TAMPA TRIBUNE Published: November 19, 2010, 6:09 PM, TAMPA - Foreclosure law attorney David J. Stern has stepped away from all operations in a Plantation, Fla., company he founded. He will now concentrate on his law firm, a company statement said.
DJSP Enterprises Inc., which did work for Stern's law firm, announced Stern resigned as president and CEO and that it appointed Stephen J. Bernstein as chairman of the board, president and CEO, MORE FROM THIS SOURCE....
DJSP Enterprises Inc is an abreviation for David James Stern Processing, DJSP Enterprises Went From $13.65 A Share On NASDAQ To .47 Cents Today.
David Stern’s DJSP Enterprises Defaults on $12 Million Line of Credit and Can't Pay November Rent, David J. Stern Served Papers in Multi Million Dollar Lawsuit, Stern Law Firm Going Down in Flames. DJSP disclosed yesterday that it’s in default on a $12 million line of credit with Bank of America NA. DJSP provides processing services for the Law Offices of David J. Stern PA, which has been barred from providing services for Fannie Mae and Freddie Mac.
DJSP, based in Plantation, Florida, said that it has a forbearance agreement with the bank good through Nov. 26. The default on the credit line also caused a default on a separate $1.85 million equipment loan with a bank affiliate. The bank used the default to bar DJSP from paying interest on subordinated debt.
DJSP also said that an affiliate didn’t pay November rent on the principal offices in Plantation Fl. The company said it fired 700 workers. The DJSP stock closed yesterday at $0.47 cents, an all-time low. The high was $13.50 on April 23, 2010.
NASDAQ, DJSP Enterprises Major Shareholders David J. Stern (Law office Foreclosure Mill) and Kerry S. Propper Subject of Department of Justice Investigation And SBA Law Suit. Chardan 2008 China Acquisition Entered Into Business Combination With DAL Group, David J. Stern Law office, DJSP Enterprises, Inc on the NASDAQ. Chardan 2008 China Acquisition was run by Kerry S. Propper he has had some problems with the SBA and the Department of Justice as did his father Dr. Richard D. Propper. Kerry S, Proper, Richard D. Propper and Royale Holdings own 1,151,128 shares of Chardan 2008 China Acquisition, they are the majority share holders of the company now directly linked to David J. Stern and DJSP Enterprises, Inc.
David J. Stern Law Office as DJSP "Stern Parties" received $111 million from DAL Group and $35 million in closing cash. Friday, June 11, 2010, DJSP Enterprises Inc and David J. Stern Under Investor Investigation Over Federal Securities Laws Violations, David J. Stern Law Office in Plantation Fl Directly Linked to DJSP Enterprises.
Maybe if David J. Stern, who ran DJSP Enterprises Inc into the groud, had given up some of his 13 or so Exotic Luxury cars or the Custom Built Yacht or maybe if he down sized a bit from his $16 Million Dollar water front home in Fort Lauderdale Fl, DJSP Enterprises Inc might not be heading for the tank (already in it).
Bill Warner Private Investigator, SEX, CRIME, CHEATERS & TERRORISM.