Wednesday, June 1, 2011
Deutsche Bank Goes After Whistleblower’s Son | FAIR
Deutsche Bank Goes After Whistleblower’s Son FAIR: "Her investigation ultimately uncovered the industry-wide practice of robo-signing: employees at document processing companies (also known as signature sweatshops) pretend to be executives at major banks, like Bank of America and Wells Fargo, to sign off on hundreds of thousands of foreclosure affidavits. According to Szymoniak's calculations, 'Linda Green' appeared as an officer of at least 20 different banks and mortgage companies, accounting for almost $128 billion in mortgages. Szymoniak's work helped blow the 'robo-signing' scandal wide open and illuminated the fraud plaguing the foreclosure system. Since then a variety of other illegal practices have come to light and untold thousands of consumers have been affected, generating investigations by 50 state attorneys general, U.S. Justice Department officials and regulatory agencies. Yet so far, no one has been thrown behind bars."?
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