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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Shaggy Rogers

Looks like BS employees will go same way as Enron employees....How the list of the $hafted grows from homeowners to investors to their very own employees, on and on...This "Wretched Hive of Scum and Villainy" knew no limit. 

http://money.cnn.com/news/newsfeeds/articles/prnewswire/LAW118A09012008-1.htm


Law Offices of Howard G. Smith Announces Investigation on Behalf of Current and Former Employees of The Bear Stearns Companies Inc. Who Invested in the Company's 401(k) Savings Plan
January 09, 2008: 05:00 PM EST

BENSALEM, Pa., Jan. 9 /PRNewswire/ -- Law Offices of Howard G. Smith announces that it is investigating claims against The Bear Stearns Companies Inc. ("Bear Stearns" or the "Company") concerning whether the Company's 401(k) Savings Plan (the "Plan") imprudently invested in Bear Stearns stock and whether the Plan's administrators breached their fiduciary duties to the Plan's participants in violation of the Employee Retirement Income Security Act of 1974.

The investigation concerns whether Bear Stearns and other administrators of the Plan failed to prudently and loyally manage the Plan's investments in Bear Stearns stock by continuing to offer Company stock when the stock was no longer a prudent investment for participants' retirement savings.

If you are a current or former employee who participated in, or continues to participate in, the Company's 401(k) Savings Plan and have information or would like to learn more about these claims, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, or by email to howardsmithlaw@hotmail.com.

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, by email to howardsmithlaw@hotmail.com.

CNNMoney.com
 
 
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