November 6, 2017
- Three non-tribal couples attempted to challenge Washington’s property tax; however, a federal judge dismissed the claims due to the state’s lack of enforcement. Further, the couple has not attempted to use their tribe’s tribunal system nor any administrative process. As support for their claims, the couples cite the marketability of their homes.
- Two men pled guilty to their role in a scheme to defraud banks which yielded the pair $3.5 million in illegally earned income. Simon Curanaj, 62 and Michael Arruoyo, 59 pled guilty in a federal court in the first week of November. Their cunning scheme entailed obtaining home equity loans from banks, a practice known as “shotgunning.”
- Moody’s Investor Service Inc.(Moody’s) is back in federal court for their ratings on mortgage-backed-securities which misled investors and consumers. Federal Home Loan Bank of Boston, re-initiated a suit against Moody alleging the entity falsely stated “the quality of $5.7 billion in risky mortgage-backed securities.“