August 19th, 2008
I have added this week's the Pick-of-the-Week. It is "The Top 10 Emails" I received from visitors during the first week of having reopened my Predatorix email (August 2-10th). I decided to stretch the definition of "week" because the email sent on the 10th was from my dad. Again, I would like to thank the public for supporting Predatorix and their kind words, it is my pleasure to serve you and help the public any and all ways I can.

Besides, its my website and I can do whatever I want with it lol

If you would like for your email to be used in court to help defend my website against Wells Fargo and ORIX, please email by the end of August. My trial begins September 16th.

August 12th, 2008
I have updated the Pick-of-the-Week. It is a News Clip titled, "Wells Fargo: Minnesota's No. 2 employer is No. 1 at Targeting Minorities and Discriminating". The title speaks for itself. Most of you probably already knew Wells Fargo was #1 at targeting minorities anyways, as I have covered it before on the website. Its basically common knowledge lol..

BTW, I would like to throw out my next prediction: due to the plethora of illegal by the financial institutions, starting in 2009 or 2010, the USA will slide into a depression. These banks have stolen thousands of homes and caused over a trillion dollars of damage to the housing market (homes nationwide have lost as much as 50% of their value) as well as the financial world (pension funds, retirement funds, etc. have lost hundreds of billions of dollars). Not to mention numerous banks have already failed in the past several weeks...

Also, I have updated the Recommendations section as well as added a new section called Related Sites. See also the Predatorix Was Right! section.
-Cyrus

August 5th, 2008
I have updated the Pick-of-the-Week. It is the sad story of yet another suicide of a homeowner in foreclosure who was about to lose their home. This is a travesty which should not happen at all. These banks need to be taught a lesson.

I have added several suicide and mental stress related articles under the News Clips section as well.
-Cyrus

August 2nd, 2008
The Cyrus/Predatorix vs Wells Fargo and ORIX case is going to trial on September 16th, 2008, as I have been sued by Wells Fargo and ORIX because they want to shut down my website. Im sure you are thinking, what the heck is a bank and a servicer doing suing a teenager for his site and not any other site? Obviously he's on to something they don't want you to know -- the plethora of facts and proof of evidence of their lies/fraud/etc that are documented on my website. Therefore, I have REOPENED MY EMAIL.

If you feel that Predatorix (with thousands of hours of my personal time invested in it by researching, reading, writing, and such) has been a valuable resource to you and/or has helped educate the public, please send a brief message using the form below to help support it. Also, if you have been the victim of crooked banks such as Wells Fargo or predatory servicers such as ORIX, and would like for your story to be heard by a judge, this is where it can be told!

These emails will be submitted to the court as part of my evidence. The name box is not required so you can send it anonymously, EMAIL PREDATORIX!
-Cyrus

July 29th, 2008
I have updated the Pick-of-the-Week. It is a follow-up POTW from the 7-8-08 POTW. The new and improved Helium article by Linda Sunkle-Pierucki has the key concepts about this whole "mortgage mess" highlighted and commented, as well as the referenced documents as exhibits. Pretty much everything you need to know is explained in this two page document plus exhibits.

If you read it all (with or without exhibits) youll see its such a powerful paper which easily summarizes all of the problems which have plagued the market/economy for the past year, the same problems Predatorix forewarned and tried to help prevent by educating the public, as stated in her article.

Given everything thats happened over the past year, I believe my website and I still helped save another $1-2 trillion worth of damages to the world capital and housing markets. How? As this is a ponzi pyramid scam, had this racket perpetuated just one more year, the damages would have been more than all the years before it. So thank Predatorix for saving the world $1-2 trillion of damage and from possible total meltdown. Your welcome.
-Cyrus

July 22nd, 2008
This week's Pick-of-the-Week is up. It is a great video made by a YouTube member dedicated to Predatorix.

Oh, and I have already planned a great POTW for next Tuesday.
-Cyrus

July 15th, 2008
I just want to be the first to say with all recent events occuring, Mortgage Servicing Rights which used to be booked as an asset should now be booked as a liability. Wells Fargo's $18,000,000,000 of MSRs aint lookin so hot now are they?! I bet Richard Kovacevich himself didnt even think of that.

Oh, and it looks like Wells Fargo's stock came up quite a bit after that three week decline after they announced that they are going to "increase dividends" and their losses "werent as bad as expected". I feel sorry for the chumps that took the bait. Now is an even BETTER time to short as over the next few years, for $18B worth of asset to convert to a $18B liability means (example) $6B of losses every year for the next 6 years (net change of $36 billion) -- now that bites.If you made the 15% shorting Wells Fargo or ORIX, good job, heres another chance to make even more. Mark my words.

See also my papers, Mortgage Servicing Rights Exposed (1 and 2).
-Cyrus

July 15th, 2008
I have updated the Pick-of-the-Week. It is a news clip from Bloomberg titled, "U.S. Stocks Fall; Financials Drop to Lowest in Decade". Funny, just about a month ago I boldly publicly recommended shorting Wells Fargo and ORIX in my June 24th post.

My precition was again (as usual) correct. As of my July 15th POTW, WFC fell from over $26 to below $21 and IX fell from over $78 to below $67. Ouch? Not if you listened to Predatorix!
-Cyrus

July 8th, 2008
This Tuesday's Pick-of-the-Week is now up. It is an explanation of the current market/economic situation as well as one persons thoughts on what can be/needs to be done. The author happened to be familiar with me and my website, as there was a paragraph which discussed how my website played a role in educating the public.
-Cyrus

July 1st, 2008
Surprise! This week's Pick-of-the-Week is the incredibly amazing document Ive been talking about. It is a brief regarding Wells Fargo's negligence of oversight as trustee of the MLMI trust, also for failing to remove ORIX the wretched servicer after all of their REMIC violations and tax fraud. It very nicely sums up about 15% of what ive discussed on my website into a 37-page motion plus 170-pages of exhibits which include the MLMI's 1066 tax forms.

If your a Wells Fargo or ORIX shareholder, the shit is about to hit the fan because when the IRS gets their hands on this (as they have already announced that they have just begun investigating REMICs just a few months ago, see the NYT's "IRS Investigates REMICs"), it is going to be the centerpeice of the downfall of the largest ABS trustee [Wells Fargo]. Even if you dont understand it, pass the news around! This is undoubtedly a 5 sheepwolf POTW.

By the way, the two genius attorneys who wrote that brief are visitors of Predatorix, both of which I have actually met. Great job! *applaud*
-Cyrus

June 30th, 2008
Well, if anyone listened to me last Tuesday and shorted either WFC (Wells Fargo) and IX (ORIX) youve made a cool ~9% on both trades (WFC fell from over $26 to below $24 and IX fell from over $78 to below $72). As I posted the POTW late Tuesday night after the market close, your trade would have exceuted the following morning around the prices mentioned above.

Had you shorted WFC or IX even longer before (roughly a year ago when I mentioned it in one of my Magic Tricks papers, cant recall which one off the top of my head), you could have easily made 50% (WFC fell from over $36 to below $24 and IX fell from around $130 to nearly $60 within the past year) or considerably more had you purchased ATM puts. FWIW, my opinion is that they'll continue falling.

The funny thing is, I havent even posted the document I mentioned last Tuesday.. It will be interesting to see the impact on the market once the right people read it and understand it. I think I will post it sometime this week.
-Cyrus

June 24th, 2008
The Pick-of-the-Week for this week is now up. Its a News Clip from Bloomberg titled "Paulson & Co. Say Writedowns May Reach $1.3 Trillion". Its not a maybe, its a no doubt if you ask me. When you use MBS, it encompasses RMBS and CMBS (which has barely even referenced to by the news media). Currently, the news is only talking RMBS (residential) losses. Shoot, when CMBS (commercial) collapse it will easily break the $1 Trillion mark.

I have another document which I am anxious to post up. Its a brief filed in my hometown (Houston) against Wells Fargo and ORIX which incredibly easily flat out proves huge tax fraud by the MLMI trust which Wells Fargo is the trustee of. Big news is about to happen if the right people understand whats going on. Now (or months ago when I originally said to) is a good time to get ready to sell short or pick up some at-the-market puts on WFC (Wells Fargo) and IX (ORIX).*

* = Do your own due diligence before taking stock advice from a teenager with a website, regardless if his predictions have been 100% right so far, and regardless if hes been trading stocks since his early teens, and regardless if .. ok you get the point lol

**UPDATE** My precition was again (as usual) correct. As of my July 15th POTW, WFC fell from over $26 to below $21 and IX fell from over $78 to below $67. Ouch? Not if you listened to Predatorix!
-Cyrus

June 17th, 2008
This week's Pick-of-the-Week, which is a follow up from last week's POTW, is now up. Its the Student Finance Corporation Trustee's proof of *successful* objection against Wells Fargo's $466M claim. Charles A. Stanziale Jr. is the greatest, smartest, and most honest Bankruptcy Trustee I have ever heard of. 5 sheepwolfs for this POTW!
-Cyrus

June 12th, 2008
Sorry for the late POTW, ive had very limited computer/internet/battery access for the past several days. Anyways, the Pick-of-the-Week is now up. Its the Student Finance Corporation Trustee's objection against Wells Fargo's mult-hundred million dollar claim.
-Cyrus

June 3rd, 2008
As it is Tuesday again, I have updated the Pick-of-the-Week. Its a brief paper titled, "How to Expose a REMIC Trustee for Tax Fraud", great paper!
-Cyrus

June 2nd, 2008
Hmm, after all my research, it seems im the first person to note that a Servicer not seeking reimbursement for ALL advances is a prohibited contribution to a REMIC trust [see 860G (d)]. Just stating that for the record, will touch back on it in the near future.
-Cyrus

May 31st, 2008
I have uploaded the next 30 motions (motions 61-90) in the Wells Fargo and ORIX vs Wachovia case. I am planning some great papers to come.
-Cyrus

May 27th, 2008
I have added this week's Pick-of-the-Week. It is a very sad newsclip which was the cover story on the USA Today.
-Cyrus

May 24th, 2008
I have uploaded the next 30 motions (motions 31-60) in the Wells Fargo and ORIX vs Wachovia case.
-Cyrus

May 20th, 2008
The Pick-of-the-Week is up. Its the fulfillment of my prediction for Wells Fargo rejecting every shareholder proposal for 2008. It is also encompassed in the new Predatorix Was Right page.

