Friday, June 20, 2008

US mortgage fraud probe nets 406, plus Bear Stearns two (AFP)

A foreclosure sign hangs in front of a house in Miami, Florida. Two former Bear Stearns hedge fund managers were indicted Thursday, officials said as they unveiled charges against more than 400 people in a wide-ranging probe of mortgage abuses during the US housing boom.(AFP/Getty Images/File/Joe Raedle)AFP - Two ex-Bear Stearns executives were indicted Thursday as officials unveiled charges against 406 people in a huge probe into fraud, which helped fuel the housing crisis and infect the global economy.




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[Source: Yahoo! News: Most Recommended - Posted by FreeAutoBlogger]

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