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Friday, February 03, 2012

VIDEO Sheriff Tom Knight - Press Conference on Newtown Felony Arrest Operation, No More "Fast Life" for These Thugs.


The Sarasota County Sheriff's Office and the Sarasota Police Department today announced the results of a joint operation designed to reduce crime in North Sarasota (Newtown) and enhance the safety of its residents.

Using the Sheriff’s Office Intelligence Led Policing model, both agencies shared information on recent incidents, criminal activity and crime trends to develop a strategy to address the threat of violence, paying particular attention to known offenders.

This month-long operation provided a sudden and dramatic increase in law enforcement presence to enhance apprehension efforts for specific crimes within a defined area of North Sarasota (Newtown). The goal was to eliminate the perception that this area of our community is an environment that is supportive of criminal behavior.

The results:
181 Total arrests
294 Charges (149 Felonies/145 Misdemeanors)
12 Weapons seized

Of greater concern is the arrest history of many of these offenders. Of the 181 subjects arrested, they shared a combined 1,509 prior felony arrests and 1,932 prior misdemeanor arrests. Only a fraction of those cases resulted in convictions, and while many of these subjects served jail time few have spent time in prison for their crimes.

“Under the current dynamics of the system it is clear that we cannot arrest our way out of this issue,” said Sheriff Tom Knight. “That said, we will continue to perform our law enforcement function and arrest those who choose to break the law.”

Chief Mikel Hollaway added, “Law enforcement is only part of the solution. To truly make a difference in North Sarasota (Newtown) it will take a strong commitment from everyone to enhance the quality of life we expect. It is necessary to hold each other accountable for what we must achieve. Failure is not an option.”

Both agency leaders agreed the criminal justice system and community members must help support law enforcement efforts to keep prolific offenders out of North Sarasota (Newtown).
 

Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com

Reward Increased To $250,000 In Holly Bobo Kidnapping Case Parsons TN

NEWSCHANNEL5 NEWS....New information was released Wednesday, 2/01/2012, regarding the disappearance of nursing student Holly Bobo from Parsons TN.

On Tuesday, 1/31/2012, a convicted violent sex offender who lives just miles from the Bobo home was arrested by police. So far the Tennessee Bureau of Investigation has refused to comment on if 53-year-old dirtbag rapist Terry Britt was a suspect or connected with the Holly Bobo case.

Since the arrest an anonymous donor has upped the reward in the case to a quarter million dollars ($250,000). Residents said that since Holly went missing last year, many in the community questions if Britt was involved.

The recent news of an increase in the reward for information leading to Bobo's safe return has local residents hopeful of some good new soon. Dirtbag Terry Britt is 5' 11" tall and weighs 200 lbs.

"They're still wondering if there is a connection. If there is something the TBI may know that we still don't know. I'm sure there is a lot they do know, but we don't know," said a Parsons Resident.

Holly Lynn Bobo was last seen early on the morning of April 13, 2011, outside of her home in Darden, Tennessee. She was seen being led away from the carport of her home toward a wooded area by a man (WHITE MALE) described as approximately 5'8" to 6'0" tall and 200 pounds, wearing camouflage clothing. Holly Lynn Bobo was last seen wearing a pink shirt and light blue jeans. 

Cops need to lean real hard on dritbag Terry Britt who is 5' 11" tall and weighs 200 lbs and has three prior rape convictions.


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com

LA "West Side Crips" Gang Sign Mural On Tube Dude Building in Sarasota, Tagging Courtesy of MTO

HERALD TRIBUNE....Sarasota Community divided over 'Fast Life' mural on Tube Dude building. The back and forth debate over the fate of the "fast life" mural painted on a Rosemary District building has taken a new turn, with a strong contingent of neighbors and community leaders now urging removal of the controversial mural.

At a recent community meeting, and in a door-to-door survey of neighbors, more opposition arose to the mural and what some perceive as its image that is possibly gang-related or relates to slang used in prisons (IT IS).

Area resident Maynard Hiss, who attended the town hall meeting late last month and participated in the survey, said many are concerned about the negative connotation of the "fast life" message for children in the community...MORE FROM THIS SOURCE.


"FAST LIFE MURAL" tagging advocates Denise Kowal and Lori Escalera have jumped on the Freedom of Speech band wagon and have attacked Michael Paragon the editor of "Rise Magazine" a weekly publication of Sarasota's Black Community for his stance on the gang mural on the Tube Dude building which is near the Newtown section of Sarasota. 