Be sure to check out my newly revamped Predatorix Was Right section! When I originally made that section, my first prediction had come true. Since then, I have made 9 more, 5 of which have already come true bringing my prediction success rate to 6/10 with the remaining 4 predictions yet to be seen between Q3 '08 and Q2 '09.
-Cyrus

May 18th, 2008
I have added my latest paper, "Wells Fargo and ORIX Magic Tricks 8: Mortgage Servicing Litigation Kickback Scheme", as promised. It can also be found as a reference in the 5-13-08 POTW.

Sorry for the delay, I have been really busy during the past few days. Today was my college graduation, woo! I picked up my B.B.A. and they even announced that at 19 year of age I was the youngest graduate
-Cyrus

May 15th, 2008
I have begun adding motions in the Wells Fargo and ORIX vs. Wachovia case which was won by Wachovia (actually, Wachovia beat them twice). So far I have added about 30 out of about 350 motions total. It takes quite a bit of work to do so my goal is to add ~30 motions per week.

I will also add a supplemental paper to this Week's POTW regarding the kickback scheme in the next day or so.
-Cyrus

May 13th, 2008
This week's Pick-of-the-Week is up. It is the first attorney-to-servicer kickback contract exposed by a borrower against the servicer, Fidelity National Information Services Inc., as well as their class action lawsuit. I predict that Wells Fargo and/or ORIX will soon be busted for a similar attorney-to-servicer and attorney-to-trustee kickback scheme!
-Cyrus

May 6th, 2008
There are just so many things I would like to add to the site and so little time. I am one final exam away from my bachelors degree so once that is done I will have way more time to post on Predatorix.

Nonetheless, I present to you this week's Pick-of-the-Week. It is yet another AMAZING ruling by the Honorable Joel Rosenthal (federal bankruptcy judge) against Wells Fargo. Ruling-by-ruling, it is becoming more and more apparent that judges are no longer tolerating the "heavy handed tactics" and BS that wreckless REMIC trustees and ruthless servicers (like Wells Fargo and ORIX) have pulled in courts over the past years.

Not only did this judge rule against Wells Fargo $250,000, but he also sanctioned its servicer $250,000, and the law firms and attorneys that represented them another $100,000! At this rate, with all the new judgments against Wells Fargo, I may just start up a new section called "Justice Hall of Fame" or something , as I believe they need to be recognized for their fair and just rulings.
-Cyrus

April 29th, 2008
This Tuesday's Pick-of-the-Week is up. Its putting two pieces of a two piece puzzle together about whether or not ORIX paid prohibited income to the IRS. The first half is a Latter & Blum report showing they received $160,000 in prohibited income, the other half is a firm opinion (or whatever you want to call it) stating that such payments are prohibited income, as well as the REMIC code itself. I bet you ORIX hasnt paid the prohibited income to the IRS!
-Cyrus

April 22nd, 2008
I found one of Judge Elizabeth W. Magner's actual judgments against Wells Fargo and decided to make twin POTWs for this week. POTW 4-21-08A is the New York Times article by Gretchen Morgenson. POTW 4-21-08B is the judge's ruling against Wells Fargo in the Louisiana bankruptcy court.

I also took care of a messed up link.
-Cyrus

April 21st, 2008
I decided to post this week's Pick-of-the-Week a day early (I can do that you know, its my site after all ). It is a great article by Gretchen Morgenson. This one talks about how predatory servicers and trustees, in this case Wells Fargo, pile on exorbitant fees in order to engineer defaults and foreclosures against borrowers, as well as how courts are cracking down and disallowing the abuse of the legal system for extortion.
-Cyrus

April 15th, 2008
I have updated the Pick-of-the-Week. It is another amazing article. This one explains the case of a housewife who sued Wells Fargo on RICO (racketeering) and totally humiliated the Wells Fargo attorney in court. The article also discusses how the courts play along with the bank's extortion against American homeowners. Its becoming really obvious that some courts go as far as rubber stamping erroneous judgments based on false affidavits (thats no surprise if you recall Dot Peel's self-admittedly false affidavit)..
-Cyrus

April 9th, 2008
I have added four EXCELLENT News Clips that are a "must read"!

One regarding the executive branch (Bush) and legislative branch (House) "Jockeying Over Foreclosure Fix". It includes a very good quote from Barney Frank where he gives a warning to servicers. Who would have thought that the best fix would be by the judicial branch; courts kicking out servicers for not having valid claims and or true standing against borrowers?

"Why Foreclosure Numbers Matter" and "What Are Those Mortgage Servicers Doing?" are two articles written in Q2 '07, basically posing the question, "Why are Servicers so eager to engineer defaults and force borrowers into foreclosure?". The answer to that question was the SFE vs. Wells Fargo and ORIX lawsuit filed in Q1 '06 (see POTW 3-25-08 for more on the lawsuit).

The fourth article, "First Line of Foreclosure Defense - Are You Really The Plaintiff?" is letting borrowers know one of the best defenses against a Servicer, YOU DONT HAVE STANDING (take note of the Southern District and Northern District of Ohio who both dismissed Servicers' bogus claims)!
-Cyrus

April 8th, 2008
The Pick-of-the-Week for this Tuesday is now up. It is a news clip about Illinois joining the others who have sued Wells Fargo.

Lets see, Baltimore hates Wells Fargo, Cleveland hates Wells Fargo, and Illinois hates Wells Fargo. The FBI is investigating Wells Fargo and the IRS is investigating REMICs (Wells Fargo is trustee of ~90% of CMBS trusts) for tax fraud -- and these are just the few entities that come to mind that are after Wells Fargo for predatory lending, tax fraud, and other illegal acts.
-Cyrus

April 2nd, 2008
I have supplemented yesterday's Pick-of-the-Week and added some excellent news excerpts. Courts are cracking down on bogus/exorbitant litigation fees, false/erroneous affidavits, and the abuse of the banking system by predatory trustees and servicers! This is great news for all those being harassed by banks such as Wells Fargo and ORIX. Like I said earlier, in the coming months, things will only get worse for crooked banks.

See also Foreclosure Machine Thrives on Woes, it is a GREAT read. Itll only take about 5-10 minutes to read everything in the article and on that page and its well worth it! Definitely some of the best stuff on the Predatorix..
-Cyrus

April 1st, 2008
Its Tuesday which means the latest Pick-of-the-Week is now up. Its a brief memo regarding a provision being passed by Kansas bankruptcy courts protecting chapter 13 debtors. More and more judges are realizing how crooked Trustees and Servicers work in conjunction to extort money from borrowers and are trying to stop mortgage servicing fraud.
-Cyrus

March 29th, 2008
I have updated the Wells Fargo Proxies section to add the 2008 proxy. This proxy has confirmed my running prediction from 2006 that the Wells Fargo Board of Directors, headed by none other than Richard Kovacevich (the Toxic Bond King) himself, would reject every stockholder proposal again for the year.

I am also added a News Clip regarding the possible reinstatement of criminal charges against KPMG for tax fraud and the like.
-Cyrus

March 25th, 2008
I have updated the Pick-of-the-Week. Man, oh man, SFE was 110% right-on when it filed its complaint against Wells Fargo and ORIX in February of 2006. I was looking over it as well as some other news from well before the mortgage backed securities mess hit the fan in Q2 of 2007.. This was exactly what SFE was talking about. Therefore, I have chosen the complaint as the POTW, as well as some other news clips about the suit.
-Cyrus

March 20th, 2008
I forgot to add Tuesday's POTW news clips to the News Clips section. I have also added several other news clips! There is just soo much news out there regarding the current financial crisis in America..

You know, I was thinking, I would compare the government bailing out the banks through the huge 11-figure handouts (like the $30 billion dollar one right below) to the government giving Drexel Lambert (the company itself, not the investors) $XX,000,000,000 to make up for the losses from the junk bonds.. Not sure if anyone else remembered that or thought of it that way, but the similarities are so strong.
-Cyrus

March 18th, 2008
I have updated the Pick-of-the-Week. This one is a twin POTW with two newspaper articles. POTW A is an article from the front page of the USA Today website titled, "Is it a $30B bailout by the Fed or just a smart move?". POTW B is an article from the front page of the USA Today newspaper titled, "Poll: 3 in 4 See a Recession".

Funny, I get the USA Today and Wall Street Journal both in print. Everyday I wake up, check the papers, and immediately feel both pleased and disappointed at the same time -- pleased because I was right over a year ago when I called the multi-billion dollar losses, and disappointed because .. I was right about the multi-billion dollar losses, heh..

I just realized I forgot to mention that the website is also dedicated to American taxpayers because they are the ones "left holding the bill" as the government hands out billions to bailout the banks for their illegal acts. So let me revise what I said last time -- woe art investors, woe art borrowers, and woe art taxpayers!

