Government Gone ROTTEN .... Bank Looting 101
The Owners of Western Bank Were So Broke when You FRAUDULENTLY Closed Them Down they went out and BOUGHT ATOS ORIGIN
http://atos.net/en-us/home.html About RLG Holdings - 2 | Westgate Investments www.westgate.ch/about/rlg/2 Westgate Investments. Baar, ZG. ... RLG led a management buy-out of Atos OriginMiddle East, ... RLG building Houston 1994. Continue. 1 2 3. USA Inc Black Ops Banking - Google Sites https://sites.google.com/site/usaincblackopsbanking/home ... RLG led a management buy-out of Atos Origin Middle East, ... WestgateInvestments Management Team. ... BURIED IN TEXAS MUD Paper: HOUSTON … The Western Bank / American Title - Google Sites https://sites.google.com/.../thewesternbankameric.../home... Allen Prkwy Houston, Texas and the FBI and all those Texas ... The Land Flips and Other BS was being run by Westgate Investments the Labaettis from Nigeria the .. I guess State Land Commissioner Gary Mauro , The Bushs and the Clintons and the State of Texas must Love The MAFIA from RLG The Shuttering of the Western Bank was a GIANT HEIST ..... I'll Bet KAT WOOLFORD knew all about it like Carlyle Group and Bearing Point and the CIA / NSA FBI / DOJ The Principles Behind Western Bank have been BILLIONAIRES throughout the entire SWINDLE On Fri, Jan 10, 2014 at 6:54 PM, Judson Witham <jurisnot@gmail.com> wrote: The Records Concerning Who Owned and Who the Officers and Directors were in RLG / Westgate Investments Western Bank Houston and it's Branch Banks is being requested. See http://www.westgate.ch/about/rlg/2 Western Bank was owned by very very very very Wealthy People RLG led a management buy-out of Atos Origin Middle East About RLG Holdings | Westgate Investments www.westgate.ch/about/rlg Westgate RLG Holdings RLG Holdings – Since 1920. In 1920, the Rida Lababedi Groupwas founded in Manchester, England. The business concentrated on textile … Rida Lababedi Monaco Investment Management It's being Looted is Highly Suspect and I'd care to claim Staged by Fraud and a Fake Please provide the records requested. On Fri, Jan 10, 2014 at 4:42 AM, Judson Witham <jurisnot@gmail.com> wrote: Bank Lootings or is it Bank Failures ???? MAYBE It's BOTH !!!! Looting a Bank would be a Great Way to FAKE it's Failure Huh ... You Know Bank Failure FRAUD .... Yeah Bank Failure FRAUD ...... Banks lend out 10 times MORE than they have on deposit. Fraud and looting are very very very common. Could it be possible the fraud and looting is STAGED and the Banks Insolvency is a Fraud and a Hoax ..... It would be just another form of FRAUD to PUMP and DUMP the Banks huh. Fraudulently looting a bank and then STAGING it's insolvency ..... FAKING THE BANK FAILURE You Know It was ROBBED instead .... Hello On Sun, Dec 29, 2013 at 10:51 AM, Judson Witham <jurisnot@gmail.com> wrote: http://www.wysk.com/.../aute3v3/rlg-holdings-llp/profile I am needing all Corporate Registry and Income info, financial holdings and Corporate Officer Information if any for RLG , Western Bank , Westgate Investments This Bank's Owners are Hugely Wealthy and their Insolvency was FAKED in August or September of 1987. I need a full explanation as to how such an enormously wealthy Milt-National Financial Interest can be allowed to FAKE it's Insolvency. see http://www.westgate.ch/about/rlg http://www.westgate.ch/about/rlg/2 http://www.westgate.ch/about/rlg/3 They were the owners of Western Bank Houston Texas and it's 5 branches Western Bank failures largest in city's history SCOTT CLARK : Houston Chronicle Staff .... Starting with the bank on Westheimer, Western built a group of five banks in the early 1980s. The North Wilcrest bank was opened in 1983. 10/02/1987 I am interested in all affiliate Companies and Businesses these Companies, Own, Control or have interests in. Thank You Judson Witham All About Western Bank's Owners RLG Holdings – Since 1920 In 1920, the Rida Lababedi Group was founded in Manchester, England. The business concentrated on textile trade between Europe, Africa & the Middle East. Gradually, the company diversified in order to provide financial services for our partners' growing business needs. In 1959, RLG was an established trading company perceived as a pioneer in the triangular trade thanks to its expansion in the Asian markets. Our relations network and good reputation in Nigeria enabled the successive establishment of a variety of businesses across West Africa: motor vehicle distribution, textile manufacturing and wholesale, furniture manufacturing, plastics, metal products, soft drinks and fishing. The Nissan and Datsun distribution business achieved remarkable success and became one of the largest vehicle distributorships in the World. Pictures: RLG's first offices in Manchester in 1920 The board of Intra Motors in Lagos 1963 Nissans arriving per thousands in Port Harcourt Nigeria 1965 Continue RLG Holdings – Real Estates and global expansion As of 1966, through the need to build offices for its own companies, RLG Holdings entered the real estate business and began to lease office and commercial space to others. This business was to become one of the company's main areas of expertise. In 1976 the group extended its activities to the United States via strategic investments in major fields, including real estate, financial and venture capital investments, farming and banking. Since then RLG has operated in a variety of fields, ranging from video games and vineyards to ship building and chemical engineering. Over the years, the group has operated businesses in over 30 countries and on every continent, at times employing over 6,000 people. In 2006, RLG led a management buy-out of Atos Origin Middle East, an IT services company. On the back of this investment, RLG has quickly developed excellent relationships with business partners around the Persian Gulf, leading to new ventures in Bahrain, U.A.E., Lebanon, Egypt and Libya. Pictures: Western Bank headquarters Houston 1982 Houston Downtown 1980's 1300 Main – RLG building Houston 1994 RLG Holdings – Tradition, Quality & Good Practice RLG Holdings is a family-owned business and values its excellent relationships with all of its many business partners, many of whom we have worked with for decades. Likewise, many of our employees have been with us for over 30 years. Throughout its history RLG and its management team has been highly effective in its results-oriented approach to creating and operating business ventures and its many interests make it excellently placed to take advantage of new and emerging technologies; something we look forward to building on as we move into the future and the new opportunities it brings. Pictures: RLG development in Sapporo Japan 2007 Midas stand at E3 in Los Angeles 2004 Westgate Victoria new development in London 2007
The
CHURNING of Fake Financial Paper as that is Associated with Daisy
Claims and Land Flips has a great number of VARIATIONS involving
Trusts, Estates, Insurance Payouts and a Great Number of Similar
Schemes to numerous to mention here. Here is another installment on Your Education ...... FAVORITE S&L FELONIES - November 5, 1990 - CNN Money
Nov
5, 1990 - Land flips:The fraudulent inflation of a property's value
through multiple sales. ... Robert Luera 48, proprietor of a Mexican
restaurant in Redding, California ..... Mary Feezel 47, assistant
treasurer at Elgin Federal Financial Center .... Ronald P. Slepian, 58,
an attorney and broker, participated in a land flip that ...
LAND FRAUD AMERICAN STYLE - The Great Texas Bank Job
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The Corruption and Looting of America - Blogger
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Government Regulator Sues Wall Street Banks For Fraud In ...
www.huffingtonpost.com/2011/09/02/banks-sued-subprime-mortgage...
Sep 02, 2011 · Government Regulator Sues Wall Street Banks For Fraud In Subprime... The federal government late Friday ... widespread fraud in the foreclosure ...
Push to tax big four banks for special "too big to fail ...
article.wn.com/view/2014/02/10/Push_to_tax_big_four_banks_for...
Feb 10, 2014 · Nobody really knows how much the subprime implosion will ... settle claims the bank sold the US government ... foreclosure fraud and ...
Was There a Plan to Blow Up the Economy? The Subprime ...
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The Subprime Conspiracy. ... The federal government’s actions were so egregious and so unprecedented ... dinsfla - who has written 6485 posts on FORECLOSURE FRAUD ...
Anonymous Vs Bank of America – Potentially Alarming ...
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Bank Corruption and Fraud,the Who ,the How and the Why …
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May 09, 2010 · ... Greenspan and many other high-ranking officials understood the problem with subprime ... Bank Corruption and Fraud ... Government is to Loot ...
Richard Secord and the ENTERPRISES Banking Crimes
Billions over Baghdad | Vanity Fair
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Billions Over Baghdad: How Did $9B in Cash Airlifted from ...
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Sep 12, 2007 · Billions Over Baghdad: ... Vanity Fair contributing editors Donald Barlett and James Steele follow the money trail from the Fed to Iraq.
Iran–Contra affair - Wikipedia, the free encyclopedia
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... transposed the numbers of North's Swiss bank account number. A Swiss businessman, ... Oliver North and John Poindexter were indicted on multiple charges …
Videos of The Mafia The CIA George BushHerman K. BeebeFrom Wikipedia, the free encyclopedia
Jump to: navigation, search
Herman K. Beebe, from Louisiana, was a convicted felon and Mafia associate.
He had many connections to the intelligence communit y and was
considered godfather of the dirty Texas S&Ls. He initially started
his career in the insurance business and eventually banking,
specifically; Savings and Loan Banks. Herman Beebe played a key role in the Savings and Loan scandals. Houston Post reporter Pete Brewton [1] linked
Beebe to a dozen failed S & L's. Altogether, Herman Beebe
controlled, directly or indirectly, at least 55 banks and 29 S & L's
in eight states. What is particularly interesting about Beebe's
participation in these banks and savings and loans is his unique
background. Herman Beebe had served nine months in federal prison for
bank fraud and had impeccable credentials as a financier for New
Orleans-based organized crime figures, including Vincent and Carlos Marcello.[2]
The "Godfather" of Savings and Loans theft and his "Den Of Thieves"The NSA's Banksters vs The CIA's Banksters
Did I forget to Mention Charlie Wilson's War
The Western Bank / American Title - Google Sites
https://sites.google.com/site/thewesternbankamericantitle
http://www.bing.com/search?q=Ghost+Paper+Wildcat+Red+Flag+Illegal ... Fraud+Witham+Colonias+Subprime&go&qs=n&form=QBLH&pq ... unrecorded or "redflag…
Red Flags and Subprime - Google Sites
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Witnesses at the White House Fact Is Wildcat, Ghost, Paper, Red Flag , Unrecorded... Las Colonias SUBPRIME ... "We recognize that during the early 1980s up to ...
Occupy JAIL - The Great Texas Bank Job - Google Sites ...
https://www.facebook.com/permalink.php?id=258632957514959&story...
Griffin Abstract and all those Colonias and Unrecorded ... Red Flags = Ghosts =Wildcat = Paper ... judson witham bank looting subprime land fraud mail fraud colonias...
Bend Over America Off The Cliff - Blogger: Create your free Blog
banksterssodmizeamerica.blogspot.com/2013/01/bank-and-market...
The Paper Land Con and Felonious Colonias and what ... q=Ghost+Paper+Wildcat+Red+Flag+Illegal ... 338 "red flag" subdivisions -unrecorded ...
The Corruption and Looting of America
americalooted.blogspot.com
http://www.bing.com/search?q=Ghost+Paper+Wildcat+Red+Flag+Illegal ... The PaperLand Con and Felonious Colonias and what ... Red Flags and Subprime ...
MORE REAL ESTATE & MORTGAGE FRAUD SCHEMES EXPOSED
www.rumormillnews.com/cgi-bin/archive.cgi?read=115042
( Yeah like 550 Billion would do what 1,00s of times MORE - Judson Witham ) ... The Continuing SAGA of MUD & MONEY - the Land Cons and Bank--S&L Lootings
 CROOKED DEVELOPERS & BANKING COLLAPSE -- The …
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... Judson Witham Subject: CROOKED ... someone dies because an emergency vehicle cannot clear the mud and ... like this is you've got so much money invested and you ...
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JUDSON WITHAM'S CRACK DOWN The Story of "MUD & MONEY" Texas StyleRemember That Little Bank and S&L Debacle Shafting ... "If I had the money, …
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Judson Witham Home; Feed; Videos ; Discussion ; About ; HUDs Big Lie ... Follow TheMoney 337 views; 5 months ago 27:56. 4thofJulyWakeUp 337 views; 4 ...
[cia-drugs] BooshCo & Financing The Global Coup d' etat
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JUST MASSIVE AMOUNTS OF Missing LOOTED MONEY from Public Treasury, Retirement Accounts, Social Security, ... judson witham <[EMAIL PROTECTED] …
WASHINGTON: White-collar crimes, not poor economic …
loveforlife.com.au/content/07/12/07/washington-white-collar-crimes...
Judson Witham. judson witham wrote: The Continuing SAGA of MUD & MONEY - the Land Cons and Bank--S&L Lootings. You Know Funny Thing Is CONROE , ...
Some Examples
 Tipline Investigation: Foreclosure Activists Claim Billions ...
KEYT13 days ago
Members claim billions of dollars have been stolen in Santa Barbara County and ... "Save Our Homes Santa Barbara" put together a 104 ... We don't check for fraud, ...
Tipline Investigation: Foreclosure Activists Claim Billions ...
stopforeclosurefraud.com/2013/12/04/...billions...fraudulent-records
Dec 04, 2013 · Santa Barbara County has ... Members claim billions of dollars have been stolen in Santa Barbara ... A group called “Save Our Homes Santa Barbara” …
[CTRL] [1] The Great Texas Bank Job - Mail Archive
Pentagon Bank Account Linked To Contras - Orlando Sentinel
articles.orlandosentinel.com › Pentagon
North's apparent use of the bank account also is being investigated by Iran-contraindependent counsel Lawrence Walsh, CBS said. The news report said that the …
Fifth Circuit Court Cases - Case Law and Opinions from the 5th ...
www.romingerlegal.com/fifthcircuit/opinions/96-20295.CV0.wpd.html
entering into certain real estate transactions, known as "swaps," with O. Dean Couch, ... stemming from Couch's fraud were covered by the Rider to the Bond.
FEDERAL DEPOSIT INSURANCE CORPORATION v. FIREMEN …
caselaw.findlaw.com › United States › US 5th Cir.
... known as “swaps,” with O. Dean Couch, Jr., ... The FDIC sought a declaration that USAT's losses stemming from Couch's fraud were covered by the Rider to the ...
O. Dean Couch - Houston - Houston News and Events | …
www.houstonpress.com/related/to/O.+Dean+Couch
O. Dean Couch.
News December 1, 1994. The Trial of Joe Russo. An intimate look at how
-- and why -- Houston's high flyer of the '80s was taken apart in court.
Now ...
PHONY DEEDS- MORTGAGES KEY TO MASSIVE MORTGAGE FRAUD For
fugitives Victor and Natalia Wolf, the police poster tells the story:
hundreds of victims from land fraud swindles across Florida totaling
millions in losses.
But the couple’s lasting legacy may be found in their most prized possession: their home.
In
their final desperate days, the Wolfs managed to get a spate of sham
mortgages slapped on their North Miami Beach house — creating 21 fake
transactions — to squeeze millions from lenders before vanishing.
The
legal drama in Miami-Dade circuit court offers a rare snapshot of one
of the most egregious scams carried out on a single home in South
Florida during the mortgage fraud crisis in a case that continues to
confound even veteran real-estate lawyers.
In
two instances, the Wolfs convinced lenders to give them loans against
the home totaling $1 million — even though they didn’t own it anymore.
The
case highlights the bevy of attorneys and agents who helped orchestrate
the backroom deals without any resistance from regulators or law
enforcement.
Two
lawyers directly involved in the deals have since been criminally
charged in other cases and disbarred, while a third is suspended from
practice.
“A
pit of vipers,” said Brian Vodicka, a retired business professor who
lost $915,000 in a Wolf deal in Texas. “They created so many dummy
companies, they made it impossible for law enforcement to keep up.”
Now
fugitives, the Wolfs are accused of being part of an organized network
of Russian nationals who carried out a string of land frauds in Florida
and Texas that bilked 400 people, three banks and four other lenders of
nearly $100 million.
LIONS AND STATUES
For
years, the house surrounded by Roman statutes and two gilded lions
served as the couple’s residence when they launched their company, Sky
Development Group, pledging to grow into one of the largest development
firms in Florida.
For the Wolfs, the white, columned home in the 3200 block of 167th Street was a place to entertain and recruit investors.
There
were cocktail parties at the home, and movies filmed in the backyard
with young women showing up to be video taped, recalled a neighbor.
“There
were big movie lights set up in the back,” said William Dean, a former
Miami-Dade assistant state attorney who lived two doors away. “There was
a huge truck that was bringing all this movie-making equipment. I saw
all these beautiful women walking to the front of the house. I can only
guess what they were filming.”
But two years after they launched a national advertising campaign to recruit investors, they began to run into trouble.
Initially, major loans were overdue to private lenders, and then the couple began bouncing checks.
By
the time customers discovered deeds to their lots were fabricated, the
Wolfs began to convert their house into an illegal cash machine.
First, Natalia Wolf received a $2.3 million loan from a Long Island,
N.Y. company — G & G Property Investments LLC — securing the money
by putting a mortgage on the house as well as other commercial
properties the Wolfs owned.
Then
two months later, she and Victor Wolf turned over ownership of the
house to G & G “in lieu of foreclosure.” But the scams didn’t end.
Two
weeks later, Natalia Wolf marched into a loan company and claimed she
still owned the house, showing a bogus deed and title. In just days, she
walked away with a $224,000 loan on the house from the lender, City
First Mortgage.
Less than a month later, she did it again, going to her own lawyer, Hollywood attorney Ben Schulman, asking for a $725,000 loan.
Schulman
agreed, turning over the money to her, and taking out another mortgage
on the house to secure the money — even though she didn’t own it.
But it still wasn’t over.
While
the Wolfs were now launching a new development company in Texas, they
continued to look for ways to make money from a house they didn’t own.
This
time, Natalia Wolf announced she was going to sell it — for $3.5
million — by concocting a phony deed and finding a 24-year-old straw
buyer with a fake Michigan address.
The
lawyer for the buyer: Richard Aronsky, 42, who has since been disbarred
and was arrested last month on charges of stealing millions in home
mortgages.
The
loan broker arranging the deal: Globex Lending of Aventura, whose
owners happened to be partners with Natalia Wolf in three Florida
companies. But the bank rejected the deal because the price was grossly
inflated.
With
police on their trail, the Wolfs fled the country in late 2006 —
leaving the ransacked house behind — but the flipping didn’t end.
In the ensuing months, a new cast of characters would emerge in the home, adding even more confusion to the case.
Five
years after the Wolfs disappeared, Groysman says he wants to resolve
the case for his client. “He’s a victim, along with hundreds of others,”
said Groysman, a former Broward assistant state attorney who filed
court papers last week charging the house has been a fraud mill for its
owners.
“Real
people were hurt. It’s scary that millions of dollars can be stolen
from a bank with a pen instead of a gun,” he said, “and the taxpayer and
legitimate lenders have to pay for it.”
Written By-Michael Sallah (edited for space)
The Corruption and Looting of America
americalooted.blogspot.com
... of mortgage and foreclosure problems that resulted from the failure to adhere to the requirements of well-settled state real estate ... bank+looting+subprime+land ...
BANKERS GONE WILD - HOW THE US GOVERNMENT HELPED …
whatreallyhappened.com/WRHARTICLES/wildbankers.php
... the Bank of England lobbied King George ... Commercial real estate was caught up in the ... That the relentless looting of the public treasury to cover-up ...
David Dayen: Out of Control – New Report Exposes JPMorgan ...
www.nakedcapitalism.com/2013/03/david-dayen-out-of-control-new...
Land Swindles and Bank Looting, ... Real estate (1356) Regulations and regulators (2734) Ridiculously obvious scams (135) Risk and risk management (589) Russia (43)
Lender Processing Services, Inc. - SourceWatch
www.sourcewatch.org/index.php?title=Lender_Processing_Services,_Inc.
Dec 03, 2011 · Document forgery, LPS's denial. An LPS-owned company called DocXwas one of the nation's biggest forgery mills for fake foreclosure documents. DocX …
DocX and Deutsche Bank in the German Press – Complete with …
4closurefraud.org/2012/05/25/docx-and-deutsche-bank-in-the-german...
May 25, 2012 · the Deutsche Bank, with fake documents ... called “DocX” thedocuments created while Angestelltemit fictitious identities, on behalf of all possible
Docx Fabrications & Forgeries – Comparing Signatures ...
4closurefraud.org/...comparing-signatures-titles-on-mortgage-documents
Jan 19, 2010 · 23 Responses to “Docx Fabrications & Forgeries – Comparing Signatures & Titles on Mortgage Documents ... Docx Fabrications & Forgeries ...
BBC News | Latest news | Starr 'closes in on Hillary'
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Speculation is mounting that he will publish a damning report into the Clintons' role in theWhitewater ... Farms. Until now, the Clintons ... Castle Grande deal. The ...
