…And off in the distance as they escorted him away in handcuffs he mumbled, “Fannie made me do it” but no one cared, wrote the author of the new screenplay by the same name. [somewhat fiction, maybe]
While the Big Banks continue to fabricate notes, robosign documents and create fake assignments in order to illegally foreclose, the Federal government continues to focus on the small fish.
A Georgia real estate investor pleaded guilty today for his role in a bid-rigging conspiracy and fraud scheme related to public real estate foreclosure auctions in Gwinnett County, Georgia, the Department of Justice announced today.
Clifford Wayne Hill pleaded guilty to bid rigging and fraud in the U.S. District Court for the Northern District of Georgia. On Feb. 3, 2016, a federal grand jury in the Northern District of Georgia returned an indictment against the defendant.
According to the indictment, from December 2007 to March 2012, Hill and his co-conspirators agreed not to compete for the purchase of selected foreclosed homes so that they could win the auctions for those homes with artificially low bids. Hill made and received payoffs for…
View original post 138 more words
Deadly Clear 
If there wasn’t a life-altering risk associated with bid rigging and fraud, I believe that there would be more bid rigging and fraud.