Who is whistle-blower David Danon, who is suing Vanguard?

Philly.com ^ | 8/25/14 | DiStefano

[mgist]

Who is David Danon, and what drove him to take on his old bosses at Vanguard Group Inc., alleging that its nearly $3 trillion in assets were built on an illegal tax strategy? The son of a refugee from Bulgaria, Danon got in scraps as a schoolboy in Tenafly, N.J., where his short stature and harelip made him a target for bullying. "The teachers didn't do anything," Danon said. "I got into lots of fights that I should never have had to." The struggle with Vanguard, where he worked for nearly five years as a tax lawyer, is Danon's toughest fight. In a lawsuit made public in July, Danon alleged that Vanguard's tax avoidance and a lack of regulatory oversight have cost federal and state governments more than $1 billion. Danon told the Securities and Exchange Commission that the company fired him after he refused to go along with wrongful practices. He has also told his story in complaints to the Internal Revenue Service and in a New York State whistle-blower lawsuit. . Vanguard has denied wrongdoing and says it has always worked closely with regulators, including tax regulators. Vanguard won't discuss Danon's specific allegations, says spokesman John Woerth. The company would rather no one else talk about it, either: On Aug. 14, Vanguard asked New York Supreme Court Judge Joan A. Madden for a restraining order to seal Danon's arguments from public view. Madden hasn't sealed the case. She did sign an order Thursday temporarily taking five of the 210 paragraphs in Danon's lawsuit off the official record, at least until a Sept. 12 hearing to review the status of Danon's Vanguard documents.

[mgist]

Vanguard and Fidelity are the companies that ultimately got the $29 TRILLION Federal Reserve Bailout. Fidelity is privately owned, the asset management is the majority shareholder of Citi bank which received almost $2 Trillion in Federal Reserve funds.

[CGASMIA68]

so

[Drango]

so?

[mgist]

Haha, I guess you’re right, “so what”. They all provide tax havens for the rich openly, and get tax payer subsidies when needed. I still think think he has tennis balls of steel. Vanguard is pretty solid as far as most of these Asset Management companies go, maybe it’s just a hit piece.

Fidelity is another story. A private family managing almost 2 $TRILLION USD worth of assets is way too powerful in this crony capitalist/caviar communist society the US has become.

http://www.fidelitybankplc.com/treasurymanagement

“Our strategic International Affiliations offer you access to offshore credit lines. Our partnership with major banks in Africa, Europe and Asia gives us access to offshore lines in excess of US$400 million. Some of our correspondent banks include FBN Bank UK, Union Bank Plc UK, HSBC, Citibank, UBA, ANZ, Commerze Bank, Bank of Beirut, Deutsche Bank, Mashreq Bank Dubai and Nordea Bank. We are currently at an advanced stage of expanding our existing lines and signing new deals.”

[mgist]

These are things I find so interesting. Robert Gates has a direct relationship with Fidelity. That name is familiar. So does Zbigniew, who seems to have a lot of influence in political system. His presence was larger than Soros during the Carter admin. "Gates was nominated by Republican President George W. Bush as Secretary of Defense after the 2006 election, replacing Donald Rumsfeld. He was confirmed with bipartisan support.[3] In a 2007 profile written by former National Security Advisor Zbigniew Brzezinski, Time named Gates one of the year's most influential people.[3] In 2008, Gates was named one of America's Best Leaders by U.S. News & World Report.[4] He continued to serve as Secretary of Defense in President Barack Obama's administration.[5] He retired in 2011. “He’ll be remembered for making us aware of the danger of over-reliance on military intervention as an instrument of American foreign policy,” said former Senator David L. Boren.[6] Gates was presented the Presidential Medal of Freedom, the nation's highest civilian award, by President Obama during his retirement ceremony.[7] According to a Washington Post book review, he is "widely considered the best defense secretary of the post-World War II era".

[mgist]

James H Keyes

Mr. Jim H. Keyes is Co-Founder & Chairman at Keyes Capital and Lead Independent Director at Pitney Bowes, Inc. He is on the Board of Directors at Navistar International Corp., Pitney Bowes, Inc., and Fidelity Mutual Life Insurance Co.

Keyes retired as Chairman of the Board of Johnson Controls, Inc., a public automotive system and facility management and control company, in 2003, a position he had held since 1993. He served as Chief Executive Officer of Johnson Controls, Inc. from [...] more

[Toddsterpatriot]

Short term loans, long ago repaid. So what?