US: excited law firm accuses Soros and Trump of money laundering

David H Relkin, Esq. is out to make his name by bringing an action against George Soros and Donald Trump, Deutsche Bank and more than a dozen others claiming USD4.2 milliard in damages based on a civil court case alleging "Money Laundering, Bankruptcy Fraud, and Bid Rigging (sic)" arising out of a deal relating to "The General Motors Building in New York City."

In a long press release published in the USA yesterday, Relkin says he acts for plaintiff Leslie Dick Worldwide Ltd.

The release purports to quote from filed Court papers in which the plaintiff claims that the actions complained of were the basis of a RICO conspiracy saying "The RICO conspiracy of the defendants was to invest in, operate, and acquire control of various entities involved in continuing fraudulent transactions and surreptitious and conspiratorial alliances and agreements through unlawful means, including but not limited to Money Laundering, Bankruptcy Fraud, and Bid Rigging, acquired Conseco’s prime assets, including Conseco Finance and the General Motors Building in New York City, and thereafter attempted to conceal their illicit activities."

The release goes on to quote further from the court documents: (remember that Relkin uses Billion for Milliard and Trillion for Billion in this verbatim extract).

"Conseco’s Purchase of The General Motors Building With Donald J. Trump In or about May 1998, Conseco and Donald J. Trump entered into a contract to purchase the General Motors Building in New York City, located at 767 Fifth Avenue between 57th and 58th Street, across the street from the Plaza Hotel. The unlawful Money Laundering through the sale of the General Motors Building, orchestrated and carried out by the RICO Enterprise, including George Soros, Soros Fund Management, SFM Management, Vornado Realty Trust, German American Capital, Fortress Investment Group, Donald J. Trump, and the RICO conspirators Conseco, Deutsche Bank, Lazard, Eastdil Realty, Harry Macklowe, Cerberus Capital Management, Lazard, Kirkland & Ellis, Fried, Frank, Harris, Shriver & Jacobson, Carmel Fifth and 767 Manager, and, upon information and belief, other members of the Enterprise and co-conspirators, operated through a pattern of racketeering and forms one of the cornerstones of the defendants’ illicit activities of Money Laundering and Bankruptcy Fraud, predicate acts of RICO alleged herein and Bid Rigging. The Orchestrated Dispute Regarding The General Motors Building Between Conseco And Donald J. Trump Upon information and belief, this was because, at or about the beginning of March 2001, the mastermind of the RICO Enterprise, George Soros, had contacted, among others to be found in discovery, Gary C. Wendt and Donald J. Trump to contrive a Money Laundering scheme to launder money through the sale of the General Motors Building by Conseco, a co-conspirator, through a pattern of racketeering activity. Behind The Scenes Of The General Motors Dispute Soros And Conseco Implement The RICO Activity Upon information and belief, on June 7, 2002 Conseco retained Lazard to assist it with its grave financial difficulties. Lazard would later participate in the RICO conspiracy to analyze the value of Conseco Finance and provide such information to the RICO Enterprise including, Fortress Financial, to enable the RICO Enterprise to acquire and maintain an interest in Conseco’s affiliate Conseco Finance. Upon information and belief, at or about this time, the head of the Enterprise, George Soros, or someone else acting on behalf of the Enterprise, began implementing the pattern of racketeering activities which could be accomplished by having Conseco file for Bankruptcy protection under Chapter 11 of the Bankruptcy Code, so as to acquire Conseco’s assets at a discount price, including Conseco Finance and the General Motors Building and launder money through these entities. During secret negotiations that ensued between the members of the RICO Enterprise and its co-conspirators,the RICO Enterprise engaged in a pattern of racketeering activity involving interstate commerce to acquire an interest in Conseco, to invest proceeds of a pattern of racketeering activities in Conseco, and to conduct the affairs of Conseco through a pattern of racketeering, through Money Laundering, Bankruptcy Fraud and Bid Rigging. The next maneuver in the pattern of racketeering was to use the RICO Enterprise to ensure the sale of the General Motors Building to the co-conspirator designee of the Enterprise, Harry Macklowe, so that Soros could launder money through the rigged sale of General Motors Building. George Soros And His Pattern of Money Laundering Activities In Interstate Commerce Upon information and belief, George Soros is the Chairman of Soros Fund Management, a private investment management firm that serves as a principal advisor to the Quantum Group of Funds, based in the tax free Caribbean Country of Curaçao, a Caribbean tax haven, and a possession of the Netherlands Antilles.¶173. Upon information and belief, the Netherland Antilles has repeatedly been cited by the Task Force on Money Laundering of the Organization for Economic Cooperation and Development as one of the world’s most important centers for laundering illegal proceeds of Latin American cocaine and other drug traffic.¶174. In August of 1990, according to Reuters News Agency, the US Drug Enforcement Agency agents claimed that Banco de Columbia and other banks were conduits for Latin American drug money.¶177. In or about August 1994, according to Reuters, Soros acquired a nine percent interest in Banco de Columbia.¶178. According to the BBC, Soros was found guilty of felony criminal insider trading in France on January 29, 2002, and from profiting from inside knowledge of a 1998 takeover bid for Societé Generale, a French Bank, and was fined 2.9 Million Dollars, which felony conviction was upheld by the French Court of Appeals, the Cour de Cassation, France’s highest Court, on June 14, 2006.