The $9 Billion Witness: Meet JPMorgan Chase’s Worst NightmareShe tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. “It was like watching an old lady get mugged on the street,” she says.
Wells Fargo whistleblower lawsuit from 2011 unsealedCHARLOTTE, N.C. – A big bank in Charlotte is being sued over allegations connected to the mortgage crisis. It’s not Bank of America. Wells Fargo is the target of a whistleblower lawsuit charging it took money from federal programs while hiding “mismanagement and fraudulent practices.”
Bank of America’s dark secrets unwind southern author’s lifeBank of America’s ongoing alleged “bad faith” delay tactics and discovery stonewall in author TJ Fisher’s explosive $70 million lawsuit against the bank have stretched the case into four years. Now flat broke and $27 million in debt, former-millionaire Fisher faces the possibility of no roof over her head before a jury finally has the opportunity to pass judgment on the Too Big To Fail banking titan.
U.S. Prosecutor Masterminded $37 Billion Bank Penalty WinRelated Geoffrey Graber, the 41-year-old Justice Department attorney tasked with holding Wall Street accountable for the financial crisis, has a message for his prosecutors: Always be closing. In the past year, Graber has won almost $37 billion in penalties from some of the world’s largest banks, a record haul for prosecutors.
The Government’s Entire Civil Anti-Fraud Arsenal On Display In Historic Settlement With Bank Of America | The National Law ReviewThe Government recently entered into a massive settlement with Bank of America and its affiliated entities related alleged wrongdoing by the bank in connection with the packaging and sale of residential mortgage-backed securities that contributed to the Great Recession of 2008.
Graham Legal Helps Another Family Remain in Their HomeMiami, Florida (PRWEB) October 03, 2014 The Law Firm of Graham Legal, P.A., who specializes in foreclosure defense in the South Florida market, recently celebrated another win on behalf of a client who can now remain in their home. “Victoriously representing a client who was wronged by their lender is a tremendous feeling.
Bank of America accused of trying to evict homeowner current on payments – Southeast Texas RecordA Hamshire man alleges his mortgage lender is trying to evict him after agreeing to allow him to bring the account current and maintain the loan. Travis Stark filed a lawsuit against Bank of America Aug. 22 in Jefferson County District Court.
Utah Homeowner Wins Lawsuit Against Bank of America in Illegal Foreclosure Action – (St. George UT) – Utah Fifth District Judge Jeffrey Wilcox listened to Sam Adamson tell his story on the witness stand about the illegal foreclosure conducted on h…Utah Homeowner Wins Lawsuit Against Bank of America in Illegal Foreclosure Action (St. George, UT) – Utah Fifth District Judge Jeffrey Wilcox listened to Sam Adamson tell his story on the witness stand about the illegal foreclosure conducted on his home by ReconTrust Company over four years ago.
AIG shareholders sue government claiming their $182 bn bailout wasn’t favorable enoughReuters/Brendan McDermid Maurice Greenberg, former head of the American International Group (AIG), recruited prominent Wall Street players to contribute several million dollars to a lawsuit that alleges the US government bailout of AIG in 2008 was unfair to company shareholders. Greenberg, who still owns a large stake in AIG, filed the suit on behalf of his fellow shareholders.
13 Major Global Banks Sued by Virginia for $1.15BIssues pertaining to the pre-crisis business conducts continue to trouble major global banks. Units of Citigroup Inc. (C), Deutsche Bank AG (DB), Bank of America Corporation (BAC), The Goldman Sachs Group Inc. (GS), Credit Suisse AG (CS), HSBC Holdings plc (HSBC), Morgan Stanley (MS) and JPMorgan Chase & Co.
The Biggest Lie of the New CenturyYesterday, we looked at why bankers weren’t busted for crimes committed during the financial crisis. Political corruption, prosecutorial malfeasance, rewritten legislation and cowardice on the part of government officials were among the many reasons. But I saved the biggest reason so many financial felons escaped justice for today: They dumped the cost of their criminal activities on you, the shareholder (never mind the taxpayer).
Right to Know: The PACER Mess And How to Clean ItPACER (Public Access to Court Electronic Records) is the government-run online system used by lawyers, the press, and the public to access public federal court records in the United States. The administrators of that system recently announced that a huge number of documents from five federal courts have been permanently removed from its database and are no longer publicly viewable.
Payback Time: Bank of America’s Reckoning — K@WIn the U.S. Justice Department’s largest civil settlement ever with a single entity, Bank of America (BoA) agreed on August 21 to pay $16.65 billion to put to rest allegations by federal and state law enforcement agencies of mortgage-related fraud during the financial crisis era.
