Monday, February 07, 2011

AP News.."DJSP Enterprises Was a Scam,” Says Sarasota Private Eye Bill Warner Who Has Filed A Lawsuit Against David J. Stern.

AP News....The Rise And Fall Of Foreclosure King David J. Stern, “DJSP Enterprises was a scam,” says Sarasota Private Eye Bill Warner who successfully defended himself against a foreclosure suit brought by David J. Stern and then turned the tables on Stern and filed a Civil Lawsuit against Attorney David J. Stern, the Stern Law Office, the Nazi linked Deutsche Bank and two of Stern's goon associate attorneys.

FORT LAUDERDALE, Fla. — During the housing crash, it was good to be a foreclosure king. David Stern was Florida's top foreclosure lawyer, and he lived like an oil sheik, Foreclosure Attorney David J. Stern Leads the Life of a Oil Rich Sheik While Destroying The Lives of Thousands of Florida Homeowners, ‘Su Casa es Mi Casa, Your House is My House’ Exclusive See His Photos . He piled up a collection of trophy properties, glided through town in a fleet of six-figure sports cars and, with his bombshell wife, partied on an ocean cruiser the size of a small hotel.

Early 2010 brought David J. Stern's biggest coup. He spun off a chunk of his business called DJSP Enterprises that performed mortgage process services like title searches and lien monitoring and took it public. The deal reportedly made Stern $146 million, including $55 million cash.

DJSP stock started trading in January at about $10 a share. Within months, battered by rumors of indiscretions at Stern's firm, it was worth half. On July 20, two investors filed a securities-fraud class action alleging that Stern knowingly misled them by failing to disclose the problems within the business. "DJSP was a scam," says Bill Warner, a Sarasota private eye who successfully defended himself against a foreclosure suit brought by Stern.

Written by BILLWARNER on May-23-10 11:19am DJSP Enterprises aka Law Offices of David J. Stern Major Share Holders Kerry Propper and Dr. Richard Propper Links to SBA Fraud.  U.S. sues to regain fraud loss for SBA: $32 million allegedly was funneled to private firms; Article date:December 30, 2006. The U.S. Justice Department filed a civil lawsuit in Philadelphia yesterday against imprisoned Princeton financier John B. Torkelsen, California businessman Richard D. Propper, and Connecticut lawyer Daniel P. Beharry for allegedly defrauding the Small Business Administration of $32 million. The former Main Street Bank in Philadelphia, predecessor to Sovereign Bank, also was named as a defendant.

THE U.S. SMALL BUSINESS ADMINISTRATION : CIVIL ACTION 2008; Summary judgment against Defendants Richard D. Propper, Kerry S. Propper, P. Timothy Garton, Michael D. Chermak, Charles R. Smith, and Kenneth M. Borrow (collectively, “Individual Defendants”) and Acorn Connecticut Investments, L.P. (“ACI”) (collectively, “Defendants”).

Kerry S. Propper is a major shareholder (I/3 of all stock) in DJSP Enterprises, Inc aka Law Offices of David J. Stern, P.A., 900 S Pine Island Rd Ste 400, Plantation, Florida.

This Statement,Statement of Beneficial Ownership, is being filed by David S. Stern, the Law Offices of David J. Stern, P.A.; Filed 01/25/10, The following persons (the “ Principals ”) are parties to the Voting Agreement and beneficially own, in the aggregate, the 4,151,666, Ordinary Shares reported in this Statement of DJSP Enterprises;
1). Kerry Propper (302,907 Ordinary Shares and 377,968 Ordinary Shares underlying the warrants).
2). Dr. Richard D. Propper (186,528 Ordinary Shares and 400,000 Ordinary Shares underlying the warrants).
Attorney for David J. Stern Law Firm Fumbles the Ball in $25 Million Dollar Lawsuit, The Stern “Motion to Dismiss” Denied by Sarasota Judge. Monday December 27th, 2010 at 4:00 pm…In what should have been a slam dunk for attorney Michelle Mason representing defendants David J. Stern, the Stern Law Firm and two additional Stern attorneys, a Sarasota Judge denied her Motion to Dismiss the $25 Million dollar lawsuit filed against them by Sarasota private investigator Bill Warner, see court records click here.

Case Number 2010 CA 010482 NC
Uniform Case Number 582010CA0104820000NC
Filing Type Libel/Slander
Filing Date 10/6/2010

Plaintiff Information;
Plaintiff Name
Defendant Information;
Defendant Name ……….

Bill Warner Private Investigator, SEX, CRIME, CHEATERS & TERRORISM