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: Legal Pad | LAAttorney general Brown & FTC collaborate on Operation Loan Lies
By Richard Binder
The Federal Trade Commission is sending out a DVD in an effort to curb the calls and mailers that have helped dupe hundreds of thousands of homeowners out of hundreds of millions of dollars in the name of mortgage relief. The DVD -- along with a flurry of lawsuits -- was unveiled Wednesday as a part of Operation Loan Lies, a nationwide crackdown by federal, state and local authorities on those who prey on homeowners.
So far, 189 lawsuits, cease-and-desist orders and other legal actions have been filed in 20 states as a result of Operation Loan Lies.
In Southern California, prosecutors have taken legal action against 14 companies and 21 people accused of running loan-modification scams that ripped off thousands of struggling homeowners looking to avoid foreclosure.
Click here for the full story.
Full post as published by Legal Pad | LA on July 16, 2009 (boomark / email).
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