WHOA!!! Another CLASS ACTION FILED Against DJSP & MERS – Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP, Inc.

Tick tock, tick tock, tick toc, tic toc…

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BOOM!!!

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Lets see, in the past couple weeks, we discussed…

Foreclosure Fraud Exposed!!! Foreclosures Bring Wealth, Rebukes for Florida Lawyer David J. Stern

Attention ALL Florida Judges: ~ With all that is know known, with all the frauds that have been presented, with all of the reports and with all of the current / pending high level investigations into these Foreclosure Mills, how can summary judgments be granted in ANY contested case at all? ~ I guarantee that … Read more

Florida Bar v. David J. Stern – Complaint, Consent Judgement, Report of Referee, and Judgment

Circa 2002 Below are copies of a Florida Bar Complaint that was filed against David J. Stern regarding his foreclosure techniques back in 2002… Let’s review and see if he changed his ways or violated any of the issues brought by the bar… From the complaint… COUNT I A significant portion of work performed by … Read more

Part Deux – 2nd Full Deposition of the Infamous Cheryl Samons of the “Law Offices” of David J. Stern

Hat tip to reader jstchillin for emailing over this depo… I now present to you a 2nd Depo of the Infamous Cheryl Samons of the “Law Offices” of David J. Stern… See Also… Cheryl Samons Notary Fraud? – Full Deposition of David J. Stern’s Notary Shannon Smith Posted by Foreclosure Fraud on July 16, 2010 · … Read more

KABOOM!!! DJSP Enterprises, David J. Stern Sued for Violations of Federal Securities Laws – Stan Cooper and Neeraj Methi v Djsp Enterprises, Inc; David J. Stern and Kumar Gursahaney

STAN COOPER and NEERAJ METHI, Individually and On Behalf of All Others Similarly Situated, Plaintiffs, v. DJSP ENTERPRISES, INC; DAVID J. STERN; and KUMAR GURSAHANEY COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS Case 0:10-cv-61261-WJZ ~ Looks Like More Trouble in Paradise ~ Check out the complaint below… ~ 4closureFraud.org ~ STAN COOPER and NEERAJ … Read more

DJSP Enterprises, Inc. DJSP 401(k) / ERISA Stock Fraud Class Action

Source: www.lawyersandsettlements.com DJSP Enterprises, Inc. has been accused of securities fraud. If you are a current or former employee or are a member of any of DJSP Enterprises, Inc. investment plans or profit sharing retirement plans you may be included in this possible DJSP Enterprises, Inc. 401(k) or Employee Retirement Income Security Act (ERISA) class … Read more

Did David J. Stern DJSP Disclose that 1/3 Owner Kerry S. Propper was the Subject of DOJ Investigation and SBA Law Suit

As you all know, David J. Stern, Foreclosure King, is under investigation for securities fraud. STAN COOPER and NEERAJ METHI, Individually and On Behalf of All Others Similarly Situated, Plaintiffs, v. DJSP ENTERPRISES, INC; DAVID J. STERN; and KUMAR GURSAHANEY COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS Case 0:10-cv-61261-WJZ He has also recently been … Read more

Now, this Breaking Development comes in from StopForeclosureFraud.com

CLASS ACTION FILED | Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP, Inc.

Here are excerpts of the complaint:

Beginning in or about 1999, the Defendant Firm joined with Defendant Merscorp, Inc., and other conspirators in the fraudulent scheme and RICO enterprise herein complained of. The employees of the Defendant Firm, including many licensed attorneys, have become skilled in using the artifice of MERS to sabotage the judicial process to the detriment of borrowers, and, over the past several years, have routinely relied upon MERS to do just that.

As Stern boasted to a room of investors at a recent promotional event, recent “direct source initiatives” by the larger lenders increasingly enable the Defendant Firm, DJSP, and other entities recently formed by Stern to take mortgages “from cradle to the grave.”

The whole purpose of MERS is to allow “servicers” to pretend as if they are someone else: the “owners” of the mortgage, or the real parties in interest. In fact they are not. The standard MERS/Stern complaint contains a lie about this very subject. While the title of the standard complaint makes reference to “lost loan documents,” in the body of the standard complaint, the Defendant Firm alleges that the plaintiff is the “owner and holder” of the note and mortgage. Both cannot be true unless the words used are given new meanings.