Rise Magazine editor Michael Paragon says..."After sitting through a City Hall meeting and hearing the mural controversy rear its head again, I had to question the motivations of a man who appears to be on a mission. I’m speaking of Scott Gerber, owner and creator of “The Tube Dude” fad! His apparent defiance over what seems to be a “no brainer” may be the result of a differing in backgrounds than the rebel without a cause act."


Denise Kowal and Lori Escalera, who lives in the LA area and promotes Chalk Street Painting, have a vested interest in continuing to have taggers like MTO come to Sarasota for future Chalk Street Painting festivals, money talks, and Lori Escalera has a lot to say for an outsider who has no clue on the surge in violence in Newtown.

Lori Escalera promotes and does Chalk Street Painting across the USA, she makes money with goofballs like MTO.  MTO aka Mateo never reveals his real and/or full name, claims he is from France but lives in Berlin GR, taggers that won't reveal their full name usually have a criminal record or outstanding warrants, so what is MTO's deal? Sarasota does not need the LA gang "experience" promoted via street taggers like MTO.


Tagger MTO provides Graffiti on buildings and walls and gets paid for it, see his gang influenced work above, not too long ago he would have been arrested for "his work".

Tagging advocate Lori Escalera says on SNN6 News..Do you think a gang member is going to pick up  a gun and shoot someone just because he saw the Tube Dude Crips gang mural... Uh yeah, read below.


Crips Gang/Set Los Angeles, California,US
Founded by; Raymond Washington and Stanley "Tookie" Williams (executed in prison).
Years active; 1969–present
Ethnicity; mostly African American with some members white, hispanic, Asian.Membership; 30,000-35,000
Livin the Fast life Criminal activities; Drug trafficking, robbery, extortion, murder, burglary and ID theft.
Allies;  Folk Nation,Gangster Disciples, La Raza, Black Guerrilla Family,
Rivals;  Bloods, People Nation, Ñetas, Hoover Criminals Sureños (SUR 13).

Crips are publicly known to have an intense and bitter rivalry with the Bloods and lesser feuds with some Chicano gangs (SUR-13). Stanley “Tookie” Williams met Raymond Lee Washington in 1969, and the two decided to unite their local gang members from the west and east sides of South Central Los Angeles in order to battle neighboring street gangs and kill them. Most of the members were 17 years old.


Family/Set/Gang Name:West Side Crips
Colors: Blue
Gang hand sign: "C" and "W" crossed fingers
Leader:-Marucs East
Family/Gang Rules of the "Set":
- Do not attack other family members or faction members with no reason.
- Do not capture/takeover other family's HQ/Base with no reason.
-Dont Snitch
-Be Down till you die
-Respect da O.G ...leader


West Side Crips Rank names:
-Rank 1:New Foo
-Rank 2:Soldier
-Rank 3:Young crip
-Rank 4:Gangsta crip
-Rank 5:Lil O.G
-Rank 6:Street O.G (leader)
West Side Crips....Background story in their own words "Livin the Fast Life"; When Marcus McVey and his brother was just babys an there family was mostly Crips, so there for that’s what they became and they grew up on SF. 5years past by and there mother was in the kitchen cooking for her family, then out of nowhere they heard something like"Bloodz Bitch", then shots started popping off and Marcus his brother ran under the table and put their hands over their heads and started crying,then closed there eyes. After all the shooting they open their eyes and saw there mother laying on the floor dead. When Marcus and his brother got 13 they asked their father (Raul “OG” Banks) could they be down with the set (gang), and their father asked them” are you sure you ready for what you about to take,” and Marcus and his brother said,” yes. When his father took them to the backyard the dogs started barking,and it was dark and raining, then their father did a sound, (Criiiiiiiiiip) next thing you know five of their fathers YC’s came out( Young Crips ),so Marcus and his brother looked surprise and said,” Lets do it”.



After, 15min past by Marcus and His Brother , and gave them their blue flags. Now Marcus and his brother went to school starting fights, breaking rules, and out right out of control so they kicked them out of school. Then the streets became there school they learned more and more about there set. Then one morning they woke up and all they could think about was money. Marcus and his brother use to walk down the street and see people with new shoes on an new clothes an all they had was some cut up pants and a musucle shirt , so they figured why not rob them. Marcus robbed every cornor shop he knew in Los Santos and his brother robbed couple of people at that and made like 3000$ all together in one day untill his father told them" you dont need all that money sons, you could of just ask me, but i use to do the same thang yall did egared for money". They hated asking for money, they wanted to earn it their own way, but they did what they father told them to do and stopped robbing people.

