8 accused of loan scheme

8 accused of loan scheme

There are 21 comments on the Baltimore Sun story from Jun 13, 2008, titled 8 accused of loan scheme. In it, Baltimore Sun reports that:

Federal prosecutors accused eight people yesterday of bilking homeowners and banks of more than $35 million in a complicated mortgage fraud scheme involving phony loans and home purchases.

Join the discussion below, or Read more at Baltimore Sun.

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not in the least confused

Washington, DC

#1 Jun 13, 2008
When are they going to procecute the thieving politicians that allowed this to happen?
Roger Wilson

Hudsonville, MI

#2 Jun 13, 2008
String 'em up! This kind of crap gives everyone in the industry a bad name. People need to learn how to protect themselves. There are some great books available from authors like Ralph Roberts or Chip Cummings such as "Mortgage Myths" and "Protecting Yourself From Foreclosure" and "Foreclosure Self-Defense" that, for $20 could have saved them thousands.
PunkinDrublic

Baltimore, MD

#3 Jun 13, 2008
I think Maryland law only allows a 15 day window from the notification of foreclosure for the homeowner to save the home. This company preyed upon homeowners having to make very quick impulse decisions, and capitalized on it.

Brilliant scheme.

Also, 450 years maximum sentence (30 x 15). I bet they serve less than 8.
Scott from Middle River

Glen Burnie, MD

#4 Jun 13, 2008
not in the least confused wrote:
When are they going to procecute the thieving politicians that allowed this to happen?
Typical lib response.
Prospect Expert

Hyattsville, MD

#5 Jun 13, 2008
Scott from Middle River wrote:
<quoted text>
Typical lib response.
Bush and Cheney are going to be rotting in jail for a long, long time.

Get used to it.
Scott from Middle River

Glen Burnie, MD

#6 Jun 19, 2008
Prospect Expert wrote:
<quoted text>
Bush and Cheney are going to be rotting in jail for a long, long time.
Get used to it.
and another!
DAS

United States

#7 Jun 19, 2008
Scott from Middle River wrote:
<quoted text>
and another!
And yor a CHICKENHAWK BUSHITE
Harford6732Reade r

AOL

#9 Jun 19, 2008
Scott from Middle River you sound so smug, but it was on President GW Bush's watch that all of this happened. And we all know where the buck stops. I don't like either party, and am seriously considering writing in for Ron Paul. He's the only one that talks some sense, and I've heard it said that he's a kook. So what's an independent thinker to do?
Scott from Middle River

Glen Burnie, MD

#10 Jun 23, 2008
Harford6732Reader wrote:
Scott from Middle River you sound so smug, but it was on President GW Bush's watch that all of this happened. And we all know where the buck stops. I don't like either party, and am seriously considering writing in for Ron Paul. He's the only one that talks some sense, and I've heard it said that he's a kook. So what's an independent thinker to do?
So calling a spade, a spade makes me "smug".

OK, guilty as charged.
LAST THROES

West Palm Beach, FL

#11 Jun 23, 2008
Scott from Middle River wrote:
<quoted text>
Typical lib response.
Typical neo-CON response. What planet are you clowns from?
Surry with a fringe

Atlanta, GA

#12 Jun 23, 2008
This all happened under a democratically controlled congress so blame has to spread around. We always blame the party in charge and always say, "wait until we're in control, we'll change things". Well, its been 2 years and I'm still waiting, while the economy is in the crapper, the dollar is weak, illegals are coming in by the busload, and on top of that, I understand that our democratically controlled congress is voting to allow illegals access to our social security fund. Ya gotta love Pelosi in her Armani suits opening up our pocketbooks to give to the illegals.
Albert

Norfolk, VA

#13 Jun 23, 2008
Surry with a fringe wrote:
This all happened under a democratically controlled congress so blame has to spread around. We always blame the party in charge and always say, "wait until we're in control, we'll change things". Well, its been 2 years and I'm still waiting, while the economy is in the crapper, the dollar is weak, illegals are coming in by the busload, and on top of that, I understand that our democratically controlled congress is voting to allow illegals access to our social security fund. Ya gotta love Pelosi in her Armani suits opening up our pocketbooks to give to the illegals.
There had not been any bill or resolution inspired by Pelosi the house chair signed into Law over the last 5 Years, so how is she given credit or blame for initiatives?

