Radical right seeks to blame Goldman Sachs possible end on the left. (see the Anti Liberal Zone comments ( here)). As a matter of legal fact; eToys.com is stolen property; the Cover Up massive - is by Bush's administration and Republican US Attorneys corrupt. Venerated persons such as Michael Moore, Bill Maher and Rolling Stone's Matt Tabbi national rebukes of Goldman Sachs appears to be a collective voice. It is not a light matter to have the chutzpah to speak out and risk their careers against the protected goliath Goldman Sachs. It encourages persons all over, who have already suffered Goldman Sachs power to crush; to vociferously bring forth the Madoff-esque proofs of criminal corruption. Goldman Sachs has undue influence over our federal systems of justice; where the G Men of our country have become timid. Thus Americans are currently slaves to the modern day tyrannical Robber Baron's that Goldman Sachs cultivates; where Sachs remains an institution of white collar criminality.
We must learn from the history of the past and speak truth loud and often against tyranny & corruption. As well as the pearls of wisdoms that can be found throughout the web such as this website http://quotes.liberty-tree.ca/... are quotes germane contemporarily such as this one by John "Birdman" Bryant;
"If you are afraid to speak against tyranny;
then you are already a [their] slave".
Today, due to the bravery of Moore, Maher and Tabbi - Goldman Sachs has become a goliath in a realm of quicksand; their armour of arrogance has dents. So we are going to bring you proof beyond substantial, that Goldman Sachs and others benefited from a criminal conspiracy and the Bush era Cover Ups astronomical. It is too much to gather in one diary, so this will be a series. It involves rogue elements within the state & federal systems of justice and betrayals of the public trust gargantuan. You will see judges promoted off the case, DOJ Deputy Director resignation (among others) and SEC/DOJ willful blindness that actually leads to destruction of federal files and the shut down of the DOJ Public Corruption Unit. Unfortunately, truth remains much larger and stranger than fiction.
You are now stepping behind the huge closed doors of big business. Where you will gain insight into how the real deals to make hundreds of millions of dollars and possibly billions; by white collar fraudulent pen and networking.
There are over 100 criminal acts that involved Goldman Sachs, their attorneys at law www.MNAT.com and their criminal cohorts Bain, Wells Fargo, Paul Traub, Barry Gold and rogue corrupt federal agents almost too numerous to mention.
So that there are no questions of veracity - I will do what has become a practice germane; in the hopes that any federal officer who cares about the integrity of the judicial process and who wishes to fulfill the Diogenes quest - will be encouraged to take on this career making case.
I, Steven Haas, more commonly known as Laser Haas, do this day the 15th day of March 2011, testify and affirm that the facts within this diary are true and correct. Goldman Sachs has benefited from organized criminal acts in collusion with its duplicitous law firms. There are already more than 100 (one hundred) criminal acts that are easy to document in accordance with the United States Attorneys Manual (USAM). There also are confessions already, to more than 34 (thirty-four) acts of false Rule 2014/2016 Affidavits; as well as admittances to intentional perpetration of fraud on the court. The crimes are being facilitated by rogue federal agents within the Dept of Justice - including US Attorneys and others directly connected to parties involved. Failures akin to Madoff apathy permitted the perpetrators to receive illegitimate promises of Dept of Justice willful blindness that encouraged/boosted the confidence of the fraudsters Marc Dreier and Tom Petters to be wreck havoc in the billions.
During the 1990's and 2000 - the internet was booming. Goldman Sachs and other Investment Banks, incubators and/or Hedge Funds brought the public to the new age of mail order transformation. We have the likes of Webvan and Pets.com; but the real relevant case before you this day is eToys.com. All of them had big hype; the question remains - where does the hype come from? The answer is as obvious as unforgetable former ad on E F Hutton - "when E F Hutton speaks - people listen"; where the world would go quiet on the possibility of E F Hutton revealing an investment chance.
Goldman Sachs originally served their client eToys well. As the various MSM stories of the time denote; eToys was initially offered publicly (IPO) at $18 per share and zoomed to an astronomical heights above $75 per share - as Wikipedia reflects ( here).
As remarked upon in the Wikipedia article, eToys went public in 1999. Many national magazines/papers even mis-stated the company's worth was in the many billions (see WIRED's eToys' IPO Rocket Ride story ( here)).
What the MSM did not predict, was the gravity rise and fall of eToys. From billions of dollars in purported worth and 100,000 sg ft warehouses in 1999 to a brand new office building on Olympic Blvd in Los Angeles and more than 1.5 million square feet of distribution in Ontario, CA and Blairs, VA. Such mismanaging invariably doomed to failure resulting in eToys going broke in the fall of 2000 and filing bankruptcy March 7, 2001.
Criminal schemes devised - begin in the early fall of 2000
Many believe that eToys held on to try to turn around by Christmas sales in 2000; but the truth was the schemes to defraud the public company were already in the works. The real profit center of eToys was Babycenter.com - which went to Johnson and Johnson for $10 million (Internet News story ( here)). This was one of the pre-crimes to the March 7, 2001 bankruptcy filing (DE Bankr 01-706); as Goldman Sachs was being paid $2.5 million to handle the sale of eToys assets. J&J only received the dot com name. No inventory, no warehouse - just the dot com names related to BabyCenter.com and did NOT want the purchase to transpire in the bankruptcy court realm; so the BK filing was delayed until the sale was complete. Details of the various federal crimes will be revealed in future diaries.