Then 6 years past by they was sitting on the porch with their homies on LS down the street from the store, then a red impala was riding in there hood so they flag the car down and said,"Yo homie you need something", so the impala hit a U-turn then the dude pulled up in John and his brother face and on the side of the car they saw, Compton Bloodz so Marcus said, “ Wrong hood homie”, and the dude in the red impala said,” what you say little cracka”, so his brother took that very offensive so he pulled the man out his car and start beating the blood to his knees in 3 hits, then his father came outside and grab his brother an said,” what the fxxx is wrong with you boy”, Marcus was speech less, so his father took his brother in side and while he was in the house Marcus and his homies start whooping the blood also and left him on the curb half dead.  Marcus and his brother knew they started a war therefore they didn’t give a fxxx so they made their own click with their homies called the Westside Crips and went head up with anybody that got in their way.

LA "West Side Crips" Gang Sign Mural On Tube Dude Building in Sarasota, Tagging Courtesy of MTO.  "Livin the Fast Life" gets you dead or in prison, Tube Dude owner in Sarasota needs to wake up.


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com

Thursday, February 02, 2012

Does Arrest of Mad Dog Rapist Terry L. Britt Link to the Murder of Karen Swift And The Kidnapping of Holly Bobo in Tennessee?


Terry Lee Britt DOB 1/26/1959, age 53, has been arrested in Parsons TN, Britt is currently in the Madison County Sheriff's Department's jail.  Last known address for Terry Britt was 3138 JEANETTE HOLLADAY RD PARSONS TN, drivers license number 58584142.  Terry L. Britt prior arrests and convictions include a 07/29/1995  RAPE,  a 08/01/1986 SEXUAL BATTERY and a 06/30/1977  RAPE.

Terry L. Briit had two vehicles registered in TN, a red 1993 Dodge Caravan with tag number 223-CBK and a black 1994 Dodge Dakota pick up with tag number 162-CBL

ABC News is reporting that the arrest of violent sex offender Terry Britt could lead to answers in the disappearance of Holly Bobo, (also nearby murder of Karen Swift).  A Madison County grand jury indicted 53-year-old Terry Britt on charges of sexual battery, attempted rape and two counts of aggravated kidnapping. He's been on the Tennessee Sex Offender Registry since 1977.

Britt is accused of picking up women in vans and taking them somewhere to assault them. Investigators believe Terry Britt was working with another person to assault women (who would that be). Terry Britt lives in Parsons, Tennessee, the same town as Holly Bobo did.


Dirtbag Terry L. Britt is 5' 11' tall and over 200 lbs, he is a match for the man who was seen kidnapping Holly Bobo. Terry L. Britt is listed as a "violent sex offender" on the Tennesse Sexual Offender Registry see link http://www.tbi.state.tn.us/sorint/sor_Details.aspx?htid=00084820

Does Arrest of Mad Dog Rapist Terry L. Britt Link to the Murder of Karen Swift And The Kidnapping of Holly Bobo in Tennessee, MORE TO FOLLOW.


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com 

Does Misty Gwinner Cold Case Link To Missing Paige Johnson and Katelyn Markham Cases, Florence KY Truck Stop is Key.


THERE IS NO ARTICLE ABOUT OR WRITTEN BY CHELSEA HOFFMAN ON MY WEBSITE!


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com

Tuesday, January 31, 2012

6 Petite Blonde Females Go Missing in TN, OH, IND and KY on Day of Month With a 3, the 3rd Tarot Card is 'The Empress' Depicted as a Female With Blonde Hair.

What happened to these 6 beautiful petite blonde haired females, no cell phone activity, no credit card activity, nothing. It appears that the families of the missing women, Crystal Hall, Paige Johnson, Holly Bobo, Lauren Spierer, Kateyln Markham and Karen Swift, are in the dark about any leads in their cases from the cops, See CNN headline news VIDEO CLICK HERE.