The Republicans deregulated the mortgage and banking industry 5 years ( the 107th Congress) before the democrates took over congress in 2006. During the last two years of the 110th Congress all there was agreed upon were resolutions involving Congressional Ethics and Wiretapping. Generally this dealt with the perverte allegations of a couple of Congress Members such as the Airport incident.

Had any of you people taken civics class in High School? Do any of you, Republicans or Democrates actually know how laws are created and the process for passing such in Washington.

I believe a good number of individuals are from Canada and Mexico posting on American issues within this post. If not, america is in serious trouble when it's citizens don't know the process of it's government.
No Obama No Problem

Miami, FL

#14 Jun 23, 2008
LAST THROES wrote:
<quoted text>
Typical neo-CON response. What planet are you clowns from?
The planet where God is king,and service, honesty, true love and purity are still important. Now go dance in you democratic gay parade or don't, your words are without value as are Obamas.
LAST THROES

West Palm Beach, FL

#15 Jun 23, 2008
No Obama No Problem wrote:
<quoted text>
The planet where God is king,and service, honesty, true love and purity are still important. Now go dance in you democratic gay parade or don't, your words are without value as are Obamas.
Your descripition of utopia is sweet but if you support gw bush and his criminal and corrupt administration them I would have to say the planet you are from is.......URANUS!
really

United States

#16 Jun 23, 2008
Hey HG LOOK BLACK COLLAR CRIMINALS LOL
American Defender

United States

#17 Jun 23, 2008
Prospect Expert wrote:
<quoted text>
Bush and Cheney are going to be rotting in jail for a long, long time.
Get used to it.
Your'e a fool. Have some more Kool Aid.
No Obama No Problem

Miami, FL

#18 Jun 23, 2008
LAST THROES wrote:
<quoted text>
Your descripition of utopia is sweet but if you support gw bush and his criminal and corrupt administration them I would have to say the planet you are from is.......URANUS!
You are a disgraceful as the last Democratic president was. Mean while millions of preteens are destroying their purity and Americas future because he taught them by example that what he did was not sex.
Are you kidding me

Hampton, VA

#19 Jun 23, 2008
They don't dress very well for people who stole $35,000,000.
Are you kidding me

Hampton, VA

#20 Jun 23, 2008
No Obama No Problem wrote:
<quoted text>
You are a disgraceful as the last Democratic president was. Mean while millions of preteens are destroying their purity and Americas future because he taught them by example that what he did was not sex.
Hate to break the bad news to you but millions of preteens have been destroying their purity for thousands of years without the help of Bill Clinton and his warped interpretation of sex. What planet do you live on?

Frankly, in my experience the freakiest kids out there are the church kids. They fancy themselves "technical virgins" while putting it everywhere but the intendend place. This has been the case for a very long time and has nothing to do with Bill Clinton and everything to do with hormones and a twisted belief by ignorant parents that if they have their kids in church they'll be "good" little boys and girls and save their purity until marriage so they don't have to supervise them because Jesus is supposedly watching them and that will keep them in check. Some of the biggest whores (male and female) at your local high school are the church kids.
LAST THROES

West Palm Beach, FL

#21 Jun 24, 2008
No Obama No Problem wrote:
<quoted text>
You are a disgraceful as the last Democratic president was. Mean while millions of preteens are destroying their purity and Americas future because he taught them by example that what he did was not sex.
Will you let it go already!

Clinton was a buffoon but give me a break. Have you not witnessed the destruction that gw bush has unleashed upon this Nation and parts of the World?

And now I am starting to believe that he is making things more miserable on purpose. He is punishing the 75% of the population who thinks he is the worst ever and making sure his 25% of followers are rewarded for their lapdog loyalty.

The last few months of this nightmare will see an escalation of making sure that the cupboards will be bare when he is mercifully shown the door.

Unless he makes good on his next attack, then he will declare Martial Law and all bets are off.

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