Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens

Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens; Spire Law Officially Announces Filing of Landmark Lawsuit

Largest International Money Laundering Network in History Formed During Obama Administration; U.S. Banks’ Theft of Home Owners’ Money Laundered Through Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates

NEW YORK, NY, Apr 23, 2012 (MARKETWIRE via COMTEX) — In a lawsuit alleged to involve the largest money laundering network in United States history, Spire Law Group, LLP — on behalf of home owners across the Country — has filed a mass tort action in the Supreme Court of New York, County of Kings. Home owners across the country have sued every major bank servicer and their subsidiaries — formed in countries known as havens for money laundering such as the Cayman Islands, the Isle of Man, Luxembourg and Malaysia — alleging that while the Obama Administration was publicly encouraging loan modifications for home owners, it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole hundreds of millions of dollars of home owners’ money during the last decade and then laundered it through offshore companies. The complaint, Index No. 500827, was filed by Spire Law Group, LLP, and several of the Firm’s affiliates and partners across the United States.

Far from being ambiguous, this is a complaint that “names names.” Indeed, the lawsuit identifies specific companies and the offshore countries used in this enormous money laundering scheme. Federally Chartered Banks’ theft of money and their utilization of offshore tax haven subsidiaries represent potential FDIC violations, violations of New York law, and countless other legal wrongdoings under state and federal law.

“The laundering of trillions of dollars of U.S. taxpayer money — and the wrongful taking of the homes of those taxpayers — was known by the Administration and expressly supported by it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own agencies’ reports — and reports from the Department of Homeland Security — about this situation, dating as far back as 2010. Worse, the Administration purported to endorse a ‘national bank settlement’ without disclosing or having any public discourse whatsoever about the thousands of foreign tax havens now wholly owned by our nation’s banks. Fortunately, no home owner is bound to enter into this fraudulent bank settlement,” stated Eric J. Wittenberg of Columbus, Ohio — a noted trial lawyer, author and student of US history — on behalf of plaintiffs in the case.

The suing home owners reveal how deeply they were defrauded by bank and governmental corruption — and are suing for conversion, larceny, fraud, and for violations of other provisions of New York state law committed by these financial institutions and their offshore counterparts.

This lawsuit explains why loans were, in general, rarely modified after 2009. It explains why the entire bank crisis worsened, crippling the economy of the United States and stripping countless home owners of their piece of the American dream. It is indeed a fact that the Administration has spent far more money stopping bank investigations, than they have investigating them. When the Administration’s agencies (like the FDIC) blew the whistle, their reports were ignored.

The case is styled Abeel v. Bank of America, etc., et al. — and includes such entities as ML Banderia Cayman BRL Inc., ML Whitby Luxembourg S.A.R.L. and J.P Morgan Asset Management Luxembourg S.A. — as well as hundreds of other obscure offshore entities somehow “owned” by federally chartered banks and formed “under the nose” of the Administration and the FDIC.

Commenting further on the case, Mr. Wittenberg stated: “As if it is not bad enough that banks collect money and do not credit it to homeowners’ accounts, and as if it is not bad enough that those banks then foreclose when they know they do not have a legally enforceable interest in the realty, we now learn that they have been operating under unbridled free reign given by the Administration and some states’ Attorneys General in formulating this international money laundering network. Now that the light of day has been shined on it, I believe we can all rest assured that the beginning of the end of the bank crisis has arrived.”

All United States home owners may have the right to bring a lawsuit of this kind if they paid money to a national bank servicer during the years 2003 through 2009.

One lawyer impacted by the corruption — Mitchell J. Stein, who formerly represented the FDIC, the RTC and the FSLIC during the Savings and Loan scandal of the 1990s, and who predicted all of the foregoing in open court two years ago — commented: “Two years ago, I remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators including Senator Dianne Feinstein’s office during a multitude of in-person meetings, that the ongoing violations of the Patriot Act by these financial institutions was outrageous and a breach of the public trust of unprecedented proportions,” said Stein.

