Anonymous said...
They guy was making millions on legit closing. Huge company. Ask yourself why he would risk it all on these 13 loans for minimal gain. The truth is he had no idea who these guys were and had dirt bags working for him. The dirt bags should go to jail and his company should pay back all loans plus penalties.Fair enough. I believe the commenter must be referring to attorney Steven Stoll in this instance. The reader brings up a good point, if indeed the attorneys firm was HUGE, why did he knowingly participate in these 13 or so allegedly fraudulent transactions and risk his entire career and practice? Is it entirely possible that the attorney really had no idea what was going on? Anything is possible, we'll have to sift through the paperwork as it becomes available and make a determination.
Here's another comment regarding the attorneys involved in the Plantation cops indictiment...
Anonymous said...
You should keep your eye on the Plantation Cops case. I heard that one of the attorneys who "enriched" himself had to have the court appoint an attorney for him. The taxpayers will pay for the defense of a person who should never have been there in the first place.Oh well. So much for the "making millions" part. You have to hope that the prosecutors that filed the charges against the cops and attorneys did so after diligently researching all the evidence that was before them considering the effect their indictment has had on the people they charged and their families. Serious business folks, not to be taken lightly, federal indictments are no laughing matter.
One more reader comment for today regarding the Plantation cops fraud...
Anonymous said...
Very simple case. The cops and others bought homes fixed them up and sold them. The cops submitted real info, the brokers forged documents on these loans and hundreds of others. The Governent was made aware of the fraud commited against the cops and many others they ignored the eviedence and targeted the cops. End of story, look at the other loans you will find the same thing.Makes sense and seems entirely plausible but as we discussed the other day, the Feds seem to be going after these guys in part for submitting "false documentation in order to make them able to qualify for the mortgage loans", like we've said before, if you're going to nail everyone that's lied on the 1003 mortgage application then most everyone is in trouble. Since the feds are now going after people who lied on their mortgage applications, here's a clear cut example of Bernardo Barrera committing mortgage fraud back in 2005 on a silver platter with all the supporting documents. We know that Assistant state attorney Bill Kostrzewski knew about this instance of mortgage fraud and actually questioned Mr. Barrera during his deposition regarding this mortgage but chose not to file charges against him perhaps for fear of destroying his headline mortgage fraud case. Surprisingly enough, it seems that if Mr. Kostzrewski would have investigated this transaction a little further, he would have found his "victim" involved in even MORE FRAUD! But why complicate matters, right Bill?
People who commit mortgage fraud don't fix up the homes and make mortgage payments for several years, and then sell the homes at losses. They run away with money! Someone please do a real investigation, maybe a reporter, as the FDLE has clearly not.
Having personally known both of the attys (and brokers)involved all I can say is that I hope the outcome is just. Instead of judging them and making them out to be the devil incarnate think of them as people, husbands, fathers and sons. And hope for the best out come for them and their families. It is possible that perhaps they were conducting themselves accordingly and that others were less than honest. There is a happy medium between complete cynic and completely ignorant. And perhaps if more of us walked that line the world would be a better place.
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