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alex revision
October 24th, 2008, 11:01 AM
The Rothschilds and their 200 years of political influence
23 October 2008
Independent.co.uk
Nat Rothschild, the financier at the centre of allegations that threaten to engulf the shadow Chancellor, George Osborne, is no stranger to laws which forbid politicians from accepting donations from abroad.
Political donations from overseas are also illegal in the US, where John McCain's campaign team is under investigation for allegedly accepting a benefit in kind from two mega-rich British citizens, namely Nat Rothschild and his father, Jacob, the Fourth Baron Rothschild.
In April, Mr McCain passed through London and spoke at a fund-raising dinner for expatriate Americans, where seats at the cheapest tables cost £500 a head. What caught the eye of Judicial Watch, a Washington-based foundation dedicated to combating corruption, was that the event was held "by kind permission of Lord Rothschild and Hon Nathaniel Rothschild" at the family home in Spencer House, St James's, the only privately owned 17th-century palace in central London.
The US Federal Election Committee is still investigating the allegation that Mr McCain's campaign team broke electoral law by accepting a benefit in kind from the Rothschilds. "We haven't heard from the FEC yet, and don't expect to until after the campaign," Tom Fitton of Judicial Watch said.
The Rothschild family and politics have been intertwined for generations, ever since Nathan Rothschild, who founded the English branch of the family business, financed Britain's war against Napoleon two centuries ago.
Nathan was the son of Mayer Rothschild, who founded the family business in the Jewish ghetto in Frankfurt during the 18th century.
Serena Rothschild, Nat Rothschild's mother, was one of the largest individual donors to the Conservative Party last year. She gave £190,000.
She has also helped fund Mr Osborne's office.
When another member of the clan, Sir Evelyn de Rothschild, married the New York businesswoman Lynn Forester, they spent the night of their wedding dinner in the White House as guests of Bill Clinton. Lady Rothschild was a fund-raiser for the Democrats, but defected to the McCain camp after her friend Hillary Clinton was beaten to the nomination by Barack Obama.
So it is nothing new for a Rothschild to be mixing with prominent politicians – but generally they do it in a way that does not invite unnecessary publicity. What is unusual about Nat Rothschild's sudden intervention in the affair of the oligarch and the Corfu yacht is the way he has placed himself centre stage. His presumed motive is anger at Mr Osborne's bad manners in passing on what Peter Mandelson had said about Gordon Brown, when Lord Mandelson, Mr Osborne, and Mr Rothschild were guests of the Russian aluminium tycoon Oleg Deripaska.
Despite the now famous photograph that shows Mr Rothschild and Mr Osborne as privileged 21-year-old Oxford undergraduates, they were not close friends and their paths soon diverged. Within two years of that photograph being taken, Mr Osborne had set himself on his chosen career path by taking up a senior post at Conservative headquarters. In the same year, Nat Rothschild, showing no interest in finding a steady job, teamed up with Annabelle Neilson, a model he had met on a beach in India, eloped to Las Vegas, and married her.
His horrified parents must have feared that he was heading off on the same self-destructive course as two of his cousins – Amschel, who hanged himself in a Paris hotel in 1996, and Rafael, who died of a heroin overdose in Manhattan at the age of 23.
But Nat Rothschild emerged from his marriage break-up three years later a changed man. In New York, he met Timothy Barakett, founder of Atticus Capital, a hedge fund that places large and often risky bets on behalf of wealthy clients. Mr Rothschild became co-chairman of the business, which at its peak was managing investments worth more than £20bn. That was before turmoil in the markets – last month, it was reported that £2.5bn had been knocked off the value of Atticus's assets.
Even so, Nat Rothschild is thought to have made much more than the money he stood to inherit as Jacob Rothschild's youngest child and only son. Father and son are now a team, who co-founded JNR, an investment vehicle with offices in London and New York and extensive interest in Russia. It was Jacob who introduced Nat to Peter Mandelson.
http://www.independent.co.uk/news/uk/politics/the-rothschilds-and-their-200-years-of-political-influence-969772.html
Jack Black
October 27th, 2008, 02:14 PM
In twelve articles published by various mainstream British newspapers between the 21st and 27th of October, concerned with the Mandelson, Osborne, Deripaska connection:
Anton Malevsky was a gangster and the Oligarch, Boris Berezovsky, was once described by Forbes Magazine as the Head of the Russian Mafia. The Oligarch, Mikhail Khodorkovsky, is still in jail and the Oligarchs Roman Abramovich and Mikhail Cherney are also suspected of being involved in some very heavy duty behaviour.
All of the above are Jewish.
As is Deripaska, as was the father of Peter Mandelson.
Mayer, Nathan, Serena, Victoria, Jacob and Nat Rothschild, Rupert Murdoch, David and Simon Reuben, Frank Lowy; Andrew Feldman; Matthew Freud; Ben Silverman, Billy Joel and Ken Livingstone, most of whom are connected to the scandal in some way and were mentioned in the articles, are also Jewish.
Some say that the Rothschilds financed both sides of every major war since Napoleonic times.
Which, if true, isn't all that nice either.
If you want to pick through the "mainstream" articles in question, check out this link:
I Am An Englishman (http://www.iamanenglishman.com/page.php?page=1&iCategoryId=1128&iParentId=1097)
Mike Mazzone of Palatine
October 30th, 2008, 01:33 PM
http://www.scribd.com/doc/3821262/The-Rise-Of-The-House-Of-Rothschild-1928-Egon-Corti?from_related_doc=1
http://m.1asphost.com/ABigSecret/books/The%20Rothschilds.pdf
Kievsky
October 30th, 2008, 01:48 PM
We need a White Rothschild more than anything. Basically someone who uses his wealth towards White Emancipation. That was the Rothschild thing back in the 1820's until Lionel was elected a British MP in the 1840's.
It is absolutely true that we suffer under laws that handicap Whites; a wealthy White can do what it takes to remove these handicaps and restore the Freedom of Association, which will lead to all other good things. White Emancipation is not some novel thing, it is merely a matter of restoring the founding document of this country!
Mike Mazzone of Palatine
October 30th, 2008, 02:02 PM
We need a White Rothschild more than anything.
Would such a man be embraced by his fellow whites, or would they scrutinize every aspect of his life and focus on how he doesn't live up to their expectations. This would depend very much upon how white racialists interact with him.
Basically someone who uses his wealth towards White Emancipation.
How specifically will that wealth be allocated? What emancipation efforts get the best results? We need to plan the logistics so that the efforts are sustainable.
Currently there are many outlets where our message can be heard without spending a lot on overhead. Our message is very blunt: "Jews: The White Family's Worst Enemy".
We have lots of images of typical jewish behavior. Supplement those images with the written message to make it a mantra. We need enough of those images to spread around wherever people are exposed to different forms of TJB. Whether it be news events, historical review, discussion of advertising principles or anywhere else we can have a voice.
If we're persuasive enough, we might find our man.
Kievsky
October 30th, 2008, 02:05 PM
Would such a man be embraced by his fellow whites, or would they scrutinize every aspect of his life and focus on how he doesn't live up to their expectations. This would depend very much upon how white racialists interact with him.
The naysayers would be ignored.
Mike Mazzone of Palatine
October 30th, 2008, 02:41 PM
The naysayers would be ignored.
Excellent. Notice how podblanc has "White Now" embedded on their videos? Is it possible to switch to "Jews: The White Family's Worst Enemy" every time TJB is exposed during a podblanc vid? It would strengthen the connection of jew=enemy in the minds of our viewers. If the theme of jew=enemy is not strong enough in the mind of a potential venture capitalist, better marketed options may seize his wallet.
Such a media technique would be very cutting edge. It would be a unique selling point when soliciting funding. Our message would be more clearly stated in every piece we put out there.
Problem "Jews: The White Family's Worst Enemy"
Solution "White Now"
It's important to convincingly and effectively convey this message at all times to both the best and worst of the white stock. Once that goal is achieved, we can better solicit funding. Our target market is the white race. For funding purposes, we must convey the urgency of this message to the wealthiest whites, not necessarily the whites who best share all of our ideals. We must also convincingly inform them of the benefits and plausibility of victory.
H.E.A.
January 10th, 2009, 12:35 PM
http://www.radioislam.org/thetruth/22wallst.htm
Jack Black
January 13th, 2009, 11:23 AM
His firm has played a major role in world finance for decades.
It formed partnerships with some of the largest brokerage businesses on Wall Street, including Goldman Sachs and Merrill Lynch.
He advised the Securities and Exchange Commission how to regulate markets, served as Chairman of the Nasdaq Stock Market and headed the trading committee of Wall Street’s biggest trade group. His firm was one of the three top market makers in Nasdaq stocks and the third-largest matching buyers and sellers of securities on the New York Stock Exchange.
He was also a fixture on the Palm Beach social scene and a member of some of its most exclusive clubs.
One newspaper reported him as a “man who had cultivated an image as a straight-shooter with a personal touch” and his company's web site stated that "in an era of faceless organizations ... Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner's name is on the door… Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm's hallmark."
The web site was still saying this the day after Bernard Madoff was arrested for perpetrating the largest fraud in American history.
On 11 December 2008, The New York Times reported thus:
The first alarm bells rang at the firm on Tuesday, when Mr. Madoff told a senior executive he wanted to pay his employees their annual bonuses in December, two months early.
Just days earlier, Mr. Madoff had told another senior executive he was struggling to raise cash to cover about $7 billion in requested withdrawals from his clients… So on Wednesday, the senior executive visited Mr. Madoff’s office… and asked for an explanation. Instead, Mr. Madoff invited the two executives to his Manhattan apartment that evening. When they joined him there, he told them that his money-management business was ‘all just one big lie’… Madoff “stated that he was ‘finished,’ that he had ‘absolutely nothing…
Madoff told the executives he intended to surrender to the authorities in about a week BUT FIRST WANTED TO DISTRIBUTE APPROXIMATELY $200 MILLION TO $300 MILLION TO ‘CERTAIN SELECTED EMPLOYEES, FAMILY AND FRIENDS’.”
http://www.nytimes.com/2008/12/12/business/12scheme.html?pagewanted=2&_r=1&sq=bernard%20madoff&st=cse&scp=1
Oh yes.
He might have stolen a lot of cash off huge numbers of people but he still had enough stashed away to sort out his nearest and dearest. The NYT continued:
“According to the Securities and Exchange Commission, Mr. Madoff confessed to an F.B.I. agent that there was ‘no innocent explanation’ for his behaviour... He had lost money on his trades, he told the agent, and had ‘paid investors with money that wasn’t there’.
On 15 December 2008, The Evening Standard told us that "the key question being asked on Wall Street is how the main US financial regulators, the Securities and Exchange Commission, failed to see that a vast fraud was being carried out right under their noses".
The Standard added:
Today it emerged that the SEC had not inspected Madoff's investment advice business since it was first registered with the agency in 2006.
THERE WAS GROWING CONCERN THAT MADOFF'S IMPECCABLE POLITICAL, BUSINESS AND CHARITY CONNECTIONS MEANT IT WAS EASIER FOR HIM TO PULL THE WOOL OVER THE EYES OF THE REGULATORS.
