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Forum Post: The truth about those of us on the bottom rung of the real estate collapse.

Posted 13 years ago on Oct. 10, 2011, 6:39 p.m. EST by laviyah (4)
This content is user submitted and not an official statement

My name is Ayanna Israel, also known as Laviyah, co-creator and owner of Ste Martaen a vegan gourmet cheese and catering company in Chicago, IL. I am the mother of four children and the wife of Jeffrey St. Martin aka Nahum, founder and creator of Ste Martaen. He was sentenced to prison after being coerced into a guilty plea in order to save my mother and me from further harassment by the Cuyahoga County Prosecutor’s office. He and I used to work in the real estate industry as property owners and loan processors. As loan processors we worked first hand with banks that encouraged our clients to extend their credit beyond traditional limits. In our court case, the banks were named the “victims” and we were charged with “tricking” the banks into doing sub-prime loans. When the legal process first began for us back in 2006, we stated repeatedly that we didn’t do anything the banks were not fully aware of or encouraged. It is now 2011 and this truth is now widely known and well documented -- to the extent of documentaries, news reports and the federal government suing banks because they too believe that the banks by and large facilitated the real estate collapse. My husband is currently incarcerated for a crime that he did not commit. He was trained and taught by the banks themselves, which made him a very effective and efficient loan processor. He is not the only one, our clients and many others like him who made a living, worked and invested in real estate have been criminalized. They have been made to pay heavy fines and restitution towards banks that no longer exist (the state collects the money). Some of my fellow co-defendants who have been viciously pursued are: Sandra McRae (my mother & African American), Jimetrice Johnson (African-American), Prahbu Singh (Asian Immigrant), Deborah Nunoo (African American), Samuel Nunoo (African Immigrant), Baboucar Jallow (African Immigrant), Aminata Jallow (African Immigrant), Edreeysa Ashraf (African American). All including myself have been terrorized and coerced into guilty pleas. Our case was widely publicized by the media in Cleveland, but it was evident that the news stories were coming from the prosecutor’s office; filled with wild tales of religious cults, conspiracy theories and blatant falsehoods, based on more fiction than actual fact. After months and years of fighting back on our own, I am pleased and encouraged to see the populace waking up to the greed of corporations and banks. I am deeply motivated by those who have come forward to protest the injustice of the so-called justice system. I will not stop until the release of my husband and that we all may be pardoned from this grave injustice. I am just one voice among many. My case is just one case among many.
DEMAND the release of Jeffrey St. Martin and demand that the prosecutors cease and desist from targeting/prosecuting/criminalizing the minority population that was targeted by Wall Street. Jeffrey St. Martin’s petition is on our business website: stemartaen.com
He has also documented his journey on a blog: walkingintosunlight.tumblr.com

11 Comments

11 Comments


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[-] 2 points by chigrl (94) 13 years ago

Do a little research on this woman. Search her name and her husbands on the Cuyahoga County court page. You will see that she and her husband (along with several others) were indicted in a similar scandal in 2007. They overstated their clients incomes to secure a larger loan and stole the difference. They also operated as loan officers without a license in the state of Ohio without a license. I saw a similar post on facebook a few weeks ago and looked into it then. She is probably using this to garner sympathy and market her vegan company.

http://mortgagefraudblog.com/perp-walk/item/11058-thirteen_people_indicted_in_shaker_heights_ohio_mortgage_scheme

http://solon.patch.com/articles/man-gets-prison-sentence-for-mortgage-fraud-scheme-that-hit-solon

[-] 1 points by laviyah (4) 13 years ago

The reason why we started blogging was because we felt the need to share our own story because so much of what is out there is completely false and inaccurate. I have never stolen from my clients or from banks. My 2007 case and my 2010 are all part of the same set of circumstances. I was hired by a company to process loans which is not illegal. The company that hired me no longer exists, the banks that coached us through each and every loan, no longer exist. (See a pattern here?) Hundreds of African-American's and Immigrants are experiencing the same thing I have in Cuyahoga County. We invested in a dream that turned out to be completely false. If you care to learn more about my case and learn some actual facts: http://walkingintosunlight.tumblr.com/post/3649243762/part-2

[-] 1 points by hotdoghenry (268) 13 years ago

These people are crooks! They profited off their scams. They hurt allot of decent people. Let them rot!

