This entry covers . . .
FRAUD ELEMENT # 4
which involved . . .
Declaring Maliciously Orchestrated and
Entirely Fraudulent Monetary Defaults
On February 24th and March 3rd, 2009, Paragon Commercial Bank, declared FRAUDLENT monetary defaults on four mortgage loans (including his residence in Chapel Hill), predicated entirely on its sinister acts described in FRAUD Elements #1 (Rejected Deposits), #2 (Ignored Instructions) & #3 (Unauthorized Disbursements).
Given Mr. Young’s extensive background in commercial mortgages (as noted in Exhibit VIII) he was especially astonished by such audacious and obviously fraudulent acts. In response, Mr. Young demanded an explanation, and fired off missives to Mr. Hatley on February 25, and March 6, 2009, as principal representative for Paragon. In those communiqués, he made clear such blatant acts of criminal fraud would cause substantial damages for which at Paragon would be held accountable; and Mr. Young once again put Paragon on notice to correct their errors evidencing “derelict loan administration”, and DEMANDED they cease and desist engaging in such CRIMINAL acts. Mr. Hatley never responded, the Perpetrators did NOT refrain, and instead amplified their unlawful efforts.
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.