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MORTGAGE BROKER INDICTED IN MILLION DOLLAR MORTGAGE FRAUD SCHEME Media Newswire (press release), NY - 3 hours ago (HOUSTON)-Clarence Lewis III, 45, a broker operating Motown Mortgage Group, has been indicted and charged with conspiracy, wire fraud and money laundering ... - www.latimes.com
Some who entrusted their money to the elusive Alfredo Trujillo Fox are going to court and the authorities to get it back. He has filed for bankruptcy protection. In retrospect, Drew Gordon says, he should have been more wary of the well-dressed man at the Beverly Hills BMW dealership with a deep voice, suave ways and a business offer that seemed too good to be true. - www.bloomberg.com
Oct. 29 (Bloomberg) -- The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a plan that may provide about $500 billion in government guarantees for troubled mortgages, according to people familiar with the matter. The program ...