by Brian Mahany More and more homeowners are securing victories within the court system. Unfortunately, only a tiny fraction of struggling borrowers can afford competent legal counsel. Many homeowners are behind on their payments because of illness, disability or lack of employment. Obviously if they had funds they could pay their mortgage and wouldn’t need […]
Four Stockbroker Giants Fined Millions For Selling Risky Investments
by Brian Mahany Everyday we seem to encounter another story of a big bank doing something wrong. Often it has to do with mortgage lending and foreclosure practices. Sometimes it involves helping Ponzi scheme fraudsters hide their crimes. Today’s story involves Citi, Wells Fargo, UBS and Morgan Stanley and their sale of risky investments. According […]
TD Bank Accused Of Fraud (Again)
by Brian Mahany Big banks have not been getting good press these days and this post is no exception. Earlier this year, TD Bank suffered a startling setback when it was found to have “aided and abetted” fraud. A civil jury then sanctioned the bank with a $67 million dollar judgment. Do you think they […]
Appraisal Fraud Alive And Well
by Brian Mahany Mortgage fraud comes in many flavors. We see lenders engaging in predatory lending practices, shady brokers writing bad loans (meaning sure defaults and that means taxpayers holding the bag), banks that defraud their own employees of commissions and of course, loan servicers that engage in widespread foreclosure fraud. Appraisers have their fair […]
New Hope For Struggling Homeowners!
by Brian Mahany We have been saying for several months that the tide is beginning to turn against big banks and mortgage lenders. Many courts are beginning to get fed up with the abusive practices of lenders. Recently several state supreme courts have been weighing in on a wide variety issues including missing paperwork, forged […]
HUD Challenges Marketing Services Agreements
by Brian Mahany Because we represent homeowners, mortgage company employees and sometimes the interests of taxpayers (federal false claims act cases), we see new frauds and shady deals in the lending industry just about everyday. Some, like forged documents and phony appraisals, are pretty obvious. Others such as sham “marketing services agreements” are tougher to […]
Catholic University, Former MSHA Chief Accused of Fraud
by Brian Mahany According to AP wire reports, David McAteer, former director of the United States Mine Safety and Health Administration and West Virginia’s Wheeling Jesuit University have been accused of bilking taxpayers. The accusations were set forth in an affidavit released by an agent from NASA’s Inspector General. A federal grand jury is considering […]
2 Whistleblowers Reap Millions in Mortgage Fraud Suit
by Brian Mahany Whistleblowers are the new American heroes. Most fraudsters get caught because someone gets fed up and turns them in. Some people are motivated by the large cash awards paid by the government, others want revenge (jilted lovers and workers who were poorly treated are always good sources of tips) and some simply […]
House of Horrors Owner Convicted
by Brian Mahany Two back to back tales of horror from Atlanta. Just a few hours ago we posted a story of a Medicare fraud case in Atlanta. A radiology group agreed to pay almost $4 million to settle accusations that they prescribed unnecessary radiation treatments to prostate cancer patients. If bilking the government isn’t […]
Radiation Clinic Settles With Feds in Whistleblower Case
by Brian Mahany Those suffering with cancer hope and pray that their caregivers are doing everything necessary to get them well. Physicians take an offer to prevent suffering. The oath says in part that, “In every house where I come I will enter only for the good of my patients, keeping myself far from all […]
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