Umpqua Bank - Got a TIp on Ray Davis Lawsuit - Umpqua Bank

Portland, Oregon, United States

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Crystal@CrystalCox.com

Myrtle Creek - Roseburg Umpqua Bank Obsessed with Uganda

Kind of Reminds me of the Scene in the Movie "Ghost" where that guy was tyring to get his funds to come u on the computer.. over and over sweating it out.. Why is Myrtle Creek Oregon Umpqua Bank so Upset - Fascinated - Intrigued over my Uganda Posts... I mean come on this is not Rocket Science Folks... a few months back there was searches.. Brian Stevens - Summit 1031... search about the Summit Bankruptcy from Uganda, searches of Umpqua and yesterday a search from same town in Uganda for Umpqua CEO Ray Davis eMail... Come on.. THEY know I am watching.. how dumb are these Criminals.. Really..

So Umpqua Bank CEO Ray Davis helped Brian Stevens HIDE assets in Uganda?

Tell Me More..
Crystal@CrystalCox.com

Report: Umpqua Bank knew 1031 exchange diverted money from clients’ accounts:

"" Jeff Manning reported while I was gone about the contents of a report from the bankruptcy trustee for Bend-based Summit Accommodators.

A federal just relesed the trustee’s report after Umpqua Bank fought to keep portions of it secret.

Manning reports: Umpqua Bank knew as early as March 2007 that the owners of Bend-based Summit Accommodators were diverting millions of dollars from their clients' accounts to fund their own real estate projects, according to a newly issued report by the court-appointed bankruptcy trustee.

Rather than blow the whistle on what may well turn out to be one of the landmark criminal fraud cases to come out of Oregon's real estate crash, Umpqua kept quiet, continued to reap substantial dividends from the large deposits Summit offered and helped finance some of the real estate projects with $6.3 million in loans, the report claims. ""

Source of Post
http://blog.oregonlive.com/frontporch/2010/01/top_5_zgf_hoffman_deliver_opul.html

Inland Capital Makes Loans for Large Real Estate Investment and 45 Days Later Umpqua Bank Refinances the Loan?

Why bother going through Inland Capitol anyway if
Umpqua Bank is going to do a Refi of the loan 45 days later?

It sounds to me like a way to cover your tracks, to redirect money and create illusions.
It sounds like possible Mortgage Fraud, Banking Violations and Well Flat Out Fraud to me.

Ok so .. Inland Capital (Owned by Summit 1031 Principles) Makes Loans for LARGE Real Estate Investments. And 45 days later Umpqua Banks does a "Refi" ?

To me as a Real Estate Broker Owner that sounds VERY fishy.

What was the real motive and would say a Chief Credit Officer notice something "fishy" like that? Or would a Umpqua Bank Chief Credit Officer have to be involved in this process?

What was the loan process REALLY on these Magic "Refi" Situations?

Was it jsut pushed through? Were there Majic CMA's done by Realtors or Magic Appraisals... I mean it had only been purchased 45 days earlier, it could almost be it's on "Comp" ...

So what is the Real Story on Umpqua Bank HELPING Summit 1031... Inland Capitol to create illiusions and divert Money?

Did Umpqua bank give "kick back" for business, or part of the pay out? Were their "trailing commissions" on these loans for the Loan Officer? Were there Big Ol' CEO and VP bonuses for the Volume that Brad Copeland and CEO Ray Davis Brought into Umpqua through Inland Capitol? Hmmm.. so many questions and what ifs?????????

Sure seems like there is alot more to this story to me..

and this Securing of Funds.. thing.. well it is one of the top issues that my Blog and Video visitors just love.... so what is the Real Story?

Got a Tip ?
Crystal@CrystalCox.com

Much More On this Topic Coming Soon..

Mark Neuman Emails to Me.. about the Form 10-K Report Filed with the SEC.

Thu, February 25, 2010 7:42:00 PM


"" At the bottom is the link to the Form 10-K report.

