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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Here is the real solution to the economic crises and ms fraud.

Exposing that fact that money laundering and off the books accounts are systemic.

We need to force write downs of the fraudulent loan origination and foreclosures and recover the assets.

UBS to pay $780M, open secret Swiss bank records 

By DEVLIN BARRETT, Associated Press Writer - 1 min ago

 

WASHINGTON – Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by big clients.

As part of the deal struck in federal court in Fort Lauderdale, Fla., UBS has made the unprecedented step of agreeing to immediately turn over to the U.S. government account information for U.S. customers of the bank's cross-border business.

In doing so, federal authorities have struck a big crack in Switzerland's vaunted bank secrecy laws.

UBS will pay $780 million in fines, penalties, interest and restitution for conspiring to create sham accounts to hide the assets of U.S. from the U.S. government.

According to U.S. officials, when an acquisition in 2000 of a U.S. company brought UBS a host of new, American clients, the bank set about to evade new reporting requirements for those clients. To do so, UBS executives helped U.S. taxpayers open new accounts in the names of sham entities.

Prosecutors contend that UBS executives used encrypted software and other counter-surveillance techniques to prevent anyone from detecting that they were actively marketing such Swiss bank secrecy — and tax evasion — to American taxpayers.

The clients, in turn, filed false tax returns that omitted the income they earned in their Swiss accounts, according to the court papers.

Federal officials said they had pulled aside a veil of secrecy that hid a corrupt international banking practice.

"This was not a mere compliance oversight, but rather a knowing crime motivated by greed and disrespect for the law," said Alexander Acosta, U.S. attorney for southern Florida.

http://news.yahoo.com/s/ap/20090218/ap_on_bi_ge/ubs_secrets
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4 Justice Now
I couldn't agree more!

It's the only way that we will ever restore even a bit of faith in the U.S.A.  Anything short of doing so will simply delay the inevitable collapse of this country as we know it.

V/r,

4J
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alexa


damn  right,  GET  ALL  THESE  BASTARDS!

ENOUGH  ALREADY..   we're  in  this  mess  because  of these sh*ts! and  having  the  audacity  to  'blame'  us  for   buying  more  than  one  can  chew'--  oh  yeah?! BASTARDS!
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arkygirl
Yes, we need the names of the tax cheats.

There are still several Cabinet positions to be filled.....

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Moose
arkygirl wrote:
Yes, we need the names of the tax cheats.

There are still several Cabinet positions to be filled.....



Now that made my day!
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4 Justice Now
I agree, Arkygirl always seems to know just what to say and when.

Many thanks! as usual.


V/r,

4J


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