MASTERCARD INCORPORATED THROWS CERTAIN MEMBER ISSUERS UNDER THE BUS, SETTING THEM UP FOR SHAREHOLDER, JUDICIAL, INVOLUNTARY DISSOLUTION

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UPDATE: AUGUST 6, 2018

Visa, Inc. ignores Prescott Lovern, Sr. as to public stock VISA credit card issuers / holding companies and their potential judicial, shareholder petition for involuntary dissolution. Visa & Mastercard in step to damage certain members. No response from Visa, Inc. or their lawyers, Farella Braun + Martel.

AUGUST 3, 2018

Prescott Lovern, Sr. (Lovern) has painted Mastercard Incorporated (MCI) in a corner regarding certain public stock banks that issue MasterCard credit cards (MCCCs). MCI and its law firm, Paul Weiss, rejected Lovern’s offer to not pursue statutory dissolution of certain publicly traded banks that issue MCCCs. Lovern has the necessary evidence to have the banks in question dissolved by the court.

Bottom line, MCI signed the banks’ death certificate [metaphor], setting them up to be dissolved.

Stay tuned. VISA, Inc. is next.

 

NATIONAL CREDIT UNION ADMINISTRATION (NCUA) SETS UP FEDERAL CREDIT UNIONS THAT ISSUE MASTERCARD & VISA CREDIT CARDS FOR BANKRUPTCY

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JULY 27, 2018

Prescott Lovern, Sr. (Lovern) warned the NCUA during the OBAMA Administration about credit unions they regulate who issue MasterCard (MC) and/or VISA credit cards, like Navy Federal Credit Union; that the credit unions are not complying with federal law regarding disclosure of transaction fees prior to opening the account[s].

NCUA’s general counsel, after lying about how long he had been at the NCUA, went off on Lovern when he was told that he and the NCUA has been participating in bank fraud, wire fraud, mail fraud, money laundering, and additional federal felonies. Lovern will seek to have him disbarred. He is a Obama holdover.

The Obama Administration covered-up the massive criminal enterprise involving banks, regulators, and credit unions that has liability that far exceeds $100,000,000,000,000. [That's trillions]. The NCUA covered it up and now is again trying to sweep it under the carpet.

The regulators think they can get away with massive fraud because they are regulators. The NCUA has until Noon Monday, EDT, July 30, 2018, to stop the illegal conduct or be held accountable via every legal remedy available.

Stay tuned.

CONNECTICUT CAUGHT VIOLATING FEDERAL LAW / CITIZENS CONSTITUTIONAL RIGHTS RESULTING IN MASSIVE NUMBER OF FEDEAL FELONIES; ATTORNEY GENERAL JEPSEN TOO IMPORTANT TO DEAL WITH IT

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JULY 25, 2018

Prescott Lovern, Sr. (Lovern) has caught the state of Connecticut (CT) violating the constitutional rights of U.S. Citizens that has resulted in 100s of thousands of federal felonies, maybe millions.

Lovern attempted to make an appointment with CT Attorney General (AG) Jepsen to discuss the matter and and ask the AG to stop the illegal conduct, however, Mr. Jepsen’s assistant made it PERFECTLY clear that Lovern does not have a right to talk to the AG, right before she hung-up on him.

Oh, how wrong she is because the AG can talk to Lovern in front of a judge. Lovern also intends to file a disciplinary complaint against Jepsen. Maybe Jepsen will make time for the Federal Prosecutors. Who would have known that Mr. Jepsen is so important. Lovern thought he was a public servant.

Stay tuned.

THE CMI GROUP & DIVERSIFIED CONSULTANTS, INC. – CONSUMER ALERT, MASTERCARD / VISA CREDIT CARD COLLECTIONS, BOTH COMPANIES ENGAGED IN ILLEGAL COLLECTIONS

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JULY 17, 2018:

Prescott Lovern, Sr. (Lovern) has discovered that The CMI Group (CMI) and Diversified Consultant, Inc. (DCI), both debt collectors, have been participating in the Interchange Fee Conspiracy and their lawyers have been concealing the illegal conduct of their clients and issuing banks [MasterCard / VISA credit cards] that includes bank fraud, wire fraud, mail fraud, & money laundering.