But here is the disclosure in Umpqua's 12/31/09 financials statements under "Legal Proceedings" regarding the two lawsuits filed by Padrick and the Umpqua creditors (they are really the same lawsuit, I think because there was a possibility of a problem with the lawsuit that Padrick filed). Hmmm.... see the sections I highlighted below.

They convinced the auditors to agree that resolving won't have a material effect.

ITEM 3. LEGAL PROCEEDINGS.

On June 19, 2009, in the Circuit Court of the State of Oregon for Multnomah County, Kevin D. Padrick, Trustee of the Summit Accommodators Liquidating Trust, as plaintiff, filed a complaint seeking damages of at least $30 million from Umpqua Bank.

Plaintiff alleges that the Bank’s provision of banking services to Summit Accommodators, Inc. (“Summit”), a 1031 exchange accommodator, aided and abetted the principals of Summit to breach their fiduciary duty to Summit.

Based on the allegations in the complaint and our understanding of the relevant facts and circumstances, we believe that the claim is without merit and the Company is vigorously defending the claim.

On September 10, 2009, Danae Miller and fifty-seven additional plaintiffs, who are creditors in the Summit bankruptcy, filed a complaint in Multnomah County Circuit Court seeking damages of at least $30 million from Umpqua Bank.

Plaintiffs make allegations that are similar to the allegations made by Padrick, i.e. that the Bank’s provision of banking services to Summit aided and abetted Summit’s breach of fiduciary duty to plaintiffs.

Like the Padrick case, we believe that this claim is without merit and the Company is vigorously defending the claim.

No loss accrual has been made for either of these claims in the accompanying audited consolidated financial statements.

In addition, due to the nature of our business, we are involved in legal proceedings that arise in the ordinary course of our business.

While the outcome of these matters is currently not determinable, we do not expect that the ultimate costs to resolve these matters will have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

Read more:
http://www.faqs.org/sec-filings/100219/UMPQUA-HOLDINGS-CORP_10-K/#tx94152_6#ixzz0gbbbbEOP

Mark ""

Folks, there seems to be alot more to the Summit 1031 and Umpqua Bank Connection. I Say Dig Deeper, Way Deeper..

Crystal L. Cox
Investigative Blogger

CEO Ray Davis - VP Brad Copeland - Umpqua Bank Compliance Officer Duties - A Bank CEO and Vice President KNOW their Duties.

I Believe, IN my Investigative Blogger OPINION.. that Umpqua Bank CEO Ray Davis and Umpqua Bank Vice President Brad Copeland are Hiding some huge secrets that the Summit 1031 Creditors have a Right to KNOW...

Here are a few tidbits on Compliance Officers...

Umpqua Bank Compliance Officer Job Description, in Online Job Offers ...

"Ability to demonstrates compliance with all bank regulations, Follows all Bank policies and procedures, compliance regulations .."

Who Hires a Compliance Officer for a Bank?

Who Knows Full Well What the Duties of a Compliance Officer Are?

What is the Umpqua Bank Compliance Program ? Does it state that emails will be monitored for quality control or compliance?

" The Chief Compliance Officer serves the CEO and Board of Directors by reporting on the Company’s compliance efforts and providing guidance on compliance matters. The Chief Compliance Officer, together with the Compliance Committee (or other committee) of the Board, is authorized to implement all necessary actions to create an effective compliance program."

So the CEO of Umpqua Bank knows FULL Well What a Compliance Officer Does Right? And so does an Umpqua Bank Vice President, who are you trying to FOOL? Oh .. the Creditors..

Part of the Duties of a Bank Compliance Officer is to Provide reports on a regular basis, so the Executives at Umpqua KNEW that the Email Monitoring was a part of the Compliance Officers Job - there is No Way that they did not know that email would be in this 100 Million Dollar Scandal.. keep in mind Summit 1031 had a BILLION dollar pass through their Greedy Mitts over the last Decade...

An Umpqua Bank Compliance Officer Can can review email dialog for content. The Bank CEO and Vice President KNOW THIS... without a Doubt.

