Our Conure at 26 mos., "whats up", okay, thank you! :)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Also remember that Berman sells this junk way below .0001. He just sells blocks. The only way his buddies can be assured a profit, and the reason why this gets into the billions outstanding.........and the reason why he keeps 30b authorized.
there will be a few who profit.........Yes! Berman, and a few of his partners in crime. Remember what we saw at the close of the first 504, and who we learned profited. Berman gained $350k on the low end this we know for sure, and the list of names are endless who profited out of that million. Hardly nothing went back into the company, nothing was left for even the lab work. Instead he purchased AUMC, filed two 504's, and tried doing the same thing........and when this didn't work he and Joe cooked up another scheme. Joe changed the name, and made him one of his "directors", and shortly after Berman and gang began hammering out their next scheme, and this is what you see before you today.
I still have some of these filings but are in PDF form, and in my personal files that for whatever reasons I haven't been able to copy and post.
Remember?.........After a million+ Berman reported a revenue of $500...........just where this came from is anyone's guess?. Guess he accounted for $500. from the million raised. A million from the suckers who believed his lying a--. All he has ever done is lie and steal. Remember the certs he issued to himself then supposedly returned them to the treasury?......the treasury he controls........................this is very problem with the market. The SEC chooses to do nothing when the obvious fraud thats committed with these pinks, and the BB's. Nothing like this should even exist.
If a senior raised money then used it for things other than what it was intended there would be consequences.
Especially if the money was used to pay out salaries and bonuses.
504's, and S-8's are notorious for enriching these bums without any accountability. Seniors in this regard are no better. The OTC market is their training ground.
As long as hot sauce is included:)
Yeah that could be a problem. Prison fences, and walls don't always deter escapes. Maybe the Moat isn't such a bad idea?.:)
New Orleans is below water level and sinking, and Florida is over run with alligators. It could be environmentally friendly if it were done right maybe even create some wetlands for migratory birds.......:). It could even deter those who have committed crimes to think again before fleeing to Mexico. They could ad Piranhas, and post signs that would include "other" dangerous creatures.:)
Thanks for the input Chris. Believe me I don't rely on Fox. I listen to mostly tidbits from the TV news media. We all know that Fox is Republican, MSNBC as well as CNN is Democrat even PBS. Each have their own spin. What troubles me most are the many politicians who've been in office way to many years. Its been their life. IMO many have not served our people, and our countries interest but their own. If they should lose an election they just pursue what they have mostly represented in the first place by becoming lobbyist. They never become weened from Washington. We never stop hearing from them even after they are supposedly long gone. They are more than anything else self serving. Even the Congressional Aide's follow suit.
Chris there are holes in the border big enough to walk an army through with its equipment. What we're talking about is 2200 miles. The real issue has been why hasn't the Federal Govt finished the fence?, why haven't they completely sealed it as they were supposed to?, and why is it that we may have as many as 20 million illegals maybe more?, nobody knows?. Is this a little crazy or what?. The only reason they are doing anything at all is because its caught so much attention.
What they have done recently as we all know is to attack Arizona for enforcing this countries immigration laws.
Remember the case about the two border guards who got thrown in prison for shooting at a mule who shot at them, and when they fired back he caught a bullet in his butt. He then in turn filed a million dollar lawsuit for his pain and suffering. Its pretty sick. Our government is doing pretty much the same today thru filing such a law suit is indicative of who they are trying to protect, not our American citizens. All in the face of 911.
Radical Islam wants to destroy the Western Nations, and even in light of what happened in NY the govt chose to not tighten up things and close that back door. Its like they never learn. Even after the oil embargo in the 70's, and 40+ years later they are still talking the same rhetoric. Their solution?.....27,300 drill holes in the Gulf. They did nothing to move toward a real solution, what we have now are as many trucks on our roads as cars if not more and then we bail out the auto industry.
Chris it all sounds good on the surface but there is way more that needs to be done to resolve this problem. Its not just Mexico. We have real immigration issues that need to be addressed. Taking in 55,000 Haitians isn't the solution to their problems, but it does add more to our own.
Yeah!, you open things up to all kinds of ideas?. Maybe we can make some proposals to the sitting Mexican president?. Before he loses control to the Cartels.
What if their people would all agree to come here, along with their government, and give those in government, government jobs here in exchange for their country?. We could then make it a place tourist would flood to by starting from the ground up with a new industrial revolution. We could use our military to take control of the drug trade. We then could sell it to all those who came here and save them the trip to distribute it, and in no time at all we could pay down our National Debt. The only clause would be, once they're here, and by giving them free citizenship they can never go back, and if they're caught would mean life in a US prison without the possibility of parole. We could call it Americo!.:) The possibilities, like the one you mentioned are endless.:). At the rate things are going they may all be here someday anyway unless that country gets in step with China.
Maxine should run for president.
Everyone concentrates on the problems we're having in this country lately: illegal immigration, hurricane recovery, alligators attacking people in Florida ....
Not me. I concentrate on solutions for the problems. It's a win-win situation.
+ Dig a moat the length of the Mexican border.
+ Send the dirt to New Orleans to raise the level of the levies.
+ Put the Florida alligators in the moat along the Mexican border.
Any other problems you would like for me to solve today ? Yes ?
Think about these:
1. Cows
2. The Constitution
3. The Ten Commandments
C O W S
Is it just me, or does anyone else find it amazing that during the mad cow epidemic our government could track a single cow, born in Canada almost three years ago, right to the stall where she slept in the state of Washington? And, they tracked her calves to their stalls. But they are unable to locate 11 million illegal aliens wandering around our country. Maybe we should give each of them a cow.
