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:

SPEECH OF HON. ROBERT W. NEY OF OHIO IN THE HOUSE OF REPRESENTATIVES
THURSDAY, SEPTEMBER 15, 2005

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.

http://blogs.orlandosentinel.com/news_politics/2009/02/two-peas-in-a-pod-corrupt-congressman-was-fan-of-allen-stanford-.html

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.

http://www.orlandosentinel.com/news/local/state/orl-a2nelson1809feb18,0,1051053.story

S

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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?

Sara
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