The SEC is investigating WAMU in connection with alleged inflated appraisals coerced from a First American Corporation subsidiary.
What’s new? Is involvement in fraud a systemic a long lasting way of life at the First American Corporation?
The SEC better be advised that the First American Corporation, WAMU’s partner in alleged crime, has never hesitated to conceal material facts from investors in the past.
We hold tangible proof on hand that, in order to entice investors to participate in a fraudulent loan, the First American Corporation failed to disclose hard facts of record discovered by First American examiners long before the loan was made.
First American Corporation went even further. In that instance, First American did not reveal to investors that in order to entice the lenders to participate in a fraudulent mortgage scheme, First American had secretly obtained a worthless indemnity agreement from the borrower.
As in the alleged case with WAMU, at the time, the First American Corporation was eager to accept a grossly inflated appraisal. The First American Corporation obviously did so then, just as it is reported to have done now. It stays motivated by uncontrolled greed and the lure of future business at any cost.Note that in my case, I have paid leading attorneys to discover the above and reach those damning conclusions. Their opinions are on hand! Sadly, most of the senior First American Corporation senior executives involved then are still at the helm and probably just as involved now!
Can a leopard ever change its spots?
What’s new? Is involvement in fraud a systemic a long lasting way of life at the First American Corporation?
The SEC better be advised that the First American Corporation, WAMU’s partner in alleged crime, has never hesitated to conceal material facts from investors in the past.
We hold tangible proof on hand that, in order to entice investors to participate in a fraudulent loan, the First American Corporation failed to disclose hard facts of record discovered by First American examiners long before the loan was made.
First American Corporation went even further. In that instance, First American did not reveal to investors that in order to entice the lenders to participate in a fraudulent mortgage scheme, First American had secretly obtained a worthless indemnity agreement from the borrower.
As in the alleged case with WAMU, at the time, the First American Corporation was eager to accept a grossly inflated appraisal. The First American Corporation obviously did so then, just as it is reported to have done now. It stays motivated by uncontrolled greed and the lure of future business at any cost.Note that in my case, I have paid leading attorneys to discover the above and reach those damning conclusions. Their opinions are on hand! Sadly, most of the senior First American Corporation senior executives involved then are still at the helm and probably just as involved now!
Can a leopard ever change its spots?
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