BUSTED: Law Firm That Held Foreclosure Themed Halloween Party Is Shutting Down

image

Three short weeks after its idiotic foreclosure-themed Halloween party became public when it was written up in The New York Times, law firm Steven J Baum is shutting down (via The Consumerist).

Apparently dressing up as homeless foreclosure victims and squatters, with decorations including blow-up foreclosed homes, is not cool. Seriously check out the pictures from Joe Nocera’s column.

Baum was also under fire for misleading foreclosure practices, which led to a $2 million fraud settlement, according to Buffalo Business First.

These complaints culminated in Fannie and Freddie cutting off business, a death blow for a firm specializing in foreclosures.

Check out 13 foreclosure horror stories >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.