T H E C O N S T I T U T I O N
They keep talking about drafting a Constitution for Iraq .... Why don't we just give them ours? It was written by a lot of really smart guys, it has worked for over 200 years, and we're not using it anymore.
T H E 1 0 C O M M A N D M E N T S
The real reason that we can't have the Ten Commandments posted in a courthouse is this: You cannot post 'Thou Shalt Not Steal,' 'Thou Shalt Not Commit Adultery,' and 'Thou Shall Not Lie' in a building full of lawyers, judges and politicians...It creates a hostile work environment.
Interesting article.
This drug thing is crazy by any stretch of the imagination. The stuff thats used to make amphetamines should be enough for anyone with two marbles that rub together to curtail its use, cocaine a drug that damgages the heart every time its used. Cocaine and heroin is sometimes cut with baby powder, injected will cause permanent blindness, rat poison is another source,,,,,,the ideal solution would be for people to acknowledge their stupidity in its use, and the blood that gets spilled for their high,,,,,,,high?....to pay a dealer to get out of touch with reality is beyond comprehension?.
Our very existence is a miracle, each heartbeat is a miracle, and its sad so many in our society are willing to throw it away using this toxic waste. People are in need all their faculties just to live, and survive, but for way to many the reality comes to late. We don't have to look farther that what it does to celebrities who can't find happiness with all they have. Its not enough even if they have had the breaks that put them on top of the world. River Phoenix's death didn't do enough to change anything, even though Hollywood mourned his death.
Whether it was the alcohol or not?, Mel Gibsom with his over indulgence of alcohol, along with Jon Claude Vandam both have hurt themselves for allowing a substance that is mind altering to hurt them, and their careers. Its just an example of what getting high or drunk may lead a person to do, even to get behind the wheel of a vehicle. In a sober mind this kind of stuff that they do, or have done, or comes out of their mouth would probably never had occurred. No one can really control what drugs, and or liquor for that matter may lead them to do after its consumption. Its a risky proposition for sure.
This stuff continues to destroy families, careers, regardless of positions, or income. Doctors, lawyers, policemen, firemen, and even politicians. This stuff touches every facet of society, people we would think would be beyond its use,,,,,,,,,,just look at what legal drugs did to Michael Jackson. Doctors can be some of the biggest pushers.
I personally don't get it?........when we awaken from our sleep this should add some excitement and acknowledgement that this is blessing for another moment of life, and to look foward to experience it regardless of what the the world throw at us?......Hopefully it only comes only after we leave the house.......but sometimes it comes before we can get out the door. :)
Getting back to Mexico.........its a country filled with corruption. Its government never used the money given to it by the US to help its people and its economy. The money would go in the front door, then out the back. Regardless of this the US continued to funnel money into the country. Money that was unable to be traced. Those at the top of the food chain got very rich.
Its hard to rule over corruption that exist in a country if the government itself is corrupt, unless its ruled by the iron hand of a dictator.
When we bang up the numbers that would come to work here in agriculture against the horde that is here illegally was rather small, and after the work was finished would return home. The job market especially today can't support it, and for those that can't get legitimate jobs will make the money illegally.
There are no checks and balances, its a situation thats been out of control for decades now. Mexico should not be America's problem. The Mexican government in many respects have created their own anarchy. A country that is dependent on tourism, like the Gulf States are to make a living can't if tourism dies. Who in their right mind would want to vacation in Mexico today?. Mexico will either fix its problems or fall to the drug cartels.
I see. :)
A passport, drivers license, and most forms of ID can be replicated. The government should be able to come up with something that can't be easily replicated, and if tampered with would cause invalidation thru a color change or something if photocopied........whats the big deal if we're legal to carry such an ID?. Most of us would be glad to if the Fed were to begin cracking down on this stuff.
First things first. Our government has done literally nothing to seal our border with Mexico, regardless of 911, the 7000 or so murders just across the border, kidnappings, drugs, with their prisons filled to over capacity, and the gangs that have infiltrated into our country, even the infamous MS-13 which has now spread into many of our major cities what more evidence is needed to act?. We have enough of our own home grown terrorist (gangs) that have taken over many of our city streets nationwide that law enforcement can't control.
Our governments response?.......reduce the number of policeman who are hired to protect, and serve our communities. This is the course of action that is being taken now. Insane, is it not?
We need to get rid of the goofy politicians who fail to act to secure our nation.........the very reason 911 occurred. In fact term limits would be the ideal solution.....we don't need or should ever want or tolerate politicians who support this at any level.
First the leak has to be stopped, leak? more like a part of the wall in the dam needs to be repaired. Its estimated? that as many as 20 million illegals have set up house in America. This would be all the population in NY with all its boroughs twice over, Chicago, and Milwaukee. They're still coming................the only country in the world that allows this activity. The Dept of Immigration, and legalization has been made worthless due to our politicians selling themselves, and their offices, and this country for votes.
I'm a legal American citizen and I must show my ID when:
1. Pulled over by the police.
2. Making purchases on my department store credit card.
3. When I show up for a doctor's appointment.
4. When filling out a credit card or loan application.
5. When applying for or renewing a driver's license or passport.
6. When applying for any kind of insurance.
7. When filling out college applications.
8. When donating blood.
9. When obtaining certain prescription drugs.
10. When making some debit purchases, especially if I'm out of state.
11. When collecting a boarding pass for airline or train travel.
12. WHEN CASHING A CHECK AT MY BANK
13. When returning from a trip out of the U.S.A.
I'm sure there are more instances,
but the point is that we citizens of the USA
are required to prove who we are nearly every day!
Why should people in this country illegally, be exempt!!!!!
