Calabasas, CA (PRWEB) June 16, 2011
Philip Kramer, lead attorney at the Law Offices of Kramer and Kaslow commented on a Huffington Post write-up that reported about confidential federal audits of the nation’s largest banks.

A set of confidential federal audits accuse the nations 5 largest mortgage businesses of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post. The 5 separate investigations have been performed by the Division of Housing and Urban Developments inspector general and examined Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the sources stated.

According to the Huffington Post, The audits accuse the five key lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government.

The audits have been completed between February and March, sources mentioned. According to the Huffington Post, The internal watchdog office at HUD referred its findings to the Division of Justice, which should now determine whether or not to file charges.

Philip A. Kramer, an lawyer who represents hundreds of consolidated plaintiff litigation clients in lawsuits against six main lending institutions observes that, It is really an irony that the exact same tools the banks utilized to abuse homeowners are now getting employed against them. If the reports are precise, and I have no purpose to believe they are not, then it appears most likely that the government will use the banks wrongdoing to leverage a much more substantial resolution for aggrieved homeowners.

More of Phil Kramers observations can be located at the Kramer and Kaslow blog.

ABOUT PHILIP KRAMER
PHILIP A. KRAMER is the senior companion of the Law Office of Kramer & Kaslow, in Calabasas, California. Kramer & Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on organization litigation, and real home matters. He has prosecuted and defended cases for over twenty 5 years.

Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal solutions in connection with genuine estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental troubles, easements, construction and improvement, finance, and landlord tenant matters.

Mr. Kramer is admitted to practice just before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 situations. He has appeared on nationally televised programs with regards to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of numerous legal and enterprise problems.

Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing professionalism and civility back into the legal profession. He also serves on numerous Boards of Directors and serves as an officer in many businesses. For far more info get in touch with (818) 224-3900 or go to http://kramer-kaslow.com

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