British banks lose £1billion in Wall Street fraud | News (http://www.thisislondon.co.uk/standard/article-23601812-details/British+banks+lose+1billion+in+Wall+Street+fraud/article.do)
On 15 December 2008, Bloomberg.com told us this:
SINCE 2000, BERNARD MADOFF HAS GIVEN AT LEAST $100,000 TO THE DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE AND MORE THAN $23,000 TO THE PARTY’S CANDIDATES, INCLUDING SENATOR CHARLES SCHUMER OF NEW YORK AND SENATOR FRANK LAUTENBERG OF NEW JERSEY.
Bloomberg.com: Worldwide (http://www.bloomsberg.com/apps/news?pid=20601087&sid=a3T.FJ8oI5hI&refer=home)
Ladies and gentlemen, the man with the "impeccable political, business and charity connections", who also, quite by chance, appears to be the greatest swindler in US history, is Jewish.
As are the aforementioned Senators, Schumer and Lautenberg and, I am sure, quite a few of his impeccable connections.
On 15 December 2008, The Daily Telegraph told us that Madoff and his wife also “gave away millions to arts and education groups and JEWISH CHARITIES and served on the boards of several prominent foundations, theatres and colleges.”
I wonder if the donated millions gave him a say, regarding the curriculum and ethos of the “education groups” and “colleges”?
The Telegraph added:
You had to be invited to get an 'in' with Bernie, as friends knew him. This allure of exclusivity and reputation for impressive financial returns helped convince many investors of his financial bona fides, even though some money men raised repeated concerns about his firm's zero volatility results and lack of oversight…
Many of those who won an 'in' with Mr Madoff have now lost their life savings after trusting everything to ‘Bernie’.
Bernie Madoff: Profile of a Wall Street star - Telegraph (http://www.telegraph.co.uk/finance/3742427/Bernie-Madoff-Profile-of-a-Wall-Street-star.html)
On 15 December 2008, The Evening Standard told us this:
Two of Britain's leading banks are thought to have lost more than £1billion in the world's biggest fraud, it was revealed this afternoon.
HSBC said its exposure to the Bernard Madoff Wall Street swindle was ‘in the region of’ £688million.
Royal Bank of Scotland said its loss will be about £400million. HALF OF ANY LOSSES INCURRED BY RBS WILL FALL ON THE TAXPAYER FOLLOWING THE GOVERNMENT BAIL-OUT LAST MONTH.
Dozens of other leading City institutions, including its biggest hedge fund, Man Group, sponsor of the Booker prize, and Nicola Horlick's Bramdean Asset Management have been stung.
Spanish bank Santander, owner of ABBEY, ALLIANCE & LEICESTER AND THE SAVINGS BUSINESS OF BRADFORD & BINGLEY, said its potential exposure was more than £2billion.
The losses could not have come at a worse time for a British banking industry struggling with the credit crunch and the economic downturn...
Madoff, ONE OF WALL STREET'S MOSTS RESPECTED FUND MANAGERS, won followers all over the world because of the consistent high returns from the funds run by Madoff Investment Securities.
BUT HIS OPERATION WAS IN EFFECT A GIANT PYRAMID SCHEME WITH MONEY FROM NEW INVESTORS PAYING FOR THE PROFITS FOR ESTABLISHED BACKERS… AMONG OLDER, JEWISH INVESTORS MADOFF WAS KNOWN AS THE ‘JEWISH BOND’ BECAUSE INVESTMENTS WITH HIM PAID OUT BETWEEN EIGHT PER CENT AND 12 PER CENT EVERY YEAR.
British banks lose £1billion in Wall Street fraud | News (http://www.thisislondon.co.uk/standard/article-23601812-details/British+banks+lose+1billion+in+Wall+Street+fraud/article.do)
Well, here we see who the “established backers” were.
They would appear to have been the “older, Jewish investors”.
I wonder who the “new investors” who were propping up the “giant pyramid scheme” happened to be?
Ladies and gentlemen, I would bet Bernard Madoff’s bottom dollar that the newbies could be found amongst the Brit-based banks, HSBC, the Royal Bank of Scotland, the ABBEY, the Alliance & Leicester and Bradford & Bingley.
The pensioners of Axa Insurance would also be at risk and five Liverpool Councils, Dorset County Council and Hampshire County Council have already admitted to having liabilities of more than £12million between them.
And, ladies and gents, when I post this information in those “free speech” forums that haven’t yet banned me, do you know what the PC Crowd will do? They will not criticise the criminal whose greed, dishonesty and self-service have caused so many such fear and misery. But THEY WILL call me a whole lot of nasty names for having pointed out Bernard Madoff’s pedigree!
On 14 December 2008, the web site of the Israeli Daily, Ha’aretz, reported thus:
The arrest of Wall Street trader Bernard L. Madoff, who federal agents say defrauded investors of an estimated $50 billion, has had immediate consequences in the Jewish philanthropic world…
On Friday, Madoff resigned from Yeshiva University, where he served as the chairman of the Sy Syms School of Business and treasurer of the board of trustees… In a statement, Yeshiva University spokeswoman Hedy Shulman said that news of Madoff's arrest had ‘shocked’ university officials…
The same day, the Boston-based Robert I. Lappin Charitable Foundation, which had the bulk of its money invested with Bernard L. Madoff Investment Securities, closed its doors and terminated its seven staff members. A 16-year-old charity, the organization's stated goal had been ‘REVERSING THE TREND OF ASSIMILATION AND INTERMARRIAGE’…
‘The money needed to fund the programs of the Lappin Foundation is gone,’ the statement read. ‘It's with a heavy heart that I make this announcement,’ the organization's trustee, Robert I. Lappin, said.
‘The Foundation's programs have touched thousands of lives over many years IN OUR EFFORTS TO HELP KEEP OUR CHILDREN JEWISH’.
http://www.google.com/gwt/n?u=http://www.haaretz.com/hasen/spages/1046187.html
The Lappin Foundation described its aims thus at its own web site:
OUR MISSION IS HELPING TO KEEP OUR CHILDREN JEWISH, THUS REVERSING THE TREND OF ASSIMILATION AND INTERMARRIAGE.
We accomplish this mission by providing a variety of programs for children, teens, parents, and others, which:
Enhance Jewish pride;
Convey the beauty, joy, and fun of being Jewish and THE RICHNESS OF OUR JEWISH HERITAGE;
Develop a connection to and love of Israel;
INSTIL A FEELING OF BEING A MEMBER OF THE JEWISH FAMILY, A GREAT AND UNIQUE PEOPLE…
IMBUE OUR CHILDREN WITH THE DESIRE TO STAY JEWISH AND MARRY JEWISH…
SUPPORTING INTERFAITH FAMILIES IN RAISING CHILDREN EXCLUSIVELY WITHIN THE JEWISH FAITH.
The Lappin Foundation (http://www.rilcf.org/missionstatement.htm)
So, here we have a fabulously rich Jew contributing hugely to an organisation devoted to the preservation of Jewish racial identity.
And yet, throughout the Western world, the white man has been routinely demonised for attempting to do the self-same thing! And, guess what? It has almost always been the Jew who has been at the forefront of the howling chorus of indignation whenever that white man tried to stand up for his own. “Racist”, “fascist”, “Nazi”, “bigot”, “anti-Semite”, that’s what the Madoffs and their bought politicians and media darlings would label anyone who dared to stand out against the foreigners-are-better-than-you PC message that we have been hammered with in recent times.
Ask yourselves this, ladies and gentlemen: if we were to substitute the words "English", or "British" for the word "Jewish" in the Lappin Foundation’s statement of intent, and then tell the world that “our mission is helping to keep our children British, thus reversing the trend of assimilation and intermarriage”, what do you think this country's Jewish community would make of it?
Well, we know what they’d make of it because every race law ever introduced into this country was introduced at the behest of the Jewish Board of British Deputies!
You don’t believe me? Well, check this out:
On 17 December 1998, in a report titled: Response of the Board of Deputies of British Jews to proposals to amend the Race Relations Act, 1976, the Board of Deputies of British Jews issued the following triumphal communiqué:
THE BOARD HAS BEEN AT THE FOREFRONT OF THE DEVELOPMENT OF PROPOSALS FOR RACE RELATIONS LEGISLATION IN THE UK…
The Defence Policy and Group Relations Division, which monitors the activities of political extremists and racists, HAS URGED SUCCESSIVE GOVERNMENTS TO ENACT AND STRENGTHEN RACE RELATIONS LEGISLATION… IT HAS ALSO SOUGHT ALLIES AND MADE COMMON CAUSE WITH OTHER RELIGIOUS AND MINORITY GROUPS.
THE BOARD PLAYED A FUNDAMENTAL PART IN URGING UPON GOVERNMENT THE FIRST RACE RELATIONS ACT WHICH WAS BASED, IN PART, ON REPORTS PREPARED FOR THE BOARD BY PROFESSOR GEOFFREY BINDMAN AND LORD LESTER OF HERNE HILL. SUBSEQUENTLY THE BOARD HAS PROVIDED WRITTEN AND ORAL EVIDENCE TO ENQUIRIES WHICH PRECEDED THE PASSAGE OF THE PUBLIC ORDER ACT 1986, THE CRIMINAL JUSTICE ACT 1994 AND THE CRIME AND DISORDER ACT 1998...
There remains some scope for improvement… We draw attention to proposed 1B, which recommends that the Race Relations Act should apply to all aspects of the activities of Government and all Public Bodies. We would support the extension of the RRA to all government and public bodies. These organisations play a leading role in FORMING PUBLIC OPINION on social issues…
The Board can also see the case for NEW LEGISLATION to combat discrimination and incitement on religious grounds… We are also shortly to respond to the Government’s request that it might consider introducing specific legislation to outlaw HOLOCAUST DENIAL…
In addition to changes in the main body of national law, CHANGES ARE NEEDED IN THE RULES AND REGULATIONS OF MANY INSTITUTIONS AND ORGANISATIONS to decrease or remove discrimination on religious grounds.
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=517&iParentId=66)
So, here you see that what the Jew wants for himself (“imbue our children with the desire to stay Jewish and marry Jewish” etc.) isn’t necessarily what he wants for us.
This is what he wants for us: “Forming public opinion”, “new legislation”, “legislation to outlaw holocaust denial”, “changes in the main body of national law”, “changes…in the rules and regulations of many institutions and organisations” and “successive governments to enact and strengthen race relations legislation” etc.
You know a phrase that we are all familiar with these days is “political correctness”.
The PC Crowd are those who would always be on the side of Cool Britannia, as defined by treacherous, Brit-loathing globalists like Tony Blair and Peter Mandelson, (Mandelson's father was the editor of The Jewish Chronicle) and never on the side of the stable, proud, homogenous and secure British people as they used to be.
These are the folk who would call me all the routine bogey words if I were to say that I wanted to “keep our children British” but would NEVER criticise a Bernard Madoff for contributing to an organisation that wanted to keep Jewish children Jewish or, for that matter, for the financial horror that his fraudulent financial dealings have visited upon so many.
