The Federal Bureau of Investigation is looking into whether former executives of a failed Wisconsin-based lender moved bad subprime mortgages off the books of a company they owned and onto the books of their employer. Losses from the failed firm are estimated at as much as $10 million, and its receiver is planning legal action tied to money that might have been illegally taken.
This story is no longer available.
However, a copy might still be available at www.jsonline.com