Bank Foreclosure Fraud - FRAUD Element # 11 of 20 - Stealing Monies on Deposit

The last phase in the Worst Bank Foreclosure Fraud in U.S. History entailed TWENTY separate elements of FRAUD on mortgage loans that were:

• ALWAYS paid before the monthly due date
• NEVER delinquent
• NEVER in default
• And with regard to Mr. Young residence in Chapel Hill, NC, the subject mortgage loan was PAID-IN-FULL on the day he was violently evicted by a SWAT team of corrupt cops.

The 20 Elements of Fraud Were Perpetrated By . . .

. . . At the behest of . . .

. . . to cover-up the FRESCA crimes of MorganStanleyGate 

This entry covers . . .

FRAUD ELEMENT # 11

 which involved . . .
Stealing Monies on Deposit

Although banks have the right to close the deposit account of a customer at its whim (thanks to a strong bank lobby in Washington DC), they do NOT have the right to abscond with the funds held in those accounts when they do so. Because the subject loans were NOT in default, and they held funds in excess of debt service requirements, this was an instance of grand larceny theft of approximately $23,000. 

Jim Hoose of Paragon

Despite being put on notice that closing the accounts and absconding with the funds would be deemed: (1) “a malicious act with intent to inflict emotional distress”; (2) “grand larceny”; and a (3) “fraudulent conveyance”, Paragon Commercial Bank proceeded with this transgression.

Importantly, Congress did NOT bail out Banks so they could defraud and persecute the taxpayers who bailed them out. Moreover, the corruption observed in this matter alone, suggests a threat to the integrity of the U.S. Justice System may exist.