Sub-Prime Mortgage Crisis: Corrupt Obama-Era DOJ Finally Caught

Going After Little Guys Instead of the Big Players

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The subprime mortgage crisis of 2008 resulted in a lot of banks getting bailed out, instead of being held responsible. In place of the banks, the Obama administration, led by Attorney General Eric Holder and then-FBI Director Robert Mueller, looked for easy, juicy targets. Mortgage brokers and real estate agents fit the mold. They were generally small, didn’t have a lot of connections with the government or the courts. The public was looking for someone to blame for the decreasing home prices and skyrocketing foreclosures. They were vulnerable scapegoats, with little risk of alienating big campaign contributors.

First to Fall

Like predatory hyenas picking off the weakest in a herd, “Operation Stolen Dreamswas set up in various large cities. In Cleveland, they targeted several hundred realtors, including Tony Viola, a real estate broker. They called it “The Nation’s Largest Mortgage Fraud Scheme.” Viola was a no-brainer for prosecutor Dan Kasaris, who managed condos and whose wife was a real estate agent — they were both direct competitors of Viola. 

Prosecutors claimed Viola and the others illegally tricked banks into offering mortgages with no money down. This was bizarre since the banks were advertising these loans on TV and on their websites. Viola said it was like tricking Starbucks into selling coffee. Incredibly, after Viola was prosecuted, the government changed its position and went after some of the banks for knowingly offering those loans (guilt or investigation deflecting?). It was even weirder, considering Kasaris and his wife also bought and sold houses with no money down and cash back.

Prosecuting Viola and others in real estate was an easy sell. This because everyone wanted to blame someone for consumers buying homes they couldn’t afford. Prosecutors portrayed banks as the victims, but the banks were actually unethically pushing these loans. Lenders would make up documents to force people into qualifying, making it look like they made more money than they did.

Rules of the Game

If they knew the applicant’s employer was going to leave or go out of business, they would still have authorized the loans. They were charging a lot of prepayment penalties and providing high interest, variable rate loans. When people got their payment coupon books, they would discover their tenants’ rent didn’t even cover the payments. The banks were in a rush to resell the loans on Wall Street, so they’d have no risk after that if the mortgager defaulted.

Bank executives told FBI agents during the prosecution that the banks approved of the loans, and didn’t lose any money from the loans Viola assisted with. Viola didn’t even own a mortgage company, his business bought and sold properties. Even more bizarre, prosecutors claimed he owned two companies that they didn’t. When they realized their mistake, they said they had lost the computers taken as evidence from the two companies. A former colleague of his had testified that she owned the two companies, realized her mistake and asked prosecutors to let her correct her testimony, but they wouldn’t let her.  

“This has been a very difficult experience, and maybe I’m making it worse, but at no time did I think we were doing anything wrong,”

Tony Viola, Cleveland Realtor in 2012 Trial

Guilty Until Proven Innocent

Viola didn’t take a guilty plea because he believed he was innocent. If he had stolen money from banks, the banks would have sued him. He was prosecuted in both state and federal courts, since it was a joint task force. They worked in collusion. If state investigators found a witness positive to Viola, they wouldn’t send him to the feds, who could then plead ignorance.

That tipped them off into claiming they lost the computers he had been intending to use as evidence. Some of her colleagues eventually told her what she was doing was illegal and she became alarmed, but it was too late. By then Viola had lost in the first trial against him. Pasela found evidence the prosecution was hiding from Viola and took it home, telling Viola about it.

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The Setup

She found out later that the prosecution was forging her signature on evidence logs. She told Viola that in the next trial. Not only could he prove he wasn’t guilty beyond a reasonable doubt, but he could now actually prove his innocence. Thanks to Pasela, he won that trial, incredibly without an attorney and from prison.

He produced the 302s she’d recovered where the bank executives exonerated him. He also had his colleague recant her testimony about him owning two companies. Pasela produced lender files and internal spreadsheets that confirmed banks were fully aware borrowers were not making down payments. Pasela did not want to testify because she was receiving threats from the prosecution that she would be indicted if she did.

Very startling and indicative of a criminal organization behind it. The judge ordered (CR-10-536877-I OHIO vs. TONY VIOLA) her to, but she failed to show up. She was found dead in her apartment. The cause of death was allegedly alcohol poisoning, but there was no evidence she had thrown up. 

The judge in the case told the jurors after their verdict of innocence that he agreed with them. He also put in writing that he thought Viola was innocent. However Federal District Court Judge Donald Nugent would not do anything. So Viola served time in prison, for eight and a half years. Only when his appeal got to the Third Circuit Court of Appeals in 2019 was he finally exonerated.

They were persuaded by his colleague, who had recanted her testimony, and affidavits from Pasela’s parents. The DOJ and FBI admitted they made false statements. Yet, no repercussions to date, but they are working on them. Viola is very grateful for Pasela. If she hadn’t come forward, he would still be in prison with 12 years to go, that he was looking at from the second trial.

The Aftermath Has Yet to Finish for the Viola Case

He’s now asking the court for sanctions against the DOJ. One detective lied repeatedly during the federal trial. Viola wants the prosecutors responsible, Mark Bennett and Kasaris, sent to prison. He has started a petition to indict them. He’s set up a website exposing everything that happened. The evidence likely proves the innocence of 1,300 others who were prosecuted by the task force.

Viola calls DOJ the largest criminal enterprise in the world. He’s learned that these prosecutors will say or do anything to preserve a conviction. They break the law routinely and have a philosophy of getting a win at all costs. They protect each other and the judges allow it. They’re part of the deep state and they stay on as entrenched bureaucrats through multiple administrations. Many of them are still there now under President Trump. Viola’s case is so atrocious, hopefully it will finally prompt a major cleanup. 

Rachel Alexander
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