{"id":4973,"date":"2018-04-01T19:19:15","date_gmt":"2018-04-02T00:19:15","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4973"},"modified":"2022-03-22T15:06:10","modified_gmt":"2022-03-22T20:06:10","slug":"barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/","title":{"rendered":"Barclays Settles DOJ\u2019s Mortgage-Backed Securities Fraud Case for $2B"},"content":{"rendered":"<p>\t\t\t\tBarclays Capital Inc. (BARC) and a number of its affiliates will pay $2B to settle the United States government\u2019s civil case alleging fraud involving the underwriting and issuance of residential mortgage-backed securities. The settlement comes after a three-year probe. The case is <em>US v. Barclays Capital Inc.<\/em><\/p>\n<p>The US accused Barclays of taking part in a fraud to sell three dozen residential mortgage-backed securities deals, causing investors to suffer billions of losses. More than $31B of Alt-A and subprime mortgage loans were securitized and over half of these went on to default. The RMBSs were sold leading up to the 2007 financial crisis.<\/p>\n<p>The bank and its affiliates allegedly misled investors about the quality of the loans backing the RMBS deals, including purposely misrepresenting key features of the loans that involved. The British bank, meantime, maintains that it did not mislead investors about the quality of the loans. The government, however, contends that Barclays committed wire fraud, mail fraud, bank fraud, and violated the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/#more-4973\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barclays Capital Inc. (BARC) and a number of its affiliates will pay $2B to settle the United States government\u2019s civil case alleging fraud involving the underwriting and issuance of residential mortgage-backed securities. The settlement comes after a three-year probe. The case is US v. Barclays Capital Inc. The US accused Barclays of taking part in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3756,3752,3741],"tags":[2842],"class_list":["post-4973","post","type-post","status-publish","format-standard","hentry","category-barclays-capital","category-financial-firms","category-securities-fraud","tag-residential-mortgage-backed-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Barclays Settles DOJ\u2019s Mortgage-Backed Securities Fraud Case for $2B | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"Barclays Capital Inc. (BARC) and a number of its affiliates will pay $2B to settle the United States government\u2019s civil case alleging fraud involving the &#8212; April 1, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Barclays Settles DOJ\u2019s Mortgage-Backed Securities Fraud Case for $2B | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"Barclays Capital Inc. (BARC) and a number of its affiliates will pay $2B to settle the United States government\u2019s civil case alleging fraud involving the &#8212; April 1, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Barclays Settles DOJ\u2019s Mortgage-Backed Securities Fraud Case for $2B | SSEK Law Firm Blog","description":"Barclays Capital Inc. 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(BARC) and a number of its affiliates will pay $2B to settle the United States government\u2019s civil case alleging fraud involving the &#8212; April 1, 2018","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Barclays Settles DOJ\u2019s Mortgage-Backed Securities Fraud Case for $2B","datePublished":"2018-04-02T00:19:15+00:00","dateModified":"2022-03-22T20:06:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/"},"wordCount":452,"keywords":["residential mortgage-backed securities fraud"],"articleSection":["Barclays Capital","Financial Firms","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/","url":"https:\/\/www.investorlawyers.com\/blog\/barclays-settles-dojs-mortgage-backed-securities-fraud-case-for-2b\/","name":"Barclays Settles DOJ\u2019s Mortgage-Backed Securities Fraud Case for $2B | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-04-02T00:19:15+00:00","dateModified":"2022-03-22T20:06:10+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Barclays Capital Inc. 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