CAPITAL ONE FINANCE: ANOTHER AIG OR ENRON?

I'm not qualified to say this as fact. However, from the look of these on-line sites complaining or seeking legal action against CAPITAL ONE FINANCE, maybe. I'll let you be the judge. In any case, judging from the number of problems I found on Google, CAPITAL ONE FINANCE and their employees need to clean up their act.

Were I a stockholder, I would be DEMANDING it. With our economy the way it is currently, WOULDN'T YOU?


PLEASE READ WHAT OTHERS SAY ABOUT THEIR EXPERIENCES WHEN HAVING CAPITAL ONE AS THEIR LENDER.

http://www.capital1card.com/CapitalOne200110.htm

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http://www.ripoffreport.com/Search/Capital+One.aspx (There are Approximately 8,772 Reports Found at this site alone.)

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http://search.complaints.com/search?btnG=Search%2BComplaints.com&output=xml_no_dtd&sort=date%253AD%253AL%253Ad1&client=complaints&oe=UTF-8&ie=UTF-8&proxystylesheet=complaints&site=complaints&q=Capital+One+Finance&x=30&y=11

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http://www.emediawire.com/releases/2009/08/prweb2751104.htm

http://www.prnewsnow.com/Public_Release/Consumer/Lawsuit_Filed_Against_Capital_One_Bank_Regarding_Increase_In_Credit_Card_Interest_Rates_288183.html

http://www.newstin.com/tag/us/139162733

If you wish to discuss this action or have any questions concerning this press release, please contact E. Adam Webb., Esq. by e-mail at contact @webbllc.com or by calling (770)444-9325. The case, styled Lemond v. Capital One Bank (USA), N.A., is pending in the United States District Court for the Northern District of Georgia and has been assigned Case Number 1:09-CV-01582-RWS.

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Ex-Capital One CFO Settles Insider-Trading Charges

Law360, New York (November 20, 2006) -- The former chief financial officer of credit card issuer Capital One Financial Corp. will pay $1.8 million and accept a five-year ban on serving as an officer or director of a public company to settle insider-trading and fraud charges, the Securities and Exchange Commission said on Monday.

The commission’s complaint, which was filed with the U.S. District Court for the District of Columbia in July 2004, charged David Willey with insider trading.

The former chief financial officer of credit card issuer Capital One Financial Corp. will pay $1.8 million and accept a five-year ban on serving as an officer or director of a public company to settle insider-trading and fraud charges, the Securities and Exchange Commission said.

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Lawsuits Against Creditors Reach Record Levels
Aug 19, 2009 ... Kelly on Lawsuits Against Creditors Reach Record Levels ... mean that the illegal practices of collection agencies are finally being taken to task. ... Capital One violated Texas law and that of the Federal reserve bank. ...
www.creditinfocenter.com/.../lawsuits-against-creditors-reach-record-levelsy/ -

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CAPITAL ONE SETTLES AGE-DISCRIMINATION LAWSUIT.(Capital One Financial Corp.)(Brief Article)

CAPITAL ONE SETTLES AGE-DISCRIMINATION LAWSUIT.(Capital One Financial Corp.)(Brief Article)

| June 13, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.

Capital One Financial Corp. announced this afternoon that it has settled an age-discrimination lawsuit brought by a group of its former employees, but the McLean, VA-based issuer and the other parties involved declined to disclose the settlement's terms. "We are pleased to have resolved this case on a mutually beneficial basis," a Capital One spokesperson said in a statement.

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Ex-Capital One employee files whistleblower lawsuit
Thu Jun 12, 2008 6:08pm EDT

NEW YORK (Reuters) - A former underwriter who says she was forced to resign after blowing the whistle on fraud at Capital One Financial Corp's (COF.N) subprime mortgage unit filed a $51 million lawsuit against her former employer on Thursday.

According to the suit filed in U.S. District Court in Manhattan, Rachel Steinmetz said she was forced into an "involuntary resignation" by her superiors in retaliation for refusing "to approve fraudulent, unlawful and bad loans" and reporting the activities to her superiors and authorities.

Capital One did not immediately return a call seeking comment.

Steinmetz had worked as a senior underwriter at GreenPoint Mortgage before its December 2006 acquisition by Capital One, according to the lawsuit.

She claims she was forced by superiors to approve loans that contained fraudulent information and that her bosses waited until she was out of the office to approve loans that she had denied.

In June 2006, she said she was forced to resign after her employers made her work environment intolerable.

Steinmetz reported her concerns about illegal activity to the New York State Banking Department and accused her former employer of violating Sarbanes-Oxley and banking "whistleblower" protections by forcing her to resign, according to the lawsuit.

Capital One shuttered GreenPoint Mortgage last August in the midst of the subprime mortgage crisis. It had acquired the unit less than a year earlier as part of its $13.2 billion deal for North Fork Bancorp Inc.

