Bank Foreclosure Fraud - Exhibit VII - Value of Properties Stolen by Banks

This addresses the market values of the properties STOLEN by: 

• Wachovia Bank - This bank faced complete collapse after it was declared insolvent by bank regulators.  Wells Fargo, which initially received $25 billion in taxpayer bailout monies, and countless billions more in "printed taxpayer money" from the Federal Reserve, stepped in to subsume much of its banking operations after laying off thousands. After being granted this "lifeline", Wachovia then proceeded to STEAL The Courtyard of Chapel Hill via UNCONTESTED bank foreclosure fraud, because, together with their attorneys (Nelson Mullins) this bank, among other things, UNLAWFULLY prevented Spencer C. Young from hiring legal counsel.  When this fraud was brought to the attention of Wells Fargo executive management and their Board of Directors, they did NOTHING, and therefore tacitly endorsed this ILLEGAL activity.
• Paragon Commercial Bank - This bank is comprised almost entirely of former Wachovia Bank executives and stole The Pit Stop of Durham and Mr. Young's residence in Chapel Hill via blatant and audacious bank foreclosure fraud, and was assisted by the law firm of Poyner & Spruill.  

Keep in mind, the highly coordinated bank foreclosure fraud was carried out by Wachovia and Paragon at the behest of Morgan Stanley (and their attorneys, Kirkland & Ellis) as a dastardly form of cover-up, so as  to deprive Mr. Young of resources and undermine his professional and personal credibility, so he could not viably pursue his now massive claims in the MorganStanleyGate scandal.

The below valuations reflect the redevelopment values based on then recently executed leases at the first two listed properties, along with relevant information supporting these valuations.

Property Name	Redevelopment Market Value	Basis for Valuation
The Pit Stop of Durham	$7,745,000	Proforma / Actual Rent Roll as of January 2, 2008 based on most recently executed leases
The Courtyard of Chapel Hill	$11,760,000	Proforma / Actual Rent Roll as of January 2, 2008 based on most recently executed leases
Meadowmont Village Condo of Chapel Hill	$525,000	Recent sales comps of similar units in Meadowmont Village and Orange County Appraised Real Estate Values as of Jan. 2008
Total	$20,030,000

Note:  The valuation of The Courtyard of Chapel Hill includes the Graham St. valet parking lots, which was financed by Paragon Commercial Bank.

Click here to access a more legible pdf version of this valuation analysis.

Click here to access a more legible pdf version of this valuation analysis.

Below is the valuation per Jan 2008 Orange County appraisal of the Meadowmont Village condominium directly below Mr. Young’s unit #134. It has the same layout, except the two units have the following differences: (1) #134 has superior views, for instance #124 has southern views obstructed by rooftop HVAC units; (2) #134 has 10 foot ceilings while #124 has 8 foot ceilings; (3) #134 has an enclosed terrace, but #124 does not. Other 3rd floor condos less desirably located in Meadowmont Village have sold in excess of $500,000 – ergo the FMV of $525,000 for Mr. Young’s Unit is reasonable.  (Note:  This property was later fraudulently conveyed to James A. & Katherine K. Pope at a below-market "under-the-table" price of $422,000).

Click here to access a more legible pdf version of this valuation analysis.

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.

Bank Foreclosure Fraud - Exhibit VI - A Simple Case of GOOD vs. EVIL

Note:  Keep in mind, the narrative below was written before the violent fraudulent eviction of Feb. 2, 2010.

Reflected below are the “Mug Shots” of those responsible for committing the last, and most reprehensible phase of the Worst Bank Foreclosure Fraud in U.S. History, encompassing a range of CRIMINAL acts against Spencer C. Young, his family and friends, his affiliated companies, and the communities in which he and his family reside, and in which he has invested. The person leading this detestable assemblage of evildoers is Bob Hatley, CEO of Paragon Commercial Bank.

