Source: https://commercialappraiser.typepad.com/blog/2020/04/busted-and-still-working-after-all-these-years-konnie-l-sanders-mai-ai-appraisal-institute.html?cid=6a00e552a58b6c88330240a4fae2ce200d
Timestamp: 2020-07-08 08:36:44
Document Index: 576410379

Matched Legal Cases: ['§ 1818', '§ 1818', '§ 1818', '§ 1818', '§ 1818', '§ 1818', '§ 1818']

#commercialappraiser, commercial appraiser, commercial appraisal, commercial appraiser la, mai, appraisal institute ai, tax fraud, trump tax fraud, curtis d harris, Commercial Appraiser-Appraisal 310.337.1973 - BUSTED AND STILL WORKING AFTER ALL THESE YEARS, KONNIE L. SANDERS, MAI, AI, APPRAISAL INSTITUTE,
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BUSTED AND STILL WORKING AFTER ALL THESE YEARS, KONNIE L. SANDERS, MAI, AI, APPRAISAL INSTITUTE,
FDIC: 1998 - Docket No. FDIC-96-027e, FDIC-96-028b.
n the Matter of
KONNIE L. SANDERS, MAI, AI, APPRAISAL INSTITUTE,
individually, and as an
institution-affiliated party of
ORDER OF PROHIBITION FROM
FURTHER PARTICIPATION AND
FOR OTHER AFFIRMATIVE RELIEF
FDIC-96-027e
FDIC-96-028b
The Federal Deposit Insurance Corporation ("FDIC") on August 21, 1997, issued to Konnie L. Sanders ("Respondent") a NOTICE OF INTENTION TO PROHIBIT FROM FURTHER PARTICIPATION AND NOTICE OF CHARGES FOR AN ORDER FOR RESTITUTION AND OTHER AFFIRMATIVE RELIEF AND NOTICE OF HEARING ("NOTICES") under sections 8(b) and 8(e) of the Federal Deposit Insurance Act ("Act") 12 U.S.C. §§ 1818(b) and 1818(e). The NOTICES charged Respondent, a licensed and certified real estate appraiser, MAI, AI, APPRAISAL INSTITUTE, with having engaged in unsafe or unsound practices and having violated certain laws and/or regulations, in connection with her performance of appraisals for and rendition of appraisal services to Midland Bank, Lee's Summit, Missouri ("Bank"), an insured state nonmember bank.
Respondent and counsel for the FDIC thereafter executed a STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER OF PROHIBITION FROM FURTHER PARTICIPATION AND FOR OTHER AFFIRMATIVE RELIEF ("CONSENT AGREEMENT"), dated January 8, 1998, whereby solely for the purpose of this proceeding and without admitting or denying any of the unsafe or unsound practices or violations of law or regulations alleged in the NOTICES, Respondent consented to the issuance of an ORDER OF PROHIBITION FROM FURTHER PARTICIPATION AND
{{9-30-00 p.C-4478.1}}
FOR OTHER AFFIRMATIVE RELIEF ("ORDER") by the FDIC.
The FDIC considered the matter and determined it has reason to believe that:
(a) Respondent has engaged or participated in violations of law and regulations and unsafe or unsound practices as an institution-affiliated party of the Bank;
(b) By reason of such violations and practices, the Bank has suffered or will probably suffer financial loss or other damage, the interests of the Bank's depositors have been or could be prejudiced, and Respondent received financial gain or other benefit; and
(c) Such violations and practices demonstrate Respondent's willful or continuing disregard for the safety and soundness of the Bank.
The FDIC further determined that such violations and practices demonstrate Respondent's unfitness to serve as a director, officer, person participating in the conduct or the affairs or as an institution-affiliated party of the Bank, any other insured depository institution, or any other agency or organization enumerated in section 8(e)(7(A) of the Act, 12 U.S.C. § 1818(e)(7)(A).1
The FDIC, therefore, accepted the CONSENT AGREEMENT and issued the following:
FROM FURTHER PARTICIPATION
[.1] 1. Konnie L. Sanders MAI, AI, APPRAISAL INSTITUTE, is hereby prohibited from:
(a) participating in any manner in the conduct of the affairs of any financial institution or organization enumerated in section 8(e)(7)(A) of the Act, 12 U.S.C. § 1818(e) (7)(A).2;
(b) soliciting, procuring, transferring, attempting to transfer, voting, or attempting to vote any proxy, consent or authorization with respect to any voting right in any financial institution enumerated in section 8(e)(7)(A) of the Act, 12 U.S.C. § 1818(e)(7)(A)3;
(c) violating any voting agreement previously approved by the appropriate Federal banking agency; or
(d) voting for a director, or serving or acting as an institution-affiliated party;
without the prior written consent of the FDIC and the appropriate Federal financial institutions regulatory agency, as that term is defined in section 8(e)(7)(D) of the Act, 12 U.S.C. § 1818(e)(7)(D).
[.2] 2. Respondent is further prohibited from directly or indirectly engaging in any appraisal practice, preparing or participating in the preparation of any appraisal report, accepting any appraisal assignment, or performing any other appraisal services with respect to real estate, real property, or personal property for, or on behalf of, any financial institution or organization enumerated in section 8(e)(7)(A) of the Act, 12 U.S.C. § 1818(e)(7)(A),4 without the prior written consent of the FDIC and the appropriate Federal financial institutions regulatory agency.
3. If Respondent is affiliated with another appraiser on the effective date of this ORDER, or begins such affiliation after such effective date, Respondent shall forthwith provide a copy of this ORDER to any such affiliated appraiser and provide the Regional Director of the FDIC's Kansas City Regional Office with written evidence of compliance with this provision.
4. Respondent shall promptly provide
1 Subsection (b)(8), as referenced in section 8(e)(7)(A)(ii), 12 U.S.C. § 1818(e)(7)(A)(ii), has been redesignated as subsection (b)(9).