7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

1/40

Wells Fargo Caption Switching:Converting Trust Claims into Wells Fargo Judgments

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

2/40

Aggressive Offense

Using the Courts to intimidate and punishtheir opponents

Maintaining an offensive footing (alwaysthe accuser never the accused)

Character assassination and mudslingingto divert courts focus from the relevant

facts and law.

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

3/40

Tactics

Caption Switching

Independent Claim of Servicer

Motion to Compel Emergency TRO & Injunctions

Expedited Discovery

Sanctions

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

4/40

Caption Switching Objectives

Used to Divert Trust Judgments

Used to Pocket Settlement Proceeds

Hide the Trust Protect Wells Fargo (Godfather)

Hide REMIC Trust Sanctions/Penalties

Hide Prohibited Income

Re-direct Stripped Equities/Assets

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

5/40

Caption Switching Explanation

Really?

John Dinan, Depostion 2006

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

6/40

Caption Switching Objective

Wells Fargo BankTrusteeWFSpecial Servicer

Acceleration &Seizure

Foreclosure &Judgment

Bankruptcy &Collection

3 Stages of Equity StrippingMetamorphosis of CMBS Trust to Wells Fargo

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

7/40

Caption Switching Examples

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

8/40

Caption Switching Examples- True Party

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

9/40

Caption Switching Examples Stage 1

Orix is assertingindependent claim?

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

10/40

Caption Switching Examples Stage 1a

Orix is asserting

independent claim!

Isnt MLMI aREMIC Trust?

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

11/40

Caption Switching Examples Stage 2

Why Wells Fargo?

Where is Trust or Trustee?Where is Borrower?Why is CMBS Trust paying forThis?Isnt this prohibited activity(speculative litigation)by a Remic Trust/Trustee?

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

12/40

Caption Switching Examples Stage 3

Can you figure outwhich Trust this

judgment belongs to?

Thats why WF pursued

collection of this judgmentIn Israel 2 years afterliquidation from MLMI.

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

13/40

Caption Switching Examples Stage 3

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

14/40

Caption Switching Examples Stage 3

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

15/40

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

16/40

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

17/40

Independent Claims, Trustee & Servicer

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

18/40

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

19/40

Motion to Compel

Repeated filings of Motions to Compel

This sort of motion most commonly dealswith discovery disputes

Demonstrates the bad faith nature of theirfilings (demand everything and the kitchensink while stonewalling all attempts to get

a meaningful discovery out of Orix andWells Fargo)

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

20/40

Motion to CompelExamples

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

21/40

Motion to CompelExamples

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

22/40

Emergency TRO

Emergency TRO Filings is yet anothercommonly employed Wells Fargo litigationstrategy.

The TRO often alleges documentdestruction or other similar acts

These allegations are not supported byany evidence, but rather used to disparagetheir opposition in the eyes of the court.

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

23/40

TROExample

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

24/40

Expedited Discovery

Common tactic employed toinconvenience and engage opponents withunnecessary and irrelevant discovery

requests, while at the same time refusingto produce anything meaningfulthemselves

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

25/40

Expedited DiscoveryExample

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

26/40

Further Examples

Further examples of this hyper-aggressivelitigation strategy can be found whenreviewing the dockets of the following

cases:

Wachovia 3-02CV1945-M

UBS 02-2849

Nomura 00-8720

SFE 306-CV-0271

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

27/40

MLMI 1999-C1

Correct name is the Conformed Name

as shown on SEC filing. See the lastslide.

This should be the Party in Lawsuits

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

28/40

WFC/Orix SECViolations

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

29/40

WFC/Orix SECViolations

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

30/40

WFC/Orix Last SEC Filing

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

31/40

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

32/40

Caption Switching Case - Motion

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

33/40

Caption Switching Case - Motion

C S C

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

34/40

Caption Switching Case - Motion

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

35/40

C i S i hi C R

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

36/40

Caption Switching Case- Response

C i S i hi C R

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

37/40

Caption Switching Case - Response

C ti S it hi C R

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

38/40

Caption Switching Case - Response

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

39/40

7/31/2019 Wells Fargo Caption Switching - Converting Trust Claims Into Wells Fargo Judgments

40/40