UH student investigates ORIX

I read the Pretadorix article about the work of Cyrus Rafizadeh with both interest and admiration. It is about time that Texas revamped its lending codes to prevent this sort of bullshit from happening to its citizens. The same goes for the United States Code. A little off topic, I think it is time for the "contract for deed" to be abolished as well.

most interesting was the quality of financial background info given in this article. though i am not keen about conspiracy nuts, the article gives pause for thought about how money is moved through certain industries. also, i can understand the passion of the young man trying to defend his mother's honor - however misplaced. i am sure we all got suckered punched that way once or twice by our parents before we had our rude awakenings - parents make mistakes. i guess i took the other things he was doing with a grain of salt however, his passion to defend stood out. the ironic thing is, he will probably wind up being an attorney defending and/or justifying slum lords' activities.

lf

I love free-newspaper articles that try to sound educated.

Please explain the following:

"In 2005, a year after the story ran, ORIX sold its special servicing operation to a company called KeyCorp. Last January, KeyCorp's former senior vice president pleaded guilty to charges of fraud. He had embezzled $40 million from the company, most of which he used to buy his girlfriend gifts like a $5.6 million home in the Hamptons and a 12-carat diamond ring.)"

How does the sale of a mortgage servicing unit to the 3rd largest (at the time) US commercial real estate lender, Key, have anything to do with an executive who defrauded Key by writing European loans? European loan fraud vs. domestic real estate? Hmm... Where's the connection?

check out the truth about Cyrus Refizadeh (or however it's spelled) and his criminal family at my site. These idiots are going to Jail.

http://www.49mb.com/users/thetruth/bankruptcy.pdf
http://www.49mb.com/users/thetruth/fraudjudgment.pdf
http://thetruth2008.100webspace.net/bankruptcy.pdf