Last month, Law Enforcement Today published Part 1 of an investigative report on ActBlue, the fundraising arm of the Democratic National Committee, regarding the alleged use of donor money to commit real estate fraud and facilitate money laundering.
A former assistant police chief in Tennessee, Shawn Taylor, senior research analyst for theElection Fairness Institute (EFI), has been working with Arizona State Senator Mark Finchem, executive director of the EFI, in probing ActBlue.
Law Enforcement Today conducted a lengthy telephone interview with Taylor, and to say it was eye-opening is a vast understatement. He alleged that what amounts to hundreds of billions of dollars in “mortgage money” fraud was committed for the benefit of ActBlue, which then funnels the money through NGOs and into the Democrat Party coffers.
Some made its way into organizations that actively oppose the Republican Party, and President Trump in particular. When we asked Taylor how much money was involved, he said, “We’re talking trillions by the time you get done looking at it.”
Law Enforcement Today is not making accusations about the individuals involved with these transactions, only that they appear to be highly unusual.
Taylor isn’t just blather. He has all the receipts, having spent thousands of hours combing through Lexis-Nexis reports. He then went through a series of examples, chapter and verse, where homes of connected individuals sometimes “sold” for hundreds of times what they were worth. Or, some received multiple mortgages for properties that were far above they’re worth.
One example is Regina Wallace Jones, the CEO of ActBlue. A property owned by her located at 1257 Runnymede Street, East Palo Alto, CA. That home is a relatively modest (by California standards) single-family home that has a footprint of just over 2,600 square feet. A recent listing for the house on Zillow had an asking price of $1,727,200.
The home allegedly serves as an operational base for ActBlue. Taylor obtained a Lexis-Nexis report of the home and was stunned to find the following alleged history:
On May 21, 2002, Wallace-Jones, along with someone named Stefford Jones, possibly her husband, bought the house for $689,500. On the same day, Regina Wallace-Jones and Stefford Jones received a $651,500 loan mortgage from Wells Fargo Home Mortgage, Inc. Additionally, Regina Wallace-Jones received two additional mortgage loans, totaling $651,600 and $552,253, both from Wells Fargo Home Mortgage, Inc. On the same date, the sale price was listed at $68,950,000, with two unlisted sources providing cash loans of $10,035,000 and $55,125,000.
Finally, on December 6, 2002, Regina Wallace-Jones and Stefford Jones received two additional mortgage loans: one for $551,520 from Wells Fargo Home Mortgage, Inc., and another for $100,350 from Wells Fargo Bank.
All together, for a house with an assessed value of $979,030.00, Regina Wallace-Jones and Stefford Jones obtained seven mortgage loans totaling $67,667,323, or nearly 70 times the property’s value.
It gets worse.
Continue reading: https://lawenforcementtoday.com/actblue-mortgage-fraud-billion-dollar-cop