When Littlejohn & Co. decided to buy MCS and in turn, GIS Field Services, I am pretty sure they did some due diligence. That due diligence would not specifically be on the companies they purchased, but they would have also had to of tested the the waters in which these sharks swam. In reality, what Littlejohn would have found is that there are only several companies whom are financially solvent — both Guardian and ServiceLink are institutionally backed. Neither of those firms, though, have exposure within the National Association of Mortgage Field Services (NAMFS). Financial solvency means the ability to pay work orders when do and not pay when paid which is illegal in federal contracting. Each and every other NAMFS member is virtually dependent upon work through MCS. Littlejohn new that. And Littlejohn also realized that the future was using employees in urbanized sectors, based upon Labor’s free bidding. They also realized that purchasing GIS was the segway for MCS to begin moving their current vendor networks under the control of GIS. And when you have the NAMFS Board stating that their Contractor Networks are being raided, which are forced to be submitted to MCS and magically appearing on the GIS recruiting rosters, terms like industrial espionage come to mind.
Littlejohn knew that there were no sharks in the water and only minnows. They knew that there would be no recompense; they knew that when others saw the fear and buckling under MCS — the reassignment of Vendors as stand by firms for GIS — that the others would fall into line. They knew, early on, that the pervasively criminal environment NAMFS engendered would ensure the omerta across the board.
While this may sound horrible, it is actually the daily grind when it comes to the M&A sector. In fact, go no further than one of the Industry’s Clients, JPMorgan Chase whom has admitted to five criminal felony counts brought by the U.S. Department of Justice over the past 7 years for rigging markets and laundering money for Bernie Madoff, the financial criminal of the century. In addition, JPMorgan Chase recently settled some claims pertaining to the Jeffrey Epstein sex scandals. And then on 25 September 2023, the bank settled for $75 million the Jeffrey Epstein related claims brought by the Attorney General of the U.S. Virgin Islands, after settling class action claims brought by Epstein’s victims for $290 million in June.
Nobody wants to talk about that just like no one wanted to talk about two time bankruptcy former NAMFS Secretary Heather Berghorst, or tax evasionist and bankrupted Carol Boyd, NAMFS insurance fraud violator Vicki Boser, bankrupted Buczek Enterprises, involuntarily bankrupted National Field Network, bankrupted SEAS — yeah, there is a pattern and practice here. What I mean is that each of these companies went on to resurrect and become something new while tens of millions of dollars in fraud against Labor was performed under the watchful eye of the NAMFS Board.
The Federal Trade Commission is now in the loop after Allied Field Services refused to condemn GIS Field Services. No more point skulking in the night about the NAMFS Board requests of Foreclosurepedia. In fact, just as quick as the GIS matter came forward, when the liability came out it was requested to be squashed. That wasn’t going to happen, though, because antitrust is no good for anyone — other than maybe the NAMFS members. And then when the Verisk matter resurfaced, I realized that I was truly on to something. And the irony of ironies is that the NAMFS Board honestly believed that the two matters were separate. Oh, the legal cases potentially will be; however, the deeper interconnections when it comes to the raising of capital most certainly, are not.
When you look at Verisk’s ownership of AIM Worldwide and the plethora of Industry targeted approaches of owning not only all of the preservation software, but the bidding platforms, as well, it is problematic. Building on that, when you look at the conjunction of Verisk and Littlejohn when it comes to selling companies back and forth, and the conjoining and bisection of not only funds but funding partnerships throughout the REIT space, nothing good is going to come of this.
NAMFS, as an Association, has for far too long been the epicenter of graft, greed, and corruption. And while I would love to out the discussions that have brought us here, it would jeopardize the journalistic integrity of my publication. It would additionally pose problems with respect to fishing expeditions which the FTC and DoJ may like to perform when the investigations kick into high gear. There are simply far too many brave men and women whom have helped bring down NAMFS member offenders that Foreclosurepedia cannot risk revealing their names.
We are requesting that those performing inspections whom have had a volume count through MCS that you reach out direct. The timeline on the information we will present is very narrow. Below, you can find a confidential form to fill out should you be interested in participating in and potentially be paid for any litigation going forward.
