Friday, January 20, 2012

Bank Foreclosure Fraud - Exhibit VIII - Credibility Behind The Charges

Against . . .

That which follows evidences Spencer C. Young’s extensive expertise in banking and commercial mortgages, thereby underscoring the credibility behind the damning allegations against Paragon Commercial Bank and their attorneys Poyner & Spruill, resulting in a 31-count indictment, reflecting the manifestation of twenty separate elements of fraud in what was . . .

These include some Commercial Mortgage Backed Securities ("CMBS") trade articles, brochures associated with some of Mr. Young's professional speaking engagements, as well as professional evaluations received during his tenure as a commercial real estate investment banker at the “Houses of Morgan” – to wit, JPMorgan and Morgan Stanley, where he headed up their respective CBMS finance & securitization businesses (a/k/a CMBS conduits), and completed . . .

. . . $ 32 Billion in Transactions &
The #1 Ranking in CMBS Issuance

[ Note:  Reflected Above Is A Typical Morgan Stanley Trade Publication Advertisement  ]

The supporting documents included in this Exhibit are segregated into five sections, the context of which are summarized below, and can be accessed via hyper-links denoted in the "Section" column.




1 - 6
Evaluations from various colleagues at JPMorgan and Morgan Stanley over the years
Comments include:
·      “he's particularly good [at what he does] because of his knowledge of the commercial mortgage loan product and experience with financial institutions”
·      very effective at using his vast product knowledge to win business”
·      “has excellent [commercial mortgage] product/business knowledge and stays on the cutting edge of the market”
·      “has a solid background in financial institutions”
·      “has had a major impact on the organization”
·      “[clients have] the highest level of confidence and trust in [him]”
·      “is in a class of his own [and] has the respect and confidence of both clients and peers”
·      “clients think very highly of his opinion and ideas”
·      “is perceived highly for his knowledge and integrity
·      “in every case he is shown strong judgment
·       “clients find him credible and reliable; he enjoys strong relationships with a number of financial institutions”

7 - 19
Trade Articles on Commercial Mortgage Lending & Securitization
Various articles in the leading trade publications report on such items as: (1) JPMorgan heading the field shortly after Spencer C. Young founded the CMBS business there; (2) Mr. Young’s formation of the most “diverse and high-powered group of [financial institutions]”; (3) Mr. Young participation and viewpoints on a panel of experts discussing the fusion of Real Estate with Capital Markets at a Columbia-sponsored roundtable discussion; and (4) a front page article on Mr. Young’s plans for a fully-integrated real estate finance, securitization and investment program.

20 - 23
Listings of Chief Executives of the top CMBS Conduit Businesses
Various annual listings of the leading Wall St. Commercial Mortgage Lending & Securitization programs, along with their Chief Executives running those businesses, where Mr. Young is shown in that position for both JPMorgan and later Morgan Stanley.

24 - 30
Speaking Engagements Brochure Excepts and Topical Descriptions
Conference details of various buy-side and sell-side topics in Commercial Mortgage Lending & Securitization in which Mr. Young was featured as an expert in the field.

31 - 45
Notable Achievements in Commercial Real Estate Investment Banking
Includes: (1) Announcement of achieving #1 status as an underwriter of CMBS (Commercial Mortgage Backed Securities) while Mr. Young was running Morgan Stanley’s CMBS Conduit business; (2) details of the IQ® (“Institutional Quality”) brand of CMBS, which Mr. Young developed and trademarked, which was intrinsically worth in excess of $250 million; and (3) a humorous award presented to Mr. Young at one of the annual Mortgage Bankers Association conferences for developing a highly secretive “black box” underwriting and pricing model.

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