Looted Nation ….. The Sleeping Masses


Get Rich Quick in  Schemes Scams and Frauds  the  DNC /  RNC   Way

The   BUSH  and  Clinton   Bankster  Gangsters

The Fact is the CRIME WAVE started a very long time ago. LONG BEFORE MERS , Taylor Bean & Whitacker, Select Portfolio Services, WAMU, Countrywide and Bank Of America etc etc ….. Land Fraud | Cochise County

Land Fraud. Land Fraud. Every … Every Arizona county and hundreds of thousands of trusting land … Florida was not far behind and many states had similar swindles …
Land Fraud | Cochise County


Every Arizona county and hundreds of thousands of trusting land purchasers were victimized by the rampant land scams of the 1960’s. Artist renditions showed trees and lakes with boating and all the modern facilities: streets, street lights, golf courses, a…



Bill Clinton Gives Lecture At Georgetown University

WASHINGTON, DC – APRIL 21: Former U.S. President Bill Clinton speaks at Georgetown University April 21, 2015 in Washington, DC. Clinton delivered the third part of a four part series of lectures he is giving on the topic of “Purpose” – how a clear and inclusive sense of purpose can drive a life of service. (Photo by Win McNamee/Getty Images)



Where oh where did all the Trillions Vanish To ???? Who’s Got all that PIZZA / Dough / Bread …….. I KNOW ……. You can NOT do Derivatives and Foreclosure Frauds ….. You can NOT do the Mortgage Subprime Schemes or Bank / S&L Lootings without the SUBDIVISIONS, BUILDING LOTS, and the Houses ….. None of it works with FRAUD ON THE FRONT END ….. https://duckduckgo.com/?q=Looted+Trillions++Paul+Friggens++the++King+of++Arizona++Land+Swindles&t=hs&ia=web

The Never Ending Friggen Story


AUTHOR’S  UPDATE  10/21/2016

NOTICED FDIC and 334th State District Court Houston TX Et Al

3:58 PM (1 minute ago)
to EFOIA, legal, ighotline, Danielle, RAWILLIAMS, aliturner, Lise, sarahd, consumer.compl., news
The Western Banks when SELF PROCLAIMING Insolvency controlled, owned, operated and HID an EXTENSIVE and PRESTIGIOUS LIST of vast Real Estate and Financial interests that spreads from Zurich and Zugg Switzerland, Britain, Africa the Middle East and all across America. RLG Realty Holdings remained in ownership of the Western Banks Addresses in Harris County for many years AFTER staging the FAKED Insolvency of it’s Western Banks.
As I have given NOTICE to the State of Texas and the 334th State District Court the Lawyers for Western Bank / RLG Realty Holdings / the FDIC and the State Banking Commission concealed from Judge Russell T Lloyd and Myself the true nature of the mega wealth Western Banks principles, investors, insurers and others retained during and after the FAKED INSOLVENCIES.
I have begun to collect the Government Records and other Data which reveals the enormous fraud upon the Court perpetrated by SEWELL and RIGGS Western / FDIC’s lawyers along with FDIC itself.
This is additional NOTICE TO THE COURT of the FRAUD UPON THE COURT in case number 1986-17930 Witham Vs. Western Banks
Judson Witham
Pro Se


Bing is a search engine that brings together the best of search and people in your social networks to help you spend less time searching and more time doing.

Dedicated to Harreal Blackshear and the FBI that were running WESTERN BANK HOUSTON and all those Weapons Traffickers at Gulf Manor Airport, JoAnna King and the Charlie Wilson War MAFIA at Baker and Botts. Notable mention to US Secret Service Agent Rick Williams ( Woodlands TX ) and the Montgomery County Mafia ( Nelda Luce and Marcus Winberry Conroe Tx City Attorney)

From  MENA to HOUSTON,   Roland Carnaby’s  Grave, Barry Seal , Air America to The World Trade Centers,  SECRET  CLINTON  WEAPONS  TRAFFICKING and the BANKSTERS Financing It ALL

