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FBI probing IndyMac for possible fraud

 
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Otis
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PostPosted: Wed Jul 16, 2008 2:40 pm    Post subject: FBI probing IndyMac for possible fraud Reply with quote
http://www.reuters.com/article/newsOne/idUSN1645563020080716
Quote:
WASHINGTON (Reuters) - IndyMac (IDMC.PK: Quote, Profile, Research, Stock Buzz) is under investigation by the FBI for possible fraud involving home loans made to risky borrowers, The Associated Press reported on Wednesday, citing an unnamed law enforcement official.

The report said it was not immediately clear how long the FBI's probe of the bank has been ongoing but the probe is focused on the company and not individuals who ran the thrift institution.

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Otis
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Joined: 11 Aug 2007
Posts: 2891
Location: High and Dry
PostPosted: Wed Jul 16, 2008 3:01 pm    Post subject: Reply with quote
http://www.cnn.com/2008/US/07/16/fbi.indymac/index.html

And more there
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