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“Hiawatha” Goes to War

The reason Republicans despise Elizabeth Warren (and thus the “Hiawatha” jab) is she is effective at demanding accountability for the biggest thieves, liars, and crooks in the country. Wll Street, and heads of the major banks.

Here – she lights a fire under Wells Fargo President Stumph for crooked dealing, and profiteering.

I hope like hell for a change, the DOJ prosecutes and sends this sucker to jail where he belongs. Folks are getting real tired of this “special justice” for “special people.” crap.

 

 
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Posted by on September 20, 2016 in American Greed

 

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More Massive Corruption at Wells Fargo Bank

I have said here that Wells Fargo is the most corrupt bank in America. They paid $1.2 billion a few years ago, then the largest fine ever levied on a financial institution for their part in the Mortgage scams leading up to the Great Depression of 2009. IN 2013 the Bank was forced to pay $203 million in restitution and penalties for fake overdraft fees in Gutierrez vs. Wells Fargo. In 2012, the Justice Department ( Justice Dept. vs.Wells Fargo) the court reached a verdict based on Discrimination against African-American and Hispanic borrowers who were steered into high-cost, subprime mortgages. $175 million to be paid to the victims – 34,000 black and Hispanic Mortgage holders.

Here they are again paying a record fine for screwing the customers again…

Supposedly the company has terminated 5,300 employees as part of an internal review. How much you want to bet not a single one of them is one of the crooks at the top?

Image result for wells fargo

Wells Fargo making a get away after a robbery…

 

Wells Fargo Fined $185 Million Over Creation Of Fake Accounts For Bonuses

Wells Fargo Bank has been ordered to pay $185 million in fines and penalties to settle what the Consumer Financial Protection Bureau calls “the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts.”

Thousands of Wells Fargo employees opened the accounts in secret so they would get bonuses for hitting their sales targets, according to investigators. More than 2 million deposit and credit card accounts may have been created without customer authorization.

The bank must pay $100 million to the CFPB — the largest fine ever levied by the federal consumer watchdog. It also will pay $50 million to the City and County of Los Angeles, along with a $35 million penalty to the Office of the Comptroller of the Currency.

It’s also on the hook to pay full restitution to all victims of the scheme.

“Because of the severity of these violations, Wells Fargo is paying the largest penalty the CFPB has ever imposed,” said CFPB Director Richard Cordray. “Today’s action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences.”

The CFPB’s consent order says the bank has already terminated 5,300 employees as part of an internal review.

Wells Fargo said in a statement that it has fired managers and employees “who acted counter to our values” in carrying out the schemes. It also refunded $2.6 million in fees it collected from customers. The bank said that “accounts refunded represented a fraction of one percent of the accounts reviewed, and refunds averaged $25.”

In addition, the Sioux Falls, S.D.-based bank says it is taking steps to keep this type of scheme from occurring again, noting that it will now send a customer an email confirmation shortly after a deposit account is opened.

“This is a major victory for consumers,” said Los Angeles City Attorney Mike Feuer, whose office sued Wells Fargo in 2015 after a Los Angeles Times investigation into the fake accounts. “Consumers must be able to trust their banks. They should never be taken advantage of by their banks.”

Feuer’s office says that after the suit was filed, the city attorney received “more than 1,000 phone calls and emails from customers and current and former Wells Fargo employees across the nation about the issues raised in the litigation.”

 

 
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Posted by on September 8, 2016 in American Greed

 

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You Too Can Attend Trump University!

Clinton new anti-Chump ad…

 
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Posted by on June 11, 2016 in The Clown Bus

 

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The CH-trump Has Stiffed Thousands of Workers on Moneys Owed

The sleazebag Chumph has stiffed literally thousands of small businesses and blue collar workers out of their well earned pay.

Indeed in one case, the Chumph was ordered to pay $32,000 to a painter at his Doral Gold Resort, or have it foreclosed and sold to pay debts! No wonder the PGA moved their tournament from there to Mexico!

What Trump is doing, is legal blackmail. And it is legal under the corrupt US Legal System. It works like this – big, wealthy company refuses to pay subcontractor (or any other excuse) $200,000. Big company sues – or waits fro small company to sue to get it’s money. Small company cannot afford to pay lawyers to defend itself, a legal cost which can easily go north of $100,000 for a simple suit. Small company goes bankrupt, or is forced to settle at a loss. Big company (Chumph) can afford to keep full time layers on staff, and only spends $50,000 basically stealing $150,000 in profit, knowing full well little guy can’t afford a reasonable defense in court.

That is what the 3,500 Chump lawsuits are all about. It is using an effed-up legal system, set up to massively favor the rich, to screw the middle class small businessman and poor.

