(305) 290-4263 Wall St., mortgage fraud & related crimes--Federal & State
Like anyone else, the Federal Government does not like to lose money and it is important that our banks are fully operational, are not under stress, and can loan money. Movies like Too Big to Fail (William Hurt, Paul Giamatti, Cynthia Nixon, Billy Crudup, Bill Pullman, James Woods) that showed the collapse of Lehman Bros. and Bear Stearns and Margin Call (Kevin Spacey, Demi Moore, Paul Bettany, Jeremy Irons, Stanley Tucci), demonstrate what happens or what could happen if the banks fail.
This is the great recession, not as bad as the Great Depression, but it could have been worse than the Great Depression. I'm not saying I agree with bank bailout, I'm just saying there are probably more crooks on Wall Street than there are being prosecuted in our Federal District Courts. My favorite line in the movie Too Big to Fail was by Cynthia Nixon's character, Michelle Davis who is complaining about giving the banks Federal loans says, "The banks caused this mess, but we have to give them money with no restrictions on how they use it, or they won't take it?!!?" Classic. What followed, according to the media, is the largest bonuses and biggest golden parachutes (for retirement) that Wall St. executives have ever had.
With that in mind, the Feds will aggressively pursue anyone that could affect the banking industry, disrupt the economy, or just generally rip off the Federal Gov. (taxes, mortgage insurance, FDIC insurance for bank deposits, etc.) through the mail, using electronic funds trasfer, over the phone, anything. With the bad economy, huge deficit, and an election year, the Feds ("Uncle Sam") needs its money too.
Note: when I cite a Federal Staute, I'm going to include the chapter so that the law is easier to find. Normally, the chapter is left out when you cite a Federal Statutes. I think 18 USC Ch. 63, Sec. 1341 is easier to find that 18 USC Sec. 1341. It's like lawyers cite the country and the city, but leave out the state???
With the exception of a small bank robbery where the robbers are only after the cash in the bank teller's drawers, the FBI usually handles large scale robberies, robberies of Federal Banks, and white collar crime such as: defrauding the FHA or Federal Housing Administration (which insures home loans) [18 USC (Ch. 47
Sec. 1010]; false statements to financial institutions "loan and credit applications" [18 USC (Ch. 47) Sec. 1014], wire fraud [transferring money accross state or International boundaries (18 USC (Ch. 63) Sec.1343)]; mail fraud [18 USC (Ch. 63) Sec. 1341]; conspiracy [18 USC (Ch. 63) Sec.1349]; money laundering [18 USC (Ch. 95--Racketeering) Sec. 1956], etc.
Although the FBI says,"Mortgage Fraud is material misstatement, misrepresentation, or omission relied upon by a underwriter or lender to fund, purchase, or insure a loan." FBI 2010 mortgage fraud report, the Federal Statute seems to be Title 18 U.S.C. Sec. 1344, and is generally called "Bank Fraud" whereas the Florida Statute (Ch. 817.545) is more specifically called, "mortgage fraud".
This is the great recession, not as bad as the Great Depression, but it could have been worse than the Great Depression. I'm not saying I agree with bank bailout, I'm just saying there are probably more crooks on Wall Street than there are being prosecuted in our Federal District Courts. My favorite line in the movie Too Big to Fail was by Cynthia Nixon's character, Michelle Davis who is complaining about giving the banks Federal loans says, "The banks caused this mess, but we have to give them money with no restrictions on how they use it, or they won't take it?!!?" Classic. What followed, according to the media, is the largest bonuses and biggest golden parachutes (for retirement) that Wall St. executives have ever had.
With that in mind, the Feds will aggressively pursue anyone that could affect the banking industry, disrupt the economy, or just generally rip off the Federal Gov. (taxes, mortgage insurance, FDIC insurance for bank deposits, etc.) through the mail, using electronic funds trasfer, over the phone, anything. With the bad economy, huge deficit, and an election year, the Feds ("Uncle Sam") needs its money too.
