Equity release sector is in deep trouble’ What it said was alarming enough, however: it said that the sector is already in deep trouble because of hidden losses due to under-valued No-Negative Equity Guarantees (NNEGs). It also presented the results of some stress tests that suggested that firms’ losses could be considerably greater in the event of a major house price fall.
Bob Morgan’s son and nephew among 4 accused of multimillion dollar fraud scheme. kevin and Todd Morgan of Morgan Communities are accused of trying to defraud financial institutions in New York and.
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ROCHESTER, N.Y. (WROC-TV) – One week after the FBI raided the offices of Morgan Management, Todd and Kevin Morgan and two business associates have been indicted on 62-counts of fraud. U.S. Attorney James P. Kennedy, Jr. announced that a federal grand jury has returned a 62-count indictment charging Kevin Morgan, 42, of Pittsford, Todd Morgan, [.]
BUFFALO, N.Y. (WIVB) – Four people from the Buffalo and Rochester areas have been indicted by a federal grand jury in a multimillion dollar mortgage fraud scheme. The defendants, who were each.
Owner of Two Recycling Businesses Arrested in Multi-Million Dollar Fraud scheme involving landfilling and Re-Selling of Potentially Hazardous Electronic Waste. CHICAGO – The owner of two recycling businesses was arrested today for allegedly operating a multi-million dollar fraud scheme.
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The charges against Robert Morgan are the latest chapter in a. Rochester developer Robert C. Morgan, center, arrives at Robert H.. But federal prosecutors said he did so with the help of nearly $500 million in fraudulent bank loans.. Commission lawsuit that likens the conspiracy to a Ponzi scheme.
Seven Defendants Arrested For Multimillion-Dollar Tax fraud scheme involving purchase Of Children’S Identities From Corrupt New York City Employee.. In addition to accepting cash in return for assisting other taxpayers to file fraudulent returns, RICARDO, ARISMENDY CUELLO, ORBE, RICART, and.
The former chief operating officer of Morgan Management pleaded guilty in a multi-million dollar fraud case on Monday. Scott Cresswell pleaded guilty to conspiracy to commit wire fraud on Monday. In court, he implicated the head of the company, rochester developer bob Morgan, in the scheme, according to the U.S. Attorney’s Office.
Bob Kane. was followed by a further development, as Lee filed a lawsuit accusing Jerry Olivarez – another of the “bad actors” named in the disputed declaration from February – of numerous charges,
Buffalo, N.Y. (WHAM) – New developments unfolded Wednesday morning in relation to the four men indicted in a multi-million dollar mortgage fraud scheme.Two of the four men accused are the son and.