• Report: #929561

Complaint Review: Cypress Capital Group

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  • Submitted: Sun, August 19, 2012
  • Updated: Sun, August 19, 2012

  • Reported By: Drmicrocap — Medford Oregon United States of America
Cypress Capital Group
218 Royal Palm Way, Palm Beach, Florida United States of America

Cypress Capital Group Thomas A. Wolek, Executive Vice President & Chief Compliance Officer, Cypress Capital Group is involved with committing "Fraud upon a Court" through the payment to or for the benefit of Amanda L. Ferguson's counsel of record to prepare and file a Fraudulent Financial st Palm Beach , Florida

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Cypress Capital Group is involved with committing "Fraud upon a Court" through the payment to or for the benefit of Amanda L. Ferguson's counsel of record to prepare and file a Fraudulent Financial statement in connection with a Decree of Divorce concealing a Vehicle that was formed due to the work of her ex-husband will they were married.

The proper regulatory bodies have been contact and asked to review the account as they were temporally Enjoined from disposing of any asset under Florida Law as well as distributing any income until a proper division of assets and debts has been entered in a court of Competent Jurisdiction.

The Trust was formed out and agreement entered on September 9, 1999 years after the couple was married as the ex-husband is an Investment Banker as well as a Certified Paralegal that worked on all of the Litigation and submitted it to the IRS seeking a Private Letter Ruling that was returned favorable with Amanda Share trust formed aka The Amanda L. Ferguson-Trapp Limited Power of Appointment Trust. See:

https://w3.courtlink.lexisnexis.com/cookcounty/FindDock.asp?NCase=&SearchType=2&Database=3&case_no=&Year=&div=&caseno=&PLtype=2&sname=Daniel+Ferguson&CDate=

 See Also: http://articles.chicagotribune.com/1997-05-07/business/9705070201_1_northern-trust-newell-trust-proceeds

See Also: http://articles.chicagotribune.com/1997-05-08/business/9705080254_1_newell-northern-trust-probe-request

 Finally See: https://w3.courtlink.lexisnexis.com/cookcounty/Finddock.asp?DocketKey=CAAG0CH0CFFBC0CH

Below are correspodnace between the parties:

(((personal info redacted)))

July 13, 2012

Cypress Trust Company Group
Attn: Dillion Patrick, Resident Agent
218 Royal Palm Way Palm Beach, Fl 33480

Re: The Amanda Share Trust aka The Amanda L. Ferguson-Trapp Limited Power of Appointment Trust.

Dear Chigurupati, Jayaram, CD;

I am writing you in regards to the above aforementioned vehicle that was set up during: The Northern Trust Company Vs. Daniel C. Ferguson et. al., Case No: 1997-CH-03855. I did the work on the Private Letter Ruling which was returned favorable in late 2005 with the above aforementioned being funded in January of 2006. I should have been receiving at least annual statements since that time but to date have not.

This letter is being written to demand a complete accounting of all transactions since you became the successor Trustee from LaSalle Bank in 2007 as there are only three left with an interest Amanda, Owen and myself as the entire Trust can still be left to me at her fathers death and not Scott Ferguson, Lars Ferguson( He stole a $500,000.00 + Condo from Amanda and Steve) and James Simmons (who destroyed two of my houses with Amanda)( He was arrested for Suspicion of Conspiracy to traffic a controlled substance Crack Cocaine during early 2007 with money I was told was distributed from the trust that he stole and bought it with). Furthermore the three of them have been in constant contact with Steven C. White aka Mike Malvy f/k/a Chaim Seagal (He pled guilty to Five felonies including providing false information to a law enforcement agencies and is sought by the SEC), Dennis M. Williams aka Denny Williams aka Carl (A convicted Racketeer) and Jay W. Nance (He pled guilty to 12 felonies including Money Laundering).

In closing, our divorce was granted but there was never any equitable property nor debt division and I will finish seeking modification of the order with it being entered in a competent court of jurisdiction see: Marshal Vs. Marshal as that has been the only LEGAL QUESTION left and as such Im writing the Judge and
 
notifying them of my intention of becoming a Florida resident in the next six months, as Im entitled to Compensatory, Bridge to Gap Lump-Sum Permanente Periodic Alimony and Damages for  two businesses of mine as well as damages from losses on real Property. (It should be noted that the court must consider various factors when it determines need, such as the parties' earning ability, age, health, education, duration of marriage, standard of living enjoyed during the marriage, and the value of the parties' estates. Id. at 1201-02; F.S. [section] 61.08 (2002).

