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

Posted on 

 

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.

 

 

 

PRESCOTT LOVERN, SR. CATCHES WENDY’S & SUBWAY DUPING CUSTOMERS WITH ADVERTISING

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FEBRUARY 6, 2018

Prescott Lovern, Sr. (Lovern) has caught Wendy’s & Subway duping customers with their advertising. Both companies run corporate TV ads and respective website promotions that offer special pricing on respective food products.

The TV Ads have unreadable fine print that says [paraphrase] participating restaurants and price varies. What they don’t tell the consumer is that their respective franchisees are NOT required to honor advertising from corporate. More importantly not disclosed  is that roughly 100% of all Subway locations are franchises. And, roughly 99.5% of all Wendy’s are franchises.

Corporate drives consumers to their restaurants and many times the consumer finds out that $4.99 Footlong, or, 4 for $4, is not available. Two options, leave, or buy more expensive food.

Nice scam.

Stay tuned. More to come.

EQUIFAX DATA BREACH – SOCIAL SECURITY ADMINSTRATION REFUSING TO GIVE EQUIFAX VICTIMS NEW SOCIAL SECURITY NUMBERS

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SEPTEMBER 20, 2017

PRESCOTT LOVERN, SR. LEGAL NEWS – Prescott Lovern, Sr. (Lovern)

Victims of the Equifax Data Breach are being denied [confirmed] new social security numbers (SSN) by the Social Security Administration (SSA) [Obama Holdovers]. President Trump doesn’t even know about this, as SSA is trying to keep it quiet. Victims are entitled to a new SSN.

From the Federal Trade Commission:

“The SSA may assign a new Social Security number to you if you are being harassed, abused, or are in grave danger when using the original number, or if you can prove that someone has stolen your number and is using it. You must provide evidence that the number is being misused, and that the misuse is causing you significant continuing harm.”

“The SSA lets you apply for an original Social Security number or a replacement Social Security card for free.”

The Congressional oversight committees for SSA will not let you talk to anyone, nor will they identify staff members. ZERO TRANSPARENCY. The GOP obviously feels they do not have to talk to the American People.

This outrageous behavior at SSA will not stand, trust me.

Stay tuned.

WELLS FARGO FAKE ACCOUNTS AND SERIOUS ATTORNEY MISCONDUCT NO ONE IS TALKING ABOUT – DISCIPLINARY COMPLAINTS BEING FILED, MORE COMPLAINTS TO COME

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September 12, 2017 - [updated 09/14/17 - see in red]

PRESCOTT LOVERN, SR. LEGAL NEWS – Prescott Lovern, Sr. (Lovern)

Attorneys that Lovern will file disciplinary complaints against in the first round of the Wells Fargo fake accounts scandal. [NOTE – Complaint allegations against these lawyers will not be disclosed in this press release].

James Strother [former general counsel], C. Alan Parker [current general counsel], Pamela Pearson [senior litigator] – Wells Fargo (WF)

Mike Miller – Partner Morrison Foerster [represents WF]. Larren M. Nashelsky, managing partner Morrison Foerster.

Issac deVyver, Ben Sitter, Jarrod Shaw  – McGuire Woods [represent WF]

Diana Weiss [Network Global General Counsel], Caroline Cheng [USA General Counsel {former White House Counsel to President Obama}] – PricewaterhouseCoopers (PWC) [PWC investigated and wrote Report for WF Directors on scandal].

Jonathan Su [former White House Counsel to President Obama] – Latham & Watkins [retained to represent PWC after PWC accused of covering-up federal felonies connected to scandal].

David J. Beveridge – Shearman & Sterling (S&S) [Global Managing Partner S&S].

Amy Friend – Senior Deputy Comptroller & Chief Counsel, Office of the Comptroller of the Currency (OCC). The OCC regulates Wells Fargo Bank. Julie Williams, former Chief Counsel / Deputy Comptroller OCC; Dan Stipano, former Chief Counsel OCC.