On a much lighter note, check out this hilarious video from the Comedy Central website on Bush's attempt to comfort investors and Jim Cramer's advice to hold Bear Sterns days before it went from $60/share to $2/share.
-Cyrus

March 11th, 2008
I have updated the Pick-of-the-Week. It is a newspaper article from the front page of the USA Today Business section titled, "Record: 1 Million Homes in Foreclosure: Nearly 3 million behind on mortgages in 4th quarter". Woe art investors. Woe art borrowers.

Funny, while borrowers and investors are losing everything, the loan servicers (SERVICERS!) are pretending to be the victims. Can you believe it?!

Shoot, thats a good topic for my next paper. To get a head start, check out msfraud.org (mortgage servicing fraud). More people need to wake up and realize whats going on!
-Cyrus

March 4th, 2008
Check out this week's Pick-of-the-Week. It is the 7th paper in the "Wells Fargo and ORIX Magic Tricks" series, this one being the "Conversion of Taxable Interest to Tax Free Fees".
-Cyrus

February 26th, 2008
The latest Pick-of-the-Week is now up. It is a ruling by the Second Circuit Court of Appeals reversing and remanding several of Wells Fargo's cases (sorry about the delay, I was attending depositions all day).
-Cyrus

February 19th, 2008
I have updated the Pick-of-the-Week. It is the first paper in a new series I will be writing called "How To Beat A Predatory Servicer", the first one being "How To Beat A Predatory Servicer: Part 1".
-Cyrus

February 18th, 2008
Check out the new search box I added on the top of the page! Or, right below:

As there is a plethora of content on Predatorix, I am sure the website will now be a much more effective tool in helping people educate themselves on certain topics (ie. REMIC, MSRs, Kovacevich, etc) but dont know where to begin.

Also, for example, if you remember a phrase I used but cannot remember which page it was from (happens to me all the time), just type in the phrase with quotations, such as "prohibited income", "appraisal reduction", or "the secret partnership", and it will find it! Enjoy!
-Cyrus

February 13th, 2008
Woot, you guys know what today is? Predatorix's TWO YEAR anniversary!

So many big things have happened since I first started:

• MBS have gone from being "solid investments" to "toxic waste"
• FBI has begun investigating banks, including Wells Fargo
• IRS has begun investigating REMIC trusts for tax fraud
• Numerous cities have filed suit against Wells Fargo for illegal acts
• Losses (which I predicted years ago) are in the hundreds of billions
• Numerous Federal and State Supreme courts have caught on to Wells Fargo's extortion/litigation racket and ruled against them

February 12th, 2008
I have updated the Pick-of-the-Week. It is the *drumroll* SIXTH paper in the Wells Fargo and ORIX's Magic Tricks series, this one being, "Wells Fargo and ORIX’s Magic Tricks 6: Growing Escrow Reserves". Brief paper -- great read.
-Cyrus

February 5th, 2008
The Pick-of-the-Week for this week is now up. Its the fifth paper in the Wells Fargo and ORIX's Magic Tricks series, aptly titled, "Wells Fargo and ORIX’s Magic Tricks 5: Serial to Multiple Parallel Recoveries". Its fairly similar to the previous one, Kovacevich's Moonwalk, in that it discusses the multiple recoveries by banks, except that it is moreso done in a parallel fashion rather than the proper serial fashion.

Also, there is a special (highlighted) part in there for the IRS (as they are investigating these REMICs) which I am sure they will find interesting!
-Cyrus

January 31st, 2008
I revised my Pick-of-the-Week paper to include a brief conclusion.

Also, I have added three news clips from three different sources (CNN money, USA Today, and Reuters) regarding the same event, the FBI cracking down on 14 firms for subprime fraud. Looks like the government is starting to get involved. A few years late, eh (scroll to the first post dated 2-13-06)? Better late than never I guess :-)
-Cyrus

January 29th, 2008
I have updated the Pick-of-the-Week. Its a brief paper I pulled together regarding recent federal court rulings against Wells Fargo. Looks like the gig is up!

Also, I have added a interesting (and humorous) news article titled, "Companies Need CEOs To Stop Spinning" with some quotes from Richard Kovacevich spinning Wells Fargo's involvement (or as he puts it, avoidance) in predatory/subprime lending, despite the fact that they are the #1 largest subprime lender (USA Today, BankNet, etc)! There is no better example of the fact that CEOs need to stop spinning, than Kovacevich's presence this article, hahaha..
-Cyrus

January 24th, 2008
I added a paper titled, "An Investor's Guide To B-Peices". It can be found under the *new* Miscellaneous Studies section. I have also updated the Distribution Reports and added 2007 for MLMI 1999 C-1
-Cyrus

January 22nd, 2008
I have updated the Pick-of-the-Week. Its just the stock quote for Wells Fargo (WFC). Funny, every year Richard Kovacevich brags about "double digit returns" -- not this year, LOL!
-Cyrus

January 16th, 2008
Ive added the actual Cleveland vs. Wells Fargo complaint under yesterday's POTW. I have also added a news clip, "Cleveland Sues Wells Fargo", where they compare what Wells Fargo has done to "ORGANIZED CRIME" *cough RICO cough* and drug dealing.

I have also confirmed that the people behind the Lee Hall loan and the Arlington loan are working with the City of Baltimore. As they also know pretty much everything about Wells Fargo's MBS scam, I am sure they have a lot to contribute..
-Cyrus

January 15th, 2008
This week's Pick-of-the-Week is now up. Its a yet another lawsuit filed by a city against Wells Fargo for illegal acts and predatory lending.
-Cyrus

January 13th, 2008
Predatorix welcomes the City of Baltimore and Mr. George Nilson to the government group of its supporters. Predatorix looks forward to keeping all borrowers, investors and government groups well informed on the progress of this case against Wells Fargo.
-Cyrus

January 10th, 2008
Ive updated yesterday's Lou Dobbs 1-9-08 - Baltimore Sues Wells Fargo For Predatory Lending article to include the actual complaint.

From here on, itll only get worse and worse for Wells Fargo as more and more people wake up and begin to realize they are a bunch of crooks!
-Cyrus

January 9th, 2008
Who watched Lou Dobbs tonight? If you missed it, no biggie. I found the transcript on the CNN website. Check out Lou Dobbs 1-9-08 - Baltimore Sues Wells Fargo For Predatory Lending.
-Cyrus

January 8th, 2008
This week's Pick-of-the-Week is now up. Its a ruling by the Supreme Court of Virginia regarding the Lee Hall loan.
-Cyrus

January 1st, 2008
Wow, so its 2008 already.. The first Pick-of-the-Week of the year is up! Its a list of various securities (ABS, MBS, CDO, CMBS, RMBS, etc) under Wells Fargo's management.
-Cyrus

December 25th, 2007
Merry Christmas! My gift to all of the visitors of the site as Pick-of-the-Week is a paper I just finished titled, "Wells Fargo and ORIX Magic Tricks 4 - Kovacevich's MBS Litigation Moonwalk", which is the fourth paper in the "Wells Fargo and ORIX Magic Tricks" series. Enjoy!
-Cyrus

December 18th, 2007
I have updated the Pick-of-the-Week. It is a newspaper clip titled, "Foreclosure Proceedings Set Record". Funny, on one hand, we have investors losing billions of dollars. On the other hand, we have millions of Americans losing their homes. And in the middle are bankers like Richard Kovacevich who have walked away with billions of dollars.
-Cyrus

December 11th, 2007
The Pick-of-the-Week is up. It is a ruling by a judge in a court in the Southern District of Ohio against Wells Fargo. In the ruling, the judge also seconds what a judge in the Northern District Court of Ohio ruled regarding the same issue.
-Cyrus

December 10th, 2007
I was just thinking.. Nothing tells the IRS "come after me" when they announce an investigation on REMICs like Wells Fargo stating that they are the "nation's #1 retail mortgage originator", year after year (WF Annual Report), lol..
-Cyrus

December 8th, 2007
My latest paper, "IRS Investigates REMICs - Oh noes!" is complete! Its another brief paper I pulled together using some charts following Wells Fargo and ORIX's stock (ticker WFC and IX). Notice how both companies shares fell 20% and 30%, respectively, following the IRS' announcement. You can also find it on the Predatorix Studies page as well as the Miscellaneous section.

BTW, I have a feeling its going to drop much more than that..
-Cyrus

December 7th, 2007
Im 80% done with my paper, check back tomorrow.
-Cyrus

December 6th, 2007
Wells Fargo and ORIX are screwed!

Sorry, had to let it out.. When I woke up this morning, the first thing that poped into my head was the New York Times article I read a while back that announced that the IRS is investigating REMIC trusts. I came straight to my computer (pajamas and all) and began putting it up. Im not sure why I held for so long, but anyways, its great news (unless your Richard Kovacevich, Yoshihiko Miyauchi, or any of the others who were behind the illegal acts).

