Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
When they’re not waiving appraisals they are busy assaulting female workers asking them for sex favors and taking afternoon delights from the local strip club—no wonder the whistleblowers who want to expose the corruption with Collateral Underwriter want immunity from Congress. You have to love the users.
*** FOR IMMEDIATE RELEASE ***
EMPLOYEE IN FANNIE MAE ‘SEXTORTION’ CASE HAS MOVED ON IN LIFE
VENTURA, Calif. (July 12, 2024) – Psychologists call it “Pretty Woman
Syndrome.” It describes a successful man who obsesses over a woman who is
in a stigmatized or dysfunctional situation, believing he alone can “rescue” the
object of his affection. He assumes there will be eternal gratitude from the love
object. It’s a variant of what psychologists call a “Jesus Complex.”
Soliel Bonnin was an adult dancer in Washington, D.C. when she met Joseph
King, a senior director at Fannie Mae. Bonnin said she was desperate to get
out of the industry. In 2016, King offered her a job working for him in the
department he supervised. But it had all the hallmarks of a Faustian bargain.
King offered to be Bonnin’s mentor and provide her with on-the-job training.
Based on his actions, it appeared the senior manager was not interested in her
work performance. There were strings attached. She claimed she was hired
under the guise of working for Fannie’s IT department but was instead
expected to serve as a personal entertainment object for the senior directors.
Her accusations were listed in a complaint filed in the Superior Court for the
District of Columbia in 2018. The case has since settled.
She accused King of isolating her from other employees, restricting her work,
and intimidating and threatening her when she failed to cooperate. During the
workday, King allegedly took Bonnin out to lengthy lunches with alcohol and
other intoxicants, after which King would allegedly demand sex. Bonnin lived in
fear of retaliation, as King told her he was being considered for a director
position. Bonnin alleged that King’s superiors allowed the misconduct, and
even approved expense reports for King to take Bonnin on unnecessary
business trips. When Bonnin no longer could stand the harassment, she
obtained a protective order against King in the District Court for Montgomery
County, Maryland. The court ordered King to have no contact with her. Only
then did Fannie Mae terminate King.
“Fannie Mae tolerated and fostered an environment where employees were
given latitude to act improperly,” the complaint claimed. “King was able to hire
and retain a presumptively unqualified employee to control and exploit her for
sex.”
U.S.-sponsored mortgage giant Fannie Mae, like another government
corporations, has been plagued by a lack of accountability. In many ways, it
operates as a rogue government agency. Such escapades occur where
controls are lacking. Look no further than the Federal Deposit Insurance
Corporation.
“This is an extreme example of a high-level manager using his authority and
power to sexually exploit a female subordinate,” said Bonnin's attorney Ari
Casper of The Casper Firm.
“King would verbally abuse [Bonnin] when she tried to socialize with other
employees. He controlled every aspect of her day,” the lawsuit said. “Because
of King’s position at Fannie Mae, and [Bonnin’s] isolation from others, [she]
feared losing her job if she did not cooperate with King’s requests.”
Fannie Mae, according to the complaint, promoted a culture that mistreats
women, including hiring and paying them to have sex with upper management,
and tolerates illegal, extreme, and abhorrent sexual behavior.
Recklessness and lack of accountability define many aspects of Fannie’s
operations. It helped crash the U.S. housing market in 2008 by lowering down
payment requirements and gutting underwriting standards. By June of that
year, Fannie Mae and her reprobate brother, Freddie Mac, had acquired 16.5
million Alt-A, negative-amortizing, subprime or otherwise toxic mortgages, with
a principal amount of $2.5 trillion. The resultant collapse was the worst financial
crisis since the Great Depression. At the time of Bonnin’s complaint, Fannie
was – and still is – in federal conservatorship.
“King’s relationship with plaintiff was well known at Fannie Mae. The two would
leave the office for hours at a time, and on several occasions for most of the
day. King took plaintiff on ‘business’ trips to Texas – although there was no
business justification for doing so – which required approval from King’s
supervisor,” the lawsuit said.
The suit named King’s former supervisor, Jeff Willis-Jones, the then director of
workplace operations, and claims he socialized with King, allowed the repeated
daytime absences and “approved unnecessary expenses and travel for King
and Bonnin.”
The lawsuit said the behavior escalated to physical abuse, with King sexually
assaulting Bonnin in a hotel room during a paid work trip. In the fall of 2017,
Bonnin sought and received the restraining order after King entered her
apartment without her permission, according to the lawsuit. The order
prevented King from having contact with Bonnin. He was then fired by Fannie
Mae, according to the complaint.
“Listen to your gut,” advised Bonnin, when contacted recently by telephone. “I
was desperate to get out of dancing. She is forbidden to go into detail about the
settlement with Fannie Mae. Today, family friends, and her faith, she said, are
her driving motivators. In her spare time, she serves at her church.
King and Willis-Jones could not be reached for comment.
# # #
Jeremy Bagott is a real estate appraiser and former newspaperman. His most
recent book, “The Ichthyologist’s Guide to the Subprime Meltdown,” is a
concise almanac that distills the cataclysmic financial crisis of 2007-2008 to its
essence. This pithy guide to the upheaval includes essays, chronologies,
roundups and key lists, weaving together the stories of the politics-infused
Freddie and Fannie; the doomed Wall Street investment banks Lehman and
Bear Stearns; the dereliction of duty by the Big Three credit-rating services; the
mayhem caused by the shadowy nonbank lenders; and the massive
government bailouts. It provides a rapid-fire succession of “ah-hah” moments
as it lays out the meltdown, convulsion by convulsion.
