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Permalink Reply by Chancy Yardbird on June 14, 2012 at 12:50pm

Abacus Bank and 19 employees Face Criminal Charges for Liar Loans

On May 31st, Manhattan prosecutors filed criminal charges against Abacus Federal Savings Bank and 19 employees. These are the first criminal charges against an actual bank associated with the financial crisis. This very small bank issued fraudulent mortgages, otherwise known as liar loans and sold them to Fannie Mae.

http://www.economicpopulist.org/content/abacus-bank-faces-criminal-... (interesting informative video included)

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Permalink Reply by Chancy Yardbird on June 15, 2012 at 4:31pm

BANGKOK | Fri Jun 8, 2012 7:00am EDT

BANGKOK (Reuters) - A Thai court jailed an Indian financier for 10 years on Friday for massive embezzlement that helped bankrupt a Thai bank in the mid-1990s and spark a crisis in the financial sector that spread through Asia in 1997.

http://www.reuters.com/article/2012/06/08/us-thailand-banker-idUSBR...

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Permalink Reply by Chancy Yardbird on June 18, 2012 at 10:48am

Three men arrested in connection with distressed property schemes
in which the Southern California men were allegedly involved caused more than $10 million in losses for homeowners, lenders and real estate investors.

According to the indictment, the three men sometimes used short-sale approval letters that were fabricated. Consequently, authorities said, home buyers and investors purchased homes to which they thought they had clear titles but were actually devalued and subject to hundreds of thousands of dollars worth of liens.

At other times, the three men allegedly assumed the identities of property owners and then sold or refinanced properties without the real owners' authorization. In one scheme a home owned by individuals in Saudi Arabia was transferred multiple times, triggering losses of more than $1 million, the indictment says.

If convicted on all charges, Nabizada and Moore face a maximum penalty of 22 years in prison while Asghari faces a maximum of 32 years in prison.

Agents seized more than $548,937 in cash and $1.7 million in proceeds from the alleged schemes held in bank accounts. Other seizures included jewelry and two Bentley luxury cars and a Mercedes-Benz.
http://www.latimes.com/news/local/la-me-housing-fraud-20120618,0,68...

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Permalink Reply by Chancy Yardbird on June 18, 2012 at 3:57pm

Here's one from last thrsday when nobody was watching. . .
R. Allen Stanford gets 110-year sentence for Ponzi scheme

The billionaire banker who plotted one of the biggest Ponzi schemes in U.S. history from a fancy high-rise office in Miami and a bank in Antigua was sentenced Thursday to 110 years in prison.

R. Allen Stanford, 62, could have received 230 years. His attorneys pushed for 41 months.

U.S. District Judge David Hittner had final say, issuing the sentence after presiding over a hearing in Houston where two people spoke on behalf of Stanford’s investors about how the $7 billion fraud over 20 years affected their lives.

For what is considered to be the largest financial fraud, Bernie Madoff was sentenced in 2009 to 150 years in prison, convicted of bilking investors for more than $15 billion.

Read more here: http://www.miamiherald.com/2012/06/14/2850124/r-allen-stanford-gets...

NOPE. nowhere in this was Romney implicated or charged with anything illegal or unAmerican.

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Permalink Reply by Chancy Yardbird on July 1, 2012 at 5:35pm

Here's news of an interesting arrest of 150. The number is interesting and so is the location considering it may be a game changer in the area.

http://www.jpost.com/Headlines/Article.aspx?id=275955

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Permalink Reply by Chancy Yardbird on July 2, 2012 at 2:19pm

WASHINGTON—Global health care giant GlaxoSmithKline LLC (GSK) agreed to plead guilty and to pay $3 billion to resolve its criminal and civil liability arising from the company’s unlawful promotion of certain prescription drugs, its failure to report certain safety data, and its civil liability for alleged false price reporting practices, the Justice Department announced today. The resolution is the LARGEST health care fraud settlement in U.S. history and the LARGEST payment ever by a drug company.
http://www.fbi.gov/boston/press-releases/2012/glaxosmithkline-to-pl...