After nearly 2 YEARS of ranting and raving about Wells Fargo and ORIX's tax fraud and plethora of other illegal acts, composing hundreds of papers, powerpoints, videos, and POTWs, something is finally being done.. I guess my 7-3-07 and 8-7-07 "Notice to the IRS" POTWs really hit home

I gotta go take a final exam, but im writing another paper which ill put up later tomorrow night or so.
-Cyrus

December 4th, 2007
The Pick-of-the-Week is now up. It is a paper that once and (hopefully) for all sums up a very important issue regarding yet another multiple recovery case involving Wells Fargo and ORIX, in one page (plus exhibits)!
-Cyrus

November 28th, 2007
Sorry about the delay, the Pick-of-the-Week is up (I got my school papers out of the way)! I have talked about the $19M MLMI settlement fairly extensively throughout the site and it has been the topic, or at least a component of, several POTWs to date. This POTW is about the not-so-famous $9M PMAC settlement, which was pocketed by ORIX.
-Cyrus

November 27th, 2007
Ive got a ton of papers to write for school (three due tomorrow) and catching up to do for my final exams (starting next week). I hate to do this, but the POTW will be delayed till tomorrow. Not to worry, I have everything planned :-)

As a consolation for the delay, I found this interesting article about more investors losses. The toll is now in the hundreds of billions and the execs are running for the door! Unlike Kovacevich who got out early, these peeps are just now getting out. Isnt it obvious whats going on?

Oh, by the way, I just wanted to put out the prediction that the damages caused to investors will exceed $1 trillion. 90% of the CMBS damages will be in the trusts formed by Wells Fargo *cough Kovacevich, Schwartz, and Aini cough*.
-Cyrus

November 20th, 2007
I have updated the Pick-of-the-Week. Its a follow up of a previous POTW about ORIX Japan's management.
-Cyrus

November 17th, 2007
Ive made a new Predatorix Study called "Predatorix was right!", in response to my early *documented and published* prediction of the mortgage failures and the multi-billion dollar losses to be borne by investors. Who is to blame? Predatorix says Richard Kovacevich, the ex-President and CEO who quit Wells Fargo in June, just as the mess began hitting the fan! Smart man, he learned from Milken's mistake!
-Cyrus

November 14th, 2007
Ive revised the "Chronicles of the Nonexistent Secret Partnership" as I had to do with the "Litigation Pipeline" and "Judgment Pipeline" (together, dubbed the "Extortion Pipelines"), as requested by Wells Fargo, and added a page from "Den of Thieves" regarding Michael Milken's use of partnerships to motivate employees.

Im guessing Wells Fargo is not familiar with the "Streisand Effect"
-Cyrus

November 13th, 2007
I almost forgot today was Tuesday, hah.. I pulled together this Pick-of-the-Week regarding ORIX's illegal employee partnership.
-Cyrus

November 6th, 2007
Today's Pick-of-the-Week is up. It is a email I received from a visitor of the site. This is another POTW that shows the damage caused by Wells Fargo's extortion racket on American homeowners.
-Cyrus

October 30th, 2007
The Pick-of-the-Week is now up. It is a very good article regarding the $19M settlement payment from UBS to Wells Fargo and ORIX.
-Cyrus

October 23rd, 2007
I have updated the Pick-of-the-Week. This one may not have much meaning to the average reader, but it has one.. Ive got something planned for one of the following POTWs which will follow up on this one.
-Cyrus

October 17th, 2007
I have updated yesterday's POTW and added a few things!
-Cyrus

October 16th, 2007
The latest Pick-of-the-Week is now up. It may not be as entertaining as Dot Peel's lies in the previous POTW, but it is very important for borrowers and others to understand. It is the third paper in a series called the "Wells Fargo and ORIX Magic Tricks", this one being the Fabricating Defaults trick. Sorry about the late post, next time I will try posting it in the morning, rather than late night :-/

Also, the YouTube Predatorix website was just ranked #70 "Most Viewed" Guru on YouTube for the entire week!
-Cyrus

October 11th, 2007
I just finished pulling together the "Dot Peel, A Liar For Hire #2" video which is a follow-up video from this week's POTW. Unfortunately, based on this obvious (and self admittedly) false affidavit, Wells Fargo and ORIX got an ex-parte judgment against the owners of the apartment complex relating to the affidavit.

This false affidavit ultimately led to a fraudulent judgment for DOUBLE the original loan amount against the borrower, AND Wells Fargo and ORIX stealing the apartment complex, AND Wells Fargo and ORIX suing the depositor for the original loan amount. The same thing happened to the borrower behind the Lee Hall Loan. Thanks to the information on Predatorix, the Virginia State Supreme Court slammed Wells Fargo and ORIX on the multiple recovery issue.

The borrower is still fighting today, over 5 years later, to undo the damage caused by all of Wells Fargo and ORIX's lies and false affidavits, including this one. This video is dedicated to them.
-Cyrus

October 9th, 2007
I have been working on the POTW since I got home from school. Sorry its taking so long, im watching another deposition video with a lotta lies, haah =P

*update* The Pick-of-the-Week is up. This video will serve as an introduction to Dot Peel's false affidavit.
-Cyrus

October 5th, 2007
The YouTube Predatorix website was just ranked #54 "Most Viewed Guru" on YouTube! Note, the rank constantly fluctuates throughout the day and resets every night.
-Cyrus

October 2nd, 2007
The Pick-of-the-Week is now up! It is a video where Brian Smith, Wells Fargo VP, the man behind the False Affidavit, proves Wells Fargo and ORIX repeatedly breached the PSA. I have titled the video, "Wells Fargo, the Sleepy, Shitty Trustee" (read to see why). It can also be found on the YouTube Predatorix website.

This is definitely one of my favorite POTWs yet.
-Cyrus

September 30th, 2007
Sometime this morning, the YouTube Predatorix website videos, collectively, broke 100,000 views (and the page isnt even 2 months old)!
-Cyrus

September 28th, 2007
If anyone knows a really good Qui Tam attorney, please let me know @ (281) 973-4796 or just type in your name and number in the box below and it will automatically connect our call.

September 25th, 2007
I have updated the Pick-of-the-Week which is a case where Park Avenue Associates, like Bentley Forbes and Childress Klein, as well as hundreds of other real estate developers, were originally targeted by Wells Fargo and ORIX for routine equity stripping which ended up backfiring.

After losing the initial case, ORIX tried to appeal. The appeals court again rejected their bogus claims. But who was the real loser? Wells Fargo and ORIX? or the Mortgage Backed Securities (MBS) Trusts that end up paying the bill?
-Cyrus

September 18th, 2007
This week's Pick-of-the-Week is now up. It is a brief paper titled, "The Truth behind the Allocation of the UBS Settlement Proceeds". Thanks to the 'fair and just' ruling of the Virginia State Supreme Court, it has now been declared by a court that Wells Fargo and ORIX were pursuing multiple recoveries against the borrowers behind the Lee Hall loan. It is only a matter of time before everyone else realizes :-)

This time Wells Fargo and ORIX got caught with their hands in the cookie jar! Greedy crooks, they never know when to stop..
-Cyrus

September 15th, 2007
BREAKING NEWS: The Virginia State Supreme Court has slammed Wells Fargo and ORIX on the multiple recovery issue in favor of the borrowers!

On a side note, I was looking through the "Just Pay" article from the Economist and saw ORIX's CEO, James Thompson (you know, Captain J), proudly declared "We have an obligation to certificateholders" (true). In the 9-11-07 POTW you will find Henry Bomar saying the same "fiduciary responsibility to noteholders" (also true), and a Wells Fargo and ORIX motion to a Dallas Court, flat out claiming "No Fiduciary Duty" (LIE!).

By the way, plenty of other Wells Fargo and ORIX execs testified "no fiduciary duty" in recent cases. Funny, not too long ago they were saying the complete opposite. I dont think it gets any more clear that Wells Fargo and ORIX executives (and their lawyers) are compulsive liars.
-Cyrus

September 13th, 2007
I was looking through Henry Bomar's deposition transcript (which was a component of the 9-11-07 POTW) for the "Fiduciary Duty" quote when I noticed that he affirmed their Fiduciary Duty twice! It almost blew my mind! Then again, by now im used to hearing/seeing Wells Fargo and ORIX lies so to me it was "just another" lie, haha..

*note, the lie I am referring to was not him affirming their Fiduciary Duty (which is correct), but rather the fact that this is the second truthful affirmation that contradicts Wells Fargo and ORIX's desperate "no Fiduciary Duty" claims to courts in recent cases, as they will say whatever it takes to not get caught (they repeatedly tell one lie to cover another), even if it flat out contradicts what the same people have testified previously.

I made the clip into another video titled "Wells Fargo and ORIX Flat Out Lie To A Judge #2". It can be found on the YouTube Predatorix website or Videos section.
-Cyrus

September 11th, 2007
I have updated the Pick-of-the-Week. In past cases, Wells Fargo and ORIX have admitted that they DO owe a "Fiducary Duty" to investors (which is the truth). However, in a desperate attempt to escape recent cases, Wells Fargo and ORIX are now saying the complete opposite -- that they do NOT owe a "Fiduciary Duty" to investors.

Out of respect, I was also holding out on upping the "Bankruptcy Trustee For Hire" video to the YouTube Predatorix website, but I changed my mind.
-Cyrus

September 9th, 2007
I am working on a new portion of the website called "The Best of Predatorix" for those who are new to Predatorix and would like to know what the site is about (without having to read a bajillion documents, lol).
-Cyrus

September 4th, 2007
I am currently working on the POTW. Here is a preview for now. The referred letter contains so many lies Ill have to stay up late in order to note a sufficient number of them, haha Check back in the morning, it will be up by then for sure. Good night!

*update* It is almost 9PM. I have been working on this since I got home from school (6PM) and I am only on page 4, haah! I wish Amy Natasha Slivocka (aka Amy N. Howell) lied less because I could have finished this quicker =P So much for studying/homework :-(

*update* It is 11:45PM and I am sick of reading this BS. It was entertaining at first but now its just a kill, therefore, I am putting it up "as is". I will add more if/when my appetite returns.

