Issue 06
DID CHAIRMEN WEIL/HOEKSTRA ALLEGEDLY DESTROY SUBPRIME ET AL DOCUMENTS AFTER PURGING THE MORTGAGE DEPARTMENT?
Telegraph UK reports: “The Swiss government is giving UBS, the country's largest bank, Sfr60bn (£31bn) [ $40,000,000,000US] of taxpayer funds to create a rubbish dump for its "toxic" sub-prime assets as well as rebuild its capital strength. The UBS bail-out is the most extreme of a series of actions taken by Switzerland” F1 A reliable UBS source has said the UBS Chairmen Weil/Hoekstra office purged the entire UBS mortgage department in one well planned lightening strike. We have been told by the UBS reliable source this is the reason why the Florida senior citizen Client’s documents reached the Weil/Hoekstra office. Let us explain. It seems that the Client’s mortgage was prepared at the same time the Weil/Hoekstra office was orchestrating the entire mortgage department the purge. They then replaced the mortgage department with an outside subcontractor. During the interim, the Weil/Hoekstra office allegedly deliberately destroyed and/or altered mortgage documents that would have been deleterious to UBS AG before their successful $40,000,000,000 Swiss taxpayer bailout plea. Allegedly destroying and/or altering these documents could be considered a criminal act by Federal authorities but the Weil/Hoekstra office was not caught, that is until Client and his Alley, Maass, Rogers & Lindsey law firm attorneys started asking questions of UBS employees regarding UBS Client mortgage documents. Weil/Hoekstra office allegedly told the chain of command they would be immediately terminated from UBS if they talked to Client, his Florida real estate attorneys or anyone connected to Client. Strangely, it is documented UBS allegedly had the subcontractors misrepresent themselves as UBS mortgage employees to the Client, his attorneys and to the world. UBS has a history of destroying and/or altering inconvenient documents (See Issue 2).
DID UBS CHAIRMAN USE THE MORMON CAPITAL TO OBTAIN ALLEGED FRAUDULENT JUDGEMENTS AGAINST UBS CLIENTS?
US fugitive from justice UBS Chairman Raoul Weil has used the District Court under the shadow of the Mormon Tabernacle in Salt Lake City, Utah to obtain judgments based upon alleged fraud against UBS clients. UBS Chairman Weil would then have these judgments exported to other US states for enforcement. We see this practice is allegedly still going on unabated. Yet again, it is a matter for US Federal authorities to investigate UBS since the alleged fraud crosses state lines.
ARE SALT LAKE CITY COURTS UBS SLAUGHTERHOUSE FOR US CLIENTS?
Reliable sources have said UBS allegedly receives rubber stamp judgments based upon questionable facts from the Salt Lake City District Court. UBS could not stand initial scrutiny in other US courts. This is called fraud-upon-the-court and falls within the jurisdiction of US Federal authorities that have yet to deal with this alleged pattern of criminal activity. The reliable source has alleged UBS implements this same scheme in whatever country they do business.
UBS ATTACKS FLORIDA DEMENTIA SENIOR CITIZEN IN UTAH COURTS USING FRAUD-ON-THE-COURTS
A UBS Client Complaint Answer in the Third District Court of Salt Lake City (Case No. 080926075) says: “Ignoring the Mortgage collateral, UBS initiated the present prepayment penalty Complaint for collecting court costs, legal fees, fines, damages, collection fees, interests ad nausea. This procedure is known as “ballooning” and is illegal in many US jurisdictions. Reliable sources maintain this is done by UBS to use Salt Lake City, Utah District Court to export judgments based upon UBS alleged fraud to other states.” Utah is allegedly being used by UBS to attack clients from other states by saying their Salt Lake City “industrial” processing branch gives UBS this right.
UBS CHAIRMEN WEIL/HOEKSTRA’S OFFICE ATTACKS FLORIDA DEMENTIA SENIOR CITIZEN UBS CLIENT USING UTAH COURTS
UBS Chairmen Weil/Hoekstra’s office is allegedly taking revenge towards the Florida dementia senior citizen UBS Client for divulging information on UBS Weil/Hoekstra’s office questionable US activities (See Issue 3). UBS has taken the Client’s investments, sold them and kept the money without Client knowledge (See Issue 2). UBS says Client has to pay UBS $98.08US per day prepayment penalty interest for a credit line/mortgage which had been unilaterally closed out by UBS. UBS has demanded $55,786.78 prepayment penalty for unilaterally closing Client's account. The UBS Weil/Hoekstra’s office saw they could not take their Clients Florida homesteaded home without admitting to their registered mortgage on his property. UBS Weil/Hoekstra’s office is now charging an excessive credit line/mortgage agreement prepayment penalty and other fees for closing out on a judgment made in Utah courts, far away from the Client and the proper Florida jurisdiction. UBS gave their senior citizen with dementia Client 3 days to prepare a defense, travel to Utah and hire a Utah lawyer. We have been told by reliable sources UBS Weil/Hoekstra’s office allegedly frequently uses this devious ploy to gain money from US senior citizens, especially with dementia.