Additionally, Foothill Capital, a subsidiary of Wells Fargo - loaned eToys $40 million November 2000 (see HighBeam article ( here)). Specious as it is that the demise of eToys was already known, because their credit rating was dropped; this crime was really consummated only after the bankruptcy petition became a reality. Suffice it to say a preferential treatment transpired - that includes various "un-disclosed" conflicts of interest; and Wells Fargo transacted over $100 million dollars without review.
What else was in the works, whilst all this ruthless juxtapos was afoot to profit from the classic pump n dump of a public company; BAIN, a Mitt Romney affiliate, was planning to acquire the entire independent retail toy industry in a manner that most likely made Goldman Sachs envious. So they simply joined forces through power, federal corruption and big money dealings. (Please see Harvad Power Point program for acquisitions by Ropes & Gray (Bain/KB law firm) ( here)).
Prior to this there were schemes already afoot in other states and other cases; which are relevant to the eToys and Kay Bee Toys federal cases as well. For they document both state and federal Fraud, probable FDIC fraud, Perjury, Collusion, Conspiracy, Intimidation of Victim/Witness, MisPrison of a Felony, Judicial and US Trustee violations of 18 USC 3057(a) and 28 USC 586(a)(3)(F).
Particularly, the Souther Texas case of Stage Stores (S TX Bankr 00-35078). For the CEO of KB Toys was a director & stockholder at Stage Stores in early 2001. He, along with other BAIN entity affiliates worked with Traub Bonacquist & Fox and Barry Gold who then became the secret surreptitious CEO of eToys.
Beyond the fact that a stockholder in Stage Stores pointed out the frauds and was ostracized/sanctioned when he blew the whistle. As the bad faith parties punished him for more than $300,000 - (though he only owned $4,500.00 worth of stock). What is germane for the criminal investigation are the facts that many parties there stepped into the federal bankruptcy cases and submitted affirmatively false affidavits denying they knew one another. Of specific note for later revelation; is the fact that Stage Stores was co-debtor with Liquidity Solutions. In the eToys case the non-disclosure of this particular conflict of interest remains a serious enough crime saga that could possibly cause Congressional hearings in and of its own.
Unfortunately, the eToys case and the related cases of organized criminal acts in the federal bankruptcy court are Not simply a single aberrant act of sophisticated skullduggery. Nor are the issues in these cases solely limited to DE federal courts. We have encountered many people throughout the years; who have sought us out to discuss how we have managed so many battle victories in the war against cronyism & corruption of our federal systems of justice.
David O'Donnell was actually given a documented death threat. His website coins the issues in much better fashions than do mine (why I have begun to study web and blog designs). You can see his stories and the telling of eToys at www.bankruptcymisconduct.com .
Meryl Lanson is a disabled mother, suffering from many illnessess; yet her tenacity is enough to inspire one to rise from the grave. She and her husband owned Baron's Mens Clothing stores. Meryl came to me because she had discovered collusion between her attorney and others in her case. Her story is of particular note, because they did not do bad business; a trusted party ran off with monies. She had no idea her own law firm was colluding for Baron's demise. When she refused to allow the bank and her attorney to get away with the crimes. The judge in her case actually cited the eToys case OPINION to reopen her closed case (See her story here& here).
Therapist Karin Huffer has found that the issue is systemic within our state and federal systems of justice. As a citizen, one wants to believe in the goodness and integrity of our judicial process. Otherwise the limits of civility are pushed into the realm of anarchy and lawlessness. Karin Huffer has found that honest, hardworking Americans suffer a post traumatic stress disorder when they come to face with the reality that big money controls the outcome in the courts. Thus she has coined a most appropriate phrase Legal Abuse Syndrome (see her website ( here)).
Organized Criminal Acts of Goldman Sachs specifically
The largest crimes, in great part confessed already, are the nefarious seizing of the entire eToys bankruptcy estate so that eToys could be sold by the Goldman Sachs attorneys to their other "UN-disclosed" clients Bain/KB Toys. This is collusion to defraud an estate.
Additionally, Goldman Sachs cohorts were assisting in other crimes; which were so large, an eToys Sr VP Exec tried to hide a $2 million cash deposit overseas. This whistle-blower reported the crime; which mandates immediate investigation and prosecution as per the US Attorney Manual Title 9 - 18 USC subsections 152 and 2 Concealing an Asset (see sample indictment ( here)). The requisites for prosecution are - 1) That it be of a matter related to a bankruptcy estate and 2) that the Asset was not initially disclosed. Despite the fact the evidence is overwhelming and irrefutable; no investigation transpired - in order to bury the case from the much larger organized criminal pursuits.
