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  1. Alleged conspirators in $12m mortgage fraud case granted bail

    Posted Aug 06th 2004, 12:00am by Staff Reporter

    ... Louisa Yan Five men alleged to have conspired to defraud four banks of $12.5 million in mortgages appeared in Eastern Court yesterday. Among the five suspects were Gold-Face Holdings managing director Tai Chi-wah, 48, and the director of Gold-Face, Lim Hau-chun, 50. The court heard the pair were also involved in another alleged fraud involving the same housing project, which ...

    http://www.scmp.com/article/465534/alleged-conspirators-12m-mortgage-fraud-case-granted-bail
  2. HK shares rebound after rescue of mortgage giants

    Posted Sep 09th 2008, 12:00am by Nick Westra

    ... after the US Treasury threw another lifeline to the country's failing housing market by taking over giant mortgage providers Fannie Mae and Freddie Mac. The news announced on Sunday sent ... the highest in more than three weeks. Investors were in a buying mood after US Secretary of the Treasury Henry Paulson unveiled a rescue plan that guarantees each of the troubled mortgage providers up ...

    http://www.scmp.com/article/651926/hk-shares-rebound-after-rescue-mortgage-giants
  3. Mortgages in negative equity jump by 174pc

    Posted Nov 22nd 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu The number of residential mortgage loans in negative equity jumped 174 per cent to 2,568 in the third quarter of the year as property prices dropped 7 per cent. Property agents ... to the uncertain market outlook. But a plan by the Mortgage Corporation to relax the threshold for mortgage insurance could encourage banks to lend more. Monetary Authority deputy chief executive Peter ...

    http://www.scmp.com/article/661106/mortgages-negative-equity-jump-174pc
  4. Long jail terms for Moulin fraud pair

    Posted Dec 03rd 2010, 12:00am by Toh Han Shih

    ... a lesser role in the fraud conspiracy at the defunct firm, received lighter sentences ranging from four months to two years. 'For a crime of this case, I believe 12 years' jail ... was sentenced to seven years' jail for fraud in October. James Ting, former chairman of Akai Holdings, was sentenced to six years in 2005 but was released on bail in 2006. Ma Bo-kee, 66, founded ...

    http://www.scmp.com/article/732250/long-jail-terms-moulin-fraud-pair
  5. Protection of debtors' basic living standards to be enshrined in law

    Posted Nov 16th 2004, 12:00am by Staff Reporter

    ... will not be able to be sold or mortgaged to clear debts. 'It is difficult to determine whether a residence is the debtor's only [property],' Mr Huang said. 'They may have other ...

    http://www.scmp.com/article/478344/protection-debtors-basic-living-standards-be-enshrined-law
  6. Moulin ex-boss admits fraud plot

    Posted Sep 29th 2010, 12:00am by Toh Han Shih

    ... are being tried in front of a jury in the Court of First Instance. The eight defendants face charges in a fraud case related to the former Hong Kong-listed firm, which once described itself ...

    http://www.scmp.com/article/726134/moulin-ex-boss-admits-fraud-plot
  7. Moulin father and son face trial for fraud

    Posted Jan 28th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick The father and son who ran Moulin Global Eyecare, the Hong Kong-based optics empire that collapsed in 2005, owing creditors HK$2.7 billion, will be tried on fraud charges in September. Ma Bo-kee, the rags to riches entrepreneur who started Moulin in a Kowloon workshop, and his son Cary Ma Lit-kin, who aggressively grew the firm into what he claimed was the world's ...

    http://www.scmp.com/article/704859/moulin-father-and-son-face-trial-fraud
  8. State banks seek overseas aid on loan deals

    Posted Mar 21st 2005, 12:00am by Staff Reporter

    ... Bei Hu Hong Kong Mortgage Corp called in to ensure international standards are met Two leading state banks set to lead the mainland's experiments with mortgage loan securitisation ... to successful securitisation of mortgages, one of the fastest growing categories of bank loans which has grown to 1.6 trillion yuan in just a few years. Mainland interest in securitisation has increased ...

    http://www.scmp.com/article/493681/state-banks-seek-overseas-aid-loan-deals
  9. Citigroup settles US$2.6b fraud suit

    Posted May 11th 2004, 12:00am by Staff Reporter

    ... by holders of WorldCom stocks and bonds who claimed it had participated in the massive fraud with the telephone company, now known as MCI. The settlement allows Citigroup to put behind it one of the largest civil suits from its alleged involvement in numerous fraud cases from the late 1990s stock market bubble. Citigroup, which admitted no wrongdoing in the settlement, said it had increased ...

    http://www.scmp.com/article/455233/citigroup-settles-us26b-fraud-suit
  10. The financial typhoon

    Posted Oct 06th 2008, 12:00am by Sophie Paine

    ... money (mortgage) to almost anyone who wanted to buy a house. The banks even provided money to people who had a history of not paying back loans. A lot of people borrowed too much money, and as interest on the loans went up, they were unable to meet the payments on adjustable rates, or sub-prime mortgages. The only way the banks could get their money back was to sell the houses ...

    http://www.scmp.com/article/655264/financial-typhoon

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