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The Fraud Discovery Institute has launched a full investigation into Lennar Corporation which has been uncovering many allegations concerning fraudulant behavior. We will be keeping track of this news here.
Barry Minkow of the Fraud Discovery Institute outlines the Lennar "pattern of behavior" for fraud, in this video
Nearly $2 million of the $5 million raised by the opponents of Florida Hometown Democracy Amendment 4 since April comes from Wall Street’s biggest construction corporations — corporations that recently received billions in federal bailout money. Another $2.5 million funneled to the Political Committee opposing Amendment 4 during the past four months came from a who’s who of lobbying groups that represent the over-builders/speculators.
In 2004, faced with a "flood of capital" into real estate markets, the directors of the CalPERS investment fund, one of the largest pension funds in the country, made a fateful decision.
With yields plummeting, CalPERS sold off $16 billion of core assets and decided to shift $30 billion of the portfolio into "higher risk" real estate. At the same time, the fund, which represents California public employees, moved toward "a less formal authorization process," giving staff less control of the risky investments, according to a new report.
It has been awhile since we have posted anything online about the Hutto Parke situation. All allegations of fraudulent business practices still stand. Lennar has opted for a ruling in our local court (which has been filed again). After Lennar stomped their feet and demanded to
follow their arbitration clauses found in the contract, we find ourselves back in local court due to the bloated costs reflected in Lennar’s arbitration
FDI also releases stunning, never before seen clip from film allegedly confirming the falsification of a government document by Lennar Corporation (NYSE:LEN)
FDI Unveils Trailer Of Documentary Titled, Too Big To Go To Jail: The Lennar Story
FDI also releases stunning, never before seen clip from film allegedly confirming the falsification of a government document by Lennar Corporation (NYSE:LEN)
Updated Thursday, March 11, 2010 | 11:54 a.m.
Sun Archives
See the Lawsuit
* Homebuyers, union allege deception by builders (9-24-09)
Home building giants Pulte Homes Inc. and Lennar Corp. are suing Nevada Attorney General Catherine Cortez Masto, charging she improperly hired a union-affiliated law firm to investigate predatory mortgage lending allegations against the companies.
Just came across this on Lennron.com and thought I would add it to the collection of Lennar data we have acquired.
"Lennar (NYSE:LEN) fails to pay state tax lien of $88,000 at the same time they await a 320 million dollar federal tax refund. Lennar, a walking contradiction. Click Here for press release. Click Here to see the tax warrant.
January 7th, 2010, 3:25 pm· posted by Jeff Collins
Lennar Corp. expects to get a late Christmas present in the form of a $320 million tax refund.
But for that windfall, Lennar would have just reported its 11th consecutive quarter of red ink rather than its first profitable quarter in nearly three years.
