RI Special Master Merrill W. Sherman - Former Banker - Corrupts Federal Foreclosure Order

Now that her body of work is in...let's face it. Merrill W. Sherman is just another fraud.

First, a little background...

U.S. District Court Judge John J. McConnell, Jr. issued an Order on August 16, 2011 (the “Order”) staying “all mortgage foreclosure cases currently pending in the United States District Court for the District of Rhode Island .

Below is a copy of the Order.

Special Master 1-5-2012 by chunga85

At the time, Judge McConnell's Order looked very promising. In particular, the quotes below:

"Order the appearance of any persons necessary to settle any claims…"

"Order the appearance of any persons necessary to settle any claims completely and or order the appearance of any non-parties, including but not limited to municipal and other government officials and lien holders, that may be essential for a total resolution of the claims;"

That sounds great, doesn't it? Let's get some discovery going here! All these fine institutions seeking to foreclose won't be able to file "protective order" motions and be forced to actually prove they are entitled to foreclose on anybody.

After all, each and every lawsuit filed was done so with great specificity. Not one of them is a boiler-plate "banks are bad" suit. Every plaintiff under the Order is entitled to be heard and none of them have.

Fast forward two years later and let's see if we can identify any problems.

As a part of Special Master Sherman's efforts to get to the bottom of this, she enlisted the services of a technical company to establish a "database". The curious reader may ask "so what is in this database?".

OK, I'll tell you what's in there.

• The plaintiffs' names and addresses and the amount alleged to be owed.

• The defendants' names and addresses.

• The accounting status of the plaintiffs' "Use and Occupancy" payments payable to the "Office of the Special Master".

That's it. There is nothing else.

What happened to the lawsuits? Where did they go? And the allegations made by the plaintiffs? Did they just disappear? It appears that *poof* all of that just vanished and no longer exists.

Let's look again at the authority that has been imbued to the Special Master by Judge McConnell:

"Order the appearance of any persons necessary to settle any claims…"

"Order the appearance of any persons necessary to settle any claims completely and or order the appearance of any non-parties, including but not limited to municipal and other government officials and lien holders, that may be essential for a total resolution of the claims;"

As of this moment not one single person has been ordered to do anything. Not one single subpoena has been ordered. There has been absolutely no discovery permitted whatsoever.

None.

The allegations made by the plaintiffs haven't been glossed over; they have been completely ignored!

With this "database" up and running all the "Special Master" has to do is run a report by tapping in the plaintiff's name and WHAMMO.

There's your deadbeat!

I think it's kind of late in this game, but I humbly suggest adding the fields below to the Special Master's "database".

Until then I will refer to it as the Special Master's personal MERS:

• Mail fraud (state and federal)
• Wire fraud
• Multiple FDCPA violations
• Multiple state debt collection violations
• Unfair and deceptive acts and practices under state law
• Conspiracy
• Money Laundering
• Probable RICO violations
• Fraud upon the court and/or Bankruptcy fraud
• Uttering a fraudulent document
• Fraudulent conveyance
• Slander of title
• Financial institution fraud
• Securities Fraud
• Tax Evasion
• Forgery
• Identity Theft

I'm quite sure this list could go on and on; but you get the point.

How long has this international Ponzi scandal gone on? We've had "robo-gate", state AG's chest-thumping about putting people in jail, "consent order" flops, LIBOR, it's totally insane and it never ends.

We've been beating those horses for so long we're now finding it in our food.

Was it ever realistic to expect anything else out of a banker? At first, I suppose, a banker would seem likely to understand the complexities involved, and the Special Master did receive the benefit of the doubt.

Not anymore. The Special Master has spent zero time looking at any of the bad acts perpetrated by these banks...and has not missed any opportunities at taking pot-shots at the plaintiffs and their counsel.

Here is something to ponder while considering if Merrill W. Sherman was/is the right person for this task.

Merrill W. Sherman

"Ms. Sherman joined the Board of Directors in January 2012 following the Company's acquisition of Bancorp Rhode Island, Inc., where she had served as President and Chief Executive Officer of both Bancorp Rhode Island, Inc. and its subsidiary, Bank Rhode Island, since its formation in 1996. Previously, Ms. Sherman served as President and CEO of two other New England community banks. Ms. Sherman is very active in the Rhode Island community and, in addition to chairing the Board of Trustees of the Rhode Island School of Design, she plays a leadership role as a board member of a number of other non-profit organizations."

Bancorp Rhode Island, Inc.

Compensation for 2010

Options Exercised for 2010

Brookline Bancorp, Inc.

Stock Ownership for 2012

Former BankRI CEO Lands $300/Hour Gig Mediating Foreclosures

Is she really the right person for the job? You tell me.

Personally, I don't think so.

These people are as blinded by their avarice as the Bourbon monarchs once were.