Saturday, May 19, 2007

False 1099

Have you ever been sent a false 1099? After a multitude of phone calls someone was able to answer my questions. Can a bank or a financial institution send out a mics 1099 expense after they have stolen from you and sold you out for pennies in order to take you out of business. They do and they can. It is a freedom of choice for financial institutions to send out erroneous tax statements and take these erroneous deductions. At over eighty thousand dollars each these erroneous 1099 deductions could be a great tax savings to banks and leasing companies that send them out to the financially deprived such as ourselves. That could add up pretty fast in tax deductions. I wonder how many erroneous 1099's were sent out to defunct businesses in just one year in the United States? Such creative accounting certain people do use to cheat other people. Or as the attorney for Wells Fargo stated at the Appeals Court hearing, "Standard Banking practices". Standard banking practices include altered documents, false filings, fund shortages, misreporting of available funds, theft of private property and then upon refusal to go along with them they can top it off with extortionate collection practices.

Contracts mean nothing to these people. Wells Fargo could care less if they signed a specific contract with you. A breach of contract for Wells fargo is as simple as having the money to pay off attorneys and whoever else along the way you need on your side. Law means nothing to bullies like Wells Fargo. If it did they would not have alter so many of my loan documents and asked SBA to pay for it after they took me out of business.

Obviously lieing to SBA does not bother Wells Fargo because they told SBA I was out of business when they knew it was a lie. They did that to get SBA to concur with them.
Wells Fargo partners in crime.
This is as bad as claiming "We want to be your partner" when you are operating a business that they want. Preplanning with altered documents on taking away from you as soon as possible.

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