So, who are they?
Well, those most likely to supply the obligatory negative response to anyone who would put the indigenous Briton first in Britain would, most likely, be drawn from the following:
Most politicians and trades unionists; the civil servant jobsworth; the anarchic, loony-left, student and homosexual activist types who populate groups like the Anti-Nazi League, Unite Against Fascism and Rock Against Racism; high ranking freemasons; (30th degree and above) the opinion formers in the media and those with immigrant close up in their pedigree.
A disproportionate number of the PC folk listed in the preceding sentence would have Jewish forbears, so I suppose it’s not surprising that so many of those who first foist the notion of political correctness upon the world were, also, Jewish.
Before World War I, Marxist theory said that if Europe ever erupted in war, the working classes in every European country would rise in revolt, overthrow their governments and create a new Communist Europe.
But when, in 1914, war did break out, that didn't happen. Instead, the workers in every European country lined up to fight their country's enemies. Finally, in 1917, a Communist revolution did occur, in Russia. But attempts to spread that revolution to other countries failed because the workers did not support it.
In 1923, the Frankfurt School began to plan the destruction of western man through means other than outright war. The plan would soon become known as Cultural Marxism. Cultural Marxism is better known today as political correctness.
Almost all of leading lights of the Frankfurt School were Jewish.
Check out the essay, Who Stole Our Culture, here:
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=1127&iParentId=1097)
If Theodor Adorno, Georg Lukacs and the rest of the original Cultural Marxists were alive today they wouldn’t be condemning the capitalist mega-thief, Bernard Madoff.
Nor would they have a bad word to say about the rabid Zionists of the American Neconservative movement, who ensured that a reluctant world went to war with Iraq, or the so-called Oligarchs who robbed Russia blind during that country’s particularly bestial variation on the privatisation scam.
Oh no, ladies and gentlemen, Adorno et al would be doing their best to demonise me for daring to tell you that most of the Neocons, most of the Oligarchs and so many of the top folk who, along with Madoff, profited so obscenely from the de-regulation of the banking industry and whose avarice, ultimately, created the credit crunch, were Jewish.
Check out the Oligarchs in the essay, Boris Berezovsky here:
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=487&iParentId=64)
And the Neocons in the chronological series of essays, He Fights for Them, here:
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=104&iParentId=64)
Jack Black
January 13th, 2009, 11:24 AM
The desire to disappear the Gentile didn’t start with the imposition of political correctness.
A hugely disproportionate number of Jews were at the forefront of the creation and implementation of the various revolutions and attempted revolutions that preceded the endeavours of the Frankfurt School.
The Jew, Karl Marx, published his Communist Manifesto in 1848. (The “year of the revolutions”) His brute ideology came to fruition in the great slaughter that was the Russian Revolution and its bloody aftermath.
In 1924, the year that Lenin died, (Lenin’s grandfather was a Jew) the three most powerful men in Russia were Trotsky, Zinoviev and Kamenev, real names Bronstein, Apfelbaum and Rosenfeld. In his 1994 work, Stalin Against the Jews, Jewish writer, Arkady Vaksberg, says this:
Trotsky, Zinoviev, and Kamenev, alone formed the 'leadership nucleus', and had every reason to expect to inherit the mantle of leadership from Lenin. The man closest to the 'troika' after Sverdlov's death was Grigori Sokolnikov.
Trotsky, Zinoviev, Kamenev, Sokolnikov and Sverdlov were all Jewish.
The murder of millions of innocent Russians that took place under the Bolsheviks was not the first occasion that Hebrew ease with idea of mass slaughter was demonstrated. One only has to look in the biblical books of Joshua and Esther to see how comfortable the Jew is with genocide.
Back in the twentieth century, Sigmund Freud’s mind-bending psychoanalysis and Israel Zangwill’s melting pot ambitions had already presaged the Revolution.
Edward Bernays’ ("the father of US public relations") efforts to hypnotise the masses on behalf of the elite began around the time of the Bolshevik uprising. The doings and sayings of the likes of these were already preparing the Brave New World that the "stay Jewish and marry Jewish" Madoffs were planning for rest of us.
The following statements are taken from Bernays' 1928 work, Propaganda:
THE USE OF PROPAGANDA, CAREFULLY ADJUSTED TO THE MENTALITY OF THE MASSES, IS AN ESSENTIAL ADJUNCT OF POLITICAL LIFE.
The conscious and intelligent manipulation of organised habits and opinions of the masses must be done BY EXPERTS, THE PUBLIC RELATIONS COUNSELS; THEY ARE THE INVISIBLE RULERS WHO CONTROL THE DESTINIES OF MILLIONS… The most direct way to reach THE HERD is through the leaders… all this must be planned… INDOCTRINATION MUST BE SUBTLE. It should be worked into the everyday life of the people, 24 Hours A Day In Hundreds Of Ways…
A REDEFINITION OF ETHICS IS NECESSARY…
THE SUBJECT MATTER OF PROPAGANDA NEED NOT NECESSARILY BE TRUE.
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=1195&iParentId=1192)
20 years before Bernays published Propaganda, Israel Zangwill created a storm in America.
He was the author of the most popular play of that year's Broadway season. Zangwill called his play, The Melting Pot. The plot of the play did not contradict its title.
Zangwill, a Jew, whose parents had previously fled Russia, was the leading "English" Zionist of his time.
In his 1921 book, The Voice of Jerusalem, Zangwill wrote:
Men form one universal brotherhood… their individual lives, their nations and races, INTERBREED AND BLEND and go on to merge again at last in one common human… This conclusion was in fact the starting-point of Hebrew literature… this NEW WORLD ORDER would… reduce racial frictions to a minimum by the WORLD-POLICY OF THE OPEN DOOR… In particular, boundary questions could be denuded of their significance…
Bolshevism may be good or bad, but the United States of Russia would be in greater congruity with World-Peace than a swarm of conflicting nationalities; and if the Bolshevists can succeed in re-uniting them, they will to that extent be promoting the larger and truer ideal.
Love of the land? – No!
Love of country? – No! Love of family, neighbourhood and clan, pride in your British identity? No! No! No! The "world-policy of the open door" must be adhered to and you must "interbreed and blend"!
In his February, 1919, essay, Before The Peace Conference, Zangwill lets us know who will be running the show when the game is finally won.
And where the capital of the Order will be.
If mankind thus builds a brotherhood, the immeasurable slaughter and suffering of the war will be redeemed, and THE PROPHETIC GOSPEL OF ANCIENT JUDAEA WILL COME INTO ITS OWN AT LAST...
Judaism stands to gain also a minor traditional hope from the Peace Conference: the repossession of Palestine, and if this secondary consummation could be united with THE SETTING UP OF JERUSALEM AS THE SEAT OF THE LEAGUE OF NATIONS, instead of the bankrupt Hague, the two Hebraic dreams, the major and the minor, would be fused in one and the Hebrew metropolis, that meeting-point of three world-religions, would become at once the centre and symbol of the new era.
If "mankind builds a brotherhood" there will be no more war?
Tell that to the 55 million who died in WWII, Israel, old son. And the Koreans, the Tibetans, the Vietnamese, the poor in South America and Africa, the Palestinians and Iraqis etc.
And a world government, with Jerusalem as its capital?
Hands up who fancies that?
Actually, it doesn't really matter whether you fancy it or not. You may have noticed that what the Jew wants the Jew does tend to get.
In the Collected Speeches, articles and letters of Israel Zangwill, we are told that the philosophy of "interbreed and blend" lined up for the rest of us, will not apply to Mr Zangwill or his own tribe:
I say that without the vision of a League of Nations the whole world will perish… It is the vision of our own Isaiah... In such a world, if it emerges, WOULD IT MATTER IF WE JEWS DID HAVE A SINGLE NATIONALITY, if within all these leagued nations there was this STILL FINER CORE OF COMRADESHIP?… Instead of disavowing the brotherhood of Israel let us proclaim, from our Jerusalem centre, the brotherhood of man.
So, the Jew "interbreeds" the rest of the world into one happy-clappy, dumbed down, racially indistinct melting pot, whilst he still hovers benignly above the hodge-podge, a distinct "single nationality".
Does anyone out there think the Zangwill types will want to blend in with us khaki fellows when their self-serving visions are finally made flesh? Do you think they will be prepared to be dustbin men in this fawnly similar Utopia?
Or do you think they will still be giving the orders?
Check out the what others have said about the destruction of the white race in Interbreed and Blend here:
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=465&iParentId=452)
On 19 December 2008, Stephen Foley reported thus in The Independent:
NUMEROUS INVESTORS AND BANKS ACROSS WALL STREET REFUSED TO DEAL WITH BERNARD MADOFF FOR SEVERAL YEARS BEFORE HIS ULTIMATE ARREST ON FRAUD CHARGES, AMID WIDESPREAD RUMOURS OF SUSPECT ACTIVITY AT HIS BROKING AND FUND MANAGEMENT BUSINESS...
And in an explosive new revelation, Wall Street's chief regulator, THE SECURITIES AND EXCHANGE COMMISSION, ACTUALLY INVESTIGATED THE RUMOURS AND DISCOVERED THAT MR MADOFF HAD LIED TO ITS OFFICIALS – BUT GAVE HIM NO MORE THAN A PRIVATE RAP ON THE KNUCKLES...
INVESTIGATORS ARE HEARING NUMEROUS TALES FROM MARKET PARTICIPANTS WHO HAD LONG BELIEVED THAT MR MADOFF'S IMPRESSIVE TRACK RECORD WAS BEING FAKED. Astonishingly, many of these participants invested with Mr Madoff. According to documents sent to the SEC in 2005 by Harry Markopolos, the Boston accountant who first raised red flags about Mr Madoff in 1999 and finally got the regulator to launch an investigation more than six years later, several hedge fund managers who were funnelling money into Madoff Investment Securities said they thought the Wall Street veteran was ‘subsidising’ investment returns in down months and ‘eating the losses’ to make his results seem smoother and less risky…
The SEC... took extensive testimony from Mr Markopolos, who had told them years earlier that – most likely – Mr Madoff was running ‘the world's largest Ponzi scheme’. The conclusion was that Mr Madoff was indeed evading disclosure rules, and the SEC forced him to register formally as an investment adviser, which would open him up to regular inspections by the organisation – but IT DID NOT SUBPOENA DOCUMENTS OR DIG FURTHER.
Wall Street insiders had shunned Madoff for years - Business News, Business - The Independent (http://www.independent.co.uk/news/business/news/wall-street-insiders-had-shunned-madoff-for-years-1203850.html)
On 24 December 2008, The Evening Standard reported thus:
A fund manager who killed himself after losing $1.4billion (£950million) in the Madoff scandal invested money on behalf of Europe's wealthiest aristocratic and royal families. René-Thierry Magon de la Villehuchet was found dead in his office on New York's Madison Avenue yesterday morning…
A friend of Mr de la Villehuchet said:
‘He had been searching day and night for a way to recover the funds of his investors... It's a farewell from someone who had nothing to be ashamed of... The truth is that everybody wanted to invest with Madoff, who was considered by all as AAA or totally safe,’ he said…
The 65-year-old investor had locked the door, slashed his wrists and arms with a box cutter and bled to death…
News of the latest revelation in the Madoff saga come as the FBI has moved agents from anti-terrorism investigations in order to look into financial fraud because it poses ‘THE GREATEST THREAT’ to America.
