Sterling Bancorp Inc. To Plead Guilty to $69M Securities Fraud
DOJ says bank’s residential mortgages were ‘rife with fraud.’
DOJ says bank’s residential mortgages were ‘rife with fraud.’
The bank confirmed on Monday that they are being investigated by the U.S. Securities and Exchange Commission.
The settlement will be one of New Jersey’s largest civil recoveries in the state’s history.
Decade-long scheme was used to finance a lavish lifestyle.
Settlement is the first government resolution involving illegal discrimination by a nonbank mortgage lender.
Trio allegedly involved in mortgage, credit repair, and government loan fraud.
Former loan processor will receive $228K for whistleblower role.
A Twin Cities house-flipper pleaded guilty on June 16 to defrauding real estate investors and soliciting more than $3 million.