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A billboard for The Mortage Specialists on South Willow St in Manchester Monday. (Mark Bolton/Union Leader)

Business owner's signs attack politicians, judges

MANCHESTER - The president of The Mortgage Specialists Inc. is taking his allegations of widespread corruption by state officials, lawyers and judges straight to the public by posting them on large, flashing electronic signs outside his offices here and three other southern New Hampshire locations.

"We live in a state of corruption," Michael J. Gill said Monday.

"I have to send out the smoke signals. I have to stop asking people for news and make the news," he added.

Gill is owner and president of The Mortgage Specialists Inc., a mortgage loan origination company with headquarters in Plaistow and offices in Manchester, Nashua and Somersworth.

Gill said he put up the new message last week alleging corruption on the part of the state's Attorney General, Banking Department, courts, judges and public officials.

Gill, who lives in Derry, said he hopes the signs will get the attention of the public and prompt the FBI to launch an investigation into alleged corruption and cover-ups by these state officials and agencies.

The Banking Department and Attorney General's offices could not be reached for comment Monday because they were closed for the holiday. A spokeswoman for the state's judiciary system had no comment.

In August 2008, Gill and The Mortgage Specialists' compliance officer, Lisa Tracy, reached a settlement with state banking regulators in which they agreed to pay $425,000 and submit to independent review. The banking department had issued a cease-and-desist order July 23, 2008 against Mortgage Specialists and key employees alleging violations of state laws and regulations, including fraudulent loans and altered documents. Gill denied any fraud was ever involved.

Gill filed a complaint in federal court in Concord last April alleging the state's Banking Department abused its regulatory authority and conspired with "certain attorneys" to engage in conduct intended to put The Mortgage Specialists out of business and cover up its "oversight failures, including allowing Financial Resources Mortgage Inc. to run a Ponzi scheme for years with impunity."

The court dismissed the complaint.

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