Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Tuesday, July 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

$3.9 Million|for False Claims

(CN) - Capmark Finance, a Pennsylvania-based commercial mortgage lender, will pay Uncle Sam $3.9 million to settle claims it made false statements on the construction of nursing homes insured by the Department of Housing and Urban Development.

Prosecutors accused Capmark of lying about borrowers' creditworthiness in two loan applications, to induce HUD to insure the loans, both of which defaulted. The nursing homes were Canoga Care Center in Canoga Park, Calif., and Hudson Valley Care Center in Ghent, N.Y..

Capmark filed for bankruptcyprotection in 2009, shortly after the complaint was filed.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...