Mortgage and Financial News From 2010-4-16 Page 01
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Seven men charged in alleged $40 million mortgage fraud - Minneapolis Star Tribune
Seven Twin Cities men face two racketeering charges each in an alleged $40 million mortgage fraud scheme that stretched across several counties with a focus on new developments in exurbs. Facing identical charges are Brandon S. Flavin, 33, of ...
2010-04-16 11:46:00 -
SEC Charges Goldman Sachs With Fraud Costing Investors ... - ABC News
Federal regulators today charged investment bank Goldman Sachs with fraud over the sale of risky subprime mortgage securities that were secretly designed to fail, costing investors $1 billion. Securities and Exchange Commission's Division of ...
2010-04-16 01:24:00 -
Two Members of Reverse Mortgage Fraud Ring Plead Guilty - PR-USA.net (press release)
President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive ... task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local ...
2010-04-10 08:59:00 -
SEC Charges Goldman, Sach (GS) With Fraud Related to CDO Tied to Subprime Mortgages - StreetInsider.com (subscription)
The Securities and Exchange Commission today charged Goldman, Sachs & Co. (NYSE: GS ) and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter. The SEC alleges
2010-04-16 09:42:00 -
S.E.C. Accuses Goldman of Fraud in Mortgage Deal - New York Times (blog)
As the Abacus deals plunged in value, Goldman and certain hedge funds made money on their negative bets, while the Goldman clients ... investors like foreign banks, pension funds, insurance companies and other hedge funds. But the deck was stacked ...
2010-04-16 04:44:00 -
Goldman Sachs charged with mortgage fraud - St. Martin Daily Herald
... Lloyd Blankfein further on the defensive after he told the federal Financial Crisis Inquiry Commission ... charged with fraud. Goldman shares slid 12.8 percent on Friday, closing down $23.57 at $160.70 on the New York Stock Exchange.
2010-04-16 09:16:00 -
Foreclosure-rescue scammer facing 20 years in prison - Bradenton Herald
Foreclosure-rescue scammer facing 20 years in prisonBradenton HeraldPeter James Porcelli II, also known as Peter James, pleaded guilty in a Tampa federal courtroom Thursday to one count of mail fraud in connection with the ...and more »
2010-04-16 11:12:19 -
ST. PETERS > Guilty plea in $573000 embezzlement - St. Louis Post-Dispatch
ST. PETERS > Guilty plea in $573000 embezzlementSt. Louis Post-DispatchAndrea M. Wild, 51, of St. Peters, pleaded guilty Friday in federal court on one count of felony mail fraud. She had been an administrative assistant for a ...and more »
2010-04-16 11:17:47 -
Obama to veto finance reform if not tough enough - MSN Philippines News
Obama to veto finance reform if not tough enoughMSN Philippines News... from news that Goldman Sachs -- a storied Wall Street investment bank -- was charged with fraud in the sale of subprime mortgage-based derivatives. ...and more »
2010-04-16 11:19:38 -
Oil prices tumble on dip in US consumer sentiment index - MSN Philippines News
Oil prices tumble on dip in US consumer sentiment indexMSN Philippines News... linked to trading of mortgage backed securities at the heart of the financial meltdown. "Dominated by headlines of Icelandic volcanos and fraud charges, ...and more »
2010-04-16 11:21:16 -
Former Enterprise building in Brockton gets no interest at auction - Wicked Local Brockton
Former Enterprise building in Brockton gets no interest at auctionWicked Local BrocktonA firm that held the mortgage for the former Enterprise building took control of the Main Street building Friday after no bidders showed up ...and more »
2010-04-16 11:41:36 -
Yen Rises as China, Greece Speculation Spurs Demand for Safety - BusinessWeek
Yen Rises as China, Greece Speculation Spurs Demand for SafetyBusinessWeekThe dollar dropped for two straight weeks against the yen for the first time since January after Goldman Sachs Group Inc. was charged with fraud, ...and more »
2010-04-16 11:42:12 -
Stocks negative amid mixed US earnings; higher US$ pushes commodities lower - News1130
Stocks negative amid mixed US earnings; higher US$ pushes commodities lowerNews1130Losses also picked up momentum after the US Securities and Exchange Commission accused Goldman Sachs & Co. of defrauding investors and announced civil fraud ...and more »
2010-04-16 11:43:54 -
Financial stocks fall as SEC accuses Goldman with fraud over subprime mortgage market dealings
NEW YORK - Financial shares are falling after federal regulators accused Goldman Sachs of fraud over some of its dealings during the mortgage meltdown.
2010-04-16 01:55:51 -
Summary Box: Rates fall after gov't accuses Goldman of fraud related to mortgage securities
RATES SLIDE: Interest rates fell in the Treasury market Friday after the government filed civil fraud charges against Goldman Sachs for its dealings in the subprime mortgage market.
2010-04-16 05:10:40