PRESCOTT LOVERN, SR. CATCHES FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL (FFIEC) LEADING STATE CHARTERED BANKS TO LEGAL SLAUGHTER / BANKRUPTCY

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AUGUST 4, 2015 (Updated August 5, 2015)

Prescott Lovern, Sr. completes multi-year investigation into banks collection of social security numbers in conjunction with Bank Secrecy Act data collection from bank customers. The FFIEC is made up of all federal bank regulators (Feds) and they treat state bank regulators like second class citizens, using them to help facilitate criminal activity the Feds want to carry out. Unfortunately, the state banks have no legal recourse due to the slick manner in which it has been carried out.

The Feds have used the state banks to violate the federal statutory and constitutional rights of U.S. Citizens in a conspiracy concocted by the U.S. Treasury, agreed to by other District of Columbia parties. This activity includes both civil violations and serious felonies committed by the banks. The state chartered banks were used to facilitate the national banks’ / regulators’ criminal enterprise. Based on published reports it appears over 100 million felonies have been committed.

Thanks to the covert, diabolical scheme run by the Feds, now every state chartered bank is facing bankruptcy, if named in the right lawsuit. Do the Feds care? No, but understand Lovern is going to hold the Feds accountable, along with the major national banks who knowingly and willingly aided and abetted the illegal activity.

Stay tuned.

PRESCOTT LOVERN, SR. CATCHES KOHL’S, DILLARD’S INC. AND DSW INC. AIDING AND ABETTING CRIMINAL THEFT AND WILLINGLY PARTICIPATING IN FEDERAL RACKETEERING

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JULY 5, 2015        [Consumer Alert]

Prescott Lovern, Sr. (Lovern) contacted Kohl’s Department Store, DSW [Shoes], and Dillard’s (collectively three companies hereinafter referred to as “Stores”) fraud departments last week with one of his employees, whose bank issued VISA Check Card was used to illegally make purchases on each company’s website.

The Check Card data had been stolen and someone used it to purchase merchandise from the Stores to be delivered in Miami. Each store confirmed the victim did not make the purchases. Even though the Stores’ fraud departments refused to provide the delivery address, Lovern and his investigators believe the merchandise is headed to a freight forwarder, after the victim was able to discover from customer service at Dillard’s and Kohl’s that those purchases were being delivered in Miami before they transferred the call[s] to their respective fraud departments. The victim cannot give the Miami police an address to try and intercept the deliver[ies] because the Stores are protecting the thieves.

DSW was told about the other two purchases at Kohl’s and Dillard’s and they admitted to knowing that the delivery address was known to them to be an address used in fraudulent activity [Lovern believes the DSW delivery address is the same address in Miami], yet they did not call the police, contact the victim’s bank, or try and contact the victim; plus they refused to provide the victim the delivery address. DSW did cancel the purchase after receiving our call; however, they violated the victim’s legal rights, and aided and abetted the thieves. Concealing the delivery address, email address [ISP] used by the thieves, and ISP address used for the purchase, they committed overt acts in furtherance of RICO.

Each Store refused to give the victim any information about the transaction (i.e. delivery address, delivery company, ISP address used to make purchase, email & phone number in transaction data). The Stores knew the victim did not make the purchases, yet, they did not offer to contact her bank, the police, or help her aid the police in catching the thieves. Instead they protected the thieves. Especially considering the Stores’ are public stock companies their conduct was unconscionable, as well as illegal.

Because it was cash taken from the victim’s bank account instead of credit line [credit card] this is criminal theft, and because the cash crossed the state line along with the merchandise, it triggers federal racketeering under RICO. The Stores willingly participated, committing overt acts in furtherance of the thieves conspiracy. This could be part of an international theft ring, but the Stores do not care. They will collect from their insurance company, which raises even more red flags.

Lovern has taken an assignment of legal claims from the victim and intends on filing a lawsuit against the Stores et al for their illegal, unconscionable conduct. Lovern will name DSW, Inc. and their CEO, Michael R. MacDonald; KOHL’s and their CEO, Kevin Mansell; and, DILLARD’S, Inc. and their CEO, William T. Dillard II. Because the respective CEO’s sanctioned each company’s fraud policy they should be prosecuted. The victim is exploring the potential of filing criminal charges against them.

Stay tuned.

