Victor Waid continues a frantic pace of arbitration awards against consumers from January 1, 2009, to March 31, 2009. More than $3.7 million in "Arbitration Awards" were awarded to banks by Mr. Waid in Q1 2009.
Is This Arbitration, or is this Wrongful Arbitration?
During January February, and March of 2009, Mr. Waid signed off on 330 'hearings' for the National Arbitration Forum. Chase Bank, and Bank of America or their proxies (stand-ins) accounted for the lion's share of these 'hearings'.
183 Chase Bank claims crossed Mr. Waid's gavel, and
115 claims from Bank of America or it's assignees/proxies were stamped "ARBITRATION AWARD".
A lucky two consumers managed Awards from Mr. Waid.
During this three-month period, Mr. Waid's 'AWARD' stamp
came down to NINE DAYS. On six of those days, 49-50 "Awards" were signed off PER DAY. On each of those six days, the businesses using the National Arbitration Forum's claimed 'neutral' services got a cool half million dollars ($500,000 plus or minus) in "Arbitration Awards".
BACKGROUND
Victor L Waid is a licensed attorney. He is licensed by the State of California Bar. The State of California Bar website
profile is located here. (CLICK) According to this profile, Mr. Waid's offices are located at:
2625 Fair Oaks Blvd., Suite 1, Sacramento, CA Sacramento County is the California county name for his office location. Do you have an "Arbitration Award" granted by Mr. Waid? If so, were you notified of a hearing, and WHERE WAS IT TO TAKE PLACE? Are YOU in Sacramento County?
The California Bar profile of Mr. Waid also states Mr. Waid attended what's known as Pacific McGeorge. This is a private law school. California State Senator Ellen Corbett is one of the well-known alumni from Pacific McGeorge. The esteemed Senator Corbett served in the California State Assembly from 1998-2004, and was State Assembly Judiciary Committee Chairwoman from 2002-2004. She was also the champion behind the consumer legislation known as the 'Corbett Bill'. This California law (CCP 1281.96) is the only one of it's kind in the nation, and mandates public reporting of arbitration results made by arbitration service providers in consumer-related arbitrations.
IT'S THESE VERY REPORTS MADE BY THE NATIONAL ARBITRATION FORUM THAT CROWN MR. WAID KING OF THE (S)HILL ARBITRATOR FOR Q1 2009!
Mr. Waid's profile on the California Bar website goes on to say he became a member of the bar in 1971. By my math, Mr. Waid is a senior citizen of 62ish years, and has got to be using hair color, or wearing a hairpeace. Jeepers. That picture of him in his resume - what is his secret to the fountain of youth?
Busy Busy Mr. Waid
On those six days where Mr. Waid signed-off on 49-50 "Arbitration Awards" per day, the senior Mr. Waid must have really had his caffeine! Look at the workload: 50 arbitrations divided by an 8 hour day = 6-7 an hour. This is something like 10 minutes an "Arbitration Award". It looks like nobody showed up, and all he had to do was rubber-stamp stuff... I bet if I was in a hurry, I could rubber-stamp 50 files a day, in maybe like, an hour or two!
Look at Mr. Victor Waid's Resume
CLICK HERE FOR MR. WAID'S RESUME
Mr. Waid's resume states the following in the "CLIENT REPRESENTATION" area:
"Representation of financial institutions, credit unions, other creditor institutions, businesses, real estate brokers, doctors, attorneys, employers, employees and manufacturers in state and federal district/bankruptcy courts for recovery of contractual balances...."
Nowhere in Mr. Waid's representation of his experiences does he mention any consumer representation.
Is Mr. Waid an Impartial Arbitrator? Mr. Victor Waid has showed up in the National Arbitration Forum's 1281.96 public report filings since 9-11-2005. Since that time, his name has appeared in the record of "Arbitration Awards" over 2300 times in favor of businesses such as Chase Bank and Bank of America.
In the case of Chase Bank, Mr. Waid made over 874 "Arbitration Awards" in Chase's favor.In the case of Bank of America, over 679 "Arbitration Awards" were made to the bank, or to entities it owns or controls (such as MBNA, FIA) or to proxies (Portfolio Recovery Associates, LLC for example)22 Lucky Consumers were on the winning side of Mr. Waid's "Arbitration Awards" out of the over-2300 total hearings signed-off by him.
OVER 60,000 HEARING RESULTS HAVE BEEN REPORTED TO CALIFORNIA AUTHORITIES SINCE JANUARY 1, 2003. THE ANALYSIS OF THE DATA YOU HAVE READ HERE IS A MATTER OF PUBLIC RECORDS, AND IS BASED UPON DATA PROVIDED BY THE NATIONAL ARBITRATION FORUM. THIS DATA IS PROVIDED BY THE NATIONAL ARBITRATION FORUM TO COMPLY WITH THE CORBETT BILL (CA. CCP 1281.96)
CALIFORNIA 1281.96 REPORTING ANALYSIS