Posts Tagged ‘subprime mortgage’

Morgan Keegan accused of defrauding Mississippians of $30M

The Mississippi Secretary of State’s office estimates that Morgan Keegan has defrauded Mississippians of $30 million through selling risky, sub-prime mortgage-backed securities. The state, along with Alabama, Kentucky and South Carolina, has filed administrative charges against Morgan Keegan & Company and Morgan Asset Management. Due to unethical practices, Morgan Keegan lost approximately $2 billion in […] [...]

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