FORECLOSURE FRAUD | by DinSFLA - Part 6
Branch Banking & Trust Company Agrees to Pay $83 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

Branch Banking & Trust Company Agrees to Pay $83 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

04 October 2016

FOR IMMEDIATE RELEASE Thursday, September 29, 2016 Branch Banking & Trust Company Agrees to Pay $83 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending Branch Banking & Trust Company (BB&T) has agreed to pay the United States $83 million to resolve allegations that it violated the False Claims Act by […]

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Wells Fargo whistleblower Yesenia Guitron says she flagged fraud years ago

Wells Fargo whistleblower Yesenia Guitron says she flagged fraud years ago

04 October 2016

CBS- Illinois is now the second state to punish Wells Fargo for its phony accounts scandal. On Monday the state joined California in suspending investment activitywith the bank for a year. Wells Fargo CEO John Stumpf has claimed he first heard about the creation of fake accounts in 2013, but only on “CBS This Morning,” one whistleblower […]

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Cathay Bank v. Accetturo | Accordingly, because Cathay Bank had no right to file this foreclosure action, we reverse the circuit court’s March 5, 2015, order granting Cathay Bank’s motion for summary judgment and vacate all subsequent orders

Cathay Bank v. Accetturo | Accordingly, because Cathay Bank had no right to file this foreclosure action, we reverse the circuit court’s March 5, 2015, order granting Cathay Bank’s motion for summary judgment and vacate all subsequent orders

03 October 2016

Cathay Bank v. Accetturo (Ill. App. Ct. 2016) View original: From the court   |   Our backup _____________________________________________________ Cathay Bank v. Accetturo,  2016 IL App (1st) 152783 Appellate Court of Illinois Filed: September 30th, 2016 Precedential Status: Non-Precedential Citations: 2016 IL App (1st) 152783 Docket Number: 1-15-2783 Judges: Unknown Nature of suit: Unknown   2016 IL App (1st) 152783 […]

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in re: CARSSOW-FRANKLIN | Wells Fargo Beatdown over endorsements that are not “genuine”

in re: CARSSOW-FRANKLIN | Wells Fargo Beatdown over endorsements that are not “genuine”

03 October 2016

H/T Gary Dubin / Liberty Road Media Case 7:15-cv-01701-KMK Document 26 Filed 09/30/16 Page 1 of 29 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re: CYNTHIA CARSSOW-FRANKLIN, Debtor. ————————————————————-X WELLS FARGO BANK, N.A., Appellant, -v- CYNTHIA CARSSOW-FRANKLIN, Appellee. Case No. 15-CV-1701 (KMK) OPINION AND ORDER Appearances: Linda M. Tirelli, Esq. Linda M. […]

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MA Secretary Galvin Charges Morgan Stanley with Running Unethical Sales Contests to Cross Sell Banking Business to Brokerage Customers

MA Secretary Galvin Charges Morgan Stanley with Running Unethical Sales Contests to Cross Sell Banking Business to Brokerage Customers

03 October 2016

COMMONWEALTH OF MASSACHUSETTS OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION ONE ASHBURTON PLACE, ROOM 1701 BOSTON, MASSACHUSETTS 02108 IN THE MATTER OF: MORGAN STANLEY SMITH BARNEY LLC, RESPONDENT. Docket No. E-2016-0055 ADMINISTRATIVE COMPLAINT I. PRELIMINARY STATEMENT The Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth […]

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Strange Deaths of JPMorgan Workers Continue

Strange Deaths of JPMorgan Workers Continue

03 October 2016

Wall Street on Parade- Last Thursday, September 22, 2016, the body of Ann Korkki, a Senior Administrative Assistant in the Wealth Management division of JPMorgan Chase in Denver, Colorado was found with the body of her sister, Robin Korkki, inside their luxury vacation villa at the Maia Resort on Seychelles, an island in the Indian […]

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Fake accounts scandal threatens city government’s relationship with Wells Fargo

Fake accounts scandal threatens city government’s relationship with Wells Fargo

02 October 2016

Biz Journals- The City of Philadelphia is reviewing its longstanding relationship with Wells Fargo & Co. after the bank was fined $185 million and fired 5,300 employees due to its sales tactics scandal. On the heels of the state of California suspending doing business with the San Francisco-based bank for the next 12 months, a […]

