Home Owners Across the Nation Might Not Trust The Spire Law Group Press Release That Said They Sued All Bank Servicers and Their Offshore Havens; Spire Law Officially Announces Filing of Landmark Lawsuit

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Interview With Mitch Stein And Attorney Eric Wittenberg of Spire Law Group

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September 5th, 2012

Written by John Wright

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Mitchell J. Stein was one of the nations leading trial and homeowner attorneys during the Great Mortgage Crisis of our times. Stein – who used to be an attorney in California — filed what was said to be the first lawsuit in behalf of the homeowners against Bank of America in 2009. Then homeowners across the nation would be shocked to find out that Mitchell J. Stein & Associates was raided and shutdown by the California Attorney General in August of 2011 for being accused of being part of a “mailer scheme” that was said to have schemed millions of homeowners out of millions of dollars. Then Mitchell J. Stein would be indicted and arrested four months later by the federal government in December of 2011. The federal government alleges that Mitchell J. Stein is potentially guilty of a stock pump and dump scheme in a company called Heart Tronic’s. His trial will be in Florida on May 3rd, 2013. (CRIMINAL DOCKET FOR CASE #: 9:11-cr-80205-KAM-1)

Mitchell J. Stein would go on to work for Spire Law Group – who in 2012 – filed a massive 43 trillion dollar lawsuit against over 2,000 financial institutions around the world – in which the 43 trillion dollar lawsuit would make national headlines. Mitchell J. Stein has been rumored to be the mastermind behind the lawsuit.
 
Now only time will tell if this notorious and controversial past California attorney – Mitchell J. Stein — will go down in history as the most brilliant homeowner defense attorney of our times – or — nothing more than a scam artist. This three part series interview allows “you” The Court of Public Opinion to decide what part of history former California Attorney Mitchell J. Stein will take in the history books.
 
John Wright at Piggybankblog was the only blogger ever granted an interview of the very controversial and notorious Attorney Mitchell J. Stein in August of 2012.
 
The three part series interview will talk about:
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  • Part one: Who is Mitchell J. Stein?
  • Part Two: The New York Lawsuit
  • Part Three: The California Attorney General Raid and Federal Indictment and arrest.
Update on 05/20/13: I received information that Mitchell J. Stein was convicted and taken into custody on 05/20/13 on all counts brought against him by the federal government. — read article
 
Ladies and Gentleman of The Court of Public Opinion — it gives me great pleasure to present to you PART ONE and PART TWO and PART THREE of the Mitchell J. Stein and Attorney Eric J. Wittenberg interview.
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Part One below (Who is Mitchell J. Stein):

mp3 download version

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Part Two Below (43 Trillion Dollar Lawsuit):

mp3 download version

Part Three below (AG Raid and Federal Indictment

mp3 download version

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Headlines that came out after the interview:

  1. Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $3 Trillion to the United States Treasury
  2. CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

Interview research materials used:

  1. Eric J. Wittenberg Civil War Historian and Author
  2. Law Offices of Eric J. Wittenberg
  3. Spire Law Group webpage
  4. Mitchell J. Stein & Associates raid by California AG
  5. Indictment and arrest of Mitchell J. Stein concerning Heart Tronics
  6. United States Senate report on U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing (HSBC)
  7. Leslie Brodie Report
  8. HeartTronics (EKG) Report

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Piggybankblog Interview

Spire Law Group

About New York Lawsuit?

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August 8th, 2012

Written by John Wright

In July it was reported that London based HSBC Holdings PLC had exposed the United States financial system to money laundering by Mexican drug cartels as well as potentially illicit transactions involving Iran and other countries. – source article Now in August it is being reported that Standard Chartered Bank (British bank) in midtown Manhattan apparently schemed with Iran’s government to hide something like 250 billion dollars in 60,000 transactions by Iranian clients from the U.S. authorities – which ultimately — might have been used to finance terrorism and Iran’s nuclear ambitions. – source article It is reports like this that makes a person truly wonder about the New York lawsuit that Spire Law Group filed against Bank of America and nearly two thousand financial institutions on behalf of the homeowners on April 23rd, 2012 — in a New York Supreme Court in the County of Kings. – New York lawsuit

