Bank Whistleblower Linda Almonte
As I have proven this issue is not limited to one bank buy industry wide and there are many other investigations underway as well as I have trained consumer attorneys and fraud examiners who have scoured courts and found that in last years bank settlements and government consent orders the illegal actions never stopped we pulled out millions of dollars in the fraudulent open judgments all in violation of the government orders and the peoples wages were being garnished, bank accounts levied, forcing homes into foreclosure for judgments known to be illegal and had been sworn to were dismissed, customers refunded and no more had been filed. Me, other bankers, consumers, attorneys working on their own time, and even regulators that did investigate and ordered the right changes only to get false promises out right lies to the government, the public, the media, customers and the investors in SEC filings. Five years in me and people assisting now we have a lot more experiencee in this and have not come this far for nothing.
We are working and going to accomplish the proper restitution ordered to be made, real solutions put in place and double checked, monitored and audited regularly, accountability for these crimes it was bad enough billions in fraud by abusing the judicial system to bypass all state and federal consumer protection laws you got caught and nothing is allegations we are talking just my whistleblower suit (no world I am not rich not even employed) The best investigative journalists in the country put now years into research and amazing reporting and articles to bring awareness and action and we got it from every regulatory agency in the country. But the job isn't done far from it. We need the OCC, SEC, CFPB and FTC to go finish the job and especially after intentionally going to great lengths to lie and move processes to locations where no auditors were looking to continue the crimes you are sitting there telling the regulators and doj you stopped 2011? There is no excuse that can be made or accepted here for the government orders "there was no monetary fine levied due to their cooperation in the investigation and their halting of the litigation, dismissal of accounts impacted, refunding of customers and still has not resumed. Well not me or most attorney's can walk into a court house in this country and in five minutes have lists and lists of them and everyone is copying the full file.
Also, the SEC and DOJ in there own statements said there were no criminal charges because of them being "prominent members" The SEC focuses on investor fraud and jumps to action when investors complain or are hurt. They just even gave Jamie Dimon a 74% raise for his successful year of defrauding millions of Americans paying a tiny find and keeping the rest but he doesn't act alone the VP level employees that did this hands on daily are still employees there with raises. Well at least that has prompted countless current and former employees to come forward.
Some recent successes The California AG who filed a lawsuit against Chase last Spring for these actions successfully beat their motion to dismiss a couple of weeks ago and the account is proceeding with already over 100k victims identified.
The Mississippi AG filed a major lawsuit last month that is extremely detailed and was really done right with an 18 month long investigation working closely with me and many other former employees offering themselves up for subpeonas and working hard to testify but also really explain in detail the processes and systems allowing the AG office to them have detailed information of what to seize from the bank as stated in the suit over 100k documents supporting the claims made. That suit could really apply to nearly all states but with some states having huge numbers of victims. Keep an eye out for more government lawsuits to come and part of them demanding the victims be made whole. Below are just a few link to some of the articles I have worked on with investigative journalists to bring awareness, educate consumers and show regulators how bad the problems are. I would expect to see a lot of announcements this year about other banks and entities with the identical allegations and the confirmations of those allegations. .
No law was made that "prominent member" are immuned from the law and hopefully never is but that is what has happened her and in thousands of cases over the years. I likes how Elizabeth Warren said it "when did TBTF" turn into TBTJ" well it was confirmed without a doubt it did in a big way in 2013. Elizabeth you had it right please enforce it you have me and so many others behind you and anyone pushing back I would even be willing to stand with you and I know I can knock out any excuse I lived this from all sides. but me and other "whistleblowers" like me (by the way I have yet to meet a high profile financial whistleblower for any banking or financial fraud that even knew there were whistleblowing they thought they were just doing their job according to the law and serving and protecting their customers, employees, the company and shareholders.) Investors profiting off from the intentional fraud and not complaining because they weren't damaged and therefore no real action taken is not acceptable now or ever. That is intentionally making you the consumers and customers and all people the collateral damage making a few rich and it not anywhere near being over as so many CEO's and either delusional media reporters and some regulators have claimed. Perhaps it is wishful thinking but the "please be good in the future and cross your fingers" I think it has been proven beyond a doubt is has not and will not work. This country and a lot of the world has been watching and waiting for this for most of the past decade no more chances no more waiting act now this needs to be done in 2014 with no excuses or promises. Whistleblowers do not get paid for this difficult seemingly never ending job with no paycheck or insurance. Whistleblowers like me and so many other former bankers that are working hard for you and you just don't know their name (I seem to be the most vocal) but millions of bank employees have watched those of us that our work did go high profile lose everything, they are usually uemployeable not many people want to hire someone that costs their former employer billions, but we have families and need to live. There is a myth that the "whistleblowers" you read about make millions and are set for life. There are a lot of misconceptions about whistleblower programs the majority lose everything and never see a penny let alone even made whole or anywhere to just a middle class lifestyle. I want to finish this fight but need the help of the people so that I can continue to fight for you . All donations help.
