Bank Foreclosure Fraud - FRAUD Element # 8 of 20 - Defamation of Owner and Threatening Tenants

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 # 8

 which involved . . .

Defaming Property Owner With Outrageous

 Lies and Threatening Tenants

Paragon Commercial Bank’s March 25, 2009 Letter issued by Mr. Hoose to all tenants, as well as from David Warren of Poyner & Spruill in an ensuing April 9 letter both contained outrageous lies which were embellished with follow-up calls that disparaged Mr. Young as a deadbeat. Their letters also contained threats of unspecified legal consequences to any tenant who did not fully cooperate with their bullying baseless and entirely FRAUDULENT directives – which is a blatant instance of economic duress, slander and libel.

Hoose                                               Warren

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.

Bank Foreclosure Fraud - FRAUD Element # 7 of 20 - Undermining Property Value By Disrupting Property Operations And Commerce

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 # 7

 which involved . . .

Undermining Property Value By Disrupting
Property Operations And Commerce

Hoose                                       Warren

On March 25, 2009, Paragon Commercial Bank personally visited with each tenant to hand-deliver a fraudulent notice of default and inform them they had declared the mortgage loan on the property in default and to direct them to stop making rent payments to Mr. Young – this proved to be disruptive to business operations and overall commerce at the subject property, known as The Pit Stop of Durham. 

This caused a great deal of anguish and confusion for Mr. Young’s tenants, introduced a dark cloud of uncertainty, and consumed much of their time unproductively, while also causing them to each incur a great deal of unnecessary legal expenses from having to confer with their attorneys. This being the case because they were unsure of how to respond to Paragon’s demand to remit their rent directly to them, without any proof of default (remember, no legitimate proof existed, because the defaults declared on ALL four of Mr. Young’s mortgage loans with Paragon were each an instance of CRIMINAL FRAUD). 

And it is noteworthy how Paragon surreptitiously undertook this FRAUDULENT and baseless action on March 25, 2009 but chose not to advise Mr. Young (via email) of their disruptive action until 9 days had passed (i.e., April 3, 2009).

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.

Bank Foreclosure Fraud - FRAUD Element # 6 of 20 - Embezzlement of Rental Receipts from Tenants

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 # 6

 which involved . . .

Embezzling Income Through Fraudulent

Exercise of Assignment of Rents

The Pit Stop of Durham

On March 25, 2009, Paragon Commercial Bank hand-delivered a letter to all of Mr. Young’s commercial tenants at The Pit Stop of Durham, which FRAUDULENTLY stated his company, Spencer C. Young Investments, Inc., had defaulted on its loan to Paragon, and therefore Paragon was exercising its right under the terms of the loan agreement to begin collection of all rental proceeds from tenants. 

Jim Hoose

With devious intentions, Paragon did not notify Mr. Young of having taken this action until April 3, 2009, when it sent an e-mail, albeit without giving him a call to confirm receipt -- going to Mr. Young was often subjected to cyber attacks that delayed his keeping up with e-mails. Jim Hoose of Paragon also sent a letter dated April 2 by regular mail, which oddly wasn't received until April 11 – it certainly shouldn’t take 9 days for a letter sent from Raleigh to be received in Chapel Hill. Paragon's sinister intention was to further perpetuate their fraud, while compromising Mr. Young's ability to timely respond. 

To be clear – the declared monetary default was a FRAUD, as it was entirely concocted by Paragon, with the assistance of Poyner & Spruill. Accordingly, these efforts to divert ALL of Mr. Young’s income constituted yet another felony – to wit, EMBEZZLEMENT of income, and an instance of grand larceny theft. 

The execution of these sinister actions were intended to catch Mr. Young off-guard, cause confusion among Mr. Young’s tenants, and cut off all of Mr. Young’s income, such that he was suddenly unable to continue supporting the large extended family that had long depended on him. And by doing this, the Perpetrators intended to cause intense personal strife to all of Mr. Young’s family, and give the false impression that he was abandoning them. This is yet another reason why the identified Perpetrators are aptly referred to as outright MONSTERS. 

In an attempt to expose the FRAUD and stem the damages, Mr. Young fired off letters and had extensive conversations with tenants and members of his extended family throughout the month of April in an effort to stem the tremendous damage the Perpetrators were causing. 

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.