- 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 . . .
FRAUD ELEMENT # 9
which involved . . .
Reducing Property Values by Interfering
with Leasing & Rent Collections
The malicious collaborative acts of Paragon Commercial Bank and Poyner & Spruill (the "Perpetrators") spooked various tenant prospects who had executed letters of intent and were otherwise ready to execute a long term lease. The capitalized value of the leases the Perpetrators had undermined through their malicious actions was $3.2 - 3.5 million, based on lost rental income of $263,000, using then market cap rates.
Doc. B --
In addition, to obtain the cooperation of tenants, the Perpetrators promised they would not seek to collect rent arrears after they foreclosed on the property, and would look for them to pay only their current rent. At the time they did this, rent arrears were approximately $950,000, and this substantially impeded Mr. Young’s ability to collect these monies. They also used this form of economic duress to gain the tenant’s cooperation in their FRAUD.
Ergo, total damages caused by this element of fraud alone approaches . . .
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.