• Archives

  • Blog Stats

    • 667,011 hits
  • Categories

David Dayen Repost: Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida

Livinglies's Weblog

Low-wage workers posed as bank presidents and signed bogus documents that kicked people out of their homes. Illustration by Dola Sun
Flashback  to May 2016.
Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida
David Dayen

The massive probe threatened to implicate the biggest banks in America, but sent just one woman to prison.

Six years ago, FBI agents in Jacksonville, Florida, wrote a memo to their bosses in Washington, DC, that could have unraveled the largest consumer fraud in American history. It went to the heart of the shady mortgage industry that precipitated the financial crisis, and the case promised to involve nearly every major bank in the country, honing in on the despicable practice of using bogus documents to illegally kick people out of their homes.

But despite impaneling a grand jury, calling in dozens of agents and forensic examiners, doing 75 interviews…

View original post 3,721 more words

Advertisements

What is your opinion?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: