THE GOVERNMENT FINALLY THROWS SOMEONE IN JAIL FOR MORTGAGE CRIMES! A Borrower Who May Be Innocent
Via Business Insider, Image Charlie Engle
It is a topic of neverending frustration.
Despite the millions of ridiculous mortgages made during the peak years of the housing bubble, despite the billions of dollars of profits raked in by Wall Street and mortgage firms like Countrywide, despite the ensuing financial crisis that nearly brought the economy to its knees, no one has been held criminally responsible.
With the exception of a couple of mortgage investors on Wall Street, in fact--both of whom were justifiably acquitted--no one has even been charged with crimes.
Well, almost no one.
After an exhaustive investigation that included multiple agents, multiple criminal theories, dumpster diving, disguises, impersonations, and a secret wire, the government has finally nailed one alleged mortgage crook.
His name is Charlie Engle.
He's an ultra-marathoner.
And a homeowner.
A homeowner who may have overstated his income on a "liar loan."
Read more: http://www.businessinsider.com/charlie-engle-2011-3#ixzz1HphaRvUr