Why shouldn't we guard our borders as closely as every other country in the world does?
Go ARIZONA !!!
Its really sad that the wars we've engaged in since have been unjust. Its hurt all of us as a nation.
South Korea should have been the end. Afghanistan should have been over within its first year, and if Pakistan wanted to give terrorist sanctuary as they have, it should not have been a deterred us from going after them with full force. Iraq imo was nothing more than political with a corporate spin on it like Vietnam...........
The very thing that Eisenhower warned Americans about. When our country doesn't stand in the way for unjust wars where will it eventually lead?
I stand corrected, thank you!:)......that being said, everything that surrounds Berman is also a double negative.
They are!!..........When I see the documentaries of those who sacrificed in WW2, the hero's that survived, and by Gods graces made it back home, lived to describe the battles they were engaged in, are brought to tears when they describe the hero's who didn't make it back. They attribute their survival to them. Even though they did everything asked of them, and layed down their lives to save humanity, and are by any measure true hero's never see themselves as such...........even so, they must know they are hero's to us.
When the media typically uses the word hero, and distorts its sensibility, they often refer to someone in sports for maybe catching the last fly ball, or scoring to win the game, its used often, and in a variety of circumstances when it should never be, and they lessen its true meaning. A hero is someone who puts their life at risk to save someone, or give of their own to save others, a sacrifice unmatched by any other action.
http://74.6.116.140/search/srpcache?ei=UTF-8&p=IN+MEMORY+OF+IRENA+SENDLER&fr=ush1-finance&u=http://cc.bingj.com/cache.aspx?q=IN+MEMORY+OF+IRENA+SENDLER&d=4823347172019394&mkt=en-US&setlang=en-US&w=709fcbc2,9cec60e7&icp=1&.intl=us&sig=SSXNnrTZJ0nI4NSEUXrmkw--
Last year Irena was up for the Nobel Peace Prize ... She was not selected. * Al Gore won... for a slide show on Global Warming!
http://www.irenasendler.org/obit.asp
http://www.irenasendler.org/
If you have hope in something that is false in the end you'll be sorrily disappointed, and down you'll go with your money. Invest in something whose Ceo is answerable to the shareholders, and regulators. Berman is answerable to no one. The problems we have in the big board market originate here with schemers like him who believe they can do whatever they want, and don't have to answer to no-one, not one regulatory agency, even to the SEC until it blows up in their face. People like Skilling, Kozloski, Edwards, Stanford, and a slew of others who knew all to well about the OTC market. Its this totally unregulated segment of the market that helped to bring down world economies. This is where they did their dealings in purchasing this CDS insurance, or rather placed their bets with their bookie..........AIG and insurance company being just one thats cost not only its shareholders, but taxpayer dollars to the tune of $165 Billion. Goldman Sachs one the biggest hedgefunds $23B..........and the list is endless..............and all this gambling was being done behind the scenes............right under all the regulators noses, right here in the Over The Counter Market.
I've gathered as much.........we're on the same page!
This is the reason why most car owners in Milwaukee don't have any front end on their cars left. http://newsblogs.chicagotribune.com/tribnation/2010/07/milwaukee-sinkhole-photogallery.html
As you can see by the photo our streets and roads are a little rough here considering they've been crumbling since they removed the cobblestone, and then replaced it with a smooth surface called concrete..........yeah at the turn of the last century.
It didn't help any of the suspensions of the vehicles either that went off that bridge in Minnesota. At the very least they had to replace those struts.:).
The crumbling of America is real.........to bad the money allocated, and the need for the 2.1, or more trillion to repair our roads, and bridges went to Wall Street in the form of Tarp. There's is always some excuse. They just added a p to the word, problem solved. No one should ever know the difference until these kind of events unfold. Now I know what they mean by tar and feathered.
????????Of the 20,000 OTC stocks, and of the 6500 that use to actively trade before the downturn in the market are you trying to convince us that all your research brought you to this one?. It never hurts to laugh!
If you think this cert is cheaper than many, many??, (any) of the big board stocks you need to reconcile your math and rework the problem for its real worth. At .0001 this cert is extremely expensive, not cheap, and worthless is an understatement, don't be fooled by that 4th digit. He recently had 10 to 15 billion certs sold, it could have been double this, who would know he just continues to sell, but whose counting?. In this regard he's doing as good as McDonald's.
Berman should go to work for the Treasury Department. What they should be doing is printing the actual size of the dollar in relation to its real size. 1/10 of its real buying power may be over estimating it dimensions. Rind has already passed the stage of bankruptcy. He painted this one as red as China as he has with all his other schemes.
Thanks for the pep talk. If you invest one dollar in a known fraud, and embezzler, you're supporting his cause. A dollar you are sure to lose doesn't make you the wisest of shoppers if your intent is make your dollar work. I can't tell you what to do with your dollar, but in this case, if you don't want to throw it away to an individual that gives investing a bad name, donate it to save the animals. You will at least get a good feeling knowing something good is happening with it. The only real losers here have been investors, not Berman with their money, at least not yet. He is although an individual who leads a life feeding off others with the help of the SEC. We have seen over the last several years, and in interviews the only ambitions that people like him have is to get as much as they can regardless of how they have to get it, lie, cheat, steal, as long as they come out on top. The only thing they ever fail to see is any bottom. When they hit it is usually hard enough to make them see that they aren't the smartest guys in the room. They usually sit in stir crying having done nothing wrong. People with these attributes don't form overnight, they've been this way all their lives, and just when they are led to believe they are getting better at it they walk across that proverbial trap door, with a turn key on the other side.
