Sentences with phrase «on fraudulent loans»

They declared large profits on fraudulent loans, and paid out an amount equal to their entire capital on wages and salaries for upper management, and dividends.

Not exact matches

The latter re-incorporated themselves as «banks» to get Federal Reserve handouts and access to the Fed's $ 2 trillion in «cash for trash» swaps crediting Wall Street with Fed deposits for otherwise «illiquid» loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments)-- at «cost» based on full mark - to - model fictitious valuations.

Long Island restaurateur Harendra Singh was re-arrested by FBI agents Wednesday on a charge of violating the conditions of his release on $ 5 million bond by submitting a fraudulent loan application.

Long Island restaurateur Harendra Singh was re-arrested by FBI agents on a charge of violating the conditions of his release on $ 5 million bond by submitting a fraudulent loan application.

«On this score we challenge the issuing banks to halt the fraudulent loan transaction; for an APC government come 29th May, 2015, will not honour fraudulent loans, for it will become unnecessary burden for government to shoulder.

Once at a dealership, unsophisticated or unsuspecting customers fail to realize loan applications contain abusively high interest rates, sky - high financing mark - ups, unnecessary add - ons, and are often being filled in with fraudulent income information.

Once connected on the phone, the fraudulent scammers inform potential victims that they are are owed a refund on their student loans because of improperly applied interest charges.

Attorney General Madigan is developing a reputation for spearheading the attack on fraudulent and sketchy student loan practices.

If the student loan borrower falls for the spam - bait and clicks on the message, they are directed to a fraudulent website that the scammers hope will lead to the victim entering identifying and personal account information.

The BBC program Panorama recently aired an expose on a fraudulent student loan scandal that shocked the world.

Mortgage loans based on fraudulent information usually result in delinquency, default, or foreclosure in a bear market.

Therefore, perpetrators may submit loans based on fraudulent information anticipating that the bogus information will be overlooked.

Negotiated, during and after a formal mediation, a favorable result for mortgage broker client on claims that loans were granted on fraudulent information.

Or you might find yourself on a blog such as www.mortgagefraud.org where a release from the Attorney General of Massachusetts was only one of the Top Ten indictments: «WOBURN, WORCESTER — Two bank employees, a mortgage broker, an assistant of the mortgage broker, and a Worcester man had 106 indictments returned against them late yesterday in connection with allegedly creating false or misleading bank documents that were then used to obtain fraudulent mortgage loans in the millions of dollars.»

If the government would come down really hard on the fraudsters who sold the faulty mortgage backed securities and the mortgage brokers who made the fraudulent loans and give the PEOPLE some really serious prison time — instead of just assessing fines on the companies — all the goverment regulations would not be necessary.