 

PRESCOTT LOVERN, SR. CATCHES FTC COVERING UP VIOLATIONS OF 20 YEAR SETTLEMENT ORDER BETWEEN FTC AND MICROSOFT

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April 7, 2015

Prescott Lovern, Sr. has caught the FTC intentionally covering up serious violations of an FTC Order entered into between Microsoft & the FTC that began in 2002, and ends in 2022. In addition, Microsoft is committing new violations of the FTC Act and Truth-in-Advertising.

None of the current FTC Commissioners were on the original Order; yet, for some unknown reason the FTC is allowing Microsoft to violate the rights of consumers nationwide.

Microsoft’s violations will negatively impact the Staples / Office Depot merger because Staples & Office Depot are conspiring with Microsoft to violate the FTC Order, as well as violating additional state and federal laws.

Stay tuned.

PRESCOTT LOVERN, SR. DISCOVERS EXELON SHAREHOLDERS BEING DEFRAUDED WITH PEPCO MERGER – FEDERAL & STATE OFFICIALS PARTICIPATING

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FEBRUARY 24, 2015

Prescott Lovern, Sr. (Lovern) has confirmed that EXELON Shareholders have been intentionally, and illegally, kept in the dark about HUNDREDS OF BILLIONS of DOLLARS in statutory liability PEPCO has connected to “Customer Deposits,” going back many years. PEPCO HOLDINGS, INC. has hundreds of billions $$$$$ in statutory, undisclosed liability that will bankrupt PEPCO & EXELON. High ranking District of Columbia (D.C.) officials, including inside the D.C. Public Service Commission (PSC), Mayor’s Office and Attorney General’s Office, are intentionally covering-up the illegal conduct because District Officials have been participating in federal felonies, based on precedent U.S. Supreme Court opinions. Lovern gave PSC lawyers the opportunity to dispute the allegations with binding case law but they could NOT, and they refused to put in writing that Lovern is wrong.

The Federal Energy Regulatory Commission (FERC) is also covering up the illegal conduct throughout PEPCO’s service areas, along with all other PEPCO state regulators who are also participating in the federal felonies. FERC and the D.C. – PSC have both approved the merger.

EXELON Shareholders have no idea their Directors have approved a deal that is equivalent to monetary, shareholder equity suicide, as PEPCO’s statutory liability [fines] will bankrupt PEPCO & EXELON. Executives and lawyers at EXELON are also covering-up this massive criminal enterprise that includes federal racketeering because EXELON’s ComED & BGE are engaged in the same illegal conduct.

Stay tuned.

PRESCOTT LOVERN, SR. SAYS GOVERNOR CHRISTIE DIDN’T LEARN ANYTHING FROM “BRIDGEGATE”

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FEBRUARY 6, 2015

Prescott Lovern, Sr. (Lovern) contacted Governor Christie’s general counsel, Christopher S. Porrino, and left detailed information as to how the New Jersey (NJ) Board of Public Utilities (BPU) is participating in federal felonies [18 U.S.C. § 242], associated with energy deposits being charged to NJ consumers, in Lovern’s opinion – based on U.S. Supreme Court precedent. Lovern was assured by the Governor’s secretary Mr. Porrino  would call Lovern back as soon as he came out of a meeting with the Governor. Instead, what happened was Lovern was called by an unqualified person in constituent services, and Lovern is not even a constituent.

This type of trickle down governing in an attempt to create plausible deniability is exactly how the good Governor almost ruined his career with “Bridgegate.” Governor Christie is a most likable politician who is now preparing to run for president. If he is going to continue to try and hide behind staff on important issues, his ability to lead as president is seriously called into question.

Governor Christie is responsible for oversight of the BPU. The Commissioners have sanctioned unconstitutional practices by energy companies not even supported in the New Jersey Administrative Code that violate due process and equal protection protections of NJ consumers, associated with calculation methods of deposits. The Governor and his lawyers were told this, yet they ignored it. Ignoring what appears to be federal felonies is not a good thing.

This makes Bridgegate look like kindergarten.

Stay tuned.

 

 

 

 

 

 

 

 

 

 

 

 

FAMILY DOLLAR STORES, INC. DEFRAUDS DOLLAR TREE SHAREHOLDERS AND INVESTORS

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January 27, 2015

Prescott Lovern, Sr. (Lovern) has been monitoring the Family Dollar Stores, Inc. (FD) / Dollar Tree (DT) merger with great interest after he caught FD committing securities fraud with their Oc. 29, 2014 10 K, and Jan. 8, 2015 10 Q, which both resulted in securities / wire fraud.