Clinton's Mauro to H & W Bush "WESTERN BANK" - Willis to ...
permalink.gmane.org/gmane.culture.discuss.cia-drugs/13965
Clinton's Mauro to H & W Bush "WESTERN BANK" - Willis to Spring - CIA ... The CLINTONIAN CON with Whitewater, Castle Grande, Maplewood Farms, ...
The Special Committee's Whitewater Report
whatreallyhappened.com/RANCHO/POLITICS/WW/white21.html
The Special Committee's Whitewater Report Part II. GOVERNOR CLINTON'S ... his Flowerwood Farms ... Clinton's role in the Castle Grande transactions ...
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The CLINTONIAN CON with Whitewater, Castle Grande, Maplewood Farms, Campebello Island and the LAND CONS of Gary Mauro the Clintons CAMPAIGN …
THE GREAT TEXAS BANK JOB - THE CATBIRD'S NEST
https://sites.google.com/site/thecatbirdsnest/home/the-great-texas...
The Clintons long Time Buddy and Campaign Manager Banking at Judson ... Land Speculation LIKE the Whitewater, Castle Grande, Maplewood Farms and that WE …
Lets See Witham started in 1981 and the Feds react
what 8 YEARS LATER, geesh good job FBI and DOJ Go Dick Thornburg Lets See Witham started in 1981 and the Feds react what 8 YEARS LATER, geesh good job FBI and DOJ Go Dick Thornburg "He said FBI officials in Houston recently told him they had a backlog of 200 cases they couldn't investigate because they didn't have enough agents." Henry Onken Asst. US Attorney "The problem is that a lot of the assets are in worthless real estate " US Attorney Marvin Collins Dallas TX Billions Looted TEXAS , BURIED IN TEXAS MUD Paper: HOUSTON CHRONICLE Date: FRI 12/08/1989 Section: Business Page: 1 Edition: 2 STAR Government plans to double forces fighting thrift fraud Don't Forget The BANKSTERS Boys - JW "Oh" and the Title Companies and the REAL ESTATE BUMS RIGHT NELDA BLAIR !!!! By BILL MINTZ, Houston Chronicle Washington Bureau Staff WASHINGTON - Federal officials announced plans Thursday to double the number of FBI agents and prosecutors assigned to thrift fraud. ( What No Banks Involved ) Attorney General Dick Thornburgh said the government will hire 350 new investigators, accountants and prosecutors - including 56 in Houston - to crack down on people who drove savings and loan institutions out of business through fraud and illegal insider loans. What No Banks Involved The new $50 million effort was authorized in the thrift bailout legislation approved last summer. Thornburgh acknowledged that many thrift fraud cases have languished in FBI and U.S. attorneys offices because there were not enough agents or prosecutors to pursue the cases. FBI Director William Sessions said some FBI offices "literally have been overwhelmed" by fraud cases stemming from the collapse of the thrift industry in Texas and several other states. What No Banks Involved "Wrongdoing in the savings and loan industry may turn out to be the biggest white-collar swindle in the history of our nation," Thornburgh said in a prepared statement. Deregulation at the state and federal levels in the early 1980s opened the door for thrift owners to move from traditional, low-risk home mortgages into more risky ventures, such as real estate development, commercial lending and high-yield junk bonds. But state and federal regulators lacked the resources to increase their scrutiny of the new transactions - even though the thrift owners were investing federally insured deposits. About 500 thrifts have failed in the last two years, crushed under the weight of risky transactions that collapsed when the real estate market weakened in Texas and other energy-produc ing states. YEAH BUT WHAT ABOUT THE BANKS DICK ?? Thornburgh said 27 cities will receive new resources under the program, with substantial resources directed to Dallas, Houston, Kansas City, Los Angeles, New Orleans, New York and San Antonio. The FBI's Houston field office will add 27 agents and 14 accounting technicians, Thornburgh said. The Houston office currently has about 20 agents assigned to bank and thrift cases, a spokesman said. The Justice Department also will add 15 prosecutors in Houston. U.S. Attorney Henry Oncken said he now has nine prosecutors in the fraud unit. "Bank and savings and loan fraud cases are extremely labor intensive," Oncken said in a telephone interview. "They take a lot of time to unravel." He said FBI officials in Houston recently told him they had a backlog of 200 cases they couldn't investigate because they didn't have enough agents. In Dallas, where a highly publicized bank fraud task force has obtained 57 indictments and 46 convictions, the Justice Department will add 37 agents, 17 accountants and 15 prosecutors. Thornburgh said it was not his job to determine if the widespread fraud was caused, in part, by lax regulation. Oh and the 600 Illegal Subdivisions in CONROE had nothing to do with it ?? SURE DICK !!!! Marvin Collins, the U.S. attorney in Dallas, said regulators probably couldn't have stopped the "cowboys" who looted the thrifts in his area. WOW but look who said it FIRST "Montgomery County has had years to enforce those regulations, but the good old boys sat back in their boots and straw hats and said `OK, let's be easy on this one. He's a good old boy like the rest of us,"' Witham claimed. "I've done what I've had to to get my point across." ........... 1987 Judson Witham - Whistleblower Community Activist Paper: HOUSTON CHRONICLE Date: MON 06/22/1987 Section: 1 Page: 10 Edition: 2 STAR Resident's crusading `fans fire'/Subdivision's critic outlines difficulties By CATHY GORDON Staff Thornburgh and Collins both acknowledged that the billions of dollars lost through thrift fraud cannot be recovered through criminal prosecutions. Thornburgh said "many of these assets have been dissipated, spirited away." He also said it would be "misleading" to claim that a lot of the money would be returned. "The problem is that a lot of the assets are in worthless real estate," salable for only a fraction of the money loaned against the properties, Collins said. GEESH YOU THINK But the attorney general said the prosecutions still are important. "If laws are firmly enforced, they will provide a deterrent to future criminal activity." judson witham <jurisnot@...> wrote: Another problem was that the thrift was in violation of the Interstate Land Sales Act, which required that the development be registered before any sales occurred. Jim Clarke NATIONAL BANK EXAMINER judson witham <jurisnot@...> wrote: How do you Rob 550 Billion Dollars ? First Lots Of Folks Have To Look The Other Way In the interview memo below done by a congressional committee, Clark listed a variety of illegalities and severe mismanagement at Madison. frontline: once upon a time in arkansas: Jim Clark's Testimony ... connected, that he knew Governor Clinton, and that the Governor's wife and ... such as Madison's affiliated title company, Quapaw Title, to trace loan proceeds. ... pbs.org/wgbh/pages/frontline/shows/arkansas/castle/clarktestimony.html - 39k - Cached - More from this site The Whitewater / Castle Grande Connections The principal problem with the development was that it lacked a central sewage system, which would have been very costly to install. To avoid the expense, McDougal decided to just put in a well and septic tank. Another problem was that the thrift was in violation of the Interstate Land Sales Act, which required that the development be registered before any sales occurred. In the examination team's review of Campobello Island, a memorandum authored by Beverly Bassett Schaffer before her appointment as S&L commissioner was discovered. The memorandum pointed out that the thrift was in violation of the Act. Jim Clark's Testimony NATIONAL BANK EXAMINER http://www.pbs.org/wgbh/pages/frontline/shows/arkansas/castle/clarktestimony.html http://www.blairhouse.org/ ooops http://www.theblairhouse.net/gallery.cfm The You Need Some Folks At Title Insurance Companies WOW all those TAX RECORDS and 600 Illegal Subdivisions and Representing AMERICAN TITLE looks like American Title's NELDA GOT RICH huh !!!! SEE www.publicans.com for Title Abstract and TAX RECORDS Maybe Just Maybe The Griffin Title & Abstract Fire was SET ??? JUDSON WITHAM'S CRACK DOWN The Story of "MUD & MONEY" Texas StyleRemember That Little Bank and S&L Debacle Shafting Consumers Robbing Banks and getting TAX EXEMPTIONS AND Government Funding Too !!! Witham's Challenge: Montgomery County DA Mike MacDougal ought to have a few Polygraph Sessions and get to the bottom off Clesson's and RV Kings Claims !!! Start with Nelda Blair & Marcus Winberry and ALL Montgomery County Commissioners and oh yeah JUDGE MAYES and County Judge Sadler. Lets see HOW MANY Conroe High Society and Political Types and their FINANCIAL CONTRIBUTORS are involved in this little COVER UP !! Hello Texas AG Abbott Red Flags are COLONIAS and Colonias are RED FLAGS That's Right Huh Gregg Abbott !!!! Note: Find Lucy Proctors Old Red Flag Subdivision Stories in the CONROE COURIER !!!! Paper: HOUSTON CHRONICLE Date: MON 06/22/1987 Section: 1 Page: 10 Edition: 2 STAR Resident's crusading `fans fire'/Subdivision's critic outlines difficulties By CATHY GORDON Staff Kneeling beside a large pothole, Pinewood Village resident Judson Witham recites statutes from the state property code as if they were treasured passages from a favorite poem. "I about know them by heart," Witham proclaims, measuring the pothole's depth with a fallen twig. "I've made it my duty. I want to warn people about the Pinewood Villages of the world." Around the Montgomery County courthouse, Witham's name is synonymous with the problem-plagued subdivision he lives in. Dear Channel 26 Et Al , Ms. Davis & Pam : The Hall Saga what a BAD and Sick Joke Sorry for all the reference materials. Note : Remember Robert L. Vickers and his being a PRINCIPLE in the Pinewood Village CON up in the 4th Pct. of Montgomery County EAST of Conroe. I have been researching these matters for more than 25 years. First to understand the issues involved one must look at the practice of Land Speculation and Land Subdivision as these practices are involved with Banking and Consumer Finance. The use of the US Postal service to collect payments and the Various Forms or Types of CONTRACTS involved in perpetuating the business of LAND SALES and MARKETTING. First take a look at the Legislative TIMING and Purpose of Former Texas Penal Code 1137h. Passed by the Texas Legislature in the very brunt of the National Banking Failures of the 1930s. The RAMPANT and many times NON EXISTANT Subdivisions and NON Existant Lots were largely connected to Vast Numbers of BOGUS Loans and Failled Land Speculations of the 1920s and Early 1930s. The Legislative Record of 1137h reveals the ACCURACY of the above claims. http://www.oag.state.tx.us/opinions/op47mattox/jm-0508.htm except from the above link TX AG opinion transferred from article 1137h of Vernon's Penal Code by authority of section 5 of Acts 1973, 63rd Leg., ch. 399, at 995, enacting the new Penal Code. A person may be prosecuted under article 6626c, V.T.C.S., in two separate circumstances. First, for the act of recording, and secondly, for the act of selling property making a reference to an unrecorded map or plat. In Attorney General Opinion M-390 (1969), this office held that the second circumstance makes a misdemeanor offense of a conveyance by a subdivider where the property description depends for its location upon reference to a subdivision plat which has not been duly authorized as provided by law and/or has not been filed for record. Use of the subdivision description is not cured by additional metes and bounds descriptions, which in themselves must rely upon the unrecorded plat for location of the property on the ground. (Emphasis added). Now for the record, I sued Montgomery County, Texas in the United States District Court in Houston back in 1987 before US Senior Judge James DeAnda. I also sued the INFAMOUS American Title Insurance Company in Judge Hughes Federal Court. Montgomery County, Texas UNDER ORDERS from Judge DeAnda produced the Names of 635 Illegal "Red Flag" Subdivisions all around CONROE. In fact these land Speculation GAMES are INDETICAL in nature to the Land Dealings of Jim & Susan MacDougal, Guy Tucker, Webster Hubble and the Clintons over in ARKANSAS. You may remember a HUGE S&L and BANKING meltdown primarily in DALLAS and in Houston as well as TEXAS Generally, the Massive banking and S&L Debacle of the 1980s. I became involved as a result of being cheated in a Land Development created and perpetrated by ROBERT L. VICKERS, HACO Properties, ACORN Properties, Ikel Etheridge Inc. and lastly CLIC or Clesson land Investment Company, or Donald Clesson (the road builder) later installed as the Developer by former WESTERN BANK WESTHEIMER. Moving on, SEE Paper: HOUSTON CHRONICLE Date: FRI 12/29/1989 Section: A Page: 28 Edition: 2 STAR Funds at more banks frozen in fraud case By RAD SALLEE Staff . A federal judge here Thursday froze accounts in four more banks at the request of attorneys in a lawsuit alleging a $14 million mortgage fraud scheme by companies and at least two lawyers in Houston and Corpus Christi. U.S. District Judge Norman Black issued sealed orders to freeze defendants' accounts in Memorial Bank and Texas Guaranty National Bank in Houston, Mason Road Bank in Katy and First National Bank Gulfway in Corpus Christi. U.S. District Judge Kenneth Hoyt last Friday authorized freezing two accounts in the Bank of Robstown near Corpus Christi on request of the plaintiff, Pioneer Commercial Funding Corp., a New York "warehouse lender" that advances money to mortgage companies for home loans. The defendants allegedly prepared fraudulent loan application packages involving vacant lots in Houston's Runningbrook subdivision and elsewhere, claiming they had 20-year-old homes on them. Pioneer's attorney, Steve Zager, said Thursday's orders were sought from Black because Hoyt, whose court has the case, was out of town. The defendant companies allegedly obtained loans from Pioneer by submitting bogus documents, including credit applications, promissory notes, deeds of trust, property appraisals, title policy commitments and proof of insurance. At least three potential witnesses have said they falsified such documents for a small fee or at a boyfriend's request, Zager said. The list of 19 defendants is headed by William J. Cartwright Sr. of Corpus Christi, named in the lawsuit as president and majority owner of Mortgage CreditCorp and two other companies there, The Cartwright Group Inc. and First State Investors Inc. Other defendants from Corpus Christi are Cartwright's sons, William Jr. and Robert H. Cartwright, and Veronica J. Cartwright, who are officers and stockholders in the three companies; Rosmare Saldivar and Melvin Smoots, officers of Mortgage CreditCorp and The Cartwright Group Inc.; William H. Whittle, an attorney and stockholder in Mortgage CreditCorp; and James P. Page. The companies are also defendants. The Houston defendants are John S. Pipkin, an officer and majority stockholder in Beau-Bay Development Corp. here; his brother Roger W. Pipkin III and his son Roger W. Pipkin IV, both officers and stockholders in the company; and three persons employed by C&P Realty here, attorney Robert L. Vickers, real estate appraiser Steven F. Thomae and Kelly Alan Wohlers. The lawsuit accuses the defendants of racketeering, which allows the court to award triple damages if proven. Pioneer is seeking $14 million in actual damages and $42 million in punitive damages. Zager said federal marshals served Black's freeze orders Thursday after wire transfers were traced to the Houston area accounts from the Robstown accounts of Mortgage CreditCorp, which Hoyt had frozen. The latter turned out to contain about $300,000. Up to $14 million may be frozen if found. Zager said the Mason Road account here is in the name of Vickers, who denies any connection with it. Zager said another attorney here withdrew about $10,000 from the account on Wednesday, emptying it. Zager said Vickers, 58, was sentenced to five years in prison on Oct. 12, 1988, in Arizona for money laundering and conducting an illegal enterprise. Investigator Clyde Wilson said he reached Vickers by phone in a Yuma, Ariz., prison, and Vickers told him his name is being used by others, but he is not involved in the scheme. Zager said Vickers'signature, provided by his wife here, does not match those on the allegedly bogus documents. Zager said Robert Cartwright was sentenced in 1979 to 12 years in prison for misapplying funds, conspiracy and making false loan applications, but has been released. Zager said First State Investors has accounts at Gulfway and Mason Road banks; C&P Realty has accounts at Gulfway, Texas Guaranty and Memorial; and Wohlers' company, Inland Towing and Transportation, has accounts at Memorial. ALSO SEE TEXAS COLONIAS - Dallas Fed (PDF) lished the Colonias Strike Force to improve liv- ing conditions in the colonias through litiga ... division oversees the strike force, says. his team is ... www.dallasfed.org/ca/pubs/colonias.pdf - 1364k - View as html - More from this site UT DISCOVERY MAGAZINE Texas Colonias ... along the border at Texas colonias in a number of ... 1993 a Colonias Strike Force, established in the Texas Attorney General's office, ... www.utexas.edu/opa/pubs/discovery/disc1998v15n2/disc_colonias.html - 28k - Cached - More from this site Texas Colonias - Community Affairs - FRB Dallas Texas Colonias: A thumbnail sketch of the conditions, issues, challenges and ... the Texas attorney general established the Colonias Strike Force to improve ... www.dallasfed.org/ca/pubs/colonias.html - 107k - Cached - More from this site Colonias and Unrecorded red Flag Subdivisions ARE THE SAME THING Find Lucy Proctors Old Red Flag Subdivision Stories in the CONROE COURIER !!!! Paper: HOUSTON CHRONICLE Date: SAT 12/23/1989 Section: A Page: 17 Edition: 2 STAR $14 million frozen in lawsuit alleging mortgage fraud By RAD SALLEE Staff . A federal judge here Friday agreed to freeze up to $14 million in South Texas bank deposits after a New York lender alleged that officials of five companies in Corpus Christi and Houston, including two lawyers, engaged in mortgage fraud. A lawsuit by Pioneer Commercial Funding Corp. says the defendants created bogus documents to obtain funds from Pioneer, ostensibly to be reloaned to buyers of homes in Houston's Runningbrook subdivision and elsewhere. Instead, it says, the money was stolen. The lawsuit accuses the defendants of racketeering, which allows the court to award triple damages if proven. Pioneer is seeking $14 million in actual damages and $42 million in punitive damages. U.S. District Judge Kenneth Hoyt signed an order taking control of the deposits in two accounts held in the Bank of Robstown by Mortgage CreditCorp Inc. of Corpus Christi. Pioneer's attorney Steven Zager said he does not know how much money is in the accounts. He said Pioneer will go after any funds held by any of the defendants, but knows only of the two accounts in Robstown. The list of 19 defendants is headed by William J. Cartwright Sr. of Corpus Christi, named as president and majority owner of Mortgage CreditCorp and two other companies there, The Cartwright Group Inc. and First State Investors Inc. Other defendants in Corpus Christi are his sons, William Jr. and Robert H. Cartwright, and Veronica J. Cartwright, who are officers and stockholders in the three companies; Rosmare Saldivar and Melvin Smoots, officers of Mortgage CreditCorp and The Cartwright Group Inc.; William H. Whittle, an attorney and stockholder in Mortgage CreditCorp; and James P. Page. The companies are also defendants. The Houston defendants are John S. Pipkin, an officer and majority stockholder in Beau-Bay Development Corp. here; his brother Roger W. Pipkin III and his son Roger W. Pipkin IV, both officers and stockholders in the company; and three persons employed by C&P Realty here, attorney Robert L. Vickers, real estate appraiser Steven F. Thomae and Kelly Alan Wohlers. Pioneer, a "warehouse lender," advances funds to mortgage companies, which lend them in turn to home buyers. To obtain funds, a mortgage company sends Pioneer a package that includes the home buyer's credit application, promissory note, deed of trust, property appraisal, title policy commitment and proof of insurance. The lawsuit says Pioneer agreed to provide Mortgage CreditCorp up to $35 million for such loans, but sometime in 1989, the defendants began creating packages including "fictitious deeds of trust, counterfeit title commitments, fraudulent credit applications, phony appraisals and bogus insurance policies.' The lawsuit says William J. Cartwright Sr. and others conspired to buy more than 90 vacant lots, most of them in Runningbrook, at foreclosure sales at bargain prices, then transferred the titles to Beau-Bay and C&P Realty. Fraudulent packages for a number of fictitious buyers were prepared by other defendants, who presented them to Pioneer. "Neither the houses nor the underlying mortgage transactions actually existed," the lawsuit says. It says Pioneer lost at least $14 million as a result. Zager said that attorney Whittle's signature is on the deeds of trust and that attorney Vickers' is on the title policy commitments. The latter were on Stewart Title letterhead, but a Stewart official said the company did not provide them, Zager said. The title tracking numbers are assigned to Associated Title, but that company also disclaimed them, Zager said. An affidavit made Tuesday by Wohlers' fiancee, Leslie Ann Lehman, says she signed false loan documents for four homes at his request after he told her "it was all right.' "I have never seen the property, did not purchase the property and these documents are false," her affidavit says. Page said he worked for Mortgage Credit for about six months and "warehoused mortgage loans with Pioneer," but knows nothing about the alleged scheme. John S. Pipkin declined to comment until he sees the lawsuit, as did former U.S. Attorney Tony Canales of Corpus Christi, who represents The Cartwright Group. The other defendants could not be reached for comment. and well see Robert L. Vickers Pinewood Village Development EAST of Conroe !!!! Look into the other 635 "Red Flag" and the TAX Exemptions, County Officials and all the Cronies, Contributors and Family DIRECTLY involved as well. Oh by the way, the FBI LIAR who accused me FORMER FBI AGENT John Connolly, he's IN PRISON and oh yeah LOOKY who was the Title Companies Lawyer CNN's Nelda Luce Radabaugh Blair. Marcus Winberry from the Montgomery County Attorney's Office, he LIED LIED LIED Note : Oh yeah and then the MASSIVE Texas Based Bank and S&L Debacle broke loose in early 1986, funny thing Whitewater and Castle Grande well you'd think Robert Vickers and Clesson were involved ???????????? The Title Work now that's an ENTIRE CHAPTER !!!! Oh yeah the US Secret Service and the US Postal Inspection Service and the DOJ and FBI well it seems Funny Real Estate lending was behind it all SO MUCH FOR WITHAM BEING A NUT ! POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Investors mired in muddy mess of sub... CATHY GORDON : Staff A lot of sloppy things went on in that subdivision," said Clesson, its current developer. Clesson said he paved the roads after the lawsuit, but they were never accepted by the county. 06/22/1987 Resident's crusading `fans fire'/Subdivision's critic outlines difficulties CATHY GORDON : Staff He keeps it going day and night," said the subdivision's developer Donald Clesson. 06/22/1987 Man charged in threat against Bush CATHY GORDON : Staff The subdivision, nine miles east of Conroe, was the subject of an attorney general's civil lawsuit in 1981 that sought to stop developer Donald O. Clesson from misrepresenting the property. 11/21/1985 Conroe man charged with threatening assistant county attorney's life CATHY GORDON : Staff The subdivision, developed by Donald O. Clesson, is not maintained by the county because it failed to meet county specifications and was never approved, or recorded. 11/20/1985 Former assistant attorney general Edward Wesley said his office filed a lawsuit against Clesson in 1981 after receiving numerous complaints from Witham that the developer had misrepresented the subdivision. As a result, Clesson was enjoined from misrepresenting the property and was required to abide by a negotiated settlement to blacktop roads and improve drainage, Wesley said. Yeah Witham's a REAL NUT The subdivision, developed by Donald O. Clesson, is not maintained by the county because it failed to meet county specifications and was never approved, or recorded. Witham feels the developer led him to believe the county would maintain the roads and that the subdivision was recorded, Montgomery County District Attorney Peter Speers said. Witham, who was brought before Justice of the Peace James Dinkins on Tuesday, told Dinkins that, "My family has been involved with trying to expose organized real estate crime in this county. I haven't done anything to anybody." 