This is an especially heartless group, devoid of any sense of humanity – in short, they are MONSTERS. They have directly engaged in, or otherwise been complicit to CRIMINAL activities, including: Fraud, Racketeering, Extortion, Sabotage, Corruption and Assassination, both attempted (against Mr. Young) and realized (against his wife of 24 years).  Their malicious and aggressive actions are intended to bring unimaginable pain and suffering to Mr. Young and those in his extended family who have long depended on Mr. Young for financial support – and because their actions were knowingly undertaken to cause the death of certain family members – they are MONSTERS and they are as EVIL as EVIL can be.

Reflected below are photomontages of just some of the victims, along with brief contextual background summaries on each. They are all kind, innocent and GOOD people -- ergo, this matter couldn’t be a more clear-cut instance of . . .

GOOD versus EVIL

Jackson Young – The first of the GOOD people being persecuted in this matter is Mr. Young’s youngest son, Jackson Young (born in April 2008), whom Mr. Young often cares for, when Jackson’s mother (Mr. Young’s fiancée) is away on business (she is a flight attendant). Through FRAUD, the Evildoers are aggressively trying to evict and render homeless this GOOD little boy – moreover, they have plans in place to orphan “Jack”, so that Mr. Young will be forever silenced, thereby covering up widespread criminal activities that Mr. Young is blowing the whistle on.

Relationship with Sons – In addition to little “Jack”, Mr. Young has three older sons, Michael Young (born in 1986), and fraternal twins Kevin & Ryan Young (born in 1989). Throughout their childhood, Mr. Young was actively involved in their lives – he coached virtually every one of their sport teams, and arranged his vacations so he could take them to summer lacrosse camps, and serve as a counselor. So it should come as no surprise that they all played lacrosse for two of the top colleges, one played in three NCAA Final Four Championships and one became an All-American.

Mr. Young deeply loves each of his sons – they are GOOD kids. And it pains him terribly that his relationship with his older sons has become effectively estranged. This is because they have heretofore been unable to comprehend how their father, who regularly had a seven-figure annual income while they were growing up, could so suddenly be unable to provide for them financially.

By FRAUDULENTLY depriving Mr. Young’s of income from his commercial properties, the Evildoers committed grand larceny theft, thereby causing unimaginable pain and suffering and extensive damages to Mr. Young and his extended family whom have long relied on him for financial support.

Maria Young – Maria was married to Mr. Young for 24 years – she too is a GOOD person. Without question, their marriage would have endured for the remainder of their lives had it not been subjected to the unimaginable and unrelenting stress of the FRESCA[1] crimes, the “coup de grace” phase of which is being executed by the Evildoers.

The objectives of the Evildoers' CRIMINAL ACTIVITIES were to: (1) deny Maria necessary chemotherapy and radiation treatments for her advanced pancreatic cancer; (2) render Maria and her three sons homeless; and (3) make it appear that Mr. Young abandoned them. In effect, this is a Machiavellian recipe for MURDER and the vicious decimation of a once close and loving family.

[1]Acronym for Fraud, Racketeering, Extortion, Sabotage, Corruption, and other unlawful Abuse-of-authority

Leah Krier – Leah is Mr. Young’s fiancée – she is a GOOD person from a large family in Kansas. Her marriage to Mr. Young was delayed by the fraud, which sullied his sterling personal credit rating – and their marriage will continue in abeyance until this is cleared up. Leah gave birth to Mr. Young’s fourth son, Jackson in April 2008, and balances her career as a US Air Flight Attendant and caring for “Jack”.

Through their CRIMINAL FRAUD, the Evildoers are aggressively trying to render Leah and llittle Jackson, homeless.

Michael Young – Michael graduated with honors from Duke University in May 2008, and played for the Duke Men’s Lacrosse Team – He’s a GOOD young man. He was consistently selected to the ACC Academic Honor Roll and was a consummate unselfish player on a team that went to the NCAA Final Four Championships in 3 of the 4 years he played. He now works for Lazard, one of the world’s top financial advisory and asset management firms. It is Michael’s income that thwarted the Evildoers’ attempt to render Michael’s mother, who is stricken with cancer, homeless.

