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Gary Edwards

States negotiating immunity for banks over foreclosures - 0 views

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    Thanks to Marbux.  Seems like nothing will stop the Banksters from seizing it all.  I think i've previously posted that when i was with Virtual Realty (VRi), we were forever trying to crack into the MERS electronic database.  Wow did the Banksters screw this one up.  Now only their corrupt sycophants in Congress and the Coursts can save them.  Not even the lap dog media will touch this. excerpt: A coalition of all 50 states' attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks. State and federal officials declined to say if any form of immunity from criminal prosecution also is under discussion. The banks involved in the talks are Bank of America, Wells Fargo, CitiGroup, JPMorgan Chase and Ally Financial. REUTERS REPORT PROMPTS LETTER Reuters reported Monday that major banks and other loan servicers have continued to file questionable documents in foreclosure cases. These include false mortgage assignments, and promissory notes with suspect or missing "endorsements," which prove ownership. The Reuters report also showed continued "robo-signing," in which lenders' employees or outside contractors churn out reams of documents without fully understanding their content. The report turned up several cases involving individuals who were publicly identified as robo-signers months ago. Reuters found that such activity has continued even after 14 major mortgage lenders signed settlements with federal bank regulators promising to halt such practices and give remediation to some homeowners who were harmed. In response to these disclosures, Sen. Robert Menendez (D-NJ), chairman of the Senate Subcommittee on Housing, Trans
Gary Edwards

5 Signs You're Dealing With Someone Who's A Fraud - 0 views

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    exerpt: Just one bad apple can have awful consequences (see Madoff, Bernie or Kozlowski, Dennis). But how to spot the bad apples when you're picking from the tree? On the company's website, Crowe Horwath LLP Partner and Leader of Fraud, Ethics, and Anti-corruption Services, Jonathan T. Marks has published a short paper detailing tell-tale signs that might help someone sort out who will be an asset to their business and who could wreak major havoc and "spoil the bunch." We've combed through it and delved deep to look at what these signs are and how you might be able to use them.
Gary Edwards

Putting the Freud in Fraud: Focus on the Human Element | Crowe Horwath LLP - 0 views

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    Excellent study of corporate fraud, with advice on how to detect it. excerpt: By taking a closer look at high-profile individuals who have perpetrated massive corporate fraud at Enron, WorldCom, Tyco, and the like and instances of fraud identified in practice, as well as some recent research, we can identify a pattern of similar behavioral elements common to white-collar crooks and cultural elements common to their environments. Following are some key elements often associated with individuals who are more likely than others to commit fraud as well as settings in which fraud is more likely to occur than elsewhere. The presence in a company of any single element is not enough to indicate fraud. But the combination - any combination - of these elements increases the risk of fraud. Behavioral Elements Individuals who exhibit or have a combination of the following social characteristics might be more likely than others to stray from the straight and narrow. Detecting fraud is further complicated by the fact that many of these behavioral elements are the same ones that tend to make executives successful.
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