¶179. George Soros Manipulates The Conseco Bankruptcy To Maximize The Acquisitions Of the RICO Enterprise To Launder Money and To Engage In Bid Rigging Upon information and belief, from June 2002 to December 2002, the six month period prior to the planned Bankruptcy filing of Conseco, the Enterprise engaged in a pattern of racketeering activity with Soros, SFM Management, Soros Fund Management, Fortress Investment Group, Cerberus, Conseco, Lazard, Kirkland & Ellis, Fried Frank Harris Shriver & Jacobson, to prepare the Conseco bankruptcy proceeding to allow George Soros and the RICO Enterprise to Launder Money through the Conseco Bankruptcy using the purchase of Conseco Finance and the Debtor in Possession Financing to gain complete control of the Bankruptcy proceeding, and ultimately allowing Soros and the Enterprise to purchase the General Motors Building, to launder money through its sale.¶182. Upon information and belief, the RICO Enterprise also set up FPS DIP, LLC (“FPS DIP”) to obtain the valuable position of Debtor in Possession financier to Conseco to Launder Money in the Conseco Bankruptcy. ¶190. Upon information and belief, FPS DIP was also controlled by Fortress Investment Group and George Soros, who had been, and, upon information and belief, remain co-conspirators in Money Laundering through partnerships they maintain in Curaçao, N.A.¶191. The Rico Enterprise Takes Control Of The Conseco Bankruptcy The Bankruptcy filing of Conseco was the third largest Bankruptcy proceeding, smaller only than Enron and WorldCom. ¶202. Upon information and belief, since the members of CFN Holdings had been reviewing the assets of Conseco Finance since at least July 2002, only CFN Holdings and the RICO Enterprise, George Soros, Fortress Investment Group, Conseco and Lazard knew the true worth of Conseco Finance, which facts were never disclosed by CFN Holdings or Conseco to the third parties who attempted to bid on the purchase of Conseco Finance.¶204. The RICO Enterprise Commences The Flood of Motions To Take Control of The Bankruptcy of Conseco On December 19, 2002, Conseco made an emergency motion for an Order seeking to allow FPS DIP and U.S. Bank to act as the Debtor in Possession financers of Conseco to approve the Secured Super-Priority Debtor in Possession Credit Agreement dated December 19, 2002 between Conseco Finance and FPS DIP to obtain secured post-petition financing up to the principal amount of 125 Million from FPS DIP.¶208. In connection with the aforesaid motions, Conseco, by its counsel, Kirkland & Ellis, represented that it Fortress/Flowers as the potential purchaser of Conseco Finance but that without the approval of the FPS DIP financing order, Conseco “will not be able to continue operations for more than a few days, and will not allow them to fund the completion of their restructuring process.” (See Exhibit “T” annexed to the Compendium of Exhibits.)¶210. The Illegal Acquisition of Conseco Finance By The Soros RICO Enterprise On January 13, 2003, Conseco, through its counsel, Kirkland & Ellis, responded to the objections of the Committee of Unsecured Creditors of Conseco Finance by, inter alia, by falsely representing that the CFN Holdings Asset Purchase Agreement was entered into “at arms’ length,” which constituted Bankruptcy Fraud.¶224. Since CFN Holdings had assessed the true value of Conseco Finance before the Bankruptcy, and since the Bankruptcy Court had granted CFN Holdings certain protections in connection with the purchase of Conseco Finance, only CFN Holdings had a realistic chance of acquiring Conseco Finance, on behalf of the RICO Enterprise.¶235. The Machinations of Trump And Conseco to Resolve The Ownership of the General Motors Building In Furtherance Of the RICO Enterprise Upon information and belief, as part of the racketeering activity engineered by the RICO Enterprise, Soros or someone else on behalf on behalf of the RICO Enterprise approached Trump with a proposal to use Bankruptcy Fraud to acquire the General Motors Building and, once acquired by the Enterprise, Soros and the other individuals associated in fact with Soros, including Trump, to engage in a Money Laundering scheme through which they could launder money through the General Motors Building sale. ¶241. [After the dispute between Conseco and Trump was resolved by the American Arbitration Association in favor of Conseco] Despite the fact that Carmel Fifth could have entered judgment upon the Arbitration Award against Donald J. Trump which would have netted Trump approximately only 15 Million Dollars, and created a massive windfall for Conseco and Carmel Fifth, on or about June 24, 2003, in furtherance of the racketeering activity of the Enterprise, Carmel Fifth and 767 Manager and Donald J. Trump instead agreed to dismiss the state court proceeding to confirm the Arbitration Award with prejudice and entered into “a confidential agreement.” (See Exhibit “JJ” annexed to the Compendium of Exhibits.) ¶331. Upon information and belief, the confidential agreement concerned the division of the proceeds of the sale of the General Motors Building by paying Trump 275 Million Dollars. ¶332. This confidential agreement was in furtherance of the pattern of racketeering to launder money through the sale of the General Motors Building. ¶333. The Money Laundering Is Set In Place By The Creation Of Ephemeral Entities And Illusory Obligations During the twenty-eight days between the announcement that Macklowe had won the bidding and the closing date, Soros with the other members of the racketeering Enterprise and conspirators therewith engineered the creation of shell entities and various illusory obligations and transactions which would make it appear that Macklowe was buying the General Motors Building instead of the actual purpose of Money Laundering. ¶374.

