Wednesday, January 6, 2010

Not Guilty Pleas down the line in Martha Coakley's Mass Division of Banks mortgage indictments.

We were there today, looking at the 100+ count Indictments. The allegations sound serious, but then so too do the allegations against Cat Gibbons and Miracle Mortgage. I can't say whether the Defendants in this case have been wronged like Ms. Gibbons, but I do note that they are young and 2/5ths of them are clearly minorities. Isn't it interesting that the older fat cats get monetary sanctions only, or even totally overlooked by AG Martha Coakley and the Massachusetts Division of Banks? I passed some information to the Defendants and counsel today, I'm sure they -- and MCAD -- will find it interesting as well.

For more on Cat Gibbons/Miracle Mortgage case with video, read more here. For links to the case heard today and set on a 9-month track, read more here.

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