8.5 TRILLION Unaccounted For at DOD

NOTICE   THE  DATES   ……..   https://web.archive.org/web/*/http://www.geocities.com/jurisnot

That will be  Buying Lots of  Elections

The  Federal  Reserve can’t account for 9 TRILLION  and  the  Nation has been looted  for  MANY MANY MANY  More  Trillions than that

GULF  MANOR  AIRPORT  and  the  Galleria  BCCI  Crew  ……  Imagine  That  FBI   ……   The Bin Ladins  and  Ellington  AFB  ……   Charlie  Wilson’s  War  and  the  Octopus  to  less   OLD  Roland  Carnaby   KNEW    ……   TRILLIONS  LOOTED  ……   The  Gangster Bankster   PAPERS   ……    The  Rabbit  Hole  is  IMMENSELY  DEEP  …….   http://www.bing.com/search?q=bank+looting+land+fraud+toxic+zombie+swindles&qs=HS&pq=bank&sk=HS1&sc=8-4&sp=2&cvid=1BD325CCC5F7488C88E79221F0CF5AFA&FORM=QBLH

The Nation Has Been VASTLY Looted for Many Many Many Trillions

The States and USA Inc. are a JOKE a crooked Bought and Paid For JOKE ….. Like the Bushs, Clintons and Obamas  etc etc  et al


1999 – 2000 Hmmmmm I wonder where Occupy, WIKI-LEAKS, ALEX JONES, Whistleblowers United and Like Bernie and Warren where HIDING ?  Must have been IN BED with the Clintons and Bushs …… BOA …… Et Al ………. Dirt Dealing and Campaign Financing and ORGANIZED CRIME ….Hello US DOJ and FBI and US Treasury …..


 From almost 17 Years ago I found an Old Version Cache and Archived ….   http://web.archive.org/web/20011110142547/http://www.geocities.com/jurisnot/

Restoring The Bill of Rights One Website at a Time


I sure started some shit huh LOL …….http://www.bing.com/search?q=Speculation+Fraud+Bank+Looting+Land+Swindles&qs=n&form=QBLH&pq=speculation+fraud+bank+looting+land+swindles&sc=0-18&sp=-1&sk=&cvid=0daa9d2c3ce5470a98a1a5f64b2c9a7d

SEND THE MFRs this The GOD DAMNED CRIMINALS ……. http://www.bing.com/search?q=Speculation++Land+Fraud++Bank+Looting&qs=n&form=QBLH&pq=speculation+land+fraud+bank+looting&sc=0-2&sp=-1&sk=&cvid=ea5c7ccc9f544660a2a9ce0ecf89412c





Billions Vanished ……. http://www.bing.com/search?q=toxic+zombie+illegal+subdivisions+land+fraud&FORM=AWRE. …

When  I  began  the  current  Revolution  back in 1982  ……  Great  Numbers of  People were  SLEEPING  …….   Now   NOT  SO  MUCH   ………   http://www.bing.com/search?q=Land+Swindles+Government+Collusion++Bank+Looting&qs=n&form=QBLH&pq=land+swindles+government+collusion+bank+looting&sc=0-15&sp=-1&sk=&cvid=e790ee52978a421fa1d7afc23473d793

VAST Real Estate Crimes America Looted

The Continuing “TWISTED” Saga of – The Looting of America




THIS  SHIT  IS  REALLY  REALLY  REALLY    DEEP   ……….    https://toxiczombiedevelopments.wordpress.com/the-greatest-texas-bank-job-the-paper-con-job/

Superior Courts of Los Angeles Served!!!


whoo hoo!!! LA has their shit together, this is groundbreaking!! Where are the views!!!! I love this!!! Yea, we the people are the ones who make the final decision, where did this logical way of thinking go, what happened to us,. I am glad we’re getting back on track!!

CRIMINALLY CORRUPT – Eric Holder, Top DOJ Lawyers Were Partners With Big Banks (Reuters Investigation)http://dailybail.com/home/criminally-corrupt-eric-holder-top-doj-lawyers-were-partners.html

  U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows……..