US: excited law firm accuses Soros and Trump of money laundering

Newsdesk

Friday 10 October 2008

David H Relkin, Esq. is out to make his name by bringing an action against George Soros and Donald Trump, Deutsche Bank and more than a dozen others claiming USD4.2 milliard in damages based on a civil court case alleging “Money Laundering, Bankruptcy Fraud, and Bid Rigging (sic)” arising out of a deal relating to “The General Motors Building in New York City.”

In a long press release published in the USA yesterday, Relkin says he acts for plaintiff Leslie Dick Worldwide Ltd.

The release purports to quote from filed Court papers in which the plaintiff claims that the actions complained of were the basis of a RICO conspiracy saying

“The RICO conspiracy of the defendants was to invest in, operate, and acquire control of various entities involved in continuing fraudulent transactions and surreptitious and conspiratorial alliances and agreements through unlawful means, including but not limited to Money Laundering, Bankruptcy Fraud, and Bid Rigging, acquired Conseco’s prime assets, including Conseco Finance and the General Motors Building in New York City, and thereafter attempted to conceal their illicit activities.”

The release goes on to quote further from the court documents: (remember that Relkin uses Billion for Milliard and Trillion for Billion in this verbatim extract).

“Conseco’s Purchase of The General Motors Building With Donald J. Trump

In or about May 1998, Conseco and Donald J. Trump entered into a contract to purchase the General Motors Building in New York City, located at 767 Fifth Avenue between 57th and 58th Street, across the street from the Plaza Hotel.
The unlawful Money Laundering through the sale of the General Motors Building, orchestrated and carried out by the RICO Enterprise, including George Soros, Soros Fund Management, SFM Management, Vornado Realty Trust, German American Capital, Fortress Investment Group, Donald J. Trump, and the RICO conspirators Conseco, Deutsche Bank, Lazard, Eastdil Realty, Harry Macklowe, Cerberus Capital Management, Lazard, Kirkland & Ellis, Fried, Frank, Harris, Shriver & Jacobson, Carmel Fifth and 767 Manager, and, upon information and belief, other members of the Enterprise and co-conspirators, operated through a pattern of racketeering and forms one of the cornerstones of the defendants’ illicit activities of Money Laundering and Bankruptcy Fraud, predicate acts of RICO alleged herein and Bid Rigging.