635 Illegal Subdivisions and Tens Of Thousands of BOGUS Financial Transactions JUST IN MONTGOMERY COUNTY is that ORGANIZED CRIME or WHAT, oh How many Texas S&Ls and BANKS collapsed as a result !!!!!!! Witham knows LOTS MORE TO - See What RV King's Lawyers alleged in Beumont 9th Court of Appeals and OH YEAH, Donald Clesson explained the MASSIVE "RED FLAG CONS" to Texas AG Mark White and YUP the Montgomery County Attorney Jimmie Dozier, NELDA LUCE RADABAUGH BLAIR and MARCUS WINBERRY all had to admit it to US District Judge James DeAnda - Yeah Witham's CRAZY Paper: HOUSTON CHRONICLE Date: MON 06/22/1987 Section: 1 Page: 1 Edition: 2 STAR POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Investors mired in muddy mess of subdivision By CATHY GORDON Staff With hindsight, Donald Clesson recognizes he was the perfect stool pigeon to take over development of the pothole-riddled Pinewood Village subdivision. "I'm an honest guy. I was just dumb enough to get into the game," he said of his bailing out former developers of the crumbling project in east Montgomery County. ( Note : Western Bank and ROBERT L. VICKERS, AMERICAN TITLE INSURANCE ) CNN's NELDA LUCE RADABAUGH BLAIR and JUDGE MAYES Law Clients at HOPE & MAYES One of those former developers, Tom Eikel, (Vickers Partner) can sympathize. "I feel like it was shoved onto me. I couldn't get paid for the engineering work I did out there. So, the fellow who owned it said, `You've got to take over the subdivision to get your money."'Eikel did. Soon after, he went bankrupt when, he said, a silent business partner mismanaged construction loan money. VICKERS VICKERS VICKERS "I lost my shirt." So goes the twisted saga of Pinewood Village, one of 600 problem subdivisions that dot Montgomery County's dense pine woods, a legacy from the economic boom of the 1970s and early 1980s. The subdivision off FM 1314 has the dubious honor of being one of the worst in the county, say county officials. Its history is one of lawsuits, finger-pointing among developers, potholes the size of a small cars and extremely disgruntled residents. "It's a very good example of a really bad subdivision," said Montgomery County Engineer Don Blanton. Residents began buying lots sometime in 1977, although county and court records fail to establish the original developer. (This is a LIE ) Swarms of mosquitoes now inhabit the subdivision's stagnant ditches after rainstorms. A four-wheel-drive vehicle is not a luxury. Axles are broken on its roadways. For lack of better material, residents keep crushed stone on reserve to fill the deep holes. The stone is not easy on tires, but it saves vehicles. "That subdivision has holes big enough to suck in a truck," said Commissioner A.V. "Bull" Sallas, in whose precinct it lies. Some Pinewood Village residents have trouble getting clear title to their properties because of conflicting plat descriptions on the land - the subject of a lawsuit against the title company. A plat was recorded with the county, but it is not the plat from which land was sold. Property owners say they are denied permanent long-term financing because of the subdivision's deplorable condition - the basis for at least one homeowner's lawsuit. The subdivision's population has dwindled from 80 families to about 25. A sign once tacked to its entrance and defaced by red paint beckoned residents to come, if they dare, to "Hazard County, U.S.A." Some who had a hand in the project over the years do not necessarily disagree with that description. "It's a mess, a keg of worms. A lot of sloppy things went on in that subdivision," said Clesson, its current developer. Clesson said officials at Western Bank-Westheimer in Houston, who financed the project, urged him to take it over in 1978 after Eikel went into default on a loan. "I don't know why I didn't just walk away from it then," said Clesson, who has joined in a lawsuit against the bank with three Pinewood Village residents. The lawsuit says the bank did not properly supervise expenditures in giving advance loans for construction and reneged on a promise to Clesson to continue financing. Clesson said it was on the bank's promise of future funds that he ensured purchasers the subdivision would comply with appropriate road requirements. Bank officials say the claim has no merit. Principals in the subdivision tell of construction advances given to one developer, R.D. "Bob" Robertson, to build fishing piers, a lake and a sales office. They never materialized. WG Horne III, Robert L. Vickers and a WHOLE GANG of LAND FLIPPERS tied to the BANK President were involved along with THE AMERICAN TITLE INSURANCE COMPANY - Nelda Luce Radabaugh Blair's CLIENTS - when she was simutaneously PROSECUTING for Jimmie "Boxer Shorts" Dozier and Marcus Winberry !! "It's just a barrel of snakes, and they keep poking their heads out as things develop," Clesson said. "This whole thing has wound up breaking me. Add the bad economy to it, and I'm overdone and shot. I think a lot of sins were committed during that time. It was a big boom. The attitude was `Don't worry. It's all for prosperity's sake, and all will come out in the end.' Banks lent money. People flocked in. It was a crazy time." Eikel, now a Houston civil engineer, said he was encouraged to buy into the subdivision by developer Gil Horne, who could not come up with his fee for work done at Pinewood Village. He said he was forced to file bankruptcy after a business relationship with Robertson, a silent partner and "high-roller." "A bell should have clicked when Robertson said it would be best if only my name was on all the papers," Eikel said. Eikel also ventured into the house-building business with Robertson. Robertson was overseer on both projects, and it wasn't long before both the subdivision and housing projects were in trouble, Eikel said. "Dumb me, whatever he (Robertson) said to do out there was all right with me. Instead, I should have been watching him like a hawk. I was in a swim ming pool with a bunch of sharks." In court depositions, Eikel and Clesson refer to Robertson as the one who took construction advances from the bank. "I got a letter from the bank saying they had hired an independent engineer to go out there and see what was going on," Eikel said. "They said, `These draws don't seem to match the amount of work that's been done.' Then, I started finding where all these construction draws (advance loans) had been done by Robertson on these houses we had built together, and that work hadn't been done, either. I went broke because of Pinewood Village, the houses, everything at the same time." According to 1979 published reports, Robertson, who once owned a log cabin building company, was accused of taking consumers' down payments and not completing the homes. The Texas Securities Board subpoenaed Robertson after allegations surfaced that he mismanaged investors' money in yet another business venture. Eikel said he went to the Harris County district attorney's office about his dealings with Robertson but was told it was not worth the prosecutors' time because "Robertson had covered his tracks so well. So, nothing ever came of that, and I filed bankruptcy." Conroe attorney W.B. Etheridge, who guaranteed a bank loan on the subdivision as a financial partner with Eikel, said he met with bank officials to discuss whether they should file charges against Robertson. "They were discussing what to do about Robertson, whether or not to file charges. They chose not to. I suggested they do it. They said they would take me under advisement," said Etheridge, who has since purchased the subdivision notes from the bank. Robertson could not be reached for comment. While developers point fingers and haggle over who is to blame for Pinewood Village's poor drainage and roads, residents await a remedy. The Texas attorney general sued Clesson in 1981 for not having the subdivision's roads up to county specifications and for misleading consumers. Clesson said he paved the roads after the lawsuit, but they were never accepted by the county. They have since crumbled. Pinewood Village resident Shelly Dayton said she lives for the day when she can travel Pinewood Village roads without battling potholes. "We bought the land for $12,900 and were told within a year we'd have paved roads," she said. "What do we have? We have potholes big enough to park in." Resident Donna Meeks said she, too, is tired of the potholes. "School buses won't even come down these roads. That's how bad they are," Meeks said. Clesson said he is embarrassed by the subdivision's roads and would like to be able to fix them. "If I had the money, any means possible, I would fix it," he said. "I just can't right now. They could take a gun to my head, and I couldn't do anything about it. Face it, I inherited a nightmare." The FACT of the matter is THERE ARE TENS OF THOUSANDS OF THESE THINGS ALL OVER TEXAS Red Flags are COLONIAS and Colonias are RED FLAGS FACT Senator Kay Hutchinson, Congressman Kevin Brady and Former Texas Governor Ann Richards and 43 "Dubbya" Bush ALL KNOW that more than 1.5 MILLION FAMILIES were SUCKERED in these ILLEGAL LAND SPECULATION CONS Alberto Gonzales from HUMBLE, Former Assistant US Attorney Henry Onken and Dan Morales, Jim Mattox, John Cornyn, Gregg Abbott THEY ALL KNOW THE RACKETEERING, MAIL AND WIRE FRAUD, BANK and S&L Looting all tied DIRECTLY to all of this. These Matters are the VERY ROOT of the Texas Banking and S&L Debacle CNN's Nelda Luce Radabaugh Blair, the Title Insurance Company From Hells Lawyer AMERICAN TITLE INSURANCE The US DOJ and Postal Inspection and FBI and DOJ and FBI and FDIC and FSLIC and RTC they ALL KNOW For Christ's Sake What is it about "ANY CONTRACT" or "ALL Contracts" is it that you do NOT understand ?????????? Suffice it to say - The Whitewater - The Castle Grande Yup that's Right "Red Flag - Colonias Type Con Jobs" Road woes continue/Neighborhood battles county over upkeep PAUL McKAY : Staff The problem goes a lot further than just this single subdivision." Pioneer Trails is probably one of the worst examples of an unrecorded subdivision," Winberry says. 09/24/1989 POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Developers facing county crackdown CATHY GORDON : Staff Montgomery County, in its crackdown on developers of unrecorded subdivisions, wants the mess cleaned up. In other words, I `poor-boyed' this subdivision. 06/23/1987 Advice for potential property buyers: Ask questions CATHY GORDON : Staff If the subdivision next door is having a problem, that's a good indication your subdivision will too. This sometimes is a signal the subdivision is unrecorded and not up to county standards. 06/23/1987 Resident's crusading `fans fire'/Subdivision's critic outlines difficulties CATHY GORDON : Staff It started six years ago with his myriad of complaints to developers and county officials about the unrecorded east county subdivision's drainage and roads. 06/22/1987 POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Homeowners handle property woes CATHY GORDON : Staff It has to be on which subdivisions are the worst. His property in the unrecorded Shepard's Landing subdivision off FM 2854 is not only in the flood plain, it's in the river bed. 06/21/1987 Paper: HOUSTON CHRONICLE Date: TUE 06/23/1987 Section: 1 Page: 11 Edition: 2 STAR POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Developers facing county crackdown JUDSON WITHAM'S CRACK DOWN ACTUALLY By CATHY GORDON Staff Had developer Albert Morello known Montgomery County's land development rules and regulations 10 years ago, his development would not be among the hundreds in the county now considered slums, he says. "The county should have told us 20 years ago to do these subdivisions a certain way. I could have done it, then sold the lots with restrictions at a higher price and gotten a better class of people in there," said Morello, a feisty man of 71 with an undeniably New York accent. "As it is now, people slapped a few dollars down for just what they were getting and slopped up the whole place. It's a slum. The county asking me to put in a new road there now is like putting on a $200 pair of shoes with a $25 suit. Forget it." Morello is co-developer of Midline Estates, one of 600 unrecorded subdivisions that do not meet Montgomery County's specifications for roads and drainage. The land is swampy. Homes resembling shacks border its pothole-riddled dirt roads. Automobile parts and metal scraps litter the yards. Montgomery County, in its crackdown on developers of unrecorded subdivisions, wants the mess cleaned up. Morello is one of hundreds of developers receiving letters or telephone calls from the county asking that they upgrade roads and drainage. It irks him, he says, because he wasn't informed of the county's subdivision rules and regulations sooner. Had he known, he would have complied, he said. "Forty years ago, when I first came to Houston, I saw developments in Harris County where developers subdivided property, stuck in a dirt road and sold to just anyone. I said to myself: `This is a terrible thing. There should be some restrictions,"' said Morello, who has stopped selling property in Midline Estates. "Well, here we are. The same thing happened in Montgomery County, and it's the county's fault. In other words, I `poor-boyed' this subdivision. I didn't have any money to do it any other way. But no one was defrauded. I didn't misrepresent anything. What you see is what you get. It's unfair for the county to come back now and say we want you to do it another way, when they didn't give a hoot back then." The county has had other complaints from those who say it failed to enforce its own rules. "I feel like it's unfair," said S.E. Rutledge, who has been sued by the county because of substandard roads and drainage in the east county Southern Pines subdivision. "We never intended to make those roads in there county specified roads," Rutledge said, "and we never told anybody we would. I think it's a bunch of crock if anybody is saying that we did." Though Rutledge is working on a plan to upgrade the subdivision, he said he feels he's taking a bum rap. "If they had rules, they should have enforced them," he said. Indeed, there were rules, say county officials who aren't buying developers' complaints as valid excuses not to upgrade. "There were rules dating back to 1967," said County Engineer Don Blanton, who has inspected more substandard roads than he cares to count. "There's no skirting around it. Developers had the option of recording, platting and fixing their subdivisions according to less stringent rules we had in the 1960s. If they had done it, they wouldn't be facing this problem now," Blanton said. While the county did not condone unrecorded subdivisions, he said, there was a time it didn't do enough to prevent them either. Note - The Political Elite in Conroe was doing it over and over and over, BLANTON is a LIAR - JW During the real estate boom of the 1970s, the county's population more than doubled from 49,479 in 1970 to 128,487 in 1980. But county manpower was another matter. "At the time of the boom in the '70s, the county had a one-man engineering department, as I understand it," said Blanton, who did not start working for the county until 1979. "There was no way he could keep up with all these developments going in. And Commissioners Court, at that time, had not made the commitment to control the unrecorded subdivisions. We have now." The mood of the day also saw commissioners bowing to constituents by accepting their substandard roads. "When you had enough people living in an area with substandard roads making demands of their commissioner, those commissioners traditionally responded by going in there and bailing out the citizens, trying to bail out the school district because they couldn't get buses down those roads," Blanton said. "The county can't afford to do it anymore." While the county touts renewed vigor in enforcing subdivision rules and regulations, it's not exactly a stranger to meeting developers in court. In September 1983, the county sued developer R.V. King and his corporation, La Cour Du Roi Inc. claiming King had violated the county's regulations in his Wilderness subdivision off FM 1488 near Magnolia. The development has no plat or plan recorded with the county. Its roads are made of dirt. In one area, a gas pipeline easement serves as the only access to residents' trailers. "It's just a bunch of rural land. It looks like somebody's farm or something," said former Assistant Montgomery County Attorney Randy Morse, who prosecuted the case. King maintained the subdivision's roads were private, the lots were legally sold by metes and bounds and that the county had no authority to regulate its development. He claimed the county's subdivision rules were not legally adopted and, therefore, not applicable. A state district court ruled the Wilderness subdivision was within the city of Conroe's extraterritorial jurisdiction and not subject to county regulations. The appeals court, however, overturned the ruling in favor of the county, establishing that it had jurisdiction in ETJs to regulate subdivision development. The case since has been remanded to state district court to determine, among other things, if King was the object of selective enforcement. "At the time of the Wilderness case, the county went after some developers to test the regulations and attempt to gain more voluntary compliance," assistant Montgomery County Attorney Marc Winberry said. "Now, the county is adopting a more active program of litigation to garner compliance." Another case that pitted the county against a developer involved the unrecorded Glenmost Estates subdivision near Magnolia. The developers, Michael Fitzmaurice and Lawrence Lind, claimed they were being unfairly blacklisted by the county - that the county was trying to coerce them into upgrading certain things at the subdivisions by denying building permits to property owners. The county contended Lind and Fitzmaurice violated subdivision rules and regulations. A settlement was reached with the developers agreeing to upgrade certain aspects of Glenmost Estates. But before it got that far, the two men declared bankruptcy. Another company, Stewart and Hill with developer Beau King, has since taken over the property and has been ordered by the bankruptcy court to upgrade the subdivision to county standards by August 1990. "We're trying to live with the plan of reorganization and get the roads up to standard," said Mike Schneider, who oversees road construction for Stewart and Hill. Attorney Nelda Radabaugh, hired by Montgomery County to tackle the problem of unrecorded subdivisions, said she is surprised at the number of developers who have cooperated since being sent warning letters by the county. WHAT A JOKE - Nelda was the Title Company's Lawyer "It's very difficult for some developers who did it one way five or 10 years ago to switch over and do it a different way now," she said. The rules have become more stringent. For example, the county now requires developers to use 6 inches of road base and 2 inches of surface mix on the roads. Before 1980, it required only 4 inches of road base and 2 1/2 inches of surface. County officials advise would-be developers in the county to obtain a copy of its regulations before designing a subdivision layout. That plan then should be presented to the county, and the health department should be contacted concerning plans for water wells and septic systems. Developers must put up a bond so the county can secure construction performance. Once the plat is approved by Commissioners Court, it can be filed in the county clerk's office. Only then can developers start selling lots in the subdivision. Once the plat is approved and recorded, the developer has 18 months to build the roads. "A reliable developer should have sufficient reserves to get the roads built without relying on money from sales in the subdivision," said Winberry. Conroe developer Austin B. McComb said subdivision regulations are fine and good, but he prefers that his subdivision remain unrecorded so he can keep his speed bumps. "In my subdivision, all the roads are paved, a water system is in. The reason I don't want the county to take it over is the county doesn't allow speed bumps, and I'd have to take them out. My residents like them," said McComb, developer of the Lake Creek Falls subdivision off FM 1488. McComb said he has received no complaints from the 20 families who live there. He said his contracts to lot owners specify that the subdivision is unrecorded and that he will maintain the roads until such time the county takes them over or they are given to the residents' lot owners association. McComb said the county is painting developers with too wide a brush. "Not every developer is out to defraud the public," he said. "I've lived here all my life and love it here a nd have no reason to start being unfair with Developer Violations Force Families From Homes November 21, 2006 HOUSTON -- Note: The following story is a verbatim transcript of an Investigators story that aired on Monday, Nov. 20, 2006, on KPRC Local 2 at 10 p.m. Owning your own home -- it's what millions of u s work for. But the American dream is turning into more of a nightmare for dozens of Texans. KPRC Local 2 investigates a developer who's avoided state laws and evaded regulators for years. See Report: Amy Davis Reports Investigative reporter Amy Davis uncovers the violations that have forced families from their homes. No one believed chunks of dirt and grease were coming out of Pamela Hobbs' pipes until she caught it on camera. "We quit drinking it over a year ago," she said. Hobbs complained to the state but is convinced she knows the source of the contamination. "The local garbage man will pick up the garbage around here. Instead of taking it to the dump, he'll dump it in these holes," she said. Holes like this one or this one. We found them all over her San Jacinto County subdivision -- construction debris peeking out of the makeshift landfills. Check out this dumping ground -- old tires, wood and scrap metal left here by workers building homes for developer Darrell Hall. "But this mess is not news to state inspectors. They've seen this trash, fined developer Darrell Hall and ordered him to clean it up. But that was four years ago," KPRC Local 2 investigative reporter Amy Davis said. "They get a judgment against him and they just continue letting him operate as normal. So, what was the point?" homeowner John Doty said. We found Hall operating all over Texas, building homes and violating the state's health and safety code -- in Grimes, Leon, Madison, Liberty and San Jacinto counties. "Those have litt le or no oversight," San Jacinto District Attorney Mark Price said. San Jacinto District Attorney Mark Price says resources for investigating complaints in rural counties like his are nearly non-existent. "The counties just can't afford full-time engineers, full-time inspectors," he said. Which takes us back to the state and this lawsuit in 2002. The attorney general's office and the Texas Commission on Environmental Quality sued Hall for digging "illegal, unpermitted landfills" where crews buried or burned piles of garbage, old tires, paint and other hazardous waste. Investigators say crews t hen covered up the holes, even built homes on top of the makeshift landfills. In 2002, Hall agreed to pay a $325,000 and clean up his neighborhoods. Anita Allooh, who lived in one of those neighborhoods, waited and waited. Then, she finally just moved. "Nobody did anything. The state took it over. They put a judgment against Darrell Hall, but they left it in his hands to take care of it, which he never did," Allooh said. Fast forward four years to find Hall's employees still building, still dumping waste, still selling homes. "They're coming in just like I did. Nobody's told them," said Regina Doty, who mov ed from a home purchased from Hall. Nobody's told new buyers what they're buying into. But four weeks after we contacted the state to ask about the ongoing violations, the attorney general filed this motion for contempt, again ordering Hall to clean up the land. When we asked the A.G. for an interview, they told us since the case is still in litigation, they can't discuss it. And no one will talk to homeowners like Hobbs either. "I've been over a year trying to get a hold of Darrell Hall," Hobbs said. When Darrell Hall didn't return our phone calls, we dropped by his home, the n drove to his home office in Madisonville, two hours north of Houston. "Can you tell us where to find him? We drove a long way to talk to him," Davis said. "I don't know where he's at. I haven't seen him today," a Hall employee said. An attorney for Darrell Hall sent us a one-sentence statement that reads, "Mr. Hall makes it possible for people to own homes that wouldn't otherwise have that opportunity." But families forced from their houses told us the opportunity was more like a sentence. "Why doesn't he live in these homes for over a year and see how he likes it there? Drink that water. Wash your babies in that water," Allooh said. If you have a news tip or question for KPRC Local 2 Investigates, drop them an e-mail or call their tipline at (713) 223-TIPS (8477). http://www.click2houston.com/investigates/10365235/detail.html http://www.click2houston.com/video/10369532/index.html?taf=hou Web Widens on Infamous Florida Land Swindle | LoanSafe
