Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.
Benjamin Franklin

SUBPRIME SWINDLE…CRIME FAMILY’S $200M RIP-OFF

By: Pam On: Oct/4/08 - 1 Comment

The head of a brazen family of fraudsters took advantage of sloppy subprime mortgage lenders to pull off a mindblowing scheme that reeled in more than $200 million in fraudulent loans

a devastating hit that contributed to the nation’s financial crisis. Garri Zhigun, 31, his wife and his mother were part of a wide-ranging scheme by a Russian fraud ring that the feds said used false documents, stolen identities and “straw” buyers to obtain more than 1,000 subprime mortgages between 2004 and 2006.

Posts Related to this one:

Posted on: October 4, 2008 |

Posted in: National News

One Response to “SUBPRIME SWINDLE…CRIME FAMILY’S $200M RIP-OFF”

  1. Robert
    October 4, 2008 - 11:22 AM on October 4th, 2008

    See, this is a classic example of how the Liberals, with their feel good programs, open the door wide to corruption and fraud. They started pushing to end redlining; they said that was racist. Then they pushed to make the subprime loans; finally the no documented income “stated income” loans. All of this went against sound management practices and common sense, but they wanted it. It opened the door for organized frauders like this.

    I hope somehow they can take all the assets of these frauders, then either put them in prison for a long time or deport them and banish them.

    Frankly, I would banish them from America forever under penalty of death, or just shoot them now.

Leave a Reply

Right Voices uses Gravatar to display individual comment author icons. If you'd like your own icon next to your name, then go to Gravatar.com and sign up - it's easy!

:) :( :d :"> :(( \:d/ :x 8-| /:) :o :-? :-" :-w ;) [-( :)>- more »