The Orchestrated Dispute Regarding The General Motors Building Between Conseco And Donald J. Trump
Upon information and belief, this was because, at or about the beginning of March 2001, the mastermind of the RICO Enterprise, George Soros, had contacted, among others to be found in discovery, Gary C. Wendt and Donald J. Trump to contrive a Money Laundering scheme to launder money through the sale of the General Motors Building by Conseco, a co-conspirator, through a pattern of racketeering activity.

Behind The Scenes Of The General Motors Dispute Soros And Conseco Implement The RICO Activity

Upon information and belief, on June 7, 2002 Conseco retained Lazard to assist it with its grave financial difficulties. Lazard would later participate in the RICO conspiracy to analyze the value of Conseco Finance and provide such information to the RICO Enterprise including, Fortress Financial, to enable the RICO Enterprise to acquire and maintain an interest in Conseco’s affiliate Conseco Finance.

Upon information and belief, at or about this time, the head of the Enterprise, George Soros, or someone else acting on behalf of the Enterprise, began implementing the pattern of racketeering activities which could be accomplished by having Conseco file for Bankruptcy protection under Chapter 11 of the Bankruptcy Code, so as to acquire Conseco’s assets at a discount price, including Conseco Finance and the General Motors Building and launder money through these entities.

During secret negotiations that ensued between the members of the RICO Enterprise and its co-conspirators,the RICO Enterprise engaged in a pattern of racketeering activity involving interstate commerce to acquire an interest in Conseco, to invest proceeds of a pattern of racketeering activities in Conseco, and to conduct the affairs of Conseco through a pattern of racketeering, through Money Laundering, Bankruptcy Fraud and Bid Rigging.

The next maneuver in the pattern of racketeering was to use the RICO Enterprise to ensure the sale of the General Motors Building to the co-conspirator designee of the Enterprise, Harry Macklowe, so that Soros could launder money through the rigged sale of General Motors Building.

George Soros And His Pattern of Money Laundering Activities In Interstate Commerce

Upon information and belief, George Soros is the Chairman of Soros Fund Management, a private investment management firm that serves as a principal advisor to the Quantum Group of Funds, based in the tax free Caribbean Country of Curaçao, a Caribbean tax haven, and a possession of the Netherlands Antilles.¶173.

Upon information and belief, the Netherland Antilles has repeatedly been cited by the Task Force on Money Laundering of the Organization for Economic Cooperation and Development as one of the world’s most important centers for laundering illegal proceeds of Latin American cocaine and other drug traffic.¶174.

In August of 1990, according to Reuters News Agency, the US Drug Enforcement Agency agents claimed that Banco de Columbia and other banks were conduits for Latin American drug money.¶177.
In or about Augus
t 1994, according to Reuters, Soros acquired a nine percent interest in Banco de Columbia.¶178.
According to the BBC, Soros was found guilty of felony criminal insider trading in France on January 29, 2002, and from profiting from inside knowledge of a 1998 takeover bid for Societé Generale, a French Bank, and was fined 2.9 Million Dollars, which felony conviction was upheld by the French Court of Appeals, the Cour de Cassation, France’s highest Court, on June 14, 2006.¶179.

George Soros Manipulates The Conseco Bankruptcy To Maximize The Acquisitions Of the RICO Enterprise To Launder Money and To Engage In Bid Rigging

Upon information and belief, from June 2002 to December 2002, the six month period prior to the planned Bankruptcy filing of Conseco, the Enterprise engaged in a pattern of racketeering activity with Soros, SFM Management, Soros Fund Management, Fortress Investment Group, Cerberus, Conseco, Lazard, Kirkland & Ellis, Fried Frank Harris Shriver & Jacobson, to prepare the Conseco bankruptcy proceeding to allow George Soros and the RICO Enterprise to Launder Money through the Conseco Bankruptcy using the purchase of Conseco Finance and the Debtor in Possession Financing to gain complete control of the Bankruptcy proceeding, and ultimately allowing Soros and the Enterprise to purchase the General Motors Building, to launder money through its sale.¶182.

Upon information and belief, the RICO Enterprise also set up FPS DIP, LLC (“FPS DIP”) to obtain the valuable position of Debtor in Possession financier to Conseco to Launder Money in the Conseco Bankruptcy. ¶190.

Upon information and belief, FPS DIP was also controlled by Fortress Investment Group and George Soros, who had been, and, upon information and belief, remain co-conspirators in Money Laundering through partnerships they maintain in Curaçao, N.A.¶191.

The Rico Enterprise Takes Control Of The Conseco Bankruptcy
The Bankruptcy filing of Conseco was the third largest Bankruptcy proceeding, smaller only than Enron and WorldCom. ¶202.

