Prosecutor’s Unlawful Win At All Costs by Tony Viola
- Prosecutors misstated the law concerning selling properties ‘no money down’ and falsely claimed our real estate paperwork was fraudulent. In fact, that paperwork followed HUD and IRS guidelines and was prepared , reviewed and even used by my company’s real estate attorney.
- Federal prosecutors play a double game with banks in so-called mortgage fraud cases. In some courtrooms, banks like JP Morgan are depicted as innocent victims, duped into making ‘no money down’ loans that do not meet lending guidelines or duped by misrepresentations about a borrower’s income. In other courtrooms, JP Morgan and the Justice Department enter into multi-billion dollar settlements with admissions by the bank that the bank KNOWINGLY make loans that did not meet guidelines and that the bank altered documents INSIDE the bank in order to close loans. JP Morgan’s testimony at both of my criminal trials was false and cannot be reconciled with admissions available at www.doj.gov, 11/19/13 $13 billion settlement.
- In my case, lender employees were later indicted alleging that wrongdoing took place inside the bank. That indictment CONCERNED THE EXACT SAME PROPERTIES THAT WERE AT ISSUE IN MY CASE, proving that the Justice Departmen hides key evidence to pursue multiple theories of criminality concerning the EXACT SAME PROPERTIES.
- As an aside, restitution orders in these cases are unlawful’ banks cannot be ”victims” once they admit to engaging in criminal behavior, according to the restitution statutes. Moreover, banks have already reached financial settlements with bondholders on many of the properties that are also subject to restitution orders.