- Report: #113940
Complaint Review: Ocwen - West Palm Beach Florida
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Ocwen
1665 West Palm Beach West Palm Beach, 33483 Florida, U.S.A.
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Ocwen Technology Xchange defrauding customers using a loan program that fails to work 35% of the time Congressman Shaw has started a Congressional Investigation into Ocwen West Palm Beach Florida
A few weeks ago I submitted a petition to Congressman Shaw office asking for a investigation into Ocwen actions during the Sarbanes Oxley 404 assessment that I performed for the company.
I have received a letter from Congressman Shaws office notifing me that an investigation has been started.
I have also been in contact with the Senate and House Committee on Corporate Finance Reform and both are also looking into Ocwen.
This company is defrauding customers using a loan program that fails to work 35% of the time. They intentionally deleted data that showed how poorly their environment is maintained and then tried to file suit to keep the information from being disclosed.
This company is criminal and its time they were stopped.
Richard
Delray Beach, Florida
U.S.A.
I have received a letter from Congressman Shaws office notifing me that an investigation has been started.
I have also been in contact with the Senate and House Committee on Corporate Finance Reform and both are also looking into Ocwen.
This company is defrauding customers using a loan program that fails to work 35% of the time. They intentionally deleted data that showed how poorly their environment is maintained and then tried to file suit to keep the information from being disclosed.
This company is criminal and its time they were stopped.
Richard
Delray Beach, Florida
U.S.A.
4 Updates & Rebuttals
Richard
Delray Beach,Florida,
U.S.A.
How to contact the SEC
#2UPDATE EX-employee responds
Sun, November 28, 2004
Melinda Go to www.sec.gov and you can file a complaint online. To contact the Finance reform committee Graham, Bob - (D - FL) Class III 524 HART SENATE OFFICE BUILDING WASHINGTON DC 20510 (202) 224-3041 Web Form: graham.senate.gov/email.html
Melinda
Delray Beach,Florida,
U.S.A.
How can we contact these committees to detail our concerns
#3Consumer Comment
Sun, November 28, 2004
I have contact Congressman Shaw regarding my dealings with this unethical company. How can I also contact the SEC and the House and Senate Committee on Corporate Finance reform. If there is any one else we should contact please let us know and I know that I will gladly do so.
Richard
Delray Beach,Florida,
U.S.A.
Letter to Ocwen Legal Council
#4UPDATE EX-employee responds
Sun, October 24, 2004
In keeping everyone in the loop on the Congressional investigation into Ocwen, a copy of the letter that I received from Congressman Shaw office was sent to Jones, Foster Johnston and Stubbs, 505 South Flagler Drive Suite 1200 West Palm Beach, FL 33402 561-659-3000. After receiving a Claim of Injuctive Action from Ocwen for reporting their activities during the Sarbanes assessment that I performed, I gather signatures from people Ocwen has been robbing. This information was submitted to Congressman Shaw office along with the complete report that Ocwen has been attempting to supress. At this time the SEC and the House and Senate Committee on Corporate Finance reform are actively involved. A local news station has attempted to contact Ocwen and their attorney in this matter and they have failed to respond. A motion to dismiss Ocwen claim has already been submitted to the court and a counter suit has been presented to Ocwen council which they have failed to respond to at this point. Batter up Ocwen
Robin
Waldron,Arkansas,
U.S.A.
The Great OCN Stock Tumble has begun; is this the reason?
#5Consumer Comment
Sat, October 23, 2004
Coinciding with the date this report was posted, Ocwen stock began to fall FAST!! Could this be the reason? Congressional inquiries spooking the investors? Whether Ocwen suffers from frauditis or plain ineptitude or a little of both is immaterial. Ocwen's "errors" have caused untold heartache all over America. It has torn apart countless lives in its reckless quest for profit. Solid proof presented to Ocwen which would have enabled it to repair the mistakes of its faulty program remains ignored while Ocwen rides merrily on the foreclosure wagon. Once in motion there seems to be no way to reverse the course, solid proof or not. This is a symptom of very bad business and leads me to believe that Ocwen does not care whom it harms. I would like to say "Thank You" to Richard for stepping up to the plate and taking this information to a higher authority. Your efforts have not gone unnoticed. If possible, updates would be appreciated. I realize much of these investigations remain under wraps until the end; I will be awaiting the outcome with hope. (And trying not to remember the 1999 FDIC audit which found these accounting irregularities, but allowed them to continue on to this day.) Government ostriches (with their heads in the sand) do not always get the job done. Hopefully, the added scrutiny will spur them into doing their jobs!