Judson Witham <jurisnot@gmail.com>
4:26 PM (9 minutes ago)

to Office, fbi.dallas, Houston.Texas, stephanie, linda, Bobby, ffetf, MARK, M.R.C., Paul, Ron, TIFFANY, Benjamin, Ken, JAMES, James, John, Thomas, Executive, Insurance, Robert, Laser, Bobby, ISLAND, ROBERT
I’ll bet Liberty Broadcasting Knows
Huh Curt

Sent: Friday, March 22, 2013 4:13 PM
Subject: Flies in the Butter

TRILLIONS Have Been Swindled and Real Estate is at the CORE OF IT …
Ask MERS and Ask Eric Sneiderman

Ask The FBI, US Postal and the US Secret Service / Treasury

The Great Texas Bank Job

So I’m thinking Conroe, Texas was INFESTED with Illegal Realty Transactions Connected to Financing Agreements and Bank Loans for Unlawful Real Estate Sales. Many Many Many Millions of these Swindles have been revealed all across the United States and IN FACT the Subprime Deals are Greatly Infamous. The Perps of these Illegal Realty Deals almost always provided an Address with which to MAIL in Payments and as is OBVIOUS Used the Mails and Such to engage in the other Transactional Aspects of Collecting Installments and Noticing on Collections and Court Matters during Foreclosures. It would seem the US Postal and Banking Systems were ALL integral to the Criminal and otherwise Fraudulent and Illegal Realty, Insurance, Banking and Lawyering connected to it all.

WHISTLE-BLOWER Witham was He ever Paid ???

1. http://www.bing.com/search?q=MERS+AIG+WaMu+Countrywide+BoA+Banksters+Witham&go=&qs=n&form=QBRE&pq=mers+aig+wamu+countrywide+boa+banksters+witham&sc=0-0&sp=-1&sk=

2. http://www.bing.com/search?q=Banksters+Witham&go=&qs=n&form=QBRE&pq=banksters+witham&sc=0-0&sp=-1&sk=

3. http://www.bing.com/search?q=Illegal+Subdivisions+Colonias+Witham&go=&qs=n&form=QBLH&pq=illegal+subdivisions+colonias+witham&sc=0-20&sp=-1&sk=

4. http://www.bing.com/search?q=Subprime+Loans+Illegal+Subdivisions+Colonias+Witham&go=&qs=n&form=QBRE&pq=subprime+loans+illegal+subdivisions+colonias+witham&sc=0-0&sp=-1&sk=

5. http://www.bing.com/search?q=Bank+Fraud+Illegal+Subdivisions+Colonias+Witham&go=&qs=n&form=QBRE&pq=bank+fraud+illegal+subdivisions+colonias+witham&sc=0-0&sp=-1&sk=

6. http://www.bing.com/search?q=MERS+AIG+WaMu+Countrywide+BoA+Banksters+Witham&go=&qs=n&form=QBRE&pq=mers+aig+wamu+countrywide+boa+banksters+witham&sc=0-0&sp=-1&sk=

When Hundreds of Billions in Real Estate Swindle Related Frauds have been OBVIOUSLY reported to the State and Federal Governments through FBI, Secret Service, US Postal Inspections and that information is accurate and results in VAST Legal Settlements from the Perps …..

I thought Whistle Blowers were entitled to a REWARD for exposing the Corruption ???
WHISTLE-BLOWER Witham was He ever Paid ???

SEND THE MFRs this The GOD DAMNED CRIMINALS ……. http://www.bing.com/search?q=Speculation++Land+Fraud++Bank+Looting&qs=n&form=QBLH&pq=speculation+land+fraud+bank+looting&sc=0-2&sp=-1&sk=&cvid=ea5c7ccc9f544660a2a9ce0ecf89412c

SEE …….

