Comments on:

New York banking firm caught in mortgage scheme

Back to the article » By |
After turning a blind eye to a fraud scheme amongst its employees, a Wall Street firm has agreed to pay a $25 million settlement to the federal government. Jefferies, the New York-based investment banker and broker-dealer group, had been accused by federal officials of overcharging investors for residential mortgage-backed securities. “The sole purpose of this deception was to increase profit...

To learn more about commenting on and our community guidelines, please see our comments FAQ.