The truth is that I have been completely fascinated by the NewYork lawsuit ever since it was filed. This is because –regardless of all the underline questions and suspicions that I have about some that worked at Spire (Toby Butterwortheless and Rosie) (who I heard are no longer there) – I think it is a very well written lawsuit that might have some serious teeth to it. This is because the Spire Law Group lawsuit alleges – among other things — that the Obama administration and some of the world’s largest banks were part of an international money laundering scheme that involved Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, among other federally chartered banks — in which it claims stole hundreds of millions of dollars from U.S. homeowners through little-known offshore companies. I am just saying – I find it interesting that Spire Law Group was mentioning how the banks were laundering money months before it had even really came out in the news about HSBC and Standard Charter bank. That is why I really wish I could get someone at Spire Law Group to allow me to interview them about the New York lawsuit. This is because at the end of the day the allegations made in this lawsuit might be bigger than the allegations made about some that might or might not be involved with Spire Law Group — such as the notorious Mitchell J. Stein. Like him or not – it sort of takes a risk taker like Mitchell J. Stein to have the balls to bring this kind of lawsuit against the banks. That is why I will always have a love hate relationship when it comes to my feelings about the man. I love to hate him and hate to love him. I am serious! The guy fucking cracks me up sometimes with some of the shit he does. What I mean is — I sometimes watch some of the shit he does and just shake my head laughing while think to myself — “who does that?” That is why I find the man to be the one of the most admirable and disturbing men I have ever met in my life.

At any rate, my offer still stands for anyone at Spire Law Group that would be interested in giving Piggybankblog an interview about that New York lawsuit. I promise to be fair – and we can isolate the questions to being only about the New York lawsuit if those at Spire wish. The public just wants to know about the lawsuit — since there are many people here at Piggybankblog.com who are in it.

In conclusion, it was reported that a senior official in London was not too happy about the recent report given on the Standard Chartered Banks recent developments. Apparently he said, “You fuckin’ Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.”

That is why I thought I would end today’s blog with an answer.

“We are the United States of America. You see — we dropped the bomb on Japan. Now who the fuck are you?”

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London Bridge is falling down,
Falling down, Falling down.
London Bridge is falling down,
My fair lady.
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Take a key and lock her up,
Lock her up, Lock her up.
Take a key and lock her up,
My fair lady.
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How will we build it up,
Build it up, Build it up,
How will we build it up,
My fair lady?
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Build it up with gold and silver,
gold and silver, gold and silver.
Build it up with gold and silver,
My fair lady.
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Gold and silver I have none,
I have none, I have none.
Gold and silver I have none,
My fair lady.
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Build it up with pins and needles,
pins and needles, pins and needles.
Build it up with pins and needles,
My fair lady.
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Pins and needles bend and break,
Bend and break, Bend and break.
Pins and needles bend and break,
My fair lady.
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Build it up with wood and clay,
Wood and clay, Wood and clay.
Build it up with wood and clay,
My fair lady.
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Wood and clay will wash away,
Wash away, Wash away.
Wood and clay will wash away,
My fair lady.
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Build it up with stone so strong,
Stone so strong, Stone so strong.
Build it up with stone so strong,
My fair lady.
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Stone so strong will last so long,
Last so long, Last so long.
Stone so strong will last so long,
My fair lady.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Please donate if you liked today’s blog.

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Spire Law Group Agrees To Do Piggybankblog Interview.

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August 10th, 2012

Written by John Wright

The good news is that someone at Spire Law Group has finally responded to my request for an interview. This is because I was contacted by someone at Spire Law Group after they received many phone calls and emails from those of you who are Spire clients that read my blog on August 8th. It seems there are many of you who also want to know more about the New York lawsuit. That is why many of you will be happy to know that Spire Law Group told me that Attorney Eric Wittenberg would be willing to grant Piggybankblog an interview. The date of interview is still being discussed. I will announce the date of the interview in a future daily blog.

Then I thought I would take it one step further. This is because I asked if it would be possible to get me an interview with Mitchell J. Stein in the future. Well you should have heard the silence on the other end of the phone after that question. This is because I am sure they were nervous because of my well-publicized scrutiny of Mitchell J. Stein in the past. That is when I let them know that regardless of my issues in the past with Mitchell J. Stein — I certainly could put my differences aside with him long enough to do an interview. I told them that this is because I am a journalist — but mainly because I think Stein would make a great interview. I mean — who here would not love to hear an interview that would allow us to get into the mind of an evil genius like Mitchell J. Stein? Put your hands down Kamala D. Harris and United States Justice Department! We already know you both would! (lol) I would even make sure to ask Mitchell J. Stein a question for both California Attorney General Kamala D. Harris and the United States Justice Department.

