US investigates Deutsche Bank in foreclosure case (Allegations Deutsche Bank filed false documents)

[kpete]

Source: Reuters

US investigates Deutsche Bank in foreclosure case

7:35am PST

Fri Jan 28, 2011 7:04pm EST

* Allegations Deutsche Bank filed false documents

* Inquiry could affect foreclosures across United States

* Testimony demanded from Deutsche Bank officials

By Scot J. Paltrow

NEW YORK, Jan 28 (Reuters) - A branch of the U.S. Department of Justice is investigating whether Deutsche Bank (DBKGn.DE) filed false documents and attempted to mislead a bankruptcy judge in a foreclosure action.

Although the investigation involves the case of only one homeowner in Connecticut, a court document filed on Jan. 26 by the United States Trustee's Office said it wants to elicit information about Deutsche Bank's practices in general in foreclosure cases.

The inquiry involves Deutsche Bank National Trust Co, the Deutsche Bank unit that acts as trustee for thousands of trusts that invested in mortgage-backed securities. The U.S. Trustees' Office is a division of the Department of Justice responsible for overseeing administration of bankruptcy cases.

Read more: http://www.reuters.com/article/2011/01/29/foreclosures-deutschebank-probe-idUSN2811753620110129

[DJ13]

1. Really?

BofA and Wells Fargo file thousands of fraudulent docs on a daily basis and the DOJ is looking into Deutsche Bank?

[madrchsod]

2. around 40% of the foreclousers in the next county are wells and deutschee

my county has far fewer forecloures because wells fargo,deutsche bank and bofa are`t major players.

[madrchsod]

3. i think deutsche bought a lot of bundles that they knew were bad

[molly77]

4. Deutsche Bank has been the epicenter of illegal carbon trading in Europe

Over 100 indictments. New England has cap and trade. You have to have that to do the illegal carbon trading. Enron was into wind farms. The horrible hedge fund D E Shaw Group with ties to Larry Summers owned almost half of UPC , wind farm corporation, with many subsidiaries. Ties to the mafia . I live close to the canadian border in Maine. The subsidiary that is building all over upper state ME and NY is First Wind. Their SEC report states their power purchase agreements with foreign countries do not require them to produce power. That is why upper state ME is targeted.Close to Canada.Wall Street trading. Does not help the environment whatsoever.