MorganStanleyGate

Tuesday, January 3, 2012

Bank Foreclosure Fraud - The Indictment Filed Includes 31 Counts

The excerpt below covers The 31-Counts (or Charges) Against Paragon Commercial Bank and Poyner & Spruill and is from the Jan. 29, 2010 Notice sent to Senior officials for North Carolina and the Federal government on a mortgage that was:

ALWAYS paid before the monthly due date
NEVER delinquent
NEVER in default
And on the day of eviction PAID-IN-FULL !!

# # # # #

Listed below are Counts (or Charges) Filed Against . . .

whose actions were carried out at the behest of . . .

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

Those Indicted

The noted elements of CRIMINAL FRAUD translate into numerous criminal/civil charges which are hereby formally made against Paragon Commercial Bank and Poyner & Spruill and the following individuals:

Robert C. (“Bob”) Hatley, CEO of Paragon Commercial Bank
James W. (“Jim”) Hoose, Jr., a Senior Vice President at Paragon Commercial Bank;
Daniel G. (“Dan”) Cahill, a Partner of Poyner & Spruill; and
David M. Warren, a Partner of Poyner & Spruill
Matthew C. (“Matt”) Davis, Chief Credit Officer of Paragon Commercial Bank; and
Martin Borden, Senior Vice President at Paragon Commercial Bank

Hatley Borden Cahill Davis Hoose Warren

The Charges (or Counts) in this INDICTMENT

The charges are as follows:

Aiding & Abetting Fraud, Racketeering, Extortion, Sabotage & Corruption;
Negligent Loan Processing and Administration;
Unscrupulous and Deceitful Banking Practices;
Bad Faith Actions Intending to Create a Default;
Fraudulent Declarations of Default;
Defamatory Actions With Malicious Intent;
Lender Liability for Tortious Interference in the Operation of a Business;
Contractual Interference with Current and Prospective Tenants;
Wrongful Accelerations;
Intentional Infliction of Economic Duress;
Wrongful Foreclosure Actions;
Intentional Suppression of Evidence and Denial of Due Process of Law;
Wrongful Repossession;
Unauthorized Exercise of Ownership Over Property Belonging to Another;
Unlawful and Unauthorized Conversion of Realty;
Fraudulent Conveyance;
Embezzlement of Rent Income;
Grand Larceny Theft of Funds on Deposit;
Grand Larceny Theft of The Pit Stop of Durham;
Grand Larceny Theft of W/S Graham Street Parcel;
Grand Larceny Theft of 110 Graham Street Parcel;
Malicious Intent to Inflict Emotional Distress;
Breach of Contract;
Gross Misrepresentation and Fraud in the Inducement;
Breach of Duty of Good Faith and Fair Dealing;
Breach of Fiduciary Duty as a Banking Institution;
Malicious Intent to Defraud;
Violations of Deceptive Trade Practices Act;
Willful Disregard for Rights to Life, Liberty and the Pursuit of Happiness;
Grand Larceny Theft of Meadowmont Village Condo of Chapel Hill; and . . .
Conspiracy to commit murder

Sunday, January 1, 2012

Bank Foreclosure Fraud - The Victim's Professional/Educational Background

The excerpt below regarding the "Victim's Background" is from the Jan. 29, 2010 Notice sent to Senior officials for North Carolina and the Federal government on a mortgage that was:

ALWAYS paid before the monthly due date
NEVER delinquent
NEVER in default
And on the day of eviction PAID-IN-FULL !!

# # # # #

This pertains to the 31-Count Indictment Filed Against . . .

whose actions were carried out at the behest of . . .

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

Victim’s Background

The 31-count indictment filed by Spencer C. Young against Paragon Commercial Bank and Poyner & Spruill are based on first-hand observations and experiences as a victim with an exceptionally deep and directly relevant background in finance and banking, with particular expertise in commercial mortgages.

This background includes thirteen years as a senior executive in commercial and investment banking, with involvement or oversight in $50 Billion in commercial mortgage transactions, chronologically as follows:

Division Controller and Treasurer of Citicorp Real Estate for five years, where commercial mortgage loan originations were as high as $10 billion annually before they were abruptly halted by what was effectively an economic depression and market value freefall in the commercial real estate industry during the early 1990’s;

Chief Operating Officer of JPMorgan’s Commercial Mortgage Conduit for three years, after having founded the Commercial Mortgage Backed Securities (“CMBS”) business at JPMorgan, and leading to the origination and securitization of $1.5 billion in commercial mortgage loans during the nascent stages of the CMBS industry’s development, achieving a #2 ranking for the underwriting and issuance of conduit CMBS; and

Executive Director and Head of Morgan Stanley’s Commercial Mortgage Conduit during a five-year tenure, which included developing and trademarking the IQ® (“Institutional Quality”) brand of CMBS, valued at $250 million+, and originating $5.5 billion and securitizing $23.5 billion in commercial mortgage loans, including 3 consecutive years as the #1 underwriter of CMBS.

Preceding this banking career, roughly nine years were spent in Corporate Finance at Dun & Bradstreet and as an Auditor and CPA at Arthur Andersen & Co., which ensued upon graduation from Cornell University with a Bachelor of Science degree in Hotel & Restaurant Administration and a Masters of Business Administration degree (an MBA, majoring in Finance).

Conclusion

Such an extensive and directly relevant background would suggest this indictment should be considered highly credible.

Important reconciliation - If you've read other postings on this blog and other affiliated websites, you may have noticed a reference to Spencer C. Young's experience in commercial mortgage-related transactions with such statements as: "over $30 billion", or "$32 billion in transactions" and wondered how they relate to the $50 billion in transactions referenced above. All these statements are accurate. The $32 billion are "line" position related transactions - in other words, positions in which Mr. Young was responsible for business production and profitability, and $18 billion was while he was in a "staff" position as Controller/Treasurer. Here's a reconciliation (amounts in $ billions):

Citicorp Real Estate & Securities (In Staff role) $18.0
JPMorgan - Mortages Orginated $ 1.5
JPMorgan - CMBS Underwritten 1.5
Morgan Stanley - Mortgages Originated 5.5
Morgan Stanley - CMBS Underwritten 23.5

Subtotal (in Line role) $ 32.0

Total Commercial Mortgage Related Transactions $ 50.0

Saturday, December 31, 2011

Senator Whitehouse Asked to Help Resolve MorganStanleyGate Scandal

The below is evidence of having contacted Senator Sheldon Whitehouse of Rhode Island on Dec. 23, 2011 in his role as a member of the US Senate Judiciary Committee to intervene to help resolve the MorganStanleyGate scandal in the context of addressing: (1) widespread legal and judicial corruption; (2) the worst bank foreclosure fraud in US History; and (3) a planned assassination.

This is important to document because one of the hallmarks of this horrible scandal is how public officials who are elected to protect the rights of US Citizens and uphold our laws, end up failing to do so in a truly profound manner, thereby evidencing a stifling level of corruption that is now choking the United State of America. This is one of the primary "demands" of the Occupy Movement, which continues to grow.