Compliance Regulation Bank, Umpqua Bank Compliance, Umpqua Bank Compliance Officer Duties, Chief Compliance Officer , and more.. coming soon..

Coming Soon and Research Tips, Find an Old Lawsuit that Umpqua Bank Brad Copeland and Or CEO Ray Davis were in or had to know about, where the emails were used - this proves they knew that in the Summit 1031 Case the eMail would be an instrumental part of the case again.

Get a Copy of Umpqua Bank Policy and Procedures to see if ANYTHING to do with email monitoring, or saying that emails will be part of a lawsuit.

In that eMail Umpqua Bank Brad Copeland admits to knowing that emails are subpoenaed, that only admits Guilt. Vice President Umpqua Bank knew that THOSE emails would be part of the record and so he sent that Email to CEO Ray Davis to Make sure it was Part of a Lawsuit that they Full well knew that had Plenty of Exposure on.

Brad Copeland admits in that email that the Summit 1031 Principles asked them to "get in bed with them" - So how can Summit 1031 say they did do this?

And if Umpqua Bank CEO Ray Davis and Vice President Brad Copeland did not "get into bed with" Summit 1031 - Summit Accommodators, Lane Lyons - Tim Larkin - Brian Stevens and Mark Neuman ..

WELL then WHO did, because what is playing out to me shows that those boys are not real smart.. so someone hid their assets and helped them hid money for many years... WHO Was it?

I Say, in My Opinion, the CEO Ray Davis and Vice President Brad Copeland are trying to hide something HUGE and that they know a lot more on the Summit 1031 Scandal then they have yet to admit. I Say, in my Opinion - that they staged that email in hopes of avoiding a .. say 30 Million Dollar Lawsuit and that they, in my Opinion were indeed in bed with Summit and in a Very Big Way..


Compliance Officer Research Links

http://www.ucdmc.ucdavis.edu/compliance/program/job.html

http://www.complianceweek.com/article/1279/sample-job-description-chief-compliance-officer

http://www.igniterealtime.org/community/thread/34234

Also Research the HUGE Scandal about Compliance Officer Peter Sivere - the JPMorgan Whistleblower - who caught an email that incriminated the big boys and THEY Fired Him...

http://www.senseoncents.com/2010/01/the-sec-pimped-peter-sivere/

http://www.noquarterusa.net/blog/2010/02/03/sec-ig-report-george-demos-pimped-peter-sivere/

Why Crystal L. Cox, Investigative Blogger Believes there is a High Possibility That Summit 1031 Exchange REALLY is "in bed with" Obsidian Finance Group?

What If, ... as we see in Mark Neuman, Summit 1031 Principles eMails to Investigative Blogger - Mark Neuman or Really any of the 4 Summit Principles or Affiliates really did take that "Attorney Advice" that Mark Neuman Tells Crystal L. Cox in his emails to her.. that he was given advice from his own attorney that he better jump in bed with Kevin Padrick.

What if the ONE or ALL of the Summit Principles ALL ALONG or at ANY point over the last 15 months... did actually get into bed with "Kevin Padrick" - "Obsidian Finance Group"?

What if the Umpqua Lawsuit was staged somehow to make Obsidian Really Look outside of it all?

I, Crystal L. Cox - Investigative Blogger now Believe that Umpqua Bank Executives knew full well that their eMails were constantly monitored by a Compliance Officer, it is the Nature of the Job and a 2 Million Dollar a Year Salaried CEO of a Multi-Billion Dollar Bank would have to know that.

What if Kevin Padrick, Obsidian Finance Group put that eMail in his report to give Umpqua a Way out?

