AEAE-STUDY FINDS THAT IN ORDER TO STOP FORCLOSURES LOOK TO CIVIL RICO AND THE PROVISIONS OF THE SARBANES-OXLEY ACT OF 2002

12/25/2009

CHICAGO-(AEAE)-IT IS ESTIMATED THAT THERE COULD BE AS HIGH AS 5 million foreclosures this coming year of 2010. Although the President Obama give lip service to assisting people in foreclosure, the president is really helpless to assist parties who are losing their homes as a result of predatory lenders who may have also engaged in violations of the Civil Racketeering Act and violations of the Sarbanes-Oxley Act of 2002. The Americans for the Enforcement of Attorney Ethics (AEAE) is releasing some guide lines for assisting victims of predatory lenders. Especially in States like Arizona that does not even mandate a court foreclosure process. All a “Trustee” has to do in Arizona to foreclose in Arizona is to mail a notice to a party then conduct a public auction. Arizona is a slaughter house for home owners who purchased properties with the assistance of the predatory lenders like Country Wide, which is now owned by Bank of America. Bank of America also owns the company that does the actual foreclosures. Consequently, according to a recent lawsuit filed against Bank of America charging them with Civil Racketeering Scheme for making available through Country Wide predatory loans, forcing home owners into foreclosure and then profiting on the foreclosures through their alleged “shell” company Reconstruct Company.

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Nannar

12/22/2009 03:02:55 pm

Losing my home is no fun

12/23/2009 01:21:21 am

Leo doesn't own a home. Just a rented cracker box apartment.

The Hunter

12/23/2009 04:19:38 am

Another great idea Leo. Get out of this frozen city and take your fraud act to Arizona. From what the police reports say, your brother Christopher had an arrest warrant issued in the morning and was in jail that same day. Spent close to a year in the jails and prisons down there and tried to save himself by rolling over on you. Had some nice long conversations with the authorities down there and here detailing your criminal acts. Guess there is no honor among thieves, not to mention brothers. Not to mention you and Christopher committed bankruptcy fraud down there and the authorities from Chicago and Arizona are in contact with each other. You sure are a smart one. Just walk into prison and tell them to lock you up already. Your destiny is a cold, dank jail cell. Accept it.

Bubba

12/23/2009 04:41:08 am

We have a date when the lights go out Leo. Just bite the pillow and enjoy.

Americans for the Enforcement of Attorney Ethics