With the oversight of Defendant Merscorp and its unknown principals, the MERS artifice and enterprise evolved into an “ultra-fictitious” entity, which can also be understood as a “meta-corporation.” To perpetuate the scheme, MERS was and is used in a way so that to the average consumer, or even legal professional, can never determine who or what was or is ultimately receiving the benefits of any mortgage payments. The conspirators set about to confuse everyone as to who owned what. They created a truly effective smokescreen which has left the public and most of the judiciary operating “in the dark” through the present time.

The preparation, filing, and prosecution of the complaints to “Foreclose Mortgage and to Enforce Lost Loan Documents” were each predicate acts in the pattern of racketeering activity herein complained of, and were actions taken in furtherance of the MERS enterprise. The actions could not have been brought by the Defendant Firm without the MERS artifice and the ability to generate any necessary “assignment” which flowed from it.

By engaging in a pattern of racketeering activity, specifically “mail or wire fraud,” the Defendants subject to this Count participated in a criminal enterprise affecting interstate commerce. In addition to the altered postmarks described below, the mail fraud is the sending of the fraudulent assignments and pleadings to the clerks of court, judges, attorneys, and defendants in foreclosure cases. These Defendants intentionally participated in a scheme to defraud others, including the Plaintiff and the other Class Members, and utilized the U.S. Mail to do so.

These documents were executed by an “Assistant Secretary” or “Vice President,” apparently of MERS. In reality, the person executing the assignments had no knowledge whatsoever of the truth of their contents, and was simply an employee of the Defendant Firm.

Altering common hardware and/or software used by the Defendant Firm so that envelopes used to mail important legal documents, such as final judgments, to defendants contain no date of mailing in the postmark and intentionally delaying in sending the mail until defendants have lost their rights. (Exhibit F). These predicate acts constitute “mail fraud.”

Source : StopForeclosureFraud.com

Here is an explanation from David J. Stern of the continuing foreclosure rout:

One of my favorite questions from one of my believers, one of my investors on the first call-in, “What inning are we in? If this was a baseball game, what inning are we in?” And my response is, we’re only in the 2nd inning. We still have 3 innings of foreclosures left, and after the foreclosures, we have 3 innings of REO liquidation and as the REO liquidations pan out, we get into the re-fi and we get into the origination.[ . . . ]

So yeah, we’re in the 2nd inning, but guess what – when we get to the 9th inning, it’s going to be a doubleheader and we got a second game coming. So when people say, “Oh my God, the economy is bad!” I’m like, “Oh my God, it’s great.” I mean, I hate to hear people are losing their homes and credit isn’t available and credit is such that they can’t re-fi, but if you are in our niche, it’s what we do and it’s what we want to see.

Well that’s pretty arrogant…

But, not nearly as arrogant as this…

Did you know that that Stern wanted to name his bigger boat…

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‘Su Casa es Mi Casa’

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Your House Is My House

That’s some balls…

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The arrogant bastard, David J. Stern, at one time was going to name his 130′  foot boat, ‘Su Casa es Mi Casa,’ Your House Is My House, but his wife at the time nixed that idea, word has it that Stern has ordered a new 160′ foot boat to replace the 130′ footer (too small for his tastes), let’s see if the ‘Su Casa es Mi Casa’ name shows up on the new boat.

From reliable sources in Fort Lauderdale Fl, it appears that Foreclosure Attorney David J. Stern, his photo above, rolled over most of the (STERN) reaped $58.5 million by selling his back-office operations to a new public company (DJSP Enterprises) into a part ownership of the Miami Dolphins Football Team, this jives with all the specialty “Dolphins” license plates on his assortment of 13 or so Porsche, Ferrari, Mercedes and Cadillac vehicles and at one time a 2008 Bugatti Veyron that cost about $1,800,000 or more.

Picture Source and commentary: Bill Warner’s blog

It is time for Karma to do it’s duty…

Check out the NEW Class Action below…

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4closureFraud.org

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Figueroa v Law Offices of David J Stern P a and MERSCORP Inc