Genmed Holding Corp. (fka GENM)

[StockdungU]

Here is what DeeCapture.com had to say about Sherman Mazur just a few days ago

http://www.deepcapture.com/the-miscreants-global-bust-out-chapter-20-uhm-is-anyone-out-there-getting-this-for-example-the-president/



This network of brokerages in Bangkok was, until 2007, affiliated with General Commerce Bank, the Austria-based outfit discussed in Chapter 19 of this series. The people behind General Commerce included Adnan Khashoggi, Sherman Mazur, and Rakesh Saxena—all of whom were (along with Nazerali, Elgindy and a few others) were among the closely affiliated short sellers who used to comprise the select clientele of Centex (controlled by Yvgeny Dvoskin, alleged ring-leader of Russian spies); Thomson Kernaghan (Mark Valentine); Pacific International (Curshen); and Global Securities (tied to the Assa Corporation, an Iranian espionage outfit).

Also involved with the Bangkok brokerages was Phil Gurian, right hand man to DeCalvacante Mafia boss Phillip Abramo, who was known in these circles as the “King of Wall Street.” Gurian was, meanwhile, a client of Datek Securities, founded by Omar Amanat (designer of Tuco’s Lightspeed platform).

When Gurian’s relationship with Datek came under federal scrutiny, the Datek principals who had dealt with Gurian spun out some of Datek’s assets into a new brokerage, Heartland Securities, which was quickly bought by Steven Schonfeld (co-owner of Lightspeed).

As we know, the General Commerce Bank brokerages cleared their trades through JB Oxford (founded by Nazerali’s BCCI partner Irving Kott; financed by Nazerali and Boris Berezovsky, “Godfather of the Kremlin”). And they became Penson Financial clients in 2005, when JB Oxford’s clearing operation was sold to Computer Clearing Services, the outfit that became Penson’s principal subsidiary that same year.

Most of the people involved with these brokerages are among history’s most destructive financial criminals. Khashoggi, Saxena and Mazur were all linked to the 1997 collapse of Bangkok Bank of Commerce, which precipitated the most devastating financial crisis that Asia has ever experienced. In 2009, Saxena was extradited from Canada to Thailand to face charges for his role in that disaster.

In addition to being a destructive financial criminal and short seller, Saxena was (as I have mentioned) also a leader of India’s Marxist Naxalite rebels (linked to Al Qaeda affiliate Lashkar-e-Tayyiba, which is part of the Pakistani intelligence apparatus). In 1997, Saxena tried to orchestrate a coup in Sierra Leone with a band of mercenaries that included the future stock trader Danny Sterk (the guy who loves his dog).

According to the British parliament, the coup was part of an effort to secure diamond concessions. Which makes sense, given that Saxena was a business partner of Ibrahim Bah, who was one of Muammar Qaddafi’s most important intelligence operatives, responsible for stirring up conflicts in Africa. Bah was also the principal broker of diamond deals between Sierra Leone rebel forces and Al Qaeda.

At any rate, in 2005, the Russian Mafia boss Egor Chernov was in Bangkok with Alexander Gorbachev and a few others. Chernov had traveled to Bangkok from Moscow, where he shared office space with the A.C. Nuclear Opportunities Fund, run by Andrey Cherkasenko, sponsor of the Miss Atom beauty contest, which gives prizes to the prettiest girls connected to the business of selling radioactive isotopes.

Cherkesenko (like the fellow running Man Financial partner BrokerKreditServis, whose “head of international” set up the Orange Diviner account at Tuco Trading) had previously run Alfa bank, and was one of the principal financiers of Iran’s nuclear program.

Chernov, meanwhile, was among the clients (the others being Russian spies) whom Ali Nazerali introduced to Lines Overseas Management and Vfinance. Recall that the Vfinance broker who handled their trades was Gustavo Chacin, who once constructed a chemical weapons plant for Muammar Qaddafi in partnership with Ihsan Barbouti. (Barbouti aslo transferred nuclear technology to Iran, and was tied to Ramzi Yousef, who carried out the 1993 World Trade Center bombing that was masterminded by the Blind Sheikh).

In 2006, Chernov and his close associate Ali Nazerali had arranged for the Mafia-tied Yank Barry (a.k.a. Gerald Falovich) to open a tobacco litigation foundation in partnership with Sergei Chemezov, a Russian intelligence operative and arms dealer who has been sanctioned for illegally selling S-300 ground-to-air missiles (among other sophisticated weaponry) to the regime in Iran.

