ESTHER T. ROTELLA | FORECLOSURE FRAUD | by DinSFLA

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No criminal charges in WaMu failure

No criminal charges in WaMu failure


Keep moving…nothing to read here….just more of the same

SEATTLEPI-

No charges will be filed against the leadership team of Washington Mutual Bank, which failed in 2008 amid a cloud of suspicion that improper lending had been occurring there.

Announcing the decision late Friday, a U.S. Attorney’s Office spokesperson said in a statement that a federal task force examining the WaMu failure did not find evidence of criminal violations.

“Investigators have conducted an extensive investigation that included hundreds of interviews and the review of millions of documents relating to the operations, and the subsequent failure, of Washington Mutual Bank,” the statement read. “Based upon its investigation, the Department of Justice has concluded that the evidence does not meet the exacting standards for criminal charges in connection with the bank’s failure.”

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Former Washington Mutual Officials Near Deal With FDIC Over Bank Losses

Former Washington Mutual Officials Near Deal With FDIC Over Bank Losses


BLOOMBERG-

Former Washington Mutual Inc. (WAMUQ) Chief Executive Officer Kerry Killinger and Chief Operating Officer Stephen Rotella are in lawsuit settlement talks with the Federal Deposit Insurance Corp., according to a court filing.

Lawyers for Killinger, Rotella and David Schneider, Washington Mutual’s former home-loans president, exchanged term sheets with FDIC attorneys and are “diligently working to resolve their remaining disputes,” according to papers filed yesterday in federal court in Seattle.

“In some instances, the settlement terms must have consent of certain third parties,” lawyers for both sides said.

Continue reading [BLOOMBERG]

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WaMu execs Kerry Killinger and Steve Rotella respond to FDIC lawsuit. Killinger calls it “political theater:”

WaMu execs Kerry Killinger and Steve Rotella respond to FDIC lawsuit. Killinger calls it “political theater:”


From the Puget Sound Biz Journal:

“The factual allegations are fiction. The legal conclusions are political theater. Trial in a courtroom that honors the rule of law — and not the will of Washington D.C. — will confirm Kerry Killinger’s management, diligence and commitment to Washington Mutual responsibly and consistently served the interests of its depositors, customers and shareholders.”

Killinger added: “Washington Mutual’s management structure was a model of corporate governance.”

Read more: WaMu execs: FDIC suit is “political theater” | Puget Sound Business Journal

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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COMPLAINT | F.D.I.C. Sues WAMU Execs. and Wives For $900 Million

COMPLAINT | F.D.I.C. Sues WAMU Execs. and Wives For $900 Million


Via: Brian Davies

THE FEDERAL DEPOSIT INSURANCE
CORPORATION, as RECEIVER of
WASHINGTON MUTUAL BANK
,
Plaintiff,

v.

KERRY K. KILLINGER, STEPHEN J.
ROTELLA, DAVID C. SCHNEIDER,
LINDA C. KILLINGER, and ESTHER T.
ROTELLA
,
Defendants.

[ipaper docId=50971713 access_key=key-20ki1w716u5b98o9s0jl height=600 width=600 /]

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