Ryan Young – Ryan is a natural leader and a standout in lacrosse, evidenced by his: (1) selection as a 1st Team High School All-American; (2) ranking as the 7th best player in the nation entering college; (3) gold medal for Team Long Island in Empire Games; (4) gold medal for Team USA in the World Games; (5) running University of Maryland’s offense since day one as a freshman, an remarkable feat; (6) selection as an NCAA All-American as a sophomore; and (7) appearance on the covers of Lacrosse Magazine and the Inside Lacrosse 2010 Yearbook. He is a GOOD young man.

Through their CRIMINAL ACTS, the Evildoers want Ryan to drop out of college, and homeless.

Note: Ryan wore #48 as a freshman and #27 as a sophomore for Maryland, # 8 in the Under Armor All-Star Game, #44 for Team USA in the World Games and #7 for an article on the Top 10 players.

Kevin Young – Much like his brothers, Kevin achieved significant success in high school. He was a honors student at Chaminade H.S., as he led his varsity lacrosse squad to a two year record of 35 wins and only 6 losses, achieving the league title each year, and receiving All-League and “Midfielder of the Year” honors. He is an exceptionally unselfish player who also led his JV and Freshman lacrosse teams to league titles and in the two years that he played football (he was captain) his squad was league champion each year. Kevin is a “winner” and quietly leads by example.

As a member of the Duke Men’s Lacrosse Team, similar success during his first two years has been hampered by a nagging ankle injury. Once healthy though, Kevin is expected to realize much the same success in college as his brothers – in fact, he is stronger and faster than both Michael and Ryan – pound-for-pound, he may be the strongest player in college lacrosse, and he possesses world-class speed.

Through their CRIMINAL FRAUD, the Evildoers aggressively sought to force Kevin to drop out of Duke University and render him homeless.

Edna May Young – Mr. Young’s mother has depended on him for financial support since her husband (Mr. Young’s father) passed away in 1986. Once a vibrant and energetic fashion model, Edna May is now elderly (born in 1926), and has a heart condition. She is absolutely devastated and distraught that Mr. Young is now unable to provide her the financial support she has depended upon for over 30 years, and which she now so desperately needs. She is a GOOD and kind woman.

The Evildoers were fully aware of this situation, as this information was shared with them on MANY occasions. Therefore in undertaking their CRIMINAL FRAUD, it was their deliberate and decidedly evil intent to create a level of distress that would end up killing Mr. Young’s mother – this is yet another of the Evildoer’s Machiavellian plans to carry out a surreptitious premeditated MURDER. Thankfully, Mr. Young’s brother-in-law is a physician, and together with Mr. Young’s sister, Denise, have thwarted the Evildoers’ murderous plans for Mr. Young’s mother.

Note: the above pictures of Mr. Young’s mother are circa 1955 through 2005.

Spencer Young – Mr. Young is a GOOD man. He was born in 1956, and the below pictures are circa June 2007 through October 2009. He maintains his “temple” of 6’ 2” & 195 lbs. from when he played football for Cornell University through rigorous exercise and practice of martial arts (Tae Kwon Do, Shotokan & Kyushojutsu) over the past 30 years. This has provided him with a high energy level, an introspective sense of confidence and unwavering focus that many find astonishing – but these are absolute imperatives in order to prevail in his quest for truth and justice. And toward this end, he is focused on exposing and extricating the Evildoers from their respective positions of authority, so they can no longer be in a position to inflict malicious harm to others.

Mr. Young will NEVER give up on this pursuit – for its importance cannot be overstated.

