ISRAELI LINK TO PENSION SCANDAL (NY Dems kickback scheme has whiff of Madoff)

NY POST ^ | 4/24/09 | FREDRIC U. DICKER State Editor. Additional reporting by Yoav Gonen

[Liz]

EXCLUSIVE The explosive probe of NY state's pension fund may find payments by an Israeli company kicked back to indicted political guru Democrat Hank Morris.......Israel-based Giza Venture Capital paid DAV-Wetherly Financial, LA, a substantial finder's fee after it got to manage $20M in state pension funds in 2005......DAV-Wetherly, in turn, secretly gave part of the fee to Searle & Co, Conn...... NY AG Andrew Cuomo, has charged that Morris used Searle to illegally get $15M in kickbacks. Giza was given the contract as part of ousted Democrat Comptroller Alan Hevesi's efforts to pursue "investment opportunities" with Israeli-based companies. But the Israeli deal was finalized only after Giza agreed to hire DAV-Wetherly (named in Cuomo's 123-count indictment of Democrat Morris). Cuomo wants to interview Giza execs.......... Giza's web site says it manages about $600 million.......executives in Israel did not respond to reporters' requests for comment. A spokesman for DAV-Wetherly, headed by prominent Democratic contributor Daniel Weinstein, had no comment.

[Liz]

Bernanke, Paulson, Merkin---salivating to divvy up the taxpayers' billions. Americans have not yet learned the full extent of official corruption, thievery, schemes and scams involving $TRILLIONS of tax dollars aided and abetted by the dupes on Capitol Hill.

THE WHIFF OF MADOFF J, Ezra Merkin---ousted head of GMAC---got a $6 Billion taxpayer bailout---and was also feeding funds to Madoff from four investment vehicles he ran.

JUDGE MAY UNSEAL FILES Details of J. Ezra Merkin’s lies to investors could be laid bare in five crucial documents that detail what Merkin told investors, how much in fees he earned for "managing" investments via his $1.8B Ariel hedge fund invested with Madoff. Merkin’s lawyers claim details might put Merkin's so-called "sub managers and advisors" at risk. The documents include Merkin and his cohorts had with investors, that show Merkin promised to do due diligence and invest in a broad array of stocks. Despite such promises, Merkin simply handed the money over to his pal Bernie Madoff…. documents also include personal details that reveal how much Merkin's close advisors -- such as fund manager Victor Teicher got paid helping Merkin…..and details of the ongoing investigation into Merkin's affairs by NY AG Andrew Cuomo.

THE MERKIN STORY J. Ezra Merkin lives in a posh duplex at 740 Park Ave, Manhattan, known as the richest address in NYC. Merkin is the son of the late Hermann Merkin, a lion of Jewish philanthropy who gave millions to help build Yeshiva University, the Fifth Avenue Synagogue, and NYC's Merkin Concert Hall. Merkin's father was a director of the Israel Discount Bank of New York......this is the bank US investigators leaned on for money laundering misdeeds.

MERKIN'S CAYMAN ISLAND HEDGE FUND As GMAC chairman, J Ezra Merkin ran hedge funds as a sideline and was feeding funds into Madoff's operation (and pocketing hundreds of $millions in fees)-----Merkin's name is connected to 1) Ariel Fund, based in the Cayman Islands (an infamous money laundering haven--a partnership between Merkin and London's Fortis Bank), (2) Ascot Partners, (3) general partner of Gabriel Capital LP, a $5 billion family of hedge funds, and, (4) managing partner of Gotham Capital.

On April 6, 2009, New York Attorney General Andrew Cuomo filed civil fraud charges against J. Ezra Merkin alleging he "betrayed hundreds of investors" by moving $2.4 billion of clients' money to Bernard Madoff without their knowledge. The complaint states, he lied about putting the money with Madoff, failed to disclose conflicts of interest, and collected over $470 million in fees for his three hedge funds, Ascot Partners LP with Ascot Fund Ltd., Gabriel Capital Corp. and Ariel Fund Ltd. He promised he would actively manage the money, but instead, he misguided investors about his Madoff investments in quarterly reports, in investor presentations, and in conversations with investors. "Merkin held himself out to investors as an investing guru.......In reality, Merkin was but a master marketer."

Madoff depended on feeder funds to funnel investor deposits directly to him. In 2000, Merkin told investors in his Gabriel and Ariel funds that he was investing in distressed assets and bankruptcies when he actually transferred more than one third of each of those funds' money to Madoff.

Merkin's Ascot Partners formed in 1992, held $1.7 billion from 300 investors, and earned him $25.5 million per year by the end of December, 2008. He advised investors that only 15% of the fund was invested with Madoff. "Substantially all" of its assets went to Madoff, although he represented the contributions as only a 15% investment.

Merkin became embroiled in controversy when Ascot Partners investors were told of the connection in a letter faxed to them on December 11. Many of them were not aware or told of the connection to Madoff, and Merkin denied any connection to Madoff when asked by an investor. Merkin lied to a client that his investment was with Morgan Stanley, and protected.

BACKSTORY GMAC chair J Ezra Merkin and Chrysler's Stephen A. Feinberg (who also owns private equity firm---Cerberus Capital Management LP). The two partnered to buy Bank Leumi from the Israeli government for $500 million.

BAILOUT SWILLERS Stephen A. Fineberg's private equity firm---Cerberus Capital Management LP--- also owns Chrysler Motors. The US Treasury bought a $5 billion stake in GMAC, and lent $1 billion to GM. This latest loan is IN ADDITION to the $13.4 billion the US Treasury lent earlier to J Ezra Merkin's GM, and Fineberg's Chrysler.

SWILLING TIMELINE In 2006, GM sold 51% of Merkin's GMAC to Feinberg's private equity firm Cerberus Capital Management LP (which also owns Chrysler).

HOGGING AT THE PUBLIC TROUGH In May 2004, Feinberg's "private investment group," Cerberus Capital Management, LP (Cerebrus is the three-headed dog that guards Hades), became majority owner of IAP Worldwide Services, Inc, one of the US Army’s largest contractors in Iraq. In Afghanistan, Feinberg's IAP runs a drug/addiction center" in Kunduz---Kunduz is the largest opium supplier in the world. BUSY LITTLE BEAVER IAP also provides infrastructure support for the British Ministry of Defence in Kandahar....apart from supporting the US Army in Basra.

TIMELINE On October 19, 2006, John W. Snow, Secretary of the Treasury under George H.W. Bush, was named head of Cerebrus.

BAILED OUT AND STILL SWILLING Stephen A. Feinberg's IAP also serves a broad array of federal clients including the US DOD, NASA, the US Geological Survey, the US Agency for International Development, the IRS, and a variety of other federal agencies.

FEDERAL RESERVE INFO A FACTOR? Madoff's connections to J Ezra Merkin and Stephen Fineberg's company---Cerebrus---could also mean the connivers were stealing Federal Reserve insider info. Ex-Treasury Sect John Snow headed Cerebrus. Knowing Federal Reserves moves in advance would make zillions for the thieves...........on top of the billions they were swilling elsewere. These termites were running rampant allover the US government---Merkin and Feinberg's auto companies received billions in govt bailouts.

[Frantzie]

Billy Ayers daddy sat on the board of Searle and Co. I remember the old Searle made food additives like the swwetner and did some pharamaceuticals. I wonder if this is the same Searle.

Ezra Merkin is a crook like Madoff.

[Liz]

Ezra Merkin is a crook like Madoff.

All of the crooks---are big Dem donors. What does that tell ya (/snicker)? Oh wait----they got this guy Fineberg masquerading as a conscervative (one of them punkneos). This way they can still cash when the Beltway power shifts. Now the termites are all fighting to take turns under O's desk.

Billy Ayers daddy sat on the board of Searle and Co. I wonder if this is the same Searle.

Searle & Company is a financial services firm .... offers Separately Managed Accounts (SMA's) that invest in value ...... Searle & Co. 333 Greenwich Ave. Greenwich, CT 06830 TELE 203.869.4800. The firm was established in 1982 and is headquartered in Greenwich, Connecticut. searleco.com/municipals.html

Searle & Co Inc's pharmaceutical business also does micro research: Address 333 Greenwich Avenue Greenwich, CT 06830-6505 ...

[Condor51]

Giza Venture Capital paid DAV-Wetherly Financial, of Los Angeles, a substantial finder's fee after it got authority to manage $20 million in state pension funds in 2005, sources said. ... DAV-Wetherly, in turn, secretly gave part of the fee to Connecticut-based Searle & Co., one source said.

Color me corn-fused????

