Abacus Federal Savings Bank found not guilty of defrauding Fannie Mae

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“Although the decedent was not diagnosed. breaking Federal Housing Administration rules and paid a fine, also violated regulations for home loans sold to Fannie Mae and Freddie Mac, according to a.

Abacus Federal Savings Bank found not guilty of defrauding fannie mae. The bank and its employees stood accused of inflating the income of loan applicants and falsifying documents. According to a report from the New York Times, a New York jury found Abacus not guilty of charges including grand larceny, conspiracy, falsifying business records and residential mortgage fraud.

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Bronx Bankruptcy Lawyer On Bank's Mortgage Fraud Case Abacus Federal Savings Bank. The aggressive prosecution of Abacus, in contrast to the relatively lenient treatment received by the large banks, was questioned and criticized by various media outlets. A documentary about the prosecution and exoneration of Abacus, Abacus: Small Enough to Jail, was nominated for the 2018 Academy Award for Best Documentary Feature .

 · Abacus Federal Savings Bank, which caters to the Chinese-American community in New York, New Jersey and Pennsylvania, was found not guilty of grand larceny and conspiracy on Wednesday after a.

Partner Kevin Puvalowski and associate Sarah Aberg represented Abacus Federal Savings Bank, the only bank to face trial on criminal charges in connection with the financial crisis and the first bank indicted by the Manhattan District Attorney’s Office since 1991.

NEW YORK, June 3 (Reuters) – Abacus Federal Savings Bank , which caters to the Chinese-American community in New York, New Jersey and Pennsylvania, was found not guilty of grand larceny and conspiracy on Wednesday after a three-month trial for the alleged sale of hundreds of millions of dollars worth of fraudulent mortgages to Fannie Mae, lawyers.

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Over the past three weeks, there has been an across-the-board shift toward Obama, to the point that, without a reversal, McCain is threatened with losing the election — and not by the whisker that.