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Federal prosecutors preparing to file criminal charges against former Wall Street traders

Federal prosecutors preparing to file criminal charges against former Wall Street traders


THIS is only the beginning, expect many many more in months to come.

WSJ-

Federal prosecutors are preparing to file criminal charges against former Wall Street traders alleging they misstated the value of mortgage bonds, an issue central to the 2008 financial crisis, according to people familiar with the matter.

The Manhattan U.S. Attorney’s office is planning to allege in a criminal complaint that several former traders at Credit Suisse Group AG, a major global investment bank, misled the bank’s investors by booking inflated prices of mortgage bonds to boost their bonuses, despite knowing the values of those securities had dropped, according to the people familiar with the matter.

Credit Suisse itself won’t be …

[WALL STREET JOURNAL]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (0)

Judge Schack Outstanding Order To Show Cause “plaintiff and plaintiffs’ counsels made material misrepresentations” | JPMORGAN CHASE v. BUTLER

Judge Schack Outstanding Order To Show Cause “plaintiff and plaintiffs’ counsels made material misrepresentations” | JPMORGAN CHASE v. BUTLER


JPMORGAN CHASE BANK, NATIONAL ASSOCIATION AS PURCHASER OF THE LOANS AND OTHER ASSETS OF WASHINGTON MUTUAL BANK, FORMERLY KNOWN AS WASHINGTON MUTUAL BANK, FA (THE “SAVINGS BANK”) FROM THE FEDERAL DEPOSIT INSURANCE CORPORATION, ACTING AS RECEIVER FOR THE SAVINGS BANK AND PURSUANT TO ITS
AUTHORITY UNDER THE FEDERAL DEPOSIT INSURANCE ACT, 12 U.S.C.
9 1821(D),

-versus-

FREDERICK W. BUTLER,

EXCERPTS:

FURTHER, why an Order should not be entered that plaintiff pursued the Prosecution of this foreclosure action, and participated and engaged in actions,Constituting Settlement Conferences Before the Court in this Matter, when plaintiff had full knowledge, and plaintiffs counsel knew or should have known, that plaintiff had received payment on May 22,20 10 for the amount specified in paragraph SIXTH of its complaint dated on or about January 19,2010, as due and owing (that is, $434,382.89);

FURTHER, why an Order should not be entered that plaintiff and plaintiffs’ Counsels made material misrepresentations to the Court, on April 14,201 1 and May 2, 2011, for example, thereby engaging in misconduct before the Court;

[…]

FURTHER, why plaintiffs counsels, the law offices of Steven J. Baum, and their co counsel Cullen & Dykman LLP, should not be sanctioned pursuant to New York Judiciary Law 487 for misstatements and misrepresentations made to the Court on May 2, 2011, to defendant during the course of 11 settlement conferences over 12 months, and to defendant’s counsel and the Court with respect to the fact and procedural history of this case;

FURTHER, why Judgment should not be entered pursuant to CPLR 32111(a)(l), 321 l(a)(3), 321 l(a)(7) and 321 l(a)(8) dismissing this foreclosure action with prejudice;

FURTHER, why judgment should not be entered imposing sanctions against Plaintiff on the basis that plaintiffs affidavit of facts- namely its verified summons and complaint — contained material misrepresentations about its legal capacity to sue, about which plaintiff had full knowledge from commencement of this;

[…]

[ipaper docId=57973278 access_key=key-1sux49su06my9pi4x6pb height=600 width=600 /]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (2)

WALL STREET FINES: “LARGE PONZI SCHEME”

WALL STREET FINES: “LARGE PONZI SCHEME”


CONGRESS IS COVERING UP! SHAM…SCANDAL!

Janet Tavakoli of Tavakoli Structured Finance tells what she thinks of recent fines the SEC has imposed on Wall Street giants and where she would like future investigations take place.

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in bogus, CitiGroup, concealment, conspiracy, CONTROL FRAUD, corruption, foreclosure, foreclosure fraud, foreclosures, goldman sachs, mbs, originator, Real Estate, S.E.C., scam, securitization, servicers, settlement, sub-primeComments (1)


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