From Shadow Branches to Shadow Banks… (Whistleblower Post)

One of the biggest banks frauds in recent history was that perpetrated by Allied Home Mortgage. As I type this post, a federal jury trial is underway in Houston to determine whether Allied and its owner Jim Hodge engaged in a greedy scheme to rip off taxpayers for $2.4 billion. Allied claims it was an innocent victim of the 2008 housing bubble.Read the full article