Woodlands, Conroe, Harris County, Montgomery County, Land Swindles, Bank Looting …….. NOTICE THE DATES ……. http://search.gmane.org/?query=Judson+Witham&group=gmane.culture.discuss.cia-drugs

It’s where I exposed BILLIONS in Land Swindles ………http://www.voy.com/129276/10/908.html

Date Posted: 22:21:55 12/05/07 Wed
Author: Judson Witham

I thought Whistle Blowers were entitled to a REWARD for exposing the Corruption ???
WHISTLE-BLOWER Witham was He ever Paid ???

NOTICE  THE  DATES  1987  and  the  Story started  5  Years  earlier

Some of the subdivisions have plats recorded with the county as required by state law. Others – about 600 – are unrecorded or “red flag” subdivisions that do not meet county road and drainage standards and have no plats, or plans, filed.

Crooked Developers & Banking Collapse

Date: MON 06/22/1987
Section: 1
Page: 10
Edition: 2 STAR

Resident’s crusading `fans fire’/Subdivision’s critic outlines difficulties


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.

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.

Five years later, the 30-year-old disabled construction worker who refers to Pinewood Village as “The Tiger Mosquito Ranch” was sitting in a jail cell, accused of threatening to kill Vice President George Bush and an assistant Montgomery County attorney over his subdivision woes.

“It was character assassination,” bellowed Witham, who claims he never threatened to kill Bush or the assistant Montgomery County attorney, Marc Winberry.

“I got angry at Mr. Winberry. Very, very angry. But I don’t think I threatened to kill him. I said something like `This just got personal and I’d like to rip your head off your shoulders.”‘ Witham said Winberry laughed at him during the telephone conversation, a claim the attorney denies.

“The last thing I wanted to do was do anything to contribute to his highly agitated state,” Winberry said.

Prosecutors said they dropped the third-degree felony charge of retaliation on condition that Witham “go forth and sin no more.”

As for the allegation that he threatened Bush, Witham said he was nervous and angry when he called Houston’s FBI office at 3 a.m. one night in November 1985 after his family was harassed by unknown motorists in a jeep.

“I started telling the FBI person about the problems out here and said if the vice president was being unfairly subjected to what my family and others in this county have been subjected to in Pinewood Village, they’d be all over it. They misunderstood me. I asked `What would you do if I threatened to kill the vice president of the United States?’ Next thing I know, they’re coming to get me.”

The federal charge against Witham was also dropped on condition that he undergo mental analysis.

Witham says he underwent a mental evaluation at Houston’s St. Joseph’s Hospital. “They wanted to see what made me tick. The psychiatric evaluation showed that all areas of my life were in normal parameters, except for the situation with Pinewood Village.”
Witham said he invested $50,000 building a two-story home on land that cost him $27,000. “It’s appraised at zero,” he said. “I couldn’t sell this subtropical swamp if I wanted to.”
He has lawsuits against the subdivision’s former financier, Western Bank on Westheimer; one against the county, its commissioners and county attorney; and another against American Title Insurance Co. whose licensed agent, the now defunct Eagle Title Co., issued title opinions on the land.

Witham accuses the county of turning its head from developers who skirted county subdivision regulations, a claim that has put him at odds with several Montgomery County office holders.

“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.”

During a 1986 session of Commissioners Court, Witham plopped a jar of water in front of commissioners, challenging them to a “not so refreshing drink fresh from a Pinewood Village tap.”

He exhibits pictures of potholes in Pinewood Village, their widths and lengths duly noted.
“He definitely fans the fire. He keeps it going day and night,” said the subdivision’s developer Donald Clesson. He added that he doesn’t always appreciate the manner in which Witham draws attention to the subdivision.

County officials agree.

“I feel sorry for his situation, but he goes about things the wrong way. He wants to blame everything on the county and that’s not where the fault lies,” said a county official, who requested anonymity.

Counters Witham: “I’ve had a hell of an education and made my mistakes. But my only motivation is putting a stop to Pinewood Villages. I don’t think it’s right for anyone to be defrauded, especially in the purchase of a family home. That’s the sanctity of the family. It’s like people stealing candy from babies.”