Aerial view of Mar-a-Lago, the oceanfront estate of

The Trump Dump in Florida – Just last month, Trump Miami Resort Management LLC settled with 48 servers at his Miami golf resort over failing to pay overtime for a special event. The settlements averaged about $800 for each worker and as high as $3,000 for one, according to court records. Some workers put in 20-hour days over the 10-day Passover event at Trump National Doral Miami, the lawsuit contends. Trump’s team initially argued a contractor hired the workers, and he wasn’t responsible, and counter-sued the contractor demanding payment.

USA TODAY exclusive: Hundreds allege Donald Trump doesn’t pay his bills

Donald Trump casts himself as a protector of workers and jobs, but a USA TODAY NETWORK investigation found hundreds of people – carpenters, dishwashers, painters, even his own lawyers – who say he didn’t pay them for their work.

During the Atlantic City casino boom in the 1980s, Philadelphia cabinet-builder Edward Friel Jr. landed a $400,000 contract to build the bases for slot machines, registration desks, bars and other cabinets at Harrah’s at Trump Plaza.

The family cabinetry business, founded in the 1940s by Edward’s father, finished its work in 1984 and submitted its final bill to the general contractor for the Trump Organization, the resort’s builder.

Edward’s son, Paul, who was the firm’s accountant, still remembers the amount of that bill more than 30 years later: $83,600. The reason: the money never came. “That began the demise of the Edward J. Friel Company… which has been around since my grandfather,” he said.

Donald Trump often portrays himself as a savior of the working class who will “protect your job.” But a USA TODAY NETWORK analysis found he has been involved in more than 3,500 lawsuits over the past three decades — and a large number of those involve ordinary Americans, like the Friels, who say Trump or his companies have refused to pay them.

At least 60 lawsuits, along with hundreds of liens, judgments, and other government filings reviewed by the USA TODAY NETWORK, document people who have accused Trump and his businesses of failing to pay them for their work. Among them: a dishwasher in Florida. A glass company in New Jersey. A carpet company. A plumber. Painters. Forty-eight waiters. Dozens of bartenders and other hourly workers at his resorts and clubs, coast to coast. Real estate brokers who sold his properties. And, ironically, several law firms that once represented him in these suits and others.

Trump’s companies have also been cited for 24 violations of the Fair Labor Standards Act since 2005 for failing to pay overtime or minimum wage, according toU.S. Department of Labor data. That includes 21 citations against the defunct Trump Plaza in Atlantic City and three against the also out-of-business Trump Mortgage LLC in New York. Both cases were resolved by the companies agreeing to pay back wages.

In addition to the lawsuits, the review found more than 200 mechanic’s liens — filed by contractors and employees against Trump, his companies or his properties claiming they were owed money for their work — since the 1980s. The liens range from a $75,000 claim by a Plainview, N.Y., air conditioning and heating company to a $1 million claim from the president of a New York City real estate banking firm. On just one project, Trump’s Taj Mahal casino in Atlantic City, records released by theNew Jersey Casino Control Commission in 1990 show that at least 253 subcontractors weren’t paid in full or on time, including workers who installed walls, chandeliers and plumbing….More on This Story Here

 

 

 
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Posted by on June 9, 2016 in The Clown Bus

 

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Even Trumps Lawyer Supports Hillary

Trump’s lawyers know a scumbag when they see one…

Trump’s lead lawyer donated to Clinton after joining case

Daniel Petrocelli’s support for Clinton undermines Trump’s widespread claims of bias in the Trump University case.

In the middle of the firestorm over Donald Trump’s racially based attacks on the judge overseeing the Trump University lawsuits, the billionaire GOP nominee went on Sean Hannity to rant against the plaintiffs’ law firm for paying Hillary Clinton large sums of money for speeches.

“The law firm gave hundreds of thousands — I think it was $900,000 or $700,000 — in speaking fees to the Clintons,” Trump said on Tuesday. “Plus, they contributed tremendous amounts of money to the campaign.”

“The whole thing is disgusting,” Trump added.

But Trump’s lead lawyer in the case has Clinton ties of his own.

Federal filings show that Daniel Petrocelli has donated to Clinton over the years, and even contributed $2,700 to her campaign after Trump brought him on to the politically fraught case.

The fact that Trump’s own lawyer in the class-action cases has been an avid Clinton backer undermines his accusations of bias in the case, not only against the plaintiffs’ lawyers but also against U.S. District Judge Gonzalo Curiel, who Trump says has an “inherent conflict of interest” because of his Mexican heritage.

Records with the Federal Election Commission show that Petrocelli has donated to several Democrats over the course of more than 15 years, including California Sen. Dianne Feinstein, Democratic presidential nominee Al Gore and, in February of 2016, to a joint fundraising committee supporting Colorado Sen. Michael Bennet.

