Securities that contain loans for properties like hotels and office buildings have inflated profits, the whistleblower claims. As the pandemic hammers the economy, that could increase the chances of another mortgage collapse.
Kevin Woods owns BBEK Environmental, a company that was sub-contracted to remove asbestos from demolished homes by the Detroit Land Bank Authority. He faces multiple criminal charges.
Among the many important themes in his March 1, 2022, State of the Union address, President Joe Biden declared that "the watchdogs are back," when he announced that the Department of Justice (DOJ) would appoint a Chief Prosecutor for pandemic fraud.