Word: albritton
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...fraud, which helped bring about the crisis, is now being followed by a second as people scheme to buy up foreclosed homes and other properties whose prices have plummeted, or as desperate homeowners hurry to refinance exorbitant mortgages or get their interest rates and principals reduced. As a result, Albritton, who says the task force is also working with industry insiders who can walk agents and prosecutors through the arcane intricacies of mortgage fraud, hopes to clear the decks by making as many plea deals as possible with suspects as early as this spring. Indictments will come later...
...federal agents and prosecutors have embarked on a "surge" of mortgage and loan-modification fraud investigations that could result in more than 200 indictments this year in the Tampa region alone. "The idea is to do as many cases as we can at once," says Tampa U.S. Attorney Brian Albritton, "to clearly send a message that this is not going to be tolerated." (See 25 People to Blame for the Financial Crisis...
...Given the enormity of the problem," says Albritton, "we wanted to jointly organize ourselves even further to try and accelerate" the process. Says Steven Ibison, FBI special agent in charge in Tampa, "We're using resources that normally would be addressing other threats in order to surge this." Part of the strategy is to proceed in three "waves" that move "as high up the ladder" as possible, says Ibison: to collar not just the buyers who lied on loan applications, or brokers who ushered those shams along, but also the banks and lenders who looked the other way or actively...
...international media on the conflict in Iraq and elsewhere in the Middle East. Saves you having to spend hours browsing the major U.S., British and Middle East dailies, as well as tracking down the occasional gem from lesser known military and security publications. TIME stringer Christopher Albritton provides an excellent daily diary of his life and work in Baghdad at Back to Iraq, the site through which he got readers to finance a reporting trip. Baghdad Burning is the daily blog of a young Iraqi women elated to be free of Saddam Hussein but outraged by what almost two years...
...black agents describe a lonely, isolated life in a culture still dominated by attitudes carried forward from ATF's moonshine-hunting days. "With ATF it's always been the good ole boy system, white males from the Southeast," Albritton says. The generation of ATF officials who hired today's senior managers were typically men hired for their knowledge of Southern mores and their skill at outwitting deep-country bootleggers. Once these woodcraft experts reached positions of authority, says Larry Stewart, assistant special agent in charge of ATF's Atlanta office, "they hired people who looked like them, who talked like...