For example:

John Wright: “Mr. Stein, have you ever been a member of or in any way associated with (either directly or indirectly) the Republican Party?

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See! I’ve got your back Kamala!

Spire Law Group said they would have to get back to me on it.

Either way — it looks like we are finally going to get some answers about the New York lawsuit from Attorney Eric Wittenberg. That is why I want you to be sure to send your questions to piggybankblog@earthlink.net that you want me to ask Attorney Wittenberg during the interview. If you’re lucky — I might even call you just so you can ask your question on the air.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Home Owners Across the Nation Might Not Trust The Spire Law Group Press Release

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June 20th, 2012

Written by John Wright

Now many of you that have asked what I think about the Spire Law Group lawsuit that was filed in New York. In fact, even until today, I get asked this question, which is why I have finally decided to write my response in a blog. This way I will not have to say the same thing over and over in emails.

The simple fact is, in my opinion, I think the New York lawsuit is the biggest bunch of bullshit I have ever seen. This is because I have heard from many attorneys (not from Brookstone Law) that this kind of lawsuit would cost something like 10 million dollars. (Unconfirmed) There are also many who do not believe that Spire Law Group has either the money or the staff to sustain such a lawsuit. (Unconfirmed) That is why there are many who doubt that all the defendants will actually be served – in which they believe that the lawsuit is nothing other than a marketing attempt by Mitchell J. Stein. (Unconfirmed) Therefore, unfortunately, there are many who believe that Spire Law Group will end up dismissing the lawsuit without prejudice at a later date – such as happened with the other New York Lawsuit that Mitchell J. Steinhad put together. (Unconfirmed)

The reasons I do not trust Spire Law Group:

  • I do not trust any lawsuit that has anything to do with Mitchell J. Stein. – Click here
  • Mitchell J. Stein & Associates were previously raided – Click here
  • Get-Out-Of-Debt-Guy wrote an article about Spire Law Group – Click here

I mean — after considering the above — what’s not to love, right?

That is why I would probably call them “Fire Law Group” if I was with them.

It is also why I am happy that I am at Brookstone Law instead.

This, of course, does not mean that I think people should rush to Brookstone Law because I have given you my opinion here. The fact is — I could care less if people go to Brookstone Law or Spire Law Group. That is why I want to let people know to please not contact me to escort them to Brookstone Law. I say this because there have been many who have contacted me by email in the past that want to leave Spire Law Group for their own reasons. The fact is that I am only a client at Brookstone Law — and do not work for Brookstone Law – which is why I do not want to do it. The simple fact is that there are people who are paid to do that at Brookstone Law. This is why people need to just contact Brookstone Law directly if that is what they want to do. I am sorry – but I simply do not have time for it – and I hope you understand.

Email Piggybankblog received on July 6th, 2012 from a Spire employee.

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To whom it may concern,

The National Mortgage Investigation, Inc. Board would like to thank you for allowing us the opportunity to help your Firm and the borrowers you intend to serve. After careful consideration, we have decided it is in the best interest of both parties to terminate our relationship. This decision was based on numerous misrepresentations, empty promises, the inability to work cohesively as a group, and the avoidance of professional compensation. These issues should certainly be addressed by the Members of your Firm; let this e-mail serve as a final report of the problems that Spire Law Group, LLP. currently faces and may possibly face in future.

