Wednesday, February 22, 2012

NC State Bar & Wells Fargo Were Alerted To Wachovia's Foreclosure Fraud . . . And Did NOTHING !!

On February 12, 2009, Spencer Young sent an URGENT email to the North Carolina State Bar ("NC Bar") and Wells Fargo, which had recently subsumed the banking operations of Wachovia Bank.  In this transmittal, (reproduced below and also accessible as a pdf document by clicking here) Mr. Young articulated in painstaking detail the orchestrated bank foreclosure fraud that was being implemented by Wachovia Bank and Nelson Mullins.

This fraud was made possible by UNLAWFULLY denying him legal due process through preventing him from engaging legal counsel.  The NC Bar and Wells Fargo were NON-RESPONSIVE, which provides insight into the astonishing level of corruption involved in the MorganStanleyGate scandal.

This kicked off The Worst Bank Foreclosure Fraud in US History, which was coordinated with Paragon Commercial Bank and Poyner & Spruill.  It is important to know that virtually ALL senior banking executives at Paragon had extensive prior careers at Wachovia Bank, and to understand the link between CEOs at the time, just click here.

Here's the URGENT email that was sent.

Sunday, February 5, 2012

TWO Times Blocked From Making Friend Requests - Facebook Rationale is Spurious & Its Timing Is Suspicious

It is apparent many are unhappy with Facebook's policy on what are arbitrary, contradictory and patently absurd limitations placed on making friend requests, as evidenced by the blue wall-post (on right) that has been widely shared and circulated throughout Facebook.

Moreover, there is a growing incidence of emotional rants posted on-line over on this poorly thought-through policy -- see Figure 5 (at the bottom of this posting) for a representative "thread" of opinions on this.  [Warning:  Some of the comments are graphic and contain expletives.]

And How Does This Make You Feel?

When subjected to this restriction, one cannot help but feel violated, insulted, angered, frustrated and/or otherwise victimized by something entirely amorphous that surreptitiously lurks in the unbeknownst crevices of cyber-space, where ill-conceived arbitrary "one-size-fits-all" parameters are being applied in an imbecilic manner.

Worse yet, the very premise of imposing such restrictions connotes profound hypocrisy, in that a "social networking" website is aggressively preventing its membership community from doing exactly that . . . social networking.  How's that for a mixed message?  It's sort of like . . .

Do as I say, 
but not as I want you to do.

OK . . .wait, say what?

What If . . .

But what if these woefully contradictory rules are being applied in a capricious manner and the highly secretive parameters behind imposing such restrictions are NOT being applied equally to all?  Well, then you have the makings of a surreptitious Orwellian form of censorship, where a private sector Big Brother plays God, and whose unappealable decisions in effect proclaim:

 "I forbid you from making new friends under my purview, despite my having lured you into doing so, by 'suggesting' people with whom you share as many as 50 mutual friends. And to punish you for allowing me to trick you, I will not allow you to contact any such others for a period of 2 days, 3 days, 5 days, 1 week, 2 weeks, one month, or whatever I feel like at the time, because after all . . .
 . . . I AM THE FACEBOOK GOD !! " 

NOT Arbitrary & NOT Evenly Applied?

In the context of Spencer C. Young's personal experiences with this utter nonsense, and those described in the sampling of others below, it is OBVIOUS the restrictions are NOT being evenly applied, nor in a manner that remotely approaches rationality. Worse yet, Facebook's arcane rules MAY NOT be entirely arbitrary, and that's what is especially disturbing, particularly since they recently hopped into bed with Morgan Stanley when they tapped this insidious criminal financial institution and procreator of MorganStanleyGate, to lead its IPO.

Here's The Benchmark

If you read the thread of comments in Figure 5 below, you will note most infractions carried a penalty of being blocked from making friend requests for 2 days to 5 days, and one fellow bemoans being penalized a 4th time, and as a repeat offender, he was blocked for 7 Days.  Now contrast this with Mr. Young's experience . . .

