Bookkeeper sentenced for failing to report $24M mortgage fraud

justiceleague00's avatarJustice League

Yet, no jail time for the banksters….

A bookkeeper who failed to report mortgage fraud was sentenced to two years’ probation, with six months to be served on home confinement, for his conviction for concealing massive financial institution fraud.

Ignacio Huergo was also ordered to pay restitution in the amount of $736,254.25 to M&T Bank.

Assistant U.S. Attorney Trini Ross, who is handling the case, stated that Huergo worked for the companies of Frank Garcia, Federal Guaranty Mortgage CompanyandGuaranty Realty and Investment as a bookkeeper and tax preparer between 2006 and 2008.

Read on.

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Countless Consumers Are Paying Off Someone Else’s Debt Because Of Default Judgments

This stems from the software patents – software developed before there were enough safeguards in place to protect the consumer…and certainly without any thought of privacy laws.

Were you asked if you wanted to share your personal information? Were you told it would be in an archaic cloud (years before the “cloud” became so popular). The simple answer is NO – you were never advised or told that the information was going into a “data storage” tank accessible to thousands of other people everyday! See the 1003 loan application for example: https://deadlyclear.wordpress.com/2012/04/18/behind-the-securitization-curtain-21st-century-mortgage-casino/