Cease and Desist Order In the Matter of: WELLS FARGO & COMPANY and WELLS FARGO FINANCIAL, INC.
Just added the cease and desist order to the post on Federal Reserve Orders $85M Civil Penalty Against Wells Fargo for Steering Potential Prime Borrowers Into More Costly Subprime Loans and Falsifying Income. Also located below… ~ 4closureFraud.org ~ In the Matter of: WELLS FARGO & COMPANY and WELLS FARGO FINANCIAL, INC. Tweet
Federal Reserve Orders $85M Civil Penalty Against Wells Fargo for Steering Potential Prime Borrowers Into More Costly Subprime Loans and Falsifying Income
The following is an announcement by the Federal Reserve Wednesday regarding a civil penalty against Wells Fargo: The Federal Reserve Board on Wednesday issued a consent cease and desist order and assessed an $85 million civil money penalty against Wells Fargo & Company of San Francisco, a registered bank holding company, and Wells Fargo Financial, … Read more
Prostitution Ring for Wall Street Clients Busted
You know all those bonuses that people on Wall Street received from the fraud that was perpetrated on you? Well this is how they were spending your money… Prostitution ring for Wall Street clients busted (Reuters) – Seventeen people were indicted on Wednesday on charges of running a high-end prostitution ring that catered to Wall … Read more
More “Mistakes” on Horizon as Foreclosures Climb After Brief Lull
~ 4closureFraud.org Tweet
Mark Stopa to Foreclosure Judge “I am concerned at your decision to continue presiding over mortgage foreclosure cases given your personal ties to the banking industry”
This kind of reminds me of the good old days when it was discovered that Judge Meenu Sasser was exposed for having some ties to the banking industry which ultimately got her “promoted.” Judge Sasser’s investments that may be impinged by the outcome of cases in her division are: More on Sasser here… But hey, … Read more
NCUA Files Third Suit in String Against Securities Firms to Recover Billions – NATIONAL CREDIT UNION ADMINISTRATION BOARD v. RBS SECURITIES, et al
NCUA Files Third Suit in String Against Securities Firms to Recover Billions Recoveries Will Benefit All Federally Insured Credit Unions ALEXANDRIA, Va. (July 18, 2011) – The National Credit Union Administration filed another suit today in California against RBS Securities, Inc. alleging violations of federal and state securities laws and misrepresentations in the sale of … Read more
George Mantor | Wringing Chaos Out of Order
Wringing Chaos out of Order Why does it always seem as though given two options, elected officials will always chose the one that inevitably inflicts the most damage on their constituents? Because everything is so unpredictable that despite their best intentions they just can’t get anything right. Because they are boneheads who are incapable … Read more
Fraud Digest | Robo-signed – Who’s Signing Now? Mers, Assignments and Trusts
WHO’S SIGNING NOW? Lynn E. Szymoniak, Esq., Ed., Fraud Digest July 20, 2011 1. Who were the top mortgage document signers in the first half of 2011? 2. Which trusts that closed in 2005, 2006 and 2007 repeatedly filed mortgage assignments signed and notarized in 2011? 3. Who was the most prolific MERS Certifying Officer … Read more
Lawmakers Call for (more) Hearings on Robo-signing, Homeowners Call for Prosecutions
ENOUGH with the hearings already. Don’t you see? The banks are above the law and they are telling you to kiss off. If you do not punish the perpetrators with real jail time the practices of their illegal scheme will continue… ~ Lawmakers call for hearings on robo-signing Lawmakers react to news that robo-signing continues; … Read more
Bank of America Defrauded Homeowners About Tax Benefits of Mortgages, Says Lawsuit Filed by MIFSP
Bank of America Defrauded Homeowners About Tax Benefits of Mortgages, Says Lawsuit Filed by MIFSP On July 15, 2011, the Mortgage Institute For Financial Services Professionals (MIFSP) filed suit in U.S. Federal District Court alleging unfair and deceptive business practices against Bank of America (BOA). The lawsuit claims that in promoting mortgages, BOA defrauded … Read more
Pam Bondi’s Ouster of 2 Top Fraudclosure Investigators Raises Troubling Questions
“So, one of two things will happen: Either Bondi’s office will aggressively stand up for consumers, making the bad guys pay — no matter whose feathers it ruffles. Or it will resort to the pulled-punches approach to watchdogging that many Floridians have come to expect from attorneys general, present and past — the kind where … Read more