Dav- Wetherly Financial, L P
11601 Wilshire Blvd # 300, Los Angeles, CA 90025-0509
Location Type: Single Location
Est. Annual Sales: $68,000
Est.# of Employees: 1

A one man company with $68K in annual sales all of a sudden gets a mutli-million dollar deal?!? I don't think so! This reeks of ILLEGAL KICKBACK.

Sheesh. Even the overtly crooked IL and Chicago pols (aka: The Combine) wouldn't be so dumb to do a thing like this. And that's saying something, they'd sell their own mother for a buck.

[Liz]

N-i-c-e find. The crooks setup a sham LA company----Dav- Wetherly Financial, LP----to launder the pension money………..

BTW, speaking of dumbo Dem Chicago pols (aka: The Combine) who would sell their own mother for a buck....have you heard?

“My figging mother made me take these stupid dancing lessons."

" I wanted a career as spokesman for products that protect the health of male genital organs. "

"Planned Parenthood spends millions promoting sanitary sexual organs."

"BTW, anybody got a rolled-up sock handy?"

[BlackVeil]

In May 2004, Feinberg's "private investment group," Cerberus Capital Management, LP (Cerebrus is the three-headed dog that guards Hades), became majority owner of IAP Worldwide Services, Inc, one of the US Army’s largest contractors in Iraq. In Afghanistan, Feinberg's IAP runs a drug/addiction center" in Kunduz---Kunduz is the largest opium supplier in the world.

Very sinister, interwoven, links. The drugs mafia are an international cartel of astonishing power. No government can take them down. And it now seems that governments are giving them free gifts of billions of tax payers money.

[Liz]

Very sinister, interwoven, links. The drugs mafia are an international cartel of astonishing power. No government can take them down. And it now seems that governments are giving them free gifts of billions of tax payers money.

REFERENCE In Afghanistan, Chrysler's Feinberg runs IAP Worldwide Services, Inc------one of the US Army’s largest contractors in Iraq----AND also runs a drug/addiction center in Kunduz---Kunduz is the largest opium supplier in the world. NOTE Chrysler got billions in US govt bailouts.

HERE'S THE LATEST Feinberg "regrets" choosing his company's name-----(Cerberus, the three-headed dog guarding Hades)---due to its negative connotation.

ROTFL.....excuse me while I die laughing. Watta figgin jerk---the guy actually thinks people believe his garbage.

Keep in mind, these guys pocketed billions-----there's not that many people around sucking up billions. No one makes that much money without conniving---and hooking up with connivers. Chrysler's Fineberg was doing deals with GM's Merkin who was dealing with Madoff. Fineberg and Merkin own an Israeli bank together.

Fineberg prefers people think he did not know his buddies GM's Merkin and Madoff are crooks (Fineberg's partner Merkin got $6 billion in US govt bailouts and was feeding millions to crook Madoff).

As Confuscious say---tis better to be thought a stupid airhead than to admit to financial hanky-panky.

In the elite, closed world of billionaires, Fineberg HAD to know Merkin and Madoff were crooks. He HAD to know who he was dealing with....there's just not that many people around sucking up billions.

And how convenient for Fineberg to declare himself "a (gag) conservative" when conservatives held power. When the conniving frauds----the neocons----were duping Bush into pouring trillions into Mideast hellholes.

Lastly....let's see what the guy does now, since the Beltway power has shifted. Probably like those ratfink CINO necons, Fineberg is taking a turn under Obama's desk.

[SunkenCiv]

Israel-based Giza Venture Capital paid DAV-Wetherly Financial, LA, a substantial finder's fee after it got to manage $20M in state pension funds in 2005... DAV-Wetherly, in turn, secretly gave part of the fee to Searle & Co, Conn... NY AG Andrew Cuomo, has charged that Morris used Searle to illegally get $15M in kickbacks. Giza was given the contract as part of ousted Democrat Comptroller Alan Hevesi's efforts to pursue "investment opportunities" with Israeli-based companies. But the Israeli deal was finalized only after Giza agreed to hire DAV-Wetherly (named in Cuomo's 123-count indictment of Democrat Morris)... A spokesman for DAV-Wetherly, headed by prominent Democratic contributor Daniel Weinstein, had no comment.

[Just mythoughts]

Bama is in campaign mode, and everything that gets programmed for him to project is about getting reelected.... Now if the big dollar donors start getting shorted, Bama’s bucket could take a big hit.