Bank Foreclosure Fraud - Exhibit IV - Evidence of Perjury in Paragon's Response to Regulators

On May 26, 2009, complaints over the criminal fraud committed by Paragon Commercial Bank were filed with the Federal Deposit Insurance Corporation and the Office of the Comptroller of Currency, who in turn forwarded the complaint to the North Carolina Banking Commission. 

Matt Davis

On Jun. 26, 2009, Matt Davis the Chief Credit Officer of Paragon Commercial Bank responded to the FDIC. For reasons that have yet to be explained, and viscerally appear suspicious, the FDIC withheld Paragon’s response before forwarding to the complainant (Spencer C. Young), who received it A MONTH LATER on Jul. 27, 2009. 

Mr. Davis’ filed response to the FDIC is so bombastically false it is an apostasy, and an instance of criminal perjury, as evidenced in the table below.

Paragon’s Perjury	The Truth
“Paragon Commercial Bank denies each and every claim made by Mr. Young in his complaint.”	As evidenced herein, all the stated claims (i.e., the 31 Counts and the 20 elements of bank foreclosure fraud) are true, accurate and most importantly, irrefutable.
“All four loans are currently in default and are the subject matter of collection litigation by Paragon.”	Paragon’s declarations of default on the four subject loans were instances of criminal FRAUD, the evidence of which are undeniable and irrefutable. The collection litigation is entirely bogus and a blatant example of a frivolous legal claim.
“Payments on these loans are past due from January and February 2009.”	False.  Dating back to December 2004, the monthly debt service for these loans have always been paid on or before their due dates, and typically more than two weeks prior to the last day of the grace period for such payments.  In blocking the receipt of tenant rent remittances for deposit, wiring out funds without authorization and failing to follow express instructions to apply available funds on deposit to service the loans, and then declaring bogus monetary defaults on all four loans, Paragon committed criminal fraud.
“Paragon has also filed a complaint against Mr. Young in NC State District Court for non-payment of these debts.”	The filing their complaint in NC District Court is a further manifestation of criminal fraud, as well as tortious interference in the engagement of legal counsel and denial of due process.
” A receiver has also been appointed by the District Court over Spencer C. Young Investments, Inc.’s assets.”	This is yet another manifestation of criminal fraud, and tortious interference in the engagement of legal counsel and denial of due process in that they: (1) accelerated the hearing to appoint a Receiver; (2) threatened any attorney who would represent Mr. Young’s interests; (3) never had to prove a monetary default; and (4) prevented Mr. Young from presenting irrefutable evidence that there was NO MONETARY DEFAULT, and that PARAGON and POYNER & SPRUILL engaged in CRIMINAL FRAUD, and other unlawful activities.
“Paragon denies it has reneged on any financing proposals to Mr. Young or his related entities.  Paragon last extended credit to Young in January 2008.”	As noted in the “Complainant’s Background” and the section of the same name in his letter to the NC Leadership, and in Exhibit II, Mr. Young has a deep and distinguished background in finance and banking, with particular expertise in commercial mortgages.   Mr. Young has successfully owned and managed commercial income producing properties for over two decades.  Moreover, he has overseen or otherwise been involved in over $50 billion in commercial mortgage related transactions.  Accordingly, Mr. Young’s background as measured by business volume in commercial mortgages is multiples greater than the experience base of all Paragon bankers combined.  And their denial of having reneged on any financing proposals is patently absurd – for no bank would EVER complete the referenced January 2008 financing (a 12 month, 100% loan-to-cost financing, and knowingly waive the payment of past due property taxes) without carrying out Phase II, which encompassed refurbishing working capital, and financing the improvements, upon which future leasing hinged.  They also reneged on a critically important collateralized line of credit.
Subsequent to that time, Paragon became aware through public records of various credit issues related to Mr. Young, including notices of liens being placed on various properties he owned and foreclosure proceedings by other lenders.	It is because of such bombastically false statements as this, and the belief that this level of deceit is pervasive throughout Paragon Commercial Bank that Mr. Young now seeks the dissolution of Paragon Commercial Bank as a going concern for they are clearly dangerous to the general public. Paragon was apprised of ALL aspects of Mr. Young’s finances, and acknowledged their understanding and were comfortable with: (1) the personal credit events, which were those of his now ex-wife that were beyond his control at the time; and (2) Mr. Young’s solution to the UNLAWFUL parking lot blockade at The Courtyard of Chapel Hill

