JPMorgan Bankruptcy Fraud Class Action Lawsuit Makes Strong Allegations
Alleged fraud at JP Morgan. Who could have guessed?
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A federal class action lawsuit is making some strong allegations against JPMorgan Chase, claiming the lender routinely fabricates documents to deceive bankruptcy judges into believing Chase is the beneficiary in bankruptcy cases, and goes so far as to Photoshop documents to “create the illusion” of standing “in tens of thousands of bankruptcy cases.”
According to the JPMorgan Chase bankruptcy fraud class action lawsuit, “Chase is engaged in the business practice of deceiving bankruptcy judges, Chapter 7 trustees, Chapter 11 trustees, Chapter 13 trustees, the Office of the United States Trustee, creditors, creditor attorneys, debtors in possession, debtors and debtors attorneys as to Chase’s status as a secured creditor in tens of thousands of bankruptcy cases filed nationwide.”
Among the numerous allegations in the Chase bankruptcy fraud class action lawsuit, Chase is alleged to have:
1. engaged in perjury, fraud and intentional misrepresentation by manufacturing a chain of title transfer evidence in order to falsely prove it stands in thousands of bankruptcy matters; and
2. used manufactured evidence to deceive the bankruptcy court and other bankruptcy players as to the identity of the true beneficiary or creditor of Class Members’ non-negotiable promissory notes (MLNs).
A copy of the Chase Bankruptcy Fraud Class Action Lawsuit can be read here.
The case is Ernest Michael Bakenie v. JPMorgan Chase Bank, N.A., Case No. SACV12-0060 JVS (MLGx), U.S. District Court, Central District of California.
Jan 25, 2012 at 9:17 AM
Reader Comments (6)
"Chase Bank, in spite of government guidelines saw fit to take a cash offer from real estate speculators over theirs."
I would like to bring up the fact that Mr. Dimon has been mentioned here at the Daily Bail on more than one occasion. I have been busy working on energy related matters with great success and now I am able to concentrate on other things. The gauntlet is off.
http://online.wsj.com/article/SB10001424052970203315804577205123357254102.html?mod=googlenews_wsj
[snip]
Mr. Norton served from 2007 to 2009 as deputy assistant secretary in the Treasury Department, where he was a key adviser to former Treasury Secretary Hank Paulson during the financial crisis.....
ABSOLUTE MUST READ.
Taking JPMorgan Through the Wringer
http://english.ntdtv.com/ntdtv_en/news_business/2012-02-05/Taking-JPMorgan-Through-the-Wringer.html
[snip]
It couldn’t get worse for JPMorgan Chase & Co., a global financial services firm that operates in over 100 countries.
The latest negative publicity concerns missing funds from the now defunct MF Global Holdings Ltd. The final missing funds, which total close to $660 million, are most likely held in a custodial account at JPMorgan.
The only way to solve this corpo-political scheme is to take it back to the states. This is nothing more than run of the mill corruption and it should be stopped.
The only way to solve this corpo-political scheme is to take it back to the states. This is nothing more than run of the mill corruption and it should be stopped.
http://www.reuters.com/article/2012/05/12/us-jpmorgan-trading-idUSBRE8491H020120512
http://www.reuters.com/article/2012/05/26/us-jpmorgan-lebedin-idUSBRE84P0G620120526