Readings — From the June 2008 issue

Contempt of Court

From a deposition given over two days last year by Aaron Wider, CEO of HTFC, a mortgage investor, to Robert Bodzin, a lawyer for GMAC Bank. In February, U.S. District Judge Eduardo Robreno declared the deposition a “spectacular failure,” ordered Wider to give a new deposition, and fined Wider and his lawyer, Joseph Ziccardi, more than $29,000 for “hostile, uncivil, and vulgar conduct.” GMAC Bank has filed a lawsuit against HTFC alleging that the company sold loans that were not properly underwritten.

Robert Bodzin: My question is: Where are you currently employed?

Aaron Wider: I’m not. I work for free.

Bodzin: Okay. You’re not employed by HTFC Corporation?

Wider: No, I own HTFC Corporation. Be specific.

Bodzin: Okay. And what do the initials HTFC mean?

Wider: Hit That Fuckin’ Clown. That’s what it means. It’s an acronym.

Bodzin: Were you involved in flipping the property at 207 North Rutherford?

Wider: You tell me. And you provide that evidence to the court.

Bodzin: It doesn’t work that way, sir.

Wider: Yes, it does. That’s my answer. Listen, we can go around in circles and you’ll end up with the same answer: You tell me. You’re that good. You’re hired by GMAC.

Bodzin: Sir, were you involved in flipping that property?

Wider: I can’t recall. I’m involved in flipping you.

Bodzin: Sir, can you identify any specific loans that you wanted to sell into the marketplace that you were unable to sell?

Wider: I can identify hundreds.

Bodzin: Identify those loans for me.

Wider: I don’t carry them in my head, Bob.

Bodzin: Where is the information that would describe these loans?

Wider: Can you spell your name backward, Bob? That’s what you’re asking. Everything is done electronically. Everything is in the files. Can you spell your name backward, Bob? Tell me.

Bodzin: We’re going to adjourn this deposition, because you’re offending everyone.

Wider: Don’t speak for anybody here except yourself, fuckface.

Bodzin: I’m speaking for myself and I’m speaking for the court reporter.

Wider: If she had a problem with me, she would say something. She knows it’s not directed toward her. It’s directed toward you because you’re a piece of shit. I enjoy when you sit there and say I’m perpetrating a fraud, because I’m just better at the law than you are. You can’t get in the fucking door, and it’s pissing you off. Keep trying.

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  • Dope

    Today is a great day. Aaron Wider that crack head, unintelligent, despicable piece of garbage was arrested today for 30 million in mortgage fraud. One less piece of crap out of the mortgage business.
    Thanks to dopes like him we have the Dodd Frank Act which is an overregulated government nightmare . Good riddens my friend.


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