For some reason all the dates when these 6 petite beautiful blonde females initially go missing, has a 3 in it, like the 3rd, the 13th, the 23rd and the 30th, also the 3rd and the 13th are repeated twice, very odd or is it a clue? 

Two women are abducted from Kentucky, Two women are abducted from Tennessee, (one murdered), One woman abducted from Indiana and One woman abducted from Ohio, they all have shoulder length blonde or red hair and are very petite sized white females, there has been no trace of any of the women, there are no suspects and no persons of interest so says law enforcement.

Dates & times when the six petite blonde females were first reported missing and/or abducted;
1). Karen Swift…………….. Sunday @ 5:00 am October 30th, 2011 Dyersburg TN
2). Katelyn Markham..……..Saturday @ 11:00 pm August 13th 2011 Fairfield OH
3). Lauren Spierer ……..…..Friday @ 4:30 am June 3rd 2011 Bloomington IN
4). Holly Bobo ………….….Wednesday @ 7:40 am April 13th 2011 Darden TN
5). Paige Johnson …….….Thursday @ 1:00 am September 23rd 2010 Florence KY
6). Crystal Hall…………..…Tuesday March 3rd, 2009, Pikeville KY

So what is going on here, six petite look-a-like white blonde females out of Tennesse, Indiana, Ohio and Kentucky have been murdered, kidnapped or just “missing” since March of 2009 and nobody knows anything, that includes the FBI, TBI, Kentucky State Police, Bloomington Police, Covington Police, Ohio State Police and the hired Private Detectives.

What does this number 3 mean and does the number 3 have anything to do with when all of these six petite females initially went missing?

From a link provided by Tony Stewart, the Author of "The Search For Lauren Spierer", he claims that the number 3 has meaning, see The Number 3, Astrology, Alchemy & Revolution.
ZODIAC SIGNS AND TAROT CARDS WITH NUMBER 3, BUNK OR REAL......According to "Ancient Indian Astrology" (who knows) the number 3 is most sacred in nature and creation and in all occult division, 3 or its multiple is perfection and completion, 12 signs of the zodiac each has 30 degrees, the 3rd zodiac sign Pleiades falls in the 3rd nakshatra and Krittika, 3 Is also war, the pyramids and their 3 geometry of Giza lie on 30 degree latitude, the 3rd Tarot card 'The Empress' is a white female, there are 3 constellations that guide humanity - Sirius, Orion, Pleiades -Sirius & Orion fall in Gemini the 3rd zodiac sign, and on and on and on it goes with links to the Zodiac, Taort cards and the number 3.

The Tarot card for 2010 is the Empress, the 3rd Tarot card of the deck is 'The Empress', she is depicted as a white female with shoulder length blonde hair, see photo of "Empress the 3rd Tarot card" above, is some nutjob using this The Number 3, Astrology, Alchemy & Revolution as a road map to abduct petite blonde haired females?  What do the FBI Serial Killer profilers say, anything?


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com 

TWO OF A KIND CEO LAWSUITS....David J. Stern Law Ofice and Steve D. Fredrickson Portfolio Recovery Associates Charged With Fraud and Illegal Debt Collection In Florida


"SHOW ME THE MONEY", BOYS.........CEO David J. Stern of the David J. Stern Law Ofice and CEO Steve D. Fredrickson of Portfolio Recovery Associates have had Civil Complaints filed against them for fraud, libel and slander and illegal debt collection, respectively, in Broward County Civil Court, Sarasota County Civil Court and NOW one consolidated case of five United States District Court cases in Southern California that had oginated in Florida.

David J. Stern and his Law Office sold their “Biz Plan” to NASDAQ investors stating that a foreclosure law office could make $$$ Millions by bidding on bundled failed mortgages from Fannie Mae, Freddie Mac, Bank America and Wells Fargo among others, then foreclose on the mortgages at $1,200 a pop and do volume “Biz” at break neck speed through what turned out to be illegal practices like “Robo Signing”.  

Steve D. Fredrickson president and CEO of Portfolio Recovery Associates sold his "Biz Plan" to NASDAQ investors stating, in his most recent Securiteis and Exchange Commission Report (SEC), that a collection agency could make $$$ Millions by buying “bundled old bad debt” and accounts discharged by Federal Bankruptcy from banks like Wells Fargo and Bank America, sound familiar. 

It is illegal to attempt to collect on accounts discharged by Federal Bankruptcy Courts and most of the bundled dated bad debt of Portfolio Recovery Associates has gone way past individual states statue of limitation on time to collect.  

