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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJP Morgan Chase Accused of 'Brazen Bankruptcy Fraud' routinely fabricated documents to deceive
bankruptcy judges, going so far as to Photoshop documents to create the illusion of standing in tens of thousands of bankruptcy cases,.http://www.courthousenews.com/2012/01/17/43098.htm
LOS ANGELES (CN) - JPMorgan Chase routinely fabricated documents to deceive bankruptcy judges, going so far as to Photoshop documents to "create the illusion" of standing "in tens of thousands of bankruptcy cases," according to a federal class action.
Lead plaintiff Ernest Michael Bakenie claims that Chase's "pattern and practice of playing 'hide-and-seek' with debtors, judges and other bankruptcy players" bore rich fruit: that Chase secured motions for relief of stay and proofs of claim in 95 percent of its cases.
"Through the use of fabricated assignments, endorsements and affidavits that purport to transfer deeds of trust, notes and the rights to all monies due under the terms of tens of thousands of non-negotiable promissory notes (the 'MLNs'); Chase has demonstrated a pattern and practice of playing 'hide-and-seek' with debtors, judges and other bankruptcy players," the complaint states.
"Chase intentionally conceals the identity of the true parties in interest entitled to enforce the tens of tens of thousands of residential non-negotiable promissory notes (the 'MLNs') for its own financial benefit, at the expense of the class and to the detriment of the integrity of the bankruptcy system."
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JP Morgan Chase Accused of 'Brazen Bankruptcy Fraud' routinely fabricated documents to deceive (Original Post)
stockholmer
Jan 2012
OP
good thing fabricated evidence to defraud people is not a crime to the feds anymore lol nt
msongs
Jan 2012
#1
msongs
(67,395 posts)1. good thing fabricated evidence to defraud people is not a crime to the feds anymore lol nt
Fumesucker
(45,851 posts)5. And here's the evidence to prove your claim..
xchrom
(108,903 posts)2. Jail the execs. Break up JPMC. Nt
onethatcares
(16,166 posts)3. thank gaud corporations are now people
maybe jcmorgan/chase will now be prosecuted under RICO statutes.
peacebird
(14,195 posts)4. Are their executives merely cells in the corporate body? And can we put them in the prison cells?
Pretty please?
Laelth
(32,017 posts)6. k&r for the truth. n/t
-Laelth