Madoff suicide broker recruited Euro royalty | News (http://www.thisislondon.co.uk/standard/article-23607864-details/Madoff+suicide+broker+recruited+Euro+royalty/article.do)
Will they be charging Bernard Madoff with manslaughter, do you think?
I know, silly question.
This is Madoff:
http://www.yu.edu/uploadedImages/Sy_Syms/Dinner_2008/madoff_web.jpg
Check out the whole of this essay here:
I Am An Englishman (http://www.iamanenglishman.com/page.php?iCategoryId=1179&iParentId=1161)
UPDATES:
On 18 December 2008, a week after Madoff was taken into custody, District Court Judge Gabriel Gorenstein reversed a magistrate judge’s order detaining Madoff and set bail at $10,000,000. He was thus able to go home.
Gorenstein is Jewish.
On 12 January 2009, Judge Ronald Ellis sent Madoff back to his Penthouse, against the will of government prosecutors, despite the fact that he had violated his bail conditions.
Madoff was found to have posted off at least $1m in jewellery and other valuables to family and friends whilst he was on bail. He was, thus, in breach of Judge Gorenstein's earlier order freezing his assets.
Ellis, however, ignored this and said:
Aside from the bare assertion that there remains some risk of flight, the government has failed to articulate any flaw in the current conditions of release.
Ellis is black.
Curtis Stone
February 5th, 2009, 10:48 AM
Hey, we were looking for this link in the thread "Can anyone prove that Jews run Wall Street?"
Get this, Jews do the work that the WASP firms (if any) don't want to do. When Jews do bad things and generate bad feelings, blame the WASPs!
In the 1970s, "hostile turnovers," notes James Stewart, "bore an unsavory taint. They generated bad feelings, especially toward those who represented the attackers. This sometimes alienated other clients. Much of the WASP investment banks and loan firms preferred to leave such work to the other firms, many of them Jewish." [STEWART, p. 25] "Various techniques and instruments were used in the Wall Street boom of the 1980s," says Norman Cantor, "but the most consequential -- and lucrative was the floating 'junk' (low grade) bond to provide capital for involuntary takeovers of one company by another ... Fiscal critic Benjamin Stein [sees] the junk bond device as a huge fraudulent Ponzi scheme generating temporary money pools that could be looted by ruthless investment bankers and corporate executives and their overcompensated lawyers." [CANTOR, p. 402]
Joe_J.
March 22nd, 2009, 06:01 PM
When jews rule:
http://i41.tinypic.com/xlb43m.jpg
Brian Foley
April 30th, 2009, 03:14 AM
'Shylock' banned from Florida's statutes (http://blogs.orlandosentinel.com/news_politics/2009/04/shylock-banned-from-floridas-statutes.html)
TALLAHASSEE -- Citing Florida’s rich diversity, Gov. Charlie Crist signed a bill Monday removing the terms “shylock” and “shylocking” from state law, language dating back to William Shakespeare that is considered anti-Semitic.
“I think one of Florida’s greatest strengths, obviously, is our diversity, and the fact that we have such a strong sense of mutual respect for all races, all religions, all people,” Crist said.
The term comes from Shakespeare’s 16th-Century play, Merchant of Venice. The Jewish character Shylock is a loan shark who demands a pound of flesh as repayment from a debtor.
State lawmakers inserted the term, synonymous with loan shark, into Florida’s usury laws in 1969. The Anti-Defamation League urged lawmakers to repeal the language, arguing it reinforced negative stereotypes about Jews as “money hungry.”
“Shylock is dead, but Shakespeare isn’t really dead. We'll still be reading Shakespeare,” said Sen. Eleanor Sobel, D-Hollywood, who sponsored the bill. She added: “This state did the right thing by eliminating shylock from state statutes, which really is pejorative and demeaning to all Jewish people.”
LOL read the comments at the end of the article
Sean Gruber
April 30th, 2009, 09:12 AM
Citing Florida’s rich diversity,
Don't move to Florida. "Rich diversity" means dunghill.
richyrichard
May 1st, 2009, 12:02 AM
Interesting that a term that has never had any other reference than to loan sharking is vocally objected to by Jews. Gee, I wonder why they feel so......refered to. The guilty man talks first.
Shylocking has to do with loan sharking, not to Jews. Funny how the Jews just natually take it that way!
Will Florida next ban the term, "shyster lawyer"?
How about Dickens', "Scrooge", who ran a counting house as a skinflint until he was converted? Shall they ban Scrooge too? Its titled, "A Christmas Carol". A what? A who? That sounds wonderfully, I mean horribly, anti-semetic!
Will they ban lampshades as well?
Bwahahahahahahaha
Brian Foley
May 1st, 2009, 01:35 AM
Don't move to Florida. "Rich diversity" means dunghill.
I prefer the term Mudville.
Funny how the Jews just natually take it that way!
After the economic meltdown I say the Jews are a tad bit nervous:)
Will Florida next ban the term, "shyster lawyer"?
They Jews in 2001 had the Jewfish (http://www.sptimes.com/News/052401/State/Big_fish_get_a_giant_.shtml) renamed by law.
Sean Gruber
May 1st, 2009, 01:39 AM
Just in case the Sentinel tries to censor or memory-hole the Comments, here they are. (Apologies for the length of this; but some of these comments are great.)
Comments
oy.... this is sooooooo wonderful..... diversity is our strength
Posted by: shylock | April 28, 2009 at 05:45 AM
With the Ivan Boeskys, Michael Milkens, Jack Grubmans, Andrew Fastows, Gary Winnicks, Martin Frankels, Marc Richs, Pincus Finkelsteins, Sal Wachsals, Myron Fagans, Marc Driers, Yehuda Belskys, Saul Israels, Arthur Nadels, Bernard Madoffs, J. Ezra Merkin, the Edward T. Steins, how could any reasonable person conclude that Jews were money hungry?.
Posted by: Brian | April 28, 2009 at 08:20 AM
'rich diversity' huh?
How many multi-million dollar and multi-billion dollar scams do jews need to do to undo to shed the mantle of shylock?
You can outlaw the saying and talking about it and try to erase it from history, but (ya think Sobel is a jew?)but the actions of the race of people, which Brian above me cited a short list of scam artists from, their actions scream SHYLOCK, from the rooftops.
Posted by: billy | April 28, 2009 at 12:15 PM
It's not like the jews would fabricate a historical event such as the holocaust to suck every last penny out people who weren't even alive.
I wonder who made the most money from demolishing 3 skyscrapers in NYC?
Lechaim!
Posted by: Hayden | April 28, 2009 at 12:44 PM
Jews money hungry civilaztion destroying parasites? Who'd have thunk it? BTW. my wife earned her own money, it's not from my giant ponzi scheme.
Posted by: Bernie Madoff | April 28, 2009 at 12:57 PM
It's The Jews Stupid!
http://curtmaynardsnewestblog.blogspot.com/2008/09/its-jews-stupid.html
Posted by: Curt maynard | April 28, 2009 at 01:47 PM
With the Ivan Boeskys, Michael Milkens, Jack Grubmans, Andrew Fastows, Gary Winnicks, Martin Frankels, Marc Richs, Pincus Finkelsteins, Sal Wachsals, Myron Fagans, Marc Driers, Yehuda Belskys, Saul Israels, Arthur Nadels, Bernard Madoffs, J. Ezra Merkin, the Edward T. Steins, how could any reasonable person conclude that Jews were money hungry?.
You forgot all the Russian Jews that screwed the Russian people out of trillions of dollars in the 1990s:
Roman Abramovich 14.7 (Sold Sibneft Oil and owns Chelsea Football Club) - Jew
Vladimir Lisin 7.0 (metallurgy)
Viktor Vekselberg 6.1 (petroleum, color metals) - Jew
Oleg Deripaska 5.8 (Russian Aluminium)
Mikhail Fridman 5.8 (Alfa Group) – Jew
Vladimir Evtushenkov 5.1 (telecommunications, finance, real estate)
Aleksey Mordashov 5.1 (black metallurgy)
Vladimir Potanin 4.7 (Norilsk Nickel).
Mikhail Prokhorov 4.7 (color metals)
Vagit Alekperov 4.1 (petroleum (LUKoil))
Viktor Rashnikov 3.6 (black metallurgy)
German Khan 3.5 (petroleum, finances, telecom)
Boris Ivanishvili 3.0 (metellurgy, finances) – Jew?
Alexamder Abramov 2.9 (black metallurgy) – Jew
Aleksei Kuzmichev 2.7 (petroleum, finances, telecom)
Suleiman Kerimov 2.6 (investor)
Vladimir Bogdanov 2.3 (petroleum (Surgutneftegaz))
Iskander Makhmudov 2.2 (color metals)
Nickolay Tsvetkov 2.2 (petroleum, finances)
Alisher Usmanov 2.0 (black metallurgy)
Mikhail Khodorkovsky 2.0 (Yukos oil)
Let's not forget
Vladimir Gusinsky 0.35 ( MediaMost)
Anatoly Chubais (Unified Energy System)
Yuri Luzhkov (Mayor of Moscow)
and Boris Berezovsky
Jews All
Posted by: Curt maynard | April 28, 2009 at 01:52 PM
Looks like this century will mark the conclusion of the 2000 year war between Israel and Rome, a war that Rome has only just become aware of.
Posted by: All Central Banks | April 28, 2009 at 02:09 PM
So the Shylock is calling the Jew a loanshark??
TJB!
Posted by: Ed in CT | April 28, 2009 at 06:24 PM
The Jews are the money hungery, theiving, retched scum they have always been and will remain this way until we cleanse the earth of there ways. www.thisismystruggle.com
Posted by: Skylockness | April 28, 2009 at 06:32 PM
Back in Henry Ford's day Jews were busy trying to get performances of Shakespeare's The Merchant of Venice banned from one end of the country to the other. Hollywood made a movie a few years ago starring Al Pacino as a sympathetic Shylock. I'm designing one of those looped "Bring Our Boys Home"/Breast Cancer" ribbons only this one looks like a little strip of twisted bacon. It going on my lapel to let people know I've got Jew fatigue.
Posted by: whodareswings | April 28, 2009 at 10:57 PM
So, the new term will be Madoffing.
Posted by: Pat Stetson | April 29, 2009 at 08:29 AM
What about anti-African words, like "niggardly", "the black plague", "pickaninny", and "moulignon"?
When they gone be erase from the language? Why jews get paid for the holocost and black people aint seen a dime for 400 years of slavery and oppression?