  1. Lack of human resources. The Abeel v. Bank of America lawsuit, in the state it currently stands in, will require an army of attorneys to properly litigate on behalf of borrowers. After 2 months spent at Spire Law Group, LLP. it became clear that the Law Firm does not affiliate with or possess Law Firms in “All 50 States” as National Mortgage Investigation, Inc. (NMI) was told from the beginning. I quickly realized that there was a need of new attorneys to fulfill the promises that Spire Law Group, LLP. made to clients.
  2. One example that comes to mind is Larry & Karin Contier who were promised by Mitchell J. Stein that Spire Law Group would help them with their Colorado bankruptcy. The clients paid Spire Law Group based on the information Mitchell gave them. I then found out that Spire Law Group does not have relationships with attorneys in Colorado to take on their case. I was forced, over a period of days, to find an attorney in Colorado who would take on their bankruptcy. This unprofessional conduct exhibited Spire Law Group, LLP. in this matter exposed me to various legal implications to which I am very uncomfortable with. Larry & Karin Contier did go on to win their motion – despite the disservice provided to them initially.
  3. No infrastructure to succeed. The moment I stepped foot into Spire Law Group, LLP., I identified several problems with the infrastructure that could, and still need to be fixed. The website is terribly ineffective and I have stated numerous times that we need to place a directory of attorneys on the website and provide a more professional image of the Law Firm online. Despite all my unnoticed efforts to improve it, I have gotten nowhere with the Law Firm in making these changes to the website. The phone system provided no help and the voice messaging system was useless. There seemed to be no chain of commands in place and no real role setting. Everyone was unclear as to what their roles were. People at the Firm were stepping on each other’s toes and things would take much longer to complete due to the extreme level of unorganization at Spire Law Group, LLP.
  4. Absence of integrity and reliability. Spire Law Group, LLP. promised National Mortgage Investigation, Inc. (NMI) over 900+ Investigations. This promise resulted in an immediate “beefing up” of NMI’s staff who were trained and told to expect all of the business promised. When Spire Law Group, LLP. was confronted by NMI we were told that the 900+ Investigations would be paid for by new retainer fees generated from new clients of the Firm. We then were promised $10,000 from Mitchell J. Stein in regards to sending Fadie Hany Areny to Spire Law Group, LLP. as the Chief Operating Officer (COO) of the new Client Relations Department that he was supposed to set up. The money that had been promised still remains to be in the possession of Mitchell J. Stein and no money has been paid to NMI for services rendered. Attached is the excel file of accounting that NMI was keeping and the May 2012 & the June 2012 invoices for all the work that National Mortgage Investigation, Inc. has provided to your Firm – most of which has been unpaid. Furthermore, the amount of lies and mis-directions continued to add up; promises were broken left and right by members of the Firm. For example, Spire Law Group, LLP. told the Client Relations Department at the Firm that they could include the Investigation fees in the Retainer; so we began bringing in new Clients as a response to this information, however the Firm didn’t pay National Mortgage Investigation, Inc. for any of the Investigations and is currently right now leaving their Clients stranded without all of the promises that were made to the clients of the Firm.
  5. Communication failures. Behavior never lies; in other words the Firm has to disappeared at a time when it should be knocking on our door thanking NMI for what we have done for the Firm. No one answers calls. Communication failures are blamed, in the generic excuse of “always being busy”. The accounting department at one point told me that they would pay NMI quote: “when I get to it, I will get to it”. This happened after Spire Law Group, LLP. was already behind one week on payment. When Mitchell J. Stein first brought Fadie Hany Areny into Spire Law Group, LLP. he would contact Fadie Hany Areny more than once a day and then all of a sudden communication ceased when accruing money was owed. When Fadie Hany Areny then would ask Jim Fiedler about Mitchell J. Stein, Jim Fiedler would reply “I haven’t talked to him in a week as well.” This began to set off alarms when the Firm’s partners weren’t even talking to Mitchell J. Stein. Again these are only some of the problems of the Firm that are being outlined in this e-mail, but if the Firm wants to succeed in fighting the banks they must take action rather than only talk.
  6. Disgruntled staff. Every week it was guaranteed one of the attorneys in the Firm would have a blow up moment in which it was stated that he didn’t get paid for this week by the Firm. Furthermore, it became known that no one has been paid based on Rasika’s statement that the Firm needed “$100,000 to break even”. Toby & Rosie, also in the beginning, stated that they hadn’t been paid for months as well, and in a month I soon found out that NMI would be added to the list of people Spire Law Group, LLP. owes money to. The most interesting thing from this all was to find out that no one was paid yet they all come into the office, but Mitchell J. Stein never comes into the office. Everyone else is there on a daily basis, but the man behind the scenes never showed up more than 3 times in a 2 month time period.

There are many more problems that have been identified that all of you at Spire Law Group, LLP. know because I have told you a numerous times of the problems and yet none of them were changed or fixed.

Therefore, it appears my intuitions were correct. (Wink)

I am guessing that Mitchell J. Stein’s day might have gone a little like this youtube below after he received this email from Mr. Areny.

