Word: plan
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...plenty of beefs in his hard-knocks life, but the hugely successful Brooklyn rapper and entrepreneur didn't expect a showdown over his plan to visit Michael Eavis's dairy farm in rural England this weekend. The farm is currently surrounded by the vast, temporary canvas city known as the Glastonbury Festival, a massive outdoor music and performing arts festival which the 72-year-old Eavis has hosted since 1970. Jay-Z, Amy Winehouse, Leonard Cohen, Kings of Leon, Jimmy Cliff, Manu Chao, Fatboy Slim and hundreds of other acts will perform on over a dozen stages starting Friday...
...perhaps, for much longer. By Christmas, the dozen or so residents of Innamincka, about 1,100 km north of Adelaide, have been promised a miracle: free electricity for decades to come. If all goes to plan, the beer will soon be cooled by zero-emissions renewable energy trapped deep beneath the surrounding desert...
Among those arrested in the state were Evelyn Rivera and William Louisma, twentysomethings who live in the same sprawling development in the upper-class city of Wellington, part of Palm Beach County. The two, along with at least one other person, allegedly concocted a plan in February to buy 55 townhomes in Fort Lauderdale, inflate their values and establish "straw borrowers" whose incomes were pumped up to qualify for the big loans. The gang reportedly hoped to make as much as $8 million in profits after they got the loans and then abandoned the homes to foreclosure...
...unit. Louisma allegedly used his chiropractor business to falsify borrower names and incomes (making it seem they were his employees). The duo's accused associate, Michael Acosta, a Boca Raton property appraiser, allegedly filed paperwork listing the value of each townhome at $400,000, as Rivera put together a plan to buy them at a mere $216,000 each. The applications were then said to have been shepherded through the process by an unidentified mortgage broker...
...plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the fastest price appreciation is where we've seen the greatest incidents of mortgage fraud," says John Mechem, spokesman for the Mortgage Bankers Association...