The task force, established by President Barack Obama in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes, is composed of representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and s
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02/24/2010
Sterling Hgts. Realtor, Ralph Roberts has accepted the American Bankruptcy Institute’s membership invitation. Founded in 1982, the American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. The
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02/15/2010
The collapse of the U.S. housing and mortgage-backed securities markets has raised the stakes in real estate workouts and loan negotiations as never before -- and both investors and legal professionals must retool their strategies to reflect these new realities, advised veteran bankruptcy and con
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02/09/2010
I posted this blog on ActiveRain in October of 2006. With Mortgage Fraud eroding today's real estate world like locust devouring a jungle, these words bear repeating today. Fixing the System (ActiveRain, October 2006) "Con artists will always find ways to exploit vulnerabilities in the system
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02/04/2010
Starting Friday, companies that provide loan modification services must be licensed or face a fine under a law that kicks in to further protect consumers from fraud when they refinance or renegotiate a loan. Facing a rash of complaints from already cash-strapped consumers, lawmakers earlier thi
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01/28/2010
It’s hard not to become emotional when faced with the hardships that life throws at us these days. When you have fallen on hard times due to a job loss or a mortgage issue, it’s very easy to feel depressed, helpless, and sorry for yourself. But you must realize that there are many solution
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01/26/2010
I posted this article last year in January 2009. Since I receive a ton of mail with the basic question, "How can I get a loan modification?" I felt compelled to re-post it again at the beginning of 2010. Consumer Advocate Ralph R. Roberts Reveals the Top Five Dos and Don'ts of Loan Modification
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01/26/2010
The Securities and Exchange Commission's inspector general on Wednesday released a scathing report finding that the agency failed to follow up on detailed complaints and missed exposing the biggest fraud in the history of the agency, a $50 billion Ponzi scheme perpetrated by Bernard Madoff. "Desp
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01/25/2010
That fatal slide occurred in the first half of the decade at American Business Financial Services Inc., a subprime-mortgage lender in Philadelphia that went bust in 2005 with losses of $700 million for thousands of mostly elderly mom-and-pop investors. “If forced to choose one phrase to describ
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01/24/2010
Tom Petters, a Minnesota businessman, is planning to appeal his convictions in a Ponzi scheme that cost investors more than $3.5 billion. Petters' defense team announced Thursday it planned to appeal his conviction on 20 counts of wire fraud, mail fraud, conspiracy and money laundering. Effor
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01/23/2010