Magnets For EnergyFREE ENERGY – Air Powered Vehicles
Written by admin on August 2, 2009 – 3:52 pm -
***Over 400 Investment bankers arrested;
Following the third major “sweep” of the mortgage industry in four years, the U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced on Thursday that it had arrested over 400 real estate industry players since March, dozens of them over the last two days, for incidences of mortgage fraud that have contributed to the housing crisis.
Announcement of the arrests came at a Thursday afternoon Justice Department press conference conducted by Deputy Attorney General Mark R. Filip and FBI Director Robert Mueller.
Filip said the arrests took place in Chicago, Atlanta, Miami, and suburban Maryland among other locations and those arrested included industry borrowers, loan originators, and real estate agents. 60 people were arrested on Wednesday alone with the round-up continuing.
The sweep, code named Operation Malicious Mortgage, was the third major action that the Department of Justice has headed up since 2004 against mortgage fraud and related crimes. The most recent activity has resulted in 144 mortgage fraud cases in which 406 defendants have been charged since March 1. Cases were brought in every region of the country and in more than 50 judicial districts. The FBI estimates that approximately $1 billion in losses resulted from the mortgage fraud schemes employed in these cases.
In general, mortgage fraud involves three distinct types of fraud; lending fraud, foreclosure rescue scams and mortgage-related bankruptcy schemes. Lending fraud frequently involves multiple loan transactions in which industry professionals construct mortgage transactions based on gross fraudulent misrepresentations about the borrower’s financial status, such as overstating the borrower’s income or assets, using false or fictitious employment records or inflating property values. Foreclosure rescue scams involve criminals who target legitimate homeowners in dire financial circumstances and fraudulently collect fees for foreclosure prevention services or obtain ownership interests in residential properties. Both of these fraudulent mortgage schemes may be furthered by filing bankruptcy petitions that automatically stay foreclosure.
In the case of the recent DOJ action, the most common type of mortgage fraud was misstatement of income or assets, followed by forged documents, inflated appraisals and misrepresentation of a buyer’s intent to occupy a property as a primary residence.
Filip said, “The integrity and credibility of these markets depend upon fair dealing. While the law cannot dictate economic outcomes or protect individuals from bad investment decisions or unlucky greats, it does protect them from fraud.” He said that the investigation and prosecution of these crimes will continue.
In a separate action, an indictment was unsealed in the Eastern District of New York charging two Bear Stearns portfolio managers with conspiracy, securities fraud, wire fraud, and insider trading charges growing out of alleged misrepresentations to two Bear Stearns hedge funds that invested in securities tied to mortgage debt. The indictment alleges that the two marketed the funds as a low risk strategy. By March, 2007 they believed the funds were in grave condition and at risk of collapse but made misrepresentations about the amount of money other investors were withdrawing and about the extent of their personal investment in the funds. This was done, the indictment alleges, to stave off investor withdrawal. The funds did collapse last summer, resulting in losses to investors estimated at $1.4 billion.
Filip and Mueller credited a number of other federal agencies with assisting with the investigation including the Internal Revenue Service, U.S. Postal Service, Immigration and Customs Enforcement, the Federal Deposit Insurance Corporation, and the Department of Housing and Urban Development.
The FBI says it has arrested about 300 real estate industry players since March — including dozens over the last two days — in its crackdown on incidents of mortgage fraud that have contributed to the country’s housing crisis. (We assume that the discrepancy in numbers arrested is attributable to police actions taken by other agencies.)
One law enforcement official put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion.
Over the last several months, the FBI has been investigating an estimated 1,300 mortgage fraud cases — including 19 involving subprime lending practices by U.S. financial institutions
http://www.mortgagenewsdaily.com/6202008_FBI_Mortage_Fraud.asp
-Free…as all things should be…:)
Duration : 0:3:23
Tags: air, car, compresed, compressed, Electric, energy, Free, Galactic, Generator, Hydrogen, magnets, Motor, Oxygen, water
Posted in Free energy | 25 Comments »
NEWS23 “Only as for the discharge water. The hydrogen fueled car of the dream. “
Written by admin on May 11, 2009 – 10:10 am -
“a hydrogen engine car” of Mazda morter and BMW are not reported at all.
A figure of power of the car industry has a glimpse and gets it from the inclination news.
Duration : 0:4:22
Tags: car, engine, Hydrogen
Posted in Hydrogen from water | No Comments »
Create Water Fuel with A Hydrogen Generator
Written by admin on April 16, 2009 – 1:04 pm -
www.squidoo.com First, watch the following videos to see how the revolutionary water fuel (HHO Gas) will benefit you. Then find out How To Install A Hydrogen Generator To Your Car to make a difference to both your gas expenses and the environment.
