Blog Archive: December 2013

The U.S. House of Representatives recently passed an 85-line bill entitled the Swaps Regulatory Improvement Act of which 70 lines were drafted by Citigroup including two key paragraphs, according to emails reviewed by The New York Times, which marked the eighth bill passed by the House in 2013 designed to weaken the 2010 Dodd-Frank Act. As explained by The Times, the bill is “part of a broader campaign in the House, among Republicans and business-friendly Democrats, to roll back elements of...

On December 5, 2013, the ACLU and other nonprofit organizations filed a federal lawsuit under the Freedom of Information Act (FOIA) against the Federal Housing Finance Agency ("FHFA"), which was created by Congress via the Housing and Economic Recovery Act of 2008 with a mandate to assist with the recovery of the housing market, as well as to regulate Fannie Mae and Freddie Mac. The lawsuit is styled as Alliance of Californians for Community Empowerment, et al. v. Federal Housing Finance Agen...

Attorney Anthony Livoti, Jr. of Ft. Lauderdale was recently convicted by a Miami federal jury “of conspiracy to commit wire and mail fraud, conspiracy to commit money laundering, and mail fraud” as “the result of Livoti’s participation in a scheme to defraud approximately 30,000 victims who invested in the viatical and life settlement company Mutual Benefits Corp. (MBC). “For nearly ten years, Anthony Livoti, Jr. used the prestige of his law license to further this massive, multi-mi...