Posts Tagged Wells Fargo fraud
BONY To Pay $114 Million To Defrauded Investors – Fraud Recovery Blog
Posted by admin in Fraud Recovery on February 25, 2013
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
Posted by admin in Fraud Recovery on October 9, 2012
by Brian Mahany 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 [...]
Homeowners – 1, Bank of America, Wells Fargo -0
Posted by admin in Foreclosure Defense, Fraud Recovery on September 26, 2012
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?
Posted by admin in Foreclosure Defense, Fraud Recovery on August 4, 2012
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?
Posted by admin in Foreclosure Defense, Fraud Recovery on May 19, 2012
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!
Posted by admin in Foreclosure Defense, Fraud Recovery on May 1, 2012
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
Posted by admin in Fraud Recovery on May 1, 2012
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
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 [...]
Louisiana Judge “Sticks It” To Wells Fargo
Posted by admin in Foreclosure Defense on April 15, 2012
by Brian Mahany Anyone who regularly reads this blog knows we are not great fans of Wells Fargo. Ditto for Bank of America, Countrywide, Allied or Bank of New York. The lending and foreclosure practices of the giant banks are atrocious. That’s not to say that there aren’t many people at these institutions who still [...]
Homeowners Rejoice – Appeals Court Reinstates HAMP Denial Complaint
Posted by admin in Fraud Recovery on April 7, 2012
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 [...]
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