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Schneiderman Reaches Another Settlement on Foreclosure Fraud, This Time With Defunct Steven J. Baum Law Firm (Firedoglake)
Stephen J. Baum, the New York-based foreclosure mill law firm which drew
attention last year after photos cropped up from a Halloween party featuring
its employees dressed as homeless people, reached a settlement with the New
York Attorney General Eric Schneiderman over the filing of unverified,
unsubstantiated and outright fabricated documents with state courts. Under the
settlement, Steven J. Baum will pay a $4 million fine and its top two
attorneys, Baum and Brian Kumiega, may not handle foreclosure cases for
lenders or servicers in New York state courts for two years. This is on top of
a $2 million fine Baum paid to the US Attorney for the Southern District of
New York last October. Baum will share the fine with Pillar Processing, the
document processor it used on the vast majority of cases. Once again, Baum
will not have to admit or deny wrongdoing in the case, and while this is the
largest fine of a foreclosure mill law firm in the history of this foreclosure
fraud saga, that's not saying much.
Firedoglake
