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Occupy Los Angeles Targets Deutsche Bank with Series of Actions for Fraudulently Foreclosing and Evicting American Families & Ignoring U.S. Laws

on November 02, 2012

Here's a press statement from Occupy Fights Foreclosure in advance of actions today in support of Fort Lucero and against Deutsche Bank:

 

Home owner protection organizations and community members will be meeting at the Lucero residence at 4748 Hammel St. in East Los Angeles at 9:30am and leaving at 10am for a series of direct actions targeting Deutsche Bank. These direct actions will expose the fraudulent business practices of this foreign bank against the citizens of Los Angeles, serve as a show of solidarity between homeowners and activists internationally. We call on law enforcement and city officials to represent their constituents, not the interests of foreign bankers.

#FortLucero is a home defense that was created to stop Deutsche Bank from fraudulently foreclosing on the Lucero's home. The Luceros hold a federal court-ordered stay through the 30th of November. Deutsche Bank promised to investigate the case, however, during negotiations their attorneys issued a second eviction. At 6am on Halloween morning, five squad cars of the Norwalk Sheriffs department arrived at #FortLucero issuing the Luceros and their children a five day notice to vacate. This bank action is a direct response to Deutsche Bank’s continued lack of ability to negotiate in good faith and respect both domestic laws and court orders.

According to U.S. Attorney Bhara: “Deutsche Bank ignored every type of red flag and breached every duty of due diligence before underwriting thousands of federally insured mortgages,” but after paying a 202 million dollars settlement to the federal government, state authorities fail to prevent Deutsche Bank from illegally possess American homes.

Contact: Carlos Marroquin (323) 592-4663 Alissa Kokkins (323) 839-5668

WHO: The Lucero Family, Occupy Los Angeles, Occupy Fights Foreclosures, Home Defense Alliance, Community of East Los Angeles.

WHAT: Rolling actions against Deutsche Bank to begin in Los Angeles, followed by Occupy Frankfurt, Occupy Berlin and Occupy Brussels

WHY: There is a recorded pattern of Deutsche Bank AG ignoring U.S. laws and abusing housing rights in Los Angeles. Despite being inlitigation with the City of Los Angeles and with the Federal government about their corrupt business practices, Deutsche Bank continues to fraudulently foreclose on American homes. The Lucero family has been served with a five day notice to vacate.

WHERE: Deutsche Bank National Trust Los Angeles Headquarters, 300 South Grand, Los Angeles, CA 90071, this action will be followed by two other targets. Due to the sensitivity of the locations we will be releasing the addresses during our first action at 11am.

WHEN: Friday November 2, 2012 starting at 11am

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