Adding Friends & Readying A Roll-Out

Although Mr. Young had been an infrequent and lackluster participant in the Facebook community since joining in March of 2009, in the Fall of 2011, he decided to take social networking more seriously and get back in touch with friends and family.  As a result, his FB Friend count uneventfully ramped up from 60 to over 300 in just a few months.

In December 2011, he began beta-testing the roll-out of a mass mobilization model using Facebook and Twitter, which was an innovative social networking application developed by a post-doctoral research team at MIT.  This paradigm was designed to mobilize a large populace via social-networking to identify and engage the resources necessary to quickly solve complex problems, and resolving the MorganStanleyGate scandal represents an ideal application for this methodology.

A Swing and a Miss . . .  Steee-Rike One !!

Shortly thereafter, Mr. Young received a warning that he would be blocked if he made friend requests to people he didn't know.  This made no sense to him, and he was suspicious of the timing for this spurious warning.  On December 15, 2011, he fired off a response that  may qualify as the most compelling and detailed response Facebook has EVER received on this topic; AND, he made no additional friend requests, pending receipt of a response.

Nearly two weeks passed, and NO RESPONSE was received; however, although Mark Zuckerberg is Jewish, he kindly sent Mr. Young a belated Christmas gift on Dec. 27 in the form of a pop-up message informing him he had been . . .  BLOCKED for 7 DAYS !! (see Figure 2).  "Thank you Mark, that was very thoughtful of you", Mr. Young mused sardonically.

Figure 2.  Blocked For One Week Based on a Completely Bogus Rationale

And The Wind-Up . . .  Steee-Rike TWO !!

After his one week "punishment" passed, Mr. Young gradually started contacting people whom he did in fact know, as well as some like-minded activists with an accompanying message, and naturally, Mr. Young began receiving many acceptances along the lines of those in Figure 3.  During this time, he was also beginning to solicit feedback on his adaptation of the MIT Mobilization Model.  But once again he was blocked, and this time for 14 days !! (Figure 4).

Figure 3.  Example Friend Request Messages & Responses

Figure 4.  Blocked a Second Time For Entirely Fabricated Reasons


One doesn't need a rocket-science degree from MIT to know that SOMETHING IS ROTTEN IN THE STATE OF DENMARK, and the timing behind these confounding actions by Facebook is also highly suspicious . . . particularly in the context of Facebook's newly announced relationship with Morgan Stanley.

Mr. Young has no interest in emulating "Mighty Casey at the Bat" as it relates to this matter, and he respectfully requests that Facebook ELIMINATE its needlessly restrictive friend request policy altogether.

Steee-Rike THREE !!  ". . .there is no joy in Mudville -- Mighty Casey has struck out."

Figure 5.  (Below)  Typical Comment Thread of Opinions on 
Facebook's Policy for Friend Requests

Wednesday, February 1, 2012

An Open Letter to Mark Zuckerberg

                                                                                           February 1, 2012

Dear Mark:

While today marked the kick-off of Facebook’s long anticipated IPO, it is also the birthday of Maria Young (my wife of 24 years), who was relentlessly tortured and eventually murdered by Morgan Stanley, the bank you selected to lead your IPO

And tomorrow marks the two year anniversary of a violent eviction and attempted assassination by a SWAT team on a mortgage that had been PAID-IN-FULL, which was the coup de grace to the worst bank foreclosure fraud in U.S. history. This was also the diabolical dirty work of Morgan Stanley, and the collaborative efforts of veritable North Carolina “Good Ole Boys at the CEO level.(1)

Accordingly, Facebook’s association with this dastardly financial institution for this seminal event could be viewed as the ultimate collaboration of strange bedfellows, perhaps even a source of unshakeable chagrin, and here’s why . . .

Contrast in Cultures

Morgan Stanley’s business model is the antithesis of Facebook’s. While Facebook derives profit by bringing friends and family together and cultivating social and political change, Morgan Stanley profits by destroying lives, dismantling families and making a mockery of legitimate productive achievement. And I’m uniquely qualified to reveal the how they do it, and the only one brave enough to do so. 

