Larceny

" Now nobody get nervous,

you ain't got nothing to fear . . .

You're being robbed by the Mack Mafia,

that's the best there is! "

-- Robert C. Hatley, CEO of Paragon Commercial Bank ¹

Listed here are the 20 Elements of Fraud employed by Paragon Commercial Bank and Poyner & Spruill against Spencer C. Young and his real estate interests in North Carolina, the details of which are contained in the Criminal Indictment filed on January 29, 2010 with the North Carolina Dept. of Justice . Those indicted include: Bob Hatley (CEO), Jim Hoose (Sr. VP), Matt Davis (Sr. VP) and Martin Borden (Sr. VP) of Paragon Commercial Bank, and David Warren and Dan Cahill, both Partners at the law firm of Poyner & Spruill.

Details on each element of fraud are accessible by hyper-link below:

⇨   FRAUD Element # 1 -- Rejecting Receipt and Deposit of Rent Remittances from Tenants

⇨   FRAUD Element # 2 -- Ignoring Instructions to Apply Funds to Ensure Loans Were Current

⇨   FRAUD Element # 3 -- Wiring Monies Out Without Basis, Authorization, or Legitimacy

⇨   FRAUD Element # 4 -- Declaring Orchestrated and FRAUDULENT Monetary Defaults

⇨   FRAUD Element # 5 -- Making Meritless Accelerated Demands for Payment in Full

⇨   FRAUD Element # 6 -- Embezzlement Via Fraudulent Exercise of Assignment of Rents

⇨   FRAUD Element # 7 -- Undermining Value by Disrupting Operations and Commerce

⇨   FRAUD Element # 8 -- Defaming Property Owner With Lies, and Threatening Tenants

⇨   FRAUD Element # 9 -- Negatively Impacting Property Value by Interfering with Leasing

⇨   FRAUD Element # 10 -- Closing Bank Accounts with Malicious Intent

⇨   FRAUD Element # 11 -- Stealing Monies on Deposit from Bank Accounts

⇨   FRAUD Element # 12 -- Misapplying Funds in the Derelict Administration of Loans

⇨   FRAUD Element # 13 -- Preventing Hiring an Attorney to Deprive Rights to Due Process

⇨   FRAUD Element # 14 -- Wasting Taxpayer Monies with Intimidation Tactics

⇨   FRAUD Element # 15 -- Secretly Accelerating the Fraudulent Appointment of a Receiver

⇨   FRAUD Element # 16 -- Denying Requests for Adequate Time to Engage Counsel

⇨   FRAUD Element # 17 -- Orchestrating "Kangaroo" Court Proceedings

⇨   FRAUD Element # 18 -- Carrying Out Illegitimate Foreclosure Sales

⇨   FRAUD Element # 19 -- Committing Grand Larceny Theft

⇨   FRAUD Element # 20 -- Intent to Cause Homelessness, Destitution and Death

You will note each element on this web page is matched up with a beautifully endowed woman. The reason for this is two-fold: (1) to promote breast cancer awareness (which is why the lettering is pink); and (2) to ensure EACH element of FRAUD gets EVERYONE's attention . . . AND as an added bonus, a video message from actress Denise Richards is featured below. To join the Global Breast Cancer Awareness Movement please visit Susan G. Komen for the Cure.

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1 An updated and role-reversed adaptation of a statement attributed to the notorious bank robber, John Dillinger: " Now nobody get nervous, you ain't got nothing to fear. You're being robbed by the John Dillinger Gang, that's the best there is! "