Goldman Sachs has benefited from an apparent eToys IPO pump n dump scheme that is also irrefutable and overwhelming. For the Goldman Sachs local counsel was caught (several years later); red-handed - in their failure to disclose their conflict of interest. Having no choice, as the evidence against them was public docket records; they simply confessed (see deposition of MNAT attorney Busenkell and the admittance on pg 10 that Goldman Sachs was a regular client of the www.MNAT.com law firm ( here)).
However, the confessions, though they were required by Bankruptcy Code/Rules to come totally clean; was only a half hearted admittance. Goldman Sachs local counsel continued to defend the other collaborators and continued to withhold evidence of additional crimes in the hundreds of millions of dollars each.
To continue the Cover UP - Goldman Sachs attorneys confessed to the failure to disclose the conflict of interest of not revealing that it had a relationship with one another. But the failed miserably to divulge the morse serious crimes of Goldman Sachs attorney petitioning and receiving the court's approval to Destroy Books n Records in the very beginning of the eToys case (see the pleading ( here)).
It was a miracle that this consultant found the proof about the off-shore deposits they were letting the eToys Sr VP try to keep (a fax held in que slipped through the cracks and viola!). But it is an additional crime when they failed to report such and told this layman that there were no criminal violations (please see 18 USC 4 MisPrison of a Felony statute ( here)).
But the real crime remains that Goldman Sachs counsel, while remaining in breach of federal disclosure laws both in Bankruptcy and SEC; actually stymied the eToys shareholders from obtaining their own committee and counsel - as permitted by law. This Collusion and Conspiracy to defraud a public entity grew to astronomical heights when Goldman Sachs attorney actually had the unmitigated gall to choose their cohorts in crime (Traub Bonacquist & Fox) to prosecute the New York Supreme Court case of eToys vs Goldman Sachs (see E Commerce Times story ( here)).
Compounding those criminal acts beyond the stratosphere; the parties involved in the eToys v Goldman Sachs case (NY Sup Ct case # 601805/2002) contrived a scheme to elude investigation and prosecution over time. Though the S&C Law firm is one of the largest in the world, with extreme expertise in any legal issue. S&C decided to put a novice attorney on the extremely important fiduciary case of eToys v Goldman Sachs. The attorney only specialized in environmental issues; he had no bankruptcy expertise. As can be seen by the counsel's exhibits in the case; he went after his job enthusiastically. As a result they yanked him off the case and he left S&C; only to join the fray and become part of the "good ole boys" network (more on this later).
Now that the heat is growing against Goldman Sachs; they are trying to put out the fires everywhere. So nearly 1/2 of the entire docket of the NY Sup Ct case was placed Under SEAL. Then, when this whistle-blower accomplished more and more discoveries of nefarious dealings in other cases. They simply shut down the NY Sup Ct case 601805/2002. Stipulating that it was for lack of proper prosecution.
Goldman Sachs failing to investigate, litigate and prosecute Goldman Sachs - REALLY!
Though this series of diaries (or short stories) is compelling and more; this is enough evidence and details for today. We will return tomorrow or the next day with Part 2 - the Bankruptcy Fraud begins. Meanwhile, please read this note on bankruptcy fraud and corruption that was given both to the Hague and read to Congress on Judicial Law conference (see Knize report ( here)).
Francis Knize (cah knee zee) quotes former US Attorney General Ashcroft report to the Hague Global Forum on Fight Corruption May 30, 2001. The various powers that be have yanked down the documentations and former AG Ashcroft was awarded a $50 million dollar no bid Deferred Prosecution Agreement (a real serious problem for America DFA's). But the worlds are recorded and immortally bound for history books, as the Attorney General stated directly on point;
"Corruption in the agencies charged with enforcing our laws not only threatens communities by allowing dangerous criminals to roam free, it also undermines the confidence of our citizens in law enforcement and the criminal justice system. The same is true with respect to judicial corruption. We must all, in our own countries, lead the fight to ensure integrity within our police and judicial systems."
AG Ashcroft had led in with these poignant remarks and serious revelations;
"Bankruptcy court corruption
is not just a matter of bankruptcy trustees
in collusion with corrupt bankruptcy judges".
As AG Ashcroft then continued --
The corruption is supported, and justice hindered by high ranking officials in the United States Trustee Program. The corruption has advanced to punishing any and all who mention the criminal acts of trustees and organized crime operating through the United States Bankruptcy Courts. As though greed is not enough, the trustees, in collusion with others, intentionally go forth to destroy lives. Exemptions provided by law are denied debtors. Cases are intentionally, and unreasonably kept open for years. Parties in cases are sanctioned to discourage them from pursuing justice. Contempt of court powers are misused to coerce litigants into agreeing with extortion demands.
-- This does not ensure integrity and restore public confidence.
-- The American public, victimized
and held hostage by bankruptcy court corruption,
have no where to turn."
We promise to bring you more proofs of Goldman Sachs (and their attorneys) fraud, in collusion with BAIN (benefiting our dear ole boy Mitt); as well as much more intrigue as to how the cronyism and cover ups led to additional ponzi schemers getting away with billions upon billions in fraud. As well as the unfortunate results of murders and suicides; including the brother of an Asst US Attorney who was a participant in one of the schemes (how it may have gone without investigation for nearly a decade).
You will be amazed!