Video: Did CEO of Montana's largest credit union get caught in unlawful transfer of a borrower's property?
Several alarming facts continue to surface in the ongoing legal battle between Dennis and Donna Thornton (Thorco) and Whitefish Credit Union (WCU), Montana’s Largest Credit Union.
(Article by James White republished from NorthwestLibertyNews.com
In contrast to an article that we published several days ago
containing a summary of the facts in the Thorco case written by Montana House Member Mark Noland, this article focuses on the actions of one of the key players in what appears to be an organized crime ring in Montana’s Flathead Valley; one that uses fraud, intimidation, and weaponization of the District Courts to acquire property unlawfully.
President & CEO of WCU, James Kenyon III, has served in his position at WCU for over 10 years and has over 25 years of executive management in the credit union industry, according to his biography
on the WCU website. You can get a much fuller view of Kenyon’s history and how he operates by reviewing the report
filed by former National Credit Union Regional Director and Expert Witness, Allen Carver.
In the conclusion of Carver’s investigation, he summarized his findings into the crimes committed against Thorco by WCU in the statement quoted below. Keep in mind that the events outlined in Carver’s report all occurred under the leadership of James Kenyon.
“…It is my professional opinion, based on my 48 years in the credit union industry (33 years as a regulator and 15 years as a consultant), that WCU clearly committed and violated not only a verbal agreement to finance the entire Thornton project to a total of approximately $7 million, but also committed a breach of a written contract involving the loaning of $500,000…” Allen Carver – Former Regional Director, National Credit Union Administration
Serving in his position as both President and CEO of WCU, Kenyon wields tremendous authority over everything related to the credit union business. However, despite Kenyon’s authority, there is one thing that he doesn’t possess and that is “power of attorney” to transfer property.
Click the link below to bring up the only legal document produced to establish Thorco’s rightful ownership of their property, which was issued by Title Financial Specialty Services, the only attorney-in-fact
legally allowed to transfer property for WCU.
Satisfaction of Mortgage Document – Issued by Title Financial Specialty Services
Without having a power of attorney, any action by Kenyon to transfer property into the ownership of the credit union would, according to Montana Code Annotated
(MCA), be considered theft. The link below will bring up the document that Kenyon filed with the Flathead County Clerk and Recorder’s office which appears to be an illegal attempt to steal back a piece of property that WCU legally transferred to the borrower.
James Kenyon’s “Corrected Release of Mortgage” document
appears unlawful under the MCA and also appears to be an attempt at property theft.
Below is a video taken by Dennis Thornton, WCU crime victim and President of Thorco, Inc., at the Flathead County Clerk and Recorder’s office. In the video, you can see and hear the clerk state that there is no other power of attorney on record for WCU besides Title Financial Specialty Services, which makes the actions of WCU President and CEO James Kenton III a crime, according to MCA
To further illustrate the breadth and depth of what appears to be unlawful activity perpetrated by Kenyon and his associates, portions of the MCA which outline the proper procedure for the transfer of property are included below. Obviously, any actions that were taken by WCU or their agents which do not conform to the MCA are violations of the Montana Code and, by default, a violation of Montana law.
Read more at: NorthwestLibertyNews.com