Federal Reserve Bank of Chicago
230 S La Salle Street
Chicago, IL 60604-1413
Dear Michael,

This is in response to your letter dated December 01 2010 which indicates that either I did not make my position clear in my email or The Federal Reserve has misunderstood my entire complain. I am not seeking private legal advice or any kind of representation for the injustice done to me.

My only reason for complaining to the Federal Reserve is HOW CAN A FDIC INSURED BANK GET AWAY WITH DISCRIMINATION, CONPERICEY AND SUCCESSFULLY DRIVE A MINORITY SENOIR CITIZEN SMALL BUSINESS OWNER INTO CHAPTER II. As I mentioned in my email that since M & I Bank wanted to sever all relations with my business (still do not know the reason, although we were making all the payments to M & I bank) why did they not let me refinance my business instead KNOWINGLY sold my note to a developer (TradeCor Desert Sky II LLC) who had all intentions to destroy us. My SBA 7A loan through Wells Fargo Bank was being processed and seeking payoff statement from M & I Bank. Mr. Eric Anders of M & I Bank sent a payoff statement of over $2.00M so that I do not qualify for this SBA loan and few weeks later sold my note to Mr. Perry Mann of TradeCor Desert Sky II for $1.2M.

Was Mr. Eric Anders of M & I Bank bribed? Or is he a raciest? This is very serous and the Federal Reserve needs to look into this. I am definitely not asking the Federal Reserve to recover my monetary losses.

Please treat this matter as URGENT and investigate why my family business was driven into Chapter II and a family of four is being deprived of their livelihood. If this as asking for too much then there is no Justice prevailing in the Federal Government’s Federal Reserve system.

Sincerely,

This is a civil and criminal crime and conspiracy against a senior citizen and a small business owner by M & I Bank and a Commercial developer. I have all the documents to prove all of below.

1) In December 2007 M & I Bank sold us a SWAP loan to refinance our business which we did not understand. My wife and I trusted them because M & I Bank convinced us that our monthly payments would remain constant irrespective of the market interest rate.

2) Our monthly payments were never constant and M & I Bank admitted that our note was inputted incorrectly in their system.

3) After two years of complaining to M & I Bank trying to get our money back, Mr. Eric Anders of M & I bank decided to break off relations with us and gave us until May 31st 2010 to refinance or sell our business.

4) In January 2010 Mr. Perry Mann owner of TradeCor Desert Sky II suddenly comes to our location and make us an offer of $1.250M. We reject his offer. Mr. Parry Mann said that M & I Bank is willing to sell him our notes at $1.25M. We mention this to Mr. Eric Anders of M & I Bank and he had no comments.

5) Due to pressure from M & I Bank, we approached Wells Fargo for refinance. Wells Fargo started our loan process offering us an SBA 7A loan. M & I bank agreed to take $1.9M and write off the rest to compensate us for excess funds taken from us.

6) Wells Fargo requested M & I bank for the payoff statement to finalize the lending process.

7) Once M & I bank found out that our loan with Wells Fargo was going through, they sent a payoff statement to Wells Fargo for $2.4M thus stopping our refinance of the SBA 7A loan. (This loan had a limit of $2.0M)

8) Few weeks later M & I Bank sells our note to Mr. Perry Mann of TradeCor Desert Sky II for $1.25M. This proves the conspiracy and gross discrimination against us.

7) Mr. Perry Mann after successfully buying all our notes for $1.25M puts us immediately in Trustee Sale.

8) Until the last day before filing for Chapter 11 we begged him to take the same offer of $1.9M that we were giving to M & I Bank thus making him a clean profit of $700, 000, but he refused. Who gives the right to M & I Bank
to allow TradeCore Desert Sky II to extract extra $700, 000 from a senior citizen small business owner? Was some one bribed ??? Is there any Federal or State agency that will investigate this injustice to me and my family ?

9) After filing for Chapter 11 Mr. Jeff Pevone a commercial real estate agent calls my son Sonny threatens him that if we do not hand over our business to Mr. Perry Mann we will face consequences.

10) Three days before the creditors meeting in the bankruptcy court I get ruthlessly assaulted by four young adults (asking me to give our station to the rightful owner) and I end up losing vision in my right eye.

11) I attend the bankruptcy court hearing with burses in a wheel chair along with my wife

12) In the bankruptcy court. We were humiliated by Mr. Perry Mann’s attorney when (under oath) he asked us in a derogatory manner if knew English. This is a serious violation of our civil rights and we consider this racial profiling.

M & I Bank and TradeCor Desert Sky II should be bought to justice.

THIS COMPANY IS TOTALLY NUTS!!! THEY CLAIM THAT I MISSED A PAYMENT 2 YRS AGO...THIS IS NOT THE CASE!! SO I MAIL AN EXTRA PAYMENT...THEY HAVE CHARGED ME WITH A 25$ LATE FEE FOR A YR AND 2 MONTHS NOW...AND THEY CONTINUE TO CALL AND HARASS ME BOUT 4 TIMES A DAY..THEN WHEN I GET UPSET W/THEM..THEY HANG UP ON ME!!! THIS IS THE WORST BANK I HAVE EVER HAD TO DEAL WITH EVER!!! AND THEY HAVE THE WORST CUSTOMER SRVC I HAVE EVER ENCOUNTERED!

As a teacher at a Shakopee Public School, Sun Path Elementary, I am involved with a school fundraiser called Pennies For Patients. It has been heartwarming to see how excited the students have been to donate their coins to benefit the Leukemia Society.

Unfortunately, a pall was cast over my fundraising efforts that left me greatly angered. I was eager to get a count of the coins collected mid-week. I made a phone call to the nearest bank to the school- the M & I Bank located on Greenwood Court. I was hoping to take the coins to that bank to use the coin counter since it was the closest in proximity to the school. I called ahead of time, stated my name, my school and the reason why I hoped I could use their coin counter. I was told that there would be no problem. I reiterated my request several times; Sun Path students had collected a large amount of coins. At this point, the weight of the coins was incredibly heavy. I did not want to have the slightest chance that there would be any problem when I arrived at the bank. Having been reassured several times that I would be able to use the coin counter, I felt confident that I would not have an issue.

Sadly, that was not the case. When I arrived at the (nearly empty) bank, the manager refused to count the coins with the coin counter. I stated that I had called ahead of time, but she said no- because I was not a customer. I offered to pay a fee but was also rebuffed. I was told that there would be ‘no benefit’ for the bank to help me with this.

I understand that banks have policies, however I am disappointed that the employee with whom I spoke to on the telephone was unable to inform me of the policy when I had asked several times. I am also sad that when the M & I Bank employees saw me struggling into the building lugging the weight of thousands of coins that, out of goodwill, could not have helped a local school (not to mention a worthy cause).

Given the nation’s current animosity towards the banking institution, I cannot say that the folks at M & I Bank helped bolster my confidence or trust in banks. I now know that I cannot take my school’s coins there to be counted. I also know that I will not ever consider that branch of M & I Bank for any of my future banking needs.