 

 
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Posted by on June 9, 2016 in The Clown Bus

 

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Trump University – “Straight up Fraud”

The New York Attorney General is going after the Drumph with both guns blazing. So far, the cases have been Civil, both in California and New York. With the strong statements by the NY AG, that may change over to criminal. Calling out the Judge in California was pure childish petulance.

What may indeed happen here, is that other Trump scams may also come under the legal microscope. Hid Vitamin supplement, and water business seem likely targets. If Trump wins the election, he may be the first President to start office…

From jail.

‘This is straight up fraud’: New York’s attorney general shreds Trump University on ‘Morning Joe’

The Trump campaign is doing its best to spin the embarrassing revelations that came out this week about Trump University, but New York Attorney General Eric Schneiderman isn’t having any of it. Appearing on Morning Joe on Thursday, Schneiderman tore through any questions about whether Trump University was a legitimate enterprise or not by forcefully making the case that it was “straight up fraud.”

“It’s like selling people something you say is a Mercedes and it turns out to be a Volkswagen,” Schneiderman said. “And even if some people say, ‘Well actually, I kind of like the Volkswagen,’ it’s still fraud because it’s not a Mercedes. This was not a university.”

Schneiderman then went into detail about how Trump blatantly lied about Trump University in marketing videos aimed at prospective students.

“Trump’s role was really a the pitchman,” he said. “And we’ve got his videotapes, and we’ve got his sworn testimony which undercuts every statement in the videotapes. He said, ‘My hand-picked experts will teach you my personal secrets.’ He and the president of the university have already testified under oath he never met the instructors, they weren’t hand-picked. They weren’t experts — some of them came out of fast food and retail. And he had nothing to do with the supposed secrets that were taught because he had nothing to do with the curriculum.”

 
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Posted by on June 2, 2016 in The Clown Bus

 

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Trump’s “Billionaire” Lie Unravels

I had posited in a previous piece that Donald Trump is not actually a billionaire, as he loves to claim – and based on the type of business he is in (Real Estate) that any realistic evaluation of his actual net worth (assets minus liabilities) would probably place him in the under $250 million range. Real Estate deals tend to be heavily leveraged. Meaning the “Bank” owns 90% or more. Indeed in Trump’s normal deal he winds up actually owning not much more than his name on the side of the building.For someone willing to take the risk of punitive litigation by Trump – it isn’t very hard to puncture that veil, and get a true picture.

And I should mention that $250 million may be an optimistic figure – based on the rate he now appears to be borrowing money. That indicates a sinking ship…Of his own device.

Now, the press is beginning to go after this issue…And it isn’t going to be pretty.

Shady accounting underpins Trump’s wealth

The GOP nominee is rich. But how rich depends on odd accounting and subjective criteria.

Donald Trump claims a net worth of more than $10 billion and an income of $557 million. But he appears to get there only by overvaluing properties and ignoring his expenses.

POLITICO spoke with more than a dozen financial experts and Trump’s fellow multimillionaires about the presumptive Republican nominee’s financial statement. Their conclusion: The real estate magnate’s bottom line — what he actually puts in his own pocket — could be much lower than he suggests. Some financial analysts said this, and a very low tax rate, is why Trump won’t release his tax returns.

“I know Donald, I’ve known him a long time, and it gets under his skin if you start writing about the reasons he won’t disclose his returns,” said one prominent hedge fund manager who declined to be identified by name so as not to draw Trump’s ire. “You would see that he doesn’t have the money that he claims to have and he’s not paying much of anything in taxes.”

Trump is certainly wealthy. But in a campaign where the New Yorker has portrayed himself as the biggest, the richest, the classiest and the best at everything, disclosing that he is less rich than he lets on could be damaging. And it is a line of attack Democrats are already using and hope to pound away on until November.

The case against Trump’s accounting of his wealth: His businesses apparently generate a lot of revenue but may not put much cash in his pocket; he assigns himself a net worth that is impossible to verify and may be based in part on fantasy; and he is selling assets and increasing debt in ways that suggest a man scrambling for ready cash.

In response to a list of questions for this story, Trump campaign spokeswoman Hope Hicks emailed: “The report speaks for itself.” If it does, the report does not speak clearly.

The financial disclosure form showed Trump adding fresh debt of at least $50 million, though a campaign news release said Trump is using increased revenue to reduce his debt, which is now at least $315 million and possibly more than $500 million. The disclosure also suggests that Trump sold fund assets to raise as much as $7 million in cash and individual securities to raise up to $9 million more…More Here

 

 

 
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Posted by on May 31, 2016 in The Clown Bus

 

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