UPDATE.....NYT Feb. 1st, 2012,  F.T.C. Fines Debt Collector $2.5 Million. The Federal Trade Commission that it would continue to crack down on debt collectors who harass consumers for money they may not even be legally obligated to pay. The F.T.C. said that Asset Acceptance had agreed to pay a $2.5 million civil penalty to settle charges that the company deceived consumers when trying to collect “old bad debt” and accounts discharged by Federal Bankruptcy.  This is the exact same business plan that Steve D. Fredrickson president and CEO of Portfolio Recovery Associates sold his investors on NASDAQ.

David J. Stern, the Florida foreclosure lawyer who profited off the state’s housing bust before losing his biggest clients Fannie Mae and Freddie Mac, was sued by a partner company that claims it was damaged by Stern’s (illegal) foreclosure practices for FRAUD.

DJSP Enterprises Inc. (DJSP), which took on the non-legal foreclosure-processing services of Stern’s law firm and depended on his referrals, said in a copy of a complaint included in a regulatory filing dated Jan. 3 that Stern concealed his business was “systematically engaging in unlawful and fraudulent conduct” in foreclosures.

Those practices jeopardized Stern’s relationships with his biggest clients, including banks and government mortgage companies Fannie Mae and Freddie Mac, and the viability of his law firm and DJSP, according to the complaint. DJSP said the complaint was filed January 3rd, 2012 in Broward County, Florida, MORE FROM THIS SOURCE

Case Type: Fraud;
Plaintiff… Dal Group, LLC
Plaintiff… Djs Processing, LLC
Plaintiff… DJSP Entreprises Inc. FKA Chardan 2008 China Acquisition Corp.
Defendant… P&M Corporate Finance, LLC
Defendant… Stern Holding Company-DS, Inc FKA Default Servicing, Inc
Defendant… Stern Holding Company-PT, Inc. FKA Professional Title and Abstract Company of Florida, Inc

LAWSUIT…In Sarasota County Court I, private investigator Bill Warner, have an ongoing Libel/Slander Civil Complaint filed against David J. Stern, Law Offices of David J. Stern and two of the Stern associate attorneys.
Sarasota County Court Case Number 2010 CA 010482 NC
Plaintiff Name WILLIAM WARNER
Defendant Name
TOMAS KUCERA ESQ
VIVIEN LEORA LURLENE
 
CEO Steve D. Fredrickson and Portfolio Recovery Assoctiates Inc. has had so many Federal Complaints filed against them that all of the Complaints will now be consolidated in the Southern District of California per an Order filed on December 21st, 2011, see more info at link CLICK HERE.

SOUTHERN DISTRICT OF CALIFORNIA
Danny Allen jr v. Portfolio Recovery Assoctiates Inc C.A. No 3:10-02658
Jesse Meyer v. Portfolio Recovery Assoctiates Inc C.A. No.3:11-01008
MIDDLE DISTRICT OF FLORIDA
Karen Harvey v. Portfolio Recovery Assoctiates Inc C.A. No. 6:11-00582
MIDDLE DISTRICT OF FLORIDA
Kimberly Bartlett v. Portfolio Recovery Assoctiates Inc C.A. No. 1:11-00624
NORTHERN DISTRICT OF ILLINOIS
Jeremy Frydman v. Portfolio Recovery Assoctiates Inc C.A. No. 1:11-00524
BLOOMBERG BUSINESSWEEK January 31, 2012 3:00 AM ET….Turner Law Offices, LLC and Arcadier & Associates, P.A. Files Class Action Lawsuit Against Portfolio Recovery Associates, LLC. The law firms of Turner Law Offices, LLC and Arcadier & Associates, P.A. had filed a Class Action lawsuit against Defendant Portfolio Recovery Associates, LLC in the United States District Court for the Middle District of Florida on behalf of all persons in the State of Florida who, since February 18, 2011, received a non-emergency telephone call from PRA to a cellular telephone through the use of an automatic telephone dialing system or an artificial or prerecorded voice and who did not provide prior express consent for such calls during the transaction that resulted in the debt owed.

The action was captioned Karen Harvey et al. v. Portfolio Recovery Associates, LLC, and was numbered 6:11-CV-00582.  It is now know as Kimberly Bartlett v. Portfolio Recovery Assoctiates Inc C.A. No. 1:11-00624 in the Southern District of California see more info at link CLICK HERE.



