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Nevada AG RoboSigning Indictments

Posted By Barry Ritholtz On November 17, 2011 @ 11:00 am In Foreclosures,Legal,Think Tank | Comments Disabled

Below are the first criminal charges brought in the foreclosure fraud scandal. Every state Attorney General will take note of what Nevada AG Catherine Cortez Masto just did.

We’ve read the indictment, and those 606 charges are no joke. Just open it up to any page and you’ll see what was going on. A likely probability is that Nevada AG Masto is starting by going after mid-level employees, with the intent to flip up the chain.

According to the WSJ, the charges were brought against Lender Processing Services employees. As Yves Smith explains, LPS handled much of the foreclosure mill network used by the big banks.

WSJ: “Nevada Grand Jury Indicts Two in Alleged Robo-Signing Scheme [1]

Office of the Attorney General Announces Indictment in Massive Clark County Robo-signing Scheme [2]

Indictment (First Page)


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/11/nevada-ag-robosigning-indictments/

URLs in this post:

[1] Nevada Grand Jury Indicts Two in Alleged Robo-Signing Scheme: http://online.wsj.com/article/SB10001424052970203699404577042961074968218.html

[2] Office of the Attorney General Announces Indictment in Massive Clark County Robo-signing Scheme: http://www.scribd.com/doc/73025446/Office-of-the-Attorney-General-Announces-Indictment-in-Massive-Clark-County-Robo-signing-Scheme

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