Lawsuits
FORECLOSURE RELATED SUITS & Government Suits Against Deutsche

Is there anything DEUTSCHE BANK won't due for a quick buck?  ASK Management Board Members: Jürgen Fitschen, Anshu Jain, Stefan Krause, Stephan Leithner, Stuart Lewis, Rainer Neske, Henry Ritchotte or former CEO Josef Ackermann.

NEW YORK | Thu Sep 6, 2012 6:29pm EDT

(Reuters) - Federal energy regulators have asked Deutsche Bank Energy Trading LLC to provide proof that it did not manipulate California energy markets or face a $1.5 million fine, the regulator said in an order issued on Wednesday.

The U.S. Federal Energy Regulatory Commission (FERC) alleged that the bank's energy trading unit "engaged in manipulation and submitted false information in connection with its trading" at the 17 megawatt Silver Peak interconnection in the California ISO between January 29, 2010 and March 24, 2010. (full article at http://www.reuters.com/article/2012/09/06/us-deutschebank-ferc-manipulation-idUSBRE8851CB20120906)

31 July 2012 Last updated at 10:53 ET -- LIBOR SCANDAL: Deutsche Bank admits some staff involved.
Deutsche Bank has confirmed that a "limited number" of staff were involved in the Libor rate-rigging scandal.
However, it said an internal inquiry had cleared senior management of taking part in attempts to manipulate the rate at which banks lend to each other.

Deutsche Bank also announced it is to shed 1,900 staff, mostly outside Germany, due to the European economic downturn.

Most of the posts - 1,500 - will go from Deutsche's investment bank. (full story: http://www.bbc.co.uk/news/business-19066284)



Rought v Deutsche National Trust Company, Trustee, Et Al. - Actual Complaint

www.scribd.com/.../Rought-v-Deutsche-National-Trust-Company-Tr...
Illegal foreclosure and breaking and entering by Deutsche partner Field Asset Services.  Complaint filed for Trespass, Conversion, Negligence, Negligent and Intentional Infliction of Emotional Distress, Invasion of Privacy, Wrongful Foreclosure, Violations of Michigan Consumer Protection and Anti-Lockout Statutes.   

Rought v Deutsche (News Story)
http://www.mlive.com/news/grand-rapids/index.ssf/2010/04/family_files_lawsuit_against_b.html

FORECLOSURE PROPERTIES NOT BEING MAINTAINED

LOS ANGELES SUES DEUTSCHE BANK OVER FORECLOSURE BLIGHT
http://www.reuters.com/article/2011/05/04/us-deutschebank-losangeles-idUSTRE7435NC20110504 


City of Cincinnati Files Lawsuit Against Deutsche Bank/Wells Fargo
http://www.cincinnati-oh.gov/cdap/pages/-35358-/

CINCINNATI:
 The City of Cincinnati filed a lawsuit against Deutsche Bank National Trust Company and Wells Fargo, N.A.  The lawsuit alleges that many of the properties owned by these entities, as well as their business practices relating to their refusal to maintain their properties to the minimum standards required by law, are statutory and common law public nuisances.  The City has sought recovery of fees, fines, costs for demolition and barricade, punitive damages, remedial action and injunctive relief.  The City’s lawsuit will hold these financial institutions to the same community standard for maintaining properties to which we hold our citizen property owners.  The lawsuit will partially address the issues of blight that have impacted our neighborhoods in the midst of the foreclosure crisis in Cincinnati.  The failure to maintain abandoned and foreclosed properties has worked a hardship on both our City and our state.  This lawsuit is one attempt to end the abuse of our local neighborhoods and the loss of value associated with the foreclosure crisis.

Over the past three years, the City of Cincinnati and its departments have made several attempts to communicate with Deutsche Bank and Wells Fargo regarding the hundreds of properties and buildings they own throughout the City that were and are in violation of City health and housing codes.  These parties have consistently failed to take responsibility for the maintenance and upkeep of such properties.  Deutsche Bank and Wells Fargo have denied ownership of these properties and have consistently refused service of process and ignored summonses, orders, citations and notices of violations from City Departments. “ These banks are externalizing the costs of their liabilities while profiting from their unlawful behavior.  Such behavior and misconduct has made the task of addressing the problem of blighted and nuisance properties in our neighborhoods all the more onerous”, said John Curp, City Solicitor.  The City’s lawsuit is one step in ending the blighted condition of City neighborhoods affected by poor lending and banking practices. Contacts: Paula Boggs Muething 513.352.4551, Tiffany Hardy 513.352.5377/Cell 240.4387
  

US GOVERNMENT SUES DEUTSCHE BANK
LOS ANGELES--
May 3, 2011----By Nathaniel Popper, Los Angeles Times
Reporting from New York — The federal government is seeking more than $1 billion from Deutsche Bank in a fraud lawsuit that could open a new front in a campaign to punish companies that churned out the low-quality mortgages blamed for sparking the financial crisis.  The lawsuit filed Tuesday in Manhattan federal court says the German financial giant's New York-based home lender, MortgageIT, recklessly approved 39,000 mortgages for government insurance from 1999 to 2009 "in blatant disregard" of whether borrowers could make the required monthly payments.  SEE: http://articles.latimes.com/2011/may/03/business/la-fi-deutsche-bank-20110504

Class Action Against Banks Including Deutsche
http://www.lawyersandsettlements.com/blog/tag/deutsche-bank AND http://www.lawyersandsettlements.com/case/banks-foreclosure-proceedings-class-action-bank.html

Private Mortgage Fraud Investigator Zeroes In on Deutsche Bank
http://www.realestatechannel.com/us-markets/residential-real-estate-1/deutsche-bank-stephen-dibert-mfi-miami-llc-glenn-f-russell-jr-miami-default-mortgages-shaun-rice-dearmas-millich-rice-alex-finkelstein-490.php

"Deutsche Bank is named as the trustee on nearly 50 percent of the fraud investigations we have done in the past six months," says Stephen Dibert, president of MFI-Miami, an 11-month-old firm he founded in West Palm Beach, FL.”   

