Feds Charge Former Quicken Loans Contract Worker W/ Bank Fraud & Conspiracy The U.S. Department of Justice has charged former Quicken Loans contract worker Cynthia Slay with conspiracy to commit bank fraud. Slay is accused of using her position at Quicken Loans to gain access to names and Social Security numbers. She also accessed bank account information. […]
Is Your Financial Info Safe At Quicken Loans? Read Post »
It’s Pro-Little Napoleon Dan Gilbert Corporate Media Vs. Independent Media In Detroit Former sports bookie and Little Napoleon Dan Gilbert has huddled the leaders of his boiler operation into an office at The Cube. Gilbert renamed the old Chase Building in Detroit, “The Cube” when he bought it. He held a desperate conference call with
Little Napoleon Dan Gilbert Ignites Media Civil War Read Post »
Deutsche Bank Fined $2.5B For Scheming With Other Banks Deutsche Bank on Thursday became the latest big bank to settle accusations that it contributed to rigging Libor interest rates. The London Interbank Offered Rate, the interest rate of choice for trillions of dollars in municipal bonds, mortgages, student loans and other debt. To settle the
Deutsche Bank Fined $2.5B For Libor Rigging Read Post »
Quicken Loans Faces Losing Billions Of Dollars If Found Liable Under False Claims Act Detroit-based Quicken Loans has been sued by the DOJ today under the False Claims Act. The DOJ alleges that Quicken bullied appraisers to receive higher values for applicants. They also allege underwriting managers encouraged underwriters to “fudge” the incomes of hundreds
US DOJ Sues Quicken Loans Under False Claims Act Read Post »
Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because
Is Chicago Going To Be The Next Detroit? Read Post »
