United States v. Defendant(s) Case Number 2011R00248 and Court Docket Number 13-CR-00650 United Sates v. Defendants Walter Ng and Kelly Ng
There’s been some talk on this site about Walter & Kelly’s sentencing. And we’re aware that it’s not just us victims reading this site anymore. We have readers from the media as well as law enforcement/judicial. There’s a lot to learn here about what these crooks did to us and how they stole our hard-earned money.
Life isn’t fair sometimes and we’ve received the short end of the stick in terms of this investment and the fallout that has ensued. Here’s to the legal system dealing a knockout punch to the hucksters who robbed us blind.
The enclosed information is provided by the United States Department of Justice Victim Notification System (VNS). As a victim witness professional with the United States Attorney’s Office, my role is to assist you with information and services during the prosecution of this case. I am contacting you because you were identified by law enforcement as a victim during the investigation of the above criminal case.
The sentencing hearing for defendants Walter Ng and Kelly Ng has been set for March 5, 2014, 2:30 PM at Courtroom 1, 4th Floor, 1301 Clay Street, Oakland, CA before Judge Phyllis Hamilton. You are welcome to attend this proceeding; however, unless you have received a subpoena, your attendance is not required by the Court.
Just accept the plan. It’s the best we can do. Wells Fargo didn’t do anything wrong. We’re not in cahoots with the Ngs. We weren’t chosen by the Ngs. Our counsel wasn’t chosen by the Ngs. We’re independent. We’re looking out for you. We have your best interests at heart. We know more than you. You don’t understand. You’re not smart enough. You should trust us.
Sick and tired of hearing these insulting types of comments made by members of the creditor’s committee and Walter and Kelly’s friends? Vote to REJECT the plan.
When Robert Brower, Dixon Collins and many, many others who have fought tirelessly on behalf of the 99% are telling us to REJECT THE PLAN, throwing up your hands and siding with insiders (the 1%) who are covering their own asses is the wrong solution. Reject the plan. Reject the notion that you can be duped AGAIN.
Fool me once shame on you. Fool me twice shame on me.
RE Loans filed for bankruptcy. While this was inevitable, no doubt, it’s still a shock to the system. Despite the fact that it’s our money, our lives and our futures, the real bankrupt entity is the Ng Family Dynasty. They’re morally bankrupt. They’re ethically bankrupt. Yet they’re still out there doing business and tricking more suckers like us out of their hard-earned savings.
Maybe Led Zepplin said it best in “When the levee breaks”
If it keeps on rainin’, levee’s goin’ to break,
When The Levee Breaks I’ll have no place to stay.
Mean old levee taught me to weep and moan,
Got what it takes to make a mountain man leave his home
Thanks to bluemoonagency for the heads-up. After eight days of silence, Team Weissenborn finally found the time to give the peons an update. Why is the update dated December 6th, yet posted two days later? Bigger questions exist, however. While Weissenborn’s memo is short, it says a lot and leaves us pondering the following:
How much existing debt remains outstanding?
What is the existing interest rate?
New advances? For what? Please explain.
New advances “accrue interest at a 4% higher rate”. Higher than what? The existing interest rate?
We are being conditioned to accept the fact that Weissenborn and his cronies will take out a new loan in an effort to pay off the WFF LOC, again subordinating noteholders to junior status. We know what a new line of credit means. It means our money is gone and Weissenborn, Lend, Inc. and all the others eating and drinking from the Bar-K trough are getting fat and happy at our expense, laughing all the way to the (offshore) bank.
Anyway, mark your calendars for February 28, 2011!
There has been very little public discourse about the Olympia Brewery in Tumwater, WA (Loan #A00977 if you’re scoring at home). This is a weird one. The property is a hot potato. First All American Bottled Water owned the property. Then they defaulted. Who scooped it up? One of Barney’s companies, Well Be Ng — or was it Capital Salvage? — anyhow, it now looks like RE Loans has claimed title on the defunct brewery. There are a ton of unanswered questions, but I’ll pose just one today:
Who received the 3 x $1.76M from the cities of Lacey, Olympia & Tumwater? Was it Well Be Ng, All American Bottled Water, RE Loans or one of the B-4 individuals?