Wells Fargo will be laying off over 600 mortgage employees across the country. This layoff will be the largest for Wells Fargo this year.
The layoffs have been concentrated to the areas of Orlando, Florida; Ranch Cordova California; Colorado Springs, Colorado; and Charlotte, North Carolina.
If you are facing a foreclosure and you don’t know what to do, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com
The Securities and Exchange Commission charged Greenview Investment Partners L.P and its founder, Michael E. Cone, yesterday with defrauding investors by promising 24% annual returns from cannabis related investments. Cone has also been criminally charged and has had approximately $1.4 million worth of cash and assets seized.
According to the SEC complaint, Cone concealed his prior criminal convictions by using an alias and lied about having a former agent from the U.S Drug Enforcement Administration on staff, and falsely claimed to have a long record of profitably investing millions into cannabis-related businesses.
Cone allegedly spent investors money on designer clothes and luxury cars.
Cone settled the SEC’s charges by agreeing to an officer-and-director bar and a permanent injunction.
If you have been a victim of fraud contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com
Consumers filing for bankruptcy in 2017 reported assets of $80 billion and total liabilities of $105 billion, according to an annual report filed by the Judiciary with Congress.
The report describes the activities of individuals with predominately consumer debt. Other highlights of the report include:
- 62% of assets were real property.
- The median average income reported by debtors was $2,701 a month, and the median monthly expenses were $2,645.
- A total of 742,323 consumer bankruptcy petitions were filed in 2017, 1% fewer than in 2016.
- 61% of the petitions were filed under Chapter 7.
If you are thinking about bankruptcy call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com
It is possible to establish self-defense as a matter of law, but “only when the evidence…[of] the necessary elements of self-defense is clear and undisputed should our courts order acquittal,”.
When the prosecutor offers evidence that, if believed, negates an element of self-defense, the defendant must then carry the burden of persuasion.
Evidence of the defendants conduct before, during, and after a shooting was relevant to show defendant’s mental state during the shooting.
If you have been charged with a crime and would like to talk to an attorney, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Evidence of the contraband – some of it in a locked safe – in the Defendant’s room, supported a finding that Defendant possessed that contraband. Just because some of the contraband was the roommate’s doesn’t mean that it wasn’t your contraband because it was in your safe.
If you are having legal difficulties and would like to contact our law office, you can do so by calling 816-524-4949 or go to our website at Hoorfarlaw.com
Rapper Da Brat has filed for Chapter 11 bankruptcy revealing her assets are worth $108,700.65 but her liabilities total to over $7.7 million.
Her liabilities include $6.4 million owed to former cheerleader Shayla Stevens who won a judgement after the rapper hit her with a bottle in a nightclub.
The rapper owes another $1.2 million to Sony Music, and 12K to Ally Bank. She also has $2,284 in credit card debt and $2,284 owed to the Georgia Department of Revenue. As well as an unknown amount owed to the IRS.
The bankruptcy is still pending.
If you are thinking of filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com
U.S household debt continued to increase in the second quarter, propelled by an advance in mortgage borrowing, according to a Federal Reserve Back of New York report that also noted a decline in seriously delinquent student loans, Bloomberg News reported.
Total household debt rose 3.5 percent from a year earlier to a record $13.3 trillion, and mortgage debt rose 3.5 percent to $9 trillion. The majority of newly originated mortgages correlated to people with the highest credit scores, (760 or higher).
However loans slipping into delinquency fell to 4.52 percent. which is the lowest data since 2003. The drop was primarily due to student loans.
If you are struggling with debt, feel free to contact our offices at (816)-524-4949 or visit our website at Hoorfarlaw.com
Reuter’s recently reported that a hedge fund owned by Sears CEO Eddie Lampert has offered to buy the Kenmore brand for $400M in cash.
The offer was made in a letter to Sears’ board last week on August 14th.
ESL Investments has also made an offer to by the appliances brand for as much as $80M, also in cash.
Lampert stated in April that Sears should sell its Kenmore brand, home improvement businesses and real estate, and that ESL Investments would bid in any sale.
Sears formed a special committee in May to explore the proposal.
If you have a struggling business, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
The IRS communicates with taxpayers in several different ways. In order to avoid becoming a victim of a scam, take the time to review how they can contact you.
The IRS does NOT normally contact taxpayers by email, and they do not engage with taxpayers via social media or text.
When reaching a taxpayer, the IRS typically sends letters via the U.S. Postal Service before anything else. Watch out for fraudulent mail claiming the IRS has already contacted you.
The IRS frequently makes visits to personal homes to discuss tax delinquencies, but they will never request payment to anywhere other than the U.S. Treasury. Always ask IRS representatives to present two forms of ID; this will include a pocket commission and a personal identity verification credential.
If you require tax help or are struggling with debt, do not hesitate to contact our offices at 816-524-4949 or visit our website at Hoorfarlaw.com.
Former NBA player Kermit Washington, known for punching Rudy Tomjanovich’s face fracturing it and leaving him unconscious, was sentenced to six years in federal prison.
Washington was convicted after spending charity money on vacations, shopping and plastic surgery for his girlfriend. Washington told donors that 100% of the donations were going to benefit medical practices in Africa for HIV positive children. In fact, most of the spending was personal; he is also being fined $967,158 in restitution.
The 66 year old Vegas man pleaded guilty in November to both making a false statement in a tax return as well as aggravated identity theft.
If you have any questions about tax fraud feel free to contact our offices at 816-524-4949 or visit our website at Hoorfarlaw.com.