On November 19th, the core of the Obama “Justice” Department’s “49 State Settlement,” of the millions of fraud claims by the suing mortgagees against the mega-banks who were trying to foreclose on robo-signed and other dubious mortgages, was finally announced, and it basically gave the mega-banks what they wanted: all of the money they could […]
MILAN (AP) — A court in Italy has convicted former Premier Silvio Berlusconi of tax fraud and sentenced him to four years in prison. In Italy, cases must pass two levels of appeal before the verdicts are final. Berlusconi is expected to appeal.
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The Washington Post reported Monday that David Plouffe, a senior White House adviser who was President Obama’s 2008 campaign manager, “accepted a $100,000 speaking fee in 2010 from an affiliate of a company doing business with Iran’s government.”
“A subsidiary of MTN Group, a South Africa-based telecommunications company, paid Plouffe for two speeches he made in […]
The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers that are increasing “exponentially.”
Read the whole story at CNBC.com
New Yorker Abake Assongba has pledged to help President Obama win reelection, and as one of his 400 volunteer fundraisers, she has delivered $50,000 to the cause.
But she is also trailed by some controversy, accused in court of defrauding a businessman out of $657,000, impersonating a bank official and dodging creditors.
Read the whole story at Washington Post
A Government Accountability Office report released Monday is the latest review to cast doubt on the likelihood that taxpayers will fully recoup more than $80 billion invested in the two U.S. automakers.
Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies’ value would […]
Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.Read more at Reuters