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| I Taw Handcuffs! in forum [Market-Ticker]
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Zee
Posts: 658
Incept: 2007-08-28
Sunshine State
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Guess who is not a friend of Obama?
One can't help but wonder if any prosecution would have taken place, if not reported on by 60 Minutes and brought out in the blazing sunshine.
One down, thousands more to go.
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Ponzi_unit
Posts: 8092
Incept: 2007-09-05
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I demand justice for the falsely accused!
I have it on good authority that NO CRIMES WERE COMMITTED! /sarcasim
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Taxpayers witnessed a crime and stayed around long enough to get charged with it.
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Marvinmartian
Posts: 746
Incept: 2011-03-16
Pasadena, CA
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Quote:So now about all those destroyed chains of title and alleged "mortgage trusts" that actually have no mortgages in them.... What about a do-over for all the foreclosures using the fraudulent documents? What happens to those that bought a foreclosure and moved in? |
Steelhead23
Posts: 2037
Incept: 2008-09-09
Portland OR
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Do we have a house lawyer, very familiar with real estate law? There is absolutely no way this could be completely unraveled. Like Marvin says, what happens after there have been legitimate transaction after legitimate transaction piled on top of illegitimate ones? And OMG, the scale of the claims against DocX could be many billions if not trillions (if for example, the triggering of CDS could be blamed on such forgeries). Think I'm crazy? Did DocX sign off on faked income statements and the like? I wonder what this will do to the markets?
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Andysvw
Posts: 1710
Incept: 2010-06-26
Tujunga Ca
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I would not expect any lawyers to comment. Not here anyway.
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Andysvw
Posts: 1710
Incept: 2010-06-26
Tujunga Ca
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Yes it can be unraveled. But only at the county level.
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Vitchilo
Posts: 4571
Incept: 2011-04-27
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Fraud the IRS by a few dollars = 25 years in jail... fraud for billions on mortgages : 2-3 years jail.
Justice? Where?
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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken
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Blurtman
Posts: 563
Incept: 2009-01-24
Banned
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Glad to see it. But she could have gone to jail for a much, much longer time. "The forgery and false declaration counts each allege that the person whose name appears on 68 notarized deeds of release on behalf of the lender is not the person who actually signed the paperwork." "Forgery is a Class C felony and False Declaration is a Class B misdemeanor. If convicted on the most serious count, Brown could face up to seven years in prison for each count. DOCX could be fined up to $10,000 for each forgery conviction and $2,000 for each false declaration conviction." http://montgomery.countynewslive.com/?q=....
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I have a reading comprehension problem and the owner banned me for repeatedly displaying it after being warned.
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Morla
Posts: 815
Incept: 2009-11-09
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I found this picture of Ms. Brown's clients on Wall Street:
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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
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Morla
Posts: 815
Incept: 2009-11-09
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I'm sure they were shocked, shocked I tell you, to learn that their favorite signature mill was in fact a signature mill.
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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
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Jal
Posts: 512
Incept: 2009-03-25
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Quote:Ms. Brown will plead guilty to one felony count of forgery, one felony count of perjury, and one misdemeanor count of making a false declaration.
Brown will be sentenced to a term of imprisonment of not less than two years and not to exceed three years in the Missouri Department of Corrections. sentencing has not yet been set. Quote:pleaded guilty today, admitting her participation in a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders’ offices throughout the United States. The plea, to conspiracy to commit mail and wire fraud, was entered before U.S. Magistrate Judge Monte C. Richardson in Jacksonville federal court. Brown faces a maximum potential penalty of five years in prison and a $250,000 fine, or twice the gross gain or loss from the crime. The date for sentencing has not yet been set. This case is being prosecuted by Trial Attorney Ryan Rohlfsen and Assistant Chief Glenn S. Leon of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Mark B. Devereaux of the U.S. Attorney’s Office for the Middle District of Florida. This case is being investigated by the FBI, with assistance from the state of Florida’s Department of Financial Services. |
Grunwald
Posts: 252
Incept: 2012-06-01
Seattle
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You know damn well that there are banks behind this as well. How about we get those worthless ****ers that run the institutions that outsourced this fraud to a freelancer.
Can we seethe CEO of Citi and the likes get their day in court followed by a date with Leroy?
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Azusgm
Posts: 2388
Incept: 2010-12-02
East Texas
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Quote:There is absolutely no way this could be completely unraveled. Like Marvin says, what happens after there have been legitimate transaction after legitimate transaction piled on top of illegitimate ones? Read the warranty section on the deed. If an unraveling were to occur, the folks who bought foreclosures could end up a wee bit unhappy, especially if they bought without general warranties but provided warranties when they sold. |
Andysvw
Posts: 1710
Incept: 2010-06-26
Tujunga Ca
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My understanding is it goes back to the one that split the note and title.
I wonder what the banks document controls look like?
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Marvinmartian
Posts: 746
Incept: 2011-03-16
Pasadena, CA
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Why didn't they just keep proper records? It aint rocket science.
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Andysvw
Posts: 1710
Incept: 2010-06-26
Tujunga Ca
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It aint rocket science. Its slight of hand.
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Twainfan
Posts: 147
Incept: 2010-12-01
Minnesota
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From what I've seen and read, the original notes no longer exist. A friend went thru foreclosure and she couldn't get a copy of the note. Her note was sold to Fannie. Short of hiring an attorney (which she couldn't afford) there was no way she could get a copy. I suspect the originator shredded the original after they sold it thru MERS to Fannie.
Also, many of the originating businesses no longer exist. IF they pursue this thing, it'll be a megasized can of worms. She must be turning evidence or something, they had her on many instances of this yet she pleads to just one count each for up to 3 years? Something stinks.
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Donethat
Posts: 771
Incept: 2009-04-22
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LPS is mostly service fraud and foreclosure fraud, not sure how much they were involved in MERS juggling to get those trusts in line.
Countrywide and Wells Fargo insiders both reported all original documents were stored in mines in Utah instead of being forwarded to trusts and agents.
Now we need a murder indictment in Vegas.
Whistle blowing is dangerous activity.
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Azusgm
Posts: 2388
Incept: 2010-12-02
East Texas
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You don't get your house note back and you don't get your cancelled original checks back anymore either. Somehow, this seems like the way banks do business now. Not saying it's right. Just saying they seem to share some paths on banking algorithms for document handling.
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Killben
Posts: 205
Incept: 2009-12-07
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This is a drop in the ocean. We need more handcuffs to even call it a beginning -- especially on the banksters! Till then as Charlie "Suck it in" Munger says we will have to suck it and cope!
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Andysvw
Posts: 1710
Incept: 2010-06-26
Tujunga Ca
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We have been hearing from the start that the titles were destroyed or lost or sent off to a mine or they are at NY melon.
They better not have been destroyed. If they were all pensions are toast. This was my first tip off. If they are at NY melon. In what pool is each deed in and when did it get their? No way were they lost that is preposterous. Are they at Fanny/freddy/the Fed? Then what exactly is a MBS?
To date not one judge has even asked for and gotten actual documentation. What does that say about our system of justice? Thats why lawyers are not chiming in. That blind lady justice traded her scales for a hose.
I hope a grand jury can find the true answer to the question of where our titles are. How and when they got there? When that truth comes out it will not be polished, no it will be ugly.
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Mannfm11
Posts: 3533
Incept: 2009-02-28
DFW, Tx
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Robo signers? Think their customers really didn't know? It would have then been conspiracy to commit fraud and the banksters lawyers would turned them into grated cheese. They knew these documents had to be forged or they wouldn't be produced.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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