Home Owners Across the Nation Sue All Bank Servicers
Home Owners Across the
Nation Sue All Bank Servicers and Their Offshore Havens; Spire Law Officially
Announces Filing of Landmark Lawsuit
Largest International Money Laundering Network in History Formed During
Obama Administration; U.S. Banks' Theft of Home Owners' Money Laundered Through
Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates
NEW YORK, NY, Apr 23, 2012
(MARKETWIRE via COMTEX) -- In a lawsuit alleged to involve the largest money
laundering network in United States history, Spire Law Group, LLP -- on behalf
of home owners across the Country -- has filed a mass tort action in the Supreme
Court of New York, County of Kings. Home owners across the country have sued
every major bank servicer and their subsidiaries -- formed in countries known as
havens for money laundering such as the Cayman Islands, the Isle of Man,
Luxembourg and Malaysia -- alleging that while the Obama Administration was
publicly encouraging loan modifications for home owners, it was privately
ratifying the formation of these shell companies in violation of the United
States Patriot Act, and State and Federal law. The case further alleges that
through these obscure foreign companies, Bank of America, J.P. Morgan, Wells
Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally
chartered banks stole hundreds of millions of dollars of home owners' money
during the last decade and then laundered it through offshore companies. The
complaint, Index No. 500827, was filed by Spire Law Group, LLP, and several of
the Firm's affiliates and partners across the United States.
Far from being ambiguous, this is
a complaint that "names names." Indeed, the lawsuit identifies specific
companies and the offshore countries used in this enormous money laundering
scheme. Federally Chartered Banks' theft of money and their utilization of
offshore tax haven subsidiaries represent potential FDIC violations, violations
of New York law, and countless other legal wrongdoings under state and federal
law.
"The laundering of trillions of
dollars of U.S. taxpayer money -- and the wrongful taking of the homes of those
taxpayers -- was known by the Administration and expressly supported by it.
Evidence uncovered by the plaintiffs revealed that the Administration ignored
its own agencies' reports -- and reports from the Department of Homeland
Security -- about this situation, dating as far back as 2010. Worse, the
Administration purported to endorse a 'national bank settlement' without
disclosing or having any public discourse whatsoever about the thousands of
foreign tax havens now wholly owned by our nation's banks. Fortunately, no home
owner is bound to enter into this fraudulent bank settlement," stated Eric J.
Wittenberg of Columbus, Ohio -- a noted trial lawyer, author and student of US
history -- on behalf of plaintiffs in the case.
The suing home owners reveal how
deeply they were defrauded by bank and governmental corruption -- and are suing
for conversion, larceny, fraud, and for violations of other provisions of New
York state law committed by these financial institutions and their offshore
counterparts.
This lawsuit explains why loans
were, in general, rarely modified after 2009. It explains why the entire bank
crisis worsened, crippling the economy of the United States and stripping
countless home owners of their piece of the American dream. It is indeed a fact
that the Administration has spent far more money stopping bank investigations,
than they have investigating them. When the Administration's agencies (like the
FDIC) blew the whistle, their reports were ignored.
The case is styled Abeel v. Bank
of America, etc., et al. -- and includes such entities as ML Banderia Cayman BRL
Inc., ML Whitby Luxembourg S.A.R.L. and J.P Morgan Asset Management Luxembourg
S.A. -- as well as hundreds of other obscure offshore entities somehow "owned"
by federally chartered banks and formed "under the nose" of the Administration
and the FDIC.
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