$43 trillion conspiracy troll.
38 2012-10-28 by flyingtyrannosaurus
The supposed lawsuit "abeel v. bank of america" doesn't exist on any government website. The case is supposedly about to be heard by the Supreme Court of New York. There would have to be several appeals before the supreme court of New York even heard this case.
I can't find any record in the media or on a .gov website of The supposed lawsuit "abeel v. bank of america".
I'm inclined to think that there isn't a $43 trillion hearing at all. Anybody with a lawyer can file a suit, but as soon as a hearing is scheduled, you can look that shit up on a .gov website. Even if they did file a lawsuit, it wouldn't be heard by the NY Supreme Court out of nowhere.
Give me a break... Somebody's trolling. Look at the language they used in the article. A lawsuit against the "banksters"?
Sounds like anonymous hacked somebody's account and posted a manifesto. The original article wasn't even CNBC.
I'm not a shill. I'm not a troll. I'm skeptical. Show me a .gov record of this lawsuit?
39 comments
14 tamrix 2012-10-28
It's here if you want it https://ecf.nyed.uscourts.gov/cgi-bin/iqquerymenu.pl?333833 however you need to register. Here's a free less informative copy http://dockets.justia.com/docket/new-york/nyedce/1:2012cv04269/333833/
10 kyr 2012-10-28
Yeah, seems like someone was able to slip that article in somehow, and a few lazy news sites just copied the story verbatim from the wire without looking at it, giving conspiracy theorists everywhere a hard-on.
Then they realized their mistake, took the article down, inciting the conspiracy even further. Seriously, the immature use of "bankster" everywhere throughout the article alone means that no respectable news organization would knowingly run it, no sinister government censorship necessary.
Comtex seems to be a news aggregator, pulling in articles from a multitude of sources and providing them to downstream subscribers like CNBC in a standardized format. With the amount of sources and stories that go through them, I'm not surprised that they don't check them.
They got the story from PR Newswire, which you can hire to publish your company's press releases and the like. They probably just publish whatever you pay them for.
Edit: Both spire-law.com and spirelawgroupllp.com are registered through Domains By Proxy, LLC. Not proof of anything, but certainly strange for a respectable firm. Their website does not list any office address, only an email address, a phone number and a contact form.
It does however list their bar number as "California State Bar Registration Number 54393". The State Bar of California website says it belongs to "Marjorie Ellen Reed", who "is resigned and may not practice law in California." Since 1999, inactive since 1997 even.
Edit2: Apparently, Spire Law LLP was previously Mitchell J. Stein & Associates LLP, who have been sued for "fraudulently [inducing] struggling homeowners nationwide to pay thousands of dollars each to file mass lawsuits against their mortgage lenders." Can't find the result of that suit, though.
Edit3: Further googling reveals more allegations against them. In general they appear to be incompetent at best and fraudulent at worst, making absurd promises to clients suing banks and others in relation to the financial crisis. California State Bar says Mitchell J. Stein is "Not Eligible To Practice Law" since the beginning of 2012, though it's hard to tell if he's still involved with this as the website doesn't list a single name.
3 PublicIntelAnalyst 2012-10-28
Apparently, that's how Spire Law actually referred to them in their own press release. Don't shoot the messenger.
2 kyr 2012-10-28
That's because it is Spire Law's press release.
No news organization ever really wrote about this themselves. Spire Law released this statement through PR Newswire, which you can pay to publish your press releases. PR Newswire syndicates to Comtex, which in turn CNBC and Marketwatch are subscribed to and copied the press release verbatim from. No one but Spire Law themselves had any input on the article, that's why it is such a mess.
Now Marketwatch actually states that it's a press release and displays the PR Newswire and Comtex logos, but CNBC just published it as a normal news piece apart from the "/PRNewswire via COMTEX/" at the start of the article.
2 PublicIntelAnalyst 2012-10-28
Yeah. My comment was a tl;dr of your longer explanation. Thanks for clearing it up for anyone who didn't understand my point.
2 [deleted] 2012-10-28
The Court i read that had the case was in Brooklyn New York. Nothign there? Number : 12-cv-04269-JBW-RML
1 kyr 2012-10-28
Spire Law's press release says
That case number brings up this complaint document, which appears to have been filed in April. It cites the index number 500827/2012, but looking that up here just brings up an unrelated small claims case against the town of Monroe. Maybe I just don't understand how NY court case and index numbers work, though. I'm also unable to find the case by searching for the firm or the first plaintiff in the complaint (Abeel).
2 Slipgrid 2012-10-28
https://ecf.nyed.uscourts.gov/cgi-bin/iqquerymenu.pl?333833
10 XtheXlanternX 2012-10-28
The Supreme Court of New York is the trial level court in New York. Sounds absolutely stupid, but its the truth. The More You Know :)
Still, $43 trillion is ridiculous. There is only estimated to be around $75 trillion in all of the world's economies combined.