Steve D. Fredrickson president  (bald man in center- photo above) and Portfolio Recovery Associates are under attack by the FCC, multiple Federal Lawsuits and a Class Action Lawsuit, their SEC report indicates multiple problems with negative publicity and FCC recommend enforcement actions. The Portfolio Recovery Associates stock (PRAA) as traded on NASDAQ has dropped from a high of $91.00 to a low of $56.00 during 2011.

BOTTOM FEEDERS like Steve D. Fredrickson CEO of Portfolio Recovery Associates and David J. Stern of the Stern Law Office made their $$$ Millions off the misery of others. Steve D. Fredrickson and Portfolio Recovery Associates is another house of cards just like the Stern Law Office Foreclosure Scam.


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com

RISKY BUSINESS...Steve D. Fredrickson and Portfolio Recovery Associates Sold His "Biz Plan" to NASDAQ Investors Just Like Foreclosure King David J. Stern Did.



RISKY BUSINESS PART #1.....Foreclosure King David J. Stern and the Stern Law Office sold his business plan to NASDAQ investors when DJSP Enterprises went public. Stern and his Law Office sold the "Biz Plan" that a foreclosure law office could make $$$ Millions by bidding on bundled failed mortgages from Fannie Mae, Freddie Mac, Bank America and Wells Fargo among others, foreclose on the mortgages at $1,200 a pop and do volume "Biz" at break neck speed through what turned out to be illegal practices like "Robo Signing".   

David J. Stern's DJSP Enterprises had gone from a high of $75.00 to it's current $0.12 on the NASDAQ, see link http://www.nasdaq.com/symbol/djsp before the current lawsuit for Fraud was filed.

David J. Stern, the Florida foreclosure lawyer who profited off the state’s housing bust before losing his biggest clients Fannie Mae and Freddie Mac, was sued by a partner company that claims it was damaged by Stern’s (illegal) foreclosure practices for FRAUD.

DJSP Enterprises Inc. (DJSP), which took on the non-legal foreclosure-processing services of Stern’s law firm and depended on his referrals, said in a copy of a complaint included in a regulatory filing dated Jan. 3 that Stern concealed his business was “systematically engaging in unlawful and fraudulent conduct” in foreclosures.

Those practices jeopardized Stern’s relationships with his biggest clients, including banks and government mortgage companies Fannie Mae and Freddie Mac, and the viability of his law firm and DJSP, according to the complaint. DJSP said the complaint was filed January 3rd, 2012 in Broward County, Florida, MORE FROM THIS SOURCE

RISKY BUSINESS LAWSUIT #1… Broward County Case Number: CACE12000096
Case Type: Fraud;
Plaintiff… Dal Group, LLC
Plaintiff… Djs Processing, LLC
Plaintiff… DJSP Entreprises Inc. FKA Chardan 2008 China Acquisition Corp.
Defendant… P&M Corporate Finance, LLC
Defendant… Stern Holding Company-DS, Inc FKA Default Servicing, Inc
Defendant… Stern Holding Company-PT, Inc. FKA Professional Title and Abstract Company of Florida, Inc

RISKY BUSINESS PART #2....Steve D. Fredrickson president and CEO of Portfolio Recovery Associates sold his Business Plan to NASDAQ investors stating, in his most recent Securiteis and Exchange Commission Report (SEC), that a collection agency could make $$$ Millions by buying "bundled dated bad debt" and accounts discharged by Federal Bankruptcy from banks like Wells Fargo and Bank America, sound familiar.  The company went public in 2002 and now has operations in 10 states including Virginia, Pennsylvania, Tennessee, Illinois, Texas, Nevada, Kansas, Alabama, New Jersey and California.

According to the SEC Report Steve D. Fredrickson and Portfolio Recovery Associates have purchased almost $55,000,000 in bundled "dated bad debt" and accounts discharged by Federal Bankruptcy for only $1,700,000, that's 30 cents on the dollar and they expect to collect full face value plus costs.  Pretty good "Biz Plan" you would think except for the fact that is is illegal to attempt to collect on accounts discharged by Federal Bankruptcy and most of the bundled dated bad debt has gone way past individual states statue of limitation on time to collect.  

