FAO: SECRETARÍA GENERAL, SERVICIO DE RECLAMACIONES
UNIDAD DE SECRETARÍA DE EXPEDIENTES
The Banco De Espana
Madrid
SPAIN
19th January 2013 Ref Complaint No: R-201209520
Estimado Sr.
Re: CAM Bank and Fraudulent Mortgages granted Solera El Trampolin, Murcia
I am writing to you, yet again, in connection with my complaint number R-20120952 a letter for which I make no apology being written in English; I say “no apology” since it is my intention to openly “publish” this letter in order that others may comment upon your in-activity when clear cases of fraud are presented to you.
The Financial Times have published recently several articles about the Spanish Banking crisis but one in particular focuses very clearly upon yourselves. The Financial Times, probably one the most highly regarded “Financial Journalistic Mediums” in the World, produced an extremely accurate and informative article on January 10th 2013 ( a copy of which I have attached to this letter). I have printed below an extract from that “feature” which perhaps typifies the actions you have shown with regard to my particular case … A BLANKET DENIAL!
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You were shown by me at best CLEAR EVIDENCE of either “Gross Negligence” by CAM Bank in the granting of Mortgages and at worst evidence of Bank Employees actually being complicit in that fraud. Your statement above is not only inaccurate but is a total lie!
Other articles published by the Financial Times centre upon the “problems” of Bankia but perhaps the “wholesale” corruption within CAM Bank has not yet been fully exposed. How will you then react? With the same statement “ There has been no wrongdoing. ….”. With the five senior Executives currently released upon bail totalling some 25,000,000.00€ how can you possibly make such a false and misleading statement.
In the case which you have “supposedly” been investigating CAM Bank … who forever will now probably be known as SCAM Bank … granted Mortgages against “Forged Documents” supposedly signed by Purchasers of Solera El Trampolin (examples of which you have been shown) against hugely inflated valuations in order to (a) improve the asset / loan ratio of the Bank whilst (b) allowing their client to draw down funds of a greater amount than the intended purchase price. In my particular case the property was being purchased for 280,000€ and was valued by the bank at 390,000€ ... today the property is probably only worth 150,000€! My own situation made worse by the fact that the Developer sold my house twice in a Criminal act leaving me some 200,000€ out of pocket. My particular case is to be resolved in the Criminal Courts on 22nd February but this not negate the responsibility of the “Lender” … CAM Bank … to ensure that the Mortgage Application is LEGAL and NOT FRAUDULENT as in the case of Trampolin.
In short, exactly as was stated in “El Pais”, the Bank of Spain are simply “looking the other way” even after you became aware of such fraudulent activities. CAM Bank were advised of the fraud taking place at Trampolin and did nothing about it … WHY? I suggest because they were aware that the applications were fraudulent!
As I said at the outset of this communication I intend to openly copy this communication to the media and other interested parties in the hope that you will finally “open your eyes” to exactly what has been going wrong right in front of you.
Yours faithfully
Andrew Wilford
CC: Sabadell Cam
This message was last edited by Andrew Wilford on 19/01/2013.