*** FOR IMMEDIATE RELEASE ***
EMPLOYEE IN FANNIE MAE ‘SEXTORTION’ CASE HAS MOVED ON IN LIFE
VENTURA, Calif. (July 12, 2024) – Psychologists call it “Pretty Woman
Syndrome.” It describes a successful man who obsesses over a woman who is
in a stigmatized or dysfunctional situation, believing he alone can “rescue” the
object of his affection. He assumes there will be eternal gratitude from the love
object. It’s a variant of what psychologists call a “Jesus Complex.”
Soliel Bonnin was an adult dancer in Washington, D.C. when she met Joseph
King, a senior director at Fannie Mae. Bonnin said she was desperate to get
out of the industry. In 2016, King offered her a job working for him in the
department he supervised. But it had all the hallmarks of a Faustian bargain.
King offered to be Bonnin’s mentor and provide her with on-the-job training.
Based on his actions, it appeared the senior manager was not interested in her
work performance. There were strings attached. She claimed she was hired
under the guise of working for Fannie’s IT department but was instead
expected to serve as a personal entertainment object for the senior directors.
Her accusations were listed in a complaint filed in the Superior Court for the
District of Columbia in 2018. The case has since settled.
She accused King of isolating her from other employees, restricting her work,
and intimidating and threatening her when she failed to cooperate. During the
workday, King allegedly took Bonnin out to lengthy lunches with alcohol and
other intoxicants, after which King would allegedly demand sex. Bonnin lived in
fear of retaliation, as King told her he was being considered for a director
position. Bonnin alleged that King’s superiors allowed the misconduct, and
even approved expense reports for King to take Bonnin on unnecessary
business trips. When Bonnin no longer could stand the harassment, she
obtained a protective order against King in the District Court for Montgomery
County, Maryland. The court ordered King to have no contact with her. Only
then did Fannie Mae terminate King.
“Fannie Mae tolerated and fostered an environment where employees were
given latitude to act improperly,” the complaint claimed. “King was able to hire
and retain a presumptively unqualified employee to control and exploit her for
sex.”
U.S.-sponsored mortgage giant Fannie Mae, like another government
corporations, has been plagued by a lack of accountability. In many ways, it
operates as a rogue government agency. Such escapades occur where
controls are lacking. Look no further than the Federal Deposit Insurance
Corporation.
“This is an extreme example of a high-level manager using his authority and
power to sexually exploit a female subordinate,” said Bonnin's attorney Ari
Casper of The Casper Firm.
“King would verbally abuse [Bonnin] when she tried to socialize with other
employees. He controlled every aspect of her day,” the lawsuit said. “Because
of King’s position at Fannie Mae, and [Bonnin’s] isolation from others, [she]
feared losing her job if she did not cooperate with King’s requests.”
Fannie Mae, according to the complaint, promoted a culture that mistreats
women, including hiring and paying them to have sex with upper management,
and tolerates illegal, extreme, and abhorrent sexual behavior.
Recklessness and lack of accountability define many aspects of Fannie’s
operations. It helped crash the U.S. housing market in 2008 by lowering down
payment requirements and gutting underwriting standards. By June of that
year, Fannie Mae and her reprobate brother, Freddie Mac, had acquired 16.5
million Alt-A, negative-amortizing, subprime or otherwise toxic mortgages, with
a principal amount of $2.5 trillion. The resultant collapse was the worst financial
crisis since the Great Depression. At the time of Bonnin’s complaint, Fannie
was – and still is – in federal conservatorship.
“King’s relationship with plaintiff was well known at Fannie Mae. The two would
leave the office for hours at a time, and on several occasions for most of the
day. King took plaintiff on ‘business’ trips to Texas – although there was no
business justification for doing so – which required approval from King’s
supervisor,” the lawsuit said.
The suit named King’s former supervisor, Jeff Willis-Jones, the then director of
workplace operations, and claims he socialized with King, allowed the repeated
daytime absences and “approved unnecessary expenses and travel for King
and Bonnin.”
The lawsuit said the behavior escalated to physical abuse, with King sexually
assaulting Bonnin in a hotel room during a paid work trip. In the fall of 2017,
Bonnin sought and received the restraining order after King entered her
apartment without her permission, according to the lawsuit. The order
prevented King from having contact with Bonnin. He was then fired by Fannie
Mae, according to the complaint.
“Listen to your gut,” advised Bonnin, when contacted recently by telephone. “I
was desperate to get out of dancing. She is forbidden to go into detail about the
settlement with Fannie Mae. Today, family friends, and her faith, she said, are
her driving motivators. In her spare time, she serves at her church.
King and Willis-Jones could not be reached for comment.
# # #
Jeremy Bagott is a real estate appraiser and former newspaperman. His most
recent book, “The Ichthyologist’s Guide to the Subprime Meltdown,” is a
concise almanac that distills the cataclysmic financial crisis of 2007-2008 to its
essence. This pithy guide to the upheaval includes essays, chronologies,
roundups and key lists, weaving together the stories of the politics-infused
Freddie and Fannie; the doomed Wall Street investment banks Lehman and
Bear Stearns; the dereliction of duty by the Big Three credit-rating services; the
mayhem caused by the shadowy nonbank lenders; and the massive
government bailouts. It provides a rapid-fire succession of “ah-hah” moments
as it lays out the meltdown, convulsion by convulsion.