Lovern put FD management on notice, as well as DT management, and the FTC (merger group), and, SEC; however, Lovern confirmed from proxy companies that no disclosure of FD’s undisclosed catastrophic liability that can bankrupt FD many times over ever made it to the DT shareholders prior to last Thursday’s vote. FD & DT management, lawyers, consultants, and merger experts, intentionally kept the required information from DT & FD shareholders and investors.

FD had legal obligations to disclose the catastrophic liability connected to contaminated wipes supplied by Nutek Disposables, Inc. / First Quality Enterprises, Inc., known to management before the 10 K was filed, pursuant to 17 CFR 229.303, as defined by the U.S. Supreme Court. This liability is connected to a private attorney general lawsuit being filed by Lovern that has hundreds of billions of dollars in statutory fines facing FD. FD & DT management intentionally hid this from shareholders and investors. Additional lawsuits are now being planned.

Stay tuned.

 

 

PRESCOTT LOVERN, SR. CATCHES AMAZON.com, ALIBABA, SEARS, WAYFAIR.com & WALMART et al PARTICIPATING IN TEXTILE RACKETEERING ENTERPRISE, with the help of the FTC & DOJ

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January 27, 2015

Prescott Lovern, Sr. has just completed a 30 month investigation into massive textile fraud in the United States that has ripped off U.S. Consumers for hundreds of millions of Dollars, and rises to the level of civil / criminal racketeering. This incredible covert operation is connected to false thread counts advertised and labeled in Bedding Sheets sold in the U.S., manufactured in China, in violation of state & federal laws, being covered up by the Federal Trade Commission (FTC) & the U.S. Department of Justice (DOJ).

DOJ and the FTC have taken the incorrect and illegal position that the Textile Fiber Products Identification Act (Textile Act) does not apply to thread counts, yet there is no legal authority for that position. They then use that to run interference for retailers selling the illegal products. They recently gave 4 major retailers a slap on the wrist as window dressing when they could have shut down the entire racketeering enterprise. Instead it’s just business as usual, letting China rip off American Consumers.

Amazon’s (AMZ) Jeff Bezos, AMZ senior lawyers, and certain AMZ Directors, including Jamie Gorelick, have wllingly participated in the massive conspiracy & racketeering enterprise.

Lovern intends to name senior US Officials in upcoming litigation. “I’m sick and tired of China ripping us off, and our government letting them do it,” Lovern said. Lovern also said, “I invite Amazon / Bezos to sue me and try and prove I’m lying.”

Stay tuned.

 

PRESCOTT LOVERN, SR. CATCHES WELLS FARGO BANK ENGAGING IN UNFAIR DEPOSIT HOLD POLICIES

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SEPTEMBER 27, 2014

Prescott Lovern, Sr. has uncovered unfair deposit hold policies inside Wells Fargo Bank (WF) in violation of the UCC and Expedited Funds Availability Act. WF is holding check deposits long after they have collected the funds, part and parcel to an internal premeditated scheme to use their customers money as insurance to protect against the possibility that WF screwed-up in the check clearing process. It appears WF is collecting interest on their customers’ money while it’s being held hostage, yet WF does not pay it’s customer the interest.

Lovern is going to file a lawsuit imminently.

Stay tuned.

PRESCOTT LOVERN, SR. SUES BALLARD SPAHR & BRASWELL GIULIANI LAW FIRMS

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SEPTEMBER 22, 2014

Prescott Lovern, Sr. (Lovern) today sued the law firms of Ballard Spahr (BS) and Braswell Giuliani (BG) in D.C. Superior Court for filing SLAPP lawsuits against Lovern. BS & BG attempted to silence Lovern in violation of his first amendment rights. BS even attempted to obtain an injunction [unsuccessful] to prevent Lovern from filing a lawsuit against their clients. That lawsuit has been dismissed.

Lovern is awaiting dismissal, via his anti-SLAPP motion, in the other case. BS & BG are facing billions in statutory fines for their alleged participation in a conspiracy with certain of their clients.

Stay tuned.

 

 

PRESCOTT LOVERN, SR. SUES HOME DEPOT FOR DATA BREACH

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September 16, 2014

Today, Prescott Lovern, Sr. (Lovern) filed a Private Attorney General Lawsuit against Home Depot (HD) and certain HD Executives for their negligence in the data breach that damaged Lovern and HD customers nationwide.

In Lovern’s opinion, certain HD Executives and Lawyers have engaged in malfeasance and/or malpractice. HD lawyers’ arrogance could bankrupt HD.

Stay tuned.