The Gang Is All Here

Aspen Grove Solutions Appointed As The NAMFS Caretaker

This entry is part 5 of 8 in the series Wells Fargo and the Sherman Act

The National Association of Mortgage Field Services (NAMFS) is meeting in Dallas, TX, for its #FraudFest 2016. With Eric Miller, the Executive Director, sitting as Fraudster in Chief, the plotting against Minority Females and Members of Labor has begun in earnest. In fact, after the NAMFS Board Meeting, it is obvious there is concern over the Study which Foreclosurepedia is commissioning to discover if there is a correlation between small penises and NAMFS Membership. We believe there is a legitimate parallel to be drawn between the horrific fraud perpetrated upon Minority Females and the All White NAMFS Board of Directors.

Eric Miller #BlackLivesMatter

As NAMFS still is unable to produce their Internal Revenue Service Form 990 Tax Returns required to be turned over to the public, under penalty of law; as the name tag table still holds piles of NAMFS Convention ID Tags like a sad Christmas Party at the Hospice House, what do you do? I mean while dear ‘ol Bob Goshen was hammering out his message, on life support, earlier today, winds of change began to blow through. The realization that NAMFS not only has a target on its back, but is teetering on financial insolvency, reality finally setting in. I mean when you are underfunded by $38,500 in sponsorships; when your venue is a hotel which is more suitable for an Elks Lodge Convention thirteen miles away from downtown, it is obvious that soon — very soon — you are going to be panhandling and pimping out your washed up Circus Freaks for lunch money.

The NAMFS #FraudFest 2016 is an abysmal failure. Organized chaos is what one attendee termed it as earlier today. As opposed to hosting in a decent venue in downtown Dallas where people could enjoy the metropolitan setting within walking distance, NAMFS opted to corral the NAMFS Membership in a has been hotel THIRTEEN MILES from downtown Dallas. Everyone knows that the NAMFS #FraudFest is always Russian Roulette with a semi automatic. This year, though, NAMFS hit an all time low, scraping the bottom of the barrel by not even being able to host in Dallas, itself. You see, the NAMFS #FraudFest 2016 is in Addison, TX. That’s the dirty secret Miller doesn’t want getting out there. Oh, there’s the El Fenix Cafe over on Belt Line Road, but the cocaine snorting swamp tromp from last year is sorely missing.

What Eric Miller and his Merry Band of Small Penis Financial Terrorists are thinking when they decide to load up tempthe NAMFS #FraudFest Attendees into cattle carriers and ship them to the Circle R Ranch, is unknown.  And for those whom actually load up and head over to one of the most Aryan Redneck venues in Texas, one thing is certain: just like the cattle out at Circle R Ranch, the NAMFS Sheeple are going to sweat their small penises off. I mean the insanity of this outing ranks as one of the worst ideas ever put forward by Eric Miller and the NAMFS Regime. As opposed to winding down on the last day of #FraudFest, Attendees are going to be shipped out to the Dust Bowl, in the heat of the day with 45% humidity. I mean it will be a comedy of errors which will be #Epic to say the least. I can see it now, an all white group of middle aged, small penis Dunlop bellied #Fraudsters rolling around in the dirt like a disjointed orgy of hippopotamuses — whilst hippopotami is the proper spelling for the grammar nazis, it is no longer common usage.

The ubiquitous scandals swirling around Eric Miller’s NAMFS Regime has many within the US Government ANON REPORTERwondering whether or not the NAMFS Membership List might be ripe for both Inspector General audits. Looming and ever present is the fact that the Internal Revenue Service (IRS) is now taking a close look at NAMFS based upon Foreclosurepedia’s third IRS 13909 Complaint we lodged against they. In fact, Miller’s salary, which consumes over seventy percent of all NAMFS Member dues, is more than twice the national average for an executive director at a trade association. Additionally, the commandeering of the NAMFS Academy, a non profit, IRS 501(c)(3), by the for profit Aspen Grove Solutions has already begun sounding alarms within non profit sectors. More on point, though, Aspen Grove Solutions has been either unable or unwilling to pay for the https certificate which has exposed countless people to risk. This is the same Aspen Grove Solutions whom is involved in potentially anti trust violations in cornering the background check market.

