Posted on 08/18/2011 12:45:10 PM PDT by SmithL
COSTA MESA -- California prosecutors filed a major lawsuit against several lawyers and call center operators for allegedly running a nationwide scam to dupe desperate homeowners into paying thousands of dollars to join dubious lawsuits against some of the country's largest banks.
The complaint unsealed Thursday in Los Angeles County Superior Court accuses prominent foreclosure attorneys Philip Kramer and Mitchell Stein and at least 17 other individuals and businesses of luring borrowers into a scheme that falsely promised a cut of future settlements.
The lawsuit portrays the defendants as the most recent in the chain of mortgage-related scammers who helped fuel the housing bubble and have cashed in on its collapse. The defendants previously worked in the fraud-ridden loan modification industry.
Borrowers were lured into the scheme with claims that courts have found most mortgage lenders to have practiced predatory lending or approved inappropriate loans, and that the homeowners' own banks meet the criteria for having perpetrated such "violations," the complaint says.
"Defendants use deceptive advertising and telemarketing to recruit consumers to join these lawsuits," according to the complaint filed by prosecutors.
(Excerpt) Read more at contracostatimes.com ...
Latest Michael Connelly book “The Fifth Witness” is all about something like that.
I have been getting these about three times a week for a few months now. I am convinced it is because I live in a largely minority neighborhood. The same suckers who got suckered into taking on loans they couldn’t afford are now being suckering into throwing good money after bad trying to fix it.
And the attorney are coming from exactly the same place the loan brokers were — Irvine, Costa Mesa, and other Orange County cities.
Ladies and gentlemen, won’t you please donate to THE SEND A LAWYER TO PLUMBER SCHOOL FUND? Help save a poor kid from a life of avarice and bickering. In plumbing school, they’ll learn how to use water to flush away other lawyers.
For some reason I do not feel sorry for those being scammed...
OK, so we got evil lawyers eating evil Obama voters who are quick to blame the banks, and now all of them are being eaten by an evil government...
Aside the wasted taxpayers moneys, is this pop corn time or what?
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