Bank Foreclosure Fraud - FRAUD Element # 15 of 20 - Secretly Accelerating the FRAUD- Induced Appointment of a Receiver

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 # 15

 which involved . . .
Secretly Accelerating the FRAUD-
Induced Appointment of a Receiver

Jim Hoose

Paragon Commercial Bank and Poyner & Spruill (the "Perpetrators")were never required to prove there was a default -- rather all foreclosure actions they had undertaken were based solely on equivocations and bold-faced lies contained in an affidavit submitted by Jim Hoose of Paragon Commercial Bank – with absolutely no burden whatsoever of having to prove there was in fact a default. This was patently preposterous and entirely abusive.

The Dastardly Plan
And since all of the subject loans were made to corporations, and Mr. Young was denied his rights to engage legal counsel, the bogus assertions by the Perpetrators could not be challenged. And even though Mr. Young had in his possession evidence contained herein and in the Exhibits, that proved there was NEVER a default and that ALL legal actions undertaken by the Perpetrators were predicated on an audacious CRIMINAL FRAUD, the Perpetrators were allowed to aggressively proceed with their entirely FRAUDULENT foreclosures uncontested.

The Crooked Judges Involved

These facts were brought to the attention of Wake County Judge Carl Fox, Orange County Court Clerk James Stanford, and Wake County Judge Donald Stephens, and in each case, their response indicated their ethics had been severely compromised, and behaved in thoroughly corrupt manner – and there is something terribly wrong with this. Fox knowingly presided over the fraudulent appointment of a receiver, Stanford knowingly presided over most of the fraudulent foreclosures, and Stephens colluded with Poyner & Spruill to grant an absurd ex parte motion.  Details are reflected in the documents listed below, and accessible via hyperlink.

Carl Fox                         James Stanford                   Donald Stephens

Moreover, Poyner & Spruill held a secretive hearing with Justice Donald Stephens without Mr. Young’s knowledge to grant an uncontested motion to accelerate a hearing to appoint a Receiver, and deliberately delayed Mr. Young’s receipt of this highly questionable and grossly inequitable ruling. And under the circumstances there was no need for something that is typically reserved for situations where a child’s welfare is endangered.

Those Responsible Are As Evil As Evil Can Be
These actions were entirely FRAUDULENT and had UNLAWFULLY intercepted ALL of Mr. Young's income, thus knowingly preventing him from funding critically necessary cancer treatments for his wife of 24 years (Refer to national television coverage on Maria Young's passing in the below video), who passed away two years later.  This also gave his adult sons the impression Mr. Young had deliberately abandoned them financially -- as a result, they have estranged themselves from him.

Supporting Documentation

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15	Secretly Accelerating theFRAUD-Induced Appointment of a Receiver These documents show how Paragon and Poyner & Spruill collaborated with judges to accelerate the appointment of a Receiver without ever having to prove there was in fact a default on the subject notes while denying Mr. Young from presenting evidence that show all proceedings to be a FRAUD.	Complaint & Motion for Appointment of a Receiver– Superior Court – 09-CVS-8798 – 5/4/09	1-12
		Emergency Motion for Appointment of Receiver – Superior Court – 09-CVS-8798 – 5/8/09	13-18
		Cover letter of  Ex Parte Documents received two business days before hearing – May 11, 2009	19
		Order Shortening Time and Notice of Hearing Superior Court – 09-CVS-8798 – 5/11/09 (Executed)	20-22
		Order Shortening Time and Notice of Hearing Superior Court – 09-CVS-8798 – 5/11/09	23-25
		Summary of Key Points for Ex Parte Hearing which Spencer Young was precluded from defending (Denial of Right to Due Process / Loans NOT in default)	26-29

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.