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Permalink Reply by Chancy Yardbird on July 3, 2012 at 1:56pm

LONDON (Reuters) - Barclays chief executive Bob Diamond quit on Tuesday under fire from politicians and regulators as the bank defended its actions in an interest rate-rigging scandal involving a dozen banks and which threatens to drag in government and the Bank of England.

http://finance.yahoo.com/news/barclays-says-bob-diamond-quits-06350...
P
Barclay's American depositar that trades on the nyse as (BCS-PD) showed little reaction on a short July 3rd. Trading day.

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Permalink Reply by Chancy Yardbird on July 4, 2012 at 12:22pm

Christopher Conley, High Sheriff of Carroll County NH, holds a press conference at the County complex on 7/2/12. He announces that he is forming a task force to investigate mortgage fraud.

http://www.governmentoversite.com/

All American's can establish relationships with our Sheriffs and urge them to also take these actions.

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Permalink Reply by Chancy Yardbird on July 8, 2012 at 8:12pm

‘Sovereign citizen’ captured
Thursday, July 5, 2012

A wanted Andalusia couple – a man who described himself as a “sovereign citizen and self-proclaimed lawyer” and his girlfriend – were captured Monday in Florida.

Travis Lee Lambert, then-61, was charged in 2011 with misdemeanor unlawful practice of serving as a lawyer in Houston County and was released on a $3,000 bond.

Lambert is accused of working on behalf of his girlfriend, the then-60-year-old Janet Tharpe Hancock of Andalusia, who was convicted of burglarizing a residence in Dothan. The two contended that as a sovereign, the laws of the United States did not apply to them. Hancock was released on a $100,000 bond and was sentenced to three years in prison. She had appealed her conviction, but when it was denied, the two fled before heading to court.

A–Advantage Bonding bail enforcement agents found the couple in Port St. Lucie, Fla.

Both Hancock and Lambert are now in the custody of Port Saint Lucie Sheriff Department awaiting extradition back to Houston
County

http://www.patrickpretty.com/2012/07/06/update-2-purported-sovereig...

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Permalink Reply by Chancy Yardbird on July 13, 2012 at 2:51pm

ATLANTA —The Federal Bureau of Investigation is offering a $20,000 reward for a missing Georgia banker accused in a multimillion dollar investment scheme. A federal grand jury indicted him Wednesday on criminal charges.

Aubrey “Lee” Price vanished after sending relatives and regulators a suicide note and confession letter. The Securities and Exchange Commission and the FBI have both filed complaints against him, which would seem to indicate agents believe he may be on the run.
http://www.wsbtv.com/news/news/local/20000-offered-banker-accused-s...

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Permalink Reply by Jude on July 13, 2012 at 3:07pm

This is the guy who tried to commit suicide in Iowa

http://blogs.desmoinesregister.com/dmr/index.php/2012/07/13/fbi-arr...

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Permalink Reply by Chancy Yardbird on July 14, 2012 at 1:18pm

Here's another one in chicago area tied by more ways than one to ohbaba and acorn community organizers.

http://www.wbez.org/news/feds-arrest-former-cook-county-official-ov...

Federal law enforcement officials arrested the former head of a troubled Cook County jobs program on Friday. Forty-two-year-old Chicago resident Brendolyn Hart-Glover is accused of scheming to falsify documents.

The county's President's Office of Employment Training, or POET, had such a scarred past that the name was scrapped after Toni Preckwinkle took over as board president. Before then, Hart-Glover was among its top staff members.

According to the criminal complaint, the Illinois Department of Commerce and Economic Opportunity (DCEO) demanded documents in 2009 and 2010 related to a summer jobs program for kids - documents that POET didn't have.

The complaint said Hart-Glover knew more than a million dollars were at stake, as well as her job and others' jobs.

The feds said in one meeting, Hart-Glover told a staff member to close the door and ordered employees to "recreate" or "reproduce" the missing files. In another conversation, according to the complaint, she told staff where to find blank birth certificates on her desk.

Prosecutors said she lied to DCEO, and later lied to federal investigators.

Last year, Hart-Glover told the Chicago Sun-Times that she didn’t do anything wrong.

In 2009, her sister-in-law, Shirley Glover, a former fiscal manager of the same office, pleaded guilty to embezzling over a hundred thousand dollars

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