Visitors Now:
Total Visits:
Total Stories:
Profile image
By American Everyman (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Anonymous Publishes Bank of America Employee Emails

Monday, March 14, 2011 14:15
% of readers think this story is Fact. Add your two cents.

(Before It's News)

by Scott Creighton

This situation has so many “get out of jail free” cards built into it, I’m surprised that Anonymous published this.

Jason Vaughn says he doesn’t want to be anonymous. He wants his real name to go out as an inspiration to other Bank of America employees who wish to bravely follow his lead.  But later, in a different email, he makes mention of finding a way to “monetize” this situation, which of course he couldn’t do if he was anonymous, so take that for what it’s worth.

Anonymous’ big release of emails about Bank of America is slightly disappointing to say the least.

What we have is a whistle-blower, Jason Vaughn, sending emails to anonymous and forwarding some other inner-office emails about Bank of America’s forced insurance program through a company called Balboa Insurance Group. Apparently the emails Mr. Vaughn provided Anonymous detail a process by which Bank of America and Balboa schemed to hide certain documents from federal authorities, making them so they won’t show up through their tracking system when an audit or review is performed.

Interestingly enough, it is Jason himself, acting on behalf of Balboa, who sends a list of some 60 GMAC DTNs that need to be removed from Tracksource and then another Balboa employee, Joanne Anderson, who claims they can’t remove them but they can remove the loan numbers. After they go back and forth they find a way to hide the cases that Jason himself wanted hidden, the upper management approves the process, and then the very next day on Nov. 2 2010, Jason sends her an email saying “this is wrong” “why are we doing this”… ?!? 

What? Jason was the one who started the whole process off in the first place.  And now here he is “blowing the whistle”?

First of all, this is very similar to a Wikileaks “leak” in that we already know there is a great deal of mortgage fraud taking place right now, regardless of what the bullshit Fed review says.  The when the details of the loans that he lists come out, I am sure that it will be clearer at that point as to the extent of the fraud committed by BOA.

Now this guy, Jason, admits that he is blowing the whistle, not out of some sense of moral outrage, but rather because of what BOA did to him. Basically, they cut him off. He admits that were he offered the work at home job he had “deserved” then he wouldn’t be doing this and he would be going along with the broken system to this day. In that email to Anonymous, Jason states that he wants people to know that one person can stand up and do the right thing, but of course, had he not been fired, according to the email, the “right thing” would be sitting on his couch watching cartoons and getting paid by BOA.

Jason also talks about how Bank of America is becoming like a cult of sorts.  This is not news. The corporate mentality is very cult-like within any large corporate entity. Very prevalent is the notion that if you betray the corporation, you are betraying your fellow employees. This is cultivated in large corporate entities these days. Spending off-work hours together, inner-office romance, even buying homes in the same communities… all of these things, corporations found out years ago, adds to the sense of corporate cohesion, tightening the bonds between employees and the company.

It makes the entire world of the employee seem dependent on remaining in the good graces of the company and in many ways, it actually is dependent on that. Just take for example how Jason himself admits that he was a dedicated employee of BOA through-out his 20s. Now that he has been expelled, he feels his life is basically over. This is what the corporate model looks for.  Abject dependency. Clearly it worked on Jason.

Now, this is only the first part of this “leak” but I have to say, it seems disappointing to me.  This is Anonymous… these are the hactivists… why do they need emails sent to them by Jason here, an obviously disgruntled employee who would rather be still working for BOA sitting on his couch? 

Of course there is rampant fraud in the banking and mortgage industry right now.  But from the looks of his emails, it seems that Jason himself initiated this action… his email is the first in the series and it’s Jason asking to remove or hide those 60 loan records from the system.

Overall, it’s something I suppose, but it’s clearly got more than enough built-in ammo for BOA and their PR teams to discredit it easily as either the bitter ex-employee trying to get back at them or profit from this (as he does mention “monetizing” the situation) or they could even make a case that the whole thing was a set-up by Jason in the first place since it seems like it was Jason himself who set this fraud in motion.

Actually, I am a little surprised anonymous would go for this and I am sure I am not doing myself any favors by pointing all of this out on my site.

Frankly, after their video talking about going after the Fed and the Bank for International Settlements (I don’t know of ANY other site aside from this one who is talking about them) I expected a lot more from Anonymous than a disgruntled ex-employee who would rather be working for BOA on his couch watching cartoons all day. Looks to me like someone might be setting Anonymous up with this one. Or, something else. 

Either way, disappointing.

Read more at American Everyman



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.