You interested on promoting this fraud?, if so you should write to your Congressman, and to the Supreme Court in support of Jeffrey Skilling, he needs people to aid him in a rally so he may get released. He's really hoping that he won't have to do all of his 24 years. He's only done a few of them so far, guess he feels he's done enough?. Never mind his profound arrogance with his remarks to his employee's about the State of California with the rolling blackouts, and ripping off of $30B, or the people who couldn't afford to keep the lights on due to his leadership. There's a video entitled "The Smartest Guys In The Room", if your interesting in watching a con man at work. These people have souls alright, but they are as evil as hell itself.
Bri this is the reason why nothing was ever done from the SEC's Fort Worth office. I'm unsure if righty sent this info along, but if not for him who would know less this was projected on Cspan in the wee hours of the morning. Whether it was Madoff, or Stanford who stole billions its no more relevant than the information we all furnished to their office. Also FINRA formally the NASD, years later and millions lost from investors to this crook they still turn the other way when fraud was, and is being committed right under their noses. This guy should be picked up, charged, fined, and made to disgorge his ill gotten gains. Maybe they to have to many individuals who spent their time on porn sites?.
Divided Fort Worth office of SEC was plagued by inaction
Posted Saturday, Jul. 10, 2010
By DARREN BARBEE
dbarbee@star-telegram.com
http://www.star-telegram.com/2010/07/10/2325562/divided-fort-worth-office-of-sec.html
FORT WORTH -- Julie Preuitt is into NASCAR, stopping con men and doing what she believes is right -- even when it meant flushing her career down the SEC commode.
She was an SEC branch chief examining securities brokers and dealers when a routine look at a company put her on high alert. Preuitt believed her staff had found a scam: An off-shore bank was offering CDs with payoffs that were, to her thinking, "absolutely ludicrous."
It should have been a Tom Clancy moment. But in the Fort Worth regional office of the Securities and Exchange Commission where Preuitt worked, leaders regarded the case as what they called a "goat screw." They passed on orders to kill it.
Snap a picture: It's June 2009. The SEC announces bad news for a Texas billionaire. He's being sued, accusing of running a Ponzi scheme that any aspiring Bernie Madoff could appreciate. Singled out for hard work on the case was the Fort Worth office. Plaudits went to many, including two high-ranking Fort Worth officials.
What the picture doesn't show: The lawsuit against R. Allen Stanford came 12 years and about $7 billion too late.
And the praise didn't go to Preuitt, who first raised concerns in 1997. Instead, two people who pushed Preuitt aside enjoyed the acclaim. That is, until it began biting them on the ankles.
Soon after the announcement, the SEC's watchdog, the inspector general, began getting complaints that the office had not diligently pursued a probe until the SEC came under fire for failing to spot Madoff's Ponzi scheme.
Now, a starkly different image of the Fort Worth office is emerging from the watchdog report, government documents obtained by the Star-Telegram, and interviews with current and former staff members.
They show a troubled organization where senior managers for years resisted efforts to pursue complex cases in favor of the quick and easy that could run up its stats -- and they badly botched the Stanford case in its early years.
"The commission is very interested in a 'fraud of the day.' And [Stanford] wasn't ever the fraud of the day," Preuitt told the inspector general.
Stanford steadfastly maintains he did nothing wrong.
While Preuitt and the examination staff repeatedly flagged the Stanford companies as a Ponzi scheme, enforcement attorneys wouldn't budge. They ignored tips, largely disregarded state and federal concerns, and tried to fob off the matter to a private, less powerful financial regulator. The enforcement staff failed twice to read examiners' reports on Stanford.
All the while, investor losses swelled, the watchdog report says.
While the Fort Worth office was once gun-shy, SEC officials say those failings have largely been resolved since leadership changed and investigative powers were streamlined. They also say that the matter was complex, entangled in international law and a criminal investigation by the Justice Department, among other obstacles.
"I would say the public has every reason to be confident in both the performance and productivity of that office," said Robert Khuzami, head of the SEC's enforcement division in Washington.
"To the extent that there are personnel or other issues, those will be dealt with appropriately," he said. But "the performance of the office has been overwhelmingly positive."
Less focus is now placed on competing with other SEC offices' statistics for the number of cases closed, an SEC document says.
And Rose Romero, a former assistant U.S. prosecutor who now leads the Fort Worth office, said it is operating at its peak in spotting and stopping fraud, even though it has limited resources and a broad region.
"I think right now our staff is probably the best qualified staff that this office has probably ever seen," she said.
The office has rolled out some solid cases. Last year, it halted what it called frauds of $31 million, $24 million and $8.4 million, among others in Texas. An investigator even used Google to root out fraud at a major company.
Yet Romero and Kimberly Garber, who beat out Preuitt to become associate district administrator for examinations, are criticized by current and former staff members as being even more concerned with style over substance. When Preuitt opposed their decision to conduct quick-hit examination reviews, the office divided into two camps.
And Romero and Garber struck back, according to the inspector general.
Some staff members, speaking on the condition of anonymity, said they have no confidence in senior leadership. In Fort Worth, the office's strength had historically been in people like Preuitt, who were impolitic, willing to speak their minds and push co-workers and the D.C. bureaucracy to get things done. Management instead wants "tools to do away with people who have a dissenting opinion," one employee said.
And a lingering issue is how Romero has depicted the Stanford investigation. Testimony she gave to a U.S. Senate committee conflicts with records of her own office.
Apparent red flags
To its earliest investors, Stanford International Bank must have looked like some West Indies gold mine. The Antigua bank offered CDs paying interest rates markedly higher than those of U.S. banks. The Stanford Group Co., which registered with the SEC as a broker-dealer and investment adviser in 1995, was paid high referral fees for selling the CDs.
