Elder abuse happens daily. Because it’s victims are often incapacitated or to scared to seek help, the problems don’t get the attention they deserve. Some elder abuse victims are so ill they don’t even understand that they are being victimized. As a society, we hope that caring family members, lawyers, social service providers and bankers […]
BONY To Pay $114 Million To Defrauded Investors – Fraud Recovery Blog
by Brian Mahany Our firm concentrates in fraud recovery. Frequently the frauds we handle involve Ponzi schemes. By the time the fraud comes to light, there are very few assets to recover. Some victims rely on court appointed receivers. Sometimes that works but often the result is a recovery of just pennies on the dollar. […]
Government Accuses Wells Fargo Of Massive Mortgage Fraud
[Post Updated] Lately we have been writing a lot of stories about Bank of America. It seems America’s biggest bank is also the most inept. Every now and then, however, they get a break and the bad headlines go to one of the other behemoth lenders. Today’s Wall of Shame honors go to Wells Fargo. […]
Homeowners – 1, Bank of America, Wells Fargo -0
by Brian Mahany Despite the turning tide, big banks continue to win many court battles. Individual homeowners just can’t afford to take on the banking giants and their Park Avenue lawyers. Now and then, however, homeowners win. And some times they win big. Every victory empowers more and more homeowners to come forward. Last week’s […]
Can I Sue For Denial Of HAMP Loan Modification?
by Brian Mahany “Can I sue for denial of a HAMP loan modification” is a question we frequently hear. Some lenders (Bank of America, Citi, Wells Fargo) seem to run borrowers through the ringer only to ultimately deny them a mortgage modification. That’s a shame since Congress authorized the Home Affordable Modification Program as part […]
Is Wells Fargo Guilty of Murder?
by Brian Mahany The title of this post is admittedly provocative and designed to really get people thinking. The story you are about to read comes from several mortgage blogs and from news reports published by the Huffington Post. Their headline read “Norman Rousseau, Foreclosure Victim, Commits Suicide During Wells Fargo Lawsuit”. What you are […]
Foreclosure Victims Taking It To The Streets!
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 […]
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 […]
Homeowners Rejoice – Appeals Court Reinstates HAMP Denial Complaint
by Brian Mahany The term HAMP probably doesn’t mean much, unless you are one of the tens of millions of Americans struggling to pay their mortgage. HAMP stands for the Home Affordable Mortgage Program rolled out by the U.S. Treasury Department after the housing and mortgage crisis of 2008. The program includes mortgage modifications, rate […]