U.S. seeks $864 million from Bank of America after fraud verdict

Categorized | STOP FORECLOSURE FRAUD

U.S. seeks $864 million from Bank of America after fraud verdict

U.S. seeks $864 million from Bank of America after fraud verdict

So I wonder what exactly constitutes criminal behavior for the Department of inJustice?

This only send one clear message and that is Fraud has a price as long as you’re able to pay the fine.

Make $1 Billion and pay $1 Million fine!! Nice message to send wall street eh?


Reuters-

The U.S. government urged that Bank of America Corp pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit.

In a filing late Friday in the U.S. District Court in Manhattan, the government also asked for penalties against Rebecca Mairone, a former midlevel executive at the bank’s Countrywide unit who the jury also found liable, “commensurate with her ability to pay.”

The government said the penalties were necessary to punish the bank and Mairone “and to send a clear and unambiguous message that mortgage fraud for profit will not be tolerated.”

[REUTERS]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8683 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

9 Responses to “U.S. seeks $864 million from Bank of America after fraud verdict”

  1. Pennies on the dollar for fraud is not teaching the banksters anything but they can get away with organized crime for a fee, just as is stated in this article. No justice here and no reason given to the banks to stop their crimes. NONE! Who are they kidding? Definitely not the American public. The American Trust has been blown and it is well known yet these cases go on and on without any realistic sanctions or prosecutions. The American people continue paying out the nose and the ****.

  2. One of the problems is the average uninformed American sees the head lines and are fooled our government is protecting us, which is far from true. Now canceling part of the Dodd Frank Act and passing bad law and ridiculous settlements.

  3. Mario Cano says:

    They have cost me my life BOA committed fraud
    Criminal actions , but no one help us ??? How can I fail criminal wrong doing ???

  4. Mario Cano says:

    When is this abuse of no rights to the small person is
    Going to stop . 3 judges find the Bank guilty of creating false
    Documents and nothing happens and the case is
    Not public?? Very wrong . Crime is commited by attorneys anc Bank ??
    Why is no justice big firms $$ talks

  5. Mario Cano says:

    How can our attorney never help us tobe ppart , we are a part ofthier abuse and froude
    Crazy not to be compensated BONY/ BOA vs Cano total crime by the Bank

  6. Mario Cano says:

    BOA vs Cano. BOA attorney blommer peterson out of wuakasha Wi , commited froude and conflict of interest by creating false documents
    In behalf of one of the defenders MARS sighn by plannifs attorney and local judge
    Lets it go with out letting defendant anwser . ??
    Total violation of rights .

  7. Mario Cano says:

    Boa vs Cano
    What do you do when it is clear bank and Attorneys commited a crime but you have run out of money to fight them and judges are in thier side ???? Where is our justice deparment ???

  8. Mario Cano says:

    Justice Deparment cant let attorneys and Judges
    Present false documents with out the defendent having legal right
    To respond. BONY vs Cano a total crime by attorneys and Bank.

  9. Mario Cano says:

    REMIC. Vaolation ,??? By BOA vs Cano where is justice ??

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives