CMKM Diamonds Inc. (fka CMKX)

[dia duit]

a $ 500,000 scam in which Wanta got people to invest in a currency exchange deal

"He is a con man who cons con men.''

http://qbidtalk.proboards.com/index.cgi?board=general&action=display&thread=8276&page=2


By 4profit

Re: Does Hodges GIVE money to clients?
« Reply #19 on Jul 14, 2011, 4:03pm »

It begins with, Lee Emil Wanta on birth certificate, signed documents Leo Emil Wanta.

i spoke with the US Attorney in Virginia regarding Wanta litigation in his case against Dick Cheney, Morgan Stanley,et al. World Reports states that Leo was given legal guardianship of the trust. What actually happened was Leo was Pro Se, defending himself and was urged to Get a guardian to represent himself. Leo was sanctioned for bringing the case forward. Sealed records evidenced in the docket and always creates consipiracy & mystery, were only his mental health records

In a different legal proceeding,

Haag said Wanta was arrested in Switzerland in 1993 for attempting an $ 81 million bank fraud. Wanta claimed diplomatic immunity in that case, contending he was the Somalian ambassador to Canada. The Swiss deported him to the United States, where he was arrested in New York on the Wisconsin tax fraud charge.

Wanta -- a self-described world businessman with ties to the international commodities, currency and tried arms markets -- is charged with failing to pay state income taxes on about $ 500,000 in the late 1980s. He is charged with four counts of filing fraudulent tax returns and two counts of tax evasion. Assistant Attorney General Douglas Haag told jurors Monday that evidence will detail how Wanta set up a series of dummy corporations to launder money through Swiss, Chinese and American banks. Wanta, of Appleton, then used the money to pay off some crushing debts, said Haag.

Assistant Attorney General Douglas Haag, who prosecuted the case, and attorney Steven Epstein, who represented Wanta, disagreed mightily over who Wanta was and what he should get for a sentence.

''As tax fraud cases go, this one is big-time,'' said Haag, who established during the trial that Wanta made $ 166,000 in 1988 and claimed to have made nothing, and made $ 63,000 in 1989 and claimed zero on his taxes.

Haag said that money came from a $ 500,000 scam in which Wanta got people to invest in a currency exchange deal.

Investigators who have been tracking Wanta, however, say he is a crook who has defrauded people worldwide.

In one scheme outlined in the complaint, he apparently cost European investors about $ 500,000 claiming to be a currency trader with interests in China.


''Mr. Wanta is in fact a con man, nothing more and nothing less,'' he said. ''He is a con man who cons con men.''

''He is a world class con man,'' said Haag. ''A snake oil salesman. But he was unable to sell that snake oil to the jury.''

July 25, 1996

Dane County Circuit Judge Michael Torphy. A competency exam, ordered after Wanta's own attorney called him delusional, found Wanta competent to stand trial.

Torphy said there is reason to doubt Wanta's competency. He continued the sentencing hearing until 1:30 p.m. Wednesday, when a psychiatrist or psychologist will be appointed to examine Wanta.

To be found incompetent to continue sentencing, it must be shown that Wanta doesn't understand the nature of the charges or that he is unable to assist in his defense.

''I'm sure he understands the nature of the charges,'' testified Milwaukee psychologist Samuel Friedman. ''I'm questioning the ability to cooperate in his defense.''

Friedman said he believes Wanta suffers from a psychotic illness. Against the position of his attorneys, Wanta argued he is competent to be sentenced.

But state Assistant Attorney General Douglas Haag argued that Wanta's endless stream of claims is part of an elaborate scam.

''The essence of Mr. Wanta's success is precisely the reason that defense counsel and the defense psychologist give for Mr. Wanta's incompetence,'' he said.

Friedman said Wanta's gestures and facial expressions fit his psychotic diagnosis.

''He indeed could be a genius in this regard, but I doubt it,'' Friedman said. ''He can't control his delusional system.''

The tax evasion trial of Leo Wanta last week before Dane County Judge Michael Torphy had all the elements of a fiction thriller: espionage, international intrigue, assassination attempts.

The trouble was that these events apparently took place mostly in Wanta's mind. Instead of the high drama of a spy trial, the case had the unfortunate air of one man's tragedy. Despite his delusions and a stint at Mendota Mental Health Institute, Wanta was found competent to stand trial.

His delusions, however, apparently extended worldwide. Prosecutors said Wanta was arrested for fraud in Singapore and Geneva, where he told Swiss authorities he was a Somalian ambassador and a friend of Al Gore.

Wanta talked of how he rescued President Ronald Reagan from an assassination attempt at the White House and how he uncovered a covert Illinois group, Itasca, which supplied arms to Israel. Itsaca, Illinois that is, where Prosecution found Hotel receipts, where Leo had stayed & airline info.

Leo claimed to be a legitimate businessman from Vienna, Austria, who owned a corporate home in Appleton. A failed vending machine salesman, heavily in debt.

Statements made by Wanta

A memo, marked "urgent" and "confidential," was sent to Noriega on April 1 by Leo Wanta, president of AmeriChina Global Management Group Inc., an arms exporting firm based in Appleton, Wis.

Wanta told Noriega in the memo that the supplier of the weapons had advised that "they are ready to finalize the delivery" of the Browning 9mm semi-automatic pistols made in Belgium.

The schedule called for the delivery of 5,000 pistols immediately and 2,000 per month thereafter until "all units are delivered. The list price is $398 each".

Wanta impersonated being different types of government agents but The pistols are manufactured by Fabrique Nationale, S.A., of Belgium and are to be delivered from that country to Panama, according to the memo. The State Department raised the issue late last month with the Belgian firm, which said that it had not had contact with anyone from AmeriChina, a U.S. official said.

The government cannot legally block the sale because the weapons are not of American origin. The U.S. official, insisting on anonymity, said AmeriChina has not registered with the U.S. government, a requirement he said applies to all American arms dealers. Nor, was it registered in Appleton, Wisconsin. There is evidence he was going to try and on his OWN behalf, sell arms but was unsuccessful and too delusional.

Another case:

"A man who tried to convince a court his 15 lawyers include U.S. Attorney General Janet Reno was cautioned by a judge that he should have brought one along for a hearing on a $ 200,000 tax matter.

After listening to Leo Wanta's explanations Thursday for failing to appear in court in Madison with an attorney, Judge Richard Nowakowski told him he'd better have one in time for another Circuit Court hearing Jan. 4."

Wanta said he should be represented by the U.S. Justice Department because he has been a government agent for the Customs Office and the CIA.

Besides contacting Reno, Wanta said, he has spoken with 14 lawyers. Nowakowski inquired whether Wanta really thinks the government will be his counsel.

''I will have the U.S. attorney for sure,'' Wanta replied.

What happened in these cases, Wanta could dress & feed himself, read, drive, speak, so he couldn't be declared incompetent, even tho he truly believed delusional things.

Haag asked for a sentence of 13 years in prison and another 12 on probation.

Epstein, Wanta's attorney, on the other hand, said Wanta clearly is delusional but pointed out Wanta has never before been convicted of a crime.

''The portrait that has been painted by Doug Haag is not the real Leo Wanta,'' said Epstein.

''He exists in a different world,'' Epstein said of his client. ''The fact of the matter is he is in a different orbit,'' Epstein said, adding that Wanta actually believes the stories he tells.

This comes from an assortment of articles & court records, produced for the public.