I am reposting to add a few details to this couple’s crime spree including more detailed allegations of social security fraud…
When I find an obvious case of "alleged" mortgage fraud, many of them turn into rabbit holes that usually include sordid details of the suspects' personal, financial, legal, and criminal lives. This couple was the never-ending rabbit hole to hell! But it is interesting, so buckle up! I will try not to editorialize too much, but with just SO MUCH there, it is hard not to fill in the blanks a little. I will try and make it clear where I am doing this…I do also want to make this as complete a factual record as I possibly can, so I will try to keep those facts very plain as well.
This will make you angry. The mortgage fraud, the scams, the (alleged) immigration and social security fraud, the vacation property in Mexico, the bankruptcies, the bankruptcies caused by the scams, and no doubt the bankruptcies to come. Hopefully the AZCC action and pending mortgage fraud actions will bring some justice to these two, but moral of the story: We need to invest in serious reform and regulation in numerous areas. We need enforcement or I can document a billion dollars in mortgage fraud and it won’t help (don’t think I can’t do it…). My mortgage work alone will show that things are completely broken. This is one story that is fairly interesting, so maybe it will help. I have dozens that are very boring, but no less damaging to the rest of us playing by the rules.
Lastly, I wanted to put all of these details about Jad and Svitlana in one place, so you can have a better overview of their alleged crimes (or behaviors…) and characters. Sociopaths will try to gaslight, minimize and explain away all of these as the faults of others, but it is harder to deny when taken in totality…
Suspect 1: Jad Wayne Morris of Peoria, Arizona, “Jad” (DOB November 8th, 1976)
I will start with a clear editorial hypothesis: Jad Morris is an obvious career criminal. How he has avoided prosecution and prison up until now is beyond me. His scams appear to have started in the early 2000's and have continued to the present day. While they vary in detail (get rich with auctions, get rich with stock trading, get rich with ????…), they are all really just variations on the same simple theme: Give me money and I will make you rich like me. Then he just takes your money and asks for more! More recently he appears to have supercharged that with: If you don't have money, I can get you a credit card to give me money, and if you lose, you are not personally responsible for the credit card. Obviously, the last part of that is untrue. He’s not only taking people’s life savings, he is putting them into debts they will never be able to pay!
If we review the court files, Jad appears to have struggled with his "businesses", at least legally and with the tax authorities…
Civil Courts
9/08-3/09 - Strategic Business Solutions v. Jad Morris et al. (Maricopa CV2008-022454)
$63,393 Judgment - Never Paid
04/09-8/09 - Sharon Hatrack v Jad Morris (CV2009-003515)
Settled 7/30/2009 ($Unknown)
5/09-9/09 - American Express v. Jad Morris et. al. (Maricopa CV2009-14705)
$80,204 Judgment - Never Paid
Wisconsin Division of Securites
In 2004, the Wisconsin Division of Securities issued an order of prohibition against Morris for the offer and sale of unregistered securities by an unlicensed person stemming from his activities with two Arizona companies.
Taxes
2007 - IRS file tax liens for over $67,000 for unpaid taxes 04-06
2010 - Arizona files tax lien for over $11,000 for unpaid taxes 04-06 and is awarded a default judgment in 2017 for same.
2018 - IRS file tax liens for over $23,000 in unpaid taxes for 09-10 and 13-15.
In the News -From the Pueblo Chieftain
Get ready to be sickened! The sickening thing, beyond this one heartbreaking story, is that Jad has been doing this for well over a decade and a half. How many of these stories are out there…most were too ashamed to even seek the recovery of their money.
AZCC Securities Enforcement Division
Jad Morris is the subjects of a securities enforcement action/investigation launched October 20th, 2022. The action goes into far more detail regarding his background and crimes.
The details of the action and the cease and desist order are here.
They also allude to Mr. Morris acting like a bit of a gangster with a history of assault and making threats against those who would try to report him or seek justice against him. I will wait for the trial for those details to come out, but just based on what I know about Jad so far, I suspect we will see additional charges related to witness tampering and intimidation. He hasn’t gotten this far without pushing the envelope a little…Mr. Morris also has some personal issues and court filings (at least one child and a couple of protective orders), but that is piling on…
Hearing in May when I will of course follow up! Who wants to go?
