There were facts not in evidence at the time that Greenberger tried to claim a theft loss deduction.
Had those facts been in evidence, Greenberger could have modified his Motion, and he would have prevailed in claiming a theft loss.
However, prosecutions in this case have not been initiated in accordance with the rule of law. Rather, they have been initiated to suit the purposes of agencies such as the SEC and the DOJ.
In this particular example, certain evidence was not introduced until the SEC and the DOJ were ready to initiate charges against Axius, Inc., and promoter Jean-Pierre Neuhaus.
Then-Attorney General Eric Holder highlighted the Axius case on his website, where he bragged of his accomplishments during his tenure. The US Attorney who worked with Holder on this case was Loretta Lynch, of the Eastern District of New York.
It's activity such as Holder and Lynch displayed that prompted me, in part, to file a shareholders' claim to the SpongeTech shares Holder wanted forfeited to his office. It is also, in part, why I wrote an open letter to the Senate Judiciary Committee, asking them to deny the confirmation of Loretta Lynch as the new Attorney General.
Mr. Greenberger is left with claiming losses of $3,000 per year, to offset gains in future years. If he has gains every year going forward, he will need to live another 100+ years to recoup his SpongeTech loss. That is not what he was entitled to, by law. It is what he is left with as the result of how the SEC and the DOJ decided to proceed in these cases.
AI