Date: SUN 06/21/1987
Section: 1
Page: 1
Edition: 2 STAR

POTHOLES & PROMISES/Montgomery County’s crumbling subdivisions/ Homeowners handle property woes


Polish immigrant Steve Szladewski’s ruddy complexion grows redder as he rattles off the sales pitch that led him to buy property in the Shepard’s Landing subdivision in Montgomery County.

Former astronaut Alan Shepard, the subdivision’s developer with former Houston Mayor Louie Welch, was to be his next-door neighbor, a salesman bragged. Szladewski’s land, though bordering the San Jacinto River, was unlikely to flood. And the horseshoe-shaped road winding through the subdivision would be paved.

“Alan Shepard didn’t move next door. A guy from New Jersey bought that lot,” said Szladewski, a small, gray-bearded man who struggles with his English.

The road also failed to materialize, and on one occasion, Szladewski anchored his tiny clapboard house to two large oak trees to save it from being swept away by the rain-swollen river.

“In Poland, I learn people in America help each other. But in America, I learn sometimes they say things so you buy.”

Szladewski is not alone. Shepard’s Landing, developed in Montgomery County’s real estate boom of the late 1960s through early 1980s, is one of hundreds of problem-plagued subdivisions that have come back to haunt the county and its residents during the bust.
They are speckled throughout the county’s dense pine forests, the legacy of a ripe economy gone sour. In many instances, they are the handiwork of unscrupulous developers who skirted the county’s rules to make a fast buck.

Some developers, however, say the county is to blame for encouraging development without spelling out or enforcing any restrictions.

Some of the subdivisions have plats recorded with the county as required by state law. Others – about 600 – are unrecorded or “red flag” subdivisions that do not meet county road and drainage standards and have no plats, or plans, filed.

All of them hold disgruntled, heartbroken homeowners with similar stories:

When Mike and Pam Jordan purchased five acres of land in The Wilderness subdivision off FM 1488 for $21,000, they were told there would be no problem in getting basic services such as electricity to their wooded lot.

“But we found out it really was the wilderness,” said Jordan. The only access to their trailer home is a narrow, muddy gas pipeline easement. No electrical easement to his property exists. The couple lived by a gas lantern for several months and had to pay $2,000 to run a wire through the woods and hook up with an electrical line. Their utility bills run double as a result.

In the recorded Park Place mobile home subdivision near Magnolia, the streets are named after those in the popular board game, Monopoly. But the similarity stops there, says resident Pat Wuensche, whose back yard on West Boardwalk is mushy with sewage.
Thirty families have joined the Texas attorney general in suing the developer, claiming he falsely represented that septic tanks would work in the subdivision’s soil. Wuensche said she is still waiting for the 24-hour security, recreational facilities and county-standard roads she was promised.

In the Indian Hills subdivision off 2978, Richard and Mary Blunk were shown a developer’s plat of the subdivision, reflecting a nice chunk of property on which they later built a home. They later discovered that the subdivision’s road cut through an area reflected on the map as their property.

Residents in some problem subdivisions are denied basic services such as mail delivery because of roads that turn into slick obstacle courses at the first rain. School bus drivers refuse to travel them. Fire and ambulance personnel live in fear of the day someone dies because an emergency vehicle cannot clear the mud and potholes. Realtors won’t waste their time listing such properties.

Hardly a Commissioners Court session goes by where residents don’t plead for help from the county.

The county has decided to go to the courts.

“In the past, I think developers thought `what’s the county going to do? They don’t have the stuff to come after me,”‘ said County Engineer Don Blanton. “I think they realize the county means business now.”

Last year, the county hired attorney Nelda Radabaugh to address the problem and force developers to comply with the subdivision requirements. She has sent numerous warning letters to developers asking them to upgrade their roads and drainage systems and has filed a lawsuit against one developer, S. E. Rutledge, of the Southern Pines subdivision off FM 1314.

In the past, county officials bowed to public pressure, maintaining the substandard roads to please constituents and gain votes.

But a downturned economy, tighter road and bridge budgets and a need to properly address what’s become a monumental problem has all but precluded that practice, say county officials.

Radabaugh said most developers the county has contacted are cooperative. “But some of them are bankrupt, gone to Timbuktu, Kansas, hiding.