Posted by: Derjeron Nettles | April 29, 2009 at 11:26 AM
Dang Dejeronese! dat's right' WTF? and whys be calling are women's sheboons ands are mammy's as welfare recipients and chits. we needs to unifies for preperation checks, da days of da kikesters takins our pies is regergutating
Posted by: jackumup | April 29, 2009 at 12:42 PM
The worlds largest scam, the holyhoax(tm), makes the fitting term 'shylock' pale in comparison.........the blessing of jewi$h diversity, we are SO lucky..........S
Posted by: Shylock Hater | April 29, 2009 at 12:54 PM
Did someone say "Ponzi" scheme?
Doesn't that reinforce the stereotype that Italians are criminals?
I hope the term "Ponzi" is nowhere found in Florida statutes!
Posted by: Dave | April 29, 2009 at 05:56 PM
www.onethirdoftheholocaust.com
Posted by: John McGrath | April 29, 2009 at 08:17 PM
Why of course te term Shylock must be banned.Its just another little signal that might wake up some goody-goody,so-called Judeo-Christian,neoconservative flag waver,or politicaly correct liberal fool into waking up as to who runs the Western World and has been manipulating/robbing us and pushing for wars and always blaming others when there exposed. for decades! Lets all start wearing that bacon ribbon! P.S Obviosly Governor Christ is now hoping AIPAC,and the neo-conservative/fundementilist wackos in the dying GOP will give him a shot at the Presidency now.VE GOTTA DEAL FOR YOU!Oy-Vy!
Posted by: Europa Proud | April 29, 2009 at 09:37 PM
Taking offence at the comments or actions of others is just one way of attaining ascendancy over them. The claims are often as pernicious as the supposed offence, and serve to keep the pot boiling.
Of course, it relies on those who are accused being sufficiently sensitive to such accusations (however groundless they might be) but in a liberal society there will always be some fool ready to acknowledge the 'guilt' on behalf of the rest of us and, in consequence, maintain divisions. Someone will always be offended. Society should not feel obliged to jump at every accusation. Sometimes we need to tell the accuser that it is they who are bigoted and that to be a part of society they need to learn toleration.
Let me finish with this: I have known many Jewish people over the years and few if any of them would have thought to associate themselves with this absurd action. I take hope in knowing that it is only a small minority of bigoted zealots whose obsessive, inward looking actions smear the rest of their race.
Posted by: James | April 30, 2009 at 06:20 AM
How sad it is that the consequence of "diversity" and "tolerence" is censorship. Sure, it might mean little with one word in some obscure law, but the general principle is undenable and everywhere to be seen. Indeed, the UN admits it, and now, the US follows. Liberty is dead.
Posted by: Mike | April 30, 2009 at 07:41 AM
Why was the term "Shylock" in the law in the first place? Why did Shakespeare write the character?
Just senseless ignorance? Or perhaps they knew something?
Nah. Intellectual giants like Charlie Crist are smarter than Shakespeare. Generations of lawmakers were just fools compared to Crist's brilliance! Or so Jews like Eleanor Sobel would have us believe.
Posted by: Hyman Finkelstein | April 30, 2009 at 10:07 AM [This comment is particularly brilliant.]
Charlie Crist is a homosexual. Most Republicans who voted for him didn't know that. They didn't know it because the jew-controlled media hid that fact form the public. Therefore, is it any surprise to learn that Crist is pandering to the jews? We can be sure everything Crist does is overseen and directed by jews hidden behind the scenes. Just as all politicians are controlled today by the same jews. Remember, the jews control the media - thus they control public opinion - thus they control what people think about politicians and the issues - thus they control how people will vote. The jews have it all sewed up.
Posted by: Jim Younger | April 30, 2009 at 10:54 AM
KMRATHELL
May 30th, 2009, 11:15 PM
"The JEWISH nation is the only nation that possesses the secrets of all the rest...there is no government in the world so completely at their service as America. "The British did this", the Germans did that", when it was the International Jew who did it..."the Americans are (now known as) a sordid, greedy, cruel people." Why? Because JEWISH money-power is centered here.
The genius of the Jew is to live off people, not off land, nor off the production of commodities from raw materials, but off people. Let other people till the soil; the Jew if he can will live off the tiller. Let other people toil at trades and manufacture; the Jew will exploit the fruits of their work. That is his particular genius. If this genius be described as parasitic, the term would seem to be justified by a certain fitness."
HENRY FORD SR.
"The International Jew"
albion
June 30th, 2009, 09:17 PM
YouTube - Criminal Rothschilds
From the days of Spartacus-Weishaupt to those of Karl Marx, and down to Trotsky (Russia), Bela Kun (Hungary), Rosa Luxembourg (Germany), and Emma Goldman (United States), this world-wide conspiracy for the overthrow of civilisation and for the reconstitution of society on the basis of arrested development, of envious malevolence, and impossible equality, has been steadily growing. It played, as a modern writer, Mrs. Webster, has so ably shown, a definitely recognisable part in the tragedy of the French Revolution. It has been the mainspring of every subversive movement during the Nineteenth Century; and now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their heads and have become practically the undisputed masters of that enormous empire.
Winston Churchill, "Zionism versus Bolshevism", Illustrated Sunday Herald (London), Feb 8, 1920, pg. 5
Alex Linder
July 7th, 2009, 11:37 AM
Some of World's top Crooks
Bernie Nadoff – An American Jew at the Wall Street, who skimmed US$65 billion of retiree funds, banks and charities – which he transferred into Israeli banks before declaring bankruptcy. He is sentenced to 150 in prison, recently.
Rabbi Eli Black – An American Jew businessman who controlled the United Brands Company. When cops closed on him – he jumped from a 44-storey building. He was allegedly shipped to Israel in a ‘closed casket’ alive.
Conrad Black – Owner of Canadian brewing empire – and later became the owner of 400 newspapers including the Jerusalem Post. He was caught embezzling millions of dollar and is enjoying his life in a country club prison.
Tom Billman – Charged with embezzling US$380 million, which he transferred to Israeli banks. He was caught in Paris while escaping US authorities. He was jailed but has been released secretly under Israel Lobby pressure.
Marc David Reich – A Belgium-born Jew, he was indicted for making millions of dollars through secret oil deal s with Islamic Iran. During his last days in the White House, Bill Clinton pardoned him for his contributions toward Hilary’s election.
Bernie Cornfeld – A Turkish Jew, who looted US$2.5 billion - and spent only 11 months in a Geneva jail for that crime. He is known for sexual appetite for Gentile Christian beauties.
Rev. Barry Minkow – Born into a Jewish family, he spent seven years in a county jail for embezzling US$200. After his release Barry left Judaism for Evangelism and now is Zionist Christian priest.
Ivan Boesky – A Jew who made a fortune of US$200 million by betting on corporate takeover by the Jewish groups. The case against him was dropped for too Jews from The Wall Street being involved.
Martin Flankel – He looted several insurance companies of US$3 billion, which he transferred to Israel. Currently he is enjoying his life in a country club prison.
Michael Milken – Born into an American Jewish family – he was sentenced for four years on 98 counts of racketeering and security fraud worth US$2.2 billion. However, he was released after two years.
Dennis Kozlowski – A Jew who was famous for throwing grand parties in Sardinia with “Male Model” entertaining the guests. He was convicted for looting US$560 million from Tyco.
http://vnnforum.com/showthread.php?p=1023550#post1023550
OTPTT
July 7th, 2009, 02:28 PM
Bernie Nadoff
Is the proper spelling of his name? I see also a 'Bernie Nadoff' in a couple of different online financial posts. Wasn't sure if this is the same guy aka 'Bernie Madoff.'
Alex Linder
August 4th, 2009, 08:24 AM
JERUSALEM — An American-Israeli crime ring conspired to defraud United States tax authorities of tens of millions of dollars for at least five years, according to Israeli and American court documents filed Monday.
The suspects filed thousands of fraudulent requests for tax refunds in the names of prisoners in federal penitentiaries, without the prisoners’ knowledge, according to an indictment filed in Chicago. They then laundered the money through Israeli bank accounts, the authorities said.
Two Americans and seven Israelis went to a Tel Aviv court for a hearing on Monday in connection with the case. Other Americans have been arrested in Chicago and other parts of the United States.
The man accused of leading the ring, Marvin Berkowitz, 62, fled the United States for Israel in 2003, according to the Israeli authorities, and has been living in Jerusalem.
The American indictment states that the suspects sought to get more than $35 million in federal and state income tax refunds. Israeli investigators say they have found $12 million worth of tax refunds in Israeli bank accounts controlled by Mr. Berkowitz and his accomplices.
Mr. Berkowitz is suspected of arranging at least $800,000 in tax refunds to be paid to, or for the benefit of, eight or more members of his family, including two sons who have been arrested in the United States.
Federal officials said the men had sought tax refunds using the identities of about 3,300 federal prisoners. Mr. Berkowitz, who was charged with six counts of identity theft, is suspected of recruiting and paying others to travel to federal courthouses to collect personal information about federal inmates, including Social Security numbers.
The Israeli case resulted from an undercover investigation that had lasted for months by the Israeli national fraud unit working with American authorities, the Israeli police said Monday.
Last month, 11 Israelis were arrested and accused of swindling millions of dollars by calling elderly Americans from an office in Tel Aviv and telling them they had won the lottery and had to pay a preliminary tax.
http://www.vanguardnewsnetwork.com/?p=5460
Alex Linder
August 4th, 2009, 11:51 AM
Dina Wein Reis
http://vnnforum.com/showthread.php?t=98638
Itz_molecular
August 4th, 2009, 12:56 PM
Keep in mind, these are only ones who have been exposed.
Alex Linder
August 26th, 2009, 09:51 AM
Ehud Tenenbaum, "The Analyzer"
‘The Analyzer’ Pleads Guilty in $10 Million Bank-Hacking Case
August 25, 2009 |
Ehud Tenenbaum, aka “The Analyzer,” quietly pleaded guilty in New York last week to a single count of bank-card fraud for his role in a sophisticated computer-hacking scheme that federal officials say scored $10 million from U.S. banks.
The Israeli hacker was arrested in Canada last year for allegedly stealing about $1.5 million from Canadian banks. But before Canadian authorities could prosecute him, U.S. officials filed an extradition request to bring him to the States.
Prosecutors alleged in an extradition affidavit that Tenenbaum hacked into two U.S. banks, a credit- and debit-card distribution company and a payment processor, in what they called a global “cash-out” conspiracy. But he was only charged with one count of conspiracy to commit access-device fraud and one count of access-device fraud.
Tenenbaum is set to be sentenced Nov. 19, and he faces a maximum of 15 years in prison. Prosecutors declined to comment on the case or describe the details of his plea agreement. The second count in the indictment, charging conspiracy, appears to have been dropped.
The Analyzer’s mother, Malka Tenenbaum, told Threat Level from Israel that she had no idea her son had pleaded guilty. “I don’t know what to think,” she said. “I hope that all is OK.”
The hacker’s attorneys did not respond to a call for comment.
Authorities have previously said the scheme Tenenbaum allegedly masterminded resulted in at least $10 million in losses, according to court records obtained by Threat Level, and were just part of a larger international conspiracy to hack financial institutions in the United States and abroad.