The 9-5-07 Pick-of-the-Week.
-Cyrus

August 28th, 2007
I have updated the Pick-of-the-Week. It is a brief paper titled, "The Good, The Bad, The Ugly, and the Stupid of Asset Backed Securities". Everyone already knows the "Who's" in the ABS/MBS markets, though, not many know "Who's Who".

I have also added two videos to the YouTube Predatorix website, "Wells Fargo Sues and Illegally Serves Minors" and "Wells Fargo Stalks Teenagers", both referring to the harassment tactics which were implemented on my 14 year old brother and I. These are the same extortion methods which were talked about in the Houston Press article.
-Cyrus

August 21st, 2007
I have updated the Pick-of-the-Week. It is a brief video where Chuck Crouch of ORIX explains how they violated the Servicing Standard and PSA Section 3.01 by having two divisions to service loans; one division for which they do have a ownership interest, and another division for which they do not have an ownership interest.

It can also be found on the YouTube Predatorix website.
-Cyrus

August 19th, 2007
I have added some Audio Clips and News Clips from two NPR Segments titled, "U.S. Mortgage Market Woes Spread To Europe" and "Toxic Mortgage Backed Securities Failures". NPR also refers to the Mortgage Backed Securities as "Toxic Bonds"!

Everyone is getting closer and closer to realizing whats going on. Its funny how just as investors and the government started to smell where the Mortgage Backed Securities stink was coming from, Kovacevich resigned as President and CEO of Wells Fargo! Its like a murder suspect fleeing the crime scene.

I forgot to mention that I also added several new videos on the YouTube Predatorix website, noteably a video of James Thompson (aka Captain J) of ORIX lying about his extortion threats to Brian Harris of UBS.
-Cyrus

August 14th, 2007
I have completed one of my greatest papers ever, "The Toxic Bond King: Richard Kovacevich". I have chosen this paper to be the Pick-of-the-Week. It is about how Richard Kovacevich and the Board of Directors of Wells Fargo disregarded (actually, flat out rejected) numerous shareholder proposals since 2002, heeding the company to stop the subprime and predatory lending which have damaged the United States bond market as well as other countries around the world.

Speaking of which, I have added a News Clip of a segment from NPR Radio titled, "US Mortgage Market Woes Spread To Europe". This segment is about the impact of subprime Mortgage Backed Securities or, "Toxic Bonds", on the European market.
-Cyrus

August 10th, 2007
I am almost done with my new paper, "The Toxic Bond King: Richard Kovacevich".

I have added a News Clip from the New York Times where they note that Kovacevich resigned from Wells Fargo a-year-and-half earlier than expected , just as the subprime mortgage market began to crash. Astonishingly, not one news source besides Predatorix (not Bloomberg, not CNN, not the Wall Street Journal -- no one) has ever answered the most important question; Who is to blame for the subprime failures? Richard Kovacevich!
-Cyrus

August 8th, 2007
YouTube users unite! I have created a YouTube page, www.youtube.com/cyruspredatorix, where I will host my videos. Please subscribe to my page if you would like to support Predatorix. Feel free to check out some vids while you're there :-)

Now it will be much easier to watch the POTW videos, as they will be streaming directly on the page! I will be adding the rest of my videos tomorrow.
-Cyrus

August 7th, 2007
I have updated the Pick-of-the-Week. It is the deposition video of John Moss, the ex-CEO of ORIX, where he explains in "Tax Evasion 101" how Wells Fargo and ORIX have blatantly violated one of the most integral rules for REMIC trusts and evaded taxation on hundreds of millions of dollars of income -- or are they reserves? lol.. This POTW is in the form of a video notice to the IRS like the 7-3-07 POTW.

If the IRS thinks this is fine, then everyone can consider their paychecks as a reserve (not income) for the "future losses" expected upon retirement, yippee! But, what if there is no retirement (future losses)?

This one is a field day for the IRS. As I have just recently posted something for the USDOJ, ill have something for the SEC next
-Cyrus

August 3rd, 2007
It seems Richard Kovacevich learned from Michael Milken's mistake and left Wells Fargo before the mess hit the fan. I have added the "Richard Kovacevich Exits Wells Fargo" article from the from the USA Today in the News Clips section. I have also linked several of my favorite papers relating to MSRs and such on the same page as well.

I predicted the exit long before and have reiterated his plans to leave numerous times (notably in the July 10th and March 18th posts)! I was curious whether or not the government would get him before he got away but I guess he made it out..

On the brightside, I think it will be pretty humorous when John Stumpf gets stuck holding the bag for Richard Kovacevich's actions after Kovacevich has already cashed out.
-Cyrus

July 31st, 2007
Today I have uploaded the 7-31-07 POTW. Its a hilarious clip from James Thompson's deposition where he attempts to justify the infamous "Jack still owes me the phone number of some babe he lined up for me" quote (from the 2-21-06 POTW).

Out of the utmost respect for Judge Stickney, the Magistrate Judge from of the Northern District of Texas, I have decided to remove the recently posted "Judgment Pipeline" and "Litigation Pipeline" which were both posted as last week's POTW.
-Cyrus

July 28th, 2007
I have decided to modify the 7-24-07 POTW. I figured since the "Litigation Pipeline" is kin to the "Judgment Pipeline", it is only fair for it to receive POTW designation as well. I also wrote another paper titled, "ORIX's Extortion Pipeline 2: Litigation". However, rather than saving it for next Tuesday (I've got something else planned) I will simply make this the '7-24-07 B' POTW and make the other the 'A' version.

Cliffs: We now have a "7-24-07 B" POTW.
-Cyrus

July 24th, 2007
I have updated the Pick-of-the-Week. It is a follow-up of the previous POTW. I have gotten my hands on an internal report of ORIX which is called the "Judgment Pipeline".

This report shows a systematic extortion racket whereby Wells Fargo and its servicers, in this case one of ORIX's divisions (ORIX Financial Services), use loan documents to engineer and fabricate technical defaults to obtain fraudulent judgments far in excess of the original loan obligation, thus, bankrupting borrowers and stripping them (and their families) of equity. I also have their "Litigation Pipeline" which I may post later. I would analogize the two pipeline reports to the diary of a murderer.

This could be a field day for the USDOJ!
-Cyrus

July 20th, 2007
I have a funny little treat for everyone.. I was driving to school the other day and I saw this Wells Fargo Billboard on the side of the highway.
-Cyrus

July 17th, 2007
I have updated the Pick-of-the-Week. It is ORIX Japan's Board of Directors and Corporate Executive Officers, the people who began the servicing end of the racket. These are the people who make money every time they foreclose on a borrowers. Next week I will show how they make hundreds of millions of dollars, every month, from judgments and foreclosures.
-Cyrus

July 10th, 2007
For those who just cant get enough Predatorix, I am pleased to announce the launch of my next website project, MostCrooked.com. I am also considering a few others.

Is that a wicked logo or what?

These future sites will be more 'stationary', in that each site will remain that way once completed (unless I change my mind). Predatorix will continue to be updated frequently and continuously until its purpose has been served.

Oh yes, I almost forgot, today is Tuesday which means its time for the Pick-of-the-Week! This week I have chosen Richard Kovacevich's exit strategy. It appears he is tip-toeing his way out the back door, and giving up his titles one-by-one.

**UPDATE** See the August 3rd, 2007 post, Richard Kovacevich Exited Wells Fargo without getting caught. What a travesty.
-Cyrus

July 5th, 2007
BTW, if you are unfamiliar with the joke in the second paragraph of the post below (which happens to be a true story), please refer to the 6-19-07 POTW.
-Cyrus

July 3rd, 2007
Its Tuesday again which means that the Pick-of-the-Week has been updated :-) This week I have written an open letter to the Internal Revenue Service telling them where they can collect hundreds of millions of dollars from backtaxes.

I don't know about you, but if it was me, id go after that money like Wells Fargo chasing the guarantor of a judgment, on a liquidated REMIC trust loan, in a foreign country, using a false proof of claim
-Cyrus

June 28th, 2007
I decided to hold off on the thing I was planning to upload today. Not to leave everyone hanging, I have uploaded two other files. One is a Senate Committee hearing on Enron, the other is an excellent paper by John C. Murray titled, "Lender Liability Issues in Securitized Mortgaged Loans". Everyone is starting to understand that there is a difference between a lender and a servicer, as well as what crooked servicers like ORIX have been doing. Both documents can be found on the Miscellaneous Documents section.

If you have not seen this week's POTW yet, take a look. It is definitely one of the best ones to date.
-Cyrus

June 26th, 2007
I have updated the Pick-of-the-Week. It is a 685 page PDF which I have compiled from all of the complaints regarding Wells Fargo on greggman.com. This POTW is an update on the status of the predatory practices of Wells Fargo. As you can see, it is still going strong. Here is 685 pages full of desperate victims crying out for justice.

