Wall Street Accused of Widespread Mortgage Fraud
A whistleblower has come forward, and he is dropping a bombshell on Wall Street. According to Pro-Publica, a whistleblower is claiming that Securities that contain loans for properties like hotels and office buildings have inflated profits. These grossly inflated properties and profits could lead to another mortgage market collapse as significant as the last great […]
Justice Dept Subpoenas Banks In Sweeping PPP Fraud Probe
Reuters reports that The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660 billion emergency loan program to help small businesses hurt by the novel coronavirus. The subpoenas appear to be targeted to large banks that have originated PPP […]