Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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And you didn't think there was any corruption with Stanford and his group.  Well, look at what has happened now:

WASHINGTON -- Before he left Congress on corruption charges related to Jack Abramoff, former U.S. House member Bob Ney, R-Ohio, filed a proclamation in 2005 that applauded the work of R. Allen Stanford, the financier recently accused of orchestrating a massive fraud scheme.

From the congressional record:


Mr. NEY. Whereas, Allen R. Stanford has been recognized as the 2006 Recipient of the "Excellence in Leadership Award'' by the Inter-American Economic Council; and Whereas, Allen R. Stanford has been acknowledged for his performance and leadership in the areas of finance and investments; and Whereas, Allen R. Stanford should be commended for his service as the CEO of the Stanford Financial Group based in Houston, Texas.  Therefore, I join with the residents of the entire 18th Congressional District of Ohio in honoring and congratulating Allen R. Stanford for his outstanding accomplishments.

And look at this:

WASHINGTON - A company run by R. Allen Stanford gave U.S. Sen. Bill Nelson, D-Fla., nearly $46,000 in campaign contributions through its political-action committee and employees -- the highest total of any member of Congress, according to a new watchdog report.

Stanford and his company Stanford Financial Group invested heavily in politics, spending about $2.4 million in campaign contributions to lawmakers and political committees since 1989, according the Washington-based watchdog group Center for Responsive Politics.

The center also noted that Stanford Financial Group contributed the most during the 2002 election cycle, when federal lawmakers were debating a bill aimed at curbing financial fraud by better connecting information gathered by state and federal regulators. It passed the House but not the Senate, where it stalled in a committee of which Nelson was not a member.

At the time, Nelson was vice chairman of the Democratic Senatorial Campaign Committee, which took in more than $800,000 from the company, according to the Center for Responsive Politics. He also was recently named to the Senate Finance Committee, which has jurisdiction over customs and ports of entry.,0,1051053.story


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A whole lot more is going to come out, about this guys drug connections and money laundering in "Hedge Funds" and connections directly to former president Clinton.  I really think this is the now the tip of the ice berg of the money laundering.

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Ahhh Gary, you didn't miss that last sentence!

Did you?

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