Business

A lawyer for mortgage fraud whistleblower Lynn Szymoniak said it was odd why the US government decided to not pursue the second mortgage fraud case his client has brought up against several lenders considering that the US government's campaign to seek out banks who peddled mortgage-backed securities is still ongoing.

Bloomberg reported that former Anglo Irish Bank executives Pat Whelan and Willie McAteer will be handed out their sentences today for their involvement in a scheme loaning 450 million euros or $623 million to property developers to buy back the bank's shares from a shareholder.

Bloomberg said that the final arguments tomorrow on the second US patent infringement trial could determine whether Apple Inc's intention all along was to mar the position of Google Inc as the top supplier of mobile smartphone software.