And who am I to level such a damning indictment?

My Credibility . . .

I am an Ivy–league educated graduate-degreed father of four with a career in corporate finance, banking and real estate that is impressive by most standards. This includes founding, creating and building franchises at Morgan Stanley and JPMorgan (where I founded its commercial mortgage backed securities business) that are today worth $ billions. But what most underscores the credibility of my claims are my first-hand knowledge and experiences as a former Morgan Stanley insider AND as the continued target of Morgan Stanley’s wrath in an effort to mute my exposing their misdeeds. 

. . . As A Former Insider I first experienced Morgan Stanley’s dark side when an associate who worked for me was suddenly subjected to unfathomable viciousness for reasons I never understood. You may remember this story when it exploded in the national headlines in 1999 – his name is: Christian Curry. I also observed how Morgan Stanley went about systematically destroying the career and life of a colleague – her name: Allison Schieffelin. In the end, justice was served, as Morgan Stanley ended up paying approximately $20 million to each for damages thus caused.

And Morgan Stanley’s proclivity to launch malicious personal attacks was further exposed when their methods were revealed after being hit with a $1.6 billion judgment for defrauding billionaire Ron Perelman and obstructing justice.(2)

. . . And As The Target of Perverse Wrath

The aforesaid scandals that played out in the media are mere glimpses into vicious business practices of Morgan Stanley, and the associated transgressions pale in comparison to what my loved ones and I have been subjected to for over nine years. Morgan Stanley has proven there are no limits to its Khruschevesque “I will crush you” mentality, and the unbridled greed that seems to course through the veins of its senior executives ends up cultivating an outright perversion of American values – for in my case, I was subjected to this unthinkable nightmare in response to creating a highly successful franchise, called IQ® (“Institutional Quality”) CMBS, and for cultivating a loyal client following. 

FRESCA Crimes of MorganStanleyGate . . .

Morgan Stanley’s avarice is perpetuated through widespread FRESCA crimes, employed as needed to protect its franchise(s). By this I mean fraud, racketeering, extortion, sabotage, corruption and assassination, and in my case this began as an audacious employment fraud in November 2002, which eventually transmogrified into a multi-faceted scandal of epic proportion, and thus aptly coined MorganStanleyGate

Direct Links to the Occupy Movement

As poetic justice, those who instigated the initial fraud to ignite MorganStanleyGate were ALSO responsible for Morgan Stanley’s entrance into the toxic sub-prime residential mortgage business. This eventually led to the astronomical losses that brought Morgan Stanley to its knees(3). They have since been fired; however, not until having been paid tens of millions of dollars each in the years prior. Hence, the “one-percenters” who started the MorganStanleyGate scandal also played instrumental roles in wrecking OUR economy, which in turn prompted the Occupy Movement. 

Strength in the Face of Adversity 
Prior to Maria Young’s death in April last year this tragic inevitability was reported in the national media and then continued AFTER her passing because of the effect her courage and strength had on others. This was especially prevalent during the 2011 NCAA Men’s Lacrosse Tournament and in the Final Four Championships, where our twin sons, Kevin (for Duke)and Ryan (for Maryland) faced each other , and an event which their older brother, Michael had earlier played. A father could not be more proud of his sons for accomplishing what they had despite the overwhelming adversity that Morgan Stanley caused. Unfortunately, their estrangement (discussed below) has made these accomplishments bittersweet.

Divide & Conquer

One cannot have a true appreciation for how despicable Morgan Stanley is without understanding their Machiavellian application of “divide and conquer” strategies against the families of those they target. In my case, their diabolical actions ended a strong loving marriage that had endured for over two decades, and their malicious antics were orchestrated in a manner that led my loved ones to believe I had abandoned them – for instance: I was diabolically set up in a remarkable instance of betrayal so that I would immediately default on a freshly inked divorce settlement agreement, and months later when my wife of 24 years was diagnosed with pancreatic cancer and convalescing from radical surgery, Morgan Stanley and Wachovia evicted from our home in New York and rendered homeless. 

