DOJ & FBI
- Appraisal Fraud – KB Home with the help of Landsafe and Countrywide Mortgage funneled appraisals to firms that inflated the value of homes….The DOJ joined in this whistle blower suit…lagow-complaint-secured
- From Huff Post (Reuters) – Lagow also spotted trouble with a joint venture between Countrywide and homebuilder KB Home, according to his suit. The builder would only work with select appraisers, who were inflating home values to make sure sales went through. KB Home declined to comment…..Kyle Lagow, Origininal Countrywide Financial Whistleblower Kept Secrete for Years
Former CEO of KB Home Convicted of Federal Fraud Charges Related to Stock Option Backdating