JAD MORRIS…MILLIONAIRE!?
Despite these problems, Jad Morris has somehow managed to outrun the authorities and his liabilities so far. Without paying the $250,000+ (plus interest for over a decade in some cases) taxes or any of his creditors, he has somehow managed to seemingly become a millionaire. Angry yet? Before we go further, Jad Morris and Svitlana Kwee (bio to come!) appear to have met in approximately early 2020, were engaged/cohabitating in September of 2020 and wed in August of 2022.
On October 2nd, 2020, Mr. Morris purchased 7315 W. Crabapple Dr., Peoria, AZ 85383 for $575,000 financed by a $471,500 30 yr conventional mortgage from Lendsure.
On March 22nd, 2022, it appears that Mr. Morris paid off the mortgage with Lendsure.
Important point for later in the story: This is Mr. Morris and Svitlana Kwee’s principal residence.
The current FMV of this home per Zillow is approximately $757,000.
In June/2022 (per his wife’s social media) The happy couple also purchased property in Puerto Penasco (aka Rocky Point). These run about $1 to $2million depending on the view etc. What else are you going to do with all of that excess cash pouring in??? Maybe the victims could get a weekend here or there? Here it is:
Mortgage Fraud #1
While I usually only report obvious mortgage occupancy frauds, or very significant mortgage non-disclosure frauds (ie six figures), I am reporting this one! There is some question about whether those older judgments and tax liens are liabilities that require disclosure. Yes, you can only chase someone for so long on a judgment, but it is still a liability, no??? IRS tax liens are generally released after 10 years regardless of whether there is payment or not. BUT, the latest IRS liens have not been released and I find it highly unlikely that Mr. Morris disclosed those material liabilities during his mortgage process. That combined with his wife’s mortgage occupancy fraud (outlined below) should make this a two-fer!!!
Questions
Where did Jad Morris come up with $575,000 cash, plus whatever would be required for the Rocky Point purchase and the jetset lifestyle he appears to lead with his wife.
This fact from the AZCC action gives us some clue?
Even if legit, did he pay any taxes on it? Has he ever paid any taxes? Can someone slap a lien on that home please???
Suspect 2: Switlana Kwee of Peoria Arizona (DOB 3/20/1981)
Svitlana is a Ukrainian national and the mother of Oleksandra Kwee (DOB 6/21/02). She arrived in the US in approximately 2006. In approximately 2007, she entered into a "green card arrangement" with Peter Kwee (DOB 8/1947), an Asian-American man 34 years her senior. Tale as old as time!
By 2011, the happy couple had run up well over $2 Million+ in Unsecured Debt and filed separately for Ch 7 Bankruptcies. What a country! Mr. Kwee also filed for Chapter 13 in 1993 and Chapter 7 in 1995. Mr. Kwee filed for divorce from Ms. Kwee in January of 2012 with a default consent granted in April of 2012. In January 2016 a Bikramjit Gill also filed for a divorce from Ms. Kwee (default consent granted April of 2016). Soon after she met third husband Jad! Or fourth if there is a father of the child back home…
Summary of Ms. Kwee’s Chapter 7:
Summary of Mr. Kwee’s Chapter 7:
Look, a lot of people had a bad time of it. Mostly because we allowed the same kind of mortgage nonsense that I’m finding once again. But a $2.6 million hole for a guy on social security and his mail-order bride also collecting social security for her and her daughter just a few years after she arrives in the country and marries her grandfather? That is impressive! I’m not anti-immigrant or anti-social net, or even anti-May/December, but COME ON!!!
Now, I can’t prove the “green card arrangement” part or any of the details, but I guess there must be some “business” out there that matches single men of social security age with foreign young women with young children. Marry them and you immediately double your social security until the kid turns 16 (and they ultimately get a green card)…I might have to remember this one!