Here are some links of the countless stories I have worked on with writers to educate and empower people, regulators and courts to stop the fraud and help the people.
I have attached the full government filing and I waived my rights to stay anomonys so the information does not get buried there was never anything in this for me I just refused to commit fraud at the expense of people to keep my job. Here are just some of the main articles on me you will notice a great deal is not public yet especially the connection with Chase owning NCO and SST and running litigation for the other banks. All of this proven up and a major class action with it we just survived the motion to dismiss.
NY Times Article that I accidently coined the term "robosigning"
If you have been sued by a bank, collection agency, attorney network or credit card company and the balances or dates seem wrong or the account was sold you may be a victim. Go to my site and file a complaint with your states Attorney General, the FTC and CFPB. Your feedback and complaints provides the resources needed to stop this economic treason to our economy and hurting families. Please send me your stories the more I have the more people I can help.
For Stumpf and Jamie Dimon (haven't forgotten about and doesn't mean co-conspirators off the hook) the parts talking about what you two personally and individually did to her life and her brothers and sisters lives both of you are the accountable parties. Just in case you have banker amnesia just give this guy a call as 60 minutes has it on film then call Texas Workforce Commission and then my attorney in Houston.
She had just been filmed by 60 minutes (not yet aired as we just finally got to round one with Stumpf's testimony before Congress) in Texas and back to their schools before the end of the school year. and also helped with me analyzing the mortgages and illegal foreclosures of the homeless families and kids portrayed in the 60 minutes special right after filming mine in central Florida and many more interviewed than made the final cut and she met the people and understood it enough when I found several of them as intentional illegal foreclosures. Some never missed a payment and instantly understood the reason for the money orders and the accountable bankers behind it and why. But I couldn't help them or any of the millions and I thought that it was all in progress of being properly audited until the day in 2015 when the CFPB did the big press release settling all of my information and cases along with most AG's in the country. And years of their consent orders and fines were all my work and some word for word and claimed credit but I provided all of that information and continued investigation and analysis. But they witheld and concealed from AG's the OCC, FTC, attorneys on all sides of this, judges and the public. The truth and the connection to the mortgages and foreclosures, small business, commercial, checking accounts consumer and business, forced place insurance etc... are all part of the card game on Wall Street. the true WaMu story. The financial and housing crisis that is still ongoing because of trying to silence me at any cost. My daughter wrote this in 2011 actually a school assignment to write a "slam poem" and with all the chaos and everything done to me and my children by Jamie Dimon and Stumpf she fell so far behind in school and couldn't keep up as her brother and sister did for years. The teacher told her she had to have it ready by the time her name was called and this was what she wrote in that short time of one class at 15 years old and then believing in our legal and judicial system and our regulators and lawmakers. Amazingly enough what I have written hundreds of thousands of pages to explain and as many in DC, attorneys on all sides and some amazing investigative jouranlists have all learned the hard way six years of testifying and explaining all of this a 15 years old said it all in a one pager. I would like Stumpf and Jamie Dimon to personally out of their own pockets not taxpayers, investors, employees, consumers or taxpayers pockets but their own to pay off all student loans my kids now have and all of their continuing educations starting immediately. When 60 minutes filmed them they were happy innocent kids six years of a childs life and their mothers? Anyone that dares talk about women in business and banking and their rights needs to start with the women bankers who were or are employees or whistleblowers and are put in positions to follow orders or the safety, welfare, health and educations of their children along with the ability to support them as all know now the systemic blacklisting for life going to women bankers and regulators federal employees and contract. All high profile whistleblower stories come with a book and mine currently in the works is titled after my daughters poem. "Chasing What Matters".
People or numbers?
Numbers or people?
Use your brain
This is America
Not some game
So just quit playing
Playing with lives to make your big bucks.
As a matter of fact
Take my friends
And take my home
Just give me more reason for my name to be known
Take our checks
And our respect
Some from you has yet to be shown.
Take my grades
The following information that I will share with you was actually share with me by whistleblower Linda Almonte. The first letter is to the SEC about the interrelationship between NCO Group Inc. which is indirect and majority-owned subsidiary of JP Morgan Chase and JP Morgan Chase itself. Almonte was an employee of both JP Morgan Chase and NCO Group. Also included the credit card and debt collections at multiple banks and third parties along with their internal and external attorneys which led to many of the recent government actions. And the other letter is from Almonte’s lawyer to SEC Complaint Center in 2010: We hae obtained both submissions and there are links to the actual documents in the link below.