Both companies have been collecting money NOT owed by the Cardholder, Proceeds from the racketeering enterprise. Lovern challenges either company to sue him if they think they can prove him wrong.

Debtors BEWARE. Stay tuned.

FEDERAL RESERVE BANK / FEDERAL RESERVE BOARD EXECUTIVES / DIRECTORS / LAWYERS “CONCEALING” MASTERCARD – VISA CRIMINAL ENTERPRISE

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JUNE 26, 2018

PRESCOTT LOVERN, SR. (Lovern) has undeniable evidence that the Federal Reserve Banks (FRBKs) & Federal Reserve Board (FRB) – respective executives, directors and lawyers have been concealing Mastercard (MC) and VISA’s multi-trillion dollar RICO conspiracy that includes bank fraud, wire fraud, mail fraud & money laundering [includes MC / VISA credit card issuing banks]. Lovern can prove this beyond a reasonable doubt.

RANDAL QUARLES, Vice Chairman Supervision Federal Reserve Board, joins concealment conspiracy.

The FRBKs regulate bank holding companies and certain state banks who receive proceeds from the racketeering enterprise, and ultimately the FRBKs get some of this money via fees paid by the regulatee[s], same with the OCC. The CFPB and FDIC are complicit, as is the Treasury Department’s Office of Inspector General. The FRB / banking regulators have been concealing this conspiracy for years [documented]. The Federal Reserve should be shut down. It’s nothing but a criminal enterprise in its own right. Obama’s corrupt F.B.I. / DOJ covered this up. This is the ULTIMATE “Deep State” association-in-fact criminal enterprise.

Where is Congressman Posey and the “Audit the Fed Bill” when you need him?

Stay tuned.

PRESCOTT LOVERN, SR. (LOVERN) SAYS BARCLAYS TRYING TO SNEAK CONTROL / ASSETS OF USA OPERATIONS TO CAYMAN ISLANDS. LOVERN SAYS IT’S CONNECTED TO HIS BARCLAYS / BARCLAYCARD INTERCHANGE FEE LAWSUIT. FED BANK NY HELPING BARCLAYS

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JUNE 21, 2018 – [Updated June 24, 2018]

Once again the “Deep State” Federal Reserve puts criminals before Americans. Barclays plc / Barclays Bank plc / Barclay US Operations (collectively “Barclays”) are facing bankruptcy in connection to Prescott Lovern, Sr.’s Interchange Fee Cardholder RICO / PAG lawsuit against Barclays / Wyndham Hotels / Wyndham Destinations et al (Wyndham, Barclays affinity partner, also concealed conspiracy).  Barclays has conspired to commit bank fraud, wire fraud, mail fraud and money laundering connected to Mastercard & VISA’s criminal enterprise that has stolen trillions of dollars from U.S. Cardholders throgh a nefarious scheme. USA Banking Regulators have protected the RICO co-conspirators, concealing the conspiracy.

The Financial Conduct Authority (FCA), Barclays U.K. Regulator, were put on notice in December 2017 [they covered-up]. Shortly thereafter Barclays plc / Barclays Bank plc filed applications with the Fed Bank of New York to - 

The companies listed in this notice have applied to the Board for  approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below…

 Barclays PLC and Barclays Bank PLC, both of London England; have applied for their subsidiary, Barclays US Holdings Ltd., organized under the laws of the Cayman Islands and located in New York, New York, to become a bank holding company by acquiring Barclays US LLC, New York, New York and thereby indirectly acquire Barclays Bank Delaware, Wilmington, Delaware.”

The Applications can only be seen at the Fed Bank NY, or Federal Reserve in Washington, D.C. [nice help by Feds].

There are off-shore legal maneuvers that can be used to shield Barclays USA assets. The Federal Reserve, Fed Banks included, have been covering-up Mastercard & VISA’s criminal enterprise carried out by, but not limited to, credit card issuing banks. This includes, but not limited to, consoiracy to commit bank fraud, mail fraud, wire fraud & money laundering.

