Formal Criminal Charge Filed in Florida Against Lorraine Brown, President of Notorious Foreclosure Document Processor DocX
By: David Dayen
The US Attorney in the Middle District of Florida, Robert O’Neill, has submitted an information, basically a criminal charge without the use of a grand jury for the indictment, of Lorraine Brown, the founder of DocX, for the fraudulent production of mortgage assignments, notarizations, and other documents used to foreclose on borrowers (h/t 4closure fraud).
Previously, Brown had been indicted by the state of Missouri for the same practices. However, in a settlement, Missouri sought to settle with the parent company of DocX, Lender Processing Services (LPS), in exchange for their assistance in the Brown investigation (LPS also settled with Colorado recently). This led to the odd circumstance of Missouri alleging criminal conspiracy charges against a single individual, a logical impossibility. You have to conspire with someone to have a conspiracy, after all. Somebody had to buy the documents from DocX. And the idea that Brown came up with the notion of getting her employees to sign false mortgage documents, falsify notarizations and forge signatures entirely on her own is pretty dubious. Much like the UBS rogue trader convictions, stringing up Brown for being a “rogue document processor” divorced from the parent company makes no sense.
Rest here…
~
It makes perfectly good sense with the matter being that she signed a Plea agreement prior to and is going to ‘spill the beans’ for other conspirators within the company structure or even outside with the bankster lenders. Maybe, for once, the US attorney is going about this the most efficient way to capturing the REAL crimminals. Do remember that even the Mafia was only prosecuted for the most part on wire fraud and tax evasion as that was the only door open to them for prosecution. She may be the first of the top of the tumbling blocks we’ve all been waiting for. Aha, maybe there is something to be ‘thankful’ for on Thursday!