Steinmetz is seeking compensation for lost wages, bonuses and benefits of no less than $1 million and punitive damages of at least $50 million, plus interest and costs, according to the suit.

(Reporting by Emily Chasan and Bill Berkrot; editing by Jeffrey Benkoe)

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Finkelstein, Thompson and Loughran Files Class Action Lawsuit Against Capital One Financial Corp.

WASHINGTON, Aug. 8 /PRNewswire/ -- On August 5, 2002, Finkelstein,
Thompson & Loughran filed a securities fraud class action lawsuit in the
United States District Court for the Eastern District of Virginia, on behalf
of purchasers of the securities of Capital One Financial Corporation ("Capital
One" or the "Company") (NYSE: COF) (http://finance.yahoo.com/q?s=cof&d=t)
between January 15, 2002 and July 16, 2002, inclusive (the "Class Period").

The complaint alleges that defendants violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934, and SEC Rule 10b-5, by issuing a series
of materially false and misleading statements relating to the nature of
Capital One's business operations, which caused Capital One's stock price to
become artificially inflated.

During the Class Period, Capital One announced that each quarter resulted
in record revenues and earnings and that the Company was well-capitalized and
had attained an excellent credit performance. However, the complaint alleges
that these reports were materially false and misleading because Capital One
omitted that, in breach of regulatory guidelines released on January 31, 2001,
it had been under-reserving for subprime loans and was undergoing severe
infrastructure inadequacies, with respect to its credit-risk assessment and
the Company's information system.

When it was revealed that federal regulators had instructed the Company to
increase its loan loss reserves and improve the technology that Capital One
uses to provide loans and credit cards to subprime consumers, the price of
Capital One common stock plunged, declining 39% from a close of $50.60 per
share on July 16, 2002, to close at $30.48 per share on July 17, 2002.

Plaintiff seeks to recover damages on behalf of all those who purchased or
otherwise acquired Capital One securities during the Class Period and is
represented by the law firm of Finkelstein, Thompson & Loughran, of
Washington, DC. Finkelstein, Thompson & Loughran has over thirty years of
securities litigation experience, has broad experience in representing
defrauded investors in shareholder class actions, and has been appointed to
lead positions in many such actions in federal and state courts throughout the
United States.

If you bought or otherwise acquired securities of Capital One between
January 15, 2002 and July 16, 2002, you may request that the Court appoint you
as lead plaintiff. A lead plaintiff is a person who acts on behalf of other
class members in directing the litigation. Any member of the proposed class
who wishes to move the Court to serve as lead plaintiff must do so no later
than September 17, 2002. In order to serve as lead plaintiff, you must meet
certain legal requirements. If you have any questions concerning this notice
or your rights or interests, please contact Conor R. Crowley or Donald J.
Enright with Finkelstein, Thompson & Loughran, at 202-337-8000, or by e-mail
at crc@ftllaw.com or dje@ftllaw.com.


Ex-Capital One employee files whistleblower lawsuit for $51,000,000
Posted on August 21, 2008 by bankingwhistleblower
Thu Jun 12, 2008 5:49pm EDT

NEW YORK, June 12 (Reuters) – A former underwriter who says she was forced to resign after blowing the whistle on fraud at Capital One Financial Corp’s (COF.N: Quote, Profile, Research, Stock Buzz) subprime mortgage unit filed a $51 million lawsuit against her former employer on Thursday.

According to the suit filed in U.S. District Court in Manhattan, Rachel Steinmetz said she was forced into an “involuntary resignation” by her superiors in retaliation for refusing “to approve fraudulent, unlawful and bad loans” and reporting the activities to her superiors and authorities.

Capital One did not immediately return a call seeking comment.

Steinmetz had worked as a senior underwriter at GreenPoint Mortgage before its December 2006 acquisition by Capital One, according to the lawsuit.

She claims she was forced by superiors to approve loans that contained fraudulent information and that her bosses waited until she was out of the office to approve loans that she had denied.

In June 2006, she said she was forced to resign after her employers made her work environment intolerable.

Steinmetz reported her concerns about illegal activity to the New York State Banking Department and accused her former employer of violating Sarbanes-Oxley and banking “whistleblower” protections by forcing her to resign, according to the lawsuit.

Capital One shuttered GreenPoint Mortgage last August in the midst of the subprime mortgage crisis. It had acquired the unit less than a year earlier as part of its $13.2 billion deal for North Fork Bancorp Inc.

Steinmetz is seeking compensation for lost wages, bonuses and benefits of no less than $1 million and punitive damages of at least $50 million, plus interest and costs, according to the suit. (Reporting by Emily Chasan and Bill Berkrot; editing by Jeffrey Benkoe).


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"People need to know just who is "in their wallets" and the tactics they have previously used on others in their attempts to STAY THERE."