For conspiracy, the limitations period begins to run when the last overt act is committed. See Fiswick v. United States, 329 U.S. 211 (1946). If the members of the conspiracy continue to conceal the conspiracy, those are overt acts and the statute of limitations will not begin until the concealment ends.

If an individual withdraws from a conspiracy, the statute of limitations will start running at the time of the withdrawal. Keep in mind that withdrawal is generally interpreted as an affirmative act to withdraw such as reporting the conspiracy to the authorities or telling co-conspirators of the withdrawal. See United States v. Gonzalez, 797 F.2d 915 (10th Cir. 1986).

The NY Fed Bank and three lawyers have been added to the Barclays lawsuit. The Federal Reserve General Counsel and Chairman, Jerome Powell are being added.

WAKE-UP America. The FEDERAL RESERVE is part of the DEEP STATE. President Trump is unaware of the Feds participation or claims in the Barclays lawsuit. Barclays is part of a international criminal enterprise that originated in the United States. Lovern will take down Barclays. The Federal Reserve & FCA cannot protect them and the criminal enterprise they belong to. Regulators will be held accountable as the statute of limitations has not even begun.

Stay tuned.


					

MAY 18, 2018 – CALIFORNIA SUPREME COURT ADDS 69 NEW RULES TO STATE ATTORNEY PROFESSIONAL CONDUCT; PRESCOTT LOVERN, SR. THREATENED LITIGATION IN DECEMBER 2017

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JUNE 6, 2018

PRESCOTT LOVERN, SR. (Lovern), back in December 2017, threatened to sue California (CA) State Bar Officials and CA Supreme Court Justices [Hafer v. Melo 502 US 21] if they did not amend their Rules of Professional Conduct to add rules under Rule 8 to hold CA lawyers accountable for misconduct. [See 2017 Press Release below].

On May 18, 2018, the CASC added misconduct and 66 additional rules effective November 1, 2018.

Good job CASC.

 

PRESCOTT LOVERN, SR. PLANNING FEDERAL LAWSUITS AGAINST INDIVIDUALS ASSOCIATED WITH THE CALIFORNIA STATE BAR / CALIFORNIA COURTS

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UPDATE: December 11, 2017

California (CA) Courts & CA Judicial Council protecting personnel involved in the violations of the Federal False Claims Act (FCA) [CA Courts have been receiving federal funds the Courts not entitled to] by using the CA Highway Patrol to run interference for the illegal acts that include federal felonies. Prescott Lovern, Sr. authorized by the FCA to recover the money. [One of three civil lawsuits].

December 1, 2017

Prescott Lovern, Sr. is planning multiple federal lawsuits against individuals associated with the California (CA) State Bar and certain state employees, possibly some state court judges [individual capacity] who have no immunity regarding violations of U.S. Constitutional rights.

This matter all starts with CA’s decision to be the only state in the country who does not require [ABA Rule 8.3] CA lawyers to report attorney misconduct. That might work in state legal matters, BUT, on the federal level this aiding & abetting can trigger federal violations, including federal criminal statutes.

We all know CA dances to a different beat, and that is OK in CA, as long as it does not infringe or violate U.S. Constitutional rights / law on a intra-state / inter-state level. It’s time for CA to understand they don’t have the right to ignore the U.S. Constitution. The 14th Amendment applies to CA and its State Bar.

Stay tuned.

THE WENDY’S COMPANY FILES ILLEGAL 10 K ON FEB. 28, 2018

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MARCH 1, 2018

Prescott Lovern, Sr. says The Wendy’s Company (Wendy’s) filed an illegal 10 K on Feb. 28, 2018, with the SEC. In their 10 K [signed by all Directors, CEO Todd A. Penegor and CFO Gunther Plosch] Wendy’s failed to disclose “non-routine” potential catastrophic liability that Wendy’s cannot guarantee to investors that said liability will not “materialize,” required by federal law [U.S. Supreme Court precedent] and District of Columbia securities law.

