Author Topic: Suntrust Scandal  (Read 42430 times)

0 Members and 21 Guests are viewing this topic.

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #29 on: August 30, 2017, 10:36:46 PM »
#HoustonFlood #FloodInsurance #SunTrustBank

« Last Edit: August 30, 2017, 10:39:45 PM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #28 on: August 30, 2017, 10:16:46 PM »
#FloodInsurance #FEMA #SunTrustFlood


SunTrust fined by Feds in repetitive pattern of violations - 

This raises significant questions in why SunTrust shareholders  continually have to bailout the Boards bad decisions? 




May 25, 2017

SunTrust Bank will pay a fine of more than $1.5 million for the bank’s “pattern or practice of violations” of a portion of the National Flood Insurance Act, the Board of Governors of the Federal Reserve announced on Thursday.

Details on the fine are scarce, as the three-page announcement from the Fed does not list any of the facts that led to the fine.

The Fed announcement simply states that SunTrust’s $1.501 million fine will be paid to the National Flood Insurance Program.

When contacted by HousingWire, a spokesperson for SunTrust said that the bank is not providing any more details on the violations, adding that issues are in the past.

“We have made various enhancements to our flood insurance program since these issues occurred in 2012-2013,” the SunTrust spokesperson said.



« Last Edit: August 30, 2017, 10:19:56 PM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #27 on: August 30, 2017, 09:44:26 AM »
#SunTrustMortgageScandal

Pay close attention to these documents and the timeline of events below.  This seems to elevate the questions as to who was really behind the $88M Invented Email Scheme...

- August 2008, Mary Pettitt provided her fellow SunTrust executives and general counsel with the spoiled (invented) e-mails, but there was a problem: Pettitt's text didn't match the version of the same e-mail message provided to the court by the Plaintiff (United Guarantee). 

"Instead of interviewing the employee who likely had all the answers, [SunTrust] chose to conduct a records-based investigation that kept Ms. Pettitt in the dark about what [SunTrust] knew.  And even [SunTrust's] efforts in this regard were tepid at best," wrote Judge Payne in his opinion.

"The significance of whether the emails were genuine was obvious: if the emails were fraudulent, Ms. Pettitt's characterization [that SunTrust had no obligation to underwrite certain loans] also might be suspect," wrote the judge.  he concluded the that the altered email "could jeopardize [SunTrust's] ability to collect tens of millions of dollars in insurance payouts from UG."

- December 2008 - SunTrust lawyers and executives inclusive of Keith Reynolds, Debra Hovatter and Susan Thurman, as well as by general counsel Ray Fortin held a conference call, were outside counsel call in and happened to leave a note in his case file... Saying... The general counsel's (Ray Fortin) message was clear.

"Ray Fortin instructed that he would like to avoid confronting or placing on leave / firing Mary Pettitt for fear it will adversely affect the insurance claim against AIG." Gold wrote.

It appears after being aware of Mary Pettitt's Invented Email Scheme, SunTrust allowed her to continue gainful employment but allowed her to subsequently conduct "Training" on the very Document Underwriting thats the nexus of the $88M case..

- April 2009 - Mary Pettitt holds Refinance Training for SunTrust Mortgage employees inclusive of 1) SunTrust implementation Plan 2) DU Refi Plus TM Guidelines 3) Subordinations and 4) STMPartners/Calyx/MLCS

Summary -

- March 2009 SunTrust finally confronts Mary Pettitt over email scheme, yet did not follow up, and failed to find out exactly how many e-mails she has altered. 

- April 6th, 2009 - SunTrust Mortgage willfully allowed Mary Pettitt to conduct underwriting training to STM staff, while it had just confronted her over inventing emails to support SunTrust $88M suit.

- 2010 - SunTrust reportedly fires Mary Pettitt, But did they really fire Ms. Pettitt?

- 2017 - Evidence obtained by Citizens Science suggest Mary Pettitt is currently employed by SunTrust Mortgage in Richmond, Va as a Senior VP.

Concluding thoughts - What does the evidence suggest?  Was Mary Pettitt the real inventor of this elaborate email scheme, later held out as a Fraud upon the Court?  Or was Ms. Pettitt merely a scape goat for high ranking SunTrust Officer(s) more concerned about earnings, seven figure bonus's and saving face than corporate integrity and "Good Governance?"

One may deduce, if SunTrust was so worried about Ms. Pettitt's integrity, they would have never allowed her to remain on the job and certainly not conduct her April 6th, 2009 underwriting training...  All just a few weeks later.

So who is the real culprit?  You decide...




