Tag Archives: Miami litigation attorneys

Is Google Guilty of Antitrust Violations?

January 27th, 2012

After Google unveiled its new feature known as “Search Plus Your World”, some antitrust experts are worried that the search giant has stepped over the line.

Google’s new search tailors its results to individual users by using Google’s social network, Google+. When used, the new search contains results from Google+ posts and profiles. Absent from the results are anything from the much larger Twitter and Facebook.

“Google runs a very high risk of being found in violation of antitrust and competition laws,” said Ted Henneberry, a partner at Orrick, Herrington & Sutcliffe’s antitrust group. “The issue raised by Google’s new announcement is how it potentially increases its dominance and furthers its discriminatory treatment of rivals.”

Google defends itself by saying that users benefit from Search Plus Your World, and points out that the company has no legal obligation to boost its rivals’ services.

“The laws are designed to help consumers benefit from innovation, not to help competitors,” said Adam Kovacevich, a spokesman for Google.

The difficulty with Google’s position, though, is that it can most likely be defined as a monopoly. With control of over two-thirds of the U.S. search market, experts say it is legally within the realm of monopoly.

We wonder whether anyone will pursue Google on antitrust violations, and if so, what the result will be.

Sarelson Law Firm – Miami litigation attorneys

 

Posted in Consumer Protection, Unfair Competition / Antitrust | Tagged , , | Leave a comment

$2.5 Million Reverse Mortgage Scam Sentencing

November 14th, 2011

A U.S. District Court Judge in Ft. Lauderdale, Fla., has sentenced a loan officer and a title agent for their contribution to a nationwide $2.5 million reverse mortgage fraud scheme.

Home Equity Conversion Mortgages, commonly referred to as reverse mortgages, allow people who are over the age of 62 convert the equity in their homes to a monthly stream of income. In a reverse mortgage, the lender purchases the equity in the home and makes installment payments to the borrower.

The two defendants, Kimberly Mackey, 47, of Pittsburgh, and Marcos Echevarria, 29, of Palm Beach, Fla., helped defraud unwitting borrowers, Genworth Financial Home Equity Access Inc. and the Federal Housing Administration (FHA). With two other cohorts, who remain to be sentenced, they created a system that allowed them to pocket the loan proceeds without paying off the borrowers mortgages.

The judge sentenced Mackey to 60 months in prison, five years of supervised release and ordered her to pay more than $1.6 million in restitution, and sentenced Echevarria to 24 months in prison, five years of supervised release and ordered him to pay more than $1.6 million in restitution.

Targeting the elderly, who often do not even realize what consumer protections are available to them, is deplorable.

Do you suspect you have been the victim of a reverse mortgage scam, or that an elderly loved one is being scammed? Our Miami litigation attorneys are here to answer the questions you have about your legal options.

Sarelson Law Firm – Miami litigation attorneys

 

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