Building upon this, the main pusher of the Aspen Grove Solutions snake oil is Wells Fargo. And true irony it is. The following is a portion of the Wells Fargo Corporate Rap Sheet which Phillip Mattera put together,

In November 2009 it had to agree to buy back $1.4 billion in auction-rate securities to settle allegations by the California attorney general of misleading investors. In May 2011 it was fined $1 million by FINRA for failing to send disclosure documents to customers.  That same month, it agreed to pay up to $16 million to settle charges of violating the Americans with Disabilities Act.

In July 2011 Wells Fargo agreed to pay $125 million to settle a lawsuit in which a group of pension funds accused it of misrepresenting the quality of pools of mortgage-related securities. That same month, the Federal Reserve announced an $85 million civil penalty against Wells Fargo for steering customers with good qualifications into costly subprime mortgage loans during the housing boom.

In November 2011 Wells Fargo agreed to pay at least $37 million to settle a lawsuit accusing it of municipal bond bid rigging. The following month, FINRA fined it $2 million for improper sales of reverse convertible securities and later another $2.1 million for failing to properly supervise the sale of exchange-traded funds. Wells Fargo was one of five large mortgage servicers that in February 2012 consented to a $25 billion settlement with the federal government and state attorneys general to resolve allegations of loan servicing and foreclosure abuses. The New York Attorney General later sued Wells Fargo for breaching the terms of that settlement.

In July 2012 the U.S. Justice Department announced that Wells Fargo would pay $175 million to settle charges that it engaged in a pattern of discrimination against African-American and Hispanic borrowers in its mortgage lending during the period from 2004 to 2009. In August 2012 Wells Fargo agreed to pay $6.5 million to settle SEC charges that it failed to fully research the risks associated with mortgage-backed securities before selling them to customers such as municipalities and non-profit organizations.

In October 2012 the U.S. Attorney for the Southern District of New York filed suit against Wells Fargo, charging the bank with engaging in a “longstanding practice of reckless underwriting and fraudulent loan certification” for thousands of loans insured by the Federal Housing Administration that ultimately defaulted. (In February 2016 Wells Fargo said it would settle the case for $1.2 billion.) And in January 2013 Wells Fargo was one of ten major lenders that agreed to pay a total of $8.5 billion to resolve claims of foreclosure abuses.

In June 2013 Wells Fargo settled a lawsuit alleging that it neglected the maintenance and marketing of foreclosed homes in black and Latino areas by agreeing to spend at least $42 million to promote home ownership and neighborhood stabilization.

In October 2013 Freddie Mac announced that Wells Fargo would pay $869 million to repurchase home loans the bank had sold to the mortgage agency that did not conform to the latter’s guidelines.

In December 2014 FINRA fined Wells Fargo Securities $4 million as part of a case against ten investment banks for allowing their stock analysts to solicit business and offer favorable research coverage in connection with a planned initial public offering of Toys R Us in 2010.

In March 2016 the SEC charged Wells Fargo with defrauding investors in a municipal bond offering to finance 38 Studios, a Rhode Island startup video game company founded by former Boston Red Sox pitcher Curt Schilling that eventually went bankrupt, leaving the state on the hook for $75 million in debt.

In April 2016 the Justice Department announced that Wells Fargo would pay $1.2 billion to resolve allegations that the bank certified to the Department of Housing and Urban Development that certain residential home mortgage loans were eligible for Federal Housing Administration insurance when they were not, resulting in the government having to pay FHA insurance claims when some of those loans defaulted.

And yesterday, Reuters was reporting yet another $190 Million settlement against Wells Fargo for defrauding customers.

In an interesting twist of fate, Aspen Grove Solutions background check provider, First Advantage, was shown to provide Arizona Background checks for General Contractors for ONE TENTH OF THE INDUSTRY PRICE. The price? Seven dollars. Incredible. Far more regulatory licensing is involved with General Contractors and yet in the Mortgage Field Services Industry there are NO MUNICIPAL, COUNTY, STATE OR FEDERAL LAWS, RULES OR REGULATIONS requiring that Contractors receive a background check to perform services in the Industry. And yet, Aspen Grove Solutions forces Industry Contractors to pay TEN TIMES THAT AMOUNT for the IDENTICAL SERVICE!

Business as usual for Eric Miller and his Small Penis Brigade. In fact, it is looking like the Long Arm of the Law is finally catching up with the financial terrorists. Words like Sherman Act and False Claims Act are being thrown around like platitudes on a blind date.

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