Bank Foreclosure Fraud - Complaint Filed With OCC Passed To NC Banking Commission And Then Ignored

Reflected below is the complaint filed with the Office of the Controller of the Currency ("OCC"), which has  regulatory oversight over national banks. Although Paragon Commercial Bank is not a national bank, their malicious acts were coordinated with Wachovia Bank (now part of Wells Fargo), and carried out at the behest of Morgan Stanley, both of which are national banks. 

Importantly, one of the primary mandates of the OCC is to regulate and supervise banks such that they operate in compliance with laws requiring fair treatment of their customers, which based on the 20 separate elements of foreclosure fraud and the filing of a 31-count indictment, Paragon did NOT do in any way, shape or form.

Notwithstanding, as reflected below, the OCC was provided particulars about what is arguably the worst bank foreclosure fraud in U.S. history on mortgage loans that were:

• ALWAYS paid before the monthly due date
• NEVER delinquent
• NEVER in default, and in the case of Mr. Young's residence . . . 
• PAID-IN-FULL !!

The OCC said it did not have jurisdiction on the matter, and handed to complaint over the the North Carolina Office of the Commissioner of Banking . . .

. . . Who Did NOTHING Whatsoever !!

This alone suggests a profound level of corruption exists, which MUST be addressed. 

Bank Foreclosure Fraud - Complaints Filed With the FDIC & It's Response Suggest PROFOUND Corruption

Reflected below are the complaints filed with the Federal Deposit Insurance Corporation, which has Federal regulatory oversight over Paragon Commercial Bank, whose mandate is to provide stability and public confidence over the U.S. banking system.  Notwithstanding, as reflected below, the FDIC was  provided particulars about what is arguably the worst bank foreclosure fraud in U.S. history on mortgage loans that were:

• ALWAYS paid before the monthly due date
• NEVER delinquent
• NEVER in default, and in the case of Mr. Young's residence . . . 
• PAID-IN-FULL !!

. . . The FDIC did NOTHING Whatsoever !!

This alone suggests a profound level of corruption exists and MUST be addressed. 

[Note:  the 4th page of form was blank and therefore omitted here.]

Bank Foreclosure Fraud - FRAUD Element # 20 of 20 - Intent To Cause Homelessness, Destitution and Death

The last phase in the Worst Bank Foreclosure Fraud in U.S. History entailed TWENTY separate elements of FRAUD on mortgage loans that were:

• 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 # 20

 which involved . . .
Undertaking Actions Intended To Cause
Homelessness, Destitution and Death

The collective elements of FRAUD translated (by design) into unimaginable pain & suffering to Mr. Young and the members of his extended family, most of whom have relied on him for financial support for decades. 

By absconding with all monies held in Mr. Young’s bank accounts, stealing his income producing properties, and FRAUDULENTLY depriving him of his only source of income, the Perpetrators have maliciously intended to cause homelessness, destitution and death. How so?  Keep reading.

