2 nabbed in Bartica with cannabis

first_imgPolice ranks of F Division (Interior locations) have arrested two persons in Bartica, Region Seven (Cuyuni-Mazaruni) on Saturday afternoon after they were both found to be in possession of cannabis.A 36-year-old D’Urban Street, Georgetown, resident and a young woman were reportedly at the Bartica Ferry Stelling when they were seen acting in a suspicious manner; thus prompting Police ranks to conduct a search on their person.The search on the male inbound passenger unearthed 37 grams of cannabis concealed in a quantity of small sized transparent Ziploc bags in his possession.A further search conducted on the female unearthed 10 grams of cannabis. The duo was immediately arrested and taken to the Bartica Police Station where they are assisting with investigations.last_img read more

Mortgage Settlement Talks Stall Between US Wells Fargo

first_img in Daily Dose, Government, Headlines, News Settlement talks between Wells Fargo and the U.S. government over alleged mortgage insurance fraud have stalled, according to a media report.According to a report from Bloomberg, lawyers for both sides told a judge on Tuesday they’re doubtful about the chances of reaching an agreement on a suit alleging the bank fraudulently submitted loans for insurance through the Federal Housing Administration (FHA).The suit, brought against Wells Fargo in 2012, claims the megabank took advantage of its participation in an FHA insurance program to certify ineligible loans without needing approval from the agency. When those mortgages went under, the resulting defaults cost the program hundreds of millions of dollars, the government says.Citing an unnamed source, Bloomberg reports attorneys for both the United States and Wells Fargo said a settlement seems out of reach at this point, even after months of settlement talks.In a statement to Bloomberg, Wells Fargo spokesperson Tom Goyda said, “Our good-faith efforts to work with the federal government on a possible resolution of the complaint have not yet resulted in a settlement. We will move forward with presenting our case in support of our prudent and responsible FHA lending practices.”A spokesperson for U.S. Attorney Preet Bharara, whose office is pursuing the case, declined to comment. FHA Settlements Wells Fargo 2014-11-19 Tory Barringer November 19, 2014 470 Views center_img Mortgage Settlement Talks Stall Between U.S., Wells Fargo Sharelast_img read more