California Sues JP Morgan Chase for Illegal Practices

The documented frauds and abuses of power by the big banks continues, although outside the protected (bought) jurisdiction of NYC it’s getting more difficult. Unfortunately, the massively deep pockets created by decades of ripping people off can always wear down the other side to get them a cost of doing business fine, no jail time, and a plea that doesn’t require them to admit guilt. As long as this is the case, the public will continue to be fleeced. If you have your money with these crooks, you’re part of the problem.

JPMorgan Chase engaged in what has become called ”robo-signing” where they churned out lawsuits that was a practice which became widely used during the mortgage foreclosures until it was outlawed. Banks were forging signatures and pretending they had titles when the did not. JPMorgan Chase was one of the five major banks that settled with California and other states after the housing market meltdown for such practices.

This time the lawsuit concern debt-collection where once again officials similarly signed legal documents that included sworn declarations without reviewing the related files and bank records or even reading the documents. Anyone else would get 5 years in prison for such antics. JPMorgan Chase actually filed 469 debt-recovery lawsuits in a single day day alone. The company’s in-house lawyers filed an average of 100 lawsuits a day for each day the courts were open while its outside counsel filed yet another 20,000 lawsuits.

You can leave a response, or trackback from your own site.

4 Responses to “California Sues JP Morgan Chase for Illegal Practices”

  1. underwear says:

    Simply want to say your article is as astonishing. The clearness on your publish is just cool and i can assume you’re knowledgeable on this subject. Fine along with your permission allow me to grab your RSS feed to stay up to date with imminent post. Thanks 1,000,000 and please keep up the gratifying work.

  2. Wow, superb weblog format! How long have you ever been running a blog for? you made blogging glance easy. The overall look of your website is excellent, let alone the content material!

  3. I will immediately snatch
    your rss as I can’t in finding your email subscription hyperlink or newsletter service. Do you have any?
    Kindly let me understand so that I may just subscribe.

  4. Blacklisted says:

    Eemail notifications are available on bottom-right portion of site. Thx, BL

Leave a Reply