Former BofA executive pleads guilty in bid-rigging scheme The Charlotte Observer A former Bank of America executive has pleaded guilty to participating in a bid-rigging scheme that manipulated how contracts to invest municipal bond proceeds were awarded, the U.S. Justice Department announced. | The executive, Phillip D. Murphy, w...
Gold mine scams point to trouble ahead, analysts say South China Morning Post Retired Chinese diplomats and non-existent gold mines have been linked to fraudulent investment schemes in what analysts say may be a sign of trouble ahead as tightening liquidity and concerns about the viability of lending products are likely to res...
Mortgage brokers sued in federal court over Charlotte real estate deals The Charlotte Observer Two mortgage brokers operated a conspiracy in which they gave lenders false information to obtain loans used for speculative real estate investments in Charlotte, according to two federal civil lawsuits filed Wednesday. | False statements by Joshua H...
JP Morgan to pay US$614m in mortgage fraud case South China Morning Post JP Morgan Chase settled the latest in a string of legal claims on Tuesday when it agreed to pay US$614 million to the US government and admitted that it had defrauded federal agencies by underwriting substandard mortgage loans. | JP Morgan, the large...
New York Mayor Bill De Blasio Caught Jaywalking After City Cracks Down On Pedestrians Business Insider New York Mayor Bill de Blasio and his security detail were caught jaywalking Friday on the way to de Blasio's morning workout, according to the New York Post. | The Post story includes a video showing that the red hand was not just flashing when the mayor crossed the street. His transgression came even as the NYPD has been cracking down on pedestri...
New York Mayor Bill De Blasio Caught Jaywalking After City Cracks Down On Pedestrians Business Insider New York Mayor Bill de Blasio and his security detail were caught jaywalking Friday on the way to de Blasio's morning workout, according to the New York Post. | The Post story includes a video showing that the red hand was not just flashing when the mayor crossed the street. His transgression came even as the NYPD has been cracking down on pedestri...
