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Read Criminal Law updates, alerts, news, and legal analysis from leading lawyers and law firms:

SEC Files Offering Fraud, Microcap Fraud Actions

by Dorsey & Whitney LLP on

Microcap fraud and offering fraud cases are staples of SEC enforcement. The agency added to its totals in these areas, filing an additional offering fraud and microcap fraud action. SEC v. Mogler, Civil Action No. 15-cv-01814...more

Former JPMorgan Chase Insider Blows the Whistle

by Bilzin Sumberg on

Matt Taibbi of Rolling Stone recently profiled the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking in his article, The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare....more

This Week In Securities Litigation

by Dorsey & Whitney LLP on

Rengan Rajaratnam settled his insider trading case with the SEC this week, consenting to the entry of a permanent injunction and agreeing to pay disgorgement, prejudgment interest, a civil penalty and to be barred from the...more

Shadow Regulation: A Call For Judicial Oversight To DPA’s Or NPA’s

by Burr & Forman on

On August 21, 2014, the United States Department of Justice announced a record 16.65 billion dollar agreement to resolve civil claims alleged against Bank of America for improperly concealing the risks of mortgage-related...more

Citigroup To Pay $7 Billion To Settle Mortgage Claims

To settle charges related to the packaging, marketing, sale, and issuance of residential mortgage-backed securities (RMBS), Citigroup will pay a total of $7 billion, including a record $4 billion fine to the Department of...more

Federal Criminal Investigation of JPMorgan

by Bilzin Sumberg on

The civil division of the Justice Department has preliminarily concluded that JPMorgan broke federal laws in connection with its sale from 2005 to 2007 of subprime and Alt-A residential mortgage securities, and the bank is...more

U.S. Securities & Exchange Commission Charges Bank of America With Fraud in RMBS Offering

by Barry Fagan on

SEC Charges Bank of America With Fraud in RMBS Offering FOR IMMEDIATE RELEASE Washington D.C., Aug. 6, 2013 The Securities and Exchange Commission today charged Bank of America and two subsidiaries with defrauding...more

White Collar Watch - May 2013

In This Issue: - SEC Charges Municipal Bond Issuer with Securities Fraud for Misleading Statements on Issuer’s Website - State v. Brown Affords Managers in the Mortgage Processing Industry a Cautionary Tale -...more

WHISTLEBLOWER: WELLS FARGO FABRICATED AND ALTERED MORTGAGE DOCUMENTS ON A MASS BASIS

by Barry Fagan on

Thursday, March 7, 2013 WHISTLEBLOWER: WELLS FARGO FABRICATED AND ALTERED MORTGAGE DOCUMENTS ON A MASS BASIS Over the last two and a half years, Wells Fargo, like most of the major mortgage servicers, claimed that it had a...more

Federal Criminal Lawyer Douglas McNabb of McNabb Associates - News On Current Federal Criminal Cases

by McNabb Associates, P.C. on

October 26, 2012 - The Federal Crimes Watch Daily The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney. Topics Include:...more

International Criminal Defense Lawyer Douglas McNabb of McNabb Associates - News On Current International - Transnational Criminal...

by McNabb Associates, P.C. on

October 25, 2012 - International & Transnational Criminal Defense Lawyers Our paper focuses on articles concerning US Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions...more

Federal Criminal Lawyer Douglas McNabb of McNabb Associates - News On Current Federal Criminal Cases

by McNabb Associates, P.C. on

October 25, 2012 - The Federal Crimes Watch Daily The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney. Topics Include:...more

Abacus Bank Indicted for Mortgage Fraud; More Prosecutions to Come?

by Bloomberg Law on

June 8 (Bloomberg Law) -- Last week Manhattan DA Cy Vance filed charges against Abacus Bank and 19 former employees for committing mortgage fraud. Does this mean more prosecutions of other banks for crimes committed prior to...more

June 5, 2012 - The Federal Crimes Watch Daily

by McNabb Associates, P.C. on

The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney....more

DOJ Goes After Smaller Fraudsters, Lets Big Fish Escape

by Ifrah PLLC on

Successful criminal prosecutions of mortgage fraud seem to have one thing in common: a fraud figure well below $10 million. One of the recent cases that generated a fair amount of press involved the convictions of...more

Justice Department Establishes Residential Mortgage-Backed Securities Working Group

At a press conference on January 27, 2012, Attorney General Eric Holder, accompanied by the SEC Director of Enforcement, the Secretary for the Department of Housing and Urban Development, the Assistant Attorney General for...more

The Foreclosure Crisis: Don’t Believe Everything You Read

by Ifrah PLLC on

Legal pressure is mounting against the firms involved in the nationwide foreclosure crisis. In the wake of reports that possibly fraudulent court documents were used to fast-track home foreclosures, a federal Financial Fraud...more

Financial Crisis Alert: FBI Probes Role of 26 Firms in Financial Crisis

Law enforcement officials have said that Fannie Mae, Freddie Mac, Lehman Brothers and American International Group (AIG) are 4 of 26 companies subject to corporate fraud investigation by the FBI. The investigations come in...more

OPERATIONS: The Subprime Crisis: Will the feds show up at your doorstep? By: Robert R. Calo

by Lane Powell PC on

The subprime mortgage crisis is unique in America’s array of economic downturns. There have been banking crises on Wall Street (most recently, the Savings and Loan scandal) and real estate and mortgage crises on Main Street,...more

Take Stock of Your Own House: Proactively Responding to the Subprime Crisis

Podcast: Take Stock of Your Own House Proactively Responding to the Subprime Crisis 3/11/2008 On March, 4, 2008, Mintz Levin held a live webinar addressing the current subprime crisis. Mintz Levin Members Richard...more

Federal Regulators & Prosecutors Ramp Up Resources in the Mortgage Fraud Arena

by Lane Powell PC on

Continuing its aggressive post-Enron investigation of white-collar crime, the federal government has trained its sites on the mortgage financing industry. For example, the FBI recently announced: “The FBI views mortgage fraud...more

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