Finally, you as trustee under Florida Law have been enjoined from disposing of any assets until the property and debt division is settled and then and only then can you distribute up to $100,000.00 per year in income for Comfortable Maintenance, Health, Education and Welfare. And since there was only approximately $75,000.00 the Corpus of the Trust assets must be left alone.

Last, if any of the above aforementioned has been done already I will look to you personally to put the money back into the vehicle as this Trust has a long history of having rulings on matters of law that must be looked and adhered to in order for it to continue to be administered and managed within the terms of the Trust document. (See again a related case: 1997-CH-03855)

I look forward to receiving the above aforementioned accounting within the next 14 days as they are going to be included with my letter to the Honorable Judge in Indian River Circuit Court to prove the blatant Fraud upon the Court that Amandas sworn Financial Statements shows along for the SECs review.

Yours Truly;
Steven ****


Cc: Florida Securities Commission
Cc: Florida Banking Commission
Cc: Illinois Banking Commission
Cc: Securities Exchange Commission

(((personal info redacted)))

August 8, 2012

Cypress Trust Company Group
Attn: Thomas A. Wolek, Executive Vice President & Chief Compliance Officer
218 Royal Palm Way Palm Beach, Fl 33480

Re: The Amanda Share Trust aka The Amanda L. Ferguson-Trapp Limited Power of Appointment Trust.

Dear Mr. Wolek;

I am writing you in response to your letter dated July 26, 2012 and I thank you for your prompt reply. I must disagree with your interpretation of what has happened as my rights as a former husband were never terminated with the death of Mildred Ferguson who died in the late 90s and not in 2001 when you claim. (Rule number 1 know your Beneficiaries).

This letter is being written to demand a complete accounting of all transactions since you became the successor Trustee from LaSalle Bank in 2007 as I was also not a party to the litigation but was involved in the course of all of it as such under Florida Law Im still entitled to Compensatory, Bridge to Gap Lump-Sum Permanente Periodic Alimony and Damages for two businesses of mine as well as damages from losses on real Property. (It should be noted that the court must consider various factors when it determines need, such as the parties' earning ability, age, health, education, duration of marriage, standard of living enjoyed during the marriage, and the value of the parties' estates. Id. at 1201-02; F.S. [section] 61.08 (2002).

In closing, I thank you for admitting that all of this exists proving the blatant Fraud upon the Court that Amanda L. Ferguson has committed and you as Successor Trustee funded through payments to or for her benefit to a Lawyer in Vero beach, Florida that has been held in contempt and been Disciplined by the Florida State Bar all absent court orders. I am forwarding a copy of your response to the Honorable Judge that is currently presiding over the matter along with my intention of becoming a Florida resident.

Finally, I will also request that the above aforementioned statements be provided for the followings review:
Florida Securities Commission
Illinois Securities Commission
SEC in Washington D.C.
Florida Attorney General
Daniel C. Ferguson, Limited Power of appointment Holder, Investment Adviser

Last, again if any of the above aforementioned has been done already I will look to you personally to put the money back into the vehicle as this Trust has a long history of having rulings on matters of law that must be looked and adhered to in order for it to continue to be administered and managed within the terms of the Trust document. (See again a related cases: 1997-CH-03855)(2006-CH-25512)

I look forward to receiving the above aforementioned accounting within the next 14 days as it mine and Cook County Chancery Courts position that Daniel C. Ferguson still holds a limited power of Appointment of the Trust and is the Investment Adviser and the successor Trustee pursuant to Court orders is Bank of America.

Yours Truly;
Steven ****


Cc: Florida Securities Commission
Cc: Florida Banking Commission
Cc: Illinois Banking Commission
Cc: Securities Exchange Commission
Cc: Daniel C. Ferguson, Limited Power of appointment Holder, Investment Adviser

Enclosure

 In closing, I will update the report as decisions continue to become available.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 08/19/2012 05:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/Cypress-Capital-Group/Palm-Beach-Florida-33480/Cypress-Capital-Group-Thomas-A-Wolek-Executive-Vice-President-Chief-Compliance-Officer-929561. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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