Crime Pays: The SEC Goes Easy on Angelo Mozilo
Let's say a business leader makes hundreds of millions of dollars through criminal practices that end up wiping out the wealth of myriad homeowners and contributing to the biggest economic crisis in 70...
View ArticleA Prone Target: Foreclosure Help Scams
An article explain how some cheaters are preying on those in mortgage foreclosure.
View ArticleNew Rules Take Aim at Foreclosure Help Scams, But Are They Enough?
The Federal Trade Commission has issued new rules to protect homeowners for mortgage help fraud. Mortgage help fraud is a family of scams that focus on people in or near foreclosure. The methods vary,...
View ArticleBanks Leave Homeowners Vulnerable to Foreclosure Help Fraud
The epidemic of mortgage help fraud has gotten a lot of attention lately and last week regulators took new steps to stop this problem. But what is the cause of the fraud? How can people be so desperate...
View ArticleSeniors Can be Cheated by Reverse Mortgages
The attorney general of Arizona thinks reverse mortgages are the next wave of fraud according to statement he made earlier this year. A reverse mortgage is a financial instrument designed to help...
View ArticleForeclosure Relief Scams: How Big is the Problem?
One of the most troubling facets of America's cheating culture is that a range of cottage industries exist that prey on people's economic misfortunes. The latest example is the rampant problem of...
View ArticleMortgage Collapse: Not All Guilty Parties Will Get Off
A depressing truth of the mortgage crisis is that while numerous individuals and companies broke or bended the law in pursuit of profits, very few are likely to see the inside of a court house much...
View ArticleAnother Mortgage Fraud Conviction
Give it time: prosecutors just might send a serious number of people to prison for the outsized greed and cheating that led to the mortgage meltdown. While these offenders are unlikely to include...
View ArticleNew York AG Picks Up Ball the Feds Dropped on Banks
New York State Attorney General Eric Schneiderman is hoping to be the first law enforcement official to truly hold the big banks accountable for their actions in precipitating the subprime mortgage...
View ArticleJustice in the Financial Crisis: Prosecutors Have Plenty of Targets
Preet Bharara, the U.S. Attorney prosecuting the insider trader cases, is quoted in a recent New Yorker article as saying that a lack of manpower was the reason that authorities hadn't prosecuted more...
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