“We don’t base our investigation on which residents are screaming the loudest. It has to be on which subdivisions are the worst. It’s not easy explaining to someone `Yes, your subdivision is bad. But you’re number 400 on the list.”‘

Jack and Ernestine Daniel, residents of the Southern Pines development, hope the county’s efforts will pay off.

They joke that they own lakefront property. The subdivision has no drainage ditches. When it rains, the water puddles up in chug holes, some nearly as wide as the road itself. Water moccasins sunbathe on the road after the water recedes.

Mrs. Daniel has named the subdivision’s narrow, dirt roads herself: Rub Board Road, Slip ‘N Slide Drive and Dip ‘N Dive Drive.

“It about says it all.”

To hammer her point home, she sent notices to the developers, inviting them to “The super slide and roller coaster ride in Southern Pines.” The letter continues “bring your bulldozer, dump truck, backhoe or grade as the pot holes and mud holes are at least three to four feet deep. Use of an ordinary car will destroy your tires, shocks and springs and put bruises on your skull.” A postscript reads, “The next invitation will not be as cordial.”

“Our children have been embarrassed to bring friends home,” Mrs. Daniel said. “The head coach at Sam Houston State came out here once to talk to our son. He said he never had to come down such deplorable roads in his life to recruit a boy.”

Polish immigrant Szladewski hopes the county’s efforts will benefit him as well.
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. County officials have told him his home would have to be built 21 feet off the ground to be above the 100-year flood plain.

Shepard, Welch and businessman Jack Coogan initiated the project. A now-defunct Conroe real estate brokerage company sold the lots.

The county filed misdemeanor charges against the three investors in 1980, claiming the subdivision was falsely represented as county approved. The investor’s attorney, Dan McCrary, said the charges were without merit and were dropped on condition that certain things be upgraded at the development. None were.

McCrary said purchasers in Shepard’s Landing signed letters acknowledging the land was in the flood plain.

“This is nothing my clients have escaped from unscathed,” he said. “They’re still paying for this flood plain property.”

Szladewski, with the help of a neighbor, keeps the lone road in the development graded. But land that he paid $4,000 an acre for has been appraised at $500.

He said he relied on the word of a salesman “and got taken. They told me it was recorded subdivision. They promise to fix the roads. They say they build a nice entrance to subdivision, something beautiful. We have nothing.”

Szladewski said he figured the subdivision would be well maintained when he was told Shepard would be his neighbor. “And Louie Welch, they say he build on lot 11 or 12.
“In Poland, I learn nobody cheats in America because everybody helps each other. If one person’s house burns, neighbors build another. That was America in my mind.”

In the Park Place subdivision off Dobbin Huffsmith Road, residents are hoping Attorney General Jim Mattox’s lawsuit against the developer will stop an odor the development on hot, humid days.

Mattox visited the recorded subdivision in 1984, declaring it unlivable. He then sued developer C.L. Conner, alleging he misrepresented that septic systems would work in the subdivision’s soil.

Residents want the developer to install a central sewage system or buy them out.
“When the wind blows just right, the smell can knock you over. It’s like living in a cesspool,” said resident Ralph Schafer, who chose the mobile home subdivision as his retirement home four years ago. He paid $10,000 for his lot.

“I wouldn’t have paid that much if it weren’t for all the amenities promised. They advertised this place like your favorite vacation resort. My wife and I used to like Las Vegas, but boy, this is no where close. My wife is even ashamed to have friends over to dinner because of the smell.”

Schafer and other residents say they were promised 24-hour security and recreational facilities that never materialized.

Conner claims the soil is suitable for septic tanks but several residents had systems improperly installed. He denies misrepresenting the development, and said he sued his contractor for not completing road shoulders.

Park Place civic association president Wuensche said residents suing over the septic systems have proof they were inspected by the county.

She is convinced a lingering kidney infection was caused by the problem with septic overflow.

“Our drinking water is well water and if the sewage is seeping into the ground, it would be in our water,” she said. “I had a $3,000 water-filter system put in and have had no problem since.

