Wells fargo helping illegals

[LilOlLady]

WELLS FARGO STILL HELPING ILLEGALS DEFRAUD THE FEDERAL GOVERNMENT.

Most of Wells Fargo’s employers here in Nevada are Hispanic and they are helping illegal aliens and other Hispanics to get HUD loans by defrauding HUD. Some of them would not necessary qualify but Well Fargo is showing them how to defraud the government and qualify. They did it before and they are still doing it.

I do not know if I am wording this right but; Wells Fargo Hispanic employees are helping Hispanics to defraud the Federal Government.

Illegal aliens and Hispanics are doing the same thing to the welfare system and healthcare system. They are applying as single parents and getting help and they have a husband or boy friend working on the side and contributing to the household. Food stamps, cash grants and Medicaid. Some are even collecting numerous times under different names and social security numbers. At the expense of the American tax payers who cannot qualify. These are the hard working law abiding illegal aliens Obama want us to give our country to.

 

[Madeline]

LilOlLady, if you have evidence of a specific case in which this is happening, I urge you to take it to the county sherriff and file a police report, then call the newspapers to alert them. If the sherriff refuses to accept your complaint, then contact an anti-illegal organization and ask them to help you find a lawyer who can file a Writ Of Mandamus, forcing the sherriff to do his duty.

In other words, any American who can prove these kinds of charges should be FORCING the law enforcement community to make arrests of all concerned. And note: a legal alien who commits a felony in the US is (generally) no longer eligible for naturalization and is subject to deportation himself.

 

[Mad Scientist]

WELLS FARGO HAS ALWAYS BEEN HELPING ILLEGALS DEFRAUD THE FEDERAL GOVERNMENT.

Fixed.

 

[LilOlLady]

Feds announce arrests in mortgage fraud crackdown[/B
Associated Press Writer Ken Ritter,
Associated Press Writer – Thu Jun 17, 7:23 pm E


