Bank - Page 2

  • Murder Laws in Texas: Types, Degrees, and Punishments

    …-discussed death of Trayvon Martin, prosecutors in Florida charged George Zimmerman, a neighborhood watch volunteer, with second-degree murder. Zimmerman was charged with a second-degree offense because prosecutors found no evidence that Martin’s murder was premeditated. To win the trial against Zimmerman, the prosecutor would’ve been required to show…

    The Law Office of Matthew D. Sharp- 12 readers -
  • Whistleblower Suit Against Quicken Loans Proceeds

    …. Quicken Loans and Commissions Why would Quicken put people in homes they can’t afford? Commissions. Quicken is not a bank. They make home loans but do not keep those loans. Immediately after the loan closes, Quicken sells those loans. Institutional investors won’t buy the loans, however, unless they are insured. Agencies like the FHA, Fannie Mae…

    Due Diligence- 19 readers -
  • Guaranty Bank – FDIC Closure and Whistleblower Post

    … Another bank closed its doors today. Guaranty Bank, based in Glendale, Wisconsin, is no more. At precisely 5:00 pm, regulators closed the bank. With 119 branches in 5 states, only 12 will reopen in the morning. The rest are gone for good. Guaranty Bank’s woes began shortly after the real estate market crashed in 2008. Within a year of the crash…

    Due Diligence- 34 readers -
  • Stealing from the Dead – Accounting Malpractice Post

    …, the masterminds of the scheme were Clayton Smart and Mark Singer. Our story begins in 2003 when all the cemeteries were owned by Michigan lawyer Craig Bush. In 2003, Bush was befriended by a financial advisor named Mark Singer. In those days, Singer worked for Deutsche Bank. Most of the cemeteries had large trust funds each holding millions of dollars…

    Due Diligence- 17 readers -
  • Hackers Hijack Banrisul Bank? Cyberhacking Post

    …. Congress passed the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) in 1989. That law was originally used to prosecute bankers and outside parties who caused widespread failure within the U.S. savings and loan industry. After the financial meltdown of 2008, the law was expanded to allow prosecutions of the banks themselves…

    Due Diligence- 25 readers -
  • The Duties of a Successor Trustee

    … with the provisions in the trust document and always adhere to them. Management of Assets A successor trustee will be responsible for managing all trust accounts, including investments, bank accounts, taxes, and more. It is critical that the trustee never commingles trust assets with his or her own assets, and all investments should be prudent…

    www.kcarplaw.com- 13 readers -
  • ING Bank Subject to Dutch, SEC Probe – Whistleblower Opportunity

    … Where there is smoke, there is often fire. We have all heard that adage and its usually true. Netherlands based ING disclosed that it is being investigated by both Dutch and American authorities. According to a recently filed SEC disclosure, “ING Bank is the subject of criminal investigations by Dutch authorities regarding various requirements…

    Due Diligence- 19 readers -
  • A Banking Nightmare That Only Insiders Will Believe – Whistleblower Post

    … this post will get bank and loan servicer employees to step forward and become whistleblowers. More on that after the story. Earlier this week, a federal bankruptcy judge in Sacramento, California sanctioned Bank of America for intentional violations of the automatic stay in bankruptcy. Few bankers are probably shocked at that revelation but wait…

    Due Diligence- 10 readers -
  • False Claims Act 101 – Intervened Cases vs Declined Cases

    … in declined cases. Next Steps in Intervened Cases When the government intervenes, many cases immediately settle. Because the False Claims Act allows tripe damages and additional civil penalties, many defendants simply decide to settle in the hopes of getting a better deal. Much like criminal defendants will negotiate a plea bargain with prosecutors…

    Due Diligence- 11 readers -
  • Fairness in Class Actions Bill Anything But…

    … We try hard to keep politics out of this blog. Whether you are a Republican, Democrat, claim no affiliation or belong to another party, most of us agree that fraud, greed and corruption is bad. As a leading plaintiff’s law firm, we have successfully prosecuted False Claims Act whistleblower cases under both Republican and Democratic…

    Due Diligence- 8 readers -
  • Fairness in Class Actions Bill Anything But…

    … We try hard to keep politics out of this blog. Whether you are a Republican, Democrat, claim no affiliation or belong to another party, most of us agree that fraud, greed and corruption is bad. As a leading plaintiff’s law firm, we have successfully prosecuted False Claims Act whistleblower cases under both Republican and Democratic…

    Due Diligence- 11 readers -
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