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Illinois is joining California in suspending Wells Fargo & Co. from handling “billions” of dollars

Illinois is joining California in suspending Wells Fargo & Co. from handling “billions” of dollars

01 October 2016

Bloomberg- Illinois is joining California in suspending Wells Fargo & Co. from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts. Treasurer Michael Frerichs said in a statement the he will announce details of the ban during a news […]

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DOJ Reaches $4 Million Settlement with Wells Fargo Dealer Services for Illegally Repossessing Servicemembers’ Cars

DOJ Reaches $4 Million Settlement with Wells Fargo Dealer Services for Illegally Repossessing Servicemembers’ Cars

01 October 2016

FOR IMMEDIATE RELEASE Thursday, September 29, 2016 Justice Department Reaches $4 Million Settlement with Wells Fargo Dealer Services for Illegally Repossessing Servicemembers’ Cars The Justice Department announced today that Wells Fargo Bank N.A., doing business as Wells Fargo Dealer Services, has agreed to change its policies and pay over $4.1 million to resolve allegations that […]

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CLASS ACTION |Polonsky v. Wells Fargo | 5000 Wells employees sue for wrongful termination!

CLASS ACTION |Polonsky v. Wells Fargo | 5000 Wells employees sue for wrongful termination!

30 September 2016

H/T Dave Kreiger SUPERIOR COURT OF CALIFORNIA COUNTY OF LOS ANGELES, UNLIMITED JURISDICTION ALEXANDER POLONSKY; BRIAN ZAGHI each individually, and on behalf of all others similarly situated, Plaintiffs, vs. WELLS FARGO BANK & COMPANY, a Delaware Corporation; WELLS FARGO BANK, NATIONAL ASSOCIATION; and DOES 1 through 50, inclusive, Defendants. CLASS ACTION COMPLAINT FOR: 1. WRONGFUL […]

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Lawmakers: Wells Fargo a ‘criminal enterprise’ like Enron

Lawmakers: Wells Fargo a ‘criminal enterprise’ like Enron

29 September 2016

IT’S NOT JUST WELLS FARGO…IT’S ALLLLLL OF THEM!!! CNN MONEY- Wells Fargo CEO John Stumpf is running “a criminal enterprise” and should be fired or even jailed, several members of Congress claimed. Rep. Michael Capuano on Thursday said the Wells Fargo (WFC) scandal and the people who lead the bank reminded him of “the guys […]

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OCC Assesses $20M Penalty Against Wells Fargo; Orders Restitution for Violations of the Servicemembers Civil Relief Act

OCC Assesses $20M Penalty Against Wells Fargo; Orders Restitution for Violations of the Servicemembers Civil Relief Act

29 September 2016

NR 2016-119 FOR IMMEDIATE RELEASE September 29, 2016 Contact: Bryan Hubbard (202) 649-6870 OCC Assesses Penalty Against Wells Fargo; Orders Restitution for Violations of the Servicemembers Civil Relief Act WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $20 million civil money penalty against Wells Fargo Bank, N.A., and ordered the bank […]

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Foreclosure Workshop #22 (A Two-Hour Special with Guest Virginia Parsons):  U.S. Bank, Trustee v. Mattos — A Case Study on How the Hawaii Supreme Court on September 15, 2016 While Conducting Oral Argument Confronted Some of the Most Important Present Issues in Securitized Trust Judicial Foreclosure Litigation.

Foreclosure Workshop #22 (A Two-Hour Special with Guest Virginia Parsons): U.S. Bank, Trustee v. Mattos — A Case Study on How the Hawaii Supreme Court on September 15, 2016 While Conducting Oral Argument Confronted Some of the Most Important Present Issues in Securitized Trust Judicial Foreclosure Litigation.

