Summary
An Allegheny County couple has filed a class action lawsuit accusing board members and top executives of secondary mortgage market giant Federal National Mortgage Association, or Fannie Mae, of defrauding thousands of investors during an 11-month period ending Wednesday.
The suit states that Grace and Leonard Jesteadt of Reserve on May 19, purchased 6,000 shares of Fannie Mae preferred stock for an aggregate price of $150,000. They could not be reached for comment.See the full content of this document
Extract
Reserve Couple Accuse Fannie Mae of Fraud
Fewer than four months later, statements from Treasury Secretary He...
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