Archive for category Fraud Recovery
TD Bank Accused Of Fraud (Again)
Posted by admin in Foreclosure Defense, Fraud Recovery on April 30, 2012
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 learned [...]
Appraisal Fraud Alive And Well
Posted by admin in Fraud Recovery on April 26, 2012
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 share [...]
California Dems Kill Mortgage Reform Bill
Posted by admin in Foreclosure Defense, Fraud Recovery on April 23, 2012
by Brian Mahany
Democrats in the California Assembly’s Banking and Finance Committee derailed two important pro-homeowner bills aimed at curbing foreclosure abuse. In a surprise move, the democratic legislators sided with the pro business Chamber of Commerce moments before Attorney General Kamala Harris was to testify in support of the measures.
Democrats siding with the Chamber is [...]
New Hope For Struggling Homeowners!
Posted by admin in Foreclosure Defense, Fraud Recovery on April 20, 2012
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 affidavits, [...]
HUD Challenges Marketing Services Agreements
Posted by admin in Foreclosure Defense, Fraud Recovery on April 19, 2012
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 spot.
To [...]
Catholic University, Former MSHA Chief Accused of Fraud
Posted by admin in Fraud Recovery on April 16, 2012
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 [...]
2 Whistleblowers Reap Millions in Mortgage Fraud Suit
Posted by admin in Foreclosure Defense, Fraud Recovery on April 15, 2012
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 want [...]
House of Horrors Owner Convicted
Posted by admin in Fraud Recovery on April 11, 2012
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 bad [...]
Radiation Clinic Settles WIth Feds in Whistleblower Case
Posted by admin in Fraud Recovery on April 10, 2012
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 intentional [...]
Agreement to arbitrate: a sign of fraud to come?
Posted by admin in Fraud Recovery on April 7, 2012
by Joe Bird
Many of the various agreements in the mortgage loan process and between mortgage brokers, lenders and banks and their employees contain provisions that require disputes to be submitted to arbitration. What is arbitration and why does the large wealthy entity drafting these agreements desire arbitration rather than resolving legal disputes in front of [...]
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