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Paper: HOUSTON CHRONICLE Date: FRI 12/08/1989 Section: Business Page: 1 Edition: 2 STAR Government plans to double forces fighting thrift fraud Don't Forget The BANKSTERS Boys - JW "Oh" and the Title Companies and the REAL ESTATE BUMS RIGHT NELDA BLAIR !!!! By BILL MINTZ, Houston Chronicle Washington Bureau Staff WASHINGTON - Federal officials announced plans Thursday to double the number of FBI agents and prosecutors assigned to thrift fraud. ( What No Banks Involved ) Attorney General Dick Thornburgh said the government will hire 350 new investigators, accountants and prosecutors - including 56 in Houston - to crack down on people who drove savings and loan institutions out of business through fraud and illegal insider loans. What No Banks Involved The new $50 million effort was authorized in the thrift bailout legislation approved last summer. Thornburgh acknowledged that many thrift fraud cases have languished in FBI and U.S. attorneys offices because there were not enough agents or prosecutors to pursue the cases. FBI Director William Sessions said some FBI offices "literally have been overwhelmed" by fraud cases stemming from the collapse of the thrift industry in Texas and several other states. What No Banks Involved "Wrongdoing in the savings and loan industry may turn out to be the biggest white-collar swindle in the history of our nation," Thornburgh said in a prepared statement. Deregulation at the state and federal levels in the early 1980s opened the door for thrift owners to move from traditional, low-risk home mortgages into more risky ventures, such as real estate development, commercial lending and high-yield junk bonds. But state and federal regulators lacked the resources to increase their scrutiny of the new transactions - even though the thrift owners were investing federally insured deposits. About 500 thrifts have failed in the last two years, crushed under the weight of risky transactions that collapsed when the real estate market weakened in Texas and other energy-produc ing states. YEAH BUT WHAT ABOUT THE BANKS DICK ?? Thornburgh said 27 cities will receive new resources under the program, with substantial resources directed to Dallas, Houston, Kansas City, Los Angeles, New Orleans, New York and San Antonio. The FBI's Houston field office will add 27 agents and 14 accounting technicians, Thornburgh said. The Houston office currently has about 20 agents assigned to bank and thrift cases, a spokesman said. The Justice Department also will add 15 prosecutors in Houston. U.S. Attorney Henry Oncken said he now has nine prosecutors in the fraud unit. "Bank and savings and loan fraud cases are extremely labor intensive," Oncken said in a telephone interview. "They take a lot of time to unravel." He said FBI officials in Houston recently told him they had a backlog of 200 cases they couldn't investigate because they didn't have enough agents. In Dallas, where a highly publicized bank fraud task force has obtained 57 indictments and 46 convictions, the Justice Department will add 37 agents, 17 accountants and 15 prosecutors. Thornburgh said it was not his job to determine if the widespread fraud was caused, in part, by lax regulation. Oh and the 600 Illegal Subdivisions in CONROE had nothing to do with it ?? SURE DICK !!!! Marvin Collins, the U.S. attorney in Dallas, said regulators probably couldn't have stopped the "cowboys" who looted the thrifts in his area. WOW but look who said it FIRST "Montgomery County has had years to enforce those regulations, but the good old boys sat back in their boots and straw hats and said `OK, let's be easy on this one. He's a good old boy like the rest of us,"' Witham claimed. "I've done what I've had to to get my point across." ........... 1987 Judson Witham - Whistleblower Community Activist Paper: HOUSTON CHRONICLE Date: MON 06/22/1987 Section: 1 Page: 10 Edition: 2 STAR Resident's crusading `fans fire'/Subdivision's critic outlines difficulties By CATHY GORDON Staff Thornburgh and Collins both acknowledged that the billions of dollars lost through thrift fraud cannot be recovered through criminal prosecutions. Thornburgh said "many of these assets have been dissipated, spirited away." He also said it would be "misleading" to claim that a lot of the money would be returned. "The problem is that a lot of the assets are in worthless real estate," salable for only a fraction of the money loaned against the properties, Collins said. GEESH YOU THINK But the attorney general said the prosecutions still are important. "If laws are firmly enforced, they will provide a deterrent to future criminal activity." judson witham <jurisnot@...> wrote: Another problem was that the thrift was in violation of the Interstate Land Sales Act, which required that the development be registered before any sales occurred. Jim Clarke NATIONAL BANK EXAMINER judson witham <jurisnot@...> wrote: How do you Rob 550 Billion Dollars ? First Lots Of Folks Have To Look The Other Way In the interview memo below done by a congressional committee, Clark listed a variety of illegalities and severe mismanagement at Madison. frontline: once upon a time in arkansas: Jim Clark's Testimony ... connected, that he knew Governor Clinton, and that the Governor's wife and ... such as Madison's affiliated title company, Quapaw Title, to trace loan proceeds. ... pbs.org/wgbh/pages/frontline/shows/arkansas/castle/clarktestimony.html - 39k - Cached - More from this site The Whitewater / Castle Grande Connections The principal problem with the development was that it lacked a central sewage system, which would have been very costly to install. To avoid the expense, McDougal decided to just put in a well and septic tank. Another problem was that the thrift was in violation of the Interstate Land Sales Act, which required that the development be registered before any sales occurred. In the examination team's review of Campobello Island, a memorandum authored by Beverly Bassett Schaffer before her appointment as S&L commissioner was discovered. The memorandum pointed out that the thrift was in violation of the Act. Jim Clark's Testimony NATIONAL BANK EXAMINER http://www.pbs.org/wgbh/pages/frontline/shows/arkansas/castle/clarktestimony.html http://www.blairhouse.org/ ooops http://www.theblairhouse.net/gallery.cfm The You Need Some Folks At Title Insurance Companies WOW all those TAX RECORDS and 600 Illegal Subdivisions and Representing AMERICAN TITLE looks like American Title's NELDA GOT RICH huh !!!! SEE www.publicans.com for Title Abstract and TAX RECORDS Maybe Just Maybe The Griffin Title & Abstract Fire was SET ??? JUDSON WITHAM'S CRACK DOWN The Story of "MUD & MONEY" Texas StyleRemember That Little Bank and S&L Debacle Shafting Consumers Robbing Banks and getting TAX EXEMPTIONS AND Government Funding Too !!! Witham's Challenge: Montgomery County DA Mike MacDougal ought to have a few Polygraph Sessions and get to the bottom off Clesson's and RV Kings Claims !!! Start with Nelda Blair & Marcus Winberry and ALL Montgomery County Commissioners and oh yeah JUDGE MAYES and County Judge Sadler. Lets see HOW MANY Conroe High Society and Political Types and their FINANCIAL CONTRIBUTORS are involved in this little COVER UP !! Hello Texas AG Abbott Red Flags are COLONIAS and Colonias are RED FLAGS That's Right Huh Gregg Abbott !!!! Note: Find Lucy Proctors Old Red Flag Subdivision Stories in the CONROE COURIER !!!! Paper: HOUSTON CHRONICLE Date: MON 06/22/1987 Section: 1 Page: 10 Edition: 2 STAR Resident's crusading `fans fire'/Subdivision's critic outlines difficulties By CATHY GORDON Staff Kneeling beside a large pothole, Pinewood Village resident Judson Witham recites statutes from the state property code as if they were treasured passages from a favorite poem. "I about know them by heart," Witham proclaims, measuring the pothole's depth with a fallen twig. "I've made it my duty. I want to warn people about the Pinewood Villages of the world." Around the Montgomery County courthouse, Witham's name is synonymous with the problem-plagued subdivision he lives in. Dear Channel 26 Et Al , Ms. Davis & Pam : The Hall Saga what a BAD and Sick Joke Sorry for all the reference materials. Note : Remember Robert L. Vickers and his being a PRINCIPLE in the Pinewood Village CON up in the 4th Pct. of Montgomery County EAST of Conroe. I have been researching these matters for more than 25 years. First to understand the issues involved one must look at the practice of Land Speculation and Land Subdivision as these practices are involved with Banking and Consumer Finance. The use of the US Postal service to collect payments and the Various Forms or Types of CONTRACTS involved in perpetuating the business of LAND SALES and MARKETTING. First take a look at the Legislative TIMING and Purpose of Former Texas Penal Code 1137h. Passed by the Texas Legislature in the very brunt of the National Banking Failures of the 1930s. The RAMPANT and many times NON EXISTANT Subdivisions and NON Existant Lots were largely connected to Vast Numbers of BOGUS Loans and Failled Land Speculations of the 1920s and Early 1930s. The Legislative Record of 1137h reveals the ACCURACY of the above claims. http://www.oag.state.tx.us/opinions/op47mattox/jm-0508.htm except from the above link TX AG opinion transferred from article 1137h of Vernon's Penal Code by authority of section 5 of Acts 1973, 63rd Leg., ch. 399, at 995, enacting the new Penal Code. A person may be prosecuted under article 6626c, V.T.C.S., in two separate circumstances. First, for the act of recording, and secondly, for the act of selling property making a reference to an unrecorded map or plat. In Attorney General Opinion M-390 (1969), this office held that the second circumstance makes a misdemeanor offense of a conveyance by a subdivider where the property description depends for its location upon reference to a subdivision plat which has not been duly authorized as provided by law and/or has not been filed for record. Use of the subdivision description is not cured by additional metes and bounds descriptions, which in themselves must rely upon the unrecorded plat for location of the property on the ground. (Emphasis added). Now for the record, I sued Montgomery County, Texas in the United States District Court in Houston back in 1987 before US Senior Judge James DeAnda. I also sued the INFAMOUS American Title Insurance Company in Judge Hughes Federal Court. Montgomery County, Texas UNDER ORDERS from Judge DeAnda produced the Names of 635 Illegal "Red Flag" Subdivisions all around CONROE. In fact these land Speculation GAMES are INDETICAL in nature to the Land Dealings of Jim & Susan MacDougal, Guy Tucker, Webster Hubble and the Clintons over in ARKANSAS. You may remember a HUGE S&L and BANKING meltdown primarily in DALLAS and in Houston as well as TEXAS Generally, the Massive banking and S&L Debacle of the 1980s. I became involved as a result of being cheated in a Land Development created and perpetrated by ROBERT L. VICKERS, HACO Properties, ACORN Properties, Ikel Etheridge Inc. and lastly CLIC or Clesson land Investment Company, or Donald Clesson (the road builder) later installed as the Developer by former WESTERN BANK WESTHEIMER. Moving on, SEE Paper: HOUSTON CHRONICLE Date: FRI 12/29/1989 Section: A Page: 28 Edition: 2 STAR Funds at more banks frozen in fraud case By RAD SALLEE Staff . A federal judge here Thursday froze accounts in four more banks at the request of attorneys in a lawsuit alleging a $14 million mortgage fraud scheme by companies and at least two lawyers in Houston and Corpus Christi. U.S. District Judge Norman Black issued sealed orders to freeze defendants' accounts in Memorial Bank and Texas Guaranty National Bank in Houston, Mason Road Bank in Katy and First National Bank Gulfway in Corpus Christi. U.S. District Judge Kenneth Hoyt last Friday authorized freezing two accounts in the Bank of Robstown near Corpus Christi on request of the plaintiff, Pioneer Commercial Funding Corp., a New York "warehouse lender" that advances money to mortgage companies for home loans. The defendants allegedly prepared fraudulent loan application packages involving vacant lots in Houston's Runningbrook subdivision and elsewhere, claiming they had 20-year-old homes on them. Pioneer's attorney, Steve Zager, said Thursday's orders were sought from Black because Hoyt, whose court has the case, was out of town. The defendant companies allegedly obtained loans from Pioneer by submitting bogus documents, including credit applications, promissory notes, deeds of trust, property appraisals, title policy commitments and proof of insurance. At least three potential witnesses have said they falsified such documents for a small fee or at a boyfriend's request, Zager said. The list of 19 defendants is headed by William J. Cartwright Sr. of Corpus Christi, named in the lawsuit as president and majority owner of Mortgage CreditCorp and two other companies there, The Cartwright Group Inc. and First State Investors Inc. Other defendants from Corpus Christi are Cartwright's sons, William Jr. and Robert H. Cartwright, and Veronica J. Cartwright, who are officers and stockholders in the three companies; Rosmare Saldivar and Melvin Smoots, officers of Mortgage CreditCorp and The Cartwright Group Inc.; William H. Whittle, an attorney and stockholder in Mortgage CreditCorp; and James P. Page. The companies are also defendants. The Houston defendants are John S. Pipkin, an officer and majority stockholder in Beau-Bay Development Corp. here; his brother Roger W. Pipkin III and his son Roger W. Pipkin IV, both officers and stockholders in the company; and three persons employed by C&P Realty here, attorney Robert L. Vickers, real estate appraiser Steven F. Thomae and Kelly Alan Wohlers. The lawsuit accuses the defendants of racketeering, which allows the court to award triple damages if proven. Pioneer is seeking $14 million in actual damages and $42 million in punitive damages. Zager said federal marshals served Black's freeze orders Thursday after wire transfers were traced to the Houston area accounts from the Robstown accounts of Mortgage CreditCorp, which Hoyt had frozen. The latter turned out to contain about $300,000. Up to $14 million may be frozen if found. Zager said the Mason Road account here is in the name of Vickers, who denies any connection with it. Zager said another attorney here withdrew about $10,000 from the account on Wednesday, emptying it. Zager said Vickers, 58, was sentenced to five years in prison on Oct. 12, 1988, in Arizona for money laundering and conducting an illegal enterprise. Investigator Clyde Wilson said he reached Vickers by phone in a Yuma, Ariz., prison, and Vickers told him his name is being used by others, but he is not involved in the scheme. Zager said Vickers'signature, provided by his wife here, does not match those on the allegedly bogus documents. Zager said Robert Cartwright was sentenced in 1979 to 12 years in prison for misapplying funds, conspiracy and making false loan applications, but has been released. Zager said First State Investors has accounts at Gulfway and Mason Road banks; C&P Realty has accounts at Gulfway, Texas Guaranty and Memorial; and Wohlers' company, Inland Towing and Transportation, has accounts at Memorial. ALSO SEE TEXAS COLONIAS - Dallas Fed (PDF) lished the Colonias Strike Force to improve liv- ing conditions in the colonias through litiga ... division oversees the strike force, says. his team is ... www.dallasfed.org/ca/pubs/colonias.pdf - 1364k - View as html - More from this site UT DISCOVERY MAGAZINE Texas Colonias ... along the border at Texas colonias in a number of ... 1993 a Colonias Strike Force, established in the Texas Attorney General's office, ... www.utexas.edu/opa/pubs/discovery/disc1998v15n2/disc_colonias.html - 28k - Cached - More from this site Texas Colonias - Community Affairs - FRB Dallas Texas Colonias: A thumbnail sketch of the conditions, issues, challenges and ... the Texas attorney general established the Colonias Strike Force to improve ... www.dallasfed.org/ca/pubs/colonias.html - 107k - Cached - More from this site Colonias and Unrecorded red Flag Subdivisions ARE THE SAME THING Find Lucy Proctors Old Red Flag Subdivision Stories in the CONROE COURIER !!!! Paper: HOUSTON CHRONICLE Date: SAT 12/23/1989 Section: A Page: 17 Edition: 2 STAR $14 million frozen in lawsuit alleging mortgage fraud By RAD SALLEE Staff . A federal judge here Friday agreed to freeze up to $14 million in South Texas bank deposits after a New York lender alleged that officials of five companies in Corpus Christi and Houston, including two lawyers, engaged in mortgage fraud. A lawsuit by Pioneer Commercial Funding Corp. says the defendants created bogus documents to obtain funds from Pioneer, ostensibly to be reloaned to buyers of homes in Houston's Runningbrook subdivision and elsewhere. Instead, it says, the money was stolen. The lawsuit accuses the defendants of racketeering, which allows the court to award triple damages if proven. Pioneer is seeking $14 million in actual damages and $42 million in punitive damages. U.S. District Judge Kenneth Hoyt signed an order taking control of the deposits in two accounts held in the Bank of Robstown by Mortgage CreditCorp Inc. of Corpus Christi. Pioneer's attorney Steven Zager said he does not know how much money is in the accounts. He said Pioneer will go after any funds held by any of the defendants, but knows only of the two accounts in Robstown. The list of 19 defendants is headed by William J. Cartwright Sr. of Corpus Christi, named as president and majority owner of Mortgage CreditCorp and two other companies there, The Cartwright Group Inc. and First State Investors Inc. Other defendants in Corpus Christi are his sons, William Jr. and Robert H. Cartwright, and Veronica J. Cartwright, who are officers and stockholders in the three companies; Rosmare Saldivar and Melvin Smoots, officers of Mortgage CreditCorp and The Cartwright Group Inc.; William H. Whittle, an attorney and stockholder in Mortgage CreditCorp; and James P. Page. The companies are also defendants. The Houston defendants are John S. Pipkin, an officer and majority stockholder in Beau-Bay Development Corp. here; his brother Roger W. Pipkin III and his son Roger W. Pipkin IV, both officers and stockholders in the company; and three persons employed by C&P Realty here, attorney Robert L. Vickers, real estate appraiser Steven F. Thomae and Kelly Alan Wohlers. Pioneer, a "warehouse lender," advances funds to mortgage companies, which lend them in turn to home buyers. To obtain funds, a mortgage company sends Pioneer a package that includes the home buyer's credit application, promissory note, deed of trust, property appraisal, title policy commitment and proof of insurance. The lawsuit says Pioneer agreed to provide Mortgage CreditCorp up to $35 million for such loans, but sometime in 1989, the defendants began creating packages including "fictitious deeds of trust, counterfeit title commitments, fraudulent credit applications, phony appraisals and bogus insurance policies.' The lawsuit says William J. Cartwright Sr. and others conspired to buy more than 90 vacant lots, most of them in Runningbrook, at foreclosure sales at bargain prices, then transferred the titles to Beau-Bay and C&P Realty. Fraudulent packages for a number of fictitious buyers were prepared by other defendants, who presented them to Pioneer. "Neither the houses nor the underlying mortgage transactions actually existed," the lawsuit says. It says Pioneer lost at least $14 million as a result. Zager said that attorney Whittle's signature is on the deeds of trust and that attorney Vickers' is on the title policy commitments. The latter were on Stewart Title letterhead, but a Stewart official said the company did not provide them, Zager said. The title tracking numbers are assigned to Associated Title, but that company also disclaimed them, Zager said. An affidavit made Tuesday by Wohlers' fiancee, Leslie Ann Lehman, says she signed false loan documents for four homes at his request after he told her "it was all right.' "I have never seen the property, did not purchase the property and these documents are false," her affidavit says. Page said he worked for Mortgage Credit for about six months and "warehoused mortgage loans with Pioneer," but knows nothing about the alleged scheme. John S. Pipkin declined to comment until he sees the lawsuit, as did former U.S. Attorney Tony Canales of Corpus Christi, who represents The Cartwright Group. The other defendants could not be reached for comment. and well see Robert L. Vickers Pinewood Village Development EAST of Conroe !!!! Look into the other 635 "Red Flag" and the TAX Exemptions, County Officials and all the Cronies, Contributors and Family DIRECTLY involved as well. Oh by the way, the FBI LIAR who accused me FORMER FBI AGENT John Connolly, he's IN PRISON and oh yeah LOOKY who was the Title Companies Lawyer CNN's Nelda Luce Radabaugh Blair. Marcus Winberry from the Montgomery County Attorney's Office, he LIED LIED LIED Note : Oh yeah and then the MASSIVE Texas Based Bank and S&L Debacle broke loose in early 1986, funny thing Whitewater and Castle Grande well you'd think Robert Vickers and Clesson were involved ???????????? The Title Work now that's an ENTIRE CHAPTER !!!! Oh yeah the US Secret Service and the US Postal Inspection Service and the DOJ and FBI well it seems Funny Real Estate lending was behind it all SO MUCH FOR WITHAM BEING A NUT ! POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Investors mired in muddy mess of sub... CATHY GORDON : Staff A lot of sloppy things went on in that subdivision," said Clesson, its current developer. Clesson said he paved the roads after the lawsuit, but they were never accepted by the county. 06/22/1987 Resident's crusading `fans fire'/Subdivision's critic outlines difficulties CATHY GORDON : Staff He keeps it going day and night," said the subdivision's developer Donald Clesson. 06/22/1987 Man charged in threat against Bush CATHY GORDON : Staff The subdivision, nine miles east of Conroe, was the subject of an attorney general's civil lawsuit in 1981 that sought to stop developer Donald O. Clesson from misrepresenting the property. 11/21/1985 Conroe man charged with threatening assistant county attorney's life CATHY GORDON : Staff The subdivision, developed by Donald O. Clesson, is not maintained by the county because it failed to meet county specifications and was never approved, or recorded. 11/20/1985 Former assistant attorney general Edward Wesley said his office filed a lawsuit against Clesson in 1981 after receiving numerous complaints from Witham that the developer had misrepresented the subdivision. As a result, Clesson was enjoined from misrepresenting the property and was required to abide by a negotiated settlement to blacktop roads and improve drainage, Wesley said. Yeah Witham's a REAL NUT The subdivision, developed by Donald O. Clesson, is not maintained by the county because it failed to meet county specifications and was never approved, or recorded. Witham feels the developer led him to believe the county would maintain the roads and that the subdivision was recorded, Montgomery County District Attorney Peter Speers said. Witham, who was brought before Justice of the Peace James Dinkins on Tuesday, told Dinkins that, "My family has been involved with trying to expose organized real estate crime in this county. I haven't done anything to anybody." 