It seems like a lot of people knew First Republic was going to collapsehttps://t.co/maBDS9ji3i https://t.co/VsGGz0H1vI
— Crowdsource The Truth (@JG_CSTT) April 21, 2025
🧵Was Andrew Weissmann's Magical $1M Mortgage Dumb Luck or Massive Fraud?
This "suspiciously timed loan" is starting to look like a rigged asset transfer hidden with the foreknowledge of a pending bank collapse and buttressed by a litany of bold felonies... 👇🏻We know about Andrew's $1 million mortgage signed April 26, 2023 with First Republic Bank for two luxury Tribeca condos bought from a Jeffrey Epstein associate.
But why would a bank be issuing loans five days before collapse? May 1, FDIC seized the bank then JPMorgan took over.Normally, a bank in crisis shuts off lending. It doesn’t issue new $1M adjustable rate mortgages with remarkably favorable borrower terms just days before its impending death, but that's exactly what First Republic did for Dandy Andy...So what happens to a failed bank's nasty loans when a new bank takes over? Do bad asset get foreclosed?
Weissmann’s last minute million dollar mortgage wasn’t questioned at all. It was quietly transferred to JPMorgan by the FDIC almost 10 months later, on Feb 28, 2024.That means:
💰 JPMorgan assumed the loan
💰 They didn’t renegotiate
💰 They didn’t challenge the underwriting
💰 They didn’t demand changes
They just took the loan as-is including that sweet, sweet 4.95% interest rate, fixed for 10 years 💰💰In April 2023, mortgage rates were 6.5 – 7%. Weissmann somehow gets 4.95%, fixed for a decade.
Did he use a dying bank to force a solvent bank into a million dollar boondoggle?
How could he pull this off? Was JPMorgan complicit, or did they get played by Dandy Andy?This isn’t a story about a mortgage. It’s a story about regulatory capture, insider knowledge, and illegal asset protection.
A $1M mortgage signed days before collapse sails through FDIC and lands in JPMorgan’s lap with terms no regular borrower could dream of.
More to come...• • •
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