I have something really good coming up this week. I will probably put it up Thursday or so.
-Cyrus

June 19th, 2007
I have added the latest Pick-of-the-Week. It is a brief paper I wrote titled, "The Godfather's Racket Goes International" which simply explains a few of the illegal acts performed by Wells Fargo involving one of the loans in one CMBS trust.
-Cyrus

June 12th, 2007
I have updated the Pick-of-the-Week. It is another paper I wrote titled, "Wells Fargo's Privacy Law Violations". This is a brief paper regarding what Wells Fargo and ORIX do to those who don't"Just Pay".
-Cyrus

June 7th, 2007
I have decided I would prefer to use Instant Messaging as the primary form of communication with the visitors of this website. I use most Instant Messaging programs so feel free to IM me on either screenname below;

AIM: CyrusPredatorix
MSN: CyrusPredatorix@hotmail.com
Yahoo: CyrusPredatorix
-Cyrus

June 5th, 2007
I have the Pick-of-the-Week. It is a clear demonstration that Wells Fargo and ORIX prefer illegal alternatives to proper legal routes in the various instances of litigation that they pursue on behalf of the trusts they manage.
-Cyrus

May 28th, 2007
I have decided to upload this week's Pick-of-the-Week a day early. I liked it so much I couldn't wait to post it tomorrow heh.. It is a lab study I found involving monkeys that strongly resembles the way Wells Fargo pays its agents. Its pretty funny, check it out.
-Cyrus

May 22nd, 2007
The new Pick-of-the-Week is now up. It is the prospectus of a $500M CDO issuance by KeyBank. How secure is it really?
-Cyrus

May 17th, 2007
I have added two new News Clips.

The first one is an article from the New York Times titled, "A Warning on Risk in Commercial Mortgages" which was distributed and discussed in an ALI-ABA conference I went to a few weeks ago in Chicago. The seminars were very informative and had highly knowledgeable panels.

The second article is a transcript of Ben Bernanke's last speech titled, "Regulation and Financial Innovation" with a few notations on things to consider which I have included myself. The notated article can also be found through the Predatorix Studies section.

Now everyone is starting to realize somethings up -- it is time for everyone to become aware of Wells Fargo's scam!
-Cyrus

May 15th, 2007
I have updated the Pick-of-the-Week. It is basically yesterday's borrower's case with some stuff added. This is another case where the court rejected Wells Fargo and ORIX's extortion attempts.

The more I think about it, the more I realize that it is similar to the Wehba and Bentley Forbes case which was the 2-13-07 POTW.

This case just gave me the idea for my next paper which should be complete in a week or two.
-Cyrus

May 14th, 2007
School is officially over, yay! Now that school is over, I will be updating the website much more often.

Anyways, it is time for me to 'workout the finger' (as Craig Malisow of the Houston Press puts it) and 'stick it to the man' (as most of the digg.com members put it).

I have updated the First Union Plaza (999 Peachtree) case in the Borrower's Cases section of the site. The appeal court rejected Wells Fargo and ORIX's extortion/harassment attempt and made several other breakthroughs. Good job!
-Cyrus

May 8th, 2007
I have uploaded the latest Pick-of-the-Week. It is a PowerPoint titled, "Legend of the Three Headed CMBS Dragon" regarding the MSAT securitization. It was actually written by others, I just threw in a few minor changes.
-Cyrus

May 4th, 2007
If you are a new visitor to the site, I have listed below for you my favorite Pick-of-the-Weeks.

3/14/2006
5/9/2006
5/30/2006
6/20/2006
9/26/2006
10/31/2006
12/5/2006
1/2/2007
1/16/2007
2/6/2007
3/13/2007
3/27/2007

See also SFE vs. Wells Fargo, ORIX, et al.
-Cyrus

May 1st, 2007
I have uploaded the latest Pick-of-the-Week. I have gotten my hands on several of the handouts from the Wells Fargo Annual Shareholder Meeting which took place April 24th, take a look.
-Cyrus

April 27th, 2007
I have added another Predatorix Study titled, "Looted Trusts: Alphabet Soup" which is really more like a POTW than it is a study -- but I've got something else planned for Tuesday's POTW.
-Cyrus

April 24th, 2007
I have updated the Pick-of-the-Week. It is a terrific expert opinion about Wells Fargo and ORIX's illegal business practices by Professor Anthony Sanders from Ohio State University (go Buckeyes!).
-Cyrus

April 19th, 2007
I have redone the Cases section. They are now sorted by cases involving Borrowers, Depositors, and Others -- all of which include Wells Fargo and/or ORIX.

I will be working on adding more cases. I am currently planning my next paper which will be up in a week or so.
-Cyrus

April 17th, 2007
The latest Pick-of-the-Week is now up. It is a presentation in PDF form from 2001 regarding Mortgage Servicing Rights valuation.
-Cyrus

April 12th, 2007
I have updated the "Chronicles of the Nonexistent Secret Partnership" page to include a divorce file of one of the ORIX partnership members. The document is called, "John Dinan's Divorce Order Regarding Partnership Interest".

Yes, this is the same partnership (ORIX Capital Markets Operating L.P) whose existence was denied by ORIX. Furthermore, John Dinan is the same guy who testified on the stand in the Dallas Federal Court on September 26th, 2006 during the Predatorix injunction hearing that "There are no partnerships within ORIX at all, period"!
-Cyrus

April 10th, 2007
I predicted many months ago that Wells Fargo would reject every stockholder proposal again this year and was right! See my prediction come true in this week's Pick-of-the-Week!
-Cyrus

April 3rd, 2007
I have updated the Pick-of-the-Week. Wells Fargo's board has approved buyback of $2.6 billion worth of stock (75 million shares).

This validates what a concerned stockholder forecasted a year ago in a letter which was POTW 5-9-06, see point 2!
-Cyrus

March 29th, 2007
I have added a news article from the Houston Press about my website and I in a 4 page featured article titled, "Watching You: UH Student Takes On Wells Fargo and ORIX".
-Cyrus

March 27th, 2007
I have updated the Pick-of-the-Week. Remember how one of ORIX's attorneys (Beth Jaynes) tried to make it look like Wells Fargo didn't have to file the SEC forms for the Trusts because they filed the 15-15d "Suspension of Duty to File"? It turns out what they did was so much more wrong than I had originally thought, check it out.
-Cyrus

March 20th, 2007
I have updated the Pick-of-the-Week. The POTW is a brief three page paper I wrote titled, "Mortgage Servicing Rights Exposed 2", which is the continuation from the original "Mortgage Servicing Rights Exposed".
-Cyrus

March 18th, 2007
I have added a News Clip titled, "Wells Fargo CEO Reaps Big Payday". It is a news article regarding how Richard Kovacevich is trying to cash out of Wells Fargo and resign by next year. I predicted long ago that Kovacevich would learn from Milken's mistakes and try to get out before he got caught. The question is: will he make it?

**UPDATE** See the August 3rd, 2007 post, Richard Kovacevich Exited Wells Fargo without getting caught. What a travesty.

I have also fixed the link to the 3-13-07 POTW on the Multimedia section.
-Cyrus

March 17th, 2007
I have added Wells Fargo's 2006 Annual Report under the Annual Reports section.

Now that I have the 2006 Annual Report, I will be working on the second "Mortgage Servicing Rights Exposed" paper, which will be accordingly titled, "Mortgage Servicing Rights Exposed 2".
-Cyrus

March 13th, 2007
Sorry I haven't updated the site as frequently as I normally do -- its Spring Break so I have been trying to relax. However, I did manage to pull together this week's Pick-of-the-Week.

This POTW is the judges Opinion and Order in Wells Fargo and ORIX vs Love Funding. It was a humiliating defeat for Wells Fargo and ORIX, both of whom were both found to have committed Champerty (a disastrous branding for any financial institution), or Barratry, on behalf of the MLMI 1999-C1 Trust whose name was also besmirched.
-Cyrus

March 6th, 2007
It is Tuesday again -- time for the Pick-of-the-Week! This week I have posted Maureen McGrath's heartfelt testimony before Congress regarding the predatory lending and predatory business practices in residential mortgages. Wells Fargo and ORIX thrive on such practices.
-Cyrus

March 4th, 2007
I have just completed a brief three page paper titled, "Mortgage Servicing Rights Exposed", which explains how Richard Kovacevich is going out of control booking MSRs. Its an awesome paper -- not just because I wrote it, haah, but also because it covers pretty much everything there is to know about MSRs and is yet simple enough for anyone to understand.

It can also be found in the Miscellaneous documents section.
-Cyrus

March 2nd , 2007
I have added two News Clips.

The first article is titled, "18-yr old kid is scaring the pants off Wells Fargo", which is digg.com's article on Predatorix.

The second article is titled, "Homeowners face crisis from predatory lending: Dodd", which is MarketWatch's article about Senator Christopher Dodd's speech. The speech regarding the danger of predatory lending and subprime lending was addressed to the Senate Banking Committee, which he is the chairman of.
-Cyrus

February 27th, 2007
Its Tuesday again which means its time for the Pick-of-the-Week! This week I have selected a chronological compilation of the history of one CMBS (MLMI 1999-C1) borrower's treatment by Wells Fargo and ORIX.
-Cyrus

February 25th, 2007
Hello and welcome fellow Diggers!

Sorry everyone, my site hit the front page of digg.com and for the first time the site exceeded 600,000 hits in a day which caused the site to go down for about an hour. Thankfully the host upgraded my site to the top hosting package so we are back up! Digg away! And yes, I am 18.

Cliffs: I discovered gross securities violations by Wells Fargo, mostly relating to fraudulent accounting, predatory lending, and flat out illegal mortgage backed securities practices. To see the original complaint filed in the Federal Court of Dallas, read this.

Wells Fargo booked over $17,000,000,000 in Mortgage Servicing Rights (basically, they book the right to screw people with fees as an asset) and issued shares to management. Little by little, they are diluting the power of shareholders (as they have rejected every shareholder proposal since 2002) and taking over more and more of the company by booking increased MSRs yearly. Presently, MSRs are equal to 39% of shareholders equity!