I didn't set out to be a "whistleblower" never even crossed my mind I was just doing my job per company policy and state and federal laws. Then mine and my families lives tuned upside down overnight and ever since then. But it shouldn't have I didn't do anything different than I had done hundreds of times but what happened was something you read in newpapers or see on TV not your own life. Until it is your life in the papers and on TV. And clarify a myth no one gets paid by the media unless maybe some tabloid saying Jamie Dimon is an alien. (Couldn't resist) Everyone always asks the same questions "would you do it again?" well easy yes because I didn't realize I was doing anything out of the ordinary. And what worries you or scares you the most about it all. Scott Pelley asked me that for 60 Minutes and I still remember it clearly I said "the number of people that email, send me messages on LinkedIn and FB that work in Banking or any Financial Industry job that say they would have always done the same thing as me until they saw what happened to me and my life now they don't question anything". So here is just one of the results of that one decision. And I know everyone has seen a lot of news finishing it all through the years and some major publications even doing multi-year series on it. Apparently I broke the "whistleblower code" when I landed in DC testifying for the first time I didn't just say what the issues were or what was broken I laid out the solutions and what needed fixed. I used to be a Six Sigma Black Belt my job had been solutions at one time. Imagine if I had just been allowed to do my job? They didn't pay me that much would have saved millions actually billions industry wide. But seeing this and as some know this is not the only announcement that resulted from me it wasn't just numbers on a spreadsheet or accounts this one action alone is over half a million families. So everyone needs to not let a couple bad apples in the industry intimidate them or cause you to make decisions you know are wrong. Because that one decision if you are in a management or leadership position especially can really impact a lot of people and you are setting the example for the rest of the industry whether that decision is right or wrong.
CFPB, 47 States and D.C. Take Action Against JPMorgan Chase for Selling Bad Credit Card Debt and Robo-Signing Court Documents
Chase Ordered to Overhaul Debt Sales and Halt Collections on 528,000 Consumers’ Accounts
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau and Attorneys General in 47 states and the District of Columbia took action against JPMorgan Chase for selling bad credit card debt and illegally robo-signing court documents. The CFPB and states found that Chase sold “zombie debts” to third-party debt buyers, which include accounts that were inaccurate, settled, discharged in bankruptcy, not owed, or otherwise not collectible. The order requires Chase to document and confirm debts before selling them to debt buyers or filing collections lawsuits. Chase must also prohibit debt buyers from reselling debt and is barred from selling certain debts. Chase is ordered to permanently stop all attempts to collect, enforce in court, or sell more than 528,000 consumers’ accounts. Chase will pay at least $50 million in consumer refunds, $136 million in penalties and payments to the CFPB and states, and a $30 million penalty to the Office of the Comptroller of the Currency (OCC) in a related action.
A copy of the consent order can be found at: http://www.consumerfinance.gov/f/201507_cfpb_consent-order-chase-bank-usa-na-and-chase-bankcard-services-inc.pdf
It won't let me post the link, but go to GoFUNDme/saveTJshome-health
What's the status on this particular story? This banking nightmare is NOT over! Here's a classic related story of what the bank's are doing to people:
On September 12, 2016 Linda was guest on a call with Rene' Powers and Dr. Chris Winsey. This article has the link to the audio and the follow up information spoken of. Please LISTEN to Linda and the updates, hear how Wells Fargo is just the tip of the iceberg and support those who do this work to out the corruption, and shame on the CFPB and SEC for concealing evidence and Shame on all politicians putting on a show, enough show now SHOW US justice of the people! https://www.facebook.com/notes/one-mom-on-a-borough/follow-up-information-for-the-call-hosted-by-rene-dr-chris-on-sept-12-2016-with-/1180572545354810
Kudos and God bless for holding tough for truth. Is there some way to learn the salient questions to ask the servicers that will clarify the fraud? I just sent a letter instead of payment to the servicer, expressing concern that the true holder in due course may not be getting payments, and there is a fear that I would never be able to ovoid forclosure like has happened to some. That I want proof of who has authority to take my property. That I have recinded the note, but am willing to sign another one, if proffe of a true holder in due course is forthcomeing. That the assignment was not filed in the local courthouse until 5 to 7 years after the alleged note and mortgage were anitiated, and that the assignments were signed by a known robosigner. That I was studying the S.O.X. ACT I ran out of money due to local govt actions, to make payments. Is there somewhere I can find pertinent questions to ask?
Great article in the Washington Post a new publication for me http://www.washingtonpost.com/business/economy/regulators-probing-banks-for-faulty-debt-collection-practices/2013/05/28/9f40bca2-bbd0-11e2-89c9-3be8095fe767_story.html