Sentences with phrase «paid illegal kickbacks»

For a business intent on paying illegal kickbacks it is only a matter of performing a cost benefit analysis to determine that it is a profitable proposition to violate the law.

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took action against Prospect Mortgage, LLC, a major mortgage lender, for paying illegal kickbacks for mortgage business referrals.

Not exact matches

Furthermore, the consent order explained that Prospect Mortgage had designated a specific loan officer (who worked directly out of the Keller Williams Mid-Willamette office but was paid by Prospect) to maintain the illegal kickback scheme.

They may not have even gone to the money manager who offered to pay the highest, completely illegal kickback — which, as we know, happens.

Despite that, the judge, in addition to the prison time, ordered Silver to pay back $ 5 million he gained from illegal kickback schemes, as well as a $ 1.75 million fine.

Former Assembly Speaker Sheldon Silver was sentenced to 12 years in prison and told by a federal judge that he must give back $ 5 million that he gained from illegal kickback schemes, as well a pay another $ 1.75 million in fines.

Off the top of my head the biggest ones are: (1) corruption within the Buildings & Grounds Department (2) corruption involving school district vendors over-billing and paying bribes and kickbacks that led to those two Federal indictments and convictions; (3) corruption involving police harassment of a woman on behalf of the manager of a local beach club; (4) a child rapist operating out of a public middle school; (5) an illegal gambling and pornography web site operated by members of the New Rochelle Police Department; (6) a retired police officer defrauding charities including St. Jude's Children's Research; (7) illegal asbestos handling and asbestos removal at an elementary school; (8) an effort to artificially inflate the salaries and pensions of senior police commanders; (9) the relationship between the New Rochelle Police Commissioner and a corrupt contractor, a man who has since been convicted on Federal corruption charges; (10) the sordid history of former New Rochelle Schools Administrator Freddie Dean Smith.

Hymowitz received some negative press back in 2009 when Bloomberg News reported he had received state pension funds to invest from a company then - AG Cuomo had identified in his pay - to - plau pension fund probe as paying possible illegal kickbacks.

On Thursday, Attorney General Andrew Cuomo charged Saul Meyer, a founding director of Aldus Equity Partners, with agreeing to pay about $ 300,000 in illegal kickbacks to Hank Morris, a top political adviser to Alan Hevesi, the former New York State comptroller.

«Illinois lawyer tied to indicted law firm; A Tribune investigation raises questions about fees paid to a Springfield attorney by a high - powered law firm; That firm was indicted last month in California on charges it lured clients with illegal kickbacks»: The Chicago Tribune today contains a lengthy article that begins, «For the last three decades, whenever a major corporation has been accused of cheating its stockholders, the powerhouse New York law firm of Milberg Weiss hasn't been far behind with a class - action lawsuit.»

Prospect Mortgage, LLC, a major mortgage lender, and two real estate brokerages have been ordered by the Consumer Financial Protection Bureau (CFPB) to pay more than $ 3.5 million in civil penalties and consumer compensation for participating in an «illegal kickback scheme» for mortgage business referrals.

Sherman Oaks lender Prospect Mortgage will pay the federal government $ 3.5 million to settle charges that it operated illegal kickback schemes with real estate brokers to gain business.