New Series: Robo-stories

True stories:

At an Arizona bankruptcy hearing I attended, a former IndyMac employee who had “signed” a questioned document flew in from California to testify that he did not sign the document, he was certain, he hadn’t worked there for over two years, he always signed in a certain style with a certain ink, and he was not aware that there was stamp made of his signature.  He was furious that they were stamping his name without his knowledge.  He was a very credible witness.  At the same hearing, after Deutsche Bank presented the third claimed “original” promissory note, the judge elected to keep the “original” in court custody, to avoid any further tampering.

Daily Finance has a good article today about Robo-Signers at Wells Fargo and Citi:

Full article here:

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