MN AG Sues United Credit Recovery - fraudulent affidavits

[ICANHASMUNY?]

http://online.wsj.com/article/BT-CO-20131030-716809.html?dsk=y

 

 

By Andrew R. Johnson

A Florida firm allegedly created thousands of fake legal documents bearing the forged logos of banks including Wells Fargo & Co. (WFC) and U.S. Bancorp (USB) to pursue consumers for past-due overdraft fees, Minnesota Attorney General Lori Swanson said Wednesday.

 

United Credit Recovery LLC, the company in question, purchased debt portfolios from banks -- and then used computer software to copy and paste images of bank employee signatures and bank logos to make the company's legal affidavits seem legitimate, Ms. Swanson alleged in a lawsuit filed in Minnesota state court.

 

The company used the documents to pursue collections cases against borrowers and often resold the portfolios it acquired to other firms, which also used the "false affidavits to collect money from consumers, both directly and through court judgments," the suit said.

 

Wells Fargo sued United Credit Recovery in federal court in Florida last month, accusing the company of creating fraudulent affidavits by forging its employees' signatures. The San Francisco bank stopped selling debt to the company in 2012, citing concerns about the company's operations, according to court filings.

 

 

[JunkBuyersWorstNightmare]

http://online.wsj.com/article/BT-CO-20131030-716809.html?dsk=y

 

 

 

Wells Fargo sued United Credit Recovery in federal court in Florida last month, accusing the company of creating fraudulent affidavits by forging its employees' signatures. The San Francisco bank stopped selling debt to the company in 2012, citing concerns about the company's operations, according to court filings.

 

 

That's when you know how bad these people are.

[ICANHASMUNY?]

looks like UCR sued Wells Fargo first for breach of contract when they stopped selling the accounts.

 

United Credit Recovery, LLC v. Wells Fargo Bank, N.A.

 

UCR filed the suit in Florida state court in April, claiming Wells Fargo offered the accounts for sale to other vendors in breach of their deal. The suit sought injunctive relief that would have prevented the bank from selling the receivables to others.

According to the complaint, UCR buys demand deposit checking accounts with overdraft balances from other financial institutions and attempts to collect those balances. In January 2010, it entered an agreement with Wells Fargo in which the bank would sell UCR its overdraft accounts on a monthly basis.

 

 

and Wells Fargo is now suing for " trademark infringement" ( because fraud wasn't perpetuated against WF, the fraud claim rests with consumers and other JDB's who UCR gave the affidavits to . )

 

anybody with a Pacer account?

[cashnocredit]

That's amazing!

[ICANHASMUNY?]

lay down with dogs and you get fleas.

[CG in TX]

I would expect UCR to get hammered in this one. I know I should never be surprised or shocked by the stupidity of a JDB, but this is really over the top.

[road2freedom]

[ICANHASMUNY?]

I would expect UCR to get hammered in this one. I know I should never be surprised or shocked by the stupidity of a JDB, but this is really over the top.

 

The Manager for URC was previously the Manager for overdraft collection for WF.

 

Hard to believe that he's not involved in this, guess it will come out in court.

[CG in TX]

looks like UCR sued Wells Fargo first for breach of contract when they stopped selling the accounts.

 

United Credit Recovery, LLC v. Wells Fargo Bank, N.A.

 

UCR filed the suit in Florida state court in April, claiming Wells Fargo offered the accounts for sale to other vendors in breach of their deal. The suit sought injunctive relief that would have prevented the bank from selling the receivables to others.

 

According to the complaint, UCR buys demand deposit checking accounts with overdraft balances from other financial institutions and attempts to collect those balances. In January 2010, it entered an agreement with Wells Fargo in which the bank would sell UCR its overdraft accounts on a monthly basis.

 

 

and Wells Fargo is now suing for " trademark infringement" ( because fraud wasn't perpetuated against WF, the fraud claim rests with consumers and other JDB's who UCR gave the affidavits to . )

 

anybody with a Pacer account?

The suit by UCR against Wells Fargo was dismissed with prejudice; Wells is asking for UCR to stop doing what it had been doing, it's own damages, UCR's profits, attorney fees, costs (and that all of this be trebled), plus other damages for unjust enrichment, and that UCR get all of the forged documents back from whoever has them (Notices and Affidavits of Correctness). Included in the exhibit to the complaint is an email dated 12/14/12 from consumadvocat41576 @ an isp.com to jay Thornton, one of the attorneys representing WF in the suit UCR filed against them, saying "It is common knowledge in the collections industry that UCR..." does this, and provided links to two threads on Inside Arm that talked about it, and even had an image file of four different fraudulent docs. The exhibits are pretty sad, in that apparently some third party JDBs relied on this stuff...the trademarks are blurry, the alignment is bad, they just do not look real.

 

But then again, nobody ever accused the JDBs of being the sharpest knives in the drawer...or, for that matter, of being knives.