The guilty plea brings to a close a long chapter in hacker history.
Tenenbaum, 29, made headlines a decade ago under his hacker handle “The Analyzer,” when he was arrested in 1998 at the age of 19, along with several other Israelis and two California teens in one of the first high-profile hacker cases that made international news.
The teens were accused of penetrating Pentagon computers and other networks. Israel’s then-prime minister Benjamin Netanyahu had called Tenenbaum “damn good” after learning of his deeds, but also “very dangerous, too.”
Israeli law enforcement opted to prosecute Tenenbaum instead of extraditing him to the United States to face charges. He was eventually sentenced in 2001 to six months of community service in Israel. By then, he was working as a computer-security consultant.
Malka Tenenbaum told Threat Level in a previous conversation that she believed the United States was harboring a decade-old grudge against her son, and was pursuing him now because authorities here weren’t able to prosecute him previously.
Tenenbaum had been living in France recently, and had only been in Canada about five months on a six-month visitor’s permit when police in Calgary arrested him last August. He and three alleged accomplices were charged with hacking into Direct Cash Management, a Calgary company that distributes prepaid debit and credit cards. A Canadian court set bail at CN$30,000 ($27,600), but before he could be released from jail, U.S. authorities swooped in with a provisional warrant to retain him in custody while they pursued an indictment and extradition.
“I think he’s probably been getting away with stuff for 10 years,” Darren Hafner, an acting detective with the Calgary police, said at the time. “We haven’t seen or heard from him since the Pentagon attack. But these guys tend to get this ‘cops can’t touch me attitude’ and then they get sloppy like any criminal in any type of crime.”
Documents in the U.S. case were sealed, but Threat Level obtained an affidavit filed with the Canadian court detailing the U.S. allegations.
According to the affidavit, in October 2007, the U.S. Secret Service began investigating “an international conspiracy” to hack into computer networks of U.S. financial institutions and other businesses. As part of that investigation, agents examined network intrusions that occurred in January and February 2008 at OmniAmerican Credit Union, based in Fort Worth, Texas, and Global Cash Card of Irvine, California, a distributor of prepaid debit cards used primarily for payroll payments.
In both cases, the attacker gained access using a SQL injection attack that exploited a vulnerability in the company’s database software. The attacker grabbed credit- and debit-card numbers that were then used by thieves in several countries to withdraw more than $1 million from ATMs.
In April and May 2008, agents investigated two additional hacks at 1st Source Bank in Indiana, and at Symmetrex, a prepaid-debit-card processor based in Florida. The intruder again used a SQL injection attack, and losses added up to more than $3 million.
Investigators traced the intrusions to several servers belonging to HopOne Internet in McLean, Virginia, which turned out to be just a routing point for an attack that originated from servers at the Dutch web hosting company LeaseWeb — one of the largest hosting companies in Europe.
U.S. officials asked Dutch law-enforcement agents On April 7, 2008, to track “all computer traffic pertaining to three servers hosted by LeaseWeb” and intercept “the content of that traffic” for 30 days, according to the affidavit. The interception request was renewed for another 30 days on May 9.
Among the wiretapped traffic, authorities found communications that allegedly occurred between Tenenbaum — using the e-mail address Analyzer22@hotmail.com — and other known hackers discussing the breaches into the four U.S. institutions, “as well as many other U.S. and foreign financial institutions.”
In one instant message chat in April 2008, Tenenbaum allegedly discussed trying to hack into Global Cash Card. after system administrators at the company apparently locked him out from an initial intrusion.
“Yesterday I rechecked [Global Cash Card]. They are still blocking everything,” he allegedly wrote. “So we can’t hack them again.”
Authorities say Tenenbaum on April 18, 2008, gave a co-conspirator the compromised debit- and credit-card account numbers of more than 150 accounts taken from Symmetrex as well as the computer commands he’d used to execute the attack. Then, throughout the night of April 20, he received updates from accomplices in Russia and Turkey as they successfully withdrew cash from ATMs, and from Pakistan and Italy where the cards apparently failed to work.
The next day, more cards were used in Bulgaria, Canada, Germany, Sweden and the United States. By late afternoon that day, Tenenbaum told an accomplice he’d racked up about “350 - 400″ in earnings. The affidavit notes that this likely referred to thousands of dollars or thousands of euros.
Tenenbaum allegedly gave an accomplice additional cards in an April 20 chat and asked the accomplice to find a “casher” — the underground’s term for the low-level worker whose only job is to withdraw the loot.
“I am making a small operation, you have casher?” he allegedly wrote. “I been trying to get a hold of you. I saved for you 25 cards, each one $1,500 limit. Get casher as soon as possible. OK, I will load them.”
According to authorities, after Tenenbaum got into the 1st Source Bank network, he obtained administrator privileges that allowed him to view credit card numbers and ATM output. This latter activity apparently collided with other hackers who were in the system trying to execute shell commands.
“Is HUGE,” he allegedly wrote an accomplice. “I saw ATM outputs, tons of cards. I am admin there, and I already cracked some of the domain.”
His accomplice replied that there were already people inside the network and asked Tenenbaum to get out. Tenenbaum replied, “Dude, like I told ya. It’s [Microsoft] Windows network. I am happy I could help you to get shell there. Now it’s your guys’ job.”
About a month later, Tenenbaum allegedly disclosed that he’d hacked Alpha Bank in Greece, the country’s second largest commercial bank, where he said friends of his worked.
Despite Tenenbaum’s earlier notoriety as The Analyzer, he apparently made no attempt to hide his real identity, using an e-mail address with a name that was previously tied to him, as well as an IP address that was easily connected to him.
“He’s a really intelligent guy, but I think he’s just got this cocky attitude that ‘no one can get me,’” Hafner told Threat Level. As a result, he says, Tenenbaum made a lot of telling missteps.
According to the affidavit, the subscriber information for the Hotmail account that was used to discuss the hacks was registered under Tenenbaum’s real name and birth date. Hafner also told Threat Level that Tenenbaum was caught on an ATM surveillance camera withdrawing funds from one of the compromised Canadian accounts.
Tenenbaum was director of a computer security company called Internet Labs Secure that he ran out of Montreal. U.S. authorities found that someone using an IP address registered to his company accessed the Hotmail account, and also used it to access the Global Cash Card network to check the balances of compromised cards and attempt to increase the limits on the accounts. Someone used a second IP address associated with Tenenbaum to access Global Cash Card and “download a file containing all of that compromised computer’s data,” according to the affidavit.
A spokesman for Symmetrex (which was owned at the time of the hack by Britain-based Altair Financial Services) had no knowledge of the breach when Threat Level contacted the company last March. But he said Symmetrex processes about 500,000 debit transactions a month for prepaid payroll and gift cards, and claimed the company was compliant with the PCI security standards that financial institutions say protect them from such intrusions.
Symmetrex was the third card-processing company known to have been hacked within the course of a year. RBS Worldpay, a U.S. payment-processing division owned by the Royal Bank of Scotland, announced last December that it had been hacked in November, and that information on 1.5 million cardholders was compromised. Heartland Payment Systems announced earlier this year that it also had been hacked sometime last year.
The affidavit detailing the charges against Tenenbaum says investigators have attributed $10 million in losses to the hacking spree, though it attributes only $1 million in losses to the OmniAmerican and Global Cash Card hacks, and $3 million to the 1st Source Bank and Symmetrex hacks.
It’s not clear where the remaining $6 million in alleged losses come from, and the U.S. Attorney’s office in the Eastern District of New York, where Tenenbaum was charged, was unable to account for the discrepancy in the totals.
http://www.wired.com/threatlevel/2009/08/analyzer/
Mike Parker
August 29th, 2009, 06:33 AM
Conrad Black – Owner of Canadian brewing empire – and later became the owner of 400 newspapers including the Jerusalem Post. He was caught embezzling millions of dollar and is enjoying his life in a country club prison.
Shabbos goy swindler (http://www.fpp.co.uk/online/04/01/Conrad_Black_6.html) married to exceptionally vile neocon Jewess (http://www.fpp.co.uk/bookchapters/JG/Amiel120792.html).
Ivan Boesky – A Jew who made a fortune of US$200 million by betting on corporate takeover by the Jewish groups. The case against him was dropped for too Jews from The Wall Street being involved.
Although insider trading of this kind was illegal, laws prohibiting it were rarely enforced until Boesky was prosecuted.[5] Boesky cooperated with the SEC and informed, including the case against financier Michael Milken. As a result of a plea bargain Boesky received a prison sentence of 3.5 years and was fined US$100 million. Although he was released after two years, he was barred from working in the securities business for the remainder of his life.[6] He served his prison sentence at Lompoc Federal Prison Camp near Vandenberg Air Force Base in California.
http://en.wikipedia.org/wiki/Boesky
Dennis Kozlowski – A Jew who was famous for throwing grand parties in Sardinia with “Male Model” entertaining the guests. He was convicted for looting US$560 million from Tyco.
I don’t know about that. This (http://www.businessweek.com/magazine/content/02_51/b3813001.htm) suggests to me a working class Polish Catholic kid made good, turned greedy and got mixed up with the wrong Jewish CFO, like Enron’s Lay and Skilling with Fastow.
Alex Linder
November 3rd, 2009, 01:48 PM
jew Scott Rothstein, ponzi schemer
http://vnnforum.com/showthread.php?p=1067828#post1067828
Mike Parker
June 19th, 2010, 07:21 AM
Bruce Karatz found guilty on stock option backdating charges
The former head of KB Home is convicted of mail fraud and making false statements. Jurors acquit him of 16 other charges.
April 22, 2010|By Stuart Pfeifer and Nathan Olivarez-Giles, Los Angeles Times
Bruce Karatz, who helped turn Westwood-based KB Home into one of the nation's most successful home builders during two decades as its chief executive, was convicted Wednesday on four felony charges related to the manipulation of executive stock options.
A federal jury in Los Angeles convicted Karatz of two counts of mail fraud, making false statements in a regulatory filing and lying to the company's accountants. The panel acquitted him of 16 other charges.
The jury rejected the government's claim that Karatz intentionally defrauded shareholders by backdating stock option grants from 1999 to 2005 to make them more valuable. But they found him guilty of lying about the backdating to KB accountants and in a 2006 quarterly report.
"It was sort of like Nixon with Watergate. There was no evidence that he planned it, but he certainly covered it up," said juror Ron Dick, a 72-year-old retired aerospace worker who lives in Harbor City.
Karatz, 64, is one of the most prominent corporate executives to be charged criminally in the government's long-running crackdown on options backdating. His character witnesses during the month-long trial included former Los Angeles Mayor Richard J. Riordan and billionaire philanthropist Eli Broad.
As a courtroom clerk announced the jury's decision, Karatz sat stone-faced between two of his lawyers, and then left the courthouse without comment.
"This is personally a challenging time," he said in a statement later. "What I continue to value from my time as the CEO of KB Home is the fact that we successfully built a strong company, created more than 5,000 good-paying jobs and executed upon a business strategy that created very, very significant shareholder value."
