Deutsche Bank knew mortgage co it bought lied: Justice Dept

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Deutsche Bank knew mortgage co it bought lied: Justice Dept

Deutsche Bank knew mortgage co it bought lied: Justice Dept

(Reuters) –

Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday.

According to the department’s amended $1 billion complaint filed Monday evening with the U.S. District Court in Manhattan, Deutsche Bank was “on notice of and expressly assumed responsibility” for wrongdoing at MortgageIT Inc, which it bought in 2007.

[REUTERS]

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One Response to “Deutsche Bank knew mortgage co it bought lied: Justice Dept”

  1. A A Barry says:

    It is written: “Be not deceived, God is not mocked; whatsoever a man soweth, that shall he reap.”

    Albeit, Deutche and others can take comfort in knowing that God also says: “If my people, who are called by my name, shall humble themselves and pray, and seek my face, and turn from their wicked ways, I will hear their voice from heaven and heal their land.”

    “God is not a man that he should lie.” God bless!

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