Forum Post: Why Did the Banks Need to Falsify and Forge Fabricated Documents? Loan Origination Fraud!
Posted 11 years ago on Jan. 7, 2012, 5:42 p.m. EST by nighttalker
from New York, NY
This content is user submitted and not an official statement
The investors who purchased David Stern’s foreclosure mill have taken the extraordinary step of announcing publicly that they had been duped into buying a “criminal enterprise.” Obviously they didn’t want to get caught up in the dragnet of prosecutors looking for convictions. Nobody would spend $60 million like these investors did and then announce to the world that not only was it worthless, it was worse than worthless. It turns out that once they owned it they discovered that the entire enterprise was based upon criminal and other illegal or improper acts. It will soon be obvious that virtually all the foreclosure mills operated identically to Stern because they were owned and operated by the same people........ http://livinglies.wordpress.com/2012/01/05/why-did-the-banks-need-to-falsify-and-forge-fabricated-documents/