Monday, March 1, 2021
This entry is part 17 of 29 in the series NAMFS Offender Member Fraud
Home #BlackLivesMatter Foreclosurepedia Vindicated On Banker Suicide Articles

Foreclosurepedia Vindicated On Banker Suicide Articles

This entry is part 17 of 29 in the series NAMFS Offender Member Fraud

For years, Foreclosurepedia has brought snippets and pieces of the puzzle to the table for tens of thousands of unsuspecting African American Members of Labor whom are defrauded within the Mortgage Field Services Industry daily. Time and again, the perpetrators of this horrific evil are Offender Members of the National Association of Mortgage Field Services (NAMFS) headed by the nefarious Eric Miller. Miller, a former Lender Processing Services (LPS) hack — you might remember LPS and DocX whom robosigned millions of fraudulent foreclosures making homeless tens of thousands minorities during the Great Recession — joined his fellow brethren in the Great Migration to bring fraud to the Industry after LPS was dismantled. You see, while Miller was quietly placed at NAMFS by John Ward, folks like Chuck Sokol were welcomed to ASONS with open arms — arms holding six figure per year salaries bestowed upon he for keeping ASONS Scorecards elevated at LPS during his time there. Sokol, like others, finally made their final rounds to the Ivory Towers of Fraud like Aspen Grove Solutions (AGS), Mortgage Contracting Services (MCS), ASONS and other Floridian and Ohio Rust Belt communities.

For years Foreclosurepedia has made the correlation between the propensity for fraud and violence. The only thing is that the Mortgage Field Services Industry has not encountered it on a large scale. With the ramping up of criminal investigations both within and without the Industry; with the reconveyance of properties and serious oversight of the bidding process by the recently appointed US Department of Housing and Urban Development (HUD) Mortgagee Compliance Manager (MCM) ISN, the reality is that the ability to both hide the enormity and scale of both fraud and financial loss has vanished.

 In 2013 and 2014, Foreclosurepedia began reporting upon mysterious banker suicides littering the globe and we were candid in our belief, along with Zero Hedge and Wall Street on Parade, that they were murders and tied to the Libor scandal. Called crazy and irresponsible, some close financial investment friends stated that there was no way in which the banking sector would kill their own. Preposterous, was a term frequently used, as I recall.

As it turns out, the New York Post and Italian authorities, now tend to agree with the pattern which Foreclosurepedia identified years earlier,

Three bankers in New York, London and Siena, Italy, died within 17 months of each other in 2013-14 in what authorities deemed a series of unrelated suicides. But in each case, the victim had a connection to a burgeoning global banking scandal, leaving more questions than answers as to the circumstances surrounding their deaths.

The March 6, 2013, death of David Rossi — a 51-year-old communications director at Monte dei Paschi di Siena, the world’s oldest bank — came as the institution teetered on the brink of collapse.

Rossi was found dead in an alleyway beneath his third-floor office window in the 14th-century palazzo that served as the bank’s headquarters.

A devastating security video shows Rossi landing on the pavement on his back, facing the building — an odd position more likely to occur when a body is pushed from a window.

‘Yes he killed himself. But there’s a question: Could it be suicide by extortion … There’s a couple suspicions I have.’  — Val Broeksmit, on his stepfather’s suicide

The footage shows the three-story fall didn’t kill Rossi instantly. For almost 20 minutes, the banker lay on the dimly lit cobblestones, occasionally moving an arm and leg.

As he lay dying, two murky figures appear. Two men appear and one walks over to gaze at the banker. He offers no aid or comfort and doesn’t call for help before turning around and calmly walking out of the alley.

Sunday evening, I had a conversation with a colleague of mine whom made a very interesting statement, a statement which I hadn’t heard since I first began reporting upon the waste, fraud and abuse of the Mortgage Field Services Industry,

You know, it may be a good idea that you aren’t writing about [redacted]. I mean this is like the waste management industry and you know where you end up there if you piss someone off.

Multiple whistleblowers have come forward with respect to precisely how Eric Miller’s cronie capitalists defraud both African Americans by refusing to pay them as well as US Taxpayers. In fact, we received statements with respect to how Joe Badalamenti ordered that a manual be prepared to guide Vendor Managers at Five Brothers through the process of chargebacks. This nefarious manual was readily accessible to those whom had a need to unjustly enrich Five Brothers, including Five Brothers General Counsel, Tom Kalas. In fact, during the debriefing of our source, we came to discover that not only did the Blood Book, as I call it, explain how to charge back minorities and other Members of Labor, it created a labyrinth and myriad of schemes to ensure that once a chargeback was in play, Labor was never paid. These actions occurred even though Five Brothers was paid by both financial institutions and the US Government. Building upon that artifice and scheme, which crossed state lines using electronic means, it created a glossary of terms to create veritable slush funds. Terms like seepage were commonly employed to ensure that regardless of the fact that performed services occurred and Five Brothers billed and received payments for them, Labor was never paid.

It becomes far more sinister in that Five Brothers has had a pattern and practice of allowing convicted drug offenders and tax evaders access to HUDs P260 system. This occurred by and through the deployment of C Numbers issued to Five Brothers personnel with clean records whom then freely, willingly and with overt intention allowed non HUD PIV cleared personnel to use their access in a manner not consistent with HUD regulations and federal law.

Since Joe “Bada” Badalamenti, Five Brothers’ founder, stepped down, Five Brothers has become a veritable cesspool of criminality. With liaisons at both US Bank and Wells Fargo, the bids which are assigned a MANDATORY twenty percent padding flow upstream to these liaisons whom, in turn, add more padding in many cases. These liaisons are on the Five Brothers payroll as W2 personnel.

Let me put it in a way in which only a trained media professional such as myself is capable of doing,

In essence, a contractor places a bid for, say, a $100 initial grass cut. That bid is padded by 20% making it now $120. The contractor, in many cases, is told that HUD denies the $100 bid and will pay $80. The liaison rubber stamps the bid — it is important to remember that according to our source NO BANK PERSONNEL AT ANY FINANCIAL INSTITUTION WHERE FIVE BROTHERS HAS A PAID LIAISON EVER SEES THE BID — then for $120 or more. This translates to a padding of $40 and then officially becomes the accepted bid of the financial institution — that’s a False Claims Act violation for all of you living under a rock.

Why is this important? The financial institution is submitting to the US Government, specifically the Federal Housing Administration (FHA), a fraudulent claim for payment upon the FHA Form 27011. This is a violation of the False Claims Act and even several years after the US Department of Justice helped bury identical allegations in Brown v US Bank and Five Brothers, et al., it is obviously business as usual for both the NAMFS Offender Members and the victims, both HUD and the US Taxpayer.

When the rooster’s come home to roost, as they inevitably will, you may rest assured I will be wearing a flack jacket when I report upon it! Long overdue, the pound of flesh which the US Taxpayers wanted from the financial institutions, will finally be extracted with pitchforks from the very morticians hired to do the dirty work of the Masters.

At the end of the day, this nearly decade long documentation of The Greatest Fraud Ever, it is heartening to reflect back and see that the Drive By Media gets something right. The outright murder of bankers to cover up financial crimes is wrong even though I do not mourn their loss. Running in tandem, Foreclosurepedia stands by its prediction that there will very soon be a body count in the Mortgage Field Services Industry as well. Albeit, not singular in reason; while Foreclosurepedia predicts there will be a body count for the fraud perpetrated upon Labor and to cover samesaid up, the reality is that when those bodies do finally start showing up at the morgue, yet another prediction will come to pass.

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Paul Williams
Linux addict buried deep in the mountains of East Tennessee.



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