 In May 2012, New York prosecutors from the Manhattan District Attorney's office indicted the bank and 19 of its employees on charges of fraud in relation to hundreds of millions of dollars' worth of mortgages that had been sold to Fannie Mae between 2005 and 2010.The bank was accused of falsifying loan applications so that borrowers would qualify for mortgages.Abacus argued that it uncovered the improper behavior itself, reported it to the regulator, and fired the employee in question.