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Finally, the Feds take down a Big Fish

By MarkInSF   Follow   Sat, 26 Mar 2011, 10:50am   644 views   1 comment
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On Valentine’s Day, the elder Mr. Engle said, his son had entered a minimum-security prison in Beaver, W.Va., to begin serving a 21-month sentence for mortgage fraud....Supposedly, he lied on two liar loans.....

...Even when he emerges from prison, though, his ordeal will not be over. As part of his sentence, Mr. Engle was ordered to pay $262,500 in restitution to the owner of his mortgages. And what institution might that be? You guessed it: Countrywide, now owned by Bank of America.

Angelo Mozilo ought to get a good chuckle out of that one.

http://www.nytimes.com/2011/03/26/business/26nocera.html?pagewanted=1&_r=1

I finally feel like justice has been served!!

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1. YesYNot Follow Befriend (2) 15 threads 430 comments Reston, VA

   1   12:28pm Sat 26 Mar 2011   Share   Quote   Permalink   Like   Dislike (1)   That is a truly bizarre federal response to this issue. Hopefully, some lawyer will help Engle sue BOA.