635 Illegal Subdivisions and Tens Of Thousands of BOGUS Financial Transactions JUST IN MONTGOMERY COUNTY is that ORGANIZED CRIME or WHAT, oh How many Texas S&Ls and BANKS collapsed as a result !!!!!!! Witham knows LOTS MORE TO - See What RV King's Lawyers alleged in Beumont 9th Court of Appeals and OH YEAH, Donald Clesson explained the MASSIVE "RED FLAG CONS" to Texas AG Mark White and YUP the Montgomery County Attorney Jimmie Dozier, NELDA LUCE RADABAUGH BLAIR and MARCUS WINBERRY all had to admit it to US District Judge James DeAnda - Yeah Witham's CRAZY Paper: HOUSTON CHRONICLE Date: MON 06/22/1987 Section: 1 Page: 1 Edition: 2 STAR POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Investors mired in muddy mess of subdivision By CATHY GORDON Staff With hindsight, Donald Clesson recognizes he was the perfect stool pigeon to take over development of the pothole-riddled Pinewood Village subdivision. "I'm an honest guy. I was just dumb enough to get into the game," he said of his bailing out former developers of the crumbling project in east Montgomery County. ( Note : Western Bank and ROBERT L. VICKERS, AMERICAN TITLE INSURANCE ) CNN's NELDA LUCE RADABAUGH BLAIR and JUDGE MAYES Law Clients at HOPE & MAYES One of those former developers, Tom Eikel, (Vickers Partner) can sympathize. "I feel like it was shoved onto me. I couldn't get paid for the engineering work I did out there. So, the fellow who owned it said, `You've got to take over the subdivision to get your money."'Eikel did. Soon after, he went bankrupt when, he said, a silent business partner mismanaged construction loan money. VICKERS VICKERS VICKERS "I lost my shirt." So goes the twisted saga of Pinewood Village, one of 600 problem subdivisions that dot Montgomery County's dense pine woods, a legacy from the economic boom of the 1970s and early 1980s. The subdivision off FM 1314 has the dubious honor of being one of the worst in the county, say county officials. Its history is one of lawsuits, finger-pointing among developers, potholes the size of a small cars and extremely disgruntled residents. "It's a very good example of a really bad subdivision," said Montgomery County Engineer Don Blanton. Residents began buying lots sometime in 1977, although county and court records fail to establish the original developer. (This is a LIE ) Swarms of mosquitoes now inhabit the subdivision's stagnant ditches after rainstorms. A four-wheel-drive vehicle is not a luxury. Axles are broken on its roadways. For lack of better material, residents keep crushed stone on reserve to fill the deep holes. The stone is not easy on tires, but it saves vehicles. "That subdivision has holes big enough to suck in a truck," said Commissioner A.V. "Bull" Sallas, in whose precinct it lies. Some Pinewood Village residents have trouble getting clear title to their properties because of conflicting plat descriptions on the land - the subject of a lawsuit against the title company. A plat was recorded with the county, but it is not the plat from which land was sold. Property owners say they are denied permanent long-term financing because of the subdivision's deplorable condition - the basis for at least one homeowner's lawsuit. The subdivision's population has dwindled from 80 families to about 25. A sign once tacked to its entrance and defaced by red paint beckoned residents to come, if they dare, to "Hazard County, U.S.A." Some who had a hand in the project over the years do not necessarily disagree with that description. "It's a mess, a keg of worms. A lot of sloppy things went on in that subdivision," said Clesson, its current developer. Clesson said officials at Western Bank-Westheimer in Houston, who financed the project, urged him to take it over in 1978 after Eikel went into default on a loan. "I don't know why I didn't just walk away from it then," said Clesson, who has joined in a lawsuit against the bank with three Pinewood Village residents. The lawsuit says the bank did not properly supervise expenditures in giving advance loans for construction and reneged on a promise to Clesson to continue financing. Clesson said it was on the bank's promise of future funds that he ensured purchasers the subdivision would comply with appropriate road requirements. Bank officials say the claim has no merit. Principals in the subdivision tell of construction advances given to one developer, R.D. "Bob" Robertson, to build fishing piers, a lake and a sales office. They never materialized. WG Horne III, Robert L. Vickers and a WHOLE GANG of LAND FLIPPERS tied to the BANK President were involved along with THE AMERICAN TITLE INSURANCE COMPANY - Nelda Luce Radabaugh Blair's CLIENTS - when she was simutaneously PROSECUTING for Jimmie "Boxer Shorts" Dozier and Marcus Winberry !! "It's just a barrel of snakes, and they keep poking their heads out as things develop," Clesson said. "This whole thing has wound up breaking me. Add the bad economy to it, and I'm overdone and shot. I think a lot of sins were committed during that time. It was a big boom. The attitude was `Don't worry. It's all for prosperity's sake, and all will come out in the end.' Banks lent money. People flocked in. It was a crazy time." Eikel, now a Houston civil engineer, said he was encouraged to buy into the subdivision by developer Gil Horne, who could not come up with his fee for work done at Pinewood Village. He said he was forced to file bankruptcy after a business relationship with Robertson, a silent partner and "high-roller." "A bell should have clicked when Robertson said it would be best if only my name was on all the papers," Eikel said. Eikel also ventured into the house-building business with Robertson. Robertson was overseer on both projects, and it wasn't long before both the subdivision and housing projects were in trouble, Eikel said. "Dumb me, whatever he (Robertson) said to do out there was all right with me. Instead, I should have been watching him like a hawk. I was in a swim ming pool with a bunch of sharks." In court depositions, Eikel and Clesson refer to Robertson as the one who took construction advances from the bank. "I got a letter from the bank saying they had hired an independent engineer to go out there and see what was going on," Eikel said. "They said, `These draws don't seem to match the amount of work that's been done.' Then, I started finding where all these construction draws (advance loans) had been done by Robertson on these houses we had built together, and that work hadn't been done, either. I went broke because of Pinewood Village, the houses, everything at the same time." According to 1979 published reports, Robertson, who once owned a log cabin building company, was accused of taking consumers' down payments and not completing the homes. The Texas Securities Board subpoenaed Robertson after allegations surfaced that he mismanaged investors' money in yet another business venture. Eikel said he went to the Harris County district attorney's office about his dealings with Robertson but was told it was not worth the prosecutors' time because "Robertson had covered his tracks so well. So, nothing ever came of that, and I filed bankruptcy." Conroe attorney W.B. Etheridge, who guaranteed a bank loan on the subdivision as a financial partner with Eikel, said he met with bank officials to discuss whether they should file charges against Robertson. "They were discussing what to do about Robertson, whether or not to file charges. They chose not to. I suggested they do it. They said they would take me under advisement," said Etheridge, who has since purchased the subdivision notes from the bank. Robertson could not be reached for comment. While developers point fingers and haggle over who is to blame for Pinewood Village's poor drainage and roads, residents await a remedy. The Texas attorney general sued Clesson in 1981 for not having the subdivision's roads up to county specifications and for misleading consumers. Clesson said he paved the roads after the lawsuit, but they were never accepted by the county. They have since crumbled. Pinewood Village resident Shelly Dayton said she lives for the day when she can travel Pinewood Village roads without battling potholes. "We bought the land for $12,900 and were told within a year we'd have paved roads," she said. "What do we have? We have potholes big enough to park in." Resident Donna Meeks said she, too, is tired of the potholes. "School buses won't even come down these roads. That's how bad they are," Meeks said. Clesson said he is embarrassed by the subdivision's roads and would like to be able to fix them. "If I had the money, any means possible, I would fix it," he said. "I just can't right now. They could take a gun to my head, and I couldn't do anything about it. Face it, I inherited a nightmare." The FACT of the matter is THERE ARE TENS OF THOUSANDS OF THESE THINGS ALL OVER TEXAS Red Flags are COLONIAS and Colonias are RED FLAGS FACT Senator Kay Hutchinson, Congressman Kevin Brady and Former Texas Governor Ann Richards and 43 "Dubbya" Bush ALL KNOW that more than 1.5 MILLION FAMILIES were SUCKERED in these ILLEGAL LAND SPECULATION CONS Alberto Gonzales from HUMBLE, Former Assistant US Attorney Henry Onken and Dan Morales, Jim Mattox, John Cornyn, Gregg Abbott THEY ALL KNOW THE RACKETEERING, MAIL AND WIRE FRAUD, BANK and S&L Looting all tied DIRECTLY to all of this. These Matters are the VERY ROOT of the Texas Banking and S&L Debacle CNN's Nelda Luce Radabaugh Blair, the Title Insurance Company From Hells Lawyer AMERICAN TITLE INSURANCE The US DOJ and Postal Inspection and FBI and DOJ and FBI and FDIC and FSLIC and RTC they ALL KNOW For Christ's Sake What is it about "ANY CONTRACT" or "ALL Contracts" is it that you do NOT understand ?????????? Suffice it to say - The Whitewater - The Castle Grande Yup that's Right "Red Flag - Colonias Type Con Jobs" Road woes continue/Neighborhood battles county over upkeep PAUL McKAY : Staff The problem goes a lot further than just this single subdivision." Pioneer Trails is probably one of the worst examples of an unrecorded subdivision," Winberry says. 09/24/1989 POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Developers facing county crackdown CATHY GORDON : Staff Montgomery County, in its crackdown on developers of unrecorded subdivisions, wants the mess cleaned up. In other words, I `poor-boyed' this subdivision. 06/23/1987 Advice for potential property buyers: Ask questions CATHY GORDON : Staff If the subdivision next door is having a problem, that's a good indication your subdivision will too. This sometimes is a signal the subdivision is unrecorded and not up to county standards. 06/23/1987 Resident's crusading `fans fire'/Subdivision's critic outlines difficulties CATHY GORDON : Staff It started six years ago with his myriad of complaints to developers and county officials about the unrecorded east county subdivision's drainage and roads. 06/22/1987 POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Homeowners handle property woes CATHY GORDON : Staff It has to be on which subdivisions are the worst. His property in the unrecorded Shepard's Landing subdivision off FM 2854 is not only in the flood plain, it's in the river bed. 06/21/1987 Paper: HOUSTON CHRONICLE Date: TUE 06/23/1987 Section: 1 Page: 11 Edition: 2 STAR POTHOLES & PROMISES/Montgomery County's crumbling subdivisions/ Developers facing county crackdown JUDSON WITHAM'S CRACK DOWN ACTUALLY By CATHY GORDON Staff Had developer Albert Morello known Montgomery County's land development rules and regulations 10 years ago, his development would not be among the hundreds in the county now considered slums, he says. "The county should have told us 20 years ago to do these subdivisions a certain way. I could have done it, then sold the lots with restrictions at a higher price and gotten a better class of people in there," said Morello, a feisty man of 71 with an undeniably New York accent. "As it is now, people slapped a few dollars down for just what they were getting and slopped up the whole place. It's a slum. The county asking me to put in a new road there now is like putting on a $200 pair of shoes with a $25 suit. Forget it." Morello is co-developer of Midline Estates, one of 600 unrecorded subdivisions that do not meet Montgomery County's specifications for roads and drainage. The land is swampy. Homes resembling shacks border its pothole-riddled dirt roads. Automobile parts and metal scraps litter the yards. Montgomery County, in its crackdown on developers of unrecorded subdivisions, wants the mess cleaned up. Morello is one of hundreds of developers receiving letters or telephone calls from the county asking that they upgrade roads and drainage. It irks him, he says, because he wasn't informed of the county's subdivision rules and regulations sooner. Had he known, he would have complied, he said. "Forty years ago, when I first came to Houston, I saw developments in Harris County where developers subdivided property, stuck in a dirt road and sold to just anyone. I said to myself: `This is a terrible thing. There should be some restrictions,"' said Morello, who has stopped selling property in Midline Estates. "Well, here we are. The same thing happened in Montgomery County, and it's the county's fault. In other words, I `poor-boyed' this subdivision. I didn't have any money to do it any other way. But no one was defrauded. I didn't misrepresent anything. What you see is what you get. It's unfair for the county to come back now and say we want you to do it another way, when they didn't give a hoot back then." The county has had other complaints from those who say it failed to enforce its own rules. "I feel like it's unfair," said S.E. Rutledge, who has been sued by the county because of substandard roads and drainage in the east county Southern Pines subdivision. "We never intended to make those roads in there county specified roads," Rutledge said, "and we never told anybody we would. I think it's a bunch of crock if anybody is saying that we did." Though Rutledge is working on a plan to upgrade the subdivision, he said he feels he's taking a bum rap. "If they had rules, they should have enforced them," he said. Indeed, there were rules, say county officials who aren't buying developers' complaints as valid excuses not to upgrade. "There were rules dating back to 1967," said County Engineer Don Blanton, who has inspected more substandard roads than he cares to count. "There's no skirting around it. Developers had the option of recording, platting and fixing their subdivisions according to less stringent rules we had in the 1960s. If they had done it, they wouldn't be facing this problem now," Blanton said. While the county did not condone unrecorded subdivisions, he said, there was a time it didn't do enough to prevent them either. Note - The Political Elite in Conroe was doing it over and over and over, BLANTON is a LIAR - JW During the real estate boom of the 1970s, the county's population more than doubled from 49,479 in 1970 to 128,487 in 1980. But county manpower was another matter. "At the time of the boom in the '70s, the county had a one-man engineering department, as I understand it," said Blanton, who did not start working for the county until 1979. "There was no way he could keep up with all these developments going in. And Commissioners Court, at that time, had not made the commitment to control the unrecorded subdivisions. We have now." The mood of the day also saw commissioners bowing to constituents by accepting their substandard roads. "When you had enough people living in an area with substandard roads making demands of their commissioner, those commissioners traditionally responded by going in there and bailing out the citizens, trying to bail out the school district because they couldn't get buses down those roads," Blanton said. "The county can't afford to do it anymore." While the county touts renewed vigor in enforcing subdivision rules and regulations, it's not exactly a stranger to meeting developers in court. In September 1983, the county sued developer R.V. King and his corporation, La Cour Du Roi Inc. claiming King had violated the county's regulations in his Wilderness subdivision off FM 1488 near Magnolia. The development has no plat or plan recorded with the county. Its roads are made of dirt. In one area, a gas pipeline easement serves as the only access to residents' trailers. "It's just a bunch of rural land. It looks like somebody's farm or something," said former Assistant Montgomery County Attorney Randy Morse, who prosecuted the case. King maintained the subdivision's roads were private, the lots were legally sold by metes and bounds and that the county had no authority to regulate its development. He claimed the county's subdivision rules were not legally adopted and, therefore, not applicable. A state district court ruled the Wilderness subdivision was within the city of Conroe's extraterritorial jurisdiction and not subject to county regulations. The appeals court, however, overturned the ruling in favor of the county, establishing that it had jurisdiction in ETJs to regulate subdivision development. The case since has been remanded to state district court to determine, among other things, if King was the object of selective enforcement. "At the time of the Wilderness case, the county went after some developers to test the regulations and attempt to gain more voluntary compliance," assistant Montgomery County Attorney Marc Winberry said. "Now, the county is adopting a more active program of litigation to garner compliance." Another case that pitted the county against a developer involved the unrecorded Glenmost Estates subdivision near Magnolia. The developers, Michael Fitzmaurice and Lawrence Lind, claimed they were being unfairly blacklisted by the county - that the county was trying to coerce them into upgrading certain things at the subdivisions by denying building permits to property owners. The county contended Lind and Fitzmaurice violated subdivision rules and regulations. A settlement was reached with the developers agreeing to upgrade certain aspects of Glenmost Estates. But before it got that far, the two men declared bankruptcy. Another company, Stewart and Hill with developer Beau King, has since taken over the property and has been ordered by the bankruptcy court to upgrade the subdivision to county standards by August 1990. "We're trying to live with the plan of reorganization and get the roads up to standard," said Mike Schneider, who oversees road construction for Stewart and Hill. Attorney Nelda Radabaugh, hired by Montgomery County to tackle the problem of unrecorded subdivisions, said she is surprised at the number of developers who have cooperated since being sent warning letters by the county. WHAT A JOKE - Nelda was the Title Company's Lawyer "It's very difficult for some developers who did it one way five or 10 years ago to switch over and do it a different way now," she said. The rules have become more stringent. For example, the county now requires developers to use 6 inches of road base and 2 inches of surface mix on the roads. Before 1980, it required only 4 inches of road base and 2 1/2 inches of surface. County officials advise would-be developers in the county to obtain a copy of its regulations before designing a subdivision layout. That plan then should be presented to the county, and the health department should be contacted concerning plans for water wells and septic systems. Developers must put up a bond so the county can secure construction performance. Once the plat is approved by Commissioners Court, it can be filed in the county clerk's office. Only then can developers start selling lots in the subdivision. Once the plat is approved and recorded, the developer has 18 months to build the roads. "A reliable developer should have sufficient reserves to get the roads built without relying on money from sales in the subdivision," said Winberry. Conroe developer Austin B. McComb said subdivision regulations are fine and good, but he prefers that his subdivision remain unrecorded so he can keep his speed bumps. "In my subdivision, all the roads are paved, a water system is in. The reason I don't want the county to take it over is the county doesn't allow speed bumps, and I'd have to take them out. My residents like them," said McComb, developer of the Lake Creek Falls subdivision off FM 1488. McComb said he has received no complaints from the 20 families who live there. He said his contracts to lot owners specify that the subdivision is unrecorded and that he will maintain the roads until such time the county takes them over or they are given to the residents' lot owners association. McComb said the county is painting developers with too wide a brush. "Not every developer is out to defraud the public," he said. "I've lived here all my life and love it here a nd have no reason to start being unfair with Developer Violations Force Families From Homes November 21, 2006 HOUSTON -- Note: The following story is a verbatim transcript of an Investigators story that aired on Monday, Nov. 20, 2006, on KPRC Local 2 at 10 p.m. Owning your own home -- it's what millions of u s work for. But the American dream is turning into more of a nightmare for dozens of Texans. KPRC Local 2 investigates a developer who's avoided state laws and evaded regulators for years. See Report: Amy Davis Reports Investigative reporter Amy Davis uncovers the violations that have forced families from their homes. No one believed chunks of dirt and grease were coming out of Pamela Hobbs' pipes until she caught it on camera. "We quit drinking it over a year ago," she said. Hobbs complained to the state but is convinced she knows the source of the contamination. "The local garbage man will pick up the garbage around here. Instead of taking it to the dump, he'll dump it in these holes," she said. Holes like this one or this one. We found them all over her San Jacinto County subdivision -- construction debris peeking out of the makeshift landfills. Check out this dumping ground -- old tires, wood and scrap metal left here by workers building homes for developer Darrell Hall. "But this mess is not news to state inspectors. They've seen this trash, fined developer Darrell Hall and ordered him to clean it up. But that was four years ago," KPRC Local 2 investigative reporter Amy Davis said. "They get a judgment against him and they just continue letting him operate as normal. So, what was the point?" homeowner John Doty said. We found Hall operating all over Texas, building homes and violating the state's health and safety code -- in Grimes, Leon, Madison, Liberty and San Jacinto counties. "Those have litt le or no oversight," San Jacinto District Attorney Mark Price said. San Jacinto District Attorney Mark Price says resources for investigating complaints in rural counties like his are nearly non-existent. "The counties just can't afford full-time engineers, full-time inspectors," he said. Which takes us back to the state and this lawsuit in 2002. The attorney general's office and the Texas Commission on Environmental Quality sued Hall for digging "illegal, unpermitted landfills" where crews buried or burned piles of garbage, old tires, paint and other hazardous waste. Investigators say crews t hen covered up the holes, even built homes on top of the makeshift landfills. In 2002, Hall agreed to pay a $325,000 and clean up his neighborhoods. Anita Allooh, who lived in one of those neighborhoods, waited and waited. Then, she finally just moved. "Nobody did anything. The state took it over. They put a judgment against Darrell Hall, but they left it in his hands to take care of it, which he never did," Allooh said. Fast forward four years to find Hall's employees still building, still dumping waste, still selling homes. "They're coming in just like I did. Nobody's told them," said Regina Doty, who mov ed from a home purchased from Hall. Nobody's told new buyers what they're buying into. But four weeks after we contacted the state to ask about the ongoing violations, the attorney general filed this motion for contempt, again ordering Hall to clean up the land. When we asked the A.G. for an interview, they told us since the case is still in litigation, they can't discuss it. And no one will talk to homeowners like Hobbs either. "I've been over a year trying to get a hold of Darrell Hall," Hobbs said. When Darrell Hall didn't return our phone calls, we dropped by his home, the n drove to his home office in Madisonville, two hours north of Houston. "Can you tell us where to find him? We drove a long way to talk to him," Davis said. "I don't know where he's at. I haven't seen him today," a Hall employee said. An attorney for Darrell Hall sent us a one-sentence statement that reads, "Mr. Hall makes it possible for people to own homes that wouldn't otherwise have that opportunity." But families forced from their houses told us the opportunity was more like a sentence. "Why doesn't he live in these homes for over a year and see how he likes it there? Drink that water. Wash your babies in that water," Allooh said. If you have a news tip or question for KPRC Local 2 Investigates, drop them an e-mail or call their tipline at (713) 223-TIPS (8477). http://www.click2houston.com/investigates/10365235/detail.html http://www.click2houston.com/video/10369532/index.html?taf=hou PLEASE SEND IN YOUR STORIES AND REPORTS ....
