The audio provides the background. The right cross comes exactly at the 41-second mark.
Updated on Jul 1, 2011 at 1:31 PM by DailyBail
Exhibit A: $1.9 Billion in Mortgage Fraud; Exhibit B: Orange Jumpsuit
Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., was sentenced by a federal judge to 30 years in prison for his part in a multibillion dollar mortgage fraud scheme, The Wall Street Journal reported Thursday in its online edition. Farkas was convicted in April of misappropriating about $3 billion from banks like Colonial Bank of Montgomery, Ala.; trying to bilk the government's Troubled Asset Relief Program out of $550 million; and pocketing $40 million.
What's interesting about this case is the role that Fannie Mae played in creating this fraud by overlooking Farkas' crimes, as Bloomberg reported yesterday.
Full story inside.
Bank Of America Forecloses On Wrong House: Dylan Ratigan With 82 Year-Old Tampa Man Who Returned From Vacation To Find Everything Gone
Video - June 29, 2011
Fraudclosure victim Benito Santiago, Sr., and lawyer Scott Murphy join The Dylan Ratigan Show to discuss the incident in which Santiago lost $100k to wrongful foreclosure.
We understand if you're confusing this with another recent story, as Bank of America is a serial offender of foreclosure fraud. Here's the story from a few weeks ago that garnered huge media coverage nationwide:
- BofA Forecloses On Home That Never Had A Mortgage, Owners Sue And Win Judgement, BofA Doesn't Pay So Couple Forecloses On Bank Of America
Nothing huge but still not something one sees very often. Perhaps he was mistaken for Tim Geithner who is rumored to be leaving Team Obama for Goldman Sachs.
A man in a crowd grabbed French President Nicolas Sarkozy by the shoulder and nearly knocked him to the ground before being tackled by security officers and detained. The incident occurred as the president shook hands with a crowd in the town of Brax in southwest France. The man was not armed, according to the national police service. An official with the service said the 32-year-old Frenchman lives in the Lot-et-Garonne region.
BUSTED: SEC's Top Lawyer Sued By Madoff Trustee In Clawback Suit For Family's Ill-Gotten Ponzi Gains
There is no mention of impropriety in Picard's suit, but it raises conflict of interest questions related to the SEC's failure to prosecute Madoff, despite dozens of tips over decades and multiple (9) investigations, including Harry Markopolos famous report which spelled out 'ponzi fraud' in giant Technicolor candles on a birthday cake with Madoff's face on it.