Bill McCollum News
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Alejandrino Honorato’s journey began with a smuggler who led him across the Rio Grande, into the Texas desert with little food or water and finally to a field where he picked tobacco to pay his passage. Living illegally in a labor camp, he didn’t know lawmakers in Washington were deciding his future.
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Florida Attorney General Bill McCollum, who is investigating foreclosure practices, has met with the five mortgage companies he called on to “redeem the integrity” of home seizures in the state.
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Former hospital executive Rick Scott , who spent almost $40 million on his campaign for Florida governor, upset Attorney General Bill McCollum in the Republican primary and will face the state’s chief financial officer, Democrat Alex Sink , in the general election.
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Ally Financial Inc. and PNC Financial Services Group Inc. discussed their foreclosure practices yesterday with the Florida attorney general’s office, which is investigating problems with home seizures in the state.
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In 2002, an accountant in Boca Raton, Florida, named Joseph Lents was accused of securities-law violations by the U.S. Securities and Exchange Commission. Lents, who was chief executive officer of a now-defunct voice- recognition software company, had sold shares in the public company without filing the proper forms. Facing a little over $100,000 in fines and fees, and with his assets frozen by the SEC, Lents stopped making payments on his $1.5 million mortgage.
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Home to more foreclosures than 47 U.S. states, Florida sought to clear out its backlog with a system of special court hearings that dispensed with cases quickly, sometimes in less than a minute, Bloomberg News’ David McLaughlin reports.
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Three former UBS AG executives who pleaded guilty or were sentenced in U.S. courts over a 24-hour period put the largest Swiss bank in a different light than its website touting the skill and professionalism of its bankers.
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A former paralegal told Florida investigators that workers at a law firm that processed foreclosures signed paperwork without reading it, misdated records and skirted rules protecting homeowners in the military.
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Home to more foreclosures than 47 U.S. states, Florida sought to clear out its backlog with a system of special court hearings that dispensed with cases quickly, sometimes in less than a minute.
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JPMorgan Chase & Co., the second- biggest U.S. bank by assets, agreed to pay Florida $25 million to settle allegations it sold unregistered securities to a state-run municipal money-market fund that suffered a run on deposits because it held defaulted debt.
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