Madoff – Hiding the Real Fraud

COMMENT: I do know you saved Mercedes making again their $1 billion misplaced all as a result of they listened to the faux information about how the pound and the greenback would crumble within the face of the euro. I learn the 2011 Barron’s article in your forecast. It was OK to publish that after they thought you’d be mistaken. The place is the follow-up whenever you proved to be the one one who was appropriate? The identical may be stated of the New York Instances and particularly Bloomberg. It’s apparent that they won’t report on the success of your forecasts as a result of they’re main society on the course of the Deep State.

Sustain the great work. We’d like somebody unbiased on this time of darkening clouds.

JWN

REPLY: Let me clarify one thing. All of the hype about Bernie Madoff can be FAKE NEWS. On December tenth, 2008, Madoff’s sons Mark and Andrew lined themselves most probably at their father’s course, and advised authorities that their father had confessed to them that the asset administration unit of his agency was an enormous Ponzi scheme. They even supposedly advised them it was “one large lie”. The following day, brokers from the FBI arrested Madoff and charged him with one rely of securities fraud. There was no attainable manner the FBI would arrest somebody like that with out an unbiased investigation.

The Securities and Trade Fee had beforehand performed quite a few investigations into his enterprise practices. Vere did ANY audit uncover such an enormous fraud. It was then on March twelfth, 2009, when Bernie Madoff merely pleaded responsible to 11 federal felonies and admitted to turning his wealth administration enterprise into an enormous Ponzi scheme. He was not even indicted. He pled merely to what’s often known as an “data” so nothing was even offered to a grand jury. That’s UNPRECEDENTED!

The banks all claimed that that they had “no thought.” Earlier than he died, Madoff did an interview the place the headline was that the Banks needed to have recognized. There’s ABSOLUTELY no manner that the banks had been NOT concerned or had no thought.  That’s legally not possible. As a shopper of a financial institution of that measurement particularly, the financial institution should fill its information with KNOWN YOUR CLIENT guidelines.

In my case, we had corporations arrange for every observe in Turks & Caicos. The financial institution really despatched somebody down there to audit the authorized construction behind each account. There’s merely no manner a financial institution may even declare it had no thought. That was a critical RED FLAG that the Madoff case was not what it appeared.

Everybody simply disregarded the truth that the SEC performed a number of audits and located nothing. That included financial institution accounts and positions readily available. That did NOT add as much as a PONZI scheme the place you’re taking cash from one individual to pay one other which is the precise construction of Social Safety. The present technology’s contributions are tasked to pay the earlier technology.

Add to that, HSBC, which has been itself indicted for money laundering greater than as soon as, stood out as the biggest “sufferer” of Madoff’s scheme – $1.5 billion. HSBC pays numerous fines for every scandal they appear to be in the course of.

In my case, the Financial institution stated that they had no thought the place the cash was after they stole it. How does $1 billion depart a financial institution and not using a withdrawal of some kind? Had it not been for my purchasers standing with me and doing what I advised them to do after which sued HSBC, they’d have gotten nothing, the federal government would have claimed I misplaced all of it and the ban was not accountable. The federal government then put a gag order on me to cease me from serving to my purchasers in opposition to the financial institution! If the financial institution was not attempting to take my shopper’s cash to cowl their losses in Russia, then why put a gag order on me if the financial institution didn’t do something mistaken?

Then to cover my earnings, the receiver handed the notes we issued to HSBC for them to redeem for $606 million pocketing $400 million revenue stolen from my firm. A former worker bumped right into a former HSBC official and he requested what the hell went on. The bankers bluntly advised him, the deal supplied by the federal government was too good to cross up. After I requested a NY lawyer why no banker ever is charged or goes to jail, he laughed and stated: “You don’t shit the place you eat!”

Keep in mind the 1995 collapse of the British Barings Financial institution due to a “rogue” dealer? Nicholas William Leeson was an English former derivatives dealer whose claimed fraudulent, “unauthorized and speculative trades” resulted within the 1995 collapse of Barings Financial institution, the UK’s oldest service provider financial institution. Leeson was convicted of economic crime in Singapore courtroom and served over 4 years in Changi Jail. On the time, I owned a Brokerage Home I used to be requested to bail out by the Japanese authorities. At our Hong Kong workplace, Barings needed to open an account to commerce with Leeson in cost.

I knew the corruption of the banks and if the commerce went mistaken, they’d declare he was not approved. That was the usual operational process. Realizing the within of the trade out, I insisted on a letter from the Board of Instructions expressly laying out the credit score line for Leeson they requested from my firm. I obtained the letter. So when Leeson supposedly went stomach up, guess what. I used to be quietly paid when everybody else it was stated Leeson was a rogue dealer.

The New York Submit journalist Isabel Vincent who wrote Gilded Lilly, the spouse of Edmond Safra, had referred to as me and requested that since I had stated that Republic Nationwide Financial institution, Edmond Safra’s, had been illegally buying and selling in my accounts, did I believe they had been laundering cash for the Russian mafia “as they had been doing in Madoff’s?” I stated I didn’t know. All I may inform was there have been numerous errors consistently being put into my accounts after which backed out. At first, I assumed they had been “parking trades” in my accounts to make use of my money for his or her margin. In fact, if the “error” was backed out to a distinct account, they certainly, they had been partaking in cash laundering.

The court-appointed forensic accountant even wrote to the courtroom in regards to the unprecedented errors within the accounts. The federal government refused to supply account data to permit them to audit what was happening. The court-appointed counsel, David Cooper, I imagine was doing all the things he may to assist the federal government cowl all the things up. The forensic accountant then despatched letters to the Choose, and he took no motion.

You now have the FTX scandal. You will notice that there’ll NEVER be a trial that may expose all the cash laundering the place the Democrats had Zelensky, which supposedly wanted cash to defend his nation and payment ravenous Ukrainians, hand the cash to FTX who then occurred to be the #2 donor to the Democrats for the midterms. Guess what! Sam Bankman-Fried was charged in essentially the most corrupt courtroom within the nation – the Southern District of New York. The Courtroom of Appeals admitted on web page 97 of US v Ziccehtello, that judges are altering transcripts and altering the very phrases spoken in courtroom.  That’s 20 years in jail in the event you or I alter courtroom paperwork. They do it on a regular basis. After I confronted Choose Richard Owen about this apply, so many individuals confirmed up in courtroom to see what would occur. The attorneys stated you possibly can’t accuse a federal decide of committing against the law. I stated you all say they do it. They responded. Sure, however you can not accuse them of doing it. The decide obtained scared and admitted it in public however declare it wasn’t materials.

All of the press was there AP, New York Instances, Bloomberg, NT Submit, you identify it. NOT a single member of the press reported what occurred that day. OMG! Exposing the federal courts corruption? Unattainable!