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Friday, July 15, 2011

Call for Special Prosecutor on HUD loan crime

Call for Special Prosecutor on HUD loan crime

Former US Prosecutor Richard I. Fine warns it is a federal crime when HUD awards a $125 million Loan Guarantee a Marina del Rey apartment complex that has only 54 units reserved for low income residents, that adds up to $2.5 million per low income unit. The remaining 500 luxury units are for high income residents in the development. He calls for a Special Prosecutor to be appointed to prosecute this federal crime.

http://www.fulldisclosure.net

3 comments:

  1. Go talk to them and tell them your situation, maybe they'll accept smaller payments that will allow you to keep your bills up to date and still get them paid off.

    ReplyDelete
  2. The only way you could possibly be charged with a crime is if you intended to fraud the company. And that's extremely difficult to prove.

    ReplyDelete
  3. I've been ask this scenario by one of my co worker, if they took a loan of a car and not paying at all from the beginning can that be consider a criminal matter like such arrest can occur or its only repossession that will likely to happen?

    ReplyDelete

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