Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

The High Price I Had To Pay Lehman Brothers: Victim or Victimizer?
  • USA - English


News provided by

Voices International publications Inc

Jul 29, 2013, 22:35 ET

Share this article

Share toX

Share this article

Share toX

(PRWEB) July 29, 2013 -- LEHMAN BROTHERS: VICTIM OR VICTIMIZER?

Recently, during a committee hearing of the U.S. Senate Banking, Housing and Urban Affairs Committee, U.S. Senator Elizabeth Warren (D-MA) asked a panel of regulators, "has any banker gone to prison for their role in what happened with the financial collapse of 2008?" The panelist struggled to answer her question.

Well Jamila T. Davis, author of The High Price I Had To Pay is serving a 12 1/2 year sentence for bank fraud as a result of a $22M mortgage scheme that she was involved in with financial giant, Lehman Brothers Bank. The only problem is, Davis is not a banker. She was a 25 year-old real estate investor who alleges that she was instructed by Lehman senior associates on exactly what to do to get the loans approved through the bank's underwriting department.

In her book, The High Price I Had To Pay Davis explains in detail what happened!

"I guarantee that anyone who reads my book will be asking the same questions as Senator Warren," said Davis. "All I know is that I'm sitting in federal prison serving a 12 1/2 year sentence, and the senior bankers from Lehman Brothers who told me what to do are sitting on the beach somewhere, for all I know," Davis alleges.

"Fifty nine days after I was sentenced to 151 months, Lehman Brothers Bank collapsed due to what the world soon discovered was a massive system wide practice of overstating property values and doctoring loan documents," says Davis. "Before the collapse, Lehman Brothers Bank attorneys convinced my judge that the bank was a victim and I was a 25 year old mastermind victimizer," Davis alleges.

"My story will captivate and most likely infuriate you, says Davis. "Yes I am no angel, but I accepted full responsibility for what I did. I have from the very beginning. There is no way in a just society that I should be serving 12 1/2 years for my role in the scheme. And, the bankers who gave the instructions on how to meet the banks guideline criteria, and sent the documents back until I got them right, walked away claiming to be victims," Davis alleges.

"All I know is that when the dust settled, I ended up with a sentence nearly 7 times greater than the 24 month sentences that the seasoned lawyer who distributed the funds and the mortgage broker who admittedly told me what to do got, Davis alleges. Is that justice?" Davis stated.
Case Information:

  • United States District Court of New Jersey, Criminal No. 05-482 (JLL)
  • Superior Court of New Jersey, Chancery Division: Essex County, Civil Case No. ESX-C-103-03

Attribution- Lehman Brothers Bank Collapse and Fraud Findings

  • William Black, "Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner," prepared for the U.S. House Committee on Financial Services, April 2010.

http://www.gpo.gov/fdsys/pkg/CHRG-111hhrg57742/html/CHRG-111hhrg57742.htm

http://democrats.financialservices.house.gov/media/file/hearings/111/black_4.20.10.pdf

  • The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the U.S., January 2011.
  • Wall Street and the Financial Crisis: Anatomy of a Financial Collapse," prepared by the Permanent Subcommittee on Investigations of the U.S. Senate, April 2011

Testimony Reference:

  • United States District Court of New Jersey, Criminal No. 05-482 (JLL)

Transcript of Proceedings Volume 2. 09/06/07
re: Instructions given to Davis by Lehman associates on what to do to get each loan approved through Lehman's     underwriting department.
T. 3.150-3.162
T. 4.21- 4.43

For more information about author Jamila T. Davis and to check out her memoir The High Price I Had To Pay visit http://www.voicesbooks.com or http://www.facebook.com/authorJamilaTDavis.

Click here to download your free copy of The High Price I Had To Pay    
https://www.smashwords.com/books/view/324608

Click here to purchase the hardcopy of The High Price I Had To Pay on Amazon.com
http://www.amazon.com/High-Price-Had-Pay-Victimizing/dp/0985580798/ref=sr_1_1?s=books&ie=UTF8&qid=1374722444&sr=1-1&keywords=the+high+price+i+had+to+pay

To access recent articles written by Jamila T. Davis (voicesbook.com /media room)
INCARCERATED WOMAN TAKES A STAND AGAINST RECIDIVISM AND PLEADS FOR HELP1

IN THE BELLY OF THE BEAST
Also: http://ezinearticles.com/?Life-In-Prison-With-Lauryn-Hill&id=7877550

To access Jamila T. Davis' interview about The High Price I Had To Pay (voicesbooks.com/ media room)

Interview Questions. The High Price I Had To Pay
To access photo of author Jamila T. Davis (voicesbooks.com/ media room)

Contact: Jose Francisco
Tel: (305)242-0770
Email: josefrancisco(at)research2255(dot)com

Liddie Davis, Voices International publications Inc, http://voicesbooks.com, +1 718 341 1983, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.