Former TierOne Bank CEO gets 11 years in federal prison

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,

Is the FHA about to cut mortgage insurance premiums again? The reduction, which would cut annual mortgage insurance premiums on most FHA loans by a quarter of a percent, was announced last week by the U.S. Department of Housing and Urban Development. The.

Former TierOne Bank chief executive officer Gilbert Lundstrom was sentenced Wednesday to 132 days in federal prison for orchestrating a scheme to defraud TierOne’s shareholders and to mislead regulators by concealing more than $100 million in losses on loans and declining real estate values, according to the U.S. Department of Justice.

First National expands into mortgages as others walk away When Not to Walk Away From a Mortgage. By Jennifer Saranow Schultz. "it probably does not make financial sense to default on your mortgage" and walk away under these circumstances:. than the cost of renting. In other words, the net cost of owning your home (your monthly mortgage.

The first person convicted of trying to defraud the federal bailout program started amid the financial crisis was sentenced to 2 1/2 years in prison for lying to regulators and embezzling bank funds..

It’s about time. ERIK PRINCE, founder of the now-defunct mercenary firm Blackwater and current chairman of Frontier Services Group, is under investigation by the U.S. Department of Justice and other federal agencies for attempting to broker military services to foreign governments and possible money laundering, according to multiple sources with knowledge of the case.

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,

CFPB leader not backing down on lending discrimination cases Senate votes to kill consumer bureau auto-lending restrictions – Manchin said he didn’t see evidence in his state of a problem with discrimination by auto dealers. “I have a great relationship with all the car dealers back in the. In the case of the CFPB, they.

Former State Rep. Walter Ronnie "Ron" Sailor Jr. of Norcross, Ga., was sentenced Tuesday to federal prison for secretly taking out a $250,000 loan using as collateral property belonging to the church.

Former TierOne Bank chief executive officer Gilbert Lundstrom was sentenced Wednesday to 132 days in federal prison for for orchestrating a scheme to defraud TierOne’s shareholders and to.

NAR to Congress: Turn Fannie and Freddie into Non-Profits Congress. Fannie and Freddie in any way. Thus, concentration in the mortgage business and mortgage credit risk bearing continues and grows. Indeed, some people are now calling for Fannie and.

Former TierOne Bank President James Laphen was sentenced Thursday to 34 months in prison, a day after his former boss got 11 years for the fraud that sank what was Lincoln’s largest bank.

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"They’re more afraid of Blankenship’s money than they are the [National Rifle Association]," said former. spent a year in federal prison for violating mine safety laws. In all, 54 coal miners died.