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.
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.
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.
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.
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.”
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.
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.
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.
July 16, 2014:
Prescott Lovern, Sr. has documented evidence that demonstrates CITIZENS FINANCIAL GROUP, INC. (Citizens), owned by ROYAL BANK OF SCOTLAND, which is majority owned by the British Government, filed a fraudulent S-1 Registration Statement with the SEC in May 2014, aided by the SEC’s Division of Corporation Finance, JP Morgan Chase & CO, Davis Polk & Wardwell LLP, Cleary Gottlieb Steen & Hamilton LLP & the British Government et al.
Citizens’ upcoming IPO is nothing but a sham as Citizens and RBS are facing trillions of dollars in undisclosed statutory liability [payable to the victims] associated with credit card Interchange Fees, associated with upcoming litigation known to RBS / Citizens’ management, yet not disclosed as required under 17 CFR 229.303 in RBS’ – 2013, SEC Form 20 F, and the S-1 Registration Statement, or, amended S-1, filed on or about June 20, 2014.
JP Morgan Chase (Chase), Morgan Stanley & Goldman Sachs & Co are listed as the Joint Bookrunners for the IPO. They have full knowledge of the securities fraud and are intentionally looking the other way. Chase is also a defendant in the upcoming consumer Interchange Fee (IF) litigation that has several hundred trillion dollars in statutory damages.
Prescott Lovern, Sr. intends to file a lawsuit in Washington, D.C. to stop the IPO, protecting investors as this is a matter of public concern. He will name SEC employees, Chase, RBS / Citizens’ Executives & Lawyers, law firms mentioned above, and British government officials.
JUNE 26, 2014:
Consumers nationwide should pay close attention to pre-screening listed on their credit reports as there is a huge increase in illegal pre-screening whereby the creditor does not make a compliant firm offer of credit, after pre-screening the consumer’s credit file.
Just because a creditor says you have been pre-approved for credit does not mean the creditor has complied with the Fair Credit Reporting Act (FCRA). Prescott Lovern, Sr. estimates that people with credit scores over 650 have at least one illegal pre-screening on their credit file[s].