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U.S. charges over 400 defendants in mortgage-fraud schemes

WASHINGTON (MarketWatch) — The Justice Department and the FBI charged more than 400 defendants on Thursday for their roles in mortgage-fraud schemes carried out nationwide since March. The law enforcement agencies said the schemes resulted in about $1 billion in losses. The announcement comes at the same time the Justice Department indicted two former Bear Stearns hedge fund managers on mortgage-related charges.
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Original post by Forextvblog

This entry was posted on Thursday, June 19th, 2008 at 10:33 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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