SENIOR CITIZEN CLIENT ANSWER TO PRAYER FOR RELIEF IN UTAH
"Wherefore, Defendant UBS Client is on record as willing to negotiate the Credit Line/Mortgage Agreement amicably with UBS Banker/Broker Dealer Plaintiff. The Defendant sees no reason why this Court should grant the UBS Plaintiff unnecessary and excessive “ballooning” relief without UBS dealing with the Mortgage part of the Credit Line/Mortgage Agreement in the rightful Florida jurisdiction. The UBS Complaint before this Court is so rife with misrepresentations so as to render it a fraud-upon-the-court. UBS has exported misrepresentations and questionable behavior from Florida to Utah District Court for the purpose of obtaining a favorable judgment. This judgment is then to be imported back to Florida for enforcement against Client within the Florida courts. Judge Peuler could be obligated to report this pattern of behavior to Utah, Florida and Federal prosecutors. This Complaint is based upon, yet again, fraudulent use of the United States court system by UBS AG. Unfortunately, the main source of Client discovery would be UBS chairman Raoul Weil who is now a fugitive from US Federal justice.
The senior citizen Client has difficulty traveling, especially to to Salt Lake City, Utah because of medical tests on Client brain seizures (exhibit F), diagnosed approximately one year ago and known by UBS."
DOES UBS GIVE INCENTIVES TO SIGN US SENIOR CITIZENS AS CLIENTS, ESPECIALLY WITH DEMENTIA?
Bloomberg reports: “Weil gave subordinates at UBS incentives to increase their business with U.S. clients, knowing that they were violating the 2001 agreement to identify customer names, prosecutors alleged in the November indictment. In 2002, Weil and other executives hid from the IRS the results of an internal audit that showed the bank wasn’t meeting the terms of the agreement, according to the November indictment.” F2 Chairmen Weil/Hoekstra’s office continues to go after the remaining part of a Florida senior citizen UBS Client’s estate. The senior citizen has dementia. UBS has allegedly looted Client’s bank, checking, mortgage and brokerage accounts of more than $1,500,000US. UBS has initiated a legal action in a UBS self-professed friendly Utah court against the Florida resident senior citizen Client for prepayment penalties and fees. It is alleged UBS Chairmen Weil/Hoekstra’s office offers incentives to UBS employees for targeting and recruiting US senior citizens, especially with dementia.
DOES CROSS-SELLING ENABLE UBS TO BLUR UBS CLIENT ASSETS?
Bloomberg reports: “cross-selling. In a financial supermarket, bankers are supposed to offer depositors a credit card and then a mortgage, a home equity loan and perhaps advice on stocks and bonds.” F3 We have seen UBS shuffle money around belonging to a Florida senior citizen UBS Client’s account so that even an accountant could not decipher. We have seen UBS Chairmen Weil/Hoekstra’s office neither confirm nor deny the Florida Client has a mortgage even though UBS has admitted to it in Utah court documents as well as it being recorded in the Palm Beach County registry of deeds as mortgagee (See Issue 3).
Letters to the Editor:
Dear Sir/Madam:
I have been considered a large investor and have never received such information about banker/broker dealers before my local broker presented your newsletter to me. Why on earth don’t other media tell the public about these things?
A friend from San Francisco
Dear Editor
I saw page advertising in the Palm Beach Post by UBS investment recruiters. When UBS chairman became a fugitive from US justice by not reporting to the Ft Lauderdale Federal court this should have been considered big news. The UBS clients in Palm Beach County should have been alerted with an in-depth article. They were not. Palm Beach Post buried a 2-inch article in their paper. Question: Is there a correlation between the amount of advertising and negative coverage in media?
Palm Beach resident
Editor:
How do we support you so that UBS can come further under the spotlight? There are many banks and broker dealers that do not like the unfair competitive advantage UBS has in our marketplace.
NYC financial
Dear Editor:
Your site is funny but sad. I sort of admire UBS because they are doing outright what the other US banker broker dealers have done since their inception. UBS knows how it works because you say they know which Washington political operatives hide money in their Swiss bank. They can take advantage of this more than the homegrown US banks and broker dealers. I would definitely invest with them if they did not do such horrible things to their client senior citizens. I am one of those.
Widower -- Jupiter, Florida
Editor:
Why doesn’t UBS just “accommodate” you guys the old fashion way? We don’t understand why they victimize a Client rather than making some sort of quiet adjustment. This is what U.S. banks and brokers do. Are they really that arrogant? This is hurting their lobbying effort in Washington. UBS is becoming a joke on the Hill.
Washington “political operative”
Dear Readership:
We are receiving much heads-up information from disenchanted UBS employees. We screen the information for credibility and find the results valuable. Many tell of the disenchantment with the UBS mean spirited corporate ethic. There seems to be a great concern about the incentive pay carrot given employees to allegedly commit questionable if not criminal acts while using the stick on those who refuse. We know also UBS has a history of destroying inconvenient documents. It seems to be ingrained within their ethic. We welcome whistleblowers and hope they will continue to send information to us. This gives the world a bit of transparency upon the likes of UBS and enhances, however slight, world quality of life.
If seniorsavior.com continues to grow and pass the word of UBS predatory practices to the US wealthy, we see not future for UBS as a broker dealer in the US or anywhere else. Seniorsavior.com has said they are to become international at spreading the word. If this be the case, we do not hold very much promise of UBS existing in such an environment ot transparency. Of course Swiss political operatives can again force the Swiss taxpayer to disgourge more bailout money in an attempt to stop the inevitable.
Director@internalrevenue.com