You have to wonder, what's behind the mortgage fraud prosecutions that we've talked about over the last couple of years? On the surface we're expected to believe that it's simply the governments desire to put away bad guys who misused the banking system to steal money but there's much more than that. We already know that the low level prosecutions that we've discussed are nothing more than a dog and pony show to distract attention from the real bad guys, the banks and Wall street firms that created this economic calamity that we're still in nearly four years after the real estate meltdown. What about at the law enforcement level? What's the motivation behind these cases for the cops and prosecutors that make them? Is it simply the need for the cops to do the right thing and get the bad guys? Or the desire of prosecutors to lock up criminals? BULLSHIT. Everyone we've written about during the course of our blog has had some sort of ulterior motive in building these mortgage fraud cases. Mortgage fraud just happened to be the hot topic of the day, each and everyone one of these guys planned to use these cases to elevate their status within their respective agencies. Let's look at some of the players we've discussed in the past...
Detective Jorge Baluja. How can anyone forget the assclown dimwit rookie detective that put together the Bernardo Barrera mortgage fraud case, a detective that doesn't have the slightest clue about mortgage fraud or real estate, the same detective that couldn't even execute his own mortgage correctly. So what could have been his motivation for putting together a headline mortgage fraud case? It turns out that the good detective couldn't stand being on the mortgage fraud task force, from what several people have reported to us, Detective Baluja was very vocal about wanting to get out of the Mortgage Fraud Task force as soon as humanly possible. He told several witnesses in the Barrera mortgage fraud case that he needed to put this case together as fast as he could so he could get off the task force and get transferred to another unit, so he hastily slams together this bullshit case and before anyone realizes what a steaming pile of shit he created, his Major goes ahead and gives him a commendation after which he gets transferred out of the mortgage fraud unit. Nice job Detective, ruin peoples lives with a bullshit case, let the real bad guys get away, expose your department to all sorts of liability all so you can get yourself out of a unit that you couldn't stand working in.
Assistant State Attorney William "Bill" Kostrzewski, AKA "Special K", AKA "Crazy Bill". This would be the inept prosecutor that put together the Barrera mortgage fraud case, a prosecutor so blinded by the possibility of putting together a big case that he ignored the obvious truth behind his case, the fact that the man who claimed his identity was stolen for the commission of the crime was actually in on the crime. So what could have been "Special K's" motivation? It turns out the career prosecutor Kostrzewski was looking to get promoted out of the Miami State Attorneys office, from what we're told Mr. Kostrzewski was doing his best to become part of the then proposed Statewide Mortgage Fraud Task force that was to be led by then mortgage fraud avenger Glenn Theobald. Mr Kostrzewski openly bragged about this possible job and his connection to higher ups in Tallahassee, yet somehow despite all the Mortgage Fraud Task Force meetings he attended, despite all the ass sucking, Mr. Kostrzewski never made it to any task force, let alone a statewide task force. In fact, when the Miami State Attorneys Office put together it's own Mortgage Fraud Unit within it's economic crimes division, they never even offered "Special K" a job with the unit. We'd like to think we may have had something to do with that....
Last but not least we have Special Agent Dennis Roadruck from the Florida Department of Law Enforcement. Agent Roadruck is the man who put together the Plantation Cops mortgage fraud case, so what could have been his motivation for putting together this case? From what we're told this case saved Mr. Roadruck's career, our sources tell us that Mr. Roadruck's job was in jeopardy in part because of his serious domestic violence issues. What better way to put these nasty problems behind you than to put together a major mortgage fraud case where the targets were cops? Perhaps this explains why the agent ignored the hundreds if not thousands of other frauds the mortgage brokers who cooperated with him had committed? Regardless, this case sounds like a career saver to me, perhaps that will change once the case is concluded.
I wouldn't say that every single one of these cases were driven by the ulterior motives of the people who put them together, I'll concede that the overwhelming majority of these types of cases are put together by people who are simply doing their jobs and are doing so to get the "bad guys" and protect the citizens from these criminals and their nefarious activities. There is no doubt in my mind though that the people we've discussed in our post today had no regard for the truth or justice but were simply looking out for themselves in order to either save their asses or to get themselves promoted at the cost of destroying other peoples lives and reputations, which in my humble opinion is pathetic. Take my word, when the dust finally settles, when the proper complaints are filed and the civil suits against the offending agencies are initiated, the truth will come out.
On another note, it looks like we have the beginnings of a recall campaign against City of Miami Mayer Tomas Regalado! Our friend Al Crespo goes into detail on his site. I find it ironic though the people initiating the recall, the police and the fire unions which were the target of massive pay cuts, are doing so to protect their massive pay and benefit packages that are in part bringing the City to the verge of bankruptcy. Regardless, it's a step in the right direction, we'll have to see how things play out.
Richard Wilbur ... by gimleteye
18 hours ago