Search Results for: mortgage fraud

A federal jury in Maryland convicted Baltimore’s former top prosecutor Marilyn Mosby on Thursday on perjury charges. The jury found Mosby was guilty of falsifying financial duress claims in order to withdraw funds from a retirement fund. A jury in the US District Court of Maryland convicted Mosby on two federal perjury counts after she [...]

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US prosecutors unveiled an indictment against Senator Bob Menendez (D-NJ), his wife and three businessmen on Friday, accusing the senator of using his position to aid three businessmen in financial and pending criminal matters, as well as assisting the government of Egypt, in exchange for bribes. Menendez denied the accusations soon after the indictment’s release. [...]

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France’s national financial crime agency Parquet National Financier (PNF) Monday reached a settlement with Credit Suisse to resolve an ongoing probe into accusations of money laundering. PNF began the investigation in 2016 when it suspected Credit Suisse of helping account holders avoid taxes and allowing clients to harbor undeclared, untaxed foreign bank accounts. The Swiss [...]

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The US Supreme Court agreed on Friday to review the issue of whether shareholders can bring class action lawsuits that allege securities fraud. In Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement, the questions the court has agreed to address are: Whether a defendant in a securities class action may rebut the presumption of classwide [...]

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The Arkansas Supreme Court on Tuesday invalidated the state legislature election victory of Democrat Jimmie Wilson over a previous federal misdemeanor conviction. The invalidation deemed Republican David Tollett the default victor of the November 3 Arkansas State House District 12 election. The court invalidated Wilson’s victory despite then-president Bill Clinton pardoning Wilson for in 2001. [...]

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A four-judge New York appellate panel Thursday unanimously agreed to dismiss state fraud charges against former Trump campaign chairman Paul Manafort. Manafort, who was previously sentenced to seven and a half years in prison for money laundering and witness tampering in a federal court, might escape state prosecution for similar crimes. The New York court [...]

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Justice Maxwell Wiley of the Supreme Court of New York on Wednesday granted Paul Manafort’s motion to dismiss an indictment from March that charged him with crimes of residential mortgage fraud, falsifying business records and scheming to defraud. Manafort, President Donald Trump’s former campaign chairman, had already been charged with the same crimes at the [...]

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