I mean Judge Dunn seemed to Favor Umpqua right?  Yet we know from the Sound Byte that Bankruptcy Whistleblower Stephanie DeYoung posted that Judge Dunn actually picked, appointed and kind of forced Kevin Padrick into the Role he has in the Summit 1031 Bankruptcy. ( a Side Note to this, we also know that Bret DeYoung was upset and knew Mark Neuman would be upset that Stephanie, on her own, posted that sound byte of Judge Dunn appointing Kevin Padrick)

So Judge Dunn, Kevin Padrick and Umpqua may be, really more Chummy then they would like the public to believe.  And Bankruptcy Whistleblower Husband Bret DeYoung may be alot more "in bed with" Father in Law Summit Principle Mark Neuman then we knew..

The Umpqual Email - Staged Event..
With those eMail Communications between Umpqua Vice President  Brad Copeland and Umpqua CEO Ray Davis it just does not make sense that this happened after Umpqua Filed for Bankruptcy and that only this email surfaced the way it did...
 
See .. why are there not other communiciations between Umpqua Executives in house, with Summit, with Realtors, with Mortgage Brokers, Attorneys or anyone really anyone as far as that goes..

Why Just This eMail? 

It Makes No Rational Sense.

I mean surely some eMail or correspondence over the last few years would factor in to a "Savvy Investigator" File..  So why this eMail - MAKES no Sense, I Believe it was a Staged Event Period.

******
What if Judge Dunn, the DOJ Trustee, Obsidian, and the Summit 1031 Principles are really "in bed with" each other on so much more then can even be imagined?

******

Other Reasons that Make Sense that the Summit 1031Principles
MAY very well, indeed be "in Bed with" Obsidian Finance.

Kevin Padrick was Original Going to Work for Summit 1031 Original and things Oddly Changed, what if Summit Paid them off and Obsidian Finance Group switched sides on purpose to create more money for all the "Bad Guys" from that position.. ??

What if the Summit 1031 Principles made sure that Bankruptcy Whistleblower Stephanie DeYoung got that video of that meeting to ensure that their version of the story was told..???

And what if Kevin Padrick fought that Video with a fiery to make it look like he was really against it all.. yet it was staged for us to expose .. to make it look like Summit was against Obsidian.. I mean listen to the pre-video - that could easily have been staged.. AND we know that Tim Larkin told Stephanie DeYoung how the video should be and "the point is to get the sound"

Yet She was the ONLY One that Got Criminal Charges for that Video, Why?

Kevin Padrick cannot afford to make it seem like he wanted the video out to make it look like he and summit were on opposite sides, so maybe he pressed those charges to get attention to the story .. that he Just did not Approve of those Videos.. and the Bend DA went Right Along with it???   What If it Happened that way.. ?? ....

What Changed Mark Neuman after March 4th 2010?

Why Did Mark Neuman NOT send me a link to the breaking news on the Summit Settlement on March 4th, and well Neither Did Bankruptcy Whistleblower Stephanie DeYoung as far as that goes.  After all this time Mark Neuman Summit Principle sending me links, thoughts, information sometimes even quite demanding as to what I post and when..SO why not That.. ??? I mean you can see in eMails to me that the "Settlement" was what they all wanted so bad and for so long.. so why NOT send me that Big New.. ??

Unless there was so much more to it and he did not want
Mad Dog Blogger Crystal L. Cox all Up in His Business...
Why Else would Mark Neuman be so Brave,
so Comfortable with his situation after 15 months,
and after the 16.5 Million Settlement on March 4th 2010. 

I believe Mark Neuman was comfortable and went back to his Old Asshole Self because he felt and was reassured by someone that he was in the clear.   And he was ready to take back the reigns of his life, take charge of His Women Folk and get back to the business of the Life of Mark Neuman, Mega-Millionaire ....

You can tell from eMails that Mark sent me that he thought of me as friend, What Changed? 

You can see that he was like.. Yeah Crystal, and even fed me stuff, and then after the Settlement it was Screw you Crystal.. and then he went to deal with STOPPING the Friendship I had built with his Bankruptcy Whistleblower daughter Stephanie DeYoung, Why?

Makes no sense really, I had never even met her.. and was certainly not brainwashing her.  He fed me information on the family and all the relatives and then convinced her mom that I knew to much about everybody.. yet he was the one who told me.. you can see in eMails..

