wells fargo caption switching - converting trust claims into wells fargo judgments
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7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments
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Wells Fargo Caption Switching:Converting Trust Claims into Wells Fargo Judgments
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Aggressive Offense
Using the Courts to intimidate and punishtheir opponents
Maintaining an offensive footing (alwaysthe accuser never the accused)
Character assassination and mudslingingto divert courts focus from the relevant
facts and law.
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Tactics
Caption Switching
Independent Claim of Servicer
Motion to Compel Emergency TRO & Injunctions
Expedited Discovery
Sanctions
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Caption Switching Objectives
Used to Divert Trust Judgments
Used to Pocket Settlement Proceeds
Hide the Trust Protect Wells Fargo (Godfather)
Hide REMIC Trust Sanctions/Penalties
Hide Prohibited Income
Re-direct Stripped Equities/Assets
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Caption Switching Explanation
Really?
John Dinan, Depostion 2006
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Caption Switching Objective
Wells Fargo BankTrusteeWFSpecial Servicer
Acceleration &Seizure
Foreclosure &Judgment
Bankruptcy &Collection
3 Stages of Equity StrippingMetamorphosis of CMBS Trust to Wells Fargo
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Caption Switching Examples
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Caption Switching Examples- True Party
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Caption Switching Examples Stage 1
Orix is assertingindependent claim?
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Caption Switching Examples Stage 1a
Orix is asserting
independent claim!
Isnt MLMI aREMIC Trust?
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Caption Switching Examples Stage 2
Why Wells Fargo?
Where is Trust or Trustee?Where is Borrower?Why is CMBS Trust paying forThis?Isnt this prohibited activity(speculative litigation)by a Remic Trust/Trustee?
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Caption Switching Examples Stage 3
Can you figure outwhich Trust this
judgment belongs to?
Thats why WF pursued
collection of this judgmentIn Israel 2 years afterliquidation from MLMI.
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Caption Switching Examples Stage 3
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Caption Switching Examples Stage 3
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Independent Claims, Trustee & Servicer
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Motion to Compel
Repeated filings of Motions to Compel
This sort of motion most commonly dealswith discovery disputes
Demonstrates the bad faith nature of theirfilings (demand everything and the kitchensink while stonewalling all attempts to get
a meaningful discovery out of Orix andWells Fargo)
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Motion to CompelExamples
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Motion to CompelExamples
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Emergency TRO
Emergency TRO Filings is yet anothercommonly employed Wells Fargo litigationstrategy.
The TRO often alleges documentdestruction or other similar acts
These allegations are not supported byany evidence, but rather used to disparagetheir opposition in the eyes of the court.
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TROExample
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Expedited Discovery
Common tactic employed toinconvenience and engage opponents withunnecessary and irrelevant discovery
requests, while at the same time refusingto produce anything meaningfulthemselves
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Expedited DiscoveryExample
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Further Examples
Further examples of this hyper-aggressivelitigation strategy can be found whenreviewing the dockets of the following
cases:
Wachovia 3-02CV1945-M
UBS 02-2849
Nomura 00-8720
SFE 306-CV-0271
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MLMI 1999-C1
Correct name is the Conformed Name
as shown on SEC filing. See the lastslide.
This should be the Party in Lawsuits
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WFC/Orix SECViolations
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WFC/Orix SECViolations
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WFC/Orix Last SEC Filing
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Caption Switching Case - Motion
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Caption Switching Case - Motion
C S C
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Caption Switching Case - Motion
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C i S i hi C R
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Caption Switching Case- Response
C i S i hi C R
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Caption Switching Case - Response
C ti S it hi C R
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Caption Switching Case - Response
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