Sunday, February 06, 2011
Deutsche Bank: 'America's Foreclosure King' Investigated by U.S. Dept. of Justice in Foreclosure Case, Deutsche Bank Sued in Sarasota Their Attorney Is Kimberly Gustafson.
Deutsche Bank is deeply involved in the American real estate crisis. After initially profiting from subprime mortgages, it is now arranging to have many of these homes sold at foreclosure auctions. The damage to the bank's image in the United States is growing.
Deutsche Bank's tracks lead through the entire American real estate market. In Chicago, the bank foreclosed upon close to 600 large apartment buildings in 2009, more than any other bank in the city. In Cleveland, almost 5,000 houses foreclosed upon by Deutsche Bank were reported to authorities between 2002 and 2006. In many US cities, the complaints are beginning to pile up from homeowners who lost their properties as a result of a foreclosure action filed by Deutsche Bank. The German bank is berated on the Internet as "America's Foreclosure King."
According to the Federal Deposit Insurance Corporation (FDIC), Deutsche Bank now holds loans for American single-family and multi-family houses worth about $3.7 billion. "Common Ground" (foreclosure activists from Wisconsin) has posted photos of many foreclosed properties on the Internet, and some of the signs in front of these houses identify Deutsche Bank as the owner. As soon as the houses are vacant, they quickly become derelict.
The Countrywide Financial Corporation, which approved risky mortgages for $97.2 billion from 2005 to 2007, was the biggest provider of these mortgages in the United States. According to the study by the Center for Public Integrity, a nonprofit investigative journalism organization, Deutsche Bank was one of Countrywide's biggest financiers. Ameriquest -- which, with $80.7 billion in high-risk loans on its books in the three boom years before the crash, was the second-largest subprime specialist -- also had strong ties to Deutsche Bank.
The US Securities and Exchange Commission (SEC) is now investigating Deutsche Bank. The SEC has been particularly critical of US investment bank Goldman Sachs, which is apparently willing to pay a record fine of $1 billion to avoid criminal prosecution.
Deutsche Bank has also run into problems with the many property owners. The bank did not issue the mortgages for the many properties it now manages, and yet it accepted, on behalf of investors, the fiduciary function for its own and third-party CDOs. In past years, says mortgage expert Steve Dibert, real estate loans were "traded like football cards" in the United States. Nevertheless, Deutsche Bank's service providers repeatedly try to have houses vacated, even when they are already occupied by new owners who are paying their mortgages, more from this source...
NEW YORK, Jan 28, 2011 (Reuters) - A branch of the U.S. Department of Justice is investigating whether Deutsche Bank (DBKGn.DE) filed false documents and attempted to mislead a bankruptcy judge in a foreclosure action. Although the investigation involves the case of only one homeowner in Connecticut, a court document filed on Jan. 26 by the United States Trustee's Office said it wants to elicit information about Deutsche Bank's practices in general in foreclosure cases.
The inquiry involves Deutsche Bank National Trust Co, the Deutsche Bank unit that acts as trustee for thousands of trusts that invested in mortgage-backed securities. The U.S. Trustees' Office is a division of the Department of Justice responsible for overseeing administration of bankruptcy cases.
The Jan. 26 court motion stated that "The United States Trustee has reviewed the documents filed by Deutsche in this case and has concerns about the integrity of those documents and the process utilized by Deutsche in" filing to foreclose.
April Charney, the "Angel of Foreclosure Defense", is a Jacksonville Florida legal aid attorney who represents homeowners in foreclosure cases and who is an expert on mortgage securitizations, said that aside from possible sanctions against Deutsche Bank in this foreclosure case, the results could have significant effect on Deutsche Bank's practices in general, and on its ability to foreclose on large numbers of homeowners in default. Lawyers for homeowners in foreclosure have alleged similar practices by Deutsche Bank in cases around the country.
Deutsche Bank financed Nazi’s death camp. Germany’s largest bank has admitted it has documents in its vaults establishing a loan at a critical time to Hitler for financing the construction of the Auschwitz death camp in Poland where in Himmler’s report to Hitler, he listed 363,211 Jews murdered during August-November of 1942.
My Lawsuit with Deutsche Bank AG; PLAINTIFF William ‘Bill” Warner is seeking damages of $5,000,000 from defendant DEUTSCHE BANK NATIONAL TRUST COMPANY. Defendant Deutsche Bank National Trust Company (formerly Bankers Trust Co of Florida N.A.) is a Delaware Corporation with offices in Miami Fl and operates in the State of Florida, the home office for DEUTSCHE BANK AG is Theodor-Heuss-Allee 70, 60486 Frankfurt AM MAIN Germany with Regional office for DEUTSCHE BANK AG, 60 Wall Street New York NY 10005 USA, no other regional address is listed in the USA. The attroney for DEUTSCHE BANK NATIONAL TRUST COMPANY is St Pete Fl lawyer KIMBERLY J GUSTAFSON.
Ms. Kimberly Gustafson, a member of the Carlton Fields law firm, has a multifaceted litigation practice including aspects of banking litigation, business torts, deceptive practices, contract disputes, and real estate litigation. Kimberly Gustafson has particular experience in trade secrets, non-competes, fiduciary duty claims, ERISA claims, business divorces, commercial foreclosures, and lender liability claims.
Spying Scandal; Deutsche Bank’s “Gestapo Style Corporate Security Department”. Deutsche provided banking facilities for the Gestapo during WWII. From as late as 2001 to at least 2007, Deutsche Bank engaged in covert espionage on its critics. The bank has admitted to episodes of spying in 2001 and 2007 directed by its “Gestapo Style corporate security department”, although characterizing them as “isolated.”
Deutsche Bank Lawsuit Sarasota Fl..Case Number 2010 CA 010482 NC
Uniform Case Number 582010CA0104820000NC
Filing Type Libel/Slander
Filing Date 10/6/2010
Judge SARASOTA FL DIVISION A CIRCUIT
WILLIAM “BILL” WARNER
DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE
1/21/2011 MOTION- PLAINTIFF SEEKS SUMMARY JUDGEMENT.
A 1946 investigation by the US military recommended that Deutsche Bank be liquidated and its top officials tried as war criminals. Deutsche Bank had credit links to one company that made incineration units and funded another whose subsidiary made the Zyklon B gas used in the Auschwitz camp.
Bill Warner Private Investigator, SEX, CRIME, CHEATERS & TERRORISM.