At the highest levels of the Mortgage Field Services Industry, the Involuntary Bankruptcy filed against National Management and Preservation Services dba National Field Network (NFN) are creating massive reverberations. Shari Nott and Chris Crandell, NFN’s CEO and COO respectively, are hunted animals, cowering in fear. Their once opulent headquarters in Howell, New Jersey, is in shambles. And it is not simply the Minority Females and Labor whom have Nott and Crandell in their crosshairs. Dozens of state and federal lawsuits have come crashing down upon their conspiracy; their artifice and scheme, which for years crossed state lines using electronic means, calculated to defraud not only Minority Females and Labor, but also financial institutions, government sponsored enterprises (GSE) such as Fannie Mae, and the US Department of Housing and Urban Development (HUD). Not a day goes by in the NFN Involuntary Bankruptcy without yet another bombshell revelation. Already, many within the Industry are beginning to draw parallels between the reporting upon the investigations by Special Counsel Robert Mueller with respect to the Trump Administration and NFN. And with today’s release of nearly 79 pages of Exhibits obtained exclusively by Foreclosurepedia, yet another target was painted upon the backs of Nott and Crandell by the Internal Revenue Service (IRS).,
For the first time in the history of the Mortgage Field Services Industry, Minority Females and Labor have prevailed in revealing how National Association of Mortgage Field Services (NAMFS) members truly operate behind closed doors. Whereas most litigation takes years to even hit the federal courts; while most bankruptcies are chosen actions and take months to unwind, the Involuntary Bankruptcy filed against NFN was immediately placed on the federal court’s Rocket Docket. Filed on the 6th of April, 2018, in the U.S. Bankruptcy Court, District of New Jersey (Trenton), Bankruptcy Petition Number: 18-16859-CMG, and titled In re: National Management and Preservation Services dba National Field Network, has already begun to make history within the federal judiciary.
The Honorable Christine M Gravelle is presiding over the matter. A graduate of Suffolk University Law School in Boston, Gravelle obtained her first law licenses in Rhode Island in 1986 and Massachusetts in 1987, followed by New Jersey in 1993. She was active in the state, local and bankruptcy bars, taught continuing legal education and was a member of the court’s Lawyers Advisory Committee.
In what one lawyer termed a “generational change,” New Jersey’s bankruptcy court is in the process of being remade due to a series of retirements and one death that by mid-2015 led to the loss of six of its nine judges within a two-year period.
Lee Perlman, who has a Cherry Hill, N.J., consumer bankruptcy firm, said he found Gravelle to be “very approachable” and said the judge “likes to get both attorneys on the phone” to “work through complex issues.”
Two of the three plaintiffs suing NFN and forcing their Involuntary Bankruptcy are members of the International Association of Field Service Technicians (IAFST). Speaking at an impromptu press conference last week, IAFST Founder and Press Secretary, had this to say about the historic Involuntary Bankruptcy,
This case is not simply about whether or not Shari [Nott] and Chris [Crandell] committed fraud. That is a foregone conclusion. This case calls into question whether or not Fannie Mae and the US Department of Housing and Urban Development are actually abiding by the legal framework which requires, in part, financial auditing from top to bottom. Look, for years, this has been a dirty secret which NAMFS [National Association of Mortgage Field Services] members have attempted to keep hidden. NAMFS members were loathe to sue each other as it would mean blackballing. If you sued, you lost your work — plain and simple.
This case is calling into question whether or not NAMFS members are even verifying whom is doing what and whether or not those holding Prime Vendor status are even legally allowed to do such.
When you look at the simple and salient fact that NFN never filed tax returns; when you look at tens of millions of dollars flowing into a company and not a single Income Tax filing ever occured, this is serious. I mean we are talking not only about fraud committed against those whom might be able to least afford it — Minority Females, Labor, folks whom are one paycheck away from being foreclosed upon themselves — we are also talking about felony income tax evasion. And this is US Taxpayer funds, at the end of the day.
To this point, the IAFST is drawing a line in the sand. An injury to one of us is an injury to all of us. How can you go to the US government and collect continual draws of $3 billion a pop like Fannie Mae is doing and then have absolutely no accountability like they have done with NFN?
Our goal is to support and defend our Membership. We are beholden to no one. The responsibility of the IAFST membership is to the US Taxpayer, in cases like this, and to our end Clients in other cases. We are confident that the Honorable Gravelle will see the importance to send a clear and distinct message to these offenders and protect both our Membership as well as the US Taxpayer.
Within five days of filing, the Honorable Christine M Gravelle was so taken aback by the sheer magnitude of fraud that she approved a Motion To Shorten Time with respect to the appointment of a Trustee to take control over NFN’s financial ledgers. Additionally, in a move calculated to destroy any resistance to what NFN’s former Counsel Citor Deutch referred to as “[…] a snowball’s chance in hell,” Gravelle further accelerated the 205 hearing, as Involuntary Bankruptcies are referred to as, and fast tracked the final court date for 24 April 2018.
Sources within the plaintiff’s camp referred to these actions as, “A knockout in the first round.”
Victor Deutch, NFN’s Counsel whom had demanded twenty cents on the dollar settlements and whom had, for years, threatened and intimidated innocent victims into strong arm settlements was relieved of duty as Counsel for NFN. Admitting that he was unable to properly represent NFN, Shari Nott and Chris Crandell are now scrambling to obtain new Counsel. In fact, Deutch’s request to the Plaintiff’s Counsel, David Shaver, for a Continuance was met with a stark reply,
I see no reason to give you [Deutch] a Continuance. You gave no opportunity to the victims nor the Plaintiffs in this matter. I am simply according you the same as you did to they.
Write 24 April 2018 on your calendar. That is when the real fireworks start firing off. You see, NAMFS members have never thought twice about threatening and intimidating victims whom are outside of their financial control. In fact, Eric Miller, NAMFS Executive Director, refused to even entertain the process of complaints against his Membership, guilty of tens of millions of dollars in fraud, even with the evidence. Miller, whom is paid over One Hundred and Twenty Thousand Two Hundred and Forty Dollars per year has always done everything in his power to victimize the helpless. Miller’s salary consumes over EIGHTY NINE PERCENT of all NAMFS member dues.
Tomorrow, we continue our coverage of the NFN Involuntary Bankruptcy digging deeper than ever and tying in dozens of NAMFS members whom all facilitated Shari Nott and Chris Crandell. You don’t want to miss it!