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National Foreclosure Standards Commission ( NFSC )
NOTICE .....
FAVORITE
BANK / S&L FELONIES
Here's a List Of Just A Few Of The Millions Of Cons
By
Mark D. Fefer, Wilton Woods, John Labate, Jung Ah Pak, | Andrew Erdman,
Terence P. Pare, Sandra L. Kirsch, Alison L. Sprout, Joel Dreyfuss,
Jaclyn Fierman.
November 5, 1990
(FORTUNE
Magazine) – Misapplication of funds:Obtaining funds for a given
purpose, then using them for another not sanctioned by the lender.
Borrower A, who was lent $100,000 to build an apartment complex, uses
the money instead to pay defaulted interest on another loan.
Land flips:The fraudulent inflation of a property's value through multiple sales. Party A buys a property for $100,000, then sells it to confederate B for $400,000. B sells to confederate C for $700,000. Confederate D then goes to the thrift and says he wants to buy this much-sought-after property for its most recent appraised value. The thrift approves the loan; the felons divide the proceeds. The lender and appraiser may or may not be in on the deal. Check kiting:The classic original white-collar con. The perpetrator, with $10,000 in account X, draws a check on X for $20,000, depositing it in account Y, whose balance previously was zero. He then draws a check on Y for $10,000, depositing that amount in account X. Float, the time required for checks to clear, makes the game possible -- so long as the money keeps moving. Kickbacks:Payment of anything of value to a person in exchange for a service. Party A seeks a $100,000 loan. Banker B reviews A's application and says: ''You must be kidding.'' A shows just how serious he is by offering to give B 10% of the loan, if approved. The payment is disguised as a ''servicing fee,'' ''consulting fee,'' or some such. The items in the following list were largely reported by Mark D. Fefer, with assistance from Wilton Woods, John Labate, Jung Ah Pak, Andrew Erdman, Terence P. Pare, Sandra L. Kirsch, and Alison L. Sprout. They were written by Fefer, Joel Dreyfuss, and Jaclyn Fierman. Otha B. Chandler Jr. 50, a senior loan officer at Savers Federal in Little Rock, Arkansas, ignored regulations that cap loans to a single borrower and handed out $20 million -- 55% of his thrift's portfolio -- to just two Little Rock developers. Chandler, who goes by ''Buddy,'' broke the law again by covering up his folly. The loans, which financed a failed Mississippi condo project and the purchase of a private jet, among other things, all went bust. Prison sentence: four years. Robert Luera 48, proprietor of a Mexican restaurant in Redding, California, exaggerated his income to get a $135,000 home loan. A good sport, he had the FBI investigator in for a meal after his case closed. One year probation. Janis Lee 48, a clerk in charge of handling new customer accounts at Surety Federal Savings Bank in Vallejo, California, skimmed some $100,000 for herself from dormant accounts. She is awaiting sentence. Luann Price Brent Price Luann, 42, a loan officer at Eureka Federal S&L in Eureka, California, and her husband, Brent, 43, kited $2 million in checks between Eureka and a Utah bank. Four years each. Roderick D. Reed 42, president of FirstSouth Savings in Pine Bluff, Arkansas, used the accounting equivalent of steroids to beef up his thrift's balance sheet. He recorded as loans $8.5 million given a Dallas developer that should have been treated as investments, since that money carried no recourse to the borrower. But by concealing this arrangement from examiners and auditors, Reed was able to book fees and interest that nearly doubled FirstSouth's income. His alleged co-conspirator, FirstSouth Chief Executive Howard J. Wiechern Jr., is awaiting trial. Reed got 2 1/2 years. Robert Mikkelsen 53, executive vice president of Baldwin County S&L in Robertsdale, Alabama, pushed through a $1.5 million loan for three business associates, supposedly to develop a marina on a piece of swamp known as the Quarantine Property. But as Mikkelsen knew, this boggy site -- where turn-of-the-century passenger ships let off people with infectious diseases -- was worthless. The loan went bust. The three were acquitted. Mikkelsen got one year probation. John Latham | 36, president of Madison Guaranty in Little Rock, Arkansas, tried to hide from bank examiners a $500,000 nonrecourse insider loan that had been made to take a warehouse off Madison's books. Six months. David Mason III 59, a director at the Bank of Amadore in Northern California, kited checks between his thrift and Washington Savings in Jackson, California. He paid back the $450,000 that the Jackson thrift lost. On probation. Martin R. Mortimer and Ance Marlin Sutton Mortimer, 38, executive loan officer at Pima S&L in Tucson, Arizona, was nailed for accepting a $12,000 thank-you check from a Denver loan broker. But federal investigators estimate that, altogether, Mortimer made some $30 million in fraudulent loans at Pima. Sutton, 50, a California real estate developer, also slipped Mortimer a $10,000 ''gift'' while seeking Pima loans. Sutton later claimed that his bribe had been a loan. Each got five years in prison. Robert M. Snyder 31, an agent for Advanced Auto Leasing of Scottsdale, Arizona, helped 18 clearly deadbeat customers get loans by filing phony information with various S&Ls. Snyder is awaiting sentence. Janet McKinzie 41 (right), executive assistant to the chairman of North America S&L of Santa Ana, California, was the ringleader in a scam that cost her thrift $16 million. Working with David Morgan, 53, a real estate investor, she set up a fake escrow account and then submitted phony invoices to get funds for her own use. Secretaries Victoria Walker, 48, and Kathleen Taormina, 33, provided the paper trail. When caught, McKinzie was ordered to pay back $13,445,369, which matched the $10 million plus interest she had collected from the insurance policy of Duayne Christensen, the thrift's chairman. Christensen, who colluded with her, died before charges could be pressed. McKinzie got 20 years; Morgan, one year and a day. Walker, who sang to the feds, got only 90 days; Taormina, community service and a $5,000 fine. Stephen Croff 42, chief loan officer at Gold River Savings in Carmichael, California, invented four fictitious borrowers and lent himself $198,000 to open a pizza parlor. Croff, who paid the thrift back, got probation. David Holder 37, managed to cash $168,000 in bad checks at American Savings in Sacramento, California, before striking out on his third visit. While awaiting sentence, he was picked up again for a similar offense. One year. | John Steven Bracy 44, president of Unifirst Federal in Trumann, Arkansas, loaned two business associates $500,000 more than they needed. All $500,000 soon found its way back into Bracy's pocket. Three years. Lori Ann Schaefer 26, a loan officer at American Savings in Stockton, California, made secret loans to herself -- each large enough to pay off the last. When she lost her nerve, she had dug a $128,000 hole. She got 15 months. Harlan Wolfe 61, a real estate appraiser, overvalued a $225,000 house, got a loan, and funneled the extra $500,000 to a cash-starved fireworks company. The lender, a California thrift, recovered its money. Awaiting sentence. Robert Joseph Hyde 61, an insurance agent, stole the savings of an old woman whose money he was managing. Hyde forged her signature on a check for $168,000 at Sacramento Savings & Loan in Woodland, California, and disappeared in October 1989. Last June, Hyde was featured on the Fox Television program America's Most Wanted. He was picked up days later in Oklahoma City, where he had been working at an employment agency under an alias. Not yet sentenced. Steven Curran 42, worked hard to keep his boat business afloat. Among other things, he kited checks and got loans under false pretenses. He bilked Westwood (California) Thrift & Loan of $150,000 and awaits sentence. Michael S. Moers Arthur M. Pastel Moers, 39, chairman of Brookside S&L of Pasadena, California, and Pastel, 64, the vice chairman, sold property to their thrift through a front man. The real estate ranged from a 322-unit apartment complex in San Antonio to property in Nevada. In one case, Moers and Pastel altered board minutes to hide their involvement. Moers also secretly collected commissions for land deals from another California thrift. Both men are awaiting sentencing. Richard J. Mariucci 32, branch manager of Gibraltar Federal in San Francisco, oversaw some very large deposits. He used his position to help himself to $3.4 million and spent it on gambling and raising racehorses. Twenty-seven months. Hans J. Leuschner 51, vice president of Adobe Savings in Concord, California, kited checks between Adobe and another Concord bank to keep his restaurant business running. Five years probation. Anthony M. Essex 33, former VP and loan administrator of Founders S&L in Los Angeles, vastly + overstated his income to obtain a $121,500 mortgage. He also helped business associate Janet Caldwell, 52, fake her application and approved a loan of $50,000 for her. The thrift later managed to recover its loan loss plus interest by selling Essex's house. Six months in prison, 640 hours of community service, and $8,000 in restitution for him. Caldwell got three years probation and 400 hours of community service. Henry Schneider Steven Smith Walter Vladovich Vladovich, 56, owner of a video store in Riverside, California, defrauded Westlake Thrift & Loan of $4 million. He and his salesmen -- Jerry Tulak, 30, George Louyza Sr., 53, and George Louyza Jr., 26 -- gave away equipment to recruit straw borrowers and kept the money from the loans for themselves. Smith, the thrift's president, was in on the scam. In a separate scheme, Vladovich bribed Schneider, VP at First United Federal of San Francisco, to win approval for $556,269 in nominee loans. The money flowed into Vladovich's pockets. Four years and a $50,000 fine for him; two years and $20,000 for Smith. Schneider got three years and has to repay $32,000. The Louyzas got 90 days and $10,000 fines. Tulak got six months and $20,000. Daniel Burkhart and Gina Loren Loren, 54, an investment manager, Burkhart, 43, a stockbroker, and Charles Lusin, 57, an attorney, conned California thrifts, individuals, and an order of nuns out of $4.1 million. Loren promised victims their money would be held in a trust secured by U.S. Treasury notes. Instead, it went into a margin account at Burkhart's brokerage and was spent on luxury cars and a $1.6 million home in Orange County. Loren got six years; Lusin, five; Burkhart, four. Walter Nicholas 36, of Chico, California's American Savings, rerouted elderly investors' nest eggs to an unsuccessful Nevada City business venture, then tried to recover by buying hundreds of state lottery tickets. Twenty months. Hermit Butler 52, took part in a massive money-laundering scheme. He withdrew $285,000 in cashier's checks from Citicorp S&L of Torrance, California, knowing that the money wasn't there. Not yet sentenced. Marcel Cordi 48, a developer, hid behind 38 straw buyers to get $2.6 million in home loans from Sacramento's Great Western Savings. But the thrift lost nothing, thanks to the frenzied 1988 housing market. Six months. Thomas Brian Carter 37, used a falsified tax return that exaggerated his income to secure a $190,000 residential loan from Great Western Savings of Redding, California. He is currently appealing his four-month prison sentence. Michael S. Scherzer 46, a California devel oper, borrowed $2.6 million from E.F. Hutton and three thrifts, ostensibly for real estate deals. He spent the money instead on polo ponies and expensive cars. Sixteen years. Mariana Abella Emelita Carino Bruce Li Abella, 40, Carino, 40, and Li, 31, worked at Grand Wilshire Group of Glendora, California, an umbrella organization for car dealerships and auto- financing companies that catered mostly to Filipino immigrants in the Los Angeles area. They joined co-workers Erlinda Relosa, 43, Ramon Relosa, 44, Evangeline Zapido, 43, Francisco Villasenior, 54, and Greg Mangalindan, 30, in a complex scheme to misrepresent auto loans and falsify credit records in loans that Grand Wilshire sold to various thrifts and banks. Imperial Savings Association of San Diego, one of the many victims of Grand Wilshire, took a $50 million hit out of a total of $130 million lost by S&Ls, banks, and investors. The eight are awaiting sentence. Daniel W. Dierdorff 54, CEO of Sun Savings in San Diego, issued bank checks to himself under a fictitious name. Dierdorff (that's his lawyer on the left) created a secret account under yet another name into which he deposited some $200,000 of unknown origin. At sentencing, the judge took into account other incidents of Dierdorff's ''misconduct'' that were not charged but were ''found to be substantiated'' and that prosecutors say resulted in a loss to Sun Savings of some $13 million. Dierdorff was sentenced to six years in prison. Peter Frumenti Ted Mussacchio Mussacchio (left), 56, president of Columbus Marin S&L in San Marin, California, lied to his board about a loan he gave to his friend, Frumenti, 64, a contractor. Both got probation. John L. Molinaro and Donald P. Mangano Sr. Molinaro, 49, chairman of Ramona S&L in Orange, California, and Mangano, 53, ex-business manager of singer Jose Feliciano, used 25% of the S&L's assets to build a 180-unit condo in Palm Springs. When only seven units sold, they found straw men to borrow $30 million to buy the condos and sign them over to Mangano. The bank lost all $30 million. Both men are responsible for restoring $6.7 million. Molinaro, 12 years in prison; Mangano, 15 years. David Butler 46, was chairman and president of Bell Savings & Loan of San Mateo, California. He helped an associate, who was not convicted, get a $3 million loan for a real estate deal in which Butler had an interest. Two years. Jerry F. Waddell 51, vice president of Southern Florida S&L in Sarasota, used fictitious names to loan himself $300,000 for a house in ritzy Longboat Key. Ordered to provide full restitution, he has so far paid $100. Six months. Kipi Elaine Martin 39, took $48,729 in loans from two Florida S&Ls and a bank by faking identities and filling out various phony documents. Martin was ordered to make restitution and sentenced to six years. Joseph Harding 59, and fellow salesmen Herman Dennis, 48, and Abraham Hobson III, 42, recruited friends as straw buyers of time-share condos in St. Petersburg, Florida. Two thrifts took big hits on the loans. The three got probation. David Kelly Brewster 48, used phantom shares of stock as collateral for $550,000 in loans from Amerifirst Bank, West Palm Beach, Florida. He was ordered to pay back $60,015. He got 15 months and three years supervised release. Jay and Leif Soderling Jay (left), 31, and brother Leif, 36, formerly the two top officers at Golden Pacific Savings & Loan in Santa Rosa, California, pleaded guilty in 1987 to misapplying the funds of their failed thrift and were ordered to pay several million dollars in restitution. Instead, while on probation after a year in prison, the Soderlings used funds from a promissory note that had come due to go on a $500,000 spending spree. The second time around, the judge slapped them with six years each. Robert M. Pitts 49, owner of Pitt Stop service stations in New Haven, Connecticut, kited checks between two savings and loan accounts. He ultimately stuck Connecticut Savings with a $475,000 loss. Not yet sentenced. David A. Feldman and Kenneth Rogers, both 51, George Charles Ash, 46, of the National Mortgage Equity Corp., and Mary Brown, 57, a Bank of America branch officer in Los Angeles, sold $144 million of risky mortgage-backed certificates to 20 financial institutions. They included City Federal S&L of Birmingham, Alabama, and Umpqua S&L of Roseborg, Oregon. As trustee, Bank of America lost $95 million. Feldman, 15 years; Ash, two years; Brown, five years probation; Rogers is awaiting sentence. Otto E. Joyner 48, a manager with Collective Federal in Egg Harbor, New Jersey, certified that work was completed on a Florida condo the thrift financed. The builder went bust, but Collective recouped. Joyner: three years. Ronald Jacoby Simon Abelson Daniel Jessup Jacoby, 47, a former S&L president, Abelson, 33, and Jessup, 39, set up a straw mortgage scheme to get loans for condominiums from First Federal Savings and Loan Bank of Newton, Kansas. Jacoby must pay back $35,000 and serve 15 months in prison; Abelson must pay $20,000 and serve five years probation; and Jessup must pay $20,000 and serve five years probation. Abelson and Jessup must also serve 800 hours of community service. William J. Hortman 52, president of First Federal Savings in Americus, Georgia, used a nominee loan from another Georgia thrift to buy a Florida condo unit from his own bank at an insider price. Three years probation. Richard P. Erickson 37, owner of Vermilion Contracting, enticed homeowners to finance improvements -- and make extra bucks -- by applying for loans to cover the exaggerated cost of work he did on their homes. An Illinois thrift lost $261,000 on defaults. Erickson got one year. Other Vermilion employees -- Douglas Macklin, 47, Lloyd Lucas, 40, Louis Meier, 53, Donald Poggendorf, 52, Gary Smith, 42, and Sandra McDougal, 32 -- got sentences ranging from 240 days in prison to three years probation. Edgar A. Vales 59, a construction contractor, lied about his outstanding obligations to qualify for a $43,000 loan from Liberty Federal of New Port Richey, Florida. He promised to pay back $15,000. Awaits sentencing. James Reagin 55, majority owner of McRea Inc., a real estate development company in Dallas, pleaded guilty to six counts of fraud including schemes to raise money through a land flip and fraudulent loans. His co-conspirators included Gary Spaniak and Norbert Murray, partners in a shopping center development company; Timothy Heuer, owner of First Savings of South Beloit, Illinois; and Alan Kirchner, president of the Bank of Alma in Alma, Wisconsin. All five men are awaiting sentence. Vickie Pace John Tucker Pace, 41, and Tucker, 31, used names of creditworthy -- but dead -- people to get loans for buyers of their mobile homes. Several Georgia institutions lost a total of $120,000. Two years each. Sherilane Sears 29, branch manager at First Federal in Indianapolis, used the convenience of automated teller machines to withdraw $27,000 from dormant customer accounts. She got five years probation. Mary Feezel 47, assistant treasurer at Elgin Federal Financial Center in Elgin, Illinois, used a computer to embezzle $597,657. She bought two cars, took vacations, and paid for her kids' wedding receptions. Three years. John R. Forbes 50 (left), real estate developer and former Florida state legislator, got a $750,000 loan from First Federal of Jacksonville for a 10-unit condo project. When construction costs mounted, he, architect Harvey M. Manss, 43, and contractor Michael W. Miller, 44, reduced spending -- they cut out swimming pools and downgraded appliances -- without telling the thrift. First Federal got stiffed. Six months for Forbes and Manss; three years probation for Miller. Terry Stough and his wife, Nancy, lured buyers to their condo with promises to refund down payments. The condo went bust. California Federal of Marietta, Georgia, and others lost a total of $1 million. Two years probation. Peyton Johnson 48, a salesman, inflated the purchase price of two rental properties and filed false credit information to get $301,500 in loans. He stung Citicorp Savings of Florida in St. Petersburg and a Tampa thrift. Awaits sentencing. Richard Keane 30, a developer, submitted false preconstruction sales contracts so he could draw on hundreds of thousands of dollars in loans from American Pioneer Savings in Stuart, Florida. Fifteen months. Levon Dempsey Jr. 36, controller at Permanent Federal in Evansville, Indiana, laundered $81,000 of the thrift's money through a friend's account into his own. Said he: ''I needed it to support my suburban lifestyle.'' One year. Jon V. Karas 46, fraudulently borrowed $100,000 from eight Illinois banks and thrift institutions. He was ordered to pay $90,000 in restitution and was sentenced to two months in prison plus five years probation. Bruce Narbe 38, got $700,000 from Ameriana Savings in Greenfield, Indiana, for his golf cart store, then used the money to pay off old debts. When default came, there % were no carts to grab. Six months in a halfway house. Oscar Tharp and John O'Donnell Tharp (left), 41, head of First Mutual Savings in Pensacola, Florida, and executive VP O'Donnell (right), 42, took 1% to 1.5% kickbacks on some $90 million in loans they made through brokers Porter Spangler, 49, and Larry Morris, 56, to developers such as Robert Hayden, 53. The loans, which were for condo projects and rehabs in Atlanta, all went bad. Tharp and O'Donnell got 12 years; Spangler only 90 days. Hayden and Morris got probation. Arthur Kick 63, was president of North Chicago Federal Savings & Loan. He was nabbed by the government for misappropriating loans totaling $1,218,460. Kick made full restitution and was sentenced to three years probation. Renato F. Duarte 27, was an employee of Citicorp Savings in Chicago. He used unauthorized ATM cards to raid customer accounts of amounts totaling $119,000. Duarte was sentenced to five months in prison. Richard Kukielski 51, was president of West Town Savings & Loan Association in Cicero, Illinois. In a sleight of hand reminiscent of Cicero's mobster past, Kukielski tried to walk with a cool million. Awaits sentencing. Morris McCleary Jr. 49, president of Home Plan Savings in Johnston, Iowa, converted $1.95 million of his customers' money, much of it held in jumbo certificates of deposit, to his personal use. He gambled it away on sports. Ultimately, he turned himself in. Says the