Again, all of this is documented (with more detail and evidence) in earlier chapters. But it is worth repeating in light of new information that follows.

Chernov is a mobster tied to the Mogilevich organization. When he used to travel to Bangkok, he was considered a representative of the Russian government, and was escorted from the airport in police convoys, sirens wailing, traffic forced to pull to the side of the road.

This could be because, like Alexander Gorbachev (who spends several months a year at his luxury villa in Bangkok), Chernov is a relative of the former Russian premier. Chernov’s sister is judge Marina Gorbacheva, who was Russian president Vladimir Putin’s closest ally in the Russian judicial system until she was caught running a fake passport ring in cahoots with her brother, Chernov.

The FBI’s investigation into that fake passport ring was (as we have seen) linked to an investigation into Chernov’s murder of Rex Judd (whom Yank Barry a.k.a. Falovich had recently bailed out of jail). A source who used to work closely with Chernov has told me that the FBI has arrested Chernov, and he is now awaiting trial. I do not yet know what the charges are.

But I do know that Chernov lured Rex Judd to Thailand, drugged him, and then left him to drown in the sea off the coast of Pattaya, a party town south of Bangkok.

And the story of another Chernov adventure in Thailand might provide additional insight into the bizarre relationship that he and his cronies had with Penson Financial and its clients. Back in 2003, Chernov was on one of his regular trips to Bangkok, hanging out with Alexander Gorbachev, and attending his usual round of meetings with the local network of Mafia brokerages.

A lot of the Cordova-affiliated brokerages were run by John Keeley (who was a fugitive from the law when I first talked to him in 2001, but escaped doing time in a Thai prison by bribing the right people). Among other achievements, Keeley was a member of the Irish Republican Army, which, in its heyday, received much of its training from Yasir Arafat’s Palestinian terrorist group and Iran’s Revolutionary Guard.

Since he was a member of a terrorist group, it seems natural enough that Keeley also orchestrated a pump and dump fraud (Oasis Resorts International) with help from Gary Coleman, the diminutive star of the American sit-com television program “Different Strokes.” Coleman (“What’cha talkin’ about, Willis”) is no longer in show business.

At any rate, after checking in with the local Mafia brokerages, Chernov hung out in Bangkok for a while, swilling vodka from morning to night, as was his habit. Eventually, he headed to Pattaya to meet with Thomas White, who was best known as the chairman of White Pacific Securities, sister company of Computer Clearing Services, the outfit that would, in 2005, absorb JB Oxford’s clearing business and then become Penson Financial’s most important subsidiary. With that deal, White Pacific also became part of Penson.

It is not exactly clear what transpired next, but somehow or another, Thomas White ended up in a Thai prison. After that, he was extradited to Mexico to face charges of having sex with underage boys. But while he was languishing in a Mexican prison, it emerged that he might not have had sex with underage boys after all. Instead, it appeared that he had been framed by a cast of characters that might have included Egor Chernov, and certainly included a San Francisco attorney named David Replogle and a young Mexican man named Daniel Garcia.

As Garcia himself would later admit, he and Replogle traveled to Mexico on multiple occasions to recruit Mexican boys to act as plaintiffs against White. In transcripts that are part of another legal case, Garcia said that Replogle paid off the Mexican boys to say they had had sex with White.

“The second [Replogle] signed up the first kid,” said Garcia, “there were tons coming out of the woodwork smelling money. And from day one, [Replogle] was giving these kids cash…But it quickly escalated to where he was paying for all of their living expenses, giving them a weekly or monthly allowance…he has basically been supporting almost 30 of these kids over the past couple of years.”

Meanwhile, prosecutors in California issued a felony complaint alleging that Garcia and Replogle were involved in a scheme to steal money from a man named Cliff Lambert, who subsequently disappeared. In 2008, Replogle was indicted for murdering Lambert. And, in 2008, it was assumed that the reason for White being set up had something to do with the nature of his business, which had since been absorbed by Penson Financial.

As of 2008, White’s former top employee at White Pacific, Irene Shen, was the second in command of clearing and settlement at Penson Financial. Shen’s boss, recall, was Christopher Sandel, who had previously been a principal and senior vice president in charge of clearing and settlement at JB Oxford’s predecessor firm, Adler Coleman (which, like JB Oxford, had been founded by Nazerali’s BCCI partner Irving Kott, and financed by Nazerali and Boris Berezovsky).

