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

Featured

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

Featured

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

Featured

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.

 

ROYAL BANK OF SCOTLAND / CITIZENS FINANCIAL GROUP FILED TWO FRAUDULENT S-1 REGISTRATION STATEMENTS WITH SEC IN CONNECTION TO UPCOMING IPO

Featured

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.

Stay tuned.

PRESCOTT LOVERN, SR. ISSUES CONSUMER ALERT ABOUT PRE-SCREENING

Featured

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].

Stay tuned.

PRESCOTT LOVERN, SR. WILL SUE ERIC SHINESKI, SECRETARY DEPARTMENT OF VETERAN AFFAIRS, JOHNSON & JOHNSON et al OVER RISPERDAL

Featured

UPDATE June 26, 2014:

Prescott Lovern, Sr. is now alleging that Johnson & Johnson / Jansen Pharmaceuticals are hiding pre Risperdal approval - undisclosed, unfavorable, studies done overseas that demonstrate J&J knew all about the links to increased suicide & gynecomastia.

UPDATE MAY 30, 2014

The FDA and VA are in a full scale cover-up of the malpractice use of Risperdal.

May 20, 2014: [Updated May 23, 2014]

MORE ABUSE AT THE VETERANS HEALTH ADMINISTRATION

Prescott Lovern, Sr. (Lovern) has taken an assignment of legal claims from a disabled veteran who has been severely damaged by the drug Risperdal [manufactured by a division of Johnson & Johnson (J&J)] prescribed by doctors at the Veterans Health Administration (VHA) for the last 20 years even though it has been proven for way over 40 years the chemical make-up of the drug is not safe. Lovern is naming ERIC SHINESKI, Secretary of Veterans Affairs, and his two top health officials, ROBERT PETZEL and ROBERT JESSE, J&J, several J&J Divisions, J&J’s Directors and key senior officials, plus FDA officials (individual capacity – you can’t sue the FDA). The VHA / J&J / FDA have shown no remorse for the abuse and unbelievable damage they have caused veterans given Risperdal, or for any other victim. The FDA / VHA  & J&J are nothing but arrogant about the damage they have done. They simply don’t care.

J&J intentionally manipulated the Risperdal clinical trials used in the NDA to avoid disclosing certain, severe, dangerous adverse side effects, and FDA Officials conspired with them and allowed them to falsify the clinical trials, which have tainted every FDA approval since 1993. [This is backed up by evidence from the National Institute of Mental Health, another HHS agency, science and FDA documents]. This is one of the worse cases of FDA corruption seen in three decades due to the incredible damage done to patients. The FDA and VHA are now in full scale cover-up, and J&J’s Directors / Executives / Lawyers are facing massive liability, to include securities fraud. R&L will be pushing Congress for hearings on the corruption inside HHS / FDA / VHA, and criminal charges under 18 U.S.C., Sec. 241 against all parties. Lovern intends to go after the licenses of every doctor still practicing who participated.

J&J has already paid the U.S. Department of Justice $2.2 Billion in civil / criminal fines in a settlement for false representations about Risperdal; and, an illegal kick-back scheme to doctors. J&J is defending massive lawsuits over Risperdal. J&J’s  lawyer told Lovern to go ahead and sue the VHA’s / FDA’s top officials.

Lovern will be petitioning DOJ for new criminal charges.

Stay tuned.

 

PRESCOTT LOVERN, SR. ANNOUNCES UPCOMING INTERCHANGE FEE, PRIVATE ATTORNEY GENERAL LAWSUIT TO BE FILED IN WASHINGTON, D.C. ON BEHALF OF CONSUMERS

Featured

June 26, 2014:

Prescott Lovern, Sr. is close to filing the ever so important, multi-trillion dollar Interchange Fee case under the District’s private attorney general statutes, which will benefit consumers nationwide going back to Bankamericard, Mastercharge, Visa and MasterCard. This lawsuit has never been filed before and it is directly connected to the fraud already exposed by Lovern inside the Consumer Financial Protection Bureau.