The Other 3 Summit Principles - Lane Lyons, Tim Larkin, and Brian Stevens... Well ..  During 15 months and though it was Obvious that I was Fully Capable of getting their Story out, well the Other 3 Principles of the Summit 1031 Bankruptcy never emailed me their story, did not email me links - did not draw my attention to anything.. Why?  I mean it was obvious I was no part of this and just telling the story so why not send me ANYTHING?  Why not Get Heard?

Other Reasons that May Factor in..

Why Did the Bend DA, Kevin Padrick only charge Bankruptcy Whistleblower Stephanie DeYoung with that video When those Attorneys are Smarter then that, they knew that ALL in the Room Knew, including another Attorney - Terry Vance.

Maybe the Bend DA and Kevin Padrick Staged that?

I mean Summit had been rumored to be in bed with local officials on many developments, so why would the Bend DA do this Criminal Charges game with Bankruptcy Whistleblower Stephanie DeYoung... Really and

Why only Her ????

Why after 15 MONTHS and NOT Before the 16.5 Million Dollar Settlement HAD the FBI failed to Interview who seemed to be the book keeper, accountant, a manager of many LLC's - an Insider - a Daughter of one of the Principles, and well a Very Important Interview?

Also other Investors who are pressured to turn over millions have called me and told me that they too have not YET been interviewed by the FBI.. so how in the World is it that Mark Neuman feels he is so In the Clear that he has not only turned on me, but is making active steps to contain information daily to Protect his Ass.. on all this. the biggest one being shutting up his own daughter - Bankruptcy Whistleblower Stephanie DeYoung - and using her Husband, Bret DeYoung to help him do it...

Is the FBI agent in on it? 

Did the FBI Tell Stephanie she was Guilty of Money Laundeering to Scare her.. yet did not say this to other Principles to Scare them ??? WHY?

Is there an FBI payoff somewhere?  Who Knows.. The Scandal is certainly widening daily and NOTHING would surprise me NOW...

Some Ideas and Thoughts..

Summit has connections in Colorado, there is so much around the Obsidian Finance Group - Obsidian Renewables deal that does not add up..

How did this jump up into the middle of all this..  ???

Maybe Summit 1031 has Stocks in PV Powered or that Colorado Energy Company that Bought it..

Maybe Summit 1031 gets some profit or something from Obsidian Renewables.

What Real Connections do the Summit Principles have to PV Powered or the Energy Company that Bought it?  I believe there is a lot more to that story..

*****
So What if the Creditors Never Did have ANY independent Representation, Support or Advocate and only Big Money in bed with Big Money to Keep them Down and to Play High Finance Games with Each Other... and Benefitting Each Other..  ???

*******

It is a VERY High Possibility that One or ALL of the Summit 1031 Principles, Umpqua Executives, Judge Randall Dunn, Steven Hedberg, Obsidian Finance Group are all "in bed together".

They all knew that Bankruptcy Whistleblower Stephanie DeYoung did not know all this stuff and so they kept messing with her to create an illusion, and to play me into it to getting the Summit Illusion heard from the Rooftops.  

I mean Bankruptcy Whistleblower Stephanie DeYoung is low man on the totem pole in this one, so why was she taking ALL the heat and pressure, criminal charges, the only one to be videod in deposition and more constant harassment.. why just her?

I NEVER did hear from other Summit Principles,
Lane Lyons, Tim Larkin, and Briand Stevens..  Why?

Why Did Summit 1031 Principle Mark Neuman
Get So Brave after 15 Months of Kissing My Ass?

So Much Does not Add Up that It makes My Head Spin...

More Inside Information on the Summit 1031 Bankrupcty at

www.SummitAccommodators.com


www.Summit1031Sucks.com 

www.LaneLyons.com

www.CEORayDavis.com 


posted by
Crystal L. Cox
Investigative Blogger

Got a Tip?Crystal@CrystalCox.com

Umpqua Bank CEO - Ray Davis