MARCH 3, 2016
According to Prescott Lovern, Sr. (Lovern), JP Morgan Chase Bank & Chase Bank (collectively “Chase”) et al have committed several million federal felonies between 2000 and October 2015 for going into former Chase customers’ credit files after the customers’ account was closed. Chase did not fight this in a 2009 class action settlement whereby they were supposed to stop; HOWEVER, they never stopped, and now they are about to pay a measly $8.75 MILLION, which the plaintiff lawyers will get about $3 million and the victims will get roughly $25-$50, depending on how many of the 2.2 million former Chase customers who received Notices respond.
Not only is this a bad deal for the victims, Chase Lawyers, Executives, including Jamie “Teflon” Dimon [Chase CEO] who knew about the illegal conduct, and, class action attorneys on both sides [WilmerHale – Chase’s outside law firm] have covered-up the millions of federal felonies still prosecutable, part and parcel to the conspiracy. Every time Chase did an account review at one of the three major credit bureaus on a closed account they violated, but not limited to, 15 U.S.C. Sec. 1681q; 42 U.S.C. Sec. 408(a)(8); and 18 U.S.C. 241 [all felonies]. Certain state criminal statutes were violated and depending on the consumer additional criminal statutes come into play.
Senior Chase lawyers, Stephen Cutler, Stacey Friedman and Jill Centella are covering this up even though they have a legal obligation to report it under 18 U.S.C. Sec. 4. They have trampled the Rules of Professional Conduct that governs them as lawyers. Lovern will be filing disciplinary complaints against them and others. Mr. Dimon has been avoiding prosecution on a number of legal issues for years. He makes about $27 million a year as CEO of JP Morgan Chase & CO and reportedly has a net worth over $1 Billion.
Lovern fully expects retaliation from Chase and he says, “Bring it on. You can’t successfully sue someone for telling the truth.”
For all the current class member FCRA victims, you are getting a bad settlement.