Scott Alvarez – just retired General Counsel, Federal Reserve Board (FRB). Wells Fargo & Co. [holding company] is regulated by the FRB.

Every licensed lawyer knows that when Wells Fargo opened a fake account without their customer’s knowledge and approval, state & federal laws were violated. Here are a handful of federal felonies in play, but not limited to – 42 U.S.C. § 408(a)(8) [social security numbers]; 18 U.S.C. § 3 [accessory after-the-fact]; 18 U.S.C. § 4 [misprision of felony]; 18 U.S.C. § 371 [conspiracy]; 18 U.S.C. § 241 [federally protected rights]; 15 U.S.C. § 1681q [FCRA]; 18 U.S.C. § 1961 et seq. [RICO]. (fake accounts scandal hereinafter referred to as “scandal”).

American Bar Association (ABA) Model Rule 8.3(a) states:

(a) A lawyer who knows that another lawyer has committed a violation of the Rules of Professional Conduct that raises a substantial question as to that lawyer’s honesty, trustworthiness or fitness as a lawyer in other respects, shall inform the appropriate professional authority.

Every jurisdiction has the exact or very close to the same standard in their Rules of Professional Conduct. Have any lawyers connected to the scandal been reported for misconduct. Not to my knowledge. All lawyers are required to report attorney misconduct, even if it is a colleague; however, every lawyer connected to the scandal will claim confidential and/or attorney/client privilege. WRONG!

In New York (NY) where much of the scandal attorney misconduct has occurred, NY’s Rules state – (b) A lawyer may reveal or use confidential information to the extent that the lawyer reasonably believes necessary; 6) when permitted or required under these Rules or to comply with other law or court order [underline added]. The District of Columbia Rules state you can use confidential information “to prevent, mitigate or rectify substantial injury to the financial interests or property of another.”

More important federal law [18 U.S.C. § 4] states – “Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both.” To my knowledge no lawyers connected to the scandal are facing disciplinary action, and, there is no evidence any lawyer has complied with 18  U.S.C. § 4.

All licensed attorneys are “Officers of the Court.” On admission to practice in federal court attorneys swear under oath – I _______________________, DO SOLEMNLY SWEAR (OR AFFIRM) THAT AS AN ATTORNEY AND AS A COUNSELOR OF THIS COURT I WILL CONDUCT MYSELF UPRIGHTLY [word salad] AND ACCORDING TO LAW, AND THAT I WILL SUPPORT [not abide by] THE CONSTITUTION OF THE UNITED STATES. [underline added]. Similar jurisdictional license Oaths are given. This is like a four year old telling his mommy after being told not to eat any cookies, “I’ll try not to eat all the cookies.”

How nice if lawyers would abide by all laws and the U.S. Constitution. The number of attorneys who have violated the law and committed serious ethic’s violations in connection to the scandal is staggering, YET, NO ONE is talking about it, much less doing anything about it. If ordinary citizens had done what I’m talking about they would be sitting in jail, denied bail, awaiting trial.

Too many lawyers think they can decide when and what laws they have to abide by. How do they get away with this behavior?  Easy, 1) Congress is controlled by lawyers; 2) judges are nothing but lawyers in black robes; 3) if a disciplinary complaint is filed, who makes the decision about discipline? Lawyers. Not trying to steal a phrase, it’s a rigged system. Not all lawyers are corrupt, but way too many are.

Here is the result of the attorney misconduct associated with Wells Fargo:

FROM WELLS FARGO 2016 10K – “If Wells Fargo were to fail, it may be resolved in a bankruptcy proceeding or, if certain conditions are met, under the resolution regime created by the Dodd-Frank Act known as the ‘orderly liquidation authority.’ ”

The “scandal” is just the beginning of attorney misconduct exposure. Just like in the Wizard of Oz, when the curtain was pulled back, wait until you find out what lawyers did in the MasterCard / VISA Credit Card, [yet to be litigated], CRIMINAL ENTERPRISE. If you want to “Drain the Swamp,” you have to start with the lawyers.

Stay tuned.