Nonprofit law firm expands state’s service
Originaly By Naomi Smoot: CHARLES TOWN - Mountain Justice Inc., a Charleston-based agency, has opened a new office in Clarksburg in an attempt to better serve clients in the state’s eastern and northern counties. The nonprofit group opened its first office in 1996, to help provide legal assistance...
Billionaire Stanford jailed in alleged $7B fraud
Originaly by DEVLIN BARRETT: WASHINGTON – Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery. The Justice Department announced charges against Stanford and six others...
Eight Sentenced in Multimillion-Dollar Mortgage Fraud and Foreclosure Rescue Schemes
by FBI NY | United States Attorney’s Office Southern District of New York | Department of Justice Press Release Eight Sentenced in Multimillion-Dollar Mortgage Fraud and Foreclosure Rescue Schemes LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced...
Chicago owner loses home in mortgage scam
Originaly by Paul Meincke: June 12, 2009 (BERWYN, Ill.) (WLS) — A Chicago woman is battling to keep the home she has owned for 40 years. Lessie Towns is a victim of mortgage fraud, and she could lose her home, despite the fact she has never missed a mortgage payment. Towns, who is 75 years old,...
Obama’s Financial System Overhaul Would Give the Fed Broad Powers Over Wall Street
Originaly By Don Miller: U.S. President Barack Obama took a swipe at Wall Street yesterday (Wednesday) as he unveiled a sweeping 85-page proposal to reinvigorate government regulation of the U.S. financial markets by giving the Federal Reserve new powers to supervise the economy. The proposal is part...
Real estate developer indicted in $3.8 million theft
By INDenverTimes: A Denver Grand Jury on Wednesday indicted a real estate developer accused of scamming nearly $4 million from investors in a Jefferson County real estate project called Eagle View LLC. Jack D. Arbess, 49, of Denver, is charged with violating the Colorado Organized Crime Control Act...
Mahn Huu Doan sentenced to 151 months for fraud
Originaly By Robert Moran: A South Philadelphia mortgage broker charged with a murder-for-hire plot was sentenced yesterday to more than 12 years in federal prison for a separate mortgage-fraud scheme. Mahn Huu “Bruce” Doan, 40, was sentenced by U.S. District Judge Michael M. Baylson to 151...
Businesswoman convicted for scamming homeowners
Originaly by Guillermo Contreras : Federal jurors in the foreclosure-rescue scam trial of Rosario Castro Divins never saw her rap sheet that includes five convictions for trespassing, stalking and harassment. They don’t know about the lawsuits filed against her over 30 years, the shoddy construction...
Loan modifications a struggle for Treasure Coast homeowners
Originaly By Nadia Vanderhoof: Since March, Leroy Stennett has spent more than 10 hours talking to seven people in five departments at Bank of America about getting his mortgage modified. In 2006, Stennett and his wife purchased a house in Port St. Lucie for $285,000, putting $95,000 down and adding...
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