Gretchen Morgenson: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses

In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses John Stumpf, the chairman and chief executive of Wells Fargo, won a dubious achievement award from one of his interrogators during Tuesday’s scorching hearings on Capitol Hill. The bank’s yearslong practice of opening bogus accounts for customers and charging fees to do so, said Senator Jon … Read more

Mitchell v. Wells Fargo Bank NA: Wells Fargo Faces Class Action Over Bogus Accounts

Mitchell v. Wells Fargo Bank NA: Wells Fargo Faces Class Action Over Bogus Accounts Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in … Read more

LLLP v LLP: Mystery Man Registers Bogus Near-Identical Foreclosure Firm Name with State, Wreaks Havoc

Lawyer Turns Sleuth in Effort to Find Mystery Man Behind Bogus Firm Editors note: Don’t any of you foreclosure fighters out there get any crazy ideas now… A law firm that has been trying to track down whoever registered a phony firm with a near-identical name still hasn’t corralled the “James Berger” who started the … Read more

The Hustle: Bogus Ad on Zillow Leaves Family with Young Children Homeless

The Hustle: Bogus Ad on Zillow Leaves Family with Young Children Homeless Peterson said she got money orders to pay the man nearly $2,000 in rent and a deposit. She said everything went well until she received a phone call Wednesday. “I was literally in tears, crying,” Peterson said. Orlando police told Peterson that the … Read more

Fraudclosure: Judge Fines Foreclosure Law Firm $1.8 Million for Bogus Billings

“Lawyers abusing the foreclosure process to enrich their private bank accounts is a practice that undermines citizen’s faith in the legal profession” ~ Judge Fines Foreclosure Law Firm $1.8 Million for Bogus Billings Hopp Law Firm found to have over-charged consumers for title policies A Denver judge has fined one of the city’s prolific foreclosure … Read more

Financially Distressed Homeowners Face Criminal Prosecution For Recording Bogus Land Documents in Foreclosure Cases

“We are the government (too),” said county Clerk- Recorder Lee Lundrigan. “If the purpose of making a document public may be criminal, we communicate that information to the DA’s fraud team and they can make the final determination.” Everyone needs to drop this clerk an email or phone call to see how many “Linda Green” … Read more

Study | The Argument that C.E.O.’s Will Leave if They Aren’t Compensated Well, Perhaps Even Lavishly, is Bogus

C.E.O.’s and the Pay-‘Em-or-Lose ‘Em Myth New research by Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, and Craig K. Ferrere, one of its Edgar S. Woolard fellows, begins by attacking this conventional wisdom. Mr. Elson and Mr. Ferrere conclude, contrary to the prevailing line, … Read more

VINCENT YOUNG vs PRO PLAYER FUNDING LLC | QB Says He’s Not Liable for Bogus $1.9M Loan

QB Says He’s Not Liable for Bogus $1.9M Loan (CN) – NFL quarterback Vince Young claims in court that his former financial adviser and sports agent fraudulently took out a nearly $1.9 million loan in his name from a predatory lender. Young is suing the lender, Pro Player Loan, in New York County Supreme Court … Read more