Follow-Up: Social Security Fraud
I researched whether new immigrants are eligible for social-security benefits. This is what I found:
That sounds like a no. Is it possible she somehow obtained citizenship by 2010? Generally takes 4-5 years post-wedding/green-card to make that happen, and it would seem unlikely in the midst of the great recession and $2.6M of bankruptcies. I can also find no evidence that Ms. Kwee has ever obtained US Citizenship. It is usually something immigrants celebrate and recelebrate on social media. So back of the napkin on how much Social Security she owes back to the United States assuming she collected about $1,363 per month for her and her daughter from at least January 2010 until her daughter turned 17 in June of 2019: 114 months X $1363 = $155,382. Who wants our money back (plus interest!)??? Let’s try:
Update: Slightly Deeper Dive on the The Social Security
Mr. Kwee became eligible for Social Security on his 62nd birthday, August 18th 2009. In his bankruptcy filing, he claimed $26,790 of Social Security Income through 10 months of 2010 and zero for 2009, meaning he must have started collecting for himself, his wife and his daughter commencing January 1, 2010 (or perhaps there was some received in 2010 related to the last months of 2009?).
In Svitlana's bankruptcy filing she claims $3,948 of 2010 SS for herself and $3,948 for her daughter. That doesn't really line up at all with what Mr. Kwee reported as a full year of benefits for Svitlana and her daughter would be $15,792, not $7,896. Perhaps Mr. Kwee didn't tell Svitlana about some of those first checks or??? Anyway, someone applied for and started receiving benefits for them all at some point in early 2010 at the very latest. The maximum amount of time Ms. Kwee could have been in the country by that time is a little over three years. Again, definitely not long enough to receive benefits as an LPR, and VERY unlikely long enough to obtain citizenship (and again, there is no evidence Ms. Kwee has ever obtained citizenship).
Onto mortgage fraud #2!
Mortgage Fraud #2
Another very straightforward and obvious mortgage occupancy fraud:
Principal Residence - As above, Svitlana Kwee has resided with her husband Jad Morris at 7315 W. Crabapple Dr., Peoria, AZ 85383 since at least 2020.
Rental Property - Svitlana Kwee purchased 89 S Willow Creek St., Chandler AZ 85225 on March 14th, 2022 for $460,000, financed by a conventional 30 year mortgage with Cornerstone Home Lending of $345,000. The Deed Trust requires owner occupancy within 60 days and for a year post-occupancy.
Licensed Realty Professional -Ms. Kwee is a licensed AZ Realtor.
Rental - The Rental Property was listed (by Svitlana Kwee) for rent for $2,599/month in April/2022 (https://www.realty.com/rental-listings/329172311/89-S-Willow-Creek-Street-Chandler-AZ-85225) and the rental closed on May 1, 2022. Per the Maricopa County Assessor, the property has been classified as a rental property since 2022.
Social Media - Ms. Kwee posted on her personal public facebook account about her acquisition of the income property on March 18th, 2022.
That my friends, is a slam-dunk!?
Let me draw your attention to the mortgage broker at the end of post: Ilya Kosenkov. What do you think I’ll find if I look into him??? The rabbit hole continues, next time on Corruption Duck!
Oh, one more thing, Svitlana’s daughter Oleksandra (you know, the one we paid $155,000 for…) is now a…mortgage processor! Guess who she is working for/with? Grandpa Peter Kwee!!! You can’t make this stuff up!!!
OK, I really should have had a look at Peter Kwee's social media before I finalized this article. Total tinfoil hat Qanon conspiracy nut. Like All-in! JFK Jr's coming back, drinking the blood of children, all of it! Also Rally-Going Trumper, Obama Birther, and…just about the biggest hypocrite you could possibly imagine!? I recommend a quick look, but don't get sucked in! Svitlana really knows how to pick 'em!? https://www.facebook.com/profile.php?id=1321248961
3 massive bankruptcies and social security fraud with your mail-order immigrant wife and daughter, and you are railing against the perils of socialism and Obama's birth certificate!? Also, YOU ARE AN IMMIGRANT YOURSELF! Un…fucking…believable!!!