The Death of Maria Young
 Paragon Commercial Bank and Poyner & Spruill (the "Perpetrators") were fully knowledgeable that: 

• Maria Young (Mr. Young’s wife of 24 years) was FULLY dependent on Mr. Young for financial support; 
• Mr. Young’s financial support was necessary for her chemotherapy and radiation treatments for advanced pancreatic cancer; 
• The Perpetrators MALICIOUSLY deprived Mr. Young of his income through audacious BANK FORECLOSURE FRAUD; 
• Mr. Young was UNLAWFULLY deprived of income to pay for Maria’s cancer treatment; and 
• Together with the overwhelming stress caused by the dire circumstances thus created resulted in  Maria’s death, which was broadcast on national TV throughout the Spring of 2011.  See below video for one such example:

Homelessness & Attempted Assassination

Moreover, the Perpetrators violently evicted Mr. Young using an over-the-top heavily-armed SWAT team (in an attempted assassination to silence him about MorganStanleyGate), and rendering him, Leah Krier (his fiancée) and his toddler son, Jackson Young HOMELESS on an underlying  mortgage that had been . . .

. . . PAID-IN-FULL !!

As a result, Leah had a nervous breakdown, estranged herself from Mr. Young, and has since pursued a truly bizarre life of crime and other deeply disturbing behavior, including the kidnapping of Jackson Young, whom Mr. Young has not seen since the UNLAWFUL FRAUDULENT EVICTION.  This is UNACCEPTABLE and those responsible MUST be brought to justice.  If you watch the videos below, you will understand this sense of OUTRAGE.







Profound Governmental Failure
And these HEINOUS CRIMES still came to pass because the MANY Federal, State and Local public officials whose specific roles and job responsibilities are to prevent such a horrific nightmare from happening  had FAILED to act.

This is intolerable and inexcusable because it reflects how a dangerous cancer has been allowed to metastasize throughout a societal infrastructure that was established to protect against this.  The status quo evidenced herein suggests this governmental oversight has not only FAILED, it has become a dastardly manifestation of Corporate (Bank) greed gone haywire and has an opposite pernicious effect on the public in general.

And It Was ALL FRAUD-Based

To be clear – there was NEVER a monetary loan default (and the overwhelming evidence throughout this and other affiliated websites proves this out) – and EVERYTHING associated with this unbelievable nightmare have been COMPLETE LIES and all FRAUDULENTLY concocted and orchestrated.  And those whose specific mandate has been to protect the public against something as horrible as this FAILED miserably in the exercise of their duties -- either because they are CORRUPT or they are too fucking chicken to do anything about it.

John Mack of Morgan Stanley

What MUST Be Done
Well those days are over, because this, together with the whole God-damn MorganStanleyGate scandal MUST be EXPOSED and CORRECTED . . . and those responsible MUST be prosecuted to the FULLEST extent of the law.  In other words, an example must be made of them . . . right up to Morgan Stanley Chairman of the Board John Mack and the astonishing number of prominent others in between.

Unintended Consequences

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.

Bank Foreclosure Fraud - FRAUD Element # 19 of 20 - Grand Larceny

The last phase in the Worst Bank Foreclosure Fraud in U.S. History entailed TWENTY separate elements of FRAUD on mortgage loans that were:

• 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 # 19

 which involved . . .

Grand Larceny Theft

Based the aforementioned instances of blatant CRIMINAL FRAUD, the Perpetrators committed MANY instances of GRAND LARCENY THEFT – here are three such examples: 

1. Raided Bank Accounts – the Perpetrators raided all bank accounts owned by Mr. Young and his affiliated companies, and STOLE the funds held in those accounts;
2. Diverted Income – the Perpetrators wrongfully and FRAUDULENTLY diverted rental income that was rightfully due and payable to Mr. Young – and they did so with no legitimate basis whatsoever, and then proceeded to STEAL such funds for their own use; and
3. Stole Properties & Preponderance Of His Net Worth – the Perpetrators literally STOLE Mr. Young’s income-producing properties and his residence by holding illegitimate foreclosure sales predicated entirely on a maliciously orchestrated FRAUD, citing monetary defaults that NEVER occurred.