“The size and scope of this misconduct — stretching to far-away islands never before having standing as approved United States Bank affiliates — is remarkable and emblematic of what we have seen,” he continued. “The bank crisis represents the height of corruption and brazen behavior where our historically trusted financial institutions have no qualms about breaking the law, because they have the Administration behind them. Banks do well enough when they operate lawfully without needing to be permitted to operate as criminal enterprises that steal money from United States citizens.”

Additional plaintiffs’ counsel Nicholas M. Moccia commented: “Having been in the trenches of the bank crisis for years, I always knew that the misconduct was being conducted by a network. When I started litigating against banks, however, I could have never imagined that it would be this extensive. I look forward to taking discovery of these thousands of obscure foreign entities and to obtaining for homeowners their constitutionally entitled injuries for this international ring of theft and deception.”

Comments were requested from the Attorney Generals’ offices in NY, CA, NV, and MA and the White House, but no comment was provided.

About Spire Law Group

Spire Law Group, LLP is a national law firm whose motto is “the public should be protected — at all costs — from corruption in whatever form it presents itself.” The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.

SOURCE: http://www.marketwatch.com

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4closureFraud.org

Comments
19 Responses to “Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens”
  1. exposerYeah says:

    http://goo.gl/koMnC
    Yeah… The conspiracy story here is beyond ridiculous. lets get real for a moment. Check out that link, neat timeline slideshow..

    I would never give a known foreclosure-victim targeting slick TV lawyer my only $ available to defend against the banks..

    ‘COMRADE CAPITALIST’ <– talk about a propaganda quip – anyone who trusts people who put these words in their press release will…. Well, the courts will treat you poorly for it…. All part of Stein's Plan.

  2. Diane says:

    I would love to join this type of action, as it is almost impossible to get attorney representation in the State of North Carolina since Bank of America owns the government from top all the way down to the Clerk of Courts.

    What concerns me though is Spire Law Group is the Mitchell Stein law group, operating under a name change. I’ve heard some very questionable stuff about them. I believe the cost to join this mass joinder is $5,000.

  3. FTB says:

    Has anyone been able to download the complaint? I have searched and have not come up with anything. After doing a search on the law firm, they may not be on the up and up. I would love to read the complaint if anyone has access to it.

  4. Leah Dean says:

    May I also advise many of you who are in this situation to check your appraisal district and see how many homes have been foreclosed on just this year by Bank of New York or MERS. Go to your county records clerk if you have not been foreclosed on yet. Get a certified copy of your records (Deed of Trust, Assignments, Endorsements) etc and see who is listed as your lender. Pay for that certified copy you will be glad you did. The banks sold your note and legally had 90 days after it was sold to notify you in writing. For every time the note was sold on Wall Street, the promissory note should have been endorsed, notarized and dated within a 90 day period and the borrower should have been notified. Where you ever notified? I had not a clue this happened until I received a notice from Recontrust advising they were foreclosing on behalf of Original Mortgagee MERS and Current Mortgagee Bank of New York (who are they?) When did they come into play?
    Go to the Security Exchange Commission, pool up the Securitized trust on your notice of default mine is CWABS 2007-2. I found my account in that pool. Once you find your account number send a email to the SEC and ask for a Certified copy of the pooling and Service Agreement this is free information. Go into your county land records and review the robosigning, illegal notarization’s that have been committed by MERS and the Banks. I live in Texas. You will go to Texasfile.com Find your county and report this fraud to your County Commissioner. Flood your Attorney General and the OCC with copies of letters notifying your bank of these findings and disput your debt in writing. Make the bank prove they own the promissory note, and they are properly endorsed, and dated within 90 days after selling the promissory note. You will find they can’t do it.

  5. charlie rice says:

    THE BANKS MY HAVE STOLE YOUR HOME & I HAVE THE PROOF FOR ALL TO SE E THE TRUTH & TO PROSECUTE!!!!

    IT’S TIME TO WAKE UP!!

