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Three face decades in prison for multimillion-dollar modification fraud

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Mortgage Professional America | 15 Jun 2015, 07:00 AM Agree 0
Three Californians could potentially spend the rest of their lives in prison for their roles in a modification fraud scheme that claimed more than 4,000 victims
  • Dave in Chico | | 15 Jun 2015, 10:15 AM Agree 0
    Good. They deserve the maximum penalty, along with a whole raft of others who'll never get touched.
  • Ken M | | 15 Jun 2015, 11:44 AM Agree 0
    Glad to see this sort of thing finally catching up too the "smaller" criminal. NOW, let's see if OUR criminal justice system will finally set their sights on the major violators that crippled our economy. The cronyism on Wall Street. Nearly a decade and no prison time for anyone???!!! Really!?
  • Natzarim Smith | | 15 Jun 2015, 04:46 PM Agree 0
    Natzarim Smith, Consumer Advocate

    These clowns took a honorable endeavor to help others, and turned into a criminal enterprise, that by all conventional wisdom all along had a pre-determined outcome, caught in the cookie jar to the demise of others.
  • Francine | | 15 Jun 2015, 04:47 PM Agree 0
    Nearly a decade and lots of "guilty" admissions. Fines by the billions - but not one CEO has missed a bonus or served a single day in the slammer. Cronyism? No - this goes way beyond that - it's massive corruption. These guys make the Mafia look like choir boys!
  • | | 15 Jun 2015, 06:15 PM Agree 0
    There have been so many scams exposed but it seems no one gets sentenced accordingly. Spending tax payer dollars and not recovering stolen monies as well as not hard jail time just doesn't make sense. Send them away with restitution Isn't this what laws are supposed to do. ?????
  • SoCal resident | | 17 Jun 2015, 09:14 AM Agree 0
    They definitely deserve time in prison for their crimes but considering they would never have the power to do anything like this again, why do we want to spend tax payer money to have them locked up for life? 15-20 years will do them justice.
  • so cal 38 year mtg brkr | | 25 Jun 2015, 10:19 AM Agree 0
    No bankers have spent a second behind bars and they that created this mess ,robo signing they were falsifying and recording false documents and the courts let em get away with it .
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