I would like to note that Wells Fargo was not always a bad company. It was taken over in 1998 by Richard Kovacevich who was the President, Chairman, and CEO of Norwest, who then integrated his crooked schematics into Wells Fargo (which is why the logo for Predatorix is a Wolf in Sheep's clothing).

**UPDATE** See the August 3rd, 2007 post, Richard Kovacevich Exited Wells Fargo without getting caught. What a travesty.
-Cyrus

February 23rd, 2007
I have spent a few hours going through past POTWs and fixing up some of the formatting (as my layout style has progressively changed over time). While looking back I was reminiscing about several of my favorite POTWs which compelled me to list my top 10 favorite Pick-of-the-Weeks.

3/14/2006
5/9/2006
5/30/2006
6/20/2006
9/26/2006
10/31/2006
12/5/2006
1/2/2007
1/16/2007
2/6/2007
-Cyrus

February 20th, 2007
I have updated the Pick-of-the-Week. It is an illegal funding agreement by a REMIC Trust. The Trust has no qualified asset that this contract can be attributed to.

I'm sorry Wells Fargo, but MLMI 1999-C1 is a Commercial Mortgage Backed Securities REMIC Trust, not a Litigation Claims Backed Securities Trust...
-Cyrus

February 18th, 2007
I have added the Distribution Reports for the MLMI 1998-C2 Trust (in addition to the MLMI 1999-C1 and MLMI 1998-CT1 trusts).

I'm putting the finishing touches on a pretty good POTW for this Tuesday.
-Cyrus

February 15th, 2007
I have updated the Beth Jaynes Asked Cyrus section of the site. I will be adding more Q&As soon.

I have also added the Distribution Reports for the MLMI 1998-CT1 Trust (in addition to the MLMI 1999-C1 Trust). I will be adding more distribution reports for other trusts soon. Watch out not to get the names mixed up, as they are similar.
-Cyrus

February 13th, 2007
Yay! Today is the one year anniversary of Predatorix!

Today also happens to be Tuesday, which means it is time for the Pick-of-the-Week! This POTW includes a case where Wells Fargo and ORIX fabricated a default against Bentley Forbes (a highly reputable and experienced real estate investment group). Also included is Bentley Forbes complaint against ORIX.

...and may there be many more POTWs to come
-Cyrus

February 12th, 2007
*Drum Roll*

This is going to be a great week for Predatorix as we approach our one year anniversary!
-Cyrus

February 6th, 2007
I have updated the Pick-of-the-Week. This one is a short four page paper I wrote explaining Richard Kovacevich's (Wells Fargo's Chairman, CEO, and President) predatory business plan. It isn't 100% complete, as I reserve the right to make any changes or revisions.
-Cyrus

February 2nd, 2007
Keybank's VP plead guilty to fraud/embezzlement. Now that guy is a true fraud. Check the News Clips section.
-Cyrus

January 30th, 2007
I have updated the Pick-of-the-Week. It is the Lee Hall loan's Motion for Summary Judgment against Wells Fargo. I am exposing Wells Fargo, ORIX, and KeyBank's illegal activities, which in this case happens to be a (literally) "epic litigation", unknown and unreported by the Trust to certificateholders. Wells Fargo and ORIX are spending hundreds of thousands of dollars (or more -- it is difficult to know for sure because the expenses are not being reported) of the Trust's money pursuing a liquidated loan for their own benefit!
-Cyrus

January 28th, 2007
I made a correction in my last post which should have read "for ORIX to steal money from the Trust".
-Cyrus

January 25th, 2007
Breaking news: Wells Fargo lost their big SBE case naming 72 defendants, myself and my younger siblings included. Wells Fargo and ORIX were handed a stunning defeat after having spent over $500,000 of a REMIC Trust's money on this case, this month alone. This is the second time they have sued me (and 15-year-old brother) for no reason, besides for ORIX to steal money from the Trust.

Once I post it, the transcript should help educate everyone on how to defeat a key part of the Pre-empting Workouts racket.
-Cyrus

January 23rd, 2007
I have updated the Pick-of-the-Week which is a follow-up of the previous POTW. As I continued reading the preliminary injunction transcript, I found more "interesting" parts. I could not fit them all in today's POTW so I will continue the "injunction stuff" next week as well.
-Cyrus

January 19th, 2007
Today I have added three PDF's relating to SEC regulations/laws regarding Mortgage Backed Securities under the Servicing Standard section. The "SEC 17 CFR Code" is an interesting read.
-Cyrus

January 16th, 2007
Sorry about the delay, today was the first day of school. I have uploaded the latest Pick-of-the-Week. I recently acquired a copy of the transcript from the preliminary injunction of SFE vs Wells Fargo and ORIX and have begun reading it. While flipping through to random pages, I found a few "interesting" parts which I have compiled for today's POTW.
-Cyrus

January 11th, 2007
I have added several Transcripts and Expert Opinions.
-Cyrus

January 9th, 2007
I have updated the Pick-of-the-Week. Very interesting article about KPMG's role in REMIC Trust accounting.
-Cyrus

January 4th, 2007
I have added the Multi Security Asset Trust (MSAT) pooling agreement under the Pooling and Servicing Agreements.

Because MSAT is composed of securitized securities there is no servicing, thus it has only pooling agreement rather than a pooling and servicing agreement.
-Cyrus

January 2nd, 2007
Happy New Year!

I have updated the Pick-of-the-Week. This POTW is a letter from Wells Fargo to the Federal Reserve proposing numerous new tactics to cheat and steal from borrowers and bank clients.

The letter can also be found in the Letters section.
-Cyrus

December 26th, 2006
Here is the Pick-of-the-Week. It is a PowerPoint Presentation which shows how Wells Fargo uses the captions to convert various Trust claims into judgments for Trustee or Servicer. Cases begin "on behalf of the Trust" and end in judgments in Wells Fargo's name -- very neat trick!
-Cyrus

December 25th, 2006
Happy Holidays!

Today I decided to compile a certain string of POTW's into what I have collectively dubbed "Chronicles of the Nonexistent Secret Partnership". Sounds good, eh? It can be found both under the Predatorix Studies as well as the Lies section.

It is my mission to, step-by-step, expose every Wells Fargo and ORIX lie. There are more of these Chronicles to come
-Cyrus

December 19th, 2006
I have uploaded the Pick-of-the-Week. This one is a PowerPoint Presentation about the payment history of the Lee Hall Loan. This is a liquidated loan which Wells Fargo (Trustee) is litigating in 3 venues including Israel, without certificateholders' knowledge! Take a look.
-Cyrus

December 16th, 2006
I have made a new page titled Wells Fargo wants YOU in Special Servicing, check it out.
-Cyrus

December 12th, 2006
I have updated the Pick-of-the-Week. This shows how Wells Fargo and ORIX strip equity from borrowers and steal money from investors. Sorry about the late upload, I was busy trying to study for my final exams and almost forgot.
-Cyrus

December 8th, 2006
A motion for leave to file the mother of all lawsuits for criminal violations of SEC regulations was filed last night. This complaint is not merely an allegation, but also contains the proof therein! Click here to see SFE vs Wells Fargo, KeyBank's, and ORIX.

It has also been added under the Wells Fargo and the ORIX cases pages.
-Cyrus

December 6th, 2006
I have added the second of the Borrowers Cases. This loan is First Union Plaza of the FULBA Trust. Wells Fargo and ORIX defaulted a performing loan because they renewed a lease without their permission.
-Cyrus

December 5th, 2006
I have updated the Pick-of-the-Week. It is a lie by Fish & Richardson. ORIX' attorneys claimed that I, in contempt of court, visited their offices in Dallas November 3rd around noon. The thing is, not only do I live in Houston, but I was at school and everyone knows it! What a desperate lie!

I have also added their letter to the lies page as a Lie by Fish & Richardson.
-Cyrus

December 4th, 2006
I have uploaded the first of Borrowers Cases, starting with the Chanin Building, in order to show the layout I will be using for the other cases as well. As there are thousands of CMBS loans that have been targeted for equity stripping and investor rip-offs, I will be busy for a while working on these. I will be using the Trust's own distribution reports in order to show the outrageous and illegal acts of Wells Fargo and its servicers.
-Cyrus

December 2nd, 2006
I will be working on renovating the Borrowers Cases section this weekend. The improved section should be up Monday or so.

I have also added an article regarding the Trigild Lender Conference which took place a few weeks ago.

With ORIX frozen out of the servicing business (see Depositors Meeting article), it looks like other Special Servicers are trying out for ORIX's vacated position as Wells Fargo's top predatory CMBS servicer.
-Cyrus

November 28th, 2006
This week, Wells Fargo and ORIX's top gun attorneys are in Israel fighting the Lee Hall litigation (you know, the loan that got liquidated over two years ago?), a case that was never disclosed to certificateholders. I will post the outcome as soon as possible.

The Pick-of-the-Week has been updated. This shows how Wells Fargo and ORIX have the ability to foreclose on any borrower, at any time.
-Cyrus

November 27th, 2006
I have added the Expert Opinion of Dennis McCloskey. Mr. McCloskey has listed six deviations from the Servicing Standard found in the MLMI Trust.
-Cyrus

November 22nd, 2006
I would like to make a little announcement: after all the criminal head honchos are brought to justice, I am planning on exposing the henchmen/goons who contributed to Wells Fargo and ORIX's predatory schemes -- I'm aiming from the top down!

I have updated the Ask Cyrus! Archive and Top 5.

