NPR.org, June 20, 2008 ยท The Justice Department appears to have officially opened the penalty phase of the mortgage debacle in this country.
On Thursday, the FBI paraded two indicted Wall Street executives before TV cameras. That same day, the bureau announced the arrests of hundreds of people who allegedly perpetrated mortgage scams nationwide.
The arrests came [...]
Posts Tagged as ‘Developers’
June 21, 2008
FBI MORTGAGE FRAUD CRACKDOWN BRINGS IN ENTIRE MORTGAGE FOODCHAIN
June 9, 2008
LandSource, A Big Land Developer in Southern California, Files For Bankruptcy
(From RTT News)
California-based land and development company LandSource Communities Development LLC said Sunday it filed voluntary petitions for relief under chapter 11 in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. The company filed for bankruptcy as its efforts to reach deal with creditors, on an interim plan, to modify and restructure [...]
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