January 13, 2012
Contact: Cheryl Aichele
310-912-3494

OCCUPY LA FIGHTS FORECLOSURES ON FRIDAY THE THIRTEENTH Occupiers Rally against Auctioneer and Bank that Profit from Foreclosures and Evictions in Los Angele

MORNING ACTION

WHO: Occupiers
WHAT: Auction Disruption & Rally
WHEN: January 13, 2012 assemble at 9am; march at 9:30am
WHERE: Assemble at Pershing Square then march to Sheraton 711 S. Hope Street

AFTERNOON ACTION

WHO: Occupiers, Homeowner Advocates, Community Activists, Religious Leaders, the Parkers and Chaplin Herrera
WHAT: Rally and Press Conference
WHEN: January 13, 2012 from 11am - 1pm
WHERE: 400 S. Hope Street


FOR IMMEDIATE RELEASE 

OCCUPY LA FIGHTS FORECLOSURES ON FRIDAY THE THIRTEENTH
Occupiers Rally against Auctioneer and Bank that Profit from Foreclosures and Evictions in Los Angeles

LOS ANGELES – Members of Occupy Los Angeles hope to create a day of bad luck, this Friday the 13th, for Auction.com and Bank of New York Mellon who profit off of the foreclosure of LA families.

Occupy LA (OLA) targets the auction company because it sells problematic foreclosed homes and OLA targets Bank of New York Mellon for their questionable mortgage transgression against American families and for going to court this week to try to evict Occupy Pittsburgh from their encampment.

Both companies profit from foreclosures on Angelenos like a 79-year-old retired school teacher, Faith Parker of South Central, and on 63-year-old Chaplain Bertha Herrera of Van Nuys. Member of Occupy LA have rallied around these two elderly women to protect them from such wrongful and harmful actions.

In a how-to video at Auction.com, the narrator says Action.com works “in conjunction with some of the largest financial institutions”. Bank of New York Mellon (BNYM) is one of the world’s largest in its field

BNYM has foreclosed upon both Parker and Herrera. BNYM even evicted the Chaplain last week. Members of OLA were at her home when the Sheriff’s Deputies entered the home with weapons drawn

Friday the thirteenths have long been associated with Wall Street and Stock Market crashes. In 1907, Boston stockbroker Thomas Lawson published a book called Friday the Thirteenth, which told of a devious broker’s endeavor to take advantage of the superstition to create a Wall Street panic.

Members of Occupy Los Angeles (OLA) believe that Bank of New York Mellon (BNYM) has created its own panics with Americans and Occupiers through foreclosures and evictions.

This week, BNYM went to court in Pennsylvania with a lawsuit to make Occupy Pittsburgh’s anti-wall-street protesters leave a downtown bank-owned green space, known as Mellon Green. In court testimony, BNYM claimed they feared a confrontation with the Occupiers in Pittsburgh.

To aid a nationwide confrontation between BNYM and the Occupy Movement, OLA has reached out to other occupations in each one of the cities that BNYM has offices in and invited them to join in on their Friday-the-13th-day-of-bad-luck protests against BNYM.

These protests come as BNYM works out a settlement with the U.S. Attorney’s office to settle a lawsuit accusing the bank of overcharging customers and pension holders on foreign currency transactions.

U.S. prosecutors have sued BNY Mellon for defrauding public pension funds of $2 billion over 10 years. The U.S. Attorneys are joined by State Attorney Generals and other officials in Virginia, Florida, Massachusetts, and some California counties, including Los Angeles, that have filed similar complaints. BNYM has already agreed to pay $1.3 million in damages to three of the states.

Occupiers remain determined to hold BNYM and Auction.com accountable for all their frauds.

 

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*This press release has not gone in front of Occupy LA’s General Assembly for consensus therefore it is not an official statement from Occupy LA but was prepared by individual members of Occupy LA.

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published this page in News 2012-03-24 20:03:54 -0700
Why stay home when you can save a home?
Occupy Fights Foreclosures, affiliated with OccupyLA, stands up against the nationwide foreclosure crisis. We support, educate and empower homeowners at risk to save their homes from fraudulent foreclosure.