Robo-Signing Forgery Charge Hits First Top Executive In Financial Crisis

[Tx4obama]

For the first time since the start of the financial crisis, a senior executive has been indicted on criminal charges and faces jail. The forgery charges against a mortgage processing executive come as the nation's largest banks attempt to close the books on a civil investigation into widespread document fraud and could spark further federal criminal cases.

A grand jury in Missouri handed up the 136-count indictment late last week charging Georgia-based DocX -- a subsidiary of the massive mortgage processor Lender Processing Services -- and its founder and former president Lorraine O. Brown, with forgery. The indictment alleges that DocX employees fabricated signatures on hundreds of real estate documents, some used in foreclosures.

"This is the first time any grand jury in the country has indicted a corporation or a high-level executive at a corporation for 'robo-signing,'" Missouri Attorney General Chris Koster told The Huffington Post. "The grand jury is alleging that the documents have false signatures on them, that the notarizations are fraudulent and that it was all done with an intent to deceive. If that’s true, it makes the (foreclosure) documents forgeries."

SNIP

Full article here: http://www.huffingtonpost.com/2012/02/07/robo-signing-docx-missouri_n_1261369.html

[Kolesar]

1. The Florida Attorney General had been covering for those criminals at LPS/DocX

LPS was in Jacksonville, FLA and the management had influence. Saw it on www.60minutes.com

[dixiegrrrrl]

2. The Fla AG just now joined the settlement suit.

More US states to join foreclosure-abuse deal

WASHINGTON—Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages.

The three states' involvement buoys hopes that a full 50-state deal is imminent.

Formal announcements from Arizona and Florida could come within a week, according to the officials, who spoke on condition of anonymity because they weren't authorized to discuss the settlement publicly.

http://www.boston.com/news/local/massachusetts/articles/2012/02/07/more_us_states_to_join_foreclosure_abuse_deal/

Of course that "deal" will benefit banks, and cover up crimes.

[kenfrequed]

3. Why?

Why would these states bother signing onto this deal? Don't they know they are only hurting themsleves? It is insanity or corruption.

[dixiegrrrrl]

4. Corruption.

I think the states that held out have Dem AGs????

[kenfrequed]

5. That would make sense.

There really is no benefit to the taxpayer to making a deal with these banks.

[Kolesar]

6. AGs who didn't get washed out in the Teabagger fluke of 2010

I heard that only 80 million Americans voted
In 2008, 130 million Americans voted.
GOP happens.

[Lebam in LA]

7. Good

Let's hope it is the 1st of many more to come.