Before their convictions were overturned, Ahuja was sentenced to more than four years in prison and Shor, almost 3 1/2.
FHFA did not succeed to the interests of Freddie Mac until Sept. 2008, so it acquired no interest in Freddie Mac’s NovaStar bonds until then.
U.S. Magistrate Judge Stewart Aaron of Manhattan had awarded $19,350 — or $750 per hour — after concluding $1,600 per hour was a windfall.
Lehman Brothers bankruptcy is the largest in U.S. history. It invested heavily in predatory mortgages just as housing prices started falling.
Ahmed Zayat of Zayat Stables, which owned 2015 Triple Crown winner American Pharoah faces residential foreclosure in 2022.
Plaintiff claims HSBC Bank failed as trustee for about $2 billion worth of residential mortgage-backed securities trusts (RMBS).
Goldman Sachs is running out of cards to play before it has to explain to a jury its role in the 2008 and 2009 financial crisis.
Giuffre has initiated this baseless lawsuit against Prince Andrew to achieve another payday at his expense claims the Prince’s lawyer.
U.S. prosecutors decided to end their criminal case against two Manhattan jail guards who admitted to falsifying records.
The real victims, the people who owned residential homes before the financial crisis of 2008 have never been financially compensated.