Defense attorney John Keker said Karatz intended to appeal the convictions. "The jury got 80% of it right," the lawyer said. "We're very disappointed about the other four charges. We'll continue to fight those counts because he was innocent."
The four charges carry a maximum possible sentence of 80 years in federal prison, a U.S. attorney spokesman said. Legal experts said Karatz probably would face a sentence of anywhere from probation to 10 years in prison. Sentencing is scheduled for Sept. 8.
U.S. District Judge Otis D. Wright II said Karatz could remain free on $2-million bond, secured by his Bel-Air home, until sentencing.
During the trial, prosecutors sought to portray Karatz as a greedy, scheming executive who deceived shareholders and federal regulators while inflating the value of his stock options from 1999 to 2005. The scheme enabled him to make more than $6 million in "secret pay," Assistant U.S. Atty. Alexander A. Bustamante said in his opening statement.
Stock options allow employees to buy a certain amount of stock at a set price, typically the date on which they are granted. Companies can boost the value of these options by backdating them to dates when the stock price was lower than the actual grant date.
"This is a victory for the Justice Department, not so much in the backdating issue, in which they weren't successful, but more in emphasizing the need for corporate truthfulness," said Peter Henning, who teaches securities law at Wayne State University Law School in Detroit. "I think he's going to go to jail. This case may be more about executive hubris than anything else."
The Karatz trial came only a few months after federal prosecutors suffered a significant setback in the options backdating prosecution of Broadcom Corp. co-founders Henry Samueli and Henry T. Nicholas III. A federal judge in Santa Ana dismissed charges against both men and against two other company executives, saying prosecutors and unfairly influenced witnesses, making it impossible for the defendants to receive a fair trial.
Even without the backdated options, Karatz was one of the nation's highest paid executives, making more than $230 million in compensation during his last three years at the company. Revenue soared under his watch, reaching a record $11 billion in 2006.
His success enabled Karatz to become a major philanthropist, contributing to efforts to rebuild Los Angeles after the 1992 riots and New Orleans after Hurricane Katrina.
In 2006, facing increased scrutiny of stock option grants by the Securities and Exchange Commission and the Justice Department, KB Home hired an outside law firm to investigate its options policies. After that investigation, Karatz retired under fire from KB Home and the company agreed to restate earnings, accounting for $36 million in undisclosed options-related compensation.
Karatz later settled a lawsuit with the SEC by agreeing to pay more than $7 million in fines and restitution to KB Home. A federal grand jury indicted Karatz on the 20 felony charges in March 2009.
Backdating options is not illegal, so long as companies account for it in public filings. Prosecutors alleged that Karatz secretly backdated options for himself and other employees, sharing his plan with only one other employee, Gary Ray, KB's former vice president of human resources.
Ray, who pleaded guilty to conspiracy to obstruct justice and agreed to testify against Karatz, said his former boss told him to backdate options and to keep the practice secret from others, including the company's compensation committee. Ray said he thought there was something improper about what he was doing, but he went along regardless.
But during cross-examination, Ray said he initially told FBI agents that he didn't think there was anything wrong with way the company timed its stock options. Asked about the discrepancy by Karatz's lawyer, Ray explained, "I lied."
During his closing argument, defense attorney Keker told the jury of nine men and three women that the prosecution's case hinged on Ray's testimony, which he said lacked credibility because of Ray's admitted lies. He said Ray changed his story to please prosecutors and to get them to give him a plea bargain.
"Ray is not worthy of your trust. He's not worthy of your belief. He's simply lied too much," Keker said.
He also argued that Karatz never intended to defraud shareholders and was acting with the knowledge of company accountants and lawyers when he set option grant dates.
Dick, the juror, said he hoped that the judge would give Karatz probation and a big fine, but not jail time. "If he had just said, ‘I did it, I didn't realize it was wrong' … there never would have been a trial," he said.
Of the backdating counts Karatz was acquitted on, Dick said most jurors believed the actions were "sleazy and unethical, but we couldn't find the evidence" to convict.
stuart.pfeifer@latimes.com
nathan.olivarezgiles@latimes.com
http://articles.latimes.com/2010/apr/22/business/la-fi-karatz-20100422
Karatz was born in Chicago, Il and raised in Minneapolis, Minnesota to a middle class Jewish family where his father owned a movie theater and his mother was a homemaker.
http://en.wikipedia.org/wiki/Bruce_Karatz
Serbian
August 10th, 2011, 05:42 AM
http://www.youtube.com/watch?v=49Z468af9M4
Hell Raising Woman
August 15th, 2011, 01:30 PM
3.10 ---
Jew says: "You don't know who I am." Said as if this jew is so damn important.
Since when is jewish scum so damn important? Only on MSM.
Mike Parker
December 2nd, 2011, 09:02 AM
The Stavisky Affair – Sasha the Sauve Scammer
Posted on October 8, 2011
http://searchinghistoricalhorizons.files.wordpress.com/2011/10/stavisky.jpg?w=640
by Kathy Warnes
The Staviksy Affair included a murdered judge, a beautiful ex model wife and two innocent children, and the embezzler who committed suicide under suspicious circumstances. The scandal forced French Premier camille Chautamps to resign.
Serge Alexandre Stavisky or “handsome Sasha,” was born in 1888 in Kiev, Ukraine, to Russian Jewish parents. After serving jail time and being involved in several illegal money making activities, Sasha settled in Paris shortly before World War I. In the 1920s, he ran a medical clinic where he promised women an accurate diagnosis of pregnancy, using a bogus examining device that he called a “matrascope.”
http://searchinghistoricalhorizons.wordpress.com/2011/10/08/the-stavisky-affair-sasha-the-sauve-scammer/
SlagMaster
December 3rd, 2011, 03:10 AM
Jews always form a Nation within a Nation, its a parasitic infection which
sucks the life from any host which does not have the guts to perform
the self needed surgery.
Walter E. Kurtz
February 8th, 2012, 09:36 PM
Trust jews much?
http://www2.hometownannapolis.com/photos/2011/07/110727landau.jpg
History expert pleads guilty to stealing documents
By SARAH BRUMFIELD, Associated Press
Published 02/08/12
BALTIMORE (AP) — A memorabilia collector and self-styled expert on presidential history pleaded guilty Tuesday to conspiring to steal thousands of documents signed by leaders throughout U.S. history.
Barry Landau, whose knowledge of the White House earned him appearances on network morning shows, admitted in the plea to taking documents from the Maryland Historical Society and conspiring with his assistant to steal documents from several institutions with the intention of selling them.
Thousands of documents were seized by authorities over the summer from the 63-year-old Landau's artifact-lined Manhattan apartment. Prosecutors say he schemed for years, if not decades, to steal valuable documents.
The assistant pleaded guilty in October to the same charges: theft of major artwork and conspiracy to commit theft of major artwork.
Landau and Jason Savedoff, 24, were arrested in July in Baltimore after a Maryland Historical Society employee saw Savedoff stash a document into a portfolio and walk out of the library, authorities said in court documents. The employee said he'd been watching the pair for hours because they seemed to be acting suspiciously.
They had 79 documents hidden in a computer bag when they were arrested, according to Landau's plea. About 60 belonged to the Maryland society, including a land grant signed by President Abraham Lincoln worth $300,000 and presidential inaugural ball invitations and programs worth $500,000.
According to Landau's plea agreement, he stole historical documents from museums in Maryland, Pennsylvania, New York, and Connecticut, and sold some for profit.
To conceal thefts, Landau and Savedoff often took the card catalogue entries and other "finding aids," making it difficult for museums to discover that an item was missing.
In his plea, Landau disputes that Savedoff was acting at the older man's direction when he committed the crimes.
In the weeks after Landau's arrest, the FBI seized 10,000 documents and objects of cultural heritage from his Manhattan apartment. So far, National Archives and Records Administration investigators had traced more than 4,000 to libraries and other repositories, according to court documents. Those documents were signed by historical figures ranging from George Washington to German philosopher Karl Marx, according to Landau's plea.
The pair compiled lists of historical figures, often noting the market value of documents signed by them, and Savedoff identified collections with valuable documents that they could target, according to the plea.
The case was wake-up call for archives and historical institutions to strengthen their security. It prompted many to review their logs for visits by the pair and check collections to see if anything was missing.
Landau portrayed himself as an expert on presidential history and etiquette, and he was quoted in articles and interviewed on television programs.
A 2007 Associated Press article, written when Landau's book, "The President's Table: Two Hundred Years of Dining and Diplomacy" was published, includes his tale of how his fascination with the presidency began. Landau said at age 10 he parlayed a meeting with President Dwight Eisenhower during an appearance in New York into an invitation to the White House.
David S. Ferriero, archivist of the United States, said in a statement Tuesday evening that, "I am outraged that Mr. Landau who fashioned himself as a Presidential historian violated the public trust at many of our nation's greatest historical repositories."
Another story here:
http://baltimorejewishlife.com/news/news-detail.php?SECTION_ID=2&ARTICLE_ID=7545
littlefieldjohn
March 17th, 2012, 09:51 AM
Lord James of Blackheath: 15 Trillion Dollar Fraud Exposed in UK Parliment - YouTube
Mike Parker
April 11th, 2012, 08:02 AM
Rev. Barry Minkow – Born into a Jewish family, he spent seven years in a county jail for embezzling US$200. After his release Barry left Judaism for Evangelism and now is Zionist Christian priest.
Barry Minkow: All-American con man
January 5, 2012
His many lives: entrepreneur, fraud fighter, pastor, movie actor - and serial swindler.
By Roger Parloff, senior editor
http://fortunefeatures.files.wordpress.com/2012/01/barry_lisa_minkow.jpg
Minkow met his wife, Lisa, in 2001, the year he founded the Fraud Discovery Institute. Unable to have kids because of his steroid abuse, they adopted twin boys in 2004.
FORTUNE -- In 2009 a writer named Jon Meyers was hired to furnish a screenplay for what soon became the strangest movie project of his life. The film was to star a number of well-known actors -- James Caan, Talia Shire, Mark Hamill, Ving Rhames -- and it would chronicle the life of Barry Minkow.
Minkow (rhymes with Kinko) was the boy-wonder business phenom of the 1980s. In 1982, at age 16, he started ZZZZ Best, a carpet-cleaning company, from his parents' garage in Reseda, Calif., in the San Fernando Valley. The business expanded rapidly and went public in 1986, making Minkow, at age 20, worth more than $100 million on paper. But it was a giant Ponzi scheme and collapsed in May 1987. Minkow was convicted of 57 federal felonies, sentenced to 25 years, and ordered to pay $26 million in restitution.
Though raised as a Jew, Minkow then became an evangelical Christian. In prison he also began giving seminars and shooting videos designed to help detectives and accountants catch fraudsters of the type he had been. Paroled in 1995, he became the pastor of a San Diego church, where membership would more than quintuple under his charismatic leadership. In 2001 he founded the Fraud Discovery Institute (FDI), which assisted the Federal Bureau of Investigation, the Securities and Exchange Commission, and others in shutting down at least 20 serious Ponzi schemes, including one that had swept up $500 million in investor money, and another whose ringleader was sentenced to 30 years.
