Clarification: Overhill Farms contract storyOctober 1st, 2009 Clarification: Overhill Farms contract storyLOS ANGELES — In some versions of a story Sept. 30, The Associated Press reported that Overhill Farms Inc.
Clarification: Speedy Cheetah storySeptember 14th, 2009 Clarification: Speedy Cheetah storyCINCINNATI — In a story Sept. 10, The Associated Press reported that a cheetah at the Cincinnati Zoo had run at more than 36 mph in covering 100 meters in about 6 seconds, becoming the fastest land mammal on record.
10 states' top prosecutors, 4 federal agencies form task force to combat mortgage fraudAugust 24th, 2009 Feds, 10 states join to fight mortgage fraudOLYMPIA, Wash. — Ten state attorneys general and four federal agencies are forming a task force to combat mortgage fraud.
Clarification: BC-US--Obit-NovakAugust 20th, 2009 Clarification: BC-US--Obit-NovakWASHINGTON — In an Aug. 18 obituary about columnist Robert Novak, The Associated Press reported that Novak's column identified Valerie Plame as a CIA operative and the investigation into that disclosure led to the conviction of I.
High-profile Beverly Hills real estate agent acquitted of mortgage fraud scheme; 2 convictedAugust 11th, 2009 High-profile Calif. real estate agent acquittedLOS ANGELES — A high-profile Beverly Hills real estate agent has been acquitted of participating in a massive mortgage fraud scheme that caused federally insured banks to lose more than $40 million.
Clarification: BC-US--US-Mideast-JordanAugust 7th, 2009 Clarification: BC-US--US-Mideast-JordanWASHINGTON — In an Aug. 3 story on American peace efforts in the Mideast, The Associated Press reported that Jordanian Foreign Minister Nasser Judeh rejected support for confidence-building measures that the U.S.
Federal authorities create mortgage fraud task force in ConnecticutJuly 31st, 2009 Federal authorities create mortgage fraud teamNEW HAVEN, Conn. — Federal authorities are creating a mortgage fraud task force in Connecticut to investigate schemes that contributed to the economic crisis and emerging crime trends associated with the growing tide of foreclosures.
Feds charge 41 in Fla. mortgage fraud schemes involving $40 million in 6 different casesJuly 28th, 2009 Feds charge 41 in Fla. mortgage fraud schemesMIAMI — Federal prosecutors say 41 people have been charged in the latest round of South Florida mortgage fraud schemes.
Clarification: Congress-National Motto storyJuly 15th, 2009 Clarification: Congress-National Motto storyMADISON, Wis. — In a story July 14, The Associated Press reported that "In God We Trust" has appeared on U.S.
Falling house prices, downturn in economy drive up mortgage fraudJuly 8th, 2009 Falling house prices drive up mortgage fraudWASHINGTON — Falling housing prices are driving up reports of mortgage fraud, with the FBI saying Tuesday that reported losses are up 83 percent last year and climbing even higher in 2009. In its 2008 Mortgage Fraud Report, the Federal Bureau of Investigation said the downturn in the economy, a spike in foreclosures and defaults and diminishing credit availability "fueled a rampant mortgage fraud climate fraught with opportunistic participants desperate to maintain or increase their current standard of living."
"Industry employees sought to maintain the high standard of living they enjoyed during the boom years of the real estate market and overextended mortgage holders were often desperate to reduce or eliminate their bloated mortgage payments," the report said.
Former NJ mortgage executive admits $139 million fraud that bankrupted his companyJune 12th, 2009 NJ mortgage company president guilty in $139M scamNEWARK, N.J. — The former president of a New Jersey mortgage company has pleaded guilty in a $139 million fraud scheme that bankrupted his firm.
Summary Box: Government accuses Mozilo, 2 others of civil fraud in Countrywide mortgage caseJune 5th, 2009 Summary Box: Mozilo accused of civil fraudFORMER COUNTRYWIDE CEO CHARGED: The government has accused Angelo Mozilo and two other former executives of the fallen mortgage lender of civil fraud and insider trading. The three dispute the civil charges by the Securities and Exchange Commission.
SEC charging former Countrywide CEO Angelo Mozilo, 2 other execs with civil fraudJune 4th, 2009 SEC charging ex-Countrywide CEO Mozilo with fraudWASHINGTON — The government is charging Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp., and two other company executives with civil fraud. The case brought by the Securities and Exchange Commission also accuses Mozilo of illegal insider trading, according to an agency spokesman.
Clarification: GateHouse storyMay 30th, 2009 Clarification: GateHouse storyBOSTON — In a story May 29, The Associated Press reported that GateHouse Media Inc. is cutting salaries at its newspapers in New England.
Clarification: Coffee Ad Wars storyMay 8th, 2009 Clarification: Coffee Ad Wars storyNEW YORK — In a story May 5, The Associated Press reported that Dunkin' Donuts will cut the prices of lattes in its New York, New Jersey and Connecticut stores. The story should have made clear that price cuts will be available only in stores in New York City and the counties closest to it in those three states.
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