    Most people may NOT know earlier and between 2005-07 that their loan mortgage was securitized, and if you don’t know what that mean it mean this…

    IN THE CASE OF A SECURITIZED MORTGAGE NOTE THERE IS NO PARTY WHO HAS THE LAWFUL RIGHT TO ENFORCE A FORECLOSURE, AND THE PAYMENTS ALLEGED TO HAVE BEEN IN DEFAULT HAVE, IN FACT, BEEN PAID TO THE PARTY TO WHOM SUCH PAYMENTS WERE DUE…

    *NOW THE BANKS AND THEIR LAWYERS ARE BRINGING FRAUD UPON THE COURTS!

    IT’S TIME TO DISBAR THE LAWYERS, AND HAVE THE BANKS SANCTIONED….

    You can google the “Explaination of Securitization by Richard Kessler” and download the pdf booklet that is 1-15 pages

    The key is to over turn these GREEDY Bailout Double Dipping Banks because they got paid a 1 trillion dollar bailout in 2008.

    You can Google the “Top 25 Subprime Lenders” and it will give you the list of the banks.

    Now some of the banks have went out of business, and these banks that went out of business was most of the people original “LENDERS”

    Those LENDERS have bundled, and SOLD those homeowners mortgages to WALL STREET.

    RULE ONE: REMEMBER IN YOUR DEED OF TRUST number (24) Substitute Trustee

    ONLY THE “LENDER” RESERVE THE RIGHT TO ASSIGN A SUBSTITUTE “NO ONE ELSE AT ANY TIME.”

    SO WATCH FOR MERS/RECONTRUST NOMINATING AND SUBSTITUTION themselves along other banks as TRUSTEE BECA– USE YOU’RE THE LANDLORD and they’re trying to bring FRAUD on your TITLE..

    THEY CAN’T DO IT BECA– USE YOUR “ORIGINAL LENDER RESERVES THAT RIGHT.”

    IF THEY DID DO IT, THEN THEY HAVE ALSO COMMITTED FRAUD…

    THIS IS THE MAIN REASON BEHIND ALL THE OUT OF CONTROL FRAUD ON THE FORECLOSURES… SO WE DO HAVE A RIGHT TO FIRE OUR TRUSTEE!!

    RULE TWO: THAT MEAN ONLY “YOUR ORIGINAL LENDER” CAN FORECLOSE… BUT SINCE THEY SOLD THE MORTGAGE, AND IT BECAME SECURITIZED THEY CAN’T FORECLOSE BECA– USE THE DEBT WAS PAID, AND THEY’RE OUT OF BUSINESS.

    *REMEMBER ALL MORTGAGE SECURITIZATIONS ARE NOW FRAUD!*

    RULE THREE: SO IT’S YOUR HOME FREE & CLEAR… THE ONLY CATCH IS YOU HAVE TO PROVE YOUR MORTGAGE WAS SECURITIZED. BECA– USE YOUR LENDER BROKE THE CONTRACT AND CHANGED THE COURSE OF THAT MORTGAGE LOAN INTO A STOCK BY SELLING IT TO WALL STREET.

    THAT’S THE SECRET THE BANKS DON’T WANT YOU TO KNOW….

    NOW THIS IS WHY THEY’RE FORECLOSING SO FAST ON HOMEOWNERS BECA– USE THE AVERAGE HOMEOWNER HASN’T PUT IT ALL TOGETHER AND THEY’RE LOSING.
    RULE FOUR: THIS IS WHY THE BANKS ARE DOUBLE DIPPING WHICH IS ANOTHER VIOLATION OF THE PSA. THAT’S ALSO FRAUD…

    RULE FIVE: THE KEY TO FIND OUT IF YOUR LOAN WAS SECURITIZED IS TO GO BEHIND THE SCENES INTO THE INTERNET CYBER WORLD AND GET YOUR INFORMATION…

