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Tag Archives: ING

Mortgage Lenders Fight Back, Use RICO Claim to Recoup Fraud Losses

Posted in Mortgage Fraud

A novel lawsuit brought in federal court in Seattle by Wilmington, Del. based ING Bank alleges that over 20 individuals and companies violated the Racketeer Influenced and Corrupt Organizations Act ("RICO") by running a complex mortgage fraud scheme that resulted in the origination of over $6 million of mortgages.  The defendants named in the federal Civil RICO lawsuit include a mortgage broker, an… Continue Reading