Nine seized over mortgage frauds - Democratic Underground

KeepItReal

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Tue Mar-10-09 08:48 AM
Original message

Nine seized over mortgage frauds

Source: BBC

Police have arrested eight men and a woman over suspected involvement in a massive mortgage fraud worth £40m.

More than 50 officers from the City of London Police force arrested the suspects early this morning at homes in Sussex and north London.

The Police are investigating fraudulent mortgages taken out on 500 homes in Southern England between 2005 and 2007.

Read more: http://news.bbc.co.uk/1/hi/business/7934590.stm

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BR_Parkway

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Tue Mar-10-09 08:55 AM
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1. We know why Bush's incompetents never investigated properly

but you have to wonder why folks in the rest of the world were so slow to catch this stuff as well.

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LeftHander

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Tue Mar-10-09 09:07 AM
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3. Wasn't until our DOJ and SEC started tipping other countries....

Once we started pursuing financial large scale fraud did the other nations end up on the money trail.

The Bush admin and GOP liked to keep business fraud friendly.

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babylonsister

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Tue Mar-10-09 09:00 AM
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2. We should take lessons. nt

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acmavm

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Tue Mar-10-09 09:09 AM
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4. I was going to point out that very fact myself. Here, we just let

'em go home to their mansions and then we give 'em money.

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sarcasmo

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Tue Mar-10-09 09:10 AM
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5. Plaster their faces all over the TEEVEE. The United States needs to stat making some arrests. Oh, wa...

Our guilty can stay in their penthouses and their wife can keep her money in her account.

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Tue May 07th 2024, 08:24 AM
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