“The sad thing about situations like this is you’ve got so much money invested and you’re just stuck.”

Joe and Judy Patterson, residents of The Wilderness subdivision southwest of Conroe, can sympathize.

They purchased 18 acres last year and were not told by salesmen that the development could be under water in a few years, the potential site for the Lake Creek reservoir.
“It’s not so much the things they did tell us, it’s the things they didn’t,” said Mrs. Patterson. “We were misled on a lot of things.”

The couple was told that the dirt roads would be graded by nearby oil company workers.
“And that’s not true,” said Patterson who has repaired the suspension on his new truck twice within a year because of the rugged roads.

“We’d like to sell,” he said. “But where are you going to find another fool like us?”

Date: MON 09/21/1987
Section: Business
Page: 1
Edition: 2 STAR

Report: Developers owned almost all troubled S&Ls

United Press International

DALLAS – Real estate developers who bought their way into the troubled savings and loan industry in the early 1980s owned virtually all of the most deeply insolvent thrifts in Texas, it was reported Sunday.
An investigation showed real estate development entrepreneurs either own or owned 20 of the 24 most financially troubled savings and loans in Texas and that most of the remaining four went broke by copying the aggressive strategies of the developers-turned-thrift owners, the Dallas Times Herald said in a copyright story.
Most of the 24 institutions, which lost money at the rate of $8.94 million a day in the first quarter of 1987, are now in ruin.
They have lost all the money invested by their owners and $3.8 billion of depositors’ money that had to be replaced in part with emergency loans from the Federal Home Loan Bank of Dallas.
Reports from the Federal Home Loan Bank, which has advanced at least $2.4 billion to the ailing thrifts, indicate the Texas 24 have been forced to repossess $2.7 billion worth of property from delinquent borrowers.
Seven of the institutions have been declared insolvent. All are under the strict supervision – if not outright control – of federal and state regulators.
Thrift experts place the two dozen institutions at the heart of an epidemic of risky lending and outright fraud that virtually bankrupted the Federal Savings and Loan Insurance Corp.
The Texas thrift crisis required Congress to pump $10.8 billion into the agency that insures S&L deposits up to $100,000. More than half of the FSLIC bailout funds will be used in Texas, where the agency expects to pay $6 billion and spend five years cleaning up failed S&Ls.
During the height of the Texas economic boom, one developer-thrift planned to open a branch office on the moon, another loaned $3 million to buy the Rolls-Royce fleet of the Bhagwan Shree Rajneesh, and a third funded a real estate project that called for a private overpass spanning the 10-lane LBJ Freeway in Dallas. A fourth thrift operated a chain of barbecue stands, the newspaper said.
“Developers got us where we are in the savings and loan business through greed and a failure of ethics,” said Paul Hardy, a principal with Commercial Banc Group, based in Dallas, which specializes in resolving troubled real estate projects.
“They bought S&Ls with the idea of becoming real estate giants by using depositors’ money and taking advantage of inflation,” Hardy said.
Don R. Dixon, accused of looting Vernon Savings and Loan Association, said thrifts were taking advantage of powers granted by the Garn-St. Germain Depository Institutions Act of 1982 to get an ownership stake in their borrowers’ projects.
Dixon told the Times Herald that builders turned around and acquired thrifts to assure themselves of financing and to tap into the profits of lenders.
Dixon, Vernon’s former owner, is named in a $350 million lawsuit filed by the FSLIC that accuses him and six other Vernon officers of plundering the S&L. Vernon Savings was declared insolvent in March, when it was $616 million in the red.
Dixon blamed federal regulators for Vernon’s failure.
The Federal Home Loan Bank began examining Vernon in summer 1985. In April 1986 it barred the S&L from renewing customer loans, almost all of which Dixon said were about to be renewed.
“I’m not a guy who flew into town to rape the savings and loan business,” Dixon said. “The regulators in Washington decided that entrepreneurs are bad and said: `We’ll sink the ships to kill the captains.”‘

Hapa1234@aol.com wrote:
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little gray fox with the catbird seat {harmon}

Ck out:







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Dirt Dealing America … Looting Trillions 101 | Trillions Looted …

Apr 14, 2016 – Old West Swindlers – Page 147 – Google Books Result … It highlighted the types of financial fraud the EU-ETS has already … …. The Great Texas Bank Job Speculations Bubbles and Bank Crashes 101 bing.com/search?q … …. It is difficult, by legislation, to circumscribe the chicane of land speculators.

