Former TierOne President James Laphen on Monday pleaded guilty to mail and wire fraud. In September TierOne’s former chief credit officer, Don Langford, pleaded guilty to similar charges. Regulators took over TierOne in 2010, saying the bank had too many bad loans on its books and lacked sufficient capital to cushion losses.
Impac Mortgage Holdings to sell AmeriHome Mortgage Corp. IRVINE, Calif.–(BUSINESS WIRE)–impac mortgage holdings, Inc. (NYSE Amex: IMH), a Maryland corporation, or the "Company," reports third quarter 2010 net earnings of $974 thousand, or $0.12.
Ten years after the beginning of the 2007-2008 financial crisis and seven. Alan Blinder, former vice chairman of the Federal Reserve board of. It is eminently sensible to require an increase in oversight as banks get bigger and. he stated at a White House meeting with Wall Street CEOs, “We expect to.
The 11. years in prison for tax evasion and weapons. Both McFarland and Ja Rule are listed as Fyre Media founders, while McFarland is also CEO. Insofar as charging MacFarland with a federal crime,
Former bank CEO gets 11 years in prison for fraud. Gilbert Lundstrom, 74, was the CEO of TierOne Bank, a $3 billion publicly traded company. In November, Lundstrom was convicted of 12 counts out of 13 charged, including conspiracy to commit wire fraud and securities fraud, conspiracy to falsify bank entries, wire fraud,
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Before he got 11 years in federal. former TierOne employees hugged and said they’re glad Lundstrom got prison time and would have liked to see him get even more. "We don’t buy that he cared about.
LINCOLN, Neb. (AP) – A former Nebraska bank executive convicted of fraud has been sentenced to federal prison. A federal judge Wednesday sentenced former TierOne Bank CEO Gilbert Lundstrom to 11 years in prison. Lundstrom was also fined $1.2 million and will be required to pay restitution. A jury found the 74-year-old Lundstrom guilty in November of 12 counts related to the 2010 failure of the bank.
More MLSs give Zillow direct home listings Zillow Group nixes manual listing entry for real estate agents, doubles down on direct listing feeds Change will put pressure on more MLSs and brokers to provide listing feeds to Zillow Group by.
Key news articles on the dirty fight over the anti-GMO Prop. 37, canceling of exit polls in 19 US states, the taking of almost all income growth by the top 1%, and more
gets underway with jury selection Monday. Zarrab, 34, is accused of orchestrating a years-long scheme to violate U.S. sanctions against Iran by concealing bank. Prisons website listed him as having.