6 [deleted] 2012-10-28
Does that include derivatives?
6 [deleted] 2012-10-28
Yeah I've heard that derivatives supposed total value exceeds a quadrillion. edit: $1.2 quadrillion source: http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/
2 dieyoung 2012-10-28
No, and that's why $43 trillion is not that insane of a number. The LIBOR scandal implicated the Fed and most of its primary dealers, the banks who directly benefit from the Fed's zero interest rate policy (read: cut in on the counterfeiting ring) and exposed the manipulating of the LIBOR rate which was the basis for a derivative market valued at $350 trillion - $1.2 quadrillion, depending on the source. Changing just a ten-thousandth of a percentage could potentially yield them millions, if not billions in extorted wealth, on a consistent basis since likely around 2008. Still, I don't think this case is real, as much as I wish it was. We'll see what happens I suppose.
1 XtheXlanternX 2012-10-28
No, this is only actual money. The derivatives market is likely much, much larger, but doesn't actually correspond with any tangible money/assets.
3 [deleted] 2012-10-28
So where is it estimated that the entire world economy is only worth 75 trillion? I am quite sure certain banking families are worth more than that.
2 d3sperad0 2012-10-28
That's world GDP and it's closer to 70 trillion a year. The total wealth in the world is likely much higher than that even without the quadrillion dollar derivative market.
4 PublicIntelAnalyst 2012-10-28
What about the murder that same day? http://redd.it/126341
2 Anonymous_Upvote 2012-10-28
This does strike me as fascinating. Though, I'm sure that through extremely rare circumstances that it was just a coincidence.
4 ronintetsuro 2012-10-28
If the US GOV has taught me anything, coincidence is much much more rare than the popular zeitgeist affords for. Especially when the US GOV is involved in some way.
3 bumblingmumbling 2012-10-28
Benjamin Fulford could file it, because he has Ninjas.
3 BullsLawDan 2012-10-28
Someone that's truly "skeptical" would at least have enough sense to find out that the "NY Supreme Court" is the trial level (meaning, the place where new lawsuits are filed) court in NY. Therefore, no, it would not go through "several appeals" before it got there. The highest court in NY is the Court of Appeals, 2 levels above Supreme Court.
2 dabeast17 2012-10-28
Yahoo had this up in April of this year.
http://finance.yahoo.com/news/home-owners-across-nation-sue-040100659.html
2 [deleted] 2012-10-28
This would be such a huge story if it was true, especially now if those murders were related. What can I do to research this? THis is very important we find the truth of this lawsuit.
4 [deleted] 2012-10-28
I just got a message from a friend who said she is reading the 800+ pages of the lawsuit, so I think it's real,waiting to hear back from her to get a link to the copy.
2 no1113 2012-10-28
Report back and let us know what she finds out.
2 [deleted] 2012-10-28
here is a link to the document: http://img41.imageshack.us/img41/5857/usaracketeeringonmortga.pdf
1 no1113 2012-10-28
Wo. That's a lot of pages.
1 Trainasauruswrecks 2012-10-28
So was this not posted to the site?
4 Trainasauruswrecks 2012-10-28
Wait, it was cached. So it WAS on the site. Now I'm not saying the information in the post was legitimate. BUT the post went up and then an unlikely multiple murder took place. Soooo as conspiracy goes the correlation is there regardless of the provided information.
1 Calibas 2012-10-28
From what I understand, the original source, PR Newswire, will publish any article you want, for a price.
1 [deleted] 2012-10-28
here is a link to the full document (pdf). This is REAL. http://img41.imageshack.us/img41/5857/usaracketeeringonmortga.pdf
0 liesperpetuategovmnt 2012-10-28
Unless the government says it happened it didn't happen
-2 Stooooooopid 2012-10-28
This sounded too good to be true.
-2 noname-_- 2012-10-28
Sounds about right.
-5 herpaderp2026 2012-10-28
Good luck with that here on r/conspiracy!
3 Slipgrid 2012-10-28
https://ecf.nyed.uscourts.gov/cgi-bin/iqquerymenu.pl?333833
-1 CollectCallFrom 2012-10-28
you ARE a herp a derp aren't ya?
1 herpaderp2026 2012-10-28
By your name, I can assume you're a sponge on others. See? Two can play that game. :D
1 CollectCallFrom 2012-10-28
I was basing my statement off of the content of your paste. I've never made a collect phone call, you've clearly herped a derp in your day
1 herpaderp2026 2012-10-28
Uh, ok. That makes so much sense! /s
4 Trainasauruswrecks 2012-10-28
Wait, it was cached. So it WAS on the site. Now I'm not saying the information in the post was legitimate. BUT the post went up and then an unlikely multiple murder took place. Soooo as conspiracy goes the correlation is there regardless of the provided information.
2 Anonymous_Upvote 2012-10-28
This does strike me as fascinating. Though, I'm sure that through extremely rare circumstances that it was just a coincidence.