As early as the mid-1990s, the Texas State Securities Board passed along a tip to the SEC about Robert Allen Stanford's companies. "We actually found problems with Stanford," said Texas Securities Commissioner Denise Voigt Crawford.
By 1997, the Stanford companies caught Preuitt's attention. She wondered how the bank had gained nearly $307 million in deposits in a couple of years.
The watchdog report on Stanford details dogged efforts by Preuitt and the examination staff over ensuring years to find answers and prod enforcement to take action.
The first examination found apparent red flags. Preuitt concluded that the CDs were fraudulent. The staff labeled it a "Possible Ponzi scheme." The examination report was forwarded to enforcement, where it sat for eight months.
At the time, the Fort Worth office was led by Harold Degenhardt. He believed that the SEC was a beast that fed on a constant diet of cases. "As a result, cases like Stanford, which were not considered 'quick-hit' or 'slam-dunk' cases, were not encouraged," the inspector general concluded.
The Stanford case fell into the too-complex category. Getting bank records from Antigua would be a problem, enforcement said, and besides, the scheme didn't appear to affect U.S. investors. Preuitt's view: Why would that matter, if a broker-dealer in Houston was committing fraud?
In May 1998, with Degenhardt's approval, enforcement opened a matter under inquiry -- a preliminary look at whether an investigation would be appropriate. The inquiry went something like this:
The SEC asked for documents to be handed over voluntarily.
Stanford's bank refused.
Enforcement didn't try to get permission to issue subpoenas.
The office closed the inquiry three months later.
Meanwhile, another examination scrutinized Stanford's investment adviser operation. An examiner concurred that Stanford "was operating some kind of fraud," the watchdog report says.
Enforcement attorneys didn't bother to read the new 1998 examination, the inspector general reported. And yet they also suspected fraud.
"As far as I was concerned at that period of time, in enforcement we all thought it was a Ponzi scheme to start with. Always did," Hugh Wright, former assistant district administrator for the office's enforcement group, told the inspector general.
Still, the case was seen as too messy. The only thing left was to tell Preuitt because an enforcement chief "didn't expect a very happy response."
She was shocked, she later told the inspector general.
An unread report
In November 2002, the examination staff made a third swing at Stanford, and the matter was assigned the SEC's highest risk rating. But at enforcement, examiners struck out -- their report wasn't even read. Leaders thought the Texas State Securities Board could handle the case.
Enforcement also decided to refer to the state a letter from a woman worried that the life savings of her mother, about 75, were at risk.
The letter went to the state, Crawford said. The exam didn't.
In 2003, more complaints came, including one with dire warnings from a purported Stanford insider: "Stanford financial ... is a massive Ponzi scheme ... that will destroy the life savings of many."
Enforcement referred the letter to exam staff, the watchdog report says.
Preuitt felt she was being asked to go to battle with enforcement. She received a chain of e-mails showing enforcement wasn't interested in a Ponzi scheme that wasn't collapsing. "I love this stuff," Preuitt wrote in an e-mail. "We all are confident that there is illegal activity but no easy way to prove [it]. Before I retire, the Commission will be trying to explain why it did nothing. Until it falls apart all we can do is flag it every few years."
Another crimson flag was hoisted in December 2004. An exam concluded that the Stanford companies were violating numerous securities laws. By March 2005, Degenhardt and the office enforcement chief lowered the boom. The case would not be pursued, they said.
In April, the enforcement chief left, and the examination staff made yet another push.
By June, the office decided to pass the matter to a private regulator with no subpoena power. Enforcement did ask Stanford's bank to volunteer documents -- six days after the bank said it wouldn't provide them.
Tense meetings
Over the next few months, the office was in an all-out battle, as the examination staff -- Preuitt in particular -- fought to keep the investigation alive, even after Degenhardt departed in September.
A case was finally opened. But enforcement was getting cold feet by October 2005.
Upset, Preuitt started an e-mail campaign, the watchdog report says. An enforcement attorney complained that Preuitt's objections were forcing work on him. "Julie is just really passionate about this and is fighting hard ... and so we have to do all this stuff," the attorney said in an e-mail. "It's frustrating."
In early 2006, Romero was named regional director. As the investigation was crawling along, Preuitt, who had become an assistant regional director for exams, and Garber, a branch chief, vied to become associate district administrator for examinations.
Garber won.
Preuitt allies insist she was supportive of Garber. Whatever the case, it got ugly quickly. A conflict shaped up over a Garber initiative to do quick-hit reviews of broker dealers. Preuitt saw them as pointless.
During management meetings, Preuitt and Joel Sauer, a branch chief, voiced disagreements over the initiative, sometimes hotly.
Meetings became tense, with raised voices and "finger shaking" during one gathering.
By June 2008, Preuitt had been written up, pushed aside and stripped of supervising all but one employee, who later left.
Sauer wrote SEC officials in Washington to complain about her fate. The "culture of fear in the ... exam program is pervasive," he wrote. He also complained that Garber used agency funds to book employees at her brother's Kansas bed and breakfast; Romero knew of the family connection but did not object.
Garber responded by writing a letter of reprimand against him for making false statements. She ordered him to be monitored daily.
The inspector general found separately that Garber and Romero had acted inappropriately toward Preuitt and Sauer because of their objections.
Those "improperly led to actions taken against them," according to a September 2009 report. It recommended Garber and Romero face possible disciplinary action. However, they didn't because they cleared their moves with human resources.
On the matter of the Kansas stay, the inspector general found Garber had violated the code of federal regulations by "using her public office for her family members' private gain," according to government documents obtained by the Star-Telegram. She was referred for disciplinary action.