UPDATE.....NYT Feb. 1st, 2012,  F.T.C. Fines Debt Collector $2.5 Million. The Federal Trade Commission that it would continue to crack down on debt collectors who harass consumers for money they may not even be legally obligated to pay. The F.T.C. said that Asset Acceptance had agreed to pay a $2.5 million civil penalty to settle charges that the company deceived consumers when trying to collect “old bad debt” and accounts discharged by Federal Bankruptcy.  This is the exact same business plan that Steve D. Fredrickson president and CEO of Portfolio Recovery Associates sold his investors on NASDAQ.

Steve D. Fredrickson president  (bald man in center- photo above) and Portfolio Recovery Associates are under attack by the FCC, multiple Federal Lawsuits and a Class Action Lawsuit in Florida, their SEC report indicates multiple problems with negative publicity and FCC recommend enforcement actions. The Portfolio Recovery Associates stock (PRAA) as traded on NASDAQ has dropped from a high of $91.00 to a low of $56.00 during 2011.

RISKY BUSINESS LAWSUITS PART #2.....US Federal Court Lawsuits- Defendant Portfolio Recovery Associates, LLC et al.
Collins v. Portfolio Recovery Associates, LLC et al.
Updated: January 23, 2012
Plaintiff: Brandy Collins
Defendants: Portfolio Recovery Associates, LLC
 
BLOOMBERG BUSINESSWEEK January 31, 2012 3:00 AM ET….Turner Law Offices, LLC and Arcadier & Associates, P.A. Files Class Action Lawsuit Against Portfolio Recovery Associates, LLC. The law firms of Turner Law Offices, LLC and Arcadier & Associates, P.A. have filed a Class Action lawsuit against Defendant Portfolio Recovery Associates, LLC in the United States District Court for the Middle District of Florida on behalf of all persons in the State of Florida who, since February 18, 2011, received a non-emergency telephone call from PRA to a cellular telephone through the use of an automatic telephone dialing system or an artificial or prerecorded voice and who did not provide prior express consent for such calls during the transaction that resulted in the debt owed. The action is captioned Karen Harvey et al. v. Portfolio Recovery Associates, LLC, and is numbered 6:11-CV-00582.

BOTTOM FEEDERS like Steve D. Fredrickson CEO of Portfolio Recovery Associates and David J. Stern of the Stern Law Office made their $$$ Millions off the misery of others. Steve D. Fredrickson and Portfolio Recovery Associates is another house of cards just like the Stern Law Office Foreclosure Scam.

Steve D. Fredrickson CEO of Portfolio Recovery Associates in their illegal attempts to collect on discharged Federal Bankruptcy accounts has illegally published the Name, Address, Date Of Birth (DOB) and Social Security Numbers (SSN) of private individuals leaving them open to Identity Theft (ID).  I wonder how Steve D. Fredrickson CEO of Portfolio Recovery Associates would like to see his home address, cell phone number, DOB and SSN published?

Steve D. Fredrickson, DOB X/XX/1959,  age 52
SSN..353-4X-XXXX 
CEO of Portfolio Recovery Associates
Home address; VIRGINIA BEACH, VA 23452
Cell phone number to be announced.



Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com

Portfolio Recovery Associates (PRA) Class Action Lawsuit in Florida For Harassing Cell Phone Calls, PRA Directors Names and Phone Numbers From SEC Report As Stock Value Tanks

RISKY BUSINESS...Steve D. Fredrickson president  (bald man in center- photo above) and Portfolio Recovery Associates under attack by FCC and multiple Federal Lawsuits and a Class Action Lawsuit in Florida, their SEC report indicates multiple problems with negative publicity and FCC recommend enforcement actions. The Portfolio Recovery Associates stock (PRAA) as traded on NASDAQ has dropped from a high of $91.00 to a low of $56.00 during 2011.

UPDATE.....NYT Feb. 1st, 2012,  F.T.C. Fines Debt Collector $2.5 Million. The Federal Trade Commission that it would continue to crack down on debt collectors who harass consumers for money they may not even be legally obligated to pay. The F.T.C. said that Asset Acceptance had agreed to pay a $2.5 million civil penalty to settle charges that the company deceived consumers when trying to collect “old bad debt” and accounts discharged by Federal Bankruptcy.  This is the exact same business plan that Steve D. Fredrickson president and CEO of Portfolio Recovery Associates sold his investors on NASDAQ.
Unsavory Business And Murky Accounting Undervalue Portfolio Recovery Associates; While companies like Encore Capital (Nasdaq: ECPG), Asset Acceptance (Nasdaq: AACC) or Asta Funding (Nasdaq: ASFI) tend to be relatively responsible, it's not uncommon to see newly minted companies come into the market, mess up pricing, and go bust ( Portfolio Recovery Associates) when they cannot collect enough to stay in business.

