Sweep

Brigitte Bradford | Posted 05.25.2011 | Business

Below is some information on Matthew Tannin, one of the two former Bear Stearns executives indicted today in the FBI's "Operation Malicious Mortgage."...

Ralph Cioffi: Bear Stearns Former Manager Indicted In Mortgage Crackdown

Brigitte Bradford | Posted 05.25.2011 | Business

Below is information on Ralph Cioffi, the former Bear Stearns manager, who was arrested on Thursday and charged with securities fraud and various cha...

Florida Leads Nation In Mortgage Fraud

AP | Alan Zibel | Posted 05.25.2011 | Business

Florida led the nation in mortgage fraud in 2007, a dubious distinction it's had two years running. The competition to be first in fraud is getting s...