FDIC Demands $25M In Coverage For WaMu Mortgage Fraud
By Andrew Scurria ( April 14, 2014, 2:11 PM EDT) -- The Federal Deposit Insurance Corp. filed a federal lawsuit Friday seeking $25 million in coverage under three financial institution bond policies to defray losses defunct Washington Mutual Bank suffered in a criminal New York real estate fraud run by an associate of disgraced U.S. Rep. Randy "Duke" Cunningham....
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