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Google and YouTube are obviously Financed by the Central Bangsters the Fed … Protecting The Government Employee’s Financial Interests Comes FIRST … …. ……http://www.bing.com/search?q=Bank+Looting+Corruption+Land+Fraud+ ….. land, investors and politicians on both sides of the Atlantic left a trail of chicanery, …
Feb 17, 2017 – Search for: … ‘Fraud’ Examines Two Centuries’ Worth of Hucksters and Swindlers … advantage—separating “illicit chicanery” from “enthusiastic puffery,” as Balleisen puts it. … But it took the stock market crash of 1929 and the economic … admiring their “audacity, ingenuity, and capacity to land on their feet.
Oct 5, 2015 – Audrey Elaine Elrod was in rough financial shape as the 2012 holiday … He said he had stumbled across her profile while searching for a …. I DO NOT use any dating sites, skype, google plus, yahoo … to Nigeria, a country notorious as a hotbed of Internet chicanery. …. Here’s how swindles typically unfold.
Sep 8, 2006 – There seems to be a small epidemic of land title fraud in Ontario, … “Google+1″-Dummy … a full title and record search to make sure the sellers had clean title to give …. then you actually do have title to that land, no matter what chicanery …. He now arranges a new mortgage with another financial institution.

10 Greatest Swindles in United States History – Listosaur | Hungry for …


Mar 16, 2012 – Here are 10 incredible swindles in American history. … itself — here are the 10 most famous financial swindles in United States history. … Florida land swindles were very common in the early 20th century, but continue to this.

Missing: googlesearchchicanery

Lawyer was bold enough to cheat the best of investors – The New York …

Nov 14, 2008 – Search Skip to content Skip to navigation View mobile version …. have been tracking what they describe as a brazen swindle of some of New York’s … who are struggling to track the apparent financial chicanery. …. Magazine · N.Y.C. Events Guide · Real Estate · T Magazine · Travel …. Log in with Google.

The Mortgage Fraud Scandal Is The Biggest In Human History …

Oct 14, 2010 – Fraud. Venerable investment banks like Goldman Sachs packaged the … The absence of the documents was required to run the scam. … Brown, MBSs are typically pooled through a Real Estate Mortgage Investment Conduit …

Land Fraud In West Bank Probed – tribunedigital-chicagotribune

Aug 27, 1985 – Israeli police are investigating a massive West Bank land fraud … in connection with the largest land swindle in the West Bank since it was …
Apr 27, 2015 – Bank Robbing , Land Swindles, Subprime and the Derivatives … =ssl#q=trillions+looted+land+speculation+mortgage+fraud+bank+looting …
May 27, 2015 – Real estate kingpins buy political favors on a regular basis. A new study estimates the payoff.

Florida Aides Report Widespread Land Fraud Swindle – The New York …

May 15, 1975 – Fla officials uncover what might be largest land fraud swindle in … buys a large tract of land with money borrowed from bank or, in many cases, …

In some cases, clients may be the victims of the real estate scam, but sometimes … amount) so that the buyer can obtain a larger mortgage from his/her bank.

NABI – Sweetheart Swindle Con (Cons And Scams)

Equity Skimming and Real Estate Schemes … victim on the street; in a supermarket; bank; or other public areas frequented by the elderly. … The sweetheart scam will continue until either the money runs out, the victim dies, or fear that the …
Swampland in Florida refers to decades-old but still recurring real estate scams involving … The phrase originates from the common land banking scams of the 1920s, when booming “land mania” preceded the … Grant Oster points out that the practice of the unseen property scam predates the existence of the United States.


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