Regulatory uncertainty, toxic environment drive Wells Fargo, Prospect out of MSAs

Trending Thursday: Is the job description “financial press” or “palace guard?”

From the Fed to FannieGate, plus the impact of banking regulations and more

Question remains: When will interest rates start rising?

3 different expert predictions
W S

Items Tagged with 'TARP'

ARTICLES

SIGTARP snares seven schemers for massive mortgage fraud

Charges include mail fraud, bank fraud, aiding and abetting
Seven California residents now face federal charges for their roles in an alleged mortgage fraud scheme that defrauded lenders of more than $3 million. According to court documents, the defendants conspired to defraud mortgage lending companies and financial institutions by making false statements on loan applications and short-sale applications.
Read More

Kentucky man to spend 12 years in prison for insane fraud scheme

Defrauded IRS of $53M, bribed bank execs; didn't stop there
A Kentucky man will spend the next 12 years in federal prison for leading a spectacularly massive scheme that involved defrauding the Internal Revenue Service of $53 million, bribing senior bank executives, the fraudulent purchase of an insurance company and the defrauding of insurance regulators and an investment bank.
Read More

Loan officer sent to federal prison for bank fraud

Bank was recipient of TARP funds
A former loan officer at a Kansas bank, which received funds from the government as part of the Trouble Asset Relief Program, will spend the next six months in federal prison after pleading guilty to one count of bank fraud.
Read More