"Appropriate action was taken," Garber said, declining to elaborate.
Preuitt declined to be interviewed. In a statement, she said, "Every working day, I get to devote my energies to thinking of and carrying out ways to prevent, find or stop fraud."
Sauer left the agency. He declined to comment on the matter.
'Performance failures'
Degenhardt and Romero both drew blanks last year on the history of the Stanford case. In a Star-Telegram interview, Degenhardt had indicated he was unfamiliar with it.
"I quite frankly don't know whether the Stanford organization had ever been examined," he said.
He did not respond to messages seeking further comment.
Romero's August testimony to a U.S. Senate committee about the case firmly established its beginning as 2004 and said it was triggered by four tips or complaints. She also said the SEC had followed up on tips over the years. She did not mention the 1997, 1998 or 2002 examinations. She did not explain that enforcement repeatedly tried to ditch the case. Romero declined to comment on her testimony. An SEC spokesman in Washington backed her account.
"The written and oral testimony accurately reflect that the investigation was prompted by several things, including the 2004 exam and tips that were received during the course of that exam. As noted in the inspector general's report, none of the previous examinations resulted in an investigation," he wrote in an e-mail.
It is unclear whether anyone in the Fort Worth office was ever disciplined for the Stanford miscues, even though the inspector general recommended that "performance failures" result in "appropriate action."
Romero declined to talk about any discipline or the inspector general's findings. "What I can say from my personal experience [is] ... both the exam staff and enforcement staff were working together really, really hard to investigate what was a very, very difficult case."
Preuitt remains at the Fort Worth office, with some role in the office's oil and gas task force.
Romero's first version of Preuitt's job: "She is an assistant director and right now she is in charge of the oil and gas task force in implementing" that initiative.
Romero's second version: "I'm in charge of it."
DARREN BARBEE, 817-390-7126 begin_of_the_skype_highlighting 817-390-7126 end_of_the_skype_highlighting
http://www.star-telegram.com/2010/07/10/2325562/divided-fort-worth-office-of-sec.html
I believe this day was created on Sept 12........
I truly believe this country has lost its mind!
http://www.chillyoislamyo.com/muslim-family-day-at-six-flags-great-adventure/
Just ran across this by accident
Check out the hottest Muslim swimwear........
http://www.hijabgirl.com/islamic-swimwear.html
I wonder if they have Catholic day, Baptist day, Jehovah witness day, Jew day?
I know they have NASA day...........I wonder if they are being given tours with the viewing of classified documents on the big screen?
Of all things - http://en.wikipedia.org/wiki/Russell_Means
Since the late 1970s, Means has often supported libertarian political causes, putting him at odds with several of the other leaders of AIM. In 1986 Means traveled to Nicaragua to express his support for Miskito Indians who were allied with the US-funded Contra guerrillas against the Nicaraguan government.
In 1987, Means sought the nomination of the Libertarian Party for president and attracted considerable support within the party (finishing 2nd with 31.41%),[6] but eventually lost the nomination to Congressman Ron Paul
Russel Means played the role of the father in the movie Last Of Mohicans with Daniel Day Lewis. He fought the bad Indian who had killed his son. In its conclusion he killed him with that wicked weapon he carried, but not before looking into his eyes and soul so he would acknowledge his evil.
Watch an learn. It would serve you well if you research this person and this "so called company he uses for his personal ATM".
All he's ever done all he ever will do!. He's not here to benefit the company or shareholders, he's here for money, yours and anyone elses he can get his thieving hands on. If this racket he's running could produce any profit, won't, but this is what he implies in his pr's. It would be for him and he alone. This guy is just what joe states he his. He's a crook, liar, whose wife not that long ago filed a bankruptcy. One day he, and maybe even she will get picked up for this fraud they've perpetuated on the public..schemed and scammed for years now.
Quite a man, and family. Integrity that stands as high as the monument itself.
Orphaned at the age of one, he grew up in a series of foster homes.
He lived an exemplary life. His family is a testament of how they honored him.
http://www.cbsnews.com/video/watch/?id=5988177n&tag=related;photovideo
http://en.wikipedia.org/wiki/Crazy_Horse_Memorial
The memorial is a non-profit undertaking, and receives no federal or state funding. Ziolkowski was offered $10 million from the federal government on two occasions, but he turned the offers down. Ziolkowski felt the project was more than just a mountain carving, and he feared that his plans for the broader educational as well as cultural goals for the memorial would be left behind with federal involvement.
http://en.wikipedia.org/wiki/Korczak_Zi%C3%B3%C5%82kowski
We need to vote out whoever has been in for a term, and go with the least of the worse, no matter what party. A president can serve 2 terms max, and this what Congress passed into law. They voted against terms for themselves against the American peoples wishes...........its the ultimate kangaroo court. There was a time prior to the confirmation of Clarence Thomas, and one of our unsavory Senators who chased the women who worked for him around his office, and put his tongue down their throats, and kept a diary of his ambitions. Laws that made them immune from the same prosecutions the rest of would be thrown in jail for. This is the kind of power these bums have had. Byrd is a prime example. 50 years of wielding power, just like Ted Kennedy, and a host of others who continued to hurt this country more than help it, and who was responsible for vehicular homicide due to his alcoholism. He drove his car off into a canal, and left his woman friend to drown as he made his way home.
We will have a world government whether you like it or not. The only question is whether that government will be achieved by conquest or consent.”
Paul Warburg quotes ( Banker, 1896-1969)
Or consent by the end of a gun. Like Native American History teaches.......like the Aztecs, and the Mayans.
