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NEW YORK (Reuters) - A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages 
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Samuel Ray Palasota, 53, of Houston, who portrayed himself as a pastor running a religious-themed investment program has been sentenced to nearly six years in prison for fraud.
Anonymous Hades's insight:
F.Y.I.
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London-based dealers suspended as part of an investigation into the £3 trillion-a-day market
Anonymous Hades's insight:
Bust the parasites of finance, lock them up and throw away the keys.
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Salesmen” allegedly try to convince homeowners to switch services.
Anonymous Hades's insight:
F.Y.I.
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The difference between computer users who get scammed and those who don’t often comes down to a simple checklist: In just-released research, AARP identifies 15 particular behaviors, life situations...
Anonymous Hades's insight:
F.Y.I.
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Scams cost Americans more than $1.6 billion last year in more than 2 million fraud cases.
Anonymous Hades's insight:
This conversation is just beginning. Stay tuned.
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First American Bank in Chicago got publicity but little satisfaction after it identified a source of debit card theft and tried to stop it.
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Anonymous Hades's insight:
Wow. This probably won't end well. Stay tuned.
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A former first round draft choice for the New Orleans Saints learned he will spend the next 90 months in federal prison for masterminding a $2 million Ponzi scheme.
Anonymous Hades's insight:
F.Y.I.
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Money-transfer company Western Union Co is being probed by the Federal Trade Commission and a U.S. district court over fraud-induced money transfers, the company said in a regulatory
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Roughly 30 people were convicted of methamphetamine-related crimes in Knox County last year but almost all of them can still buy pseudoephedrine
Anonymous Hades's insight:
What's the point in even having a meth registry if you're not going to use it?
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Alleged mortgage fraudster found working at another home loan business My Fox Boston Their deed was stolen, conveyed to a stranger they never heard of and that stranger took out a new mortgage on their house and didn't pay that mortgage so...
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Just in time for tax season, a scheme targeting taxpayers is popping up. One South Windsor man almost fell victim to it. NBC Connecticut explains what the scammers are doing, and how to avoid their trap.
Anonymous Hades's insight:
For more information on tax scams visit IRS.gov.
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The Justice Department has repeatedly and significantly overstated its efforts to prosecute mortgage fraud, an internal watchdog said on Thursday in a report that cited the department’s “disturbing” inability to verify its information.
Anonymous Hades's insight:
It's not that banks are too big to fail. It's just that the Justice Department simply doesn't care that the banksters are making them look bad. Besides, the DOJ is gonna get paid anyway.
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JPMorgan Chase & Co. (NYSE:JPM) is involved in fresh acquisitions it was aware of a ponzi scheme and didn’t take action to stop it. (Beyond Madoff, does JPMorgan Chase have a special talent for turning a blind eye to Ponzi schemers?
Anonymous Hades's insight:
It's the same old thieves. It's just a different day, and a fresh batch of victims.
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A recent $400 million swindle against a Citibank affiliate in Mexico demonstrates the systemic challenges of finding safe lending clients in regions subject to cronyism and sudden policy shifts.
Anonymous Hades's insight:
F.Y.I.
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A new scam is costing innocent people hundreds, if not thousands of dollars. Here’s what you need to know to protect yourself. Several suppliers of electricity that service various markets in the United States recently more than doubled their rates without any warning to customers. Some of the firms involved apparently [...]
Anonymous Hades's insight:
F.Y.I.
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Two Romanians were suspected of trying to steal the card numbers and PINs of customers at a Chase branch on the northern edge of Park Slope.
Anonymous Hades's insight:
Got an ATM card? If so, your favorite machine may now be a target for fraud. Good luck.
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NEW HAVEN, Connecticut (Reuters) - A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis.
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Two other men were also identified by police as suspects in the case and were advised to turn themselves in.
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Redmond plans to notify XP users about the April 8 end of support date using a tried and true method that we're all quite familiar with. Learn more about what Microsoft's plans are here.
Anonymous Hades's insight:
F.Y.I.
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We don't know what is true here or what may be a result of a friendship turned sour... but according to Radar Online, a book was written that accused "Real Housewives Of Atlanta" star Phaedra Parks...
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Twenty-eight more people have been indicted as part of the Manhattan district attorney’s investigation into an extensive scheme to defraud Social Security disability insurance, law enforcement officials said.
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Just when a family thought they had a place to call their own home for the first time, they realized it was a scam.
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Sandy Fonzo of Wilkes-Barre screams at former Judge Mark Ciavarella saying that he was responsible for her son's suicide on the steps of the federal courthouse in Scranton in 2011.
Anonymous Hades's insight:
This is one of the most heinous examples of craven cruelty by a judge in the history of juvenile law. Any judge who profits from the detention of the kids can only be considered worthless to the parents whose families are torn apart, and to the children whose lives are ruined.
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Question: Why aren't the backstabbing cheats at Bank of America behind bars yet?!