LAS VEGAS – Some 500 people have been arrested in a nationwide crackdown on mortgage fraud, and federal officials pointed to Las Vegas as one of the centers of the scams that pumped up home prices until the housing market bubble finally burst.
"I heard this many times," said Scott Hunter, a Las Vegas FBI agent who has interviewed hundreds of so-called "straw buyers" lured into buying homes by unscrupulous real estate agents, brokers and loan officers. "They said, 'Don't let your good credit go to waste. You can purchase these properties. This is how you acquire wealth.'"
"What happened here was, when the party stopped and they were not able to keep inflating the prices on these houses, the whole thing collapsed."
Nevada's U.S. attorney, Daniel Bogden, counted 123 defendants charged, convicted or sentenced in the Silver State since March 1 as part of a national crackdown dubbed Operation Stolen Dreams. Bogden put losses in Nevada alone at almost $250 million.
In Washington, the Justice Department linked nearly 500 arrests nationwide to the crackdown. U.S. Attorney General Eric Holder called the push the largest collective enforcement effort aimed at confronting mortgage fraud.
Holder said 1,215 criminal defendants had been netted in cases that uncovered more than $2.3 billion in losses, and said the Justice Department also engaged in civil enforcement actions to recover more than $147 million in the operation.
FBI Director Robert Mueller called mortgage fraud "a risk to our economic stability" as a nation.
More than lending institutions were victimized, said Michael Gibson, a Los Angeles-based federal Housing and Urban Development inspector who has been investigating cases in Las Vegas.
Homeowners, taxpayers, reputable real estate industry officials and the Federal Housing Administration were also hurt, Gibson said. "They're all victims in this. Every time you have a bad loan that's FHA-insured, the federal government pays that claim amount."
Real estate analyst Rick Sharga, of Irvine, Calif.-based RealtyTrac Inc., said places with the most foreclosures today were the most fertile places for mortgage scams during the housing boom.
"The states that had the highest fallout in foreclosure and price depreciation certainly didn't have markets built on sound business practices," Sharga said. "The running gag was, you'd put a home on the market at breakfast and have three offers for twice the asking price by lunch. We're seeing the consequences of that now."
"As soon as prices stopped going up, the whole house of cards came down," he said.
Prosecutors and investigators said schemes typically involved straw buyers with good credit buying homes at an inflated price or obtaining loans greater than the cost of the home. The resulting cash was skimmed by the person controlling the scheme.
Homes were "flipped," or quickly sold at inflated prices, driving up prices of comparable or neighboring homes, said Hunter, supervisor of the Las Vegas FBI white collar crime unit.
"If you didn't lie on your loan application, and you later go into foreclosure, there's no fraud there," he said. "But if you lie about everything about the application, and you mislead a lender into believing that all the information on that document is accurate, that's what we're going after."
Foreclosures have decreased in Nevada during the last year, according Realty Trac. But the state continued to lead the nation in May, followed by Arizona, Florida, California and Michigan. One of every 66 homes in the Las Vegas area received a foreclosure filing last month.
The Justice Department said the probe announced Thursday resulted in significant criminal cases in places like Duluth, Minn.; New Jersey and Atlanta.
Officials said that in Chico, Calif., a home builder sold houses built before the market cooled in 2006 to straw buyers at inflated prices, then rebated tens of thousands of dollars to shell companies controlled by the buyers' agents. The lenders were unaware of the rebates. The Justice Department said that to date, 38 of the homes are in foreclosure.
In New Jersey, a servicing manager at U.S. Mortgage pleaded guilty in the fraudulent sale of more than $136 million in mortgage loans to Fannie Mae and other investors.
In Oregon, the U.S. attorney said the FBI had received almost 5,000 reports of fraud since the height of the housing market in 2006.
In Detroit, investigators broke up a "ghost loan" mortgage scheme in which conspirators recruited more than 108 straw buyers and obtained some 500 mortgages totaling more than $100 million.
In Minnesota, convicted mortgage fraud defendant Michael Fiorito was sentenced in April to more than 22 years in prison for conspiracy and mail fraud. Prosecutors said he led homeowners who were in or near foreclosure to refinance or sell their homes, then stole their money.
An indictment in Miami accused two defendants of targeting Haitian-Americans, with one defendant also offering help with immigration issues.
In Las Vegas, Hunter said industry insiders controlling scams didn't spend their own money, but reaped cash from homes "like ATMs."
"They took as much money out of them as they could, and when they were done, they left southern Nevada in the wreckage," the FBI agent said. "Now it's our job to hold these people accountable

 

[Angelhair]

And still we let them come, vote them into positions of power, turn the other cheek.......great! Many of these crimes will stop when 'whites' stop letting the word racsim get in the way of doing what is right.

 

[Terral]

WELLS FARGO STILL HELPING ILLEGALS DEFRAUD THE FEDERAL GOVERNMENT.

Most of Wells Fargo’s employers here in Nevada are Hispanic and they are helping illegal aliens and other Hispanics to get HUD loans by defrauding HUD. Some of them would not necessary qualify but Well Fargo is showing them how to defraud the government and qualify. They did it before and they are still doing it.

I do not know if I am wording this right but; Wells Fargo Hispanic employees are helping Hispanics to defraud the Federal Government.

Illegal aliens and Hispanics are doing the same thing to the welfare system and healthcare system ...

I hate to say it, but this is what Americans deserve for being so STUPID and allowing the Illegal Alien Invasion to get so far out of hand. The USA is turning into a banana republic where Lawlessness is par for the course.

Think about everyone running around in American calling himself and herself a 'law enforcement officer.' Then you have a Department of Homeland Security 'and' you have 20 to 30 goddamned Illegal Aliens running around doing as they please. All of this Illegal Activity could not happen if the USA really had "law enforcement officers" doing their jobs.

When they call for a donation, I just laugh and tell them to shakedown the Illegal Alien that has my job. God knows the Illegals are EVERYWHERE ...

GL,

Terral

 

[2Parties]

Anytime a government program is exploited I'm all for it. Nice job Wells Fargo.