Todd Marcus

Indeed, on Friday night, June 29, 2007, Todd Marcus, the attorney for M & T, admitted in a letter to the court that his client never made him aware of a secretive deal between the bank and HUD, in which HUD agreed to pay off not just these 50 fraudulent mortgages, but an astonishing total of 374 fraudulent mortgages worth some $500 million!Marcus previously represented to the court that M & T had no knowledge of any fraud in the origination of any of these loans.The deal between M & T was reached six years ago, according to a letter dated January 11, 2001.Although his law partner attended the meeting at which the deal was reached, Marcus told the court on Friday that he was not aware of the agreement or even the letter's existence until April of this year!
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"Last Friday's admission to the court by M & T attorney Todd Marcus

Indeed, on Friday night, June 29, 2007, Todd Marcus, the attorney for M & T, admitted in a letter to the court that his client never made him aware of a secretive deal between the bank and HUD, in which HUD agreed to pay off not just these 50 fraudulent mortgages, but an astonishing total of 374 fraudulent mortgages worth some $500 million!Marcus previously represented to the court that M & T had no knowledge of any fraud in the origination of any of these loans.The deal between M & T was reached six years ago, according to a letter dated January 11, 2001.Although his law partner attended the meeting at which the deal was reached, Marcus told the court on Friday that he was not aware of the agreement or even the letter's existence until April of this year!
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"Last Friday's admission to the court by M & T attorney Todd Marcus concerning these 50 fraudulent mortgages, as well as the 324 other ones, not only propels the whistle-blower lawsuit forward," Gordon said, "but could also result in a number of criminal indictments."