NYC bank indicted on mortgage fraud charges - BusinessWeek

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG_qNEqHYlEimjGK8VdYg WlMd_FfQamp;url=http://www.theglobeandmail.com/report-on-business/international-news/us/abacus-bank-charged-with-mortgage-fraud/article2448665/img src=//nt0.ggpht.com/news/tbn/wAmzlDPG-Ae43M/0.jpg alt= border=1 width=80 height=45 /br /font size=-2Globe and Mail/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGnK76TsQC_xeMjlSepcu 9NWDpPygamp;url=http://www.businessweek.com/ap/2012-05/D9V3RV1O0.htmbNYC bank indicted on mortgage bfraud/b charges/b/abr /font size=-1bfont color=#6f6f6fBusinessWeek/font/b/fontbr /font size=-1Abacus Federal Savings Bank was hit with mortgage bfraud/b, grand larceny and other charges in what Manhattan District Attorney Cyrus R. Vance Jr. called quot;a systematic scheme to falsify and fabricate mortgage applicationsquot; so that unqualified borrowers b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNF9YWIp6o9qSsEsR3A49f fbZoeWdwamp;url=http://www.bloomberg.com/news/2012-05-31/abacus-bank-19-individuals-charged-in-fannie-mae-mortgage-fraud.htmlAbacus Bank, 19 People Charged in Fannie Mae Loan bFraud/b/afont size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEGQWYGfOY8i71B5djY7d AMngn9mQamp;url=http://www.reuters.com/article/2012/05/31/abacus-mortgage-fraud-idUSL1E8GV89520120531Abacus Federal Savings Bank indicted for mortgage bfraud/b/afont size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG_qNEqHYlEimjGK8VdYg WlMd_FfQamp;url=http://www.theglobeandmail.com/report-on-business/international-news/us/abacus-bank-charged-with-mortgage-fraud/article2448665/Abacus bank charged with mortgage bfraud/b/afont size=-1 color=#6f6f6fnobrGlobe and Mail/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dPN_BZ84duamKjMWsLJy iC5Pn-NTMnobrball 158 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

More... (http://news.google.com/news/url?sa=tfd=Rusg=AFQjCNGnK76TsQC_xeMjlSepcu9NWDpPyg url=http://www.businessweek.com/ap/2012-05/D9V3RV1O0.htm)