moh malekpour
Elite Member
- Joined
- May 25, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHZnRy9Si0OI&refer=home
The arrests are the first in a U.S. probe of possible fraud by banks and mortgage companies whose investment in subprime loans and securities plunged in value. The U.S. Securities and Exchange Commission may sue the two men as early as today, claiming they committed fraud, people with knowledge of the case said