Note: when I cite a Federal Staute, I'm going to include the chapter so that the law is easier to find. Normally, the chapter is left out when you cite a Federal Statutes. I think 18 USC Ch. 63, Sec. 1341 is easier to find that 18 USC Sec. 1341. It's like lawyers cite the country and the city, but leave out the state???
With the exception of a small bank robbery where the robbers are only after the cash in the bank teller's drawers, the FBI usually handles large scale robberies, robberies of Federal Banks, and white collar crime such as: defrauding the FHA or Federal Housing Administration (which insures home loans) [18 USC (Ch. 47
Sec. 1010]; false statements to financial institutions "loan and credit applications" [18 USC (Ch. 47) Sec. 1014], wire fraud [transferring money accross state or International boundaries (18 USC (Ch. 63) Sec.1343)]; mail fraud [18 USC (Ch. 63) Sec. 1341]; conspiracy [18 USC (Ch. 63) Sec.1349]; money laundering [18 USC (Ch. 95--Racketeering) Sec. 1956], etc.Although the FBI says,"Mortgage Fraud is material misstatement, misrepresentation, or omission relied upon by a underwriter or lender to fund, purchase, or insure a loan." FBI 2010 mortgage fraud report, the Federal Statute seems to be Title 18 U.S.C. Sec. 1344, and is generally called "Bank Fraud" whereas the Florida Statute (Ch. 817.545) is more specifically called, "mortgage fraud".
Posted by Mr. Misdemeanor at 11/30/2011 2:51 PM 
Categories: florida statutes:Ch. 817.545, Federal Statutes:18 USC Sec. 1343:18 USC 1014:18 USC Sec. 1010:18 USC Sec. 1956:18 USC Sec. 1344:18 USC Sec. 1349:18 USC Sec. 1341
Tags: foreclosure defense criminal defense mortgage fraud attorney lawyer miami dade fort lauderdale broward misdemeanors felonies traffic tickets dui bail bond arraignment probation violation loan servicer loan modification short-sale hamp harp deed-in-lieu promissory note mortgage note mortgage statutes conspiracy financial institution false statement wire fraud bank fraud money laundering fbi police arrested sheriff highway patrol state police FDIC federal credit union ots office of thrift supervision department of housing and urban development credit union federal housing administration FHA HUD defrauding insures insurance bank bailout too big to fail margin call kevin spacey demi moore jeremy irons stanely tucci Paul Bettany James Woods William Hurt Cynthia Nixon Paul Giammati Bill Pullman Wall Street Lehman Brothers Bear Stearns electronic funds transfer federal deficit false statements financial institutions bank deposits domestic violence driver's license white collar crime Billy Crudup exectuive bonuses golden parachute
Categories: florida statutes:Ch. 817.545, Federal Statutes:18 USC Sec. 1343:18 USC 1014:18 USC Sec. 1010:18 USC Sec. 1956:18 USC Sec. 1344:18 USC Sec. 1349:18 USC Sec. 1341
Tags: foreclosure defense criminal defense mortgage fraud attorney lawyer miami dade fort lauderdale broward misdemeanors felonies traffic tickets dui bail bond arraignment probation violation loan servicer loan modification short-sale hamp harp deed-in-lieu promissory note mortgage note mortgage statutes conspiracy financial institution false statement wire fraud bank fraud money laundering fbi police arrested sheriff highway patrol state police FDIC federal credit union ots office of thrift supervision department of housing and urban development credit union federal housing administration FHA HUD defrauding insures insurance bank bailout too big to fail margin call kevin spacey demi moore jeremy irons stanely tucci Paul Bettany James Woods William Hurt Cynthia Nixon Paul Giammati Bill Pullman Wall Street Lehman Brothers Bear Stearns electronic funds transfer federal deficit false statements financial institutions bank deposits domestic violence driver's license white collar crime Billy Crudup exectuive bonuses golden parachute
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