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trumad

(41,692 posts)
Sat Jun 2, 2012, 08:01 AM Jun 2012

Uhhh Mr. Holder---- How about starting from the top? [View all]

<snip>
Perhaps you remember Charlie Engle. I wrote about him not long after he entered a minimum-security facility in Beaver, W.Va., 16 months ago. He’s the poor guy who went to jail for lying on a liar loan during the housing bubble.

There were two things about Charlie’s prosecution that really bothered me. First, he’d clearly been targeted by an agent of the Internal Revenue Service who seemed offended that Charlie was an ultramarathoner without a steady day job. The I.R.S. conducted “Dumpster dives” into his garbage and put a wire on a female undercover agent hoping to find some dirt on him. Unable to unearth any wrongdoing on his tax returns, the I.R.S. discovered he had taken out several subprime mortgages that didn’t require income verification. His income on one of them was wildly inflated. They don’t call them liar loans for nothing.
http://www.nytimes.com/2012/06/02/opinion/nocera-the-mortgage-fraud-fraud.html?_r=1&hp

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