Duration : 0:1:42
Tags: car, fuel, gas, HHO, Hydrogen, water
Posted in Hydrogen from water | 1 Comment »
H2 Hydrogen Booster Intsalled in Merc Milan Car
Written by admin on March 22, 2009 – 1:54 pm -
http://hydrogen.mixcat.com I show the New Hydrogen booster model install with relay, switch and 30 amp fuse. It draws 8-9 amps. We have a great MPG boost with the mix of gasoline and hydrogen
Duration : 0:1:41
Tags: BOOSTER, car, fuel, gas, h2, hybrid, Hydrogen, milan, mpg, relay, water
Posted in Hydrogen from water | 25 Comments »
1980′s Hydrogen in the News – Water HHO Torch Demonstration
Written by admin on March 19, 2009 – 5:23 pm -
Very interesting to see how the news media back in the day had early coverage of this technology from day one. Now you will never here anyone speak of where this technology should of been, and where it might be going in the near future. That is why we are on here folks. To keep bringing updates, and improvements, and demonstrating our findings. No longer have to wait for some outside source to provide us with this information. We need the news casters of yesterday speaking for us today. Ok …
Duration : 0:3:50
Tags: BROWN'S, car, engine, fuel, gas, HHO, Hydrogen, ignition, Installation, Magnet, MiniTorch, Motor, Overunity, plasma, running, water
Posted in Hydrogen from water | 18 Comments »
Create your own water car hybrid for under $50 /Free Energy
Written by admin on March 18, 2009 – 3:21 pm -
http://5business.water4gas.hop.clickbank.net/ Did you know that you can convert your car to a water-burning car? You can run your car on water, supplemental to gasoline, to increase your car’s fuel efficiency and reduce your fuel costs significantly. Works on gas or diesel powered cars, vans, trucks, and SUVs. (Not tested on hybrids) Your car will become at least 40% more fuel efficient and produce cleaner emissions. Convert your car for the lowest price. Similar conversion kits cost up to …
Duration : 0:3:29
Tags: as, car, energy, for, Free, fuel, gas, Generator, Hydrogen, on, powered, runs, save, water, water4gas
Posted in Hydrogen from water | 9 Comments »
max news Hydrogen Boost
Written by admin on March 17, 2009 – 1:06 pm -
news
Duration : 0:4:22
Tags: Boost, car, Hydrogen, klein, magdrive, powered, super-gen, water
Posted in Hydrogen from water | No Comments »
Green Wheels: Lovecraft Biofuels
Written by admin on March 15, 2009 – 12:21 pm -
http://voom.tv/equatorhd/greenwheels Scientists are researching green transportation all over the world, but what about solutions you can drive off the lot? Enter Brian Friedman, founder of Lovecraft Biofuels. His company can convert any diesel engine to run on 100% vegetable oil. A straight conversion takes four hours and $700, but the fuel is free. They’ve already transformed more than 1000 cars and are also working on establishing fueling stations all across the country. We’ll drop in on …
Duration : 0:3:0
Tags: alternative, battery, biofuel, car, eco, electricity, fuel, gas, green, Jonathan, Levit, magician, oil, power, vegetable, wheels
Posted in Bio-fuels | 4 Comments »
new hydrogen torch & fuel for car gasoline save money
Written by admin on March 14, 2009 – 12:40 pm -
these are the shots i filmed with another camera. i’ve since integrated this high pressure hydrogen system with my on demand system to succesfully operate a car for long periods of time. i currently have 3 ebooks i sell on ebay under the user name powerzap69. or you can email me at powerzap69@yahoo.com for more info they explain all the info i have gathered so far on hydrogen. i also have several other ebooks on alternative energy sources like solar thermal, wind power. and generating …
Duration : 0:2:31
Tags: alternative, car, cost, Efficiency, Free, fuel, Fuels, Future, gas, gasoline, H2o, high, Hydrogen, money, new, Oxygen, pressure, Technology, torch, Truck, water, welding
Posted in Hydrogen from water | 25 Comments »
SECRETS OF STANLEY MEYER’S WFC – Lecture 1.1
Written by admin on March 14, 2009 – 12:40 pm -
Part 1 of a series of Lectures on Stanley Meyer’s Water Fuel Cell Technology. This video offers new insight into the funtioning of the Water Fuel Injection System, in an attempt to show how it’s possible to opperate an internal combustion engine using only water.
Duration : 0:9:1
Tags: BROWN'S, car, cell, energy, engine, Free, fule, gas, gasoline, green, HHO, Hydrogen, meyer, oil, powered, stanley, water
Posted in Energy technologies | 25 Comments »