    1. GO FIND YOUR DEED OF TRUST, AND FIND THE BANK AND THE ADDRESS OF YOUR LENDER.

    2. FIND OUT THE YEAR YOU BOUGHT YOUR HOME.

    3. ABOUT 3 MONTHS AFTER YOU BOUGHT YOUR HOME IT BECAME SECURITIZED.

    4. GO ONLINE INTO THE SEC SECURITIES EXCHANGE COMMISSIONS AND LOOK FOR YOUR BANK AND THE YEAR OF YOUR LOAN.

    5. ONCE YOU LOCATE IT TRACK THE DATE, AND YEAR AND LOOK INTO THE PROSPECTUS REPORT.

    6. YOU SHOULD SEE THE FILE NUMBER AND IT SHOULD TELL YOU WHEN YOU MORTGAGE WAS FILED.

    7. THEN LOCATE YOU BANK INSIDE THE PROSPECTUS AND YOU SHOULD SEE YOUR BANK AND IT SHOULD HAVE THE SAME ADDRESS ON YOUR DEED OF TRUST, AND YOUR BANK SHOULD BE THE RESPONSIBLE
    PARTY FOR SECURITIZATION. THERE’S YOUR PROOF!

    8. NOW SINCE YOU HAVE THAT PROOF YOU THEN CHALLENGE THESE PRETENDER SERVICER BANKS THAT YOU’RE PROBABLY PAYING AND YOU NOW SUE THEM FOR UNFAIR BUSINESS PRACTICES, AND FRAUD.
    BECA– USE THEY’RE DOUBLE DIPPING ON A MORTGAGE THAT WAS SECURITIZED.

    9. NOW WITH THAT INFORMATION, THE 25 SUBPRIME LENDERS, AND THE BOOK ON EXPLAINATION OF SECURITIZATION YOU NOW HAVE YOUR PROOF TO BEAT THE BANKS AT THEIR OWN GAME, AND KEEP YOUR
    HOME, AND SUE THEM FOR DAMAGES..

    THAT’S HOW I FOUND MY INFORMATION… GOOD LUCK..BLOG, AND BLOG, SPREAD THE WORD TO EVERYONE!

    Make sure that you use these cases, and your constitutions
    A. Munger v Moore
    1. U.S. Bank National Association v. Ibanez

  6. Fury says:

    i got chills when i read Spire Law Group’s motto, “the public should be protected — at all costs — from corruption in whatever form it presents itself.”

    i thank them for filing this lawsuit.
    we want full restitution for the mortgage and f/c crimes that have been committed against us.

    this law firm has established the money trail.

    God Bless them!

  7. Leah Dean says:

    Interested to know how you can get in on this lawsuit. My securitized mortgage is a part of CWABS 2007-2.
    Bank of America is now threatening to come and throw me out of my home. After several Qualified Written Request, letter’s to MERS and Bank of New York Mellon asking if these so called Mortgagees had a real interest in the property, I have never received a response.

    I was never once notified that my note had been sold to Bank of New York. I closed on my home January 23, 2007 and my home was placed in a trust CWABS 2007-2 on or around February 8, 2007 around the cut off date.

    I am very interested in finding out more about this lawsuit.

    dean_leah@yahoo.com

  8. homelost says:

    And to become a participant besides the satisfaction of knowing Obama and his cronies (banks and all) will be
    prosecuted in some way shape and form..what do we gain from this??

  9. Me and Me Too says:

    How do we become a participant in this lawsuit?

  10. Me and Me Too says:

    Will Eastern Savings Bank in Maryland be included in this lawsuit cause they just got a Supreme Court Justice on Long Island to sign a foreclosure against me. I lived in my home for 35 years and when I became ill refinanced with them.
    Your details as to the fraud etc. is evident in my mortgage as well, but I was told that they know how to work the court.
    Hope you are right on time for me because my sale date is coming up very soon, they (Eastern) is moving very quickly.
    I hope you can help me and my family before it is too late

  11. javagold says:

    Fuck Obama and his entire administration…… i Never will vote for the POS again

  12. Lucia says:

    How does one become a participant in this suit? Sorry for the typo in my first post.

  13. Lucia says:

    How does one become amparticipant od this suit?

  14. proseway says:

    How is it possible that the filing of this suit has not made national news?

  15. KT says:

    Excellent read, made my day!! T.Y

  16. To Tell The Truth says:

    WOW! Like I said, the rest is yet to come…

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