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re: BR contractor Matt Morris indicted on 135 counts of fraud so far

Posted on 4/10/17 at 8:12 pm to
Posted by Mudminnow
Houston, TX
Member since Aug 2004
34150 posts
Posted on 4/10/17 at 8:12 pm to
Wells Fargo is very shady. Wouldn't surprise me at all the inspectors were taking bribes. Now to prove it may take some work.
Posted by Arkla Missy
Ark-La-Miss
Member since Jan 2013
10288 posts
Posted on 4/10/17 at 8:42 pm to
quote:

Wells Fargo is very shady. Wouldn't surprise me at all the inspectors were taking bribes. Now to prove it may take some work.

Yeah, I wondered about WF when a friend of mine told me about her husband's stint in federal prison years ago for ripping off the government by making phony loans. He was working for someone else, not WF, when he did it, but WF was the only company who'd hire him when he got out; no one else in the mortgage/lending business would hire him even for a janitor's position. I made a mental note of that when she told me.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167693 posts
Posted on 4/10/17 at 10:32 pm to
quote:

Wouldn't surprise me at all the inspectors were taking bribes



The final say isn't up to just the inspectors. The inspectors are sub's from a company like Land Gorilla but WF has in house review teams that take all the data into account before issuing funds. The guy possibly bribing the inspectors could have helped some but this touches a lot of hands before money is released which means Wells had a lot of points of failures.
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