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Big Banks Pay Less Over Bad Acts When Trump Appointees Push Back

Since Donald Trump’s election, federal white-collar enforcement has taken a big hit. Fines and settlements against corporations have plummeted. Prosecutions of individuals are falling to record lows. But just how these fines and settlements came to be slashed is less well understood. Two settlements with giant banks over financial crisis-era misdeeds provide a window into … Read more

Owner Of Three Precious Metal Firms Sentenced In $29.5 Million Investment Scheme

Earlier this month Jamie Campany, owner of three invesment firms specializing in alleged metal purchases, was sentenced to 151 months in prison on multiple counts of mail and wire fraud. According to the Information filed in the case and statements made in court during the plea and sentencing, Campany was the owner of three investment … Read more

27 Year Old Charged With Wire Fraud

Locust Offshore Management and Locus Offshore Fund operator Andrey Hicks was charged last week in a complaint with wire fraud at the ripe, young age of 27. The complaint alleges that since March 2011, Hicks has obtained more than $1.6 million from at least nine individuals and two entities for investment purposes using the two … Read more

Ohio AG Goes after Barclays Capital Real Estate, HomeEq Services for Unfair Loan Modifications

The Ohio Attorney general has gone after Barclays Capital Real Estate operating under HomeEQ Servicing for several issues but one of them was an attempt to get Ohio consumers seeking loan modifications to sign agreements that included provisions for the borrower to: Waive all defenses, claims or offsets with respect to the unpaid principal balance … Read more

Europe puts tight controls on £4bn bank offer

Europe puts tight controls on £4bn bank offer Times Online, UK – 37 minutes ago At the same time the Prime Minister pledged to take action against companies that force people out of their homes for trivial amounts of credit card debt . …