Instead of complying with the law Wendy’s used generic boilerplate language prohibited by SEC Rules. 2017 SEC Corporation Finance – 303 Staff Manual, which states;

“MD&A should not consist of generic or boilerplate disclosure. Rather, it should reflect the facts and circumstances specific to each individual registrant. S-K 303 is a       ‘principles-based’ disclosure requirement. It is intended to provide management with     flexibility to describe the financial matters impacting the registrant. [underline added].

From the 10 K:

“We are involved in litigation and claims incidental to our current and prior businesses, including the legal proceedings related to a cybersecurity incident as described in ‘Item 3. Legal Proceedings.’ We provide accruals for such litigation and claims when payment is probable and reasonably estimable. Most proceedings are in preliminary stages, with various motions either yet to be submitted or pending, discovery yet to occur and significant factual matters unresolved. In addition, most cases seek an indeterminate amount of damages and many involve multiple parties. Predicting the outcomes of settlement discussions or judicial or arbitral decisions are thus inherently difficult. We review our assumptions and estimates each quarter based on new developments, changes in applicable law and other relevant factors and revise our accruals accordingly.”

Stay tuned.

PRA GROUP, INC. (aka PORTFOLIO RECOVERY ASSOCIATES) FACING POTENTIAL BANKRUPTCY FOR THEIR PARTICIPATION IN MASTERCARD & VISA’S RACKETEERING ENTERPRISE

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FEBRUARY 27, 2018

Prescott Lovern, Sr. (Lovern) says PRA GROUP, INC. (PRA) (aka Portfolio Recovery Associates) is facing potential bankruptcy for their willing participation in MasterCard & Visa’s racketeering enterprise connected to illegal fees charged to cardholders’ credit cards, unknown to the cardholder. [Trillions of dollars in total Enterprise liability].

PRA buys large portfolios of unpaid and delinquent obligations from consumers to credit originators like banks, credit unions, auto-finance companies, and retailers. About 70% of the time, this debt is in the form of credit card debt. Visa (NYSE:V) and Mastercard (NYSE:MA) don’t assume the risk of default when the consumer gets one of their credit cards – the issuer of the card does, and it’s the issuer of the credit card keeping the illegal fees, charging them to the customer’s account. When the customer does not pay PRA is almost always buying this debt for pennies on the dollar [not all issuing banks].

Since PRA was founded in 1996, it has acquired more than 2,748 portfolios with a nominal face value around $70 billion for a total price of about $2.7 billion (roughly 3.5 cents on the dollar) (where PRA agrees in advance to buy any debt that is charged off over a period of time for a specific percentage of the debt’s face value). Here lies the problem.

The MasterCard / VISA credit card charged off debt includes the illegal fees charged to the credit card account. PRA then attempts to collect those illegal fees in violation of state & federal laws, including federal felonies. PRA is successful at collecting many of these illegal fees, and in the process they don’t tell the account owner about the illegal fees charged to their credit card account.

Shareholders and Investors should pay close attention to PRA’s upcoming 10 K to see if the officers & directors disclose this liability, as it is required to be disclosed under 303.

If PRA wants to challenge Lovern’s findings he will gladly meet with them at the F.B.I.

Stay tuned.

 

 

PRESCOTT LOVERN, SR. CATCHES BUFFALO WILD WINGS FILING FRAUDULENT SEC DOCUMENTS IN 2017

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FEBRUARY 13, 2018

Prescott Lovern, Sr. (Lovern) caught Buffalo Wild Wings (BWW) filing fraudulent SEC documents in 2017 while finalizing their $2.9 Billion sale to Inspired Brand’s, Inc. (fka Arby’s Restaurant Group, Inc.) (Arby’s). Lovern confronted Arby’s and Roark Capital Group who owns Arby’s. They immediately went into cover-up mode.

When Lovern confronted BWW’s general counsel she disappeared and so did the SEC documents in question from the BWW website, but, Lovern has them.

This is going to be a very interesting situation considering there is a BWW shareholder lawsuit pending over the sale of BWW to Arby’s. Roark Capital is playing with fire.

Stay tuned.