Stay tuned.

 

PRESCOTT LOVERN, SR. INVOKES FEDERAL FALSE CLAIMS ACT AGAINST STATE OF WYOMING ALLEGING MEDICAID FRAUD

Featured

JUNE 26, 2014:

On June 25, 2014, Prescott Lovern, Sr. (Lovern) invoked Private Attorney General (PAG) authority under the Federal False Claims Act (FCA) – TITLE 31 U.S.C., § 3729 et seq. – against certain Wyoming state employees, alleging Medicaid Fraud. Lovern put the U.S. Department of Justice on written notice.

Stay tuned.

PRESCOTT LOVERN, SR. CATCHES CONSUMER FINANCIAL PROTECTION BUREAU (CFPB) KNOWINGLY PARTICIPATING IN RACKETEERING / THEFT OF CONSUMER MONEY

Featured

JUNE 2, 2014:

Prescott Lovern, Sr. & R&L Associates Law (R&L) have recently completed an investigation into the CFPB for their premediated, covert, re-writing of the federal Truth-in-Lending Act (TILA) / Regulation Z (Reg. Z) that violates the legislative intent of Congress, without the knowledge of 99.5% of Congressional Members, all for the purpose of covering-up the largest CRIMINAL [Racketeering] ENTERPRISE in the history of the United States, operated by the major banks [too big to fail], VISA, Inc. & MasterCard Interrnational, Inc. [Hundreds of trillions of dollars stollen from VISA / MasterCard Cardholders]. Nothing the CFPB did is retroactive, nor can it be because Dodd Frank is not retroactive; therefore, even with the CFPB’s illegal regulations, they only go forward, not backwards

Unfortunatelly for the CFPB et al, Congress didn’t close the back door with Dodd Frank and recovery of the hundreds of trillions of dollars is still available. Lovern & R&L will be filing a Private Attorney General Lawsuit to seek recovery, which will name CFPB officials.

Stay tuned.

UPDATE June 2, 2014 – Lovern has already filed a complaint with the Federal Reserve Board’s Inspector General who has oversight under the IG Act for the CFPB.

Lovern & R&L have confirmed that the Financial Stability Oversight Council (Council), whose voting members participated in the the premeditated illegal conduct of the CFPB, are part of the Interchange Fee Conspiracy. As you can see the Council’s voting Members have a vested interest in the Interchange Fee cover-up:

• the Secretary of the Treasury, who serves as the Chairperson of the Council;

• the Chairman of the Board of Governors of the Federal Reserve System;

• the Comptroller of the Currency;

• the Director of the Bureau of Consumer Financial Protection;

• the Chairman of the Securities and Exchange Commission;

• the Chairperson of the Federal Deposit Insurance Corporation;

• the Chairperson of the Commodity Futures Trading Commission;

• the Director of the Federal Housing Finance Agency;

• the Chairman of the National Credit Union Administration; and

• an independent member with insurance expertise who is appointed by the President

and confirmed by the Senate for a six-year term.

PRESCOTT LOVERN, SR. MAKES DECISION TO START SUING DEFENSE LAW FIRMS WHO INTENTIONALLY COVER-UP SECURITIES FRAUD COMMITTED BY THEIR PUBLIC STOCK CLIENTS

Featured

MAY 13, 2014:

Prescott Lovern, Sr. (Lovern) & R & L Associates Law are continuously having to deal with defense law firms covering up violations of 17 CFR 229.103 (103) and/or 303 in their client’s SEC filings, representing public stock companies facing catastrophic litigation from (Lovern). The client intentionally fails to disclose as required by 103 and/or 303 disclosure requirements.

Lovern does not like suing lawyers, or, filing disciplinary complaints against lawyers, BUT, this situation is out of hand and it’s time to stop lawyers from covering up securities fraud by management inside public stock companies. In-house and outside lawyers be advised, R&L / Lovern now have a zero tolerance for you covering up securities fraud, as shareholders deserve better.