All of the above actions were FRAUDULENT CONVEYANCES, and therefore they are all null and void. Mr. Young will now aggressively seek to regain his rightful title, and send each of the identified perpetrators off to prison.  Those representing Paragon Commercial Bank are: Bob Hatley (CEO); Jim Hoose; Martin Borden; and Matt Davis.  Representing the law firm of Poyner & Spruill are Dan Cahill and David Warren, and representing the thoroughly corrupt Orange County (NC) arm of law enforcement: Sheriff Lindy Pendergrass and his thug "Major" Charles Blackwood.  Collectively, these monsters represent an assault on American values are are the true scum of society -- their mug shots are reflected below.

Wanted For Grand Larceny

Bob Hatley            Jim Hoose             Dan Cahill                 David Warren

Martin Borden        Matt Davis        Lindy Pendergrass     Charles Blackwood

Unintended Consequences

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.

Bank Foreclosure Fraud - FRAUD Element # 18 of 20 - Fraudulent Uncontested Foreclosure Sales

The last phase in the Worst Bank Foreclosure Fraud in U.S. History entailed TWENTY separate elements of FRAUD on mortgage loans that were:

• 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 # 18

 which involved . . .
Carrying Out Illegitimate And 
Uncontested Foreclosure Sales

The reality is that there was NEVER a default, only a fantastic proliferation of LIES and pernicious acts of FRAUD by Paragon Commercial Bank and Poyner & Spruill (the "Perpetrators") directed against the interests of Mr. Young – ergo the notion of proceeding with foreclosure sales of the subject collateral properties had no validity whatsoever, so the UNLAWFUL, UNCONTESTED and thoroughly BOGUS foreclosure sales were nothing more than FRAUDULENT CONVEYANCES. 

Deceitful Practices

And it is clear the Perpetrators aggressively pursued accelerated court proceedings (including UNLAWFULLY delivering notices of foreclosure sales AFTER they were held) while UNLAWFULLY denying Mr. Young his fundamental right to legal due process, with GRAND LARCENY THEFT as their objective.  

Theft of Residence
With regard to Mr. Young’s condominium residence (owned by one of Mr. Young’s limited liability companies, for tax purposes) he was left with no option but to have that entity file a Chapter 11 bankruptcy petition for relief, to which the Perpetrators immediately responded with a motion to dismiss, knowing they would continue to prevent his engaging legal counsel, and get his case dismissed, so they could steal the property even though the subject mortgage had been PAID-IN-FULL !! . . . and this is EXACTLY what happened.

Corruption & Sabotage
After again being UNLAWFULLY prevented from engaging legal representation, Mr. Young called the Middle District Bankruptcy Court in Greensboro, and advised he would be filing a petition pro se, which would have stopped the fraudulent sale of October 29, 2009 (which he learned of on October 30).  This would have availed another couple months to engage legal counsel or otherwise alert the authorities to the audacious bank foreclosure fraud, but when he got into his car to do so on Nov. 9, 2009, (which was the deadline to stop the sale) his car was mysteriously rendered inoperable (see pictures below, including his toddler son, Jackson, whom he was caring for that day(1), and Court Clerk Reid Wilcox refused to accept the filing by fax to meet the deadline (with delivery of the originals the following day), nor accept payment the filing fee by credit card.  The level of corruption involved in this matter is beyond anyone imagination.

Jackson Seated for Trip         Car Not Operable                   Car Being Towed  

Something is Very Wrong Here
What is noteworthy is that Reid Wilcox was clearly involved in this instance of corruption, and has a son who is Jackson's age.  Yes, it appears North Carolina is one big kakistocracy over-run by corruption, and Reid Wilcox is yet another pathetic example.  Mr. Young has not seen his son Jackson since the fraudulent foreclosure eviction on Feb. 2, 2012, and yet Mr. Wilcox sees his son every day . . .  there is something VERY WRONG with this scenario.

Reid Wilcox                                              Reid Wilcox' son

Unintended Consequences
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.
______________
(1) This fact is relevant because Mr. Young's fiancee, Leah Krier was out of town on that day, and therefore Mr. Young's other car was not available, as it was parked somewhere at RDU airport.