« Last Edit: August 30, 2017, 10:49:06 AM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #26 on: August 30, 2017, 09:02:51 AM »
#SunTrustMortgage


SunTrust Mortgage when questioned over their Invented Email Scheme, seemed rather short on any meaningful explanation...




http://www.wphillipslaw.com/yahoo_site_admin/assets/docs/Article_-_Accusations_Fly_in_a_Faulty_Mortgage_Lawsuit--AIG_v_SunTrust_Bank--Bank_Employee_Admits_Forging_Emails_to_Help_Case20101215.348153446.doc
« Last Edit: August 30, 2017, 09:23:30 AM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #25 on: August 29, 2017, 10:06:26 PM »
SunTrustMortgage Scandal

When SunTrust Mortgage doesn't have evidence do they simply "Invent" it... ??  A Citizens Science Investigation into SunTrust Mortgage -

Was SunTrust Mortgage employee Mary Pettitt, "Put Up" to carrying out an apparent scheme serving to spoil electronic evidence by SunTrust lawyers, executives and or the banks General Counsel?

Would this suggest she was put up to committing a "Fraud Upon The Court" by SunTrust Counsel?

Was she really fired back in 2010 months after SunTrust was caught by Judge Payne?  The evidence circa 2017 may suggest otherwise...

Again, perhaps Mary was highly rewarded for carrying out any such a spoliation order? 

Do you know someone with a SunTrust Mortgage, consider sharing this link... 

We investigate... You decide... 
 







« Last Edit: August 30, 2017, 08:39:40 AM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #24 on: August 27, 2017, 12:08:25 PM »
#HoustonFlooding

#SunTrustMortgage seems to wordsmith (first image) its participation in Lender Placed Hazard Insurance to shareholders??




Assurant Annual Report
« Last Edit: August 28, 2017, 11:37:47 AM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #23 on: August 27, 2017, 11:24:42 AM »
#HurricaneHarvey #LenderPlacedInsurance and #SunTrustMortgage

Has SunTrust Mortgage ever profited off Forced Placed Insurance Coverage?  I.E.- Wind / Hurricane / Flood Coverage / Endorsement?

Citizens Science Investigates...


« Last Edit: August 27, 2017, 11:26:21 AM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #22 on: August 19, 2017, 07:23:49 AM »
#suntrustmortgagescandal


Meet...  SunTrust Mortgage CEO, Jerome T. Lienhard. 

SunTrust customers should at all cost avoid the use of what's now widely accepted communication known as, mobile device "Short Hand" when writing Mr. Lienhard at jerome.leinhard@suntrust.com . 

It's recommended customers refer to this powerful seven figure CEO as Mr. Jerome T. Lienhard.

This is a CEO who visited the White House 6 times, with many visits while SunTrust was under Criminal Investigation.  *Much more coming on CEO "J", SunTrust Criminal Investigation and the White House shortly, so "ck bk" often.

Who knows perhaps J had a secret tarmac meeting in the rear of an airplane with the AG too?


« Last Edit: August 19, 2017, 11:32:07 AM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #21 on: August 18, 2017, 05:20:13 PM »

Please consider sharing this link after reading if you agree.  Thank you the Citizens Science Team.




SunTrust attempts to "Squelch" Citizens Science for sharing the publicly available contact info of SunTrust Mortgage CEO Mr. Jerome T. Lienhard.

Next SunTrust used their stature to apparently, lobby Twitter and restrict @CitizensSci account...

Let's look at the facts:

Citizens Science through its ongoing (2.5yr / 3500hr) SunTrust investigation / discovery effort, identified specific documents within the FDIC of interest.  One of these publicly available documents is public Congressional Testimony of Mr. Jerome Lienhard, now CEO of SunTrust Mortgage. 

Mr. Lienhard apparently had forgotten he freely shared his direct contact with Congress and the public (below).

Citizens Science felt in the interest of transparency and customer service any concerned customer should be able to access all publicly available contact information for SunTrust Mortgage inclusive of Mr Lienhard's. 

Obviously, the Seven Figure SunTrust CEO is far and above his customers??

Perhaps if Mr. Lienhard didn’t want his contact number and email public he shouldn't have been the the very one to have made it public record to began with...










Please consider bookmarking and sharing this link.  Citizens Science will continue to upload new documents so check back regularly.  We appreciate your interest in following our on going, all volunteer Investigative Research into SunTrust Mortgage.
« Last Edit: August 18, 2017, 06:33:22 PM by citizensscience »
Citizens Science

citizensscience

  • Administrator
  • Hero Member
  • *****
  • Posts: 1200
  • Karma: +0/-0
Re: Suntrust Scandal
« Reply #20 on: August 18, 2017, 11:12:36 AM »



Did SunTrust utilize the "Staffer” Play from the notorious Jack Abramoff’s “Lobbyist’s Playbook”??   You decide -




https://www.legistorm.com/pro_news/view/id/352.html






* The words of Lobbyist Jack Abramoff
    (click link)

https://youtu.be/CHiicN0Kg10?t=3m10s










#suntrustmortgagescandal
suntrustmortgagescandal
« Last Edit: August 18, 2017, 11:53:44 AM by citizensscience »
Citizens Science