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Results 51 - 60 of 176 for mortgage fraud

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  1. Borrowing heavily on history... and learning nothing from it

    Posted Feb 17th 2007, 12:00am by Alex Lo

    ... of a borrower's fraud, bankruptcy or delinquency. So, a finance ignoramus, I finally realised this is what my HSBC investment had bravely gotten into, not the vanilla mortgages Hongkongers talk about when ... property market over the weekend is highly instructive and makes me glad we live in risk-averse Hong Kong, at least when it comes to esoteric doomsday mortgage products. It seems when regular folks ...

    http://www.scmp.com/article/582236/borrowing-heavily-history-and-learning-nothing-it
  2. Business - Banking & Finance - FRAUD

    JPMorgan agrees to pay US$1.7b in Madoff case

    Posted Jan 08th 2014, 03:42am by BLOOM

    ... with the office of Preet Bharara, the US attorney in Manhattan, and acknowledged lapses in oversight related to an account Madoff used to fund his multibillion-dollar fraud. Wall Street firms have spent ... confessing to running a fraud that cost investors about US$17 billion. He is serving a 150-year federal prison sentence in North Carolina. JPMorgan agreed to the filing of two criminal counts ...

    http://www.scmp.com/business/banking-finance/article/1400231/jpmorgan-agrees-pay-us17b-madoff-case
  3. Fraudsters target new estates

    Posted Oct 15th 2003, 12:00am by Ella Lee, Stella Lee

    ... with the police investigation and would review all measures relating to mortgage applications. HSBC declined to comment on the frauds, but said the bank had stringent vetting procedures. The Association ... Most of the scams involve recently completed apartments, which are easily rented out and offer the bogus buyers plenty of sweeteners Crime syndicates behind a wave of mortgage scams ...

    http://www.scmp.com/article/431197/fraudsters-target-new-estates
  4. Henderson Land and law firm raided

    Posted Jul 15th 2010, 12:00am by Olga Wong

    ... for conspiracy to defraud under common law, or a fraud case under the Theft Ordinance. 'There is reasonable doubt [about] those transactions,' he said. 'The detectives will trace the financial arrangement of these transactions, such as the mortgage documents issued by the bank.' Fraud under the Theft Ordinance can involve a penalty of up to 14 years in jail. Barrister ...

    http://www.scmp.com/article/719679/henderson-land-and-law-firm-raided
  5. City Briefs

    Posted Nov 23rd 2006, 12:00am by Staff Reporter

    ... the twins and their mother were injured. All have been discharged from hospital. woman accused of fraud over property sale A woman was accused of fraudulently obtaining a HK$3.15 million mortgage ... it to herself the same month for HK$5.2 million. She pleaded not guilty to fraud. Norovirus found in ward Three male patients of a psychiatric ward in Kowloon Hospital have tested positive ...

    http://www.scmp.com/node/572592
  6. Saudi investor reduces holding in HSBC

    Posted Jan 01st 2009, 12:00am by Staff Reporter

    ... 12.78 per cent since December 17 after a CLSA report said the bank should raise as much as US$14 billion through share sales. The report cited rising provisions for subprime mortgage loans and risks associated with the US$50 billion fraud linked to Wall Street trader Bernard Madoff. Louis Tse Ming-kwong, a director at VC Brokerage, said the performance of HSBC had been better than ...

    http://www.scmp.com/article/665439/saudi-investor-reduces-holding-hsbc
  7. Star policeman faces jail term in loan fraud case

    Posted Oct 07th 2004, 12:00am by Elaine Wu

    ... Elaine Wu A high-flying policeman who once arrested gangster 'Big Spender' Cheung Tze-keung for Hong Kong's biggest robbery was convicted of fraud yesterday and warned he ... and mortgages in six loan applications in 2000 and 2001. He borrowed $780,000 through four of these applications and acted as a guarantor on the two other loans totalling $360,000. The companies ...

    http://www.scmp.com/article/473164/star-policeman-faces-jail-term-loan-fraud-case
  8. News - Hong Kong - COURTS

    'No rules broken' in cross-lease of flats in Mak case

    Posted May 08th 2013, 12:00am by Thomas Chan

    ... Thomas Chan thomas.chan@scmp.com Former civil service secretary, called to testify in ex-minister's housing subsidy fraud trial, says the practice was common and legal 'No rules broken' in cross-lease of flats The practice of cross-leasing flats was legal and common among civil servants in the 1980s as they used rental income to pay off mortgages, a former high-ranking ...

    http://www.scmp.com/news/hong-kong/article/1232518/cross-leasing-flats-didnt-break-civil-service-rules-witness
  9. Business - Banking & Finance

    Bank robbers out in the open

    Posted Aug 15th 2012, 12:00am by Kevin Rafferty

    ... companies. Like mafia soldiers, mortgage brokers and originators were expected to commit or abet fraud, violate sound underwriting practices, and ignore or undermine consumer protection ... class." To objections that that's nothing like the way the modern financial sector is organised, he points out some uncomfortable similarities. "In residential-mortgage ...

    http://www.scmp.com/business/banking-finance/article/1014928/bank-robbers-out-open
  10. News - Hong Kong

    Bank free to evict Carson Yeung’s family from Peak home

    Posted Jan 31st 2013, 05:20pm by Austin Chiu

    ... like a fraud case if Yeung insisted that he, instead of his company, was the true owner of the house, since no such information was disclosed to the bank when the mortgage was taken out. ... Austin Chiu A Hong Kong bank can now evict troubled businessman Carson Yeung Ka-sing – plus his mother, his lover and two children – from their house on The Peak over a defaulted mortgage ...

    http://www.scmp.com/news/hong-kong/article/1140299/court-frees-bank-evict-carson-yeungs-family-peak-home

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