Wells Fargo Charged With Fraud In Mortgage Morass

Looks like investors are coming out of the woodwork lately…

Again, how could of all these investors been defrauded by Wall Street, SHOULDN’T THEY OF KNOWN BETTER?

How could of all these investors been defrauded by Wall Street without the homeowners being defrauded as well?

Everything that was misrepresented to the investor was also misrepresented to the borrower. It was all a lie. It couldn’t of worked any other way!

Keep Them Foreclosure Summary Judgments Coming Florida!

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Let’s Push Those Cases Through and Clear Them Dockets!

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No Issues Here Folks!

EXAMINER

The International Bank Activities Reform Commission is charging Wells Fargo, partly owned by Warren Buffet and the Gates Foundation with fraud in their global involvement with the mortgage morass which continues impacting the global economy.

In a complaint filed with the European Monetary Commission and the World Court in the Hague, Gabor S.Acs. one of the founders of IBARC stated, “Wells should get a Wells Notice from the United States Securities and Exchange Commission soon if they are on top of this investigation at the Justice Department.”

The complaint alleges that Wells Fargo, their Directors, Officers and Major Institutional Stockholders including Goldman Sachs knew or should have known that billions of dollars in first and second mortgages originated, packaged and sold as securities by Wells contained false financial information provided by real estate brokers. mortgage brokers and borrowers, making it impossible for the borrowers to pay back the loans or to be qualified to even make the monthly payments without refinancing over and over during a 30 year period that falsely inflated the cost of housing in the United States and the world over as a result, causing serious economic damage to hundreds of millions of humans around the world.

Read more: Wells Fargo Charged With Fraud In Mortgage Morass

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4closureFraud.org

Comments
9 Responses to “Wells Fargo Charged With Fraud In Mortgage Morass”
  1. karrie says:

    Donna, hang in there, thank you for blazing a trail, I am still pursuing our options to do the same. I signed your petition also. Don’t give up, the pressure on the govt and banks is growing.

  2. Thomas Perusi says:

    I tried to work with wells fargo for 3 years on a short sale or deed in lieu and they refused to work with me or my 3 or 4 Realtors. They finally put it up for auction when I had my 3rd short sale setup and all paper work in for $230,000. Wells fargo bought it back at auction for $148,000 and sent me a 1099 for the difference of the 400,000 loan and the $148 k they bought it back. We where turned down for loans on this property and was happy we did not qualify because we where scammed into investing by what we thought was a close friend. Wells fargo made sure we got the loan because they where the bank the condo was using even though they knew we did not qualify. If anyone can help me with info about civil lawsuit or anything please write me back. The property was in Florida and I live in Tennessee and every time I have contacted a lawyer they say I need a florida lawyer and when I call them they say I need a lawyer from up here. I have lost so much money on a $50,000 dollar investment which is now up to $250.000 and with the 1099 they made it easy for the IRS to come after me now. Please Please I need help thank you tducksoup1@yahoo.com

  3. Mike says:

    People, we need to stop rolling over and taking it from the bankers and the government, we need to take to the streets and even use violence if necessary to TAKE OUR COUNTRY AND FREEDOMS BACK!!!!!!!!!!!

    We should hang the bankers and the law makers that they influenced that allowed this to happen.

  4. FUTURE says:

    I have exhuasted my admin remedy. no one from the bank answered any of my questions and it is 80 days now. what do i do in the court room to file a default….?

    i sent the request for not with allonge
    i sent qualified written request given 60 days to respond per tila
    i sent the letter given 3 days more to respond

    im in maryland

    thanks so much!!!

  5. donna says:

    Wells Fargo committed prosecutable crime against us. We lost our home. Something is wrong with this picture. Here are the facts.

    1. it is illegal for Wells Fargo to make mortgage loan to us based on hugely inflated appraisal.

    Fact: – Wells Fargo’s fraudulent appraisal valued our home at $718,000

    – Wells Fargo’s own review appraisal valued our home at $475,000

    – Nevada Attorney General’s office suspended the appraiser’s license for committing appraisal fraud on our home.

    – Nevada Appraiser Licensing Board mandated the appraiser to complete appraisal fraud course before regaining his real estate appraiser license.

    – Nevada Revised Statue NRS 205.372 states that it’s category C felony to make mortgage loans based on fraudulent appraisal.

    – Cases of Attorney General’s indictments against attorneys, loan brokers for teaming up make fraudulent loans to defraud homeowners.

    2. it is illegal for Wells Fargo to wrongfully foreclose our home based on fraudulent appraisal and mortgage loan.

    You can find all the facts on our website. http://www.wellsfargomortgagefraud.com

  6. Mr. Acs and IBARC are not mainstream and leave me credulous. This report strikes me like the 13th chime on a grandfather’s clock. Not only is it absurd but it also calls the preceding 12 into question.

  7. Michael says:

    Uh, yeah… Investors had no idea the loans weren’t sustainable unless they were continually flipped and refinanced, with lots of fees for all of course paid for by homeowners. Sophisticated, professional money managers with MBA’s from Ivy League schools .. no idea.

    But the borrowers who were run through the mortgage making machine like a cow being led to the slaughterhouse had the responsibility to know. Investors … here’s your $12 trillion bailout. If we hadn’t given it to you those notes would have been sold for a few cents on the dollars to new banks that could have refi’d them under sustainable payment terms. You’d have lost your shirts but I think that’s part of the risk of investing. Homeowners, on the other hand, here’s your rocket docket.

  8. Elyse says:

    I would urge anyone reading this blog to watch this video, below, even if you have to type it into your browser…it is a 90 minute explanation of what caused the mortgage meltdown…

    Would love to hear back from some of you…
    Elyse
    (888) 771-6611

    http://www.hulu.com/watch/59026/cnbc-originals-house-of-cards

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