West Virgina | Forgeries by Banks are Outrageous “Any West Virginians facing foreclosure should examine court papers carefully”
“But they made a fatal mistake when they tried to seize the home of Lynn Szymoniak, a lawyer who specializes in forgeries.” ~ Editorial, April 26, 2011:Forgeries by banks are outrageous CHARLESTON, W.Va. — If Average Joe forged a legal document, he would land in prison. But big Wall Street banks have been caught forging … Read more
NY Times | A.I.G. to Sue 2 Wall Street Firms to Recover Some Losses Contending that it was the Victim of Fraud
A.I.G. is preparing several suits against banks, like Bank of America and Goldman Sachs, that created the $40 billion in mortgage bonds, according to the person with knowledge of the litigation, who was not authorized to talk about it publicly. The company says it believes the banks issued misleading statements about the quality of the … Read more
FL 4th DCA | (Bank) Lawyers ARE Above the Law – STATE OF FLORIDA, OFFICE OF THE ATTORNEY GENERAL, v. SHAPIRO & FISHMAN, LLP
DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT January Term 2011 STATE OF FLORIDA, OFFICE OF THE ATTORNEY GENERAL, Appellant, v. SHAPIRO & FISHMAN, LLP, Appellee. No. 4D10-4526 [April 27, 2011] The issue presented in this appeal is whether the trial court erred in quashing a civil investigative subpoena duces tecum issued … Read more
Exclusive: IRS weighs tax penalties on mortgage securities and Possible Industry Cover Up
Empty REMICS ~ Exclusive: IRS weighs tax penalties on mortgage securities (Reuters) – The Internal Revenue Service has launched a review of the tax-exempt status of a widely-held form of mortgage-backed securities called REMICs. The IRS confirmed to Reuters that the review comes in response to mounting evidence that banks violated tax requirements by mishandling … Read more
Bloomberg | Bank of America Said to Target Individual States to Block Foreclosure Deal
Bank of America Said to Target Individual States to Block Foreclosure Deal Bank of America Corp. (BAC) was accused by a top official at the Iowa attorney general’s office of engaging in a divide-and-conquer strategy by undermining support for the settlement of a nationwide probe into foreclosure practices, a person familiar with the matter … Read more
Another One Bites the Dust | Ben-Ezra & Katz to close, second South Florida foreclosure firm to shut its doors
Ben-Ezra & Katz to close, second South Florida foreclosure firm to shut its doors by Kim Miller The Fort Lauderdale-based Ben-Ezra & Katz law firm gave layoff notices today to 146 employees as it moves toward shutting down operations, a spokesman for the company confirmed. An additional 8 employees will be laid off from … Read more