Upon information and belief, since the members of CFN Holdings had been reviewing the assets of Conseco Finance since at least July 2002, only CFN Holdings and the RICO Enterprise, George Soros, Fortress Investment Group, Conseco and Lazard knew the true worth of Conseco Finance, which facts were never disclosed by CFN Holdings or Conseco to the third parties who attempted to bid on the purchase of Conseco Finance.¶204.

The RICO Enterprise Commences The Flood of Motions To Take Control of The Bankruptcy of Conseco

On December 19, 2002, Conseco made an emergency motion for an Order seeking to allow FPS DIP and U.S. Bank to act as the Debtor in Possession financers of Conseco to approve the Secured Super-Priority Debtor in Possession Credit Agreement dated December 19, 2002 between Conseco Finance and FPS DIP to obtain secured post-petition financing up to the principal amount of 125 Million from FPS DIP.¶208.
In connection with the aforesaid motions, Conseco, by its counsel, Kirkland & Ellis, represented that it Fortress/Flowers as the potential purchaser of Conseco Finance but that without the approval of the FPS DIP financing order, Conseco “will not be able to continue operations for more than a few days, and will not allow them to fund the completion of their restructuring process.” (See Exhibit “T” annexed to the Compendium of Exhibits.)¶210.

The Illegal Acquisition of Conseco Finance By The Soros RICO Enterprise

On January 13, 2003, Conseco, through its counsel, Kirkland & Ellis, responded to the objections of the Committee of Unsecured Creditors of Conseco Finance by, inter alia, by falsely representing that the CFN Holdings Asset Purchase Agreement was entered into “at arms’ length,” which constituted Bankruptcy Fraud.¶224.

Since CFN Holdings had assessed the true value of Conseco Finance before the Bankruptcy, and since the Bankruptcy Court had granted CFN Holdings certain protections in connection with the purchase of Conseco Finance, only CFN Holdings had a realistic chance of acquiring Conseco Finance, on behalf of the RICO Enterprise.¶235.

The Machinations of Trump And Conseco to Resolve The Ownership of the General Motors Building In Furtherance Of the RICO Enterprise

Upon information and belief, as part of the racketeering activity engineered by the RICO Enterprise, Soros or someone else on behalf on behalf of the RICO Enterprise approached Trump with a proposal to use Bankruptcy Fraud to acquire the General Motors Building and, once acquired by the Enterprise, Soros and the other individuals associated in fact with Soros, including Trump, to engage in a Money Laundering scheme through which they could launder money through the General Motors Building sale. ¶241.

[After the dispute between Conseco and Trump was resolved by the American Arbitration Association in favor of Conseco] Despite the fact that Carmel Fifth could have entered judgment upon the Arbitration Award against Donald J. Trump which would have netted Trump approximately only 15 Million Dollars, and created a massive windfall for Conseco and Carmel Fifth, on or about June 24, 2003, in furtherance of the racketeering activity of the Enterprise, Carmel Fifth and 767 Manager and Donald J. Trump instead agreed to dismiss the state court proceeding to confirm the Arbitration Award with prejudice and entered into “a confidential agreement.” (See Exhibit “JJ” annexed to the Compendium of Exhibits.) ¶331.

Upon information and belief, the confidential agreement concerned the division of the proceeds of the sale of the General Motors Building by paying Trump 275 Million Dollars. ¶332.

This confidential agreement was in furtherance of the pattern of racketeering to launder money through the sale of the General Motors Building. ¶333.

The Money Laundering Is Set In Place By The Creation Of Ephemeral Entities And Illusory Obligations
During the twenty-eight days between the announcement that Macklowe had won the bidding and the closing date, Soros with the other members of the racketeering Enterprise and conspirators therewith engineered the creation of shell entities and various illusory obligations and transactions which would make it appear that Macklowe was buying the General Motors Building instead of the actual purpose of Money Laundering. ¶374.

Gosh. Pause to gulp air.

CAVEAT: There are insufficient “allegedly”s in circulation for us to put one everywhere we would like in this article. Please take them as read: we do not make any claim as to accuracy of any of the allegations made by Mr Relkin or his client.

Leslie Dick Worldwide Ltd. has previously issued action relating to these alleged facts. It was dismissed and his appeal against dismissal rejected. It has also called for an inquiry into the insolvency of parties in the deal, but no action resulted.

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