From Raw Story:
Two title officers employed by Lender Processing Services — one of the largest companies of its type, whose services are retained by virtually all of the top 50 banks in America — are facing lengthy jail sentences after a grand jury in Nevada on Wednesday handed down hundreds of felony counts against the pair for allegedly engaging in a scheme to file tens of thousands of fraudulent foreclosure documents.
Gary Trafford and Gerri Sheppard allegedly directed employees to notarize documents without a notary public present, provided false instruments for recording, and made false certifications, the state said. In all, 606 charges were filed against the two.
“The grand jury found probable cause that there was a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County Recorder’s Office between 2005 and 2008,” Chief Deputy Attorney General John Kelleher said in a media advisory.
Tags: mortgage meltdown, robosigning