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Comment left by Walter Storch on July 9th, 2012:

The Spire Law firm’s California Bar Association membership number has not been in use since 1993. I am unable to find a street address for this firm in any major city of the United Sttes. I am writing a series of articles on the mortgage problems and am in communication with the FBI’s White Collar Crime people. I will bring all of this to their attention Monday morning.

California State Bar: Spire Law Group

In conclusion, and for the record, I have no disgruntled feelings towards Mitchell J. Stein – or any of the other attorneys there at the firm. I have only posted my opinion on this subject in an effort to avoid having to either ignore or answer a high volume of emails in the future about this topic. I have no inside information that would say that I have any knowledge that the Spire Law Group lawsuit is not a real one.

Yet — it is true that I might have the ability to smell the sulfur of Satan wherever he goes.

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Good day Mr. Stein.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise!  The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Piggybankblog Reveals “Dear Selfish Mitch” Email Sent by Attorney That Worked For Stein

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June 23rd, 2012

Written by John Wright

Many of you wanted to know what I thought about the content and the merits of the New York lawsuit itself. Well, to be honest, I actually thought it was very well written. It is exactly why I question even if Mitchell J. Stein had anything to do with writing it – in which I am more inclined to think that maybe one of the other attorneys might have written it. I say this because — Mitchell J. Stein might not be known for being all that talented in writing up lawsuits. In fact, there might be some who say that he actually sucks at it. If you do not believe me — all you have to do is ask the Honorable Judge Highberger what he thought of theLegaspi vs. Spivak lawsuit.

Judge Highberger: “The Complaint challenged by this motion is one of the most addled pieces of legal drafting this Court has ever seen in 40 years of legal practice and judicial service.”

Therefore, clearly, Mr. Stein might not be known for his lawsuit writing talents. What he “was known” for might be his talent to bullshit. This is exactly why it might be said that he tended to be better at representing a lawsuit that someone else wrote in the courtroom.

However, I am also afraid that the talented attorneys working for Spire might not be there long enough to defend the New York lawsuit. (unconfirmed) This is because I am not only afraid that just the homeowners might end up victims with Spire Law Group and Mitchell J. Stein — but I am actually afraid that the attorneys dealing with Spire Law Group might end up victims. That is if the best predictor of the future is the past. For example, I am guessing that right about now these other attorneys might not be being paid all the money they were promised by Mitchell J. Stein. (unconfirmed) I am guessing they are being told they are going to be paid on this day or that day — but then they never hear from Mitch — and cannot get a hold of him — until the next time he contacts them with another date when he wants something from them. (unconfirmed) If true — this is probably causing a lot of conflict behind the scenes between Mitchell J. Stein and these attorneys — in which the attorneys working for him might become more like a hostage crisis in the end. I say this because – I have spoken to many attorneys that used to work for Mitchell J. Stein & Associates in the past — and they have all told me about their experience working with Mitchell J. Stein. I was even sent an email that one of the clients had received from an attorney that defected. I like to title it the “Dear Selfish Mitch” email.

Dear Selfish Mitch,

Looks like “you got served”! You deserve it. I read the arrest warrant.

That is what you get for: dissing your baby in orange county, treating your staff like they are shit, taking in money but not paying any out, ripping off people, not returning your clients’ phone calls and trying to be something you’re not!!

What I’m trying to figure out is “How are you going to sue Kamala for your so-called rights, when you just got indicted by THE UNITED STATES OF AMERICA?

Your probably still trying to brainwash your staff into thinking your going to win this…….and that—- “that raid was unlawful”. Well don’t let me be the one to pull your covers, dude, your going to serve prison time, and you will be forced to take responsibility for your own actions. Next, you’ll be claiming you are a Christian.

I don’t even know why Mike Reilly and Eric Davis put up with you. I couldn’t, that is precisely why I left, why Roni Keller left, why Berger and Seth left.

Your train is pulling into the station pretty soon and everyone is going to have to get off.

Mitch is an evil person. He is a habitual liar, and to be honest with you, he must’ve never learned in first grade, (like the rest of us), that cheaters never prosper.

 

Ouch!

For the record, Mike Riley did leave.

Stein told me that he was — “escorted out in handcuffs.”

Hey! You know what this is? It is a bullshit detector! And its working!

