The above named defendants are accused of bribery, extortion, wire and mail fraud, racketeering, and conspiracy to commit crimes in connection with the McCook Metals bankruptcy case in Chicago . IFFOC has uncovered what it believed to be a $40 million bribery fund used by Seyfarth Shaw and General Electric Commercial Finance (GECC) to pay judges for favorable verdicts in the Seventh Circuit and Cook County courts. (Press release)
While many victims of fraudulent foreclosure battle for years, tens of thousands of others give up and let the bank have their property. They figure they have no chance against what many say is a corrupt system and they don’t even try.
