Stock Traders Nabbed – Corporate Scandals

Jul 10
2004

Wall Street Part II? 

I watched a full hour 7/8/2004 watching CNN and a shocking interview with a “whistle blower”, regarding the sweeping charges against many large brokerage firms and mutual funds about “after hours buying” at closing bell prices. These companies were quietly admitting to, and making settlements to reimburse “whomever” for the practice of selling shares after hours at the closing bell price.

This allowed people to watch news, garner information and make very educated (”fixed”) decisions to purchase at the closing cost, knowing full well, that some bit of news or information they stumbled over would most definitely affect prices on the trading floor when the bell rang for trading the next day. They’d be “sitting pat” on millions of dollars, of “after hour” traded stocks (this is highly illegal) purchased “at a song” given the information in the news, on the radio, TV and the “good ole’ boys” loop, of some bit of news that would cause the stock price to shoot up. Before it leveled out and began to stabilize (drop a bit), our boys would be “cashed out” with millions in their pockets (may God remember the suffering they have caused). All in less than 24 hours!

In fact, I was going to share my thoughts on one company in particular. I started to research the case and found that I had hit the tip of the iceberg. As I waded through news sites and clicked on a “Business” sub-menu, at MSNBC for instance and found entire pop-out sub-menus covering case after case of stock fraud, misuse of company funds and worse. These guys make car-jackers and drug dealers look like “choir boys”, and BTW seem to be as slippery as an eel. Check out the Fund Scandal section, in fact look at the links to other “Fund Scandals”, at the bottom of this page. It’s enough to make me physically ill!

Just for kicks, and if you really enjoy a hard kick in the groin, please follow me to this page devoted to ongoing corporate scandals and so much more. I promise you’ll be angry! I’m livid and have no one but “Bob” the rubber “punching bag man”, to “beat the crap out of” over it! You’ll find links to such eye openers as:

MCI files suit against ex-CEO Ebbers

Lay pleads not guilty

White House downplays Bush relationship with Lay

MORE CORPORATE SCANDAL NEWS

Martha Stewart’s bid for new trial denied

Adelphia founder John Rigas found guilty

Knight settles with regulators, warns

Tyco lawyer right to take bonuses

Goldman Sachs to pay for improper sales

Siebel faces SEC charges on selective disclosure

Check these out or bookmark this post for later reference, it’s a real “Hall of Shame” lineup. Departing from that side of crime, we’ll have some fun in upcoming posts.

I’m shifting gears to self defense…up close and in your face! The stuff that works in the street, puts ‘em down and allows time to recover or escape. It’s going to be a blast! Hey, if any of you guys want to learn some “no-nonsense” basic stuff, gals/chicks/ladies need to end a date, “cool down” an amorous suitor or if you’re just a “big pussy” and want to learn some cool self defense tricks that work……tune in, because they’re coming next!

White Collar Thugs – At It Again

Jul 09
2004

Conspiracy, Bank Fraud and Securities Fraud

The Associated Press

Updated: 6:07 p.m. ET July 08, 2004 reporting and coverage at MSNBC

Another Pair of white collar thugs were found guilty of the above charges and “for looting the cable company and duping its investors”.

It seems as if Adelphia Communications Corp. founder John Rigas and his son Timothy were convicted of all 15 securities fraud charges against them and other counts. Each faces 30 years in prison on the most serious charge, bank fraud.

While most of the alleged fraud took its form in hidden debt, the trial was also notable for examples of the eye-popping personal luxury that has marked other white-collar trials. John Rigas had ordered two Christmas trees flown to New York, at a cost of $6,000, for his daughter. Rigas also ordered up 17 company cars and the company purchase of 3,600 acres of timberland at a cost of $26 million to preserve the pristine view outside his Coudersport home.

In his closing argument on behalf of Timothy Rigas, lawyer Paul Grand tried to distance the Adelphia four from Enron Corp. officials, whom he called “real corporate villains”. Yeah right! Your clients were real model citizens right?

Next post we’ll look at more white collar criminals who get away lightly for stealing millions, and in some case billions of dollars, from honest working people. May they get a cell with some radical inmate, a lifer who decides he either “likes” or “dislikes” the way they look. Bet the view isn’t quite as pristine. They’ll have to do their time and see what a convict’s view looks like, as John Rigas contemplates his sore spots…..all of ‘em.

Happy 4th of July To All Americans!

Jul 04
2004

Happy 4th of July to all Americans!

On 7/04/1776 our 2nd Continental Congress adopted the Declaration of Independence, throwing off the “yoke” of British tyranny and declaring the United States of America to be a sovereign nation. God Bless America!

In CONGRESS, July 4, 1776

The unanimous Declaration of the thirteen united States of America

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.

He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.

He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.

He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.

He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.

He has affected to render the Military independent of and superior to the Civil power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:

For Quartering large bodies of armed troops among us:

For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing Taxes on us without our Consent:

For depriving us in many cases, of the benefits of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offences

For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:

For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:

For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attentions to our Brittish brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.

God Bless America! Peace Out!

The “Low Down” On Serial Rapists

Jul 01
2004

Serial Rapists

I would like to turn you on to an excellent article written by a college student and posted on a “pervo” website. Click here to read a nice short synopsis that for it’s sheer lack of size in text, really nails down a lot of components common to the serial rapist.

The author roughly describes his opinions of the psychological makeup of serial rapists, proposes some very rational thoughts on the “types and behaviors” of serial rapists also.

The author offers a few “do’s & don’ts” and how to react immediately following a rape attack, offering some decent advice in this area as well.

Although the spelling and organization are a bit crude, it’s a nice lean piece and “jam-packed” with information. Check it out!