I am working on making a new section regarding 'Wells Fargo's Pyramid CMBS Scheme' which should be up soon.
-Cyrus

November 21st, 2006
I have added the latest Pick-of-the-Week. I believe that "Litigation With Financial Institutions", in contrast to Michael Wurst's, "Preempting The Workout", is a resource that helps advance the cause of justice rather than thwarting it. It is excellent for fighting culprits like Wells Fargo in areas other than securitized loans.
-Cyrus

November 20th, 2006
I have added a PowerPoint Presentation titled, "Wells Fargo Predatory CMBS Practices".
-Cyrus

November 14th, 2006
I have updated the Pick-of-the-Week. It is the Expert Opinion of Scott Muldavin. Scott Muldavin explains very well the conflict of interest inherit in the way ORIX's organizational structure is laid out, deviations from the servicing standard in demanding repurchase of performing loans, and more.
-Cyrus

November 13th, 2006
I am proud to say that my website is the first website to unravel Wells Fargo's Mortgage Servicing Rights scam as well as other Wells Fargo and ORIX scams. All these predatory, fraudulent, and illegal activities taking place are primarily for the benefit of Richard Kovacevich. I would like to review a few of the highlights regarding Richard Kovacevich, Norwest, Wells Fargo, and MSRs.

POTW 5-9-06
POTW 8-22-06
POTW 8-29-06
WF & ORIX Magic Tricks 1
WF & ORIX Magic Tricks 2
Report To U.S. DOJ
WF Rejected EVERY Stockholder Proposal since '02 (my favorite)
-Cyrus

November 9th, 2006
I have spent a lot of time working on getting Wells Fargo's Proxies from 2002 to date online. While working on this, I came to realize that Wells Fargo's Board of Directors has recommended voting against EVERY stockholder proposal since 2002! No kidding, take a look! I have attached every single proxy since 2002 to support my statement. As if the Board of Directors rejecting every stockholder proposal wasn't bad enough, see also their Annual Reports Disclaimer!

I predict that Wells Fargo's Board of Directors will reject every stockholder proposal in 2007.

After the proxies I plan on zeroing in on Wells Fargo's investments in MSAT.
-Cyrus

November 8th, 2006
I have updated the Pick-of-the-Week. It is a motion for summary judgment against Wells Fargo and ORIX by Avram Cimerring

I am looking forward to adding a few other things which I am currently working on.
-Cyrus

November 7th, 2006
I am intentionally postponing the Pick-of-the-Week till tomorrow. I promise it'll be worth the wait.
-Cyrus

November 6th, 2006
I have added a Lie by Richard Kovacevich regarding MSRs. On one hand he tells shareholders he 'has to book them a certain way', on the other he tells the SEC they can be 'highly subjective'. Listen to his cop out answer about how "MSRs make no sense to me"- how could the Chairman and CEO of Wells Fargo not understand how they are booking billions of dollars of MSRs that translate into billions dollars of shares to himself? See also the letter for POTW 5-9-2006.
-Cyrus

October 31th, 2006
Breaking news: In Federal Court, the Honorable Judge Boyle has denied Wells Fargo and ORIX's Injunction to shut down Predatorix! This is a big defeat for predatory lenders and huge win for investors, borrowers and the thousands of others with websites like mine. I have made the ruling the Pick-of-the-Week.
-Cyrus

October 27th, 2006
I found a News Clip on the U.S. Department of Justice Office of the U.S. Attorney District of Minnesota's website where the FBI and USDOJ busted a Wells Fargo VP for embezzlement.
-Cyrus

October 25th, 2006
I have come across a website/blog, similar to mine, which explains firsthand the story of one of Wells Fargo's victims and their search for justice. The website also explains very well what Wells Fargo is doing wrong. I would recommend that everyone take a look.

http://wells-fargo-vs-adams.blogspot.com/
-Cyrus

October 24th, 2006
I have uploaded the latest Pick-of-the-Week. ORIX has created another liability for the Trust, which is very bad on their part. In the following order, MLMI Trust has been sanctioned for over $10,000 dollars.

Lets see if the Trustee wakes up to enforce the PSA covenant against the Servicer.
-Cyrus

October 19th, 2006
I was looking into senior executives compensation at Wells Fargo and found this in the 2005 shareholder proxy.

I have decided to make a whole new section titled Wells Fargo Shareholder Proxy Statements.
-Cyrus

October 17th, 2006
I have updated the Pick-of-the-Week. It is a clipping from USA Today regarding several executives who charged with spying and invasion of privacy.

I believe that what Dick Kovacevich, Chairman and CEO of Wells Fargo, has done is a hundred times worse.
-Cyrus

October 10th, 2006
I found an interesting case where ORIX (as an investor) sued another Servicer for violations of the Servicing Standard (talk about the pot calling the kettle black!). It was so good that I have decided to make it the Pick-of-the-Week.

My favorite part is where ORIX claims that the Trustee should monitor the Servicer, however, Wells Fargo (Trustee in the FULBBA, MLMI, and thousands of others) claims that they have no obligation to monitor ORIX (Servicer). Who is right?
-Cyrus

October 9th, 2006
I have answered a few more questions on the Ask Cyrus! Archive page and will continue to work on answering the rest.

I would like to remind everyone (and inform those who may not already know) that KeyBank Real Estate Capital has bought ORIX's servicing business. Click here to read more.
-Cyrus

October 8th, 2006
I have added another clip of my brother's Deposition.
-Cyrus

October 6th, 2006
I have added a case where the Borrowers, Park Avenue Associates, beat ORIX twice- originally plus the appeal.
-Cyrus

October 3rd, 2006
I have updated the Pick-of-the-Week. It is the highly anticipated 'Wells Fargo and ORIX Magic Tricks 2: Disappearing REMIC Trusts'. Check it out!
-Cyrus

October 2nd, 2006
I have added a News Clip regarding how ORIX was put out of business by depositors in 2004.

I have also added another clip of my brother's Deposition.
-Cyrus

October 1st, 2006
I have added another clip of my brother's Deposition. Put yourself in my position and imagine how you would feel if Wells Fargo and ORIX deposed your brother, or child.

Expect a great POTW to come this Tuesday!
-Cyrus

September 29th, 2006
I have uploaded the first clip of my brother's Deposition. I believe that no 14-year-old should ever be subjected to such treatment as the way he was treated by the attorneys for Wells Fargo and ORIX.

I would also like to make note that I heard A TON of lies by ORIX at the injunction hearing on the 27th. As soon as I get the transcript I will post them on the Lies section (that'll keep me busy for the next few days!).

BTW, they still claimed that the Partnership doesn't exist and that 'sometimes they don't get reimbursed advances by the Trust' (John Dinan). I guess they don't realize that they used the certificate of filling for the partnership as an exhibit and that if they don't get reimbursed advances by the Trust than it is considered a PROHIBITED CONTRIBUTION WHICH IS 100% TAXABLE!
-Cyrus

September 28th, 2006
Soon after my original posting yesterday in regards to James Thompson's Mountain Air Charter website, it was Modified by the webmaster to remove his name and replace it with 'Howard Stansfield'. However, during the clean up attempt the webmaster forgot to remove James Thompson's Email address!

Tomorrow I will start posting clips from my brother's deposition taken by Wells Fargo and ORIX. The videos will show how their attorneys ridiculed and humiliated a 14-year-old, asking him repetitive questions that he clearly did now know nor understand.
-Cyrus

September 27th, 2006
I will now begin to devote all my time outside of school to Predatorix. I will be updating the website much more frequently- Its hammer time!

Starting with.. this one!

Coming soon; 'Magic Tricks 2: Disappearing Trusts' followed by 'Magic Tricks 3: Wells Fargo CMBS Pyramid Games'.
-Cyrus

September 26th, 2006
I have updated the Pick-of-the-Week with one minute left before Wednesday. It is more proof that ORIX lied about the existence of the secret partnership, take a look!

Tomorrow is my hearing for preliminary injunction. Wish me luck!
-Cyrus

September 19th, 2006
I have updated the Pick-of-the-Week. It is an excerpt from SFE's Motion To Compel quoting Jeffrey Yarckin's deposition about the existence of the supposedly nonexistent partnership.

I have also added a Letter from Fish & Richardson.
-Cyrus

September 14th, 2006
I have added a few News Clips. The ones I added today are the three at the top (SEC, Forbes, and WSWS).
-Cyrus

September 13th, 2006
During my deposition yesterday, Ms. Beth Jaynes of Fish & Richardson, an attorney of ORIX, asked me a few questions to which I told her I would more fully answer on a new section of the website. I have started the new section titled Beth Jaynes Asked Cyrus and will be constantly updating it as I remember them.
-Cyrus

September 12th, 2006
Today my fourteen-year-old brother and I were deposed by Wells Fargo and ORIX. They harassed him for about an hour and half, asking repetitive questions that he clearly did not know. Also, about 95% of the questions they asked me were CLEARLY outside of the scope of the courts order (which I answered anyway). I will have a few highlights of the videos up whenever I get them to show what Wells Fargo is all about- extorting families.

I have just finished the Pick-of-the-Week. It looks like ORIX was once again beaten by Nomura.. Last time Nomura beat ORIX, they claimed that "Nomura hasn't won anything".
-Cyrus

September 9th, 2006
Yesterday I attended the deposition of Jeffrey Yarckin, co-director of ORIX Capital Markets, LLC. He pretty much knew nothing and his attorney objected and/or advised him to not to answer about 90% of the questions. It is becoming clear that Wells Fargo is the puppet master and actively engaged in the cover up. It is also clear that Yoshihiko Miyauchi the Chairman and CEO of ORIX Japan was directing ORIX Capital Markets, LLC in the USA. See slide 14 of the USDOJ PowerPoint</