The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Washington DC, mortgage fraud was at the center of the 2008 financial crisis, yet some political leaders today appear to have forgotten just how devastating those practices were. The issue has resurfaced with Federal Reserve Board member Lisa Cook, who is suing the Trump administration after being removed from her post over allegations of mortgage application fraud.
the staff of the Ridgewood blog
Wyckoff NJ, a Bergen County, New Jersey, man was arrested today on charges of engaging in mortgage fraud, fraudulently obtaining an SBA loan, and stealing another person’s identity information, Acting U.S. Attorney Rachael A. Honig announced.
the staff of the Ridgewood blog
Teaneck NJ, a Bergen County, New Jersey, man today admitted orchestrating a long-running bank and securities fraud scheme, which led to large-scale losses for financial institutions and investors, Acting U.S. Attorney Rachael A. Honig announced.
Continue reading Teaneck Property Manager Admits Decade-Long $80 Million Mortgage Fraud Scheme
The Socialist Utopia of Vt. , Federal investigators are now looking into the finances behind a real estate deal for a now-defunct college put together by the wife of U.S. Sen. Bernie Sanders. Comrade Sanders has confirmed on Monday she has hired a lawyer to look after her interests.
The investigation, first reported by the news website Vtdigger.com, is looking into allegations that Jane O’Meara Sanders made fraudulent claims and promises while seeking $10 million in financing for the real estate deal.
The complaint against Comrade Jane Sanders was filed in early 2016 by attorney Brady Toensing, who served as the Vermont campaign chairman for Donald Trump during his run for president as a Republican. In a separate complaint, Toensing alleged that Bernie Sanders’ senatorial office pressured a bank to approve the loan.
Back in 2010, Comrade Jane Sanders was president of the tiny Burlington College when she brokered a $10 million deal for the college to buy the last undeveloped parcel of land in Burlington on the Lake Champlain waterfront made up of 32 acres overlooking the lake and the 77,000-square-foot former orphanage and administrative offices of Vermont’s Roman Catholic Church, which needed the money to settle a series of priest sex abuse cases.
Then in January 2016, Toensing filed a complaint with the Vermont office of the U.S. attorney and the Federal Deposit Insurance Corp. He alleged a loan used by the college to buy the land “involved the overstatement and misrepresentation of nearly $2 million … in what were purported to be confirmed contributions and grants to the college.”