[-] 1 points by laviyah (4) 13 years ago

I just wanted to clarify a couple of things. I have not ever been part of the 1%. Although my husband and I worked closely with banks, we were not bank executives or living a lifestyle that would even put us in the category of the 1%. We were what would be classified as middle-men. The people I have named above are regular citizens and not at all wealthy by any means. I came on here to educate people on what is happening across the country with state and local government.

The same people targeted by Wall Street are being prosecuted by state and local government. I was just an IT Instructor who got laid off. I got hired as a loan processor (not officer). When everything collapsed, I found myself the target of an investigation that has pulled me into two court cases.

Just to be clear:

The 1% don't use court appointed attorney's to fight their cases for them, nor do they sleep on the floor at a friends house with all their kids because they have no where else to stay.
The 1% don't work 80 hours a week as a single parent to rub two pennies together.
The 1% don't have 40K in school loans because they're rich and school was paid for.
The 1% don't plead out of a court case because their wondering who will raise their children if a jury blames them for the value of their house dropping to a quarter of what it was a year ago.

The truth about me is that I am not as exciting as the press, the prosecution, state or local government has made me out to be. Unfortunately propaganda wins court cases.

I'm the 99%, always have been and that makes me just like you.

I love that people are rising up, asking questions and trying to figure out a new way. I am a human being with four children to feed and a husband who plead guilty to save my mother and I. He is now in prison. I'm not on here to promote my business or my blog.

I'm on here to promote the truth, because that is what this is supposed to be about. I was inspired to share my story because my cases are directly related to what this protest is about. I am the 99%.

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

please keep us posted. i am so sorry for what has happened this is an injustice we should all fight.

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http://occupywallst.org/forum/purple-dialogue/

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[-] 1 points by mleon (53) from New York, NY 13 years ago

everyone should read this story, and although its a virtual admission of wrongdoing, we should encourage more people like this to tell these stories. We also need a way for former %1s and wrong doers to repent by telling their stories naming names, and blowing whistles of current misdeads. Wikileaks closed its dropbox, and we need something more like this, but I encourage all %1'ers who want to help to do so by leaking that expose the web of lies how the system works.

To anyone reading, this shows what happens what the %1 does to their own kind when things go south and they get found out. They find a fall guy and its the lowest man on the totem pole. I hope it makes anyone who thinks their gonna be rich and break solidarity with us think twice. Next scandal, its the hired goons who get blamed, while management is free to do it again.

So I hope any would be lackeys read this too. You help them, this is how they repay you.

[-] 1 points by MiMi1026 (937) from Springfield, VA 13 years ago

On this forum...Ive tried to explain exactly what you have posted. I too was in the housing industry and saw first hand the corruption of the banks and mortgages companies.Many builders were also a part of this collaspe. They were maniputalted by the banks.Good Luck in your endevours.

[-] 1 points by laviyah (4) 13 years ago

Thank you.

[-] 1 points by mgiddin1 (1057) from Linthicum, MD 13 years ago

I am so sorry to hear about your story.
I agree with you that many incredibly corrupt people are running the country.
I think this current crisis is all about screwing over average Americans and letting the real criminals go free.
The bright side is that I think people are waking up. I don't think OWS is going to go away. The people have had enough. We may not agree on what happened or how to fix it, but this pouring out of rage reflects our collective sentiment of NO MORE. No more of what is happening to you and your family.

[-] 1 points by laviyah (4) 13 years ago

Thank you so much. This means a lot. It's great to see that people are standing up and waking up. I've had to go through two court cases and my prayer is that no future generations have to suffer because of so much greed.