"This country was already founded", just like South America, the entire continent had people living here for thousands of years. All these people had the kind of freedoms we can only fathom today. We cannot even imagine what it was all like. Redwoods that stretched thru California, and Oregon. There were no diseases that would wipe out populations of people, no pigs, chickens, cockroaches, rats, even weeds. Its hard to imagine all this now.
People who lived in harmony with nature, is now suffering so many ills that its very internal destruction seems to be imminent. Lawlessness abounds from coast to coast, and its growing like cancer.
The recklessness of our government for power and greed has reached a peak in just the last part of this century.
To ever think we will ever hear the end of the incredulous nonsense is like hoping for a time when term limits will be enacted into law. Remember when Tarp was sent to the Senate?, to get one of the Senators to vote for its passage he needed to get a deal for $140m or so for a Puerto Rican Rum Company, and another for several million to a company that made wooden arrows for children.
Now its NASA - you know, our Space Agency who has recently be brought down by one of its own who drove half way accross the country non stop wearing space diapers so she could attack her competition in a love triangle, are now on a mission for the Muslim world. The insanity of insanities. http://usgovinfo.about.com/b/2010/07/07/obama-tells-nasa-to-improve-muslim-relations.htm
Its about as nuts as the Obama administration filing a lawsuit against Arizona for taking a defensive posture on the illegals who are overwhelming their State. For that matter the country. Like Carter accepting 50,000 Cuban criminals into Miami, 55,000 Haitians are now in the process of coming whose backgrounds are unclear. Many who already live in Miami have notorius gangs involved the drug trade, and murder.
Many of the politicians, like Biden, like Lieberman, who believe their seats are protected by corporations, and no longer need the people of their State, need to given their walking papers. Like the morons who would like nothing more than to protect BP, and are so apologetic for the scorn the Ceo and his company have received for destroying the Gulf, and its inhabitants both in, and out of the water.
Its been a sanctuary for them for ions, and now have to live in a toxic broth for God knows how long?, and whose $20b escrow is less than what the govt gave Goldman for its gambling debts. If it gets deep into the everglades as it creeps into the Louisiana Bayou protected creatures on the brink of extinction could be lost forever.
A price tag cannot be put on this kind of catastrophe, the damage is in fact irreparable when we consider 11 people lost their lives, and the untold lives of wildlife in and out of the ocean. It will affect us all as a nation for decades to come. We have now learned that there are approx 27,300 drill holes in the Gulf with temporary caps, disasters probably waiting to happen. MMS is just as sorry an agency as the SEC who chose to look the other way due to gifts, bribes, porn, and sex parties, Madoff and Stanford are little more than the Summit of Everest........A Government run by corporations. This was not the intent for their creation.
Cheap>>>>>>>>>??????????????you really need to do the math. First and foremost you had to read the warnings on this stock, this company and the Ceo. Berman is the poster boy of fraudsters for the OTC pinks. Bruce has posted the info on the board. The moron who runs this company has cheated every single last investor. Your lost if you don't do the research. He has 20,000,000,000 authorized shares to sell, but whose counting?. More than 3x's the population on the planet, and he's been close to getting there on his last run. If you buy one share for .0001 you've paid more than $20.00 a share than with a real well run company whose Ceo isn't eating everyones lunch selling stock and options into the millions for himself, which would include the rest of the insiders. If the founder is not the Ceo he or she may very well go un-noticed, and be raking in 10x's more than the companies Ceo selling stock, so research is the key, and even this is not always enough, as we have seen over the last several years, there are more than enough crooks to go around. Berman is pretty blatant about, one the most arrogant buttheads you'll come across. If there was any chance of this thing making money which it hasn't it wouldn't be for the company or its shareholders. Then ask yourself why he needs this to be public if he can make millions?. He takes every dime for his personal gain.
http://www.bloomberg.com/video/61233266/
http://www.bloomberg.com/video/61233266/
http://www.bloomberg.com/video/61233266/
Conrad Black, the former chairman and chief executive officer of Hollinger International Inc. convicted of fraud in 2007 and imprisoned since March 2008, asked a U.S. appeals court to release him on bail.
http://www.bloomberg.com/news/2010-07-06/conrad-black-in-prison-since-2008-asks-u-s-appeals-court-to-grant-bail.html
There's always some loophole that the sophisticated insider crooks can exploit to steal, one being the Ceo and founder of Global Crossing who purchased a $90 million dollar home following the collapse of the company with $30 million in renovation to follow. He got nothing more than a slap on the hand. Then we got Bernie Edwards, Skilling & Lay, Kozloski, and the infamous Adelphi family
http://www.nytimes.com/2002/07/22/us/worldcom-s-collapse-the-future-bankruptcy-s-taut-wiring.html?pagewanted=all
http://www.pbs.org/newshour/bb/business/jan-june02/global_crossing_2-13a.html
The list is endless.............Goldman has been a player in corruption for more than 3/4 of a century, and Henry Paulson was at the Helm prior to becoming Treasury Secretary. Many like him have filled govt positions, and in some in very high places, but this is nothing new.
We now have the Supreme Court who appears to be anxious on setting these very same crooks free. They will no doubt set a precedent. If they set one free on such a technicality all be on the ban wagon. Skilling and his attorney have been pursuing such a reprieve for some time. Guess we will wait to see what happens?........
The Fed govt wants to help the illegals get a stronghold in Arizona by suing the State, having failed to protect our borders for decades really sets a precedent for what elected officials will do to win votes from the Hispanic community. Nothing more nothing less.
The govt and the justice system??? has there heads up their butts so far that they never can hear what the American people have been screaming about forever. "Get it together or get their butts out of Washington".