Lawsuits accuse lenders of sabotaging mortgage modifications: More borrowers are taking banks and loan servicers to court, alleging they were misled when they tried to renegotiate the terms of their loans.
http://articles.latimes.com/2010/oct/26/business/la-fi-mortgage-lawsuits-20101026

VINDICTIVE S.O.B.s


Deutsche Bank Sues Foreclosure Fraud Expert's Son With No Financial Interest In Her Case - excerpts from an article by Zach Carter for the Huffington Post, filed 05/13/2011---

 

WASHINGTON -- Deutsche Bank appears to have retaliated against a high-profile foreclosure fraud expert, whose years-long battle against her own foreclosure helped reveal a wave of apparent malfeasance, by suing her son.

The expert, Lynn Szymoniak, an attorney who specializes in white-collar crime, is widely considered on Capitol Hill to be one of the nation's top experts on foreclosure law. When Deutsche Bank attempted to jack up the interest rate on the mortgage for her Palm Beach Gardens, Fla., home in May 2008, she contested the move, setting off an investigation which unveiled mountains of forged signatures and fraudulent bank paperwork associated with the foreclosure process.

Szymoniak alerted other attorneys, neighborhood advocates, lawmakers and the media about the apparent rampant fraud.

Her own home has been in foreclosure since June 2008. A month earlier, she had been notified that the interest rate on her adjustable-rate mortgage was being raised, increasing her monthly payments by about $1,000. But the terms of her mortgage only allowed interest-rate hikes at certain dates. Szymoniak noted that Deutsche Bank was not acting within the allowed timeframe.

After she'd been sued, Szymoniak said, she began investigating the documentation on Florida foreclosures, uncovering alarming irregularities, including signatures that were apparently forged. If so, those signatures allowed banks to push foreclosures through overly quickly, charge improper fees and assert improperly inflated borrower debts.

Szymoniak then won a major victory in her own foreclosure case. The court found that Deutsche Bank was unable to demonstrate ownership of her mortgage, which had originally been issued by the defunct subprime mortgage lender Option One, and threw the case out.

Deutsche Bank was permitted to refile its case if the bank could obtain proper documentation.  On Friday, May 6, Szymoniak received a notification from the bank's lawyers that she was again being sued for foreclosure.

But Deutsche Bank wasn't just going after her. The bank was also attempting to sue her son, Mark Cullen, who is currently pursuing a graduate degree in poetry at the New School in New York. Cullen hasn't lived in Szymoniak's house for seven years and is not a party to any aspect of her mortgage -- he has no interest in either the property or the loan, and never has had any such interest, according to Szymoniak.

And other Florida foreclosure experts say it's difficult to interpret Deutsche Bank's move as anything other than retaliation for Szymoniak's media presence. If it is not, in fact, retaliation, they argue, then Deutsche Bank's lawyers have demonstrated rank incompetence.

"It's an intimidation tool," said Matt Englett, a partner at the Florida law firm Kaufman Englett Lynd PLLC.

"If he's not an owner of the house, it's pretty clearly just vindictive," said Joshua Rosner, the managing director of Graham Fisher & Co., a mortgage investment firm.


Update:

Deutsche Bank maintains that it is not to blame: "Pursuant to the aforementioned contracts for securitization trusts, loan servicers, and not the trustee, are responsible for foreclosure-related legal proceedings. The attorneys and law firms who oversee foreclosure proceedings on behalf of the trusts are engaged by loan servicers rather than the trustee. Loan servicers are obligated to adhere to all legal requirements, and Deutsche Bank, as trustee, has consistently informed servicers that they are required to execute these actions in a proper and timely manner," said Deutsche Bank spokesman John Gallagher.  BULL SHIT -- TAKE RESPONSIBILITY, YOU ASSHOLES:  Jürgen Fitschen, Anshu Jain, Stefan Krause, Stephan Leithner, Stuart Lewis, Rainer Neske, Henry Ritchotte! 


 

FLASH

May 2012 : Manhattan U.S. Attorney Recovers $202.3 Million From Deutsche Bank And MortgageIT In Civil Mortgage Fraud Case. READ Justice Dept Press Release

GLOBAL PASSION

MUST READ Deutsche's Global Passion to Foreclose.  Like the "energizer bunny", Deutsche plans to keep on going until its batteries stop running OR one by one its executives are sent to the ovens.   Deutsche's ongoing fraud reports.

DB EXECUTIVES

Jürgen Fitschen

Anshu Jain

Stefan Krause

Stephan Leithner

Stuart Lewis

Rainer Neske

Henry Ritchotte

Josef Ackermann

SCANDAL

Deutsche Bank and Olympic Uniform SCANDAL - Read all about it!

NATIONAL ANTHEM

Deutsche Bank National Anthem is sung daily at all their banks.

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