prosecuting attorney: ''Maybe McCleary's conscience got the best of him. That happens now and then.'' He was sentenced to 30 months in prison and 135 hours of community service, plus full restitution. Fred L. Langford 64, CEO of Palmetto Federal in Palmetto, Florida, specialized in sham transactions that kept his money-losing thrift looking profitable quarter after quarter. Typically, he would pretend to sell Palmetto's interest in real estate projects at premium prices while secretly providing all the money for the deals to the buyers. When Goldome Savings of Buffalo, New York, bought out Langford and other Palmetto shareholders in 1983, Goldome took a bath. Three years. Paul Chainey Jr. and Walter Judd Kassuba Kassuba, 56, a Houston developer, started borrowing from First Federal of Beloit, Kansas, in the early Eighties. Chainey, 46, who headed up Texas lending at the thrift, took kickbacks on the loans. While the loans were made ! for real estate deals, Kassuba shuttled some of the money elsewhere. Part went for making a movie in Hungary -- yet to be released. All of Chainey and Kassuba's joint deals flopped. Kassuba got six months in jail. Chainey got two years. Malcolm Crow Robert Farmigoni Crow, 40, senior VP at First Financial in Lutcher, Louisiana, arranged for some $10 million in loans to real estate broker Seaborn R. Wicker, 57, all of which defaulted. Wicker, in turn, provided Crow with a Lincoln Continental, a condo, and at least $25,000. Nearly broke now, Crow is doing five years probation; Wicker is appealing his conviction and three-year sentence. Farmigoni (above), 54, took over Crow's job after he left to work for the FSLIC. He then supplied Loretta Lustig, 54, with $5 million in unauthorized letters of credit, which she used to get real estate loans. She slipped Farmigoni $50,000 in return. The FSLIC finally forced First Financial to merge with another thrift in 1987. Farmigoni and Lustig each got three years. David H. Stewart 40, a real estate developer with a previous mail fraud conviction, obtained $52,000 in loans from Capital Union Savings of Baton Rouge with false financial information. Stewart was sentenced to ten years. James D. Hague a director of Liberty Federal in Leesville, Louisiana, sold the thrift to buy his Wichita Falls, Texas, shopping center for 200,000 shares of Liberty stock. He presented a jumbo appraisal but failed to mention that the center was not meeting its debt service. Shortly after Hague became Liberty's 86% shareholder, management announced a dividend that netted him just shy of $1 million. Hague, not yet sentenced, is cooperating with federal investigators. James Hershberger 59 (with wife, Sally), a prominent Kansas oil man, once planned to run for governor of his home state. But last February he was found guilty on 25 counts of fraud. Among the victims was Fidelity Savings of Wichita, bilked out of a $600,000 loan because Hershberger lied about his net worth. An accomplished track-and-field man, Hershberger appeared on a Wheaties box in 1986. He got nine years and seven months. Dyrk J. Dahl, financial VP at Hershberger's firm, executed his schemes and got two years. William Smith Jr. headed a unit of First Federal of Alexandria, Louisiana. He pocketed fees on mortgages he never made. Thrifts that lent construction money on the basis of his promises lost $1 million. Four years. Ralph A. Hosch 46, president of Audubon Federal in New Orleans, greased the skids for a $12 million loan. In gratitude, loan broker John E. Hodges, 48, wired him $95,000. Hosch got eight years; Hodges, four months. Ronald P. Slepian, 58, an attorney and broker, participated in a land flip that sent the price of some Alabama acreage soaring from $500,000 to $1.5 million. Crescent Federal of New Orleans lent $1 million on the property, and the participants divvied the dough. Slepian got two years. Louis J. Sider Jr. 43, mortgage broker, defrauded Elmwood Federal in Harahan, Louisiana, by selling off mortgages and pocketing the money. He created some 50 bogus notes to conceal the sales. Twenty-seven months. Peggy Byrn 47, got her employer, Kentucky's London Federal, to pick up the tab when used- car dealer Leon Chambers, 56, her then-husband, bought 18 vehicles at an auction. Byrn got one year; Chambers, five. Leonard Villines 39, secretary and treasurer at Madisonville Building & Loan in Madisonville, Kentucky, used a $15,000 CD as loan collateral twice. He forged a copy to dupe his own thrift. Not yet sentenced. George Bonfanti and Gerald Fackrell In 1984 Fackrell, 44 (left), and Bonfanti, 45, borrowed $20 million from Sunbelt Federal Savings of Baton Rouge to build a local apartment complex and a six-story office building. The projects were never completed, although the borrowers lied about the progress to the thrift and drew up a phony lease agreement. They also fabricated construction fees. Bonfanti and Fackrell eventually defaulted; the loss to Sunbelt Federal topped $12 million. Bonfanti was sentenced to five years in prison. Fackrell got six. Linda Powers, Michael Jimison Powers, 38, an employee of Northeast Savings in Stoughton, Massachusetts, used her desktop computer to transfer nearly $300,000 into her own account. She paid back 80% but still got a year in prison and two years probation. In another Massachusetts case, Jimison, 33, kited checks totaling some $37,000 that crash-landed at Ipswich Savings. When the dust settled, the bank was out a few grand, and he was in the cooler for 30 months. Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, 50, president of Sioux Valley Savings in Cherokee, Iowa, siphoned off at least $1 million of the thrift's fees to his own account and took kickbacks from Colorado developers. He also set up a slush fund used to shore up bad loans when thrift examiners came calling. Odom got six years. Snyder, 36, the thrift's vice president, pleaded guilty to pocketing a $7,000 mortgage insurance check, then helped federal prosecutors nail Odom. His reward: a sentence of 45 days. Lickiss, 41, Sioux Valley's secretary and treasurer, altered the minutes of the board of directors' meetings at Odom's behest to show that the directors approved loans they had in fact never heard of. Lickiss got 80 days. Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard These loan originators, 30, 32, 27, and 30, respectively, worked at ComFed Savings Bank in Lowell, Massachusetts. They boosted commissions $200,000 by approving loans to unqualified borrowers and by other schemes. Rydell changed a one to a seven on an applicant's income statement. He got two years probation. Savard got 30 days in jail, $17,000 in fines and restitution. The others await sentencing. Ronald Anzivino, Carmen Guarnera, Joseph Motroni Motroni, 42, vice president at First American Bank for Savings in Boston, took kickbacks on loans funneled into the bank by Guarnera, 52. For fees of $1,000 and up, which he split with Guarnera, Motroni lent to the uncreditworthy. One repeat customer was Ford dealer Anzivino, 46, who borrowed for himself and unqualified car buyers. Anzivino got ten months in prison. Motroni, 18 months; Guarnera, 24 months. Henry Leo Ewald Entrepreneur Ewald, 48, forged his way to a $6.5 million mortgage from First Federal of Pontiac, Michigan, on an apartment building he didn't own. He did meet interest payments. Thirty-seven months. Kent Higdon C.W. Jackson Higdon, 38, vice president at First Southern Savings in Pascagoula, Mississippi, misstated collateral on loans to Jackson. Higdon awaits sentencing. Jackson got probation. George McLemore 40, a customer at Eastover Bank for Savings in Petal, Mississippi, kited checks to the tune of $173,542. The judge decided to give the highflying McLemore four months in prison. Rebecca Killen 48, assistant manager at Unifirst Bank for Savings in Philadelphia, Mississippi, kited $80,000 of checks among 17 customer accounts, forging signatures as she went. Sentenced to nine months in jail. Megan McDonald Lee Welch Welch and wife McDonald, both 26, used phony documents to apply for $6,045,878 in loans from dozens of banks and thrifts. Welch got 6 1/2 years; Mcdonald, six months. Edward Dacy James Porter Julian Seidel First Maryland Savings & Loan President Seidel, 55 (above), senior vice president Porter, 43, and outside counsel Dacy, 52, cost taxpayers some $60 million by approving risky commercial loans and failing to submit them for regulatory review. When the bank faced a net-worth crunch, the three sold millions in First Maryland debentures and lent investors the money to buy them. Seidel got 12 years; Porter, seven years; Dacy, 18 months. Neal Dellocono Robert Fuhrman There was a whole lot of trouble at River City Federal in Baton Rouge, Louisiana. President Dellocono, 50 (right), couldn't lure buyers for condos he owned, so he required no down payments and River City lent them the full purchase price. In a separate case, Fuhrman, 44, a developer, borrowed $400,000 for a real estate project. He spent the money elsewhere. Dellocono, privy to his plans, pocketed $104,000 in kickbacks. Dellocono got four years; Fuhrman, three. Clinton Mayes Jr. 39, manager of State Mutual Federal Savings & Loan Association in Jackson, Mississippi, pretended to make loans to customers while taking the money -- a total of $134,000 -- for himself. One year in prison. Linda Shunk Philip Shunk Mrs. Shunk, 40, president of Republic Bank for Savings in Jackson, Mississippi, and her mate, 39, the ex-president, made unauthorized loans. Loss: $72 million. Await sentencing. Donald Snede 40, CFO of Midwest Federal in Minneapolis, one of five indicted officials at Midwest, admitted he doctored the books, enabling Midwest to sell debentures when it was virtually insolvent. Awaits sentencing. Sharon Newbill 54, a vice president of First City Federal Savings & Loan in Lucedale, Mississippi, acquired $19,000 in new bills by embezzling from First City. Newbill was sentenced to a crisp three years probation. Sandra L. Payne 31, a vault teller, helped herself to over $100,000 in cash from Blue Valley Federal in Raytown, Missouri. Her fatal error: taking a vacation, which is when banks typically audit their tellers. Five months. Janice Miller Timm Miller * Timm, who worked at an S&L outside Reno, Nevada, and wife Janice, who toiled in a nearby bank, wrote each other phony checks, pocketing $120,000. Six months for him; she got probation. Estela Plaza Alfonso Tardy Plaza, a loan clerk at Washington Savings in Hoboken, New Jersey, and realtor Tardy, 33, made off with $2.9 million in loan checks. Tardy to be sentenced; Plaza on probation. James W. Burge 40, vice president and manager of the consumer loan department at Magnolia Federal Savings & Loan in Hattiesburg, Mississippi, stole some $33,000 from the thrift. His sentence: 1 1/2 years in the slammer. Richard D. Hollon 41, a bookkeeper at Investors Federal in Chillicothe, Missouri, made 64 transfers of thrift money to his personal accounts over a year and a half. He was caught, like Payne, while on vacation. Ten months. Larry Kopp Stuart Sherer Kopp, 45, a New Jersey developer, had employee Sherer forge leases and rent rolls to secure a $14 million loan on a mall from Ensign Federal in New York City. Both await sentencing. Anthony Smith a borrower at Chatham Savings & Loan Association in Chatham, New Jersey, kited checks totaling $342,000. This highflier was brought down with a sentence of four years probation and a $10,000 fine. Alice Skidmore 39, assistant branch manager at Nassau S&L in New Jersey, made almost 50 loans to herself in the names of customers with inactive accounts. Mounting interest payments finally did her in. One year. George Morse president of Ramsey's S&L in New Jersey, pleaded guilty to issuing an $18,000 bank check in a customer's name and cashing it for himself. Morse also embezzled an additional $100,000. Two years. Eugene R. Unger 63, vice president, Fidelity Mutual in Westmont, New Jersey, bilked his thrift of some $6 million over 16 years. He covered his tracks by altering records and creating phony accounts. Awaiting sentence. Bruce M. Bloom 44, CFO of a New Jersey textile firm, got a $52 million loan by overstating his accounts receivable. The company went bust, and Citizens Savings of Providence, Rhode Island, was a victim. To be sentenced. Vladimir Kushner 38, a New York City meat and poultry wholesaler, dipped into the passbook account of an infirm neighbor and turned the money into gold coins, which he ) had mailed to himself. Kushner was sentenced to 2 1/2 years. Judy P. Crawford vice president of operations at Home Federal of Kings Mountain, North Carolina, created a false loan worth $263,350.35 and disbursed the money to her own and family accounts. Fifteen months. Richard Paul Tan 44, stole blank checks from two investment banks where he worked as cashier and deposited $430,000 in New York thrifts. Arrested while applying for a job at Shearson Lehman, he's in jail awaiting sentence. Cel Celaj 27, altered a certified check for $230 to read $230,000 and used it as a down payment on his $810,000 home. A loan officer at Dime Savings gave Celaj a mortgage for the balance. Sentence: two years. Carl Cardascia Ronald Martorelli Michael Rapp Cardascia, president of Flushing Federal in New York, and Martorelli, an assistant vice president, loaned $5 million to World Wide Ventures, a holding company, in exchange for some of its stock. World Wide said it planned to develop land in the Pocono Mountains into Jilly's Resorts, named for Frank Sinatra crony Jilly Rizzo (bottom), a major World Wide shareholder. In exchange for the loan, World Wide gave 100,000 shares to Cardascia's wife. Rapp, meanwhile, funneled millions in brokered deposits to Flushing Federal in violation of Federal Home Loan Bank Board restrictions. Cardascia, two years; Rapp, two to five. Others convicted include Lorenzo Formato (top, right), president of World Wide, five years; Anthony Delvecchio, Gabriel Peluso, and Rizzo, all World Wide shareholders, who await sentencing; chairman George Livieratos (top, left), probation; treasurer Donald Sheppard and director Mark Bateman await sentencing; nominee borrowers Anthony Maggaro, one year, Frank Nigrelli, probation, William Smith, probation, Lionel Reifler, awaits sentencing. David A. Friedmann 45, owner and CEO of Savings One in Gahanna, Ohio, pushed through a $1 million loan to a shady Miami Beach developer. Five days later, $145,000 of the loan found its way back to Friedmann. Yet to be sentenced. Charles J. Bazarian Jr. 54, chairman of CB Financial Corp. in Oklahoma City, borrowed $6 million from Consolidated Savings Bank of Irvine, California, and pledged as collateral $11 million in investor notes he knew were bad. His schemes also involved Wilshire Investment, which offered real estate tax shelters, and American Diversified Savings Bank of Costa Mesa, California. Consolidated lost at least $9.5 million. Sentenced to four years in prison. Rebecca L. Luker 50, a real estate agent, falsified collateral to borrow $10,000 from New Mexico Federal in Santa Fe. Says U.S. attorney William Lutz: ''She spent the money, and there is little to show for it.'' Four years probation. Frances K. Crooks 40, sales officer at Buckeye Federal S&L in Columbus, Ohio, siphoned away some $103,000 of the thrift's funds. Defense lawyers claimed that she was suffering ''excessive stress.'' Six months. Elizabeth James Helen Radovic Bulgarian immigrants Radovic, 66, and daughter Elizabeth, 38, used rubber checks written on various thrifts to buy luxury goods such as fur coats and jewelry. These were delivered by mail to their apartment in New York City. James was arrested while out window-shopping on Fifth Avenue. Each got two years in prison. In the future, they can apply for credit only with the permission of their probation officer. Jacqueline Harris Gary H. Lewis Harris, 25, vault attendant at Central Federal in New York, and Lewis, 25, were caught in New Jersey with the contents of a safe deposit box. Eighteen months for her; 366 days for him. Carol Lee Grimm purchasing agent for Perpetual Federal in Washington, D.C., bought $60,000 worth of office supplies from a New York vendor for $250,000 and got $15,000 in kickbacks. She also got two years probation. John Czas 42, manager of a New York City branch of First Federal of Rochester, stole $307,172 from long-term CDs, shifting money in and out of accounts to avoid suspicion. He was sentenced to two years in jail. Frederick L. Johnson impersonated his boss and cashed his $104,000 certificate of deposit at Bowery Savings Bank in New York City. Johnson was sentenced to six months in prison, followed by six months at a halfway house. Carlos R. Rivera 52, befriended a rich old man with an account at First Nationwide in New York City. Rivera began doing the man's banking for him, and when he passed on, Rivera continued to avail himself of the deceased's account. There was a significant amount left for him -- $300,000 -- since the man had not executed a will. Rivera came into the bank once or twice a week for 18 months before bank officials got suspicious. Arrested while on his way to Honolulu. Sentence: one year in jail. James Carr Carmen Clair Carr and his girlfriend Clair stole $128,798 in checks from the mail and paid holders of accounts at Dayton thrifts and banks to cash them. They are now awaiting their sentences. Ronald Koos Thomas Nevis Brian Olsvick State Federal in Corvallis, Oregon, wanted to sell an abandoned Air Force base it owned in New Mexico. Olsvick, a State Federal loan officer, lent California real estate man Nevis $12 million to buy the base -- plus $16 million for other purposes. Nominee borrowers were employed to disguise the fact that State Federal was exceeding loan limits to a single individual. With Nevis nearly broke, State Federal lent him even more in an effort to keep him from defaulting. Ultimately, the thrift collapsed. Olsvick got a year; Nevis, two; Koos, the thrift's attorney, was sentenced to 1 1/2 years. Nominee borrower Ronald Campbell got two years. Six months each for fellow nominees Jack Franks, Mitchell Brown, and Albert Yarbrow. Kenneth Derryberry 38, former vice president at Leader Federal Bank for Savings in Memphis, forged $201,931 in checks and deposited them in phony accounts. Internal security caught him. Slated to be sentenced on November 2. Richard L. McCall 51, president of a chocolate company, borrowed $1 million from thrifts and banks by overstating net worth. Willamette S&L of Portland, Oregon, lost $195,000. McCall's just deserts: six months. Laura Stawinski 32, former accounting supervisor with Spring Hill Savings & Loan in Pittsburgh, took $91,471.57 from customer accounts. She returned the dough before her indictment. Three years probation. Charles B. Madding 32, VP and branch manager of Fidelity Federal Savings of Claremore, Oklahoma, embezzled from the thrift by creating $100,000 in fictitious loans. Five years probation and restitution of $75,000. Earl E. Meyer 46, president and director of Investors Federal of El Reno, Oklahoma, obtained money through nominee loans. He was sentenced to 1 1/2 years in prison and five years probation. Restitution, $644,000. Robert McMillan 47, branch manager at First Federal S&L of Pittsburgh, created a $46,000 phony account. Got 30 days at Goodwill community treatment center and home detention. The feds are appealing for more. Fred Comunale 42, is the former president of Ellwood Federal Savings & Loan, which is in Ellwood City, Pennsylvania. He rubber-stamped $40,000 in loans to himself for which he did not qualify. Yet to be sentenced. Edward Jolly Jr. assistant regional vice president and consumer loan manager at First Federal S&L in Spartanburg, South Carolina, purloined some $4.5 million of the thrift's funds by filing fictitious loan applications. Ironically called ''Rock'' (''If you looked up Caspar Milquetoast in the dictionary you'd see Jolly's picture there,'' says the prosecuting attorney), Jolly tested his nerves by playing the futures market with the stolen money. He lost everything. Two years and nine months. Anthony DiGeronimo, George Shipman, William Walsh III Shipman, 49, a 25% stockholder in Victor Federal of Muskogee, Oklahoma, dodged limits on loans to major stockholders by giving friends money to buy much of his stake. One pal, DiGeronimo, 50, further defrauded Victor by exaggerating the price he was paying for a Holiday Inn and pocketing the extra loan proceeds. DiGeronimo got 1 1/2 years, as did Walsh, 38, who pulled a similar scam. Shipman got nine. Janet Lawler 47, branch manager of Far West Federal in Portland, Oregon, borrowed money in the names of Far West customers, paying each loan off with another. She amassed $510,000. Awaits sentence. James Irvine IV 31, assistant manager, Commonwealth Federal in North Wales, Pennsylvania, stole $200,000 by ordering cash for the bank vault, recording lower amounts, and pocketing the difference. Eighteen months. Robert S. Candee 38, entrepreneur, wrote himself $470,000 in checks drawn on accounts that he and his wife had already closed. Two Rhode Island financial institutions lost $72,000 in the scam. Sentence: one year in jail. Darlene Peters 51, vice president at the Britton branch of First Federal Savings of Watertown, South Dakota, created a fictitious loan to the county treasurer's office and spent the money herself. One year. John R. Gaustad 36, head of Midland Mortgage Co. in Bismarck, North Dakota, financed fictitious mortgages through First Federal of Huron, South Dakota. The money went to shore up Midland. Sentence: 37 months. Jerry A. Laughlin Robert G. May Laughlin, senior vice president, and May, vice president, of Home Federal in Albany, Oregon, falsified loan sales records to embezzle commissions. Five years probation for each. James Piersoll III 26, a borrower at Peoples Savings Bank in Martin's Ferry, Ohio, falsified loan applications that