CFPB Fines Lender For Hiding Mortgage Kickbacks As Rent Payments

CFPB Fines Lender For Hiding Mortgage Kickbacks As Rent Payments

The CFPB has ordered a Missouri mortgage lender to pay over $81,000 related to an illegal kickback scheme. [More]

Judges Sent Hundreds Of Teens To Private Detention Centers In Exchange For Millions

Judges Sent Hundreds Of Teens To Private Detention Centers In Exchange For Millions

Two Pennsylvania judges were sued in federal court this past week for allegedly taking $2.6 million in kickbacks from private juvenile detention facilities. In exchange, they sentenced hundreds of youths to the centers over the past 5 years. One of the judges, Mark Ciavarella, sent 1 out of 4 defendants to the centers, compared to a statewide rate of 1 in 10.

Best Buy Also Falls Victim To Embezzling Buyers

Best Buy Also Falls Victim To Embezzling Buyers

Another electronics store was taken for millions by an invoice-fixing scheme: a buyer for Best Buy and a vendor have been charged with overcharging Best Buy $31 million over four years.

Home Depot Fires Four Corrupt Managers After Receiving Anonymous Tip

Home Depot Fires Four Corrupt Managers After Receiving Anonymous Tip

Don’t doubt the power of the unidentified tipster: Home Depot recently sacked four corrupt purchasing managers accused by a whistleblower of taking bribes. In exchange for the payoffs, the managers arranged for Home Depot to stock tiles and other flooring products from Asia. From the AP:

Universities Settle Allegations Of Citibank Kickbacks For Student Loan Referrals

Universities Settle Allegations Of Citibank Kickbacks For Student Loan Referrals

Eight universities agreed to stop accepting kickbacks from Citibank for private loan referrals, and five agreed to refund a total of $3.27 mil to thousands of students, following an investigation by NY Attorney General Andrew Cuomo (pictured).