29 September 2016

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday – October 2, 2016 Foreclosure Workshop #22 (A Two-Hour Special with Guest Virginia Parsons): U.S. Bank, […]

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Italy’s Banks Look to an Unlikely Savior: Jamie Dimon

Italy’s Banks Look to an Unlikely Savior: Jamie Dimon

29 September 2016

WSJ- After repeated efforts to salvage Italy’s most troubled banks, the country’s government is leaning on an unlikely would-be savior: James Dimon. The J.P. Morgan Chase & Co. chairman and chief executive is an Italophile, his bank has long had a presence in Italy and it has built close ties to the government. It also […]

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BoOm Goes The Dynamite! California Suspends ‘Business Relationships’ With Wells Fargo

BoOm Goes The Dynamite! California Suspends ‘Business Relationships’ With Wells Fargo

28 September 2016

Bloomberg – California, the nation’s largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer accounts. The suspension, in effect immediately, will remain in place for 12 months. A “permanent severance” will occur if […]

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Wells Fargo Bank N.A. headed to trial – Wells Fargo attempts to Enforce Fake Promissory Note(s),” as the amended complaint lists a cadre of characters in the securitization chain

Wells Fargo Bank N.A. headed to trial – Wells Fargo attempts to Enforce Fake Promissory Note(s),” as the amended complaint lists a cadre of characters in the securitization chain

28 September 2016

In the wake of the massive Wells Fargo Bank N.A. fake-bank-account scam, and Gretchen Morgenson’s September 21, 2016, New York Times piece, In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses connecting the bogus account practices to Wells’ misconduct in connection with mortgages, and mortgage backed securities, attached are pleadings concerning a case headed for trial against […]

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Wells Fargo slammed with multiple lawsuits over fake accounts & bogus sales

Wells Fargo slammed with multiple lawsuits over fake accounts & bogus sales

28 September 2016

RT- Six former Wells Fargo employees filed a class action lawsuit in federal court against the bank claiming they were demoted or fired when they refused to participate in the bank’s illegal practices of opening fake accounts. The lawsuit is the just the latest of allegations surrounding fraudulent practices which have mostly revolved around the […]

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Wells Fargo CEO forfeits stock awards worth $41 million as company launches probe

Wells Fargo CEO forfeits stock awards worth $41 million as company launches probe

27 September 2016

CNN MONEY- Wells Fargo CEO John Stumpf will forfeit much of his 2016 salary — including his bonus and $41 million in stock awards — as the bank launches a probe into its phony accounts scandal. The fallout from the controversy has also resulted in its first major executive departure. Carrie Tolstedt, who headed the […]

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Mortgage-servicer faces allegations of foreclosure fraud

Mortgage-servicer faces allegations of foreclosure fraud

27 September 2016

WMC Action News 5 – A Shelby County Circuit Court lawsuit and government records revealed a pattern of fraud allegations against mortgage-servicing company Nationstar Mortgage. The WMC Action News 5 Investigators launched an investigation of the Dallas-based mortgage-servicer after it foreclosed on the Cordova, Tennessee, home of Linda Howard. Howard and her husband had owned the […]

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Surviving the Zombie [Foreclosure] Apocalypse

Surviving the Zombie [Foreclosure] Apocalypse

26 September 2016

JD SUPRA- Preparing For A World When Lis Pendens Protections Are All But Ober “BEWARE REAL PROPERTY LITIGATORS” warns a former chair of the Real Property, Probate and Trust Law Section of the Florida Bar. This advice, given in response to a new appellate ruling blunting the protections of Florida’s lis pendens statute, signals the […]

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TFH 9/25 | What Every Homeowner Needs To Know About the Latest Foreclosure Trends and Developments in American Law in Order To Survive in an Inconsistent Legal System Largely Out of Service Which Treats Like Cases Differently.

TFH 9/25 | What Every Homeowner Needs To Know About the Latest Foreclosure Trends and Developments in American Law in Order To Survive in an Inconsistent Legal System Largely Out of Service Which Treats Like Cases Differently.

25 September 2016

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday – September 25, 2016 What Every Homeowner Needs To Know About the Latest Foreclosure Trends and […]

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WILLIAM J. PAATALO, Plaintiff, v. JPMORGAN CHASE BANK, Defendant. | DISMISSED

WILLIAM J. PAATALO, Plaintiff, v. JPMORGAN CHASE BANK, Defendant. | DISMISSED

22 September 2016

WILLIAM J. PAATALO, Plaintiff, v. JPMORGAN CHASE BANK, Defendant. Case No. 6:15-cv-01420-AA. United States District Court, D. Oregon, Eugene Division. September 7, 2016.William J. Paatalo, Plaintiff, represented by John A. Cochran, Pacific Property Law LLC. J.P. Morgan Chase Bank, Defendant, represented by Frederick B. Burnside, Davis Wright Tremaine, LLP, Kaley L. Fendall, Davis Wright Tremaine, […]

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