Posted on 09/26/2015 9:51:10 AM PDT by MarvinStinson
everything with Obama’s name on it is A Money Laundering Scheme
Great info.
Insurance Broker Gets 11 Years In NJ School Bribery Scheme
By Martin Bricketto
Law360, New York (November 16, 2012, 7:55 PM ET) —
A former insurance broker for a New Jersey school district was sentenced Friday to more than 11 years in prison for conspiring with others to provide the district’s top administrator with $1 million to $2 million in bribes and other benefits.
Those payments were to ensure that defendant Francis X. Gartland, 71, of Baltimore, Md., secured and retained insurance business with the Toms River Regional School District, according to U.S. Attorney Paul J. Fishman.
As with former Toms River Regional Schools Superintendent Michael J. Ritacco, Gartland was handed a 135-month prison term from U.S. Judge Joel A. Pisano in Trenton federal court. Gartland previously had pled guilty before the judge to charges of mail fraud, conspiracy to defraud the Internal Revenue Service and perjury.
http://www.law360.com/articles/394669/insurance-broker-gets-11-years-in-nj-school-bribery-scheme
Thanks for the update.
Good info. Thanks.
In the center of London financial district
which some say rules the US Federal Reserve and the rest of the international financial world
the insurance companies are the largest and most prominent buildings.
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London’s Finance Industry
http://www.uncsbrp.org/finance.htm
Much of London’s finance industry is located at the “Square Mile” or the “City,” the long standing business hub of London. It is estimated that the financial services sector employs about 315,200 people within the City.
London has been the financial hub of the United Kingdom and a major trade and business centre since the Middle Ages. Today the city competes with New York City for the status of the world’s major financial centre.
Other emerging financial centres of the world such as Hong Kong and Shanghai gain ground, but cannot hope to displace London as the world’s premier financial city in the near future.
Major Activities
Apart from traditional banking activities and insurance, London also thrives as a centre for foreign exchange and bond trading. The city teems with many trading facilities and trading hubs in foreign exchange, futures, global insurance and bonds. The foreign exchange market has a daily global turnover of about 2.5 trillion GBP. London accounts for about 0.73 trillion or 36.5 percent of the pie. The Bank for International Settlements estimates that London generates 0.88 trillion or 46 percent of daily global revenue in the interest-rate derivative market.
Major Institutions
London has always been the seat of many multinational financial organisations. Some of the major financial institutions currently having their headquarters in London are:
Bank of England
The Bank of England is the UK’s central bank. Established in 1694, this is the second oldest central bank in the world and the model on which central banks of other countries base themselves on. The bank was initially privately owned but nationalised in 1946. The bank sets UK’s monetary policy, issues bank notes in England and Wales and regulates the issue of bank notes by commercial banks in Scotland and Northern Ireland.
London Stock Exchange
Established in 1801, the London Stock Exchange today enjoys a market capitalization of almost US$4 trillion. This makes it the largest stock exchange in Europe and the fourth largest in the world. The Alternative Investment Market, a subset of the London Stock Exchange, is a stock exchange for small firms. This exchange is relatively less regulated and has no requirements for capitalisation or number of shares issued, providing flexibility to small firms. Established in 1995, this exchange has raised about £24 billion for over 2,200 companies.
London Bullion Market
The London bullion market run by the London Bullion Market Association (LBMA) under the overview of the Bank of England is the world’s largest market for the wholesale trading in gold and silver. It finds patronage from almost all major international banks, bullion dealers and refiners all over the world. The average daily turnover is about 18.3 million ounces of gold and 107.6 million ounces of silver.
Lloyd’s of London
Lloyds Banking Group is a financial conglomerate traditionally known for its insurance services but also offer retail banking, pensions, insurances and other private services. It has revenues of about £43.5 billion.
HSBC
The London headquarters of HSBC controls its sprawling network of 7500 strong offices spread across 87 countries. The bank offers personal financial services, commercial banking and private banking on a global scale. The present entity was established in 1991 but its roots trace to the Hong Kong and Shanghai Banking Corporation established in 1865.
Barclays
Barclays ranks in the list of top ten financial institution of the world. It offers retail, commercial and investment banking and has revenues of about £31 billion.
Standard Chartered
Standard Chartered provides consumer, corporate and institutional banking services. It has revenue of over more than £9.8 billionbillion.
Apart from such household names, London is host to over 500 banks, including 251 foreign banks. A good example is the Frankfurt based Deutsche Bank that employs more than 8,000 people in London. Most of the recent growth in the London financial districts can be attributed to the patronage of international banks.
So when do we have the perp walk?
You’ll have to ask the so called US Justice Department.
I’ve asked this question before, but is there any possible reason why individual states would not have collaborated on the software for the exchanges unless there were kickbacks from the software businesses to state officials? The software would look basically the same in every state with very few exceptions, but no we needed 50 different software companies to reinvent the wheel.
One starts to wonder whether this is a means by which pubies get paid by extracting $ from guilty RATs in exchange for botching the investigation.
They way Obamacare was set up, it was doomed to fail. Republicans had some good ideas which might have helped it stay afloat a bit longer (tort reform, insurance competition across state lines, MSA’S, e.g.), but Democrats wouldn’t consider a single one.
Democrat’s fondest hope is that it totally collapses and the citizenry clamors for single payer. Then unionize all those government health care workers and Rats have a HUGE voting block to exploit.
Since government has made such a mess out of it thus far (and add to that the VA heath care failure), I don’t see people wanting to put the whole shebang in Uncle Sam’s hands.
I have often wondered how much money in in Obama’s private Swiss Account.
Worth repeating
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“The software would look basically the same in every state with very few exceptions,
but no we needed 50 different software companies to reinvent the wheel.”
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Now we are finding out that he too had governor emails on his personal account they have been frantically deleting.
Why did he resign?
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