Isn't it something that Clarence Thomas was made a Supreme Court Justice?..........even in the face of his accuser the Congress still confirmed his nomination which came from old man Bush. It appears the Constitution is whatever they want it be?
Thank you.
The only thing that is gonna run up are more lying touts from this verified bonifide crook whose goal is to get your money. This is his real goal. Words to heed! - Berman stated, "this is his company!", he will do with it as he wishes, everyone who puts their money down is only along for the ride. As you can see, an historical one way ride..........Between his market maker, his broker, and his beater account, your money comes in the front door, and goes out the back before your broker can post your losses on your account..........Beware!!!!!!! This is nothing more than an ATM for him, and the SEC has failed on every front to expose this fraud for who he is. Anyone associated with this bum is little more than his bed fellow, birds of a feather flock together. He should do something more with his printing press, like making wall paper whose edges read 2 ply as opposed to 20,000,000,000 shares authorized. He's outdone Mickey Dee whose franchise is worldwide, but unlike Mickey Dee, this guy operates from his home with a copy machine, and whats served up will sour on your stomach.
Russell Industries Initial Growth Rate Attained
ShareretweetEmailPrintCompanies:Russell Industries Inc. Related Quotes
Symbol Price Change
RIND.PK 0.0001 0.0000
Inc. On Monday June 21, 2010, 1:58 pm EDT
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RIND - News) has obtained data from four independent testing facilities. Algae biomass grown, harvested and extracted from two bioreactors developed in its Proof of Concept Pilot to Scale Algae Biomass Project were sampled to determine an initial attained growth rate and suitability. The initial growth rate attained was .67 per liter with continuous removal of biomass, 3% maximum concentration of algae in water, 30% maximum lipid recovery and a 1.7 doubling rate days. Fatty acids analysis data showed greater unsaturated composition. Two suitable uses of unsaturated algae biomass are feedstock to be refined in biodiesel production and as a protein supplement for nutraceutical markets.
The man whispered, "God, speak to me"
And a meadowlark sang.
But the man did not hear.
So the man yelled "God, speak to me"
And the thunder & lightning rolled across the sky.
But the man did not listen.
The man looked around and said, "God, let me see you."
And a star shined brightly.
But the man did not see.
And, the man shouted, "God, show me a miracle"
And a life was born.
But the man did not notice.
So, the man cried out in despair, "Touch me, God,
and let me know you are here"
Whereupon, God reached down and touched the man.
But the man brushed the butterfly away and walked on.
I found this to be a great reminder that God is always
around us in the little and simple things that we take for
granted. .even in our electronic age . . . so I would like
to add one more:
The man cried "God, I need your help" . . . and an e-mail
arrived reaching out with good news and encouragement.
But the man deleted it and continued crying.....
The good news is that you are loved.
Don't miss out on a blessing because it isn't packaged
the way that you expect.
My instructions were to send this to four people that I
wanted God to bless and I picked you. I decided to send
it to more than four, because I didn't want to limit blessings.
Expect the unexpected....
Have A Happy Day!
People who lost lots of money who listened and believed in his touts from his "wired" PR's which were nothing more than lies did fight. Many took their complaints to the SEC, and FINRA, the agency that Mary Shapiro came out, and at this point in time has done little to nothing regarding the OTC market. What we learned over the last several weeks though that people employed at the SEC, "attorneys" that held high positions with salaries ranging from $100k to $225k spent their time viewing porn on their office computers, one during his entire day, all day, everyday. Its an agency that operates like MMS within the Dept of the Interior. Government computers, and were payed with taxpayer dollars to carry out these kind of functions as opposed to doing their job.
We also learned that Madoff had close ties with at least one woman who has position at the SEC thru the marriage of one of his sons, or relative. Who chose not to testify during the Congressional hearings of the SEC due to conflict of interest, or something to that effect. All these people were called to testify regarding their mishandling of Madoff, and if you listened all of them may as well had taken the 5th because they had no defense for their dereliction of duty.
joe people here have made valiant efforts to get something done here, some to the point of making them ill, and its all fallen on deaf ears. Every dime Berman has stolen is the hope that he will get his just deserts.
Its looks as though we have become a nation of occupiers in foreign countries. How many more years of Iraq?, and when do we begin building an infrastructure for the entire country of Afghanistan?, as it continues to grow and sell opium. I thought Obama was going after Bin Laden, and the Taliban, or so he stated when running his campaign. When have we ever needed permission to go after those who have attacked the US no matter where their at?, any country that would give these kind of enemies of the US sanctuary are just as guilty. With open borders the only threat this government recognizes is right there, but yet they don't want to eliminate it..............we fight nice wars.
A good idea. Its unbelievable that the SEC allows this kind of blantant fraud. Here's a guy that has never made a penny for the retail investor, nor will he ever. He uses a public domain to feed his BS to the public with the notion they will see a return on their money if they will throw some money his way to raise capital in order to do it. As you can see he takes it for himself. He issues enough so he and his partners in crime will be below what the stock can legally trade at insuring them a profit.
Whatever the SEC will allow here is circumvented thru the rest of the market.............the very reasons why we have witnessed all we have. If the agency doesn't start here, and work to make new laws and regulations that would make every company file, with rules of transparency, and shareholder power with proxy. and then use their teeth to prosecute fraud at every level things will never change. The first step is to eliminate pinks which is nothing more than a vehicle to committ fraud, and this falls into the lap of the SEC. It may have worked in the 30's when people were building this country but today its nothing more than a scheme to steal money with no oversight by any agency. Berman and his partners have stole plenty, and will continue less he is stopped.