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View Diary: LBN: Judge Cancels eToys Hearing: Traub Partners Object to Payments (35 comments)

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  •  Twigg - since you too - are being sincere (3+ / 0-)
    Recommended by:
    triv33, gooderservice, Sandino

    I will try to break it down for you  SIMPLE.

    MNAT applied to the Court to be approved as eToys "Debtor's" counsel.

    a bankruptcy Debtor's counsel is forbidden to have conflicts of interest with Creditors, Investment Bankers (which is what Goldman Sachs was at the time) - and any other Professionals on the opposing side of the fence.

    The Debtor's counsel also can NOT have any relationship with the buyer of the eToys assets.

    In MNAT, Paul Traub and Barry Gold's case - they had "UNdisclosed" relationships with each other, the buyers and other parties.

    This is discussed in detail - in another crime of the exact same kind as happened in eToys - it is John Gellene, the book is by Law Professor Milton C. Regan

    and the book is titled

    "Eat What You Kill: The Fall of a Wall Street Lawyer".

    John Gellene went to jail for more than 1 year;
    for his erroneous Rule 2014/ 2016 Affidavits.

    His firm (Milbank & Tweed) had to pay back (Disgorge) their entire $1.9 million (and that was in 1994 case).

    Milbank & Tweed also lost a lawsuit of tens of millions.

    Here's one paper on the Gellene

    It states the same exact words - just substitute names of MNAT and TBF for Milbank/Tweed - and Traub for Gellene.

    Years later it came to light that Milbank and Gellene had done some work for the company’s secured creditor at the time it applied to the bankruptcy court to represent the debtor. It did not disclose its “connection” with the secured creditor at the time, or in subsequent additional disclosure filings, or in connection with its fee application at the end of the case. Had it disclosed that it also represented Erie-Bucyrus’ sole and pivotal secured creditor at the time it sought employment as debtor’s counsel, the employment application would almost certainly have been denied.

    Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

    by laserhaas on Tue Sep 10, 2013 at 04:47:06 PM PDT

    [ Parent ]

    •  I was being sincere. (1+ / 0-)
      Recommended by:

      I have, actually, always been sincere in my dealings on this site.

      I can't help though. I wish I could.

      I hope that the quality of debate will improve,
      but I fear we will remain Democrats.

      Who is twigg?

      by twigg on Tue Sep 10, 2013 at 04:50:18 PM PDT

      [ Parent ]

      •  Helping is simply asking questions (3+ / 0-)
        Recommended by:
        twigg, gooderservice, Sandino

        how they can get away with all of this, for over a decade; where we wind up with a "BOSS" trying to become POTUS?

        After everyone swears up and down

        another Madoff can't possibly happen!

        Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

        by laserhaas on Tue Sep 10, 2013 at 04:56:56 PM PDT

        [ Parent ]

      •  Here's a sincere issue that even B can't touch. (3+ / 0-)

        Paul Traub was labeled - by a Federal Receiver - as the "controller" (facilitator) of Tom Petters Ponzi scheme.

        Please take note how Doug Kelley actually goes into details about how Traub had a history of conflicts - while the Federal Receiver reflects upon the issues of Traub and the eToys case!

        Paul Traub was also partners with fraudster Marc Dreier.

        Doing so after he got away (thus far) - 'Scot Free' eToys.

        Isn't it odd that Traub keeps getting away with all his bad faith dealings - while he is connected to Mitt Romney?

        And, if you really want to see babbling B.S. extraordinary - take a look at Paul Traub's Supplemental Rule 2014/ 2016 Affidavit in Stage Stores.

        Romney owned Stage Stores and Michael Glazer was the Director there. Barry Gold was the "director's assistant" who hired his buddy Paul Traub.

        Then they all move over to eToys and pretend to be opposing parties.

        It is just very quaint, how Paul Traub says - over and over again - "Upon information and belief, Barry Gold had nothing to do with TBF getting hired"

        In Jumbo Sports, Luria Brothers, Witmark

        all cases YEARS before eToys
        (as Stage Stores was a bankruptcy in year 2000)

        Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

        by laserhaas on Tue Sep 10, 2013 at 05:12:38 PM PDT

        [ Parent ]

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