Portfolio Recovery Associates, LLC, also known as Anchor Receivables Management, the company was incorporated in 1996 and is based in Norfolk, Virginia with additional offices in Alabama. Portfolio Recovery Associates, LLC operates as a subsidiary of Portfolio Recovery Assoc., Inc. in New York State.


FROM the most recent SEC Report as per Steve Fredrickson and Portfolio Recovery Assoc., Inc., Negative publicity or reputational attacks could damage our reputation (and bottom line).  "There are negative news stories about our industry or company, especially with respect to alleged conduct in collecting debt from customers. Negative public opinion about our alleged or actual debt collection practices or about the debt collection industry, especially that expressed via social media such as blogs, various websites or newsletters, generally could adversely impact our stock price and our ability to retain and attract customers and employees."

"The Federal Trade Commission has the authority to investigate consumer complaints against debt collection companies and to recommend enforcement actions and seek monetary penalties. If we fail to comply with applicable laws and regulations, such failure could result in the suspension, or termination of our ability to conduct collections which would materially adversely affect our results of operations, financial condition and stock price. In addition, new federal and state laws or regulations or changes in the ways these rules or laws are interpreted or enforced could limit our activities in the future or significantly increase the cost of compliance."


BLOOMBERG BUSINESSWEEK January 31, 2012 3:00 AM ET....Turner Law Offices, LLC and Arcadier & Associates, P.A. Files Class Action Lawsuit Against Portfolio Recovery Associates, LLC. The law firms of Turner Law Offices, LLC and Arcadier & Associates, P.A. have filed a Class Action lawsuit against Defendant Portfolio Recovery Associates, LLC in the United States District Court for the Middle District of Florida on behalf of all persons in the State of Florida who, since February 18, 2011, received a non-emergency telephone call from PRA to a cellular telephone through the use of an automatic telephone dialing system or an artificial or prerecorded voice and who did not provide prior express consent for such calls during the transaction that resulted in the debt owed. The action is captioned Karen Harvey et al. v. Portfolio Recovery Associates, LLC, and is numbered 6:11-CV-00582.


According to the Complaint, PRA violated the Telephone Consumer Protection Act by using automatic dialing systems and/or an artificial or prerecorded voice to contact cell phone users about purported debts without their prior consent. Under the TCPA, PRA could be ordered to pay attorneys’ fees, litigation expenses and costs of the lawsuit, and statutory damages of $500 for each negligent violation, and/or $1,500 for each knowing and/or willing violation. According to the Complaint, the potential Class Members are estimated to number in the tens of thousands. Additionally, the complaint alleges collective damages exceeding five million dollars ($5,000,000).

Reverside Commerce Center
120 Corporate Boulevard Suite 100
Norfolk VA 23502
Phone: 1-888-772-7326
Phone: 1-757-519-9300
#75-3078675  (I.R.S. Employer Identification No.)
2). Kevin P. Stevenson CFO
3). John H. Fain Director
4). John E. Fuller Director
6). David N. Roberts Director
7). Scott M. Tabakin Director

THE CORRECT PROCESS TO REPORT PORTFOLIO RECOVERY ASSOCIATES: File complaints with Federal Trade Commission (FTC) https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en

If you or they are located in NY – use this SPECIAL Link www.NYDebtHelp.com This special website was created by NY AG Andrew Cuomo specifically for reporting illegal debt collection practices.

New York State Entity Name: PORTFOLIO RECOVERY GROUP L.L.C.
Portfolio Recovery Associates, LLC does not have any Key Executives recorded.
Initial DOS Filing Date: JANUARY 15, 2010
County: ERIE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE
Selected Address to which DOS will mail process if accepted on behalf of the entity.
PORTFOLIO RECOVERY GROUP L.L.C.
793 CENTER STREET, SUITE 114 (UPS Store)
LEWISTON, NEW YORK, 14092 see link for address http://www.theupsstorelocal.com/6143/


Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com