The West Coast Radio Show: Chase Admits it does not have Wire Transfer Receipts

Investigator Bill Paatalo will share a bombshell: There is a COMPLETE disconnect between the Trust, the Servicer and the Borrower and there is NO WAY to prove, through verifiable accounting, that the alleged investor ever receives the payments from the Homeowners. On February 23, 2018 JPMorgan Chase filed an emergency motion seeking clarification and an in camera review. (See: Proodian-V-Chase-Order1).  The Order demands Chase produce “ wire transfer history for Plaintiff’s account reflecting payments made to JPMorgan Chase Bank, N.A. and forwarded to Wells Fargo, or any other entity, via wire transfer.  Chase admists that it is not in “possession, custody or control of the documents”. Chase continues to assert that its records will show that: Plaintiff’s loan is part of the pool of loans; and that Chase makes one large lump sum payment to Wells Fargo each month for that pool, regardless of whether it receives a payment from Plaintiff’s. Chase admits that it sends millions of dollars each month to Wells Fargo on behalf of a pool of loans, but can’t break down that lump sum to show the origins and sources of these payments!  Bill Paatalo, Private Investigator BP Investigative Agency, LLC [email protected]   Charles Marshall, Esq. [email protected] Phone 619.807.2628 Fax 866.575.7413