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fraud Topic in The Credit Debacle Catalog

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zero hedge Sun 2009-08-30 15:00 EDT

Was Morgan Stanley Compromised By Project Mayhem?

One of the key headlines these days has been the unmasking of what has been dubbed the biggest identity theft and credit card fraud case in history, allegedly spearheaded by one Albert Gonzalez, who in 2003 was involved in a comparable scheme however upon being caught, promptly became an informant for the Secret Service and turned over 30 of his hacking buddies. Six years later it is he this time who is in the hot seat, together with most of his associates, including one 25 year old Stephen Watt, who supposedly was the creator of the credit card sniffer software used to hack into over 130 million of various credit cards for merchants such as TJX, Dave And Busters and 7-Eleven, which numbers were subsequently sold for hefty sums...

Morgan Stanley Compromised; Project Mayhem; Zero Hedge.

Thu 2009-07-30 00:00 EDT

naked capitalism: William Black Uses the "F" Word A Lot

-- banking fraud

F; lot; naked capitalism; William Black Uses; words.

Tue 2009-06-16 00:00 EDT

naked capitalism: Bailout Inspector General to Warn That Public Private Partnership Open to Fraud

Neil Barofsky

Bailout Inspector General; fraud; naked capitalism; Public Private Partnership Open; warning.

Fri 2009-05-08 00:00 EDT

Rebuttal To Mish: FRL - The Market Ticker

fractional reserve lending defended against claim of fraudulence; ``So long as the bank never lends out more unsecured than it has in excess capital, there has been no fraud. The instant the bank does so, it has committed fraud.'' ``Our failure is regulatory. It is against the law to commit fraud and yet we have refused to prosecute those who have claimed to be solvent when they are not. ''

FRL; Market Ticker; Mish; Rebuttal.

Mon 2009-04-06 00:00 EDT

Bill Moyers Journal . Transcripts | PBS

ex-banking regulator William K. Black calls fraud: ``make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road.''

Bill Moyers Journal; PBS; Transcript.

Wed 2009-04-01 00:00 EDT

William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

credit rater rebuffed by rating agency senior management; FBI reports endemic lender-initiated mortgage fraud

better understand; Crisis; documentation; reads; William K. Black.

Thu 2009-02-26 00:00 EST

Calculated Risk: Ponzi: SEC Charges Stanford with $8 billion securities fraud

8; Calculated Risk; Ponzi; SEC Charges Stanford; securities fraud.

Tue 2009-01-06 00:00 EST

Jesse's Café Américain: Citigroup and Key Officers including Prince and Rubin Named in Suit Charging Fraud

Jesse's Café Américain: Citigroup and Key Officers including Prince and Rubin Named in Suit Charging Fraud

Citigroup; Jesse's Café Américain; key Office; Prince; Rubin Named; Suit Charging Fraud.

Sun 2008-11-23 00:00 EST

Skeptical CPA: Bust-outs and the Paulson Mob

AIG bankruptcy fraud

Bust-outs; Paulson Mob; skeptical CPA.

Fri 2008-11-07 00:00 EST

naked capitalism: Banks and "Innocent Fraud"

2008-10-15

bank; Innocent Fraud; naked capitalism.

Wed 2008-06-25 00:00 EDT

naked capitalism: Illinois Sues Countrywide

mortgage counsellor suggests "70% to 80% of subprime mortgages involved fraud by the mortgage broker"

Illinois Sues Countrywide; naked capitalism.

Wed 2008-06-04 00:00 EDT

JS Online: House of pain

by Cary Spivak and Daniel Bice; mortgage fraud personified

Housing; JS Online; pain.

Sun 2008-05-25 00:00 EDT

Mish's Global Economic Trend Analysis: Fraud Probe At Moody's

Fraud Probe; Mish's Global Economic Trend Analysis; Moody's.

Thu 2008-03-27 00:00 EDT

Mish's Global Economic Trend Analysis: Dear Citigroup Customer ....

Citigroup mortgage reset fraud?

Citigroup Customer; Mish's Global Economic Trend Analysis.

Tue 2007-12-11 00:00 EST

MORTGAGE MELTDOWN / Interest rate 'freeze' - the real story is fraud / Bankers pay lip service to families while scurrying to avert suits, prison

by Sean Olender

avert suits; Bankers pay lip service; family; fraud; freeze; interest-rate; mortgage meltdown; prisoners; real story; scurrying.

Fri 2007-11-09 00:00 EST

naked capitalism: OFHEO's James Lockhart Takes Cuomo to the Woodshed

Cuomo suing WaMu for appraisal fraud

naked capitalism; OFHEO's James Lockhart Takes Cuomo; Woodshed.

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