Forum Post: Unsealed Complaint | Wells Fargo, Bank of America, J.P. Morgan Chase, GMAC Mortgage, Atlanta VA Loan Guarantee Office Engaged in “A Brazen Scheme to Defraud Our Nation’s Veterans”

PROSECUTE THE ATLANTA VA LOAN GUARANTEE OFFICER! “This is a massive fraud on the American taxpayers and American veterans,” James E. Butler Jr., one of the lawyers bringing the suit, said Tuesday. Tens of thousands of the VA loans have gone into default or resulted in foreclosures, resulting in “massive damages” to the U.S. government, the suit alleges. The faulty loans will cost taxpayers hundreds of millions of dollars, with the costs rising as more VA loans go into default, according to the suit. http://4closurefraud.org/2011/10/05/unsealed-complaint-wells-fargo-bank-of-america-j-p-morgan-chase-and-gmac-mortgage-engaged-in-a-brazen-scheme-to-defraud-our-nations-veterans/