Worse yet, and knowing I was her ONLY source of income and at a time when she most needed chemotherapy and radiation treatments, ALL of my income was intercepted in an entirely orchestrated multi-property bank foreclosure fraud carried out by Paragon Commercial Bank. This not only hastened Maria’s death, it also created outright family dysfunction and estrangement that continues today. 

Mindboggling Devastation in the Aftermath

And I have “only scratched the surface” on the level of destruction that Morgan Stanley and its “operatives” have thus caused. For instance, I have a fourth son (Jackson) and was engaged to be married to Leah Krier, whom I met after Maria and I separated. The bank foreclosure fraud caused Leah’s nervous breakdown, and in response, she promptly ended our relationship and kidnapped Jackson, whom I’ve not seen in two years. 

For context to the massive scope and magnitude of the MorganStanleyGate scandal, one need only peruse the below "List of Devastating Assaults", and note that each bulleted item contains one or more hyperlinks to the astonishing evidential details, should you be so inclined:

And should you need further convincing, you can review a summary of the DOZEN affiliated websites established SOLELY to explain and resolve the many elements of this awful scandal and visit them from the hyperlinks embedded therein. 

Closing Thoughts

Please know this letter is NOT intended to rain on your well-deserved parade, and its timing is entirely a function of having only recently learned you had selected Morgan Stanley as your lead underwriter, which was a surprise to many pundits who surmised Goldman Sachs was a lock. 

Moreover, it is important that you know of my intention to file “Civil Claims” at the Federal level aggregating $1.65 billion against Morgan Stanley, Wells Fargo (as parent company for Wachovia), and Paragon Commercial Bank, as well as the law firms who collaborated in this truly astonishing and intensely disturbing scandal (e.g., Kirkland & Ellis, Nelson-Mullins, Poyner & Spruill), and prominent public officials (many will have to explain their past INACTION). 

This is also being shared with virtually every news organization in the United States, and posted on-line at Moreover, due to its relevance to many of the “demands” embodied in the Occupy Movement, this represents a legitimate opportunity to MEANINGFULLY address:
  1. Banking Abuse (Foreclosure Fraud, Lender Liability)
  2. Legal / Judicial Corruption (Malpractice & Disbarment)
  3. Employment Fraud (Workplace Mobbing)
  4. Smear Campaigns (Slander & Libel)
  5. Governmental Corruption (Bribery)
  6. Police Brutality (Contract Assassinations)
  7. Commercial Sabotage, Racketeering, Extortion, etc.
It is my intention to earmark the preponderance of monies from awards and settlements from the aforementioned Civil Claims to support the “agenda” and “demands” of the Occupy Movement and assist others victimized. Accordingly, it’s possible my pursuit for justice against Morgan Stanley and its operatives could take on a life of its own, which in turn could prove disruptive to your IPO. 

Recognizing this transmittal may be received with some skepticism, there’s an easy way to evaluate its veracity – just ask yourself: Do you honestly believe someone would go to such painstaking lengths, if it weren’t true? And should you wish to discuss, I will be pleased to accommodate. 

Spencer C. Young

P.S.  There MAY be a Facebook employee unduly “influenced” to interfere with my ability to engage others in my pursuit for justice, and I invite you to “click here” for the particulars.  While there are many ways around this, I believe this is something you should be aware of.

(1) This Machiavellian foreclosure fraud involved the UNCONTESTED grand larceny of $22 million of commercial and residential real estate in North Carolina and New York, and launched when John Mack was CEO of Morgan Stanley (he is now Chairman), and Bob Steel was CEO of Wachovia (He is now Deputy Mayor for Econ. Devel. In NYC)
(2) This was overturned on appeal predicated on a questionable rationale, which Perelman has challenged
(3) Necessitating a $10 BILLION Congressional bail out with taxpayer monies (and countless other billions of “printed money” from the Fed)