Answer: The Elements of it and Internet Search Results.
MorganStanleyGate includes "The Worst Bank Foreclosure Fraud in US History", which was executed at the behest of Morgan Stanley and employed as a desperate effort in the associated cover-up of this scandal. And here are the elements that support this dubious distinction:
- Grand Larceny Theft - Foreclosing on a $22 million of commercial and residential real estate in North Carolina and New York, predicated ENTIRELY on FRAUD, and made possible by extensive corruption among bankers, attorneys, law enforcement and other public officials, ALL of which was motivated by greed. All told, these fraudulent foreclosures wiped out a net worth of $40 million, which is strictly restitution.
- Audacious Fraud - Foreclosing on mortgages with exemplary payment records - monthly debt service payments ALWAYS paid BEFORE their monthly due date, the mortgages were NEVER delinquent, NEVER in default, and in the case of Spencer Young's Chapel Hill residence . . . PAID-IN-FULL !!
- Denial of Due Process - Spencer Young was unlawfully denied legal representation, which was the preamble to the fraudulent foreclosures proceeding UNCONTESTED !!
- Violent Eviction - Although extensive irrefutable evidence of the foreclosure fraud was made publicly available and the Sheriff's Dept was so notified, a SWAT team of over a dozen deputies of the Orange County Sheriff executed a violent eviction, attempted assassination and then engaged in extensive police brutality representing a assault on Spencer Young's civil rights specifically and American values, generally; and
- Institutions Involved - The dastardly acts were principally executed in North Carolina and coordinated at the then CEO level (by native North Carolinians John Mack, Bob Steel and Bob Hatley) at three banking institutions (Morgan Stanley, Wachovia and Paragon Commercial Bank). These banks were assisted by profoundly unethical attorneys at Kirkland & Ellis (Andrew Clubok); Nelson Mullins (Terri Gardner); and Poyner & Spruill (David Warren and Dan Cahill)
Internet Search Results
Running an internet search on "the worst bank foreclosure fraud in US history" using the top five search engines today yields the following results, followed by screen-shots of the top ten results of each search:
- Google – the top four search results, and 5 of the top 10, out of about 245,000 results returned;
- Bing – the top three results, out of 29.8 million results;
- Ask – the #1 result, as part of 4 of the top 10 results;
- Yahoo – the top three results, out of 29.7 million; and
- AOL – the top four results, out of roughly 247,000.