SEC charges ex-Fannie, Freddie CEOs with fraud
WASHINGTON (AP) — The Securities and Exchange Commission on Friday brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled investors about risky subprime loans the mortgage giants held when the housing bubble burst. Those charged include the agencies’ two former CEOs, Fannie’s Daniel Mudd and Freddie’s Richard Syron. They are the highest-profile individuals to be charged in connection wit...
Nevada tops nation in foreclosures for 59th month
LAS VEGAS (AP) — Nevada has posted the nation’s highest state foreclosure rate for the 59th straight month in November even while analysts say a new state law passed in October is keeping activity artificially low. For the second month in a row, the slowdown kept Las Vegas out of its former spot as foreclosure rate capital in the U.S. The city stands at No. 6. Data released Thursday by RealtyTrac Inc. shows 6,512 Nevada housing units saw a for...
10-year-old boy killed after Las Vegas shooting
LAS VEGAS (AP) — The Clark County coroner’s office has identified a 10-year-old boy killed after shots were fired at a Las Vegas home Tuesday afternoon. Medical examiner officials said Wednesday that they don’t have a cause of death for Kameron Asgari of Las Vegas. Police are investigating the shooting.
Woman pleads not guilty in robo-signing case
LAS VEGAS (AP) — A California property title officer pleaded not guilty Wednesday to more than 600 charges alleging she directed a “robo-signing” scheme involving tens of thousands of fraudulent foreclosure documents. A Clark County District Court judge in Las Vegas set bail at $50,000 for 62-year-old Geraldine Ann Sheppard. Nevada state attorney general investigators took Sheppard to the Clark County jail for processing. Her lawyer, Ken Julia...
21 lbs. pot in NHP drug bust on I-80 near Wells
ELKO (AP) — The Nevada Highway Patrol has arrested a 19-year-old California man found with 21 pounds of marijuana in his car during a weekend traffic stop on U.S. Interstate 80 near Wells. Trooper Jim Stewart says Omar Sanchez-Vera of Modesto was wanted on an outstanding felony drug warrant from Colorado. Troopers said they could smell the pot when they stopped him on Saturday. They took him into custody and an NHP K-9 did the rest. The Elko D...
1st suit filed in Vegas copter crash
LAS VEGAS (AP) — The first wrongful death lawsuit was filed Tuesday in Nevada on behalf of the families of a honeymooning couple from India killed in a Las Vegas sightseeing helicopter crash that also took the lives of the pilot and a Kansas couple celebrating their 25th wedding anniversary. The civil lawsuit names Las Vegas-based Sundance Helicopters Inc., the operator of the twilight flight that crashed Dec. 7 near Lake Mead. “The families a...