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  1. Lawyer jailed 6 years for HK$10.9m mortgage scam

    Posted Dec 09th 2009, 12:00am by Staff Reporter

    ... Loretta Fong A lawyer was jailed for six years yesterday for conspiring to deceive the Industrial and Commercial Bank of China in a mortgage scam in which two loans totalling more than ... in the case, the judge said. The court had heard that ICBC paid out a total of HK$10,978,500 for mortgage loans secured between June 1, 2005, and July 31, 2006, for two flats in Le Sommet in North ...

    http://www.scmp.com/article/700748/lawyer-jailed-6-years-hk109m-mortgage-scam
  2. Four arrested over mortgage fraud

    Posted Jul 12th 2006, 12:00am by Agnes Lam, Clifford Lo

    ... for conspiracy to defraud in an operation against a mortgage fraud syndicate alleged to have cheated a bank out of $11 million in two separate mortgage applications. The arrests were made on Monday before a third mortgage of $6 million was secured from the same bank, according to police. Police last night charged a 56-year-old woman with uttering forged documents. She will appear in Eastern ...

    http://www.scmp.com/article/556292/four-arrested-over-mortgage-fraud
  3. News - Hong Kong - LETTER OF THE LAW

    Failure to observe formalities can lead to danger

    Posted Apr 23rd 2013, 12:00am by MICHAEL LOWER

    ... however, B contributed to the purchase price or mortgage payments or suffered some other detriment through reliance on the agreement, it would not be fair to allow A to "escape" due ... them. Otherwise, the courts have to decide who owns what. In this respect, the relative contributions of A and B to the purchase price or mortgage payments can be a useful guide in some cases, ...

    http://www.scmp.com/news/hong-kong/article/1220828/failure-observe-formalities-can-lead-danger
  4. City Digest

    Posted Feb 29th 2012, 12:00am

    ... manager allowed Yeung to delay mortgage repayments because his assets were frozen in connection with alleged money laundering. The lawyers were fighting an application by Wing Hang Bank to take over Yeung's Barker Road house for non-payment of the mortgage between June and September. The bank denied the claim. The case was adjourned to a date to be fixed. Woman admits role ...

    http://www.scmp.com/article/993955/city-digest
  5. Corrections & clarifications

    Posted Apr 02nd 2010, 12:00am by Staff Reporter

    ... In the story 'Sheraton Valuers seeks HK$11.65m after being cut out of record deal', published on Wednesday, March 31, we wrongly reported that Sheraton Valuers is taking legal action against Emperor Group and Snowland Limited. The only defendant ...

    http://www.scmp.com/article/710394/corrections-clarifications
  6. Firm faces $1m suit over failed real estate project

    Posted Nov 19th 2004, 12:00am by Staff Reporter

    ... Magdalen Chow A subsidiary of locally listed Gold-Face Holdings is being sued for more than $1 million in mortgage payments for two houses at the failed Villa Pinada real estate ... cent rebate of the total purchase price and True Gold would shoulder the mortgage payments for the first 48 months, according to the writ. In May 2003, True Gold told Mr Cheung that the company ...

    http://www.scmp.com/article/478665/firm-faces-1m-suit-over-failed-real-estate-project
  7. City Briefs

    Posted Aug 01st 2003, 12:00am by Staff Reporter

    ... ALLEGED MORTGAGE FRAUD SYNDICATE BROKEN UP Eleven people have been arrested by Commercial Crime Bureau officers in a two-day operation against a mortgage fraud syndicate. More than 120 locations were raided and the suspects - nine men and two women aged 28 and 48 - alleged to have been involved in 19 fraudulent mortgage applications worth $31.6 million were arrested. Six ...

    http://www.scmp.com/article/423481/city-briefs
  8. Allowance abuse a familiar story

    Posted Jul 06th 2012, 12:00am

    ... that by this statement, the couple had intended to deceive the government. The Sins treated the flat as their own and had been responsible for the mortgage. He also found the parties had kept the proceeds after ... receiving a HK$27,000 monthly mortgage allowance in 1991, but rented out his Happy Valley flat from March 1996 to November 1998 when he was posted overseas. In 2000, he was convicted of 33 theft ...

    http://www.scmp.com/article/1006020/allowance-abuse-familiar-story
  9. Villa Pinada boss cleared of fraud

    Posted Aug 18th 2005, 12:00am by Jonathan Li

    ... Jonathan Li Prosecution failed to prove developer and four others were guilty of $12.3m mortgage scams, says judge The developer of a luxurious residential project in Tuen Mun has been acquitted of mortgage frauds worth $12.32 million. District Court Judge Esther Toh Lye-ping said yesterday that the prosecution had failed to prove 49-year-old Tai Chi-wah, the developer ...

    http://www.scmp.com/article/512577/villa-pinada-boss-cleared-fraud
  10. Doctor is accused of HK$2.2m rent scam

    Posted Jun 01st 2011, 12:00am

    ... Siu-kin, to pretend to be the owner. Yuen had paid the mortgage repayments, rates and all other expenses and lived at the property since the purchase. Surman said the Civil Service Regulation ... Tang said: 'It was a common and prevailing practice.' The court heard that Tang took out a mortgage of about HK$1.5 million for the flat on Yuen's instructions and used what Yuen ...

    http://www.scmp.com/article/969330/doctor-accused-hk22m-rent-scam

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