[Liz]

The market collapse, and Madoff’s Ponzi ripoff wiped out the formidable Jewish-Dem fundraising machine; the damage is large enough that Dems are actively searching for other campaign funding solutions.

Obama and the Dems have concluded Hispanics would replace Jews as a voting bloc and fund-raising source.

Vote-hungry Democrats are tripping over themselves to suck-up to illegals. The endless government freebies pols exchange for votes is a con game to force taxpayers to subsidize Dems sleazy re/election tactics.

The only wild card is Obama's COS--- Boy Wonder Rahm Emanuel----one never knows what this cunning, calculated individual will come up with. Emanuel's a dual US-Israeli citizen, and a Wall Street operator who became wealthy overnight.

Wonder how much Rahm knew about Wall Street scams that collapsed the market----and exactly what Rahm knew about Madoff's con-----as he was toiling in the cozy canyons (/snic).

Boy Rahm had to know----there's just not that many people around sucking up billions.

[Just mythoughts]

Every time the prompter gets read aloud, I listen (actually, I read the words, as I can't stand to hear his voice) in terms of a campaign speech solely for the purposes of getting reelected.

We only get to see or read slight snips of the under currents going on in liberal circles. The appearances are that a tight ship is being run but I suspect there are several whirlpools pulling down whomever gets in the way of that reelection goal.

Rahm will have to look for work if Bama is not reelected.

[Liz]

Rahm will have to look for work if Bama is not reelected.

Thanks I needed a bit of good news----let’s hope……….

[Just mythoughts]

Thanks I needed a bit of good news----let’s hope……….

At this point I am seeking to discern if there is one singular programmer for the presidential prompter or if there are many. Now Axelrod and Rahm seem to be first in line as to what words Bama speaks. And one can be assured they both are NOT interested in giving up their government perks anytime toooo soon.

[Just mythoughts]

I am listening to Rush and that ninny writer Brooks’ words are being aired.... AND he is slopping it on thick and big time over Bama, when in fact the evidence demonstrates that unless somebody programs Bama’s words Bama is nothing BUT ah ah ah redistribute the wealth.

[Condor51]

Obama and the Dems have concluded Hispanics would replace Jews as a voting bloc and fund-raising source.

From other threads posted and articles on Drudge it looks like Barry is now going to throw Israel and the Jews under the bus. So he's going to need a new group with deep pockets and Hispanics look like they are it. IMO that's why Janet Nappy won't close the border or test Mexicans coming in for the 'Mexican Swine Flu' like most countries are doing. We can't 'offend' them. /s

The only wild card is Obama's COS--- Boy Wonder Rahm Emanuel----one never knows what this cunning, calculated individual will come up with. Emanuel's a dual US-Israeli citizen, and a Wall Street operator who became wealthy overnight.

Any dual citizen, from ANY other country, has NO BUSINESS being near classified information let alone being the WH Chief of Staff. I wouldn't be surprised if he was a Mossad agent.

[Liz]

.....unless somebody programs his words, Bama does nothing BUT redistribute the wealth......

You got that right.

"It's Rahm, sir. He kept count at your presser on the economy.
You said 'invest' (not tax/spend) 18 times just like he taught you."

" Nobody believes those 'judgemental' conservatives who say govt's don't invest.
Rahm says all that matters is we got the taxpaying suckers brainwashed.
The suckers won't know what hit 'em til it's too late, when we got all the money."

"Rahm says forget Kroft saying you're "punch drunk" ----we laugh no matter what happens."

[Liz]

A dual citizen from ANY country has NO BUSINESS being near classified information let alone being WH Chief of Staff......I wouldn't be surprised if Rahm is a Mossad agent.

Even worse----Rahm’s asleep at the switch-----a Mossad agent who is not doing his job. Netanyahu had to remind Rahm recently what his WH job is for---saying publicly that Rahm should not forget he's a Jew.

He'd have to be a fool not to see it. A 2000 year-old heartrending Jewish prayer ends with "next year in Jerusalem" memorializing the endless years Jews were barely tolerated, chased out of every country they settled in........expresses a deep longing to settle in one place from which no one could chase them out of, where they would be not just guests, but in charge. Jews have recently exercised control in parts of Jerusalem for 60 years, and over all of it for more than 40. That may change......as the poignant prayer reverts to the 2000 year-old lament.....after Jews were thrown out of Jerusalem.

Rahm's emails and cell phone records will get interesting.....when he starts getting his orders.