I knew parts of this strange story by the summer of 2010. That same summer, things got stranger when Paul Combs was found with a bullet hole in his head. Combs (also known as Aleksander Stanslawov) was a narco-trafficker and a key witness in the famous “Danger Road” case against a former Miami police officer turned Mafia hit man who had murdered three other narco-traffickers (who got their drugs from Combs) on a remote stretch of highway known as “Danger Road” in the Florida Everglades.

Combs had been a friend of Chernov but turned on him after Rex Judd was killed. Recall that Combs had gone so far as to spray paint the garage of Chernov’s Utah mansion with the words: “Egor Chernov Killed Rex Judd. Russian Maggot!”

In addition to being a narco-trafficker, Combs was a stock broker for DBS Securities, whose chief operating officer in Singapore, Frank Wong, had (perhaps unwittingly) helped Chernov lure another of his victims to Thailand by writing a letter (posted at DeepCapture.com) inviting the victim to his (Wong’s) beach-side villa, where the victim would have the opportunity to meet with Chernov and other Russian dignitaries, including Anatoly Chabak, who is the biggest outside shareholder in Roman Abramovich’s Evraz Group.

Wong also arranged for Chernov and the Russian dignitaries to naked short U.S. stocks that had been listed on the Singapore stock exchange. But that wasn’t the only manipulative short selling perpetrated by this crowd. By the fall of 2010, I was beginning to better understand the relationships that some of these people had with Tuco Trading, the tiny, unregistered brokerage in Chicago.

The top executives of Abramovich’s Evraz Group, for example, were among the people behind the Orange Diviner account. And, of course, I had learned about this network’s ties to the T3 and Lanai accounts, which transacted manipulative short selling in volumes exceeding those of Goldman Sachs.

I was also beginning to learn more about the Iranian Pejman Hamidi, who had set up those two Tuco accounts – Lanai and T3. As we know, one of Hamidi’s colleagues at T3 Capital was Felix Garcia, who had been a principal (along with Rafi Khan) at JB Oxford.

And we know that Anthony Elgindy’s former trading partner Ferdinand Ledesma was in China, helping set up the 2,000 secret subaccounts for Hamidi’s Lanai account. As we will see in a moment, Lanai and T3 had a special relationship with the Lightspeed trading platform (designed by Omar Amanat, partner of Hamas, friend of the Blind Sheikh, owner of brokerage linked to Russian government market manipulation, etc.)

In addition to Lightspeed, Omar Amanat founded Momentum Securities. The top trader at Momentum Securities was, for many years, Kirk Kazazian, who also headed up the Armenian Fund USA, an outfit that is devoted to supporting Armenia in Ngorno Karabakh. In fact, the United Nation’s has sanctioned the Armenia Fund (which receives much of its funding from Iran) for falsifying information about Armenia’s terroritorial rights in Ngorno Karaback.

Amanat’s other top trader (at Datek Securities) was, of course, Solomon Obstfeld (tied, along with his future hedge fund partner Martin Schlaff, to Iran, Libya, Hamas, Yasir Arafat, Vladimir Putin, and Mogilevich).

Back in 1999, Momentum Securities and the affiliated All-Tech Investments were Penson Financial’s first clients. All-Tech Investments was founded by Harvey Houtkin, who also controlled Rushmore Investments, which was a founding shareholder of Terra Nova Financial (Tuco partner whose executives are tied, variously, to Iran, Hezbollah, maniacal jihadi warlords, and Osama bin Laden’s favorite financier). In 2008, Houtkin also owned another brokerage, Domestic Securities, which cleared trades through Penson Financial.

In 2009, when Naresh Patel (Al Qaeda money man; member of D-Company, which is a Pakistani intelligence affiliate) was charged with transacting (at the height of the 2008 financial crisis) massive volumes of manipulative wash trades through Tuco partner Man Financial, FINRA was investigating Houtkin’s Domestic Securities for serial violations of short selling rules during the financial crisis of 2008.

FINRA was also investigating more “supsicious” people who were trading through Domestic. A year earlier, Domestic had been sanctioned for violating the “International Money Laundering and Anti-Terrorist Financing Act of 2001”

In this case, FINRA just said the trading though Domestic was “suspicious”. But apparently nobody sought to apprehend the “suspicious” traders. So we don’t know who they were. It’s a mystery.

The other mystery that remains unsolved concerns Mark Barton’s 1999 assassination of nine traders at Momentum Securities (founded by Amanat) and the affiliated All-Tech Investments (founded by Houtkin).