 

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This is why I suggest everyone around Stein should carry one at all times. This is because, as usual, it ended up being another lie. We all know that Mr. Riley is known for his integrity in many circles — which is why not one person would ever believe this “bullshit.”

Well Stein should look at the bright side — which is that this email was a lot nicer than the words my twenty three year old cousin had to say about him — after Stein talked him into working for him — and my cousin went and did it against my wishes — and Stein potentially ruined my cousins life because he did not pay him. My cousin lost all the money (5,000) he had saved up and used to relocate where Stein was. However, for the record, the author of this email might want to know that Mitchell J. Steindid claim to me that he was a Christian. (Scratching my head) So now — what next?

This is why, unfortunately, there are many who believe that Mitchell J. Steinmight have used these attorneys in the New York lawsuit– without their knowledge — just to write up the lawsuit as one big gigantic marketing scheme to bring money in for himself and Spire Law Group. (unconfirmed) For the record, even though some of these attorneys do not like me, I am not giving a consumer alert because they are involved. That is because I have heard that Stein has been known to be able to potentially fool many very reputable and talented attorneys in the past. However, if I am correct, it might mean they standing there all dressed up and nowhere to go — if Stein and Spire do not actually give them all the money to litigate the New York Lawsuit. Even if he did — which I am doubting — I have also shared with you that I find it highly unlikely that Spire Law Group has the money or the resources or the staff to go up against the nearly two thousand financial institutions listed in his lawsuit. Nevertheless, the New York lawsuit itself seemed to be rather well written — if not actually rather impressive.

Yet even with that being said — everyone should be warned that a Mass Litigation Alliance affiliate said to me in a threat one timethat “Mitch is only in this for the settlement money, not for your causes, but even Mitch knows his limitations and realizes when he is playing with fire. Mark my words, this blog won’t be here much longer. Enough said.” – Threat made to John Wright

However, let the record the show that the person who wrote this threat might have been right about Stein — but would ultimately be wrong when it came to me and my blog. That is because Mass Litigation Allianceand Attorney Phillip Kramerare gone – but my blog and me are still here.

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Enough said.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise!  The Honorable Judge Wright has left The Courtroom of Public Opinion!

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Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens; Spire Law Officially Announces Filing of Landmark Lawsuit

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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.

Commenting further on the case, Mr. Wittenberg stated: “As if it is not bad enough that banks collect money and do not credit it to homeowners’ accounts, and as if it is not bad enough that those banks then foreclose when they know they do not have a legally enforceable interest in the realty, we now learn that they have been operating under unbridled free reign given by the Administration and some states’ Attorneys General in formulating this international money laundering network. Now that the light of day has been shined on it, I believe we can all rest assured that the beginning of the end of the bank crisis has arrived.”

All United States home owners may have the right to bring a lawsuit of this kind if they paid money to a national bank servicer during the years 2003 through 2009.

One lawyer impacted by the corruption — Mitchell J. Stein, who formerly represented the FDIC, the RTC and the FSLIC during the Savings and Loan scandal of the 1990s, and who predicted all of the foregoing in open court two years ago — commented: “Two years ago, I remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators including Senator Dianne Feinstein’s office during a multitude of in-person meetings, that the ongoing violations of the Patriot Act by these financial institutions was outrageous and a breach of the public trust of unprecedented proportions,” said Stein.

“The size and scope of this misconduct — stretching to far-away islands never before having standing as approved United States Bank affiliates — is remarkable and emblematic of what we have seen,” he continued. “The bank crisis represents the height of corruption and brazen behavior where our historically trusted financial institutions have no qualms about breaking the law, because they have the Administration behind them. Banks do well enough when they operate lawfully without needing to be permitted to operate as criminal enterprises that steal money from United States citizens.”

Additional plaintiffs’ counsel Nicholas M. Moccia commented: “Having been in the trenches of the bank crisis for years, I always knew that the misconduct was being conducted by a network. When I started litigating against banks, however, I could have never imagined that it would be this extensive. I look forward to taking discovery of these thousands of obscure foreign entities and to obtaining for homeowners their constitutionally entitled injuries for this international ring of theft and deception.”

Comments were requested from the Attorney Generals’ offices in NY, CA, NV, and MA and the White House, but no comment was provided.

 

About Spire Law Group

Spire Law Group, LLP is a national law firm whose motto is “the public should be protected — at all costs — from corruption in whatever form it presents itself.” The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.

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