The United States Attorney's Office for the Eastern District of California represents the federal government in virtually all litigation involving the United States in the Eastern District of California. This includes all criminal prosecutions for violations of federal law, civil lawsuits by and against the government, and actions to collect judgments and restitution on behalf of victims and taxpayers. The Eastern District of California is one of the largest judicial districts in the country, both in terms of population and land mass. It has nearly seven million residents and encompasses six large urban areas: Sacramento, Fresno, Bakersfield, Stockton,Vallejo, and Fairfield. It extends over 87,000 square miles, 45% of which is federal land and includes 34 counties reaching from the Oregon border in the north down to Bakersfield in the south, and from the coastal mountains in the west, to the Nevada border in the east. (Click here for map.) The attorneys and staff of the U.S. Attorney's Office for the Eastern District of California are proud to represent residents of this large and culturally diverse district. It is the mission and the pledge of this office to represent the United States with determination, professionalism, and integrity.
Issue No. 45
The U.S. Attorney's
Report to the District
Last month I announced a civil settlement with JPMorgan Chase in a major national case involving the bank’s conduct in securitizing and selling billions of dollars of residential mortgage backed securities (RMBS) during the 2005-2007 time frame – conduct that helped trigger the financial crisis of 2008. The settlement, which involved multiple entities and cases, totaled $13 billion, of which $2 billion represented a fine to resolve potential charges by this office. It was the largest civil settlement in the history of this office, and the largest total single-company settlement ever by the Department of Justice.
As part of the settlement, JPMorgan acknowledged that the pools of mortgage loans which backed billions of dollars of non-prime RMBS included loans that the bank knew did not comply with the loan originators’ underwriting guidelines, were secured by properties with inflated appraisals, were supported by inaccurate loan-to-value or debt-to-income ratios, or were originated in violation of federal and state laws and regulations.
December 4, 2013
December 2, 2013
Elk Grove Police Department Contribution to the Mission of the U.S. Attorney's Office and DOJ Recognized
November 27, 2013
November 21, 2013