totaled $142,059. Sentence: three years and one month in jail, three years probation, and full restitution of funds. Martin Vickers 43, former vice president of Gill Savings in San Antonio, used bogus borrowers to raise some fast cash to play the stock market with his friend John Magan, 56. Vickers set up five straw-man loans at the thrift totaling $270,000. The two were exposed when the market washed them out. Vickers was convicted of making false entries and fraudulent loans, and sentenced to five years in prison. He was also ordered to make full restitution. Magan has been indicted and awaits trial. James P. McClain 44, was president of First American Capital, a real estate subsidiary of San Angelo Savings & Loan of San Angelo, Texas. He and an associate split the proceeds from falsely inflated loans that were built up through a series of land flips. McClain filed for bankruptcy when he couldn't repay loans worth some $138 million. He was convicted of conspiracy to commit tax fraud and failure to report $2.3 million in income on the land flips. He is awaiting sentence. THE VERNON SIX It takes a special effort for one group of felons to stand out in a crowded field. But these guys had the wrong stuff -- in spades. Woody F. Lemons (right), 44, chairman of now-legendary Vernon Savings & Loan Association of Dallas, earned the spotlight the hard way: He stole it. Lemons led his band of thieves on a merry chase that few will ever match for sheer cupidity, not to mention stupidity. When Vernon finally failed in March 1987, it held a portfolio of loans that were 96% delinquent. Lemons was nailed for arranging an inflated loan to buy and develop property in Arlington, Texas. Half the $3.5 million loan was slated to make its way back to his pockets, prosecutors charged, though ultimately only $200,000 did. Lemons then tried to hide the money from bank examiners by disguising it as ''consulting'' fees. His sentence: 30 years. Patrick G. King, 50 (left), Vernon's president, conspired with Pat Malone, 47 (bottom), president of Vernon's Dallas division, to reimburse his officers for $55,000 in political campaign contributions made with Vernon funds. Before ! he joined Vernon in 1983, King had been director of regulatory supervision for Texas S&Ls. Malone got three years probation and was ordered to repay the $55,000. King got five years and must pay $65,000 in restitution. Then there are Vernon's slippery customers. Jack D. Atkinson, 54, a Dallas real estate developer, failed to mention when he applied for a loan that part of the money would go to pay rent on a beach house in Solana Beach, California, which was frequented by a senior Vernon official. Over three years Atkinson paid rent of some $600,000. James R. Veteto, 53, president of a Vernon subsidiary, was also privy to the scheme. Each man got a year. Laurence B. Vineyard Jr., 41, a local businessman, had been paying other debts and expenses with a $12.7 million loan from Vernon since 1984. In June 1986 he used $2.6 million to pay $1.4 million in cash for a house in Dallas, to set up a trust for his kids, and for other personal expenses. Vineyard, who claimed the loan was for a stock purchase, was convicted of misusing the $2.6 million, ordered to pay it back, and sentenced to five years in prison. He is also serving a consecutive five-year sentence for a 1987 fraud conviction involving Key Savings & Loan of Englewood, Colorado. Jerry Powell chairman and part owner of Sentry Savings of Lubbock, Texas, falsified documents in borrowing $2.7 million. Powell kept $100,000 and used the rest for interest on a real estate loan. Awaits sentence. Robert E. Savage 40, chief financial officer of Caprock S&L of Lubbock, and others laundered $1.5 million to help mask the thrift's capital inadequacies. He was sentenced to five years probation and $70,000 in restitution. Paul Sau-Ki Cheng and Simon E. Heath Cheng and Heath, both 36, were co-chairmen of Dallas's Guaranty Federal S&L. They used a false letter of appraisal in borrowing $10 million from the thrift on property in Jacksonville, Florida, allegedly worth $11 million. Cheng was convicted on ten counts including conspiracy, misapplication of funds, bank fraud, and wire fraud. Heath was convicted on 11 counts. Not yet sentenced, they face maximum penalties of 70 and 80 years, respectively. Jimmy R. Hoffman 46, was a CPA and senior partner at Hoffman Raisch Fine & Co., a New York accounting firm. In 1986, Hoffman entered into a partnership agreement with executives at a real estate subsidiary of Independent American Savings of % Dallas. The group conspired to backdate documents to create $1.6 million in phony losses. Hoffman was convicted of creating a fictitious tax return. He awaits sentencing, which is being transferred from a Texas court to New York. John H. Roberts Jr. 44, chairman of Summit Savings Association in Dallas, bought himself an airplane by means of a nominee loan. The judge deemed the action decidedly unbankerly and flew Roberts off to jail for five years. Gregory C. Daley 39, was president of Richardson Energy, a subsidiary of Richardson Savings & Loan of Richardson, Texas, but apparently he didn't have enough to do. He ran a personal wildcatting business out of the company's office. Daley used a line of credit at the energy company to finance his operations and charged expenses to the S&L. Though the statute of limitations had run out on most of his financial finagling, he was still sentenced to two years and fined $5,000. Allen W. Salah 29, was involved in a complex kiting scheme between Texas thrifts. His financial irregularities were uncovered only because the FBI was investigating Salah's automobile export practices. Thirty months. Gordon G. Melcher 62, a director and loan committee member at Irving Savings Association in Irving, Texas, pleaded guilty to wire fraud and to causing false statements to appear in Irving's records. He got a six-month sentence. Davey J. Hilling an engineer and contractor from the Pacific Northwest, bought control of Irving Savings Association in Irving, Texas, in 1983 and promptly ran it into the ground. He was convicted, however, of lending $2.7 million to a friend to convert an Idaho potato warehouse to grain storage. The friend paid off a $1 million mortgage on the spud sheds and passed $1.4 million back to Hilling, who used some of it to liquidate his own debts. He is appealing his five-year sentence. His pal got off. Donald Robinson 27, a borrower at Sunbelt Savings of Burkburnett, Texas, forged checks. He got away with two for under $10,000 and one for $49,000. But he was nabbed when he went for $522,000. Fifteen months and a $3,000 fine. David R. David 36, a lawyer, was part of a group that borrowed $16 million from Western Savings of Hurst, Texas, supposedly to develop land. Instead, they paid off $64 million in delinquent loans. Not yet sentenced. Gary Lee Fradd Wade Patrick Hogan Hogan and Fradd, both 39, sold mobile homes in the west Texas oil patch. Andrews Savings & Loan near Midland financed their inventory of 31 homes. But the thrift didn't demand their certificates of title as collateral. So as the two merrily sold their inventory, they neglected to pay Andrews back. After missing several interest payments, they admitted that their financial statements were a mirage. By then, Andrews was out $572,562.68. Three years each. James M. Holbrook a director of Summit Savings of Dallas, took $37,400 out of a customer's account in 1984 to make a payment on a Lear jet that had been leased by Summit's owner. He is awaiting sentence. Pamila Genene Davis 30, an account manager at a subsidiary of Bank Plus Savings of San Antonio, embezzled from escrow accounts. That theft triggered losses estimated at $102,000. Two-and-a-half years and $98,000 in restitution. Bennett L. Rosenthal Ralph E. Strader Mary Jane Wilson Strader, 51, and Rosenthal, 33, real estate developers in Houston, and Wilson, 58, their office manager, got a $17 million development loan from a local subsidiary of Sunbelt Savings. To get their hands on the money, the trio submitted invoices for architectural work from fictitious companies they set up, complete with mailing addresses and letterheads. Ten years for the two men; five years probation for Wilson. Kenneth C. Hood 45, vice president of Western Savings Association of Dallas, made a false statement in connection with an $11 million loan he took out from -- you guessed it -- Sunbelt Savings. Five years probation. Robert Bourgeois and Richard Crowe Crowe, 47, chairman of a real-estate-related subsidiary of Independent American Savings in Grand Prairie, Texas, and Bourgeois, 37, the subsidiary's vice president, backdated a limited partnership agreement. They also filed tax returns that included this false information. The backdating was part of a complex real estate scam that netted Independent American some $8 million in profit. The two conspirators are awaiting sentence. Andrew J. Archuleta 44, owner with L. Scott Moore (right) of a Dallas construction firm, falsified invoices to mask the costs of a home he built for Joseph Smith, a loan officer at Sunbelt Savings. Three years probation. Neil Digiammatteo operating partner for Lafayette Square, a troubled Texas-size shopping mall, % made false statements while trying to refinance a $4.3 million loan from Commodore Savings of Dallas. Six months. Carl Gerjes 48, president of Delta Savings of Alvin, Texas, skimmed roughly $90,000 from commitment fees on $225 million in loans and used the money to pay bonuses to himself and a select circle of officers. Outside auditors had discovered this fraud. But Gerjes, according to the prosecuting attorney, had fended off the thrift's regular auditors when they raised questions about the bonus account. Five years probation and $68,800 in restitution. L. Scott Moore 45, Archuleta's sidekick, was also entangled with Sunbelt's Joseph Smith (right). He agreed to accept a secret transfer of $125,000 to help Smith hide his income from the IRS. He is awaiting sentencing. Richard Brevik 47, assistant VP with Alamo Savings of San Antonio, took a $65,000 bribe in connection with a $1.2 million loan to developer Ray McMinn (see next page). Four years and $463,000 in restitution. Susan Petr Hulon a Texas real estate company owner, was nailed for significantly undervaluing her possessions when she filed for bankruptcy. San Angelo Savings was one of her bilked creditors. Four years. Joseph R. Smith 35, Sunbelt Savings' ubiquitous loan officer, altered bank documents to hide his thrift's sorry state from regulators. The IRS also nailed him for not reporting the income Scott Moore tried to help him hide. Ninety days. John Endicott 46, owner of a Houston truck repair business, used phony invoices to get loans, which served as collateral for more loans. The total: $2 million. Worst hit was Houston's Home Savings. Five years and a $40,000 fine. Louis Rochester stockholder and board member of Odessa Savings of Odessa, Texas (flanked at left by his lawyer and his wife, Lois), pushed a $7.2 million real estate loan through his bank for a business partner, who was never charged. Soon after the loan was approved, the two men signed an agreement to buy the property together. Rochester was convicted of providing false entries and misapplying bank funds. Five years probation, a $10,000 fine, and $7.2 million in restitution. Leo J. Niekerk 43, a developer, received a $3 million commission for selling some land financed by Sunbelt Savings. To shake off the IRS, he altered documents to make that fee appear to be a loan. Five years. James Eakins David Gonzalez Leo A. Ladouceur Eakins, 45, a vice president at Surburban Savings in San Antonio, and stockholders Ladouceur, 37 (right), and Gonzalez, 34, borrowed $3.4 million from the thrift -- $1.2 million more than they needed for their stated purpose of buying real estate. The trio also orchestrated land flips that cost Surburban Savings more than $1 million. Ladouceur got 40 months; Eakins, 33 months. Gonzalez is awaiting sentence. Mildred Mallet 50, vice president at First Savings of Orange, Texas, embezzled about $600,000. Appearing in court in a wheelchair, she was whisked off to serve six months in jail. Mallet also received up to five years probation. Ned L. Ayers Donald Baucum Raymond McMinn Patrick Rosenauer Ayers, 53, VP of Alamo Savings of San Antonio, and attorney Baucum, 44, conspired with Rosenauer, 42, a VP at another bank, and McMinn, 38, a local real estate developer, in a land flip scam. The loans generated were used to cover other business and personal expenses -- and to pay kickbacks, such as $100,000 that McMinn gave Ayers. They each got ten years; Rosenauer, four years; Baucum, five years probation. Bert Barton and Wallace Drayton These two cost Washington Federal of Seattle over $500,000. Drayton, 47, was a VP and loan officer at the thrift, one of the strongest in the state. His friend Barton, 43, owned Metroplex Fund Ltd., a loan broker. To grease the way for dubious borrowers to get $600,000 in loans, Barton gave Drayton a 10% kickback. The checks were made out to Billy Rose, an alias Drayton fashioned after his wife's maiden name, Billie Rose. Each was sentenced to a year and a day. Merrick Leler and Vijay Parekh Leler, 38, senior vice president of Lamar Savings of Austin, Texas, conspired to make false entries in the thrift's records. To boost their thrifts' net worth, they warehoused assets with big borrowers until a legitimate buyer came along. Result: a loss of more than $11 million. Parekh, 59, Lamar Savings' vice chairman, was involved in a scheme to misuse nearly $16 million of the thrift's funds. He got five years probation and a $100,000 fine. Leler is awaiting sentencing. Jeffrey L. Perdue 43, vice president of U.S. Credit Corp. of Virginia Beach, a home equity loan broker. To keep local thrifts as eager customers for his packages of loans, Perdue covered up defaults. The S&Ls lost $2 million. Two years. Melvin G. Heide 61, a Seattle real estate developer, got overextended in the early 1980s. He made fraudulent statements to Shoreline Savings to get loans. The thrift's eventual loss: nearly $800,000. Three years. John Harrell E. Morten Hopkins Robert Hopkins Jr. Robert Hopkins, 59, chairman of Commodore Savings in Dallas (top), brother Morten, 50, vice chairman, and CEO John Harrell, 56, (bottom) used bank funds to make illegal political donations to federal, state, and local candidates. They made false entries in Commodore's books to deceive examiners and used as conduits two other financial institutions the brothers controlled. Fifteen years for big brother Hopkins; five for the other two. Robert Crump, Richard Randall, Jack Roberts Crump, 46, and Randall paid Savings of Texas vice president Roberts $100,000 to get a $3.5 million loan. The defendants claimed they lent Roberts the money to set up a golf club repair shop. As far as the jury was concerned, that landed them short of the green. Crump got five years and $1.5 million in restitution; Roberts, three years and $1 million. Both are appealing. Randall pleaded and got six months. Roy C. Marshall 50, president of Lee Savings in Austin, believed in fast service. On the day his bank approved $365,000 in loans to two borrowers he received kickbacks from same. Three years and $500,000 in restitution. Charles W. Kriegel 50, a director of Austin's Lee Savings, took a $100,000 kickback for helping a close business associate get a $2.4 million loan. The sentence he received: three years and a fine of $250,000. Habib G. Hakim a Virginia condo developer, told buyers he put their down payments in escrow. But when his costs overran, he spent the money. Three years probation along with restitution of $417,938.50 to the condo buyers. Joseph Casperone Francis Clark Clark bought 202 acres near Fort Worth for about $8 million. He and Casperone sold the land to limited partners who filed fraudulent loan applications to Investex Savings of Tyler, Texas. An appraiser in cahoots with the pair valued the plots at more than $42 million. Investex Savings lent over $33 million and went broke when the partnerships defaulted. Clark got eight years and agreed to repay $11 million; Casperone, six years and $3.5 million in restitution. Sharon Baskerville 35, was a branch manager at First Colonial Savings in Dinwiddie, Virginia. From 1984 until she was caught in January 1990, she diverted $4 million from 106 customer accounts, principally cash that they paid for CDs. Roger Frydrychowski, the U.S. district attorney who handled her case, says that she splurged on, among other things, more than 100 Hummel figurines and clothes she stored in her attic with the tags still on them. Her fraud severely damaged the S&L. Her sentence: nine years, nine months. Angelo J. Celesia Jr. Gilbert E. Holt Jr. Real estate developers Holt, 38, and Celesia, 42, raised money by kiting checks among several Virginia thrifts. In a single day in 1989 they deposited six checks for $410,000 at three Norfolk-area branches of Investors Savings. As established customers, they got immediate credit. But when the thrift noticed they were withdrawing $250,000 the next day, alarms bells went off. Virginia's Trustbank Savings lost $610,000. Not yet sentenced. Aaron Angle David Hess Angle, 28, a loan officer at Guaranty Federal in Dallas, filed false documents in support of a home loan application from attorney Hess, 41 (right). They submitted a photo of a two-story Austin house along with an inflated appraisal; the property Hess actually owned was an empty lot down the street from the house in the picture. Hess ended up pocketing $138,000 in surplus loan proceeds, minus a $15,000 commission for Angle. Hess was sentenced to one year, Angle to 1 1/2. James E. Angel 54, owner of Angel Manufacturing of Fort Worth, submitted over $1 million in phony invoices to Texas American Bank/West Side. The thrift lost $500,000. Sentence: five years and full restitution. Barry S. Gillingwater 47, a major Austin real estate developer, participated in a $9 million kickback scheme in order to finagle loans from Sentry Savings of Lubbock, Texas. Gillingwater will be spending three years in prison. Donald Lasater 39, double-pledged his imported cookie business as collateral for loans. When he went bust, American S&L of Salt Lake City ate $273,000; another Utah thrift swallowed $65,000. Awaits sentencing. Eve Freedlander 63, was senior executive vice president of Freedlander Inc. (''The Mortgage People''), which made and serviced home equity loans. At its peak in 1986, Freedlander was the fourth largest such firm in the U.S., operating in 33 states. After making loans, Freedlander sold them to other investors, hiding the fact that as many as 25% were delinquent. Fannie Mae, for one, bought some $215 million of loans and has filed a $20 million civil suit against the bankrupt outfit; the case is pending. Says Stanley Joynes, lawyer for about a dozen aggrieved investors: ''The feeling has been all along that the company was a house of cards that collapsed.'' Freedlander, who filed for bankruptcy in 1988, is awaiting sentence. She could receive up to 15 years in prison and $750,000 in fines. Frank Butler III and Owen Thornton Butler, 54, attorney for Landbank Equity in Virginia Beach, and accountant Thornton, 36, concealed delinquencies and inflated property values when they sold home equity loans to thrifts. Thirty-seven S&Ls lost some $45 million. Butler has begun serving an eight-year sentence; Thornton, six years. Landbank CEO William Runnells and wife Marika are on trial. They fled after they were indicted, but Runnells was found in Texas -- working as a hypnotist. Mary Lynne Smith 42, head of a title company, provided false policies for real estate backing $3.7 million in loans from a Houston S&L. Her partner killed himself in jail before he could be tried. Five years and a $10,000 fine. James Meriwether Richard Semrad Semrad, 42, a broker who led seminars on how to buy real estate with no money down, duped Republic Savings & Loan of Milwaukee with colleague Meriwether, 43. How? Simple. They said Meriwether had made a down payment when he actually had not. When he couldn't make the payments on the loan, the scheme was exposed. The estimated loss to Republic was $25,000. Semrad has been sentenced to six months in jail; Meriwether got six months on probation. Charles A. Topalian 37, branch manager at Great American Savings in Bellevue, Washington, liked to play the commodities market. Awakened last March by a margin call, he cashed checks at his branch on some of his accounts at other banks and used the money to cover his shortfall. He then withheld the checks from the interbank deposit so that they did not clear. By the end of the month he was wiped out in the commodities market and found out at the job. His employer lost about $300,000. Fifteen months. B. Paul Romero % 45, vice president of a subsidiary of Guaranty Federal in Dallas, persuaded his parent company to grant a $10 million loan on property that prosecutors said was ''grossly overvalued.'' Three years. Jean Marie St. Gelais 55, a Canadian, set up seven oil and gas limited partnerships in Houston. He borrowed $15 million from Anchor Savings & Loan in Kansas City and Crossland Savings in New York, purportedly for drilling and exploration, and got backing for the loans from insurance companies. He used some of the money to buy a penthouse in Houston and to pay off old debts. St. Gelais was sentenced to 24 years in prison, fined $1 million, and ordered to pay more than $13 million in restitution. His son, Denis, is still a fugitive. James Scarborough 49, a developer, bribed retailers to sign fake lease commitments. He then used these to get a $3 million loan to build a shopping mall. Milwaukee's First Federal Savings lost $1 million. Three years. | |||||||||||||||||
Tuesday, February 18, 2014
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