House Of Cards: The Mortgage Mess (CBS News)
Correspondent Steve Kroft reports on how the U.S. subprime mortgage meltdown, in which risky loans drove a housing boom that went bust, is now roiling capital markets worldwide.
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Archive for January, 2008
US District Attorney General Seizes $1.1Bn In 2007 (Scoop.co.nz)
The Law Jobs and Legal NewsWire The Asset Forfeiture Unit of the United States Attorney’s Office for the Southern District of New York has forfeited or reached agreements to forfeit more than $1.1 billion in calendar year 2007. The forfeitures stem from a variety of cases prosecuted by the Office, from corporate fraud cases to cases concerning public corruption, fraud in the United Nations …
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Fraud suspect Bush extradited from Poland (BizJournals)
A Port Orchard resident suspected of operating a $30 million Ponzi scheme has been successfully extradited from Poland and appeared in U.S. District Court last week in Tacoma. He faces 32 different counts of fraud and money laundering.
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Front Porch News Online Edition (Westerly Sun)
Lou Masucci, once one of the “craziest” and coldest sports fans in the world. Students in Eileen Mme. Fiore’s French class at Pawcatuck Middle School, sing for residents of the Elms at Christmastime.
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Man charged with fraud in $30 million Ponzi-like scheme (Seattle Post-Intelligencer)
A Des Moines man who fled to Europe to escape a federal investigation into his investment schemes has been caught and is now being held by authorities.
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FORMER BAYOU FINANCE CHIEF GETS 20 YEARS IN FRAUD CASE (New York Post)
Daniel Marino, the former finance chief of the bankrupt hedge-fund firm Bayou Group LLC, was sentenced to 20 years in prison for defrauding investors of more than $350 million. The judge cited the size of the fraud and Marino’s role as the…
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Judicial Watch releases 2007 list of the 10 most corrupt politicians (Ely Daily Times)
Washington, D.C. — Judicial Watch, the public interest group that investigates and prosecutes government corruption, released its 2007 list of Washington’s “Ten Most Wanted Corrupt Politicians” last month.
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Data mining Digg (ZDNet)
Here is a beautiful example of poking around inside an application to gather what otherwise would be proprietary data. John Graham-Cumming has hacked the social book marking application Digg to discover how many registered users they have. He noticed that inside the html code associated with each user was…
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Duped Investors Seek Justice in Billboard Fraud Trial (WRAL.com Raleigh)
Dozens of members of a Forsyth County church who were among those who lost about $60 million in a national billboard scam anxiously await the outcome of the federal fraud trial of a former church member.
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Judicial Watch releases 2007 list of the 10 most corrupt politicians - Ely Daily Times
Judicial Watch releases 2007 list of the 10 most corrupt politicians
Ely Daily Times, NV - 39 minutes ago
Hsu pleaded guilt to one count of grand theft for defrauding investors as part of a multi-million dollar Ponzi scheme. 2. Rep. John Conyers (D-MI): Conyers …
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