[Liz]

"I'm a friend of both Obama and Bill Clinton. They depend on me for financial advice."

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CORZINE'S GOT FRIENDS IN HIGH PLACES
THE DEM/CRONY CORRUPTION BEAT GOES ON FOREVER

FACTOID: Dec 05, 2011---Fox News Report: A former MF Global employee accused former president Bill Clinton of collecting (laundering?) $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy, reports Human Events.

Teneo was hired by Corzine MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s world-wide political web. The Teneo contract lasted at least five months-- cancelled after Corzine resigned.

Clinton's Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services. Clinton is the chairman of the company’s advisory board, reports Hum/Events

FACTOID Obama TARP'ed (laundered?) $17.5B federal dollars to then-NJ Gov Corzine. Media investigations could not find where the money went----just (heh) "disappeared."

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REFERENCE Corzine’s financial my$tery / NY Post, January 8, 2012 / By Jonathon M. Trugman

It’s been a long while now since that frightful Halloween 2011 when MF Global filed the eighth-largest bankruptcy in US history. Too long a time if you are an MF customer and can’t get access or answers to what happened to your money.

Certain individuals at MF Global breached the sacrosanctity of segregated customer accounts to cover for liquidity shortfalls induced from extremely leveraged bets gone extremely bad, reportedly made by CEO Jon Corzine and his confidants (including MF bigwigs Brad Abelow and Chris Flowers).

Which brings us to a primary point in the MF Global debacle: Exactly where were Jon Corzine’s millions held while his firm was leveraging up 40-to-1? And for that matter, where were his lieutenants’ funds held? Unfortunately, those answers are not forthcoming from any of the parties.

It is almost unanimously mandated by Wall Street that officers of brokerage firms keep their investment accounts at the firm where they work. This is done for compliance reasons. If Corzine and his inner cadre of lieutenants had their millions at MF Global, were their accounts breached, as well? Are they being treated identically to other MF Global account holders in terms of the massive amounts of their missing money and the lack of access to what’s rightfully theirs?

If Corzine et al. didn’t keep the vast majority of their money at MF Global, then why not?

It’s been reported that a mere two weeks before filing for bankruptcy, while the skies were darkening for MF Global due to the European tidal wave, Corzine and his wife were apparently chateau shopping in the south of France, no less. While both Corzine and his wife are extremely wealthy people, chateau shopping just 15 days before filing this country’s eighth-largest bankruptcy are not the actions of a man with good analytical skills or who is overly concerned about the fate of his teetering financial empire — unless his own money isn’t at risk. ####

http://www.nypost.com/p/news/business/corzine_financial_my_tery_5cucZtZho95Sr1MhnotnxJ#ixzz2HTaVKt6v

[Liz]

Screwed Corzine Investors have plenty of recourse to nail MFG kingpins Corzine, Abelow and Flowers (Corzine's Goldman Sachs cronies). MFG investors need to mobilize The Bank Secrecy Act----enacted by Congress to protect investors, bank patrons, depositers, etc, from fraud.

Charges might include:

(1) criminal tax fraud,

(2) deliberately misstated income,

(3) filing false IRS returns,

(4) falsifying official documents,

(5) intentionally mislabeling personal expenditures as business expenses,

(6) utilizing investor funds inappropriately,

(7) fraudulent use of investor funds for lavish personal expenditures,

(8) fraudulently declaring personal expenditures as legitimate business expenses.

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REFERENCE

The "Bank Secrecy Act" was passed to protect the public from harm by identifying and detecting criminal enterprises, money laundering, tax evasion or other unlawful activities.

Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity that might be indicative of fraud, money laundering, embezzlement, and other financial crimes.

MODUS OPERANDI Joint bank accounts might be used to facilitate the transfer of funds....may pay for personal and private expenses, credit cards, real estate sunsidies and vehicle purchases.

To cover their tracks, fake invoices might be created to show that money deposited into accounts was being used for legitimate purposes. The scheme might be advanced by issuing statements of payments from other sources that actually covered the transfer of funds for their own use.

L/E is directed to get ahold of: (1) copies of checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence including e-mail, contracts, loan agreements, and, (8) any other books or records.

L/E should also explore (a) monies paid to brokers, sub-brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.

L/E should scrutinize bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) request for withdrawals.

Bank records might also show diversions to secret LLC and other accounts, to operate personal businesses. Fraud can also be facilitated by withdrawals, gift cards purchases, credit card purchases and intrabank transfers from business accounts into personal accounts.

A huge tipoff is whether bank withdrawals support luxurious lifestyle including payments for real estate, investment and stock holdings, jewelry, luxury vehicles, resort travel and gifts from luxury outlets for wives and mistresses.