Published by THE RECORDER, Essential California Legal Content
Chavez v. Indymac Mortgage Services [C.A. 4thD061997]
Click here for the full decision
“We conclude the homeowner sufficiently alleged equitable estoppel to preclude the lender’s reliance on the statute of frauds defense.
We also conclude that the homeowner sufficiently alleged a cause of action for wrongful foreclosure.” Continue reading
TruthDig posted the latest Ellen Brown, Web of Debt examination of the financial market.
The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives
Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows: Continue reading
Bradley Birkenfeld, the former UBS banker credited with helping break open Uncle Sam’s investigation into secret untaxed Swiss accounts, is about to be $104 million richer.
The Internal Revenue Service has recommended that Birkenfeld receive that impressive amount after he has now served around two and a half years in federal prison for a fraud conspiracy conviction related to the case.
It’s the largest whistleblower amount ever awarded by the IRS.
Birkenfeld’s insider info helped the IRS collect more than $5 billion in unpaid taxes from foreign banks and nearly 15,000 individuals who used their services to avoid paying U.S. taxes, as well as was a motivator in the Swiss government decision to change its tax treaty with the United States and turn over the names of more than 4,900 U.S. taxpayers who held illegal offshore accounts.
In addition, since the UBS investigation began, more than 35,000 taxpayers have…
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Deadly Clear 