Today a federal jury in the Central District of California unanimously found JM Eagle liable for defrauding the United States and several individual states. The trial was the first step in the culmination of seven years of contentious litigation.

The Associated Press DALLAS – A Dallas federal jury has found a Colleyville man guilty of defrauding investors of nearly $4 million by selling them stakes in wind farms that were nothing but hot air.. The Dallas Morning News reports 62-year-old Dave Spaulding was convicted Wednesday on two counts of wire fraud and one count of mail fraud.

Fixed-mortgage rates reverse course, drop NEW YORK – Federal Reserve Bank of St. Louis President james bullard reiterated wednesday that the pressure has come off the central bank to raise rates. Given that Fed policy is driven by incoming.

After a monthlong trial, a jury decided last fall that Countrywide and one of its former executives, Rebecca Mairone, were liable for selling thousands of bad loans to Fannie Mae and Freddie Mac, the.

Treasury report advocates slashing GSE jumbo loan ceiling $1.9 Trillion In Renovations To The GSE-Bloated US Debt Ceiling On Deck. by Tyler Durden.. According to Treasury estimates, the current debt ceiling is expected to be reached soon. The federal budget deficit in fiscal 2009 was .4 trillion and, through the first two months of this year, is on course to be even higher.. How to report.

 · After a monthlong trial, a jury decided last fall that Countrywide and one of its former executives, Rebecca Mairone, were liable for selling thousands of.

Jury Finds Bank Of America Liable For Mortgages Fraud A jury has found Bank of America liable for fraud for shoddy mortgages sold by its Countrywide unit. The rare win by the government in a jury.

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Jury finds man guilty for defrauding cattle producers out of thousands. Keith Hagen, 49, was found guilty of several counts of fraud. He and his former wife, Amanda Holy Bull, were indicted on Feb.

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Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the.

A federal jury has spoken, holding Bank of America (BAC) – and more specifically the Countrywide unit it took over – liable for defrauding Fannie Mae and Freddie Mac in the sale of toxic home.

A federal jury has found Bank of America (and a current JPMorgan executive) liable for a Countrywide Financial program that knowingly sold piles of cruddy home loans to Fannie Mae and Freddie Mac.

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A federal jury ruled Wednesday that Countrywide Financial, now owned by Bank of America, defrauded government-backed firms Fannie Mae and Freddie Mac by selling them defective mortgages ahead of the financial crisis. A former Countrywide executive, Rebecca Mairone, was also found liable in the case.