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California AG Files Actions Against Scammers

Attorney General Brown Shuts Down Mortgage Scam Artists
Yesterday, the Los Angeles Superior Court, at the request of the attorney general, froze all the companies’ real estate and bank accounts and enjoined them from engaging in further predatory practices. .. In the coming weeks, Brown intends to bring additional legal actions, both civil and criminal, against other mortgage lenders and foreclosure consultants who are taking advantage of homeowners across California.

[Also see: Marcia Coyle/NLJ: Subprime-Related Filings in Federal Court Increase Dramatically].

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Pimpin' the Slide in the UK

Philip Aldrick/Telegraph: FSA to launch probe as rumours hit UK banks

Apparently in the UK, people who lie, cheat, steal, and attempt to manipulate markets are guily of a crime. Here they are congratulated on their market acumen.

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