Thursday, January 12, 2012

Bank Foreclosure Fraud - FRAUD Element # 13 of 20 - Denying Rights to Legal Due Process (In Denmark?)

The last phase in the Worst Bank Foreclosure Fraud in U.S. History entailed TWENTY separate elements of FRAUD on mortgage loans that were:
  • ALWAYS paid before the monthly due date
  • NEVER delinquent
  • NEVER in default
  • And with regard to Mr. Young residence in Chapel Hill, NC, the subject mortgage loan was PAID-IN-FULL on the day he was violently evicted by a SWAT team of corrupt cops.
The 20 Elements of Fraud Were Perpetrated By . . .

. . . At the behest of . . .

. . . to cover-up the FRESCA crimes of MorganStanleyGate 

This entry covers . . .
 which involved . . .
Preventing Engagement of Legal Counsel
In Efforts to Deny Rights to Due Process

Spencer C. Young was denied due process and deliberately precluded from contesting this OBVIOUS FRAUD with clear, convincing and irrefutable evidence, which if allowed to be presented in ANY one of the many fraudulent foreclosure proceedings would have debunked the absurd and completely fabricated claims of the Paragon Commercial Bank and exposed their audacious FRAUD. 

This denial of due process was the result of three factors:
  1. Paragon Commercial Bank and Poyner & Spruill prevented Mr. Young from engaging an attorney;
  2. North Carolina law requires corporations be represented in civil legal matter ONLY by attorneys licensed in North Carolina; and therefore,
  3. Paragon's entirely fraudulent foreclosures proceeded UNCONTESTED !!
Something Is Rotten In Denmark . . .
. . . if foreclosures on $20 million in real estate can proceed UNCONTESTED on someone with Mr. Young's:
  • Ivy-League Educational Background -- in specialized real estate (Bachelor of Science in Hotel & Restaurant Administration) and graduate degree in finance & investments (i.e., MBA in  Finance) from Cornell University; and 
  • Professional Curriculum Vitae -- nearly three decades of success in a career in corporate finance, banking and real estate investment, working for market leaders in their respective fields, as well as having pioneering expertise in capital markets commercial mortgage finance.
So how could something as preposterous as this come to fruition?

Picking Up Where Wachovia Left Off
Trawick "Buzzy" Stubbs
The preponderance of The Worst Bank Foreclosure Fraud in U.S. History was collaboratively executed by Wachovia Bank and Paragon Commercial Bank, and at the behest of Morgan Stanley.

This fraud began in the Summer of 2007 at The Courtyard of Chapel Hill with extensive commercial sabotage, and Wachovia completed their fraudulent foreclosure on this property in early 2009 because Mr. Young was UNLAWFULLY denied legal representation.  The worst foreclsoure fraud in US history then culminated with Paragon's UNCONTESTED foreclosure on, and violent eviction from Mr. Young's residence in Chapel Hill, NC on February 2, 2010.

These UNAMERICAN & NIGHTMARISH events occurred simply because Mr. Young was unable to retain or otherwise engage legal counsel.

How This Was Done
This inexplicable ability to exercise one's right to legal due process followed the EXACT methodology employed in New York with employment law firms shortly after the outset of the MorganStanleyGate scandal.  To get a sense of how this was carried out in North Carolina, one need only read the:

  1. Complaint filed with the NC State Bar against Trawick H. ("Buzzy") Stubbs, Jr., which was then followed by an OBVIOUS pattern of attorneys being paid off or otherwise threatened to NOT represent Spencer C. Young's interests in North Carolina.
  2. NC State Bar's Response OVER SIX MONTHs later seeking additional documentation;
  3. Refusal to help by Bill Matthews of Womble Carlyle, an attorney Mr. Young had paid well over $100,000;
  4. Impassioned pleas for help to the NC State Bar & the FBI, which explained in detail the widespread criminal activities and extensive corruption involved (note:  these pleas fell on deaf ears); and
  5. Particulars of Paragon's fraudulent declarations of default, which Mr. Young was prevented from responding to because he was DENIED HIS RIGHT TO LEGAL REPRESENTATION.
Why This MUST Be Corrected
These UNCONTESTED foreclosures metaphorically spit in the face of inalienable rights to life, liberty and the pursuit of happiness, as professed in the U.S. Declaration of Independence, and trampled all over the right to legal due process guaranteed by the U.S. Constitution.

Importantly, Congress did NOT bail out Banks so they could defraud and persecute the taxpayers who bailed them out. Moreover, the corruption observed in this matter alone, suggests a threat to the integrity of the U.S. Justice System may exist.

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