Asked to write a script based on this material, screenwriter Meyers jumped at the chance. But he soon encountered dismaying surprises. To begin with, Minkow was insisting on playing himself. Though Minkow still had the bodybuilder's physique he had acquired through weightlifting and steroid abuse as a teenager, he had never been blessed with a screen idol's good looks. And how could he, then 43, play himself in his early twenties? Furthermore, wouldn't it be thematically undermining for someone to star in a movie about his own redemption from narcissistic criminal to humble servant of Jesus?
Then things got stranger. Rather than receiving paychecks from a production company, Meyers and others working on the film got paid in irregular dribs and drabs over PayPal, with sums that came from Minkow, Minkow's wife, or two companies Meyers had never heard of before, including a trucking company. Sometimes Minkow just gave people $100 bills he peeled off a wad he kept in his pocket.
Finally, one day in September 2009, recounts Meyers, he was in the production booth with headphones on when Minkow and James Caan were schmoozing between takes. Perhaps forgetting about the open mike in his lapel, Minkow leaned over to Caan and whispered, "I financed this movie by clipping companies," Minkow said.
"Clipping," of course, is a slang word for "swindling." Minkow says the incident "never happened." "Not ever," he wrote Fortune in an e-mail in September. "And have him produce the tape."
The film's director, Bruce Caulk, did produce the tape. Scene 71, take 1. Minkow said it.
The movie has since been completed, but it now needs a new ending. That's because in March, Minkow pleaded guilty to conspiring to manipulate the stock of a then-Fortune 500 company, Miami-based homebuilder Lennar Corp. (LEN), which he caused to tank 26% in one day by making false accusations about it and its top executives. He did this, according to his plea agreement, to make money by short-selling (i.e., betting on Lennar's stock price to fall) and to assist a paying client who was attempting to extort money from Lennar that the client claimed to be owed.
In September, Minkow returned to federal prison, where he is beginning a five-year term and facing a new restitution order for $583 million -- the amount Lennar stockholders lost due to manipulation. Meanwhile, a church audit committee has been sifting through its records, where it is now clear that Minkow commingled personal and church funds for years. The movie's main backer, a former congregant, has sued Minkow for the return of more than $4.3 million he sank into the film and other Minkow ventures, alleging that Minkow raided the funds for personal purposes. Another church member -- a retired grandmother with health issues -- says Minkow left her with about $300,000 in unpaid loans; a third says Minkow forged his name on a $100,000 loan guarantee; a fourth alleges that Minkow opened credit cards in his name without his knowledge; a business associate says he is owed $47,000 for supplies; and another says the state's coming after him for $50,000 in taxes that he claims are Minkow's responsibility.
Minkow, meanwhile, is planning his next comeback.
The story of Minkow's life is comic, tragic, and psychologically perplexing. Minkow is blessed with intelligence, courage, indomitable drive, rhetorical gifts, an apparent desire to do good, and a record of documented beneficent deeds. Yet he also keeps doing ghastly things. His story is hard to read without pondering the question, Is character destiny? More narrowly, can a con man ever be redeemed?
Minkow's greatest gift is his ability to inspire others. His greatest failing is his inability to responsibly exercise his greatest gift. His business career is an astonishing morality yarn about that most titillating of subjects: intractable human failing.
"It's freedom I struggle with"
In his only extended interview since his rearrest, Minkow spoke with me for nearly three hours in August, after he was sentenced but before he reported to prison in Lexington, Ky. We met at his house in rural Crossville, Tenn., where he hastily moved his family after resigning his pastorship and pleading guilty in March. It's an unpretentious brick rambler on more than two acres of unwooded land he shares with his beautiful wife, Lisa; his twin 8-year-old adopted sons; two Siberian huskies; and a rambunctious Australian shepherd named Macho.
Minkow was bronzed, toned, and buff in his jogging shorts and a tank top emblazoned MUSCLE BEACH, VENICE, CALIFORNIA. In humid 90° heat he was building a handsome wooden fence. With a friendly hand resting on my shoulder, he explained that he had promised his wife that by the time he went to prison he'd have the fence completed, allowing her to let their boys and dogs roam in the yard with peace of mind. "I've never done anything like this in my life," he said. "I was a cowardly weasel who never liked physical labor. And now I love it."
Fine, but how did his life fall apart? Why is he headed back to prison?
"This is a drug case," Minkow says. "That's all it is." He started taking Vicodin in 2005 to relieve pain from a shoulder injury, he explains, then switched to OxyContin in 2006, gradually working his way up to 1,400 milligrams a day. "You think differently about things when you're on 1,400 milligrams a day," he adds. "And that is the story behind the story. That has kind of been glossed over."
Facing prison after his most recent conviction, Minkow worked out in the yard of his home in Crossville, Tenn.
Minkow says he weaned himself off his drug addiction -- secret even from his wife, he maintains -- by using a methadone-like substitute and then seeking outside help. By Thanksgiving 2010, he says, "I was clean and loving it." But by then he was under criminal investigation.
Did he commit securities fraud? "I was privy to insider information and that is a crime," he says. He didn't realize that what he was doing was illegal, he says, but later learned that there is a legal precedent establishing that it was. "Have you ever read it?" he asks. "It'll blow your mind. Everything going on on Wall Street is a crime. But big deal, I still did it. Please don't make it seem like I'm making an excuse."
Did he leave people with debts? Sure. He hadn't expected to get arrested, so he left some business associates in the lurch. Plus, some worshipers at his church invested in the movie, which may never be released, he says. "But it's not investment fraud," he adds. "We took [the] money, spent it as we said we would. It didn't work out great, I agree."
Did he commingle church funds? Yes, but he claims the church came out far ahead, especially considering that he hadn't accepted a salary there for several years. "I did a lot of things wrong," he says, "but trying to financially support that church was not one of them."
Minkow's lawyer submitted canceled checks in court showing deposits of about $1.6 million from Minkow's side businesses into church accounts over a three-year period. It's not known how much he took out. The church's board of elders declined to cooperate for this article. Current and former church members say the elders have told members to shun Minkow -- not communicate with him in any fashion -- because they don't think he has come clean with them.
The elders' perspective, Minkow says, is clouded by a conflict of interest. Over the years at least three of them shorted stocks on Minkow's recommendations. (Again, the elders declined to comment.) "They didn't do anything wrong in my view," continues Minkow, "and I take responsibility, but I do think it's a different story." He predicts that the FBI will not pursue the church's gripes against him because he was the church's biggest giver. He was "the Jew who laid the golden tithe," he quips.
"The point is, I'm back," says Minkow. "You know when I perform best? In custody. I work good under structure. It's freedom I struggle with. The Bureau of Prisons saved my life, and I hate to bother them again, but it looks like they're going to do it twice."
Barry Jay Minkow have been born with more energy than anyone could dissipate legally. He was diagnosed with attention-deficit/hyperactivity disorder as a child, took Ritalin from ages 6 to 15, and has taken Adderall since 2002. TV clips of Minkow during his ZZZZ Best days -- capped by a bravura performance on Oprah -- show a brash young man who keeps disappearing from view due to the violence with which he jerks his body to punctuate his sentences. Cameramen can't keep him in the picture.
The talented Mr. Minkow: A life of con
Frenetic energy was the signature feature of the ZZZZ Best (pronounced Zee Best) crimes. To launch the business, Minkow borrowed money from a loan shark. To expand it he stole jewelry from his grandmother; stole and forged checks and money orders; kited checks; altered customers' credit card receipts and forged their names on new charges; staged burglaries at his own offices and filed bogus insurance claims; fabricated invoices, financial statements, and tax returns; led lenders on a tour of a phony work project; defrauded banks; and, finally, hoodwinked a Big Eight accounting firm and a Wall Street law firm into helping him pull off a public stock offering. While doing all this he starred in the company's funny TV commercials, which played off the notion that most carpet cleaners were scam artists.
After the company collapsed, but before his arrest, his mother suggested he see her Christian spiritual counselor. (She had converted earlier.) Calculating that a quicky conversion might help him with his looming legal problems, Minkow agreed.
"But God took my wrong motives and accepted me despite my manipulative personality," he later explained in the second of his four autobiographical books. (Minkow disavows the first, Making It in America, which was published during his ZZZZ Best crime spree.)
At first, Minkow's conversion did not crimp his penchant for rococo lying. In a 60 Minutes segment that aired in early 1988 he told Diane Sawyer that all the ZZZZ Best crimes were committed without his knowledge by his top lieutenants. Later, he switched defenses, testifying at trial that, yes, he had committed the crimes, but had done so under duress from mobsters. "Thus," writes Minkow in his second autobiography, "I put my relationship with Jesus (now well over a year old) on the back burner and lied under oath to avoid prison and impress the public."
But Minkow's faith grew stronger, he has written, at the federal prison in Englewood, Colo., where he took correspondence courses in divinity from Jerry Falwell's Liberty University in Lynchburg, Va. While in custody he also gave seminars and even produced a video designed to help accountants and police detect white-collar fraud.
Minkow was released in 1995, obtained his master's in divinity, married, and then landed the head pastorship of the San Diego Community Bible Church in 1997. From Minkow's writings and recorded sermons there is no questioning his mastery of the tenets of evangelical Christianity, where his forte is "apologetics" -- defending the faith against doubters.
In some respects, Minkow appears to have considered his criminal background an asset for his new position, since it gave him an unusually deep appreciation for the miraculousness of Jesus's mercy. "Some of you don't have the advantage of being evil enough. I am uniquely qualified in that category for me to realize my need [for forgiveness]," he said in one sermon. "Good people don't go to heaven," Minkow often told his flock. "Forgiven people go to heaven." "The Christian life is not hard; it's impossible."
Luke 18: 9-14 was critical for Minkow. There Jesus stuns the crowd, as Minkow recounted in one sermon, by revealing that it is the reviled but humble tax collector -- Minkow calls him "a white-collar criminal" -- who will be saved, rather than the observant but proud Pharisee. When the tax collector cries out, "... be merciful to me, a sinner," Minkow explained, "it really means, 'I understand the standard. I'm nowhere near it' ... And yet, He says, 'I forgive you.'"
Minkow never regarded his own redemption as a done deal. Early in his pastorship, he wrote in his third autobiography, he recognized that he was taking an egotistical pride in his church's growing membership that was much like the one he had taken in ZZZZ Best's soaring stock price. "These points of similarity ... unlocked something inside me that I thought had been dead and buried," he wrote. He became a "manipulative" and "self-centered jerk" at elder board meetings, though when he walked out the door he became "the loving caring person I was hired to be. It was too bad I couldn't see out of one compartment into another to assess who I really was."
Minkow's first wife left him in 1999. He was in debt, which alimony exacerbated. "I never was too good at handling money," he wrote.
But he was beloved at the church. According to every current or former member who spoke to me -- including those who say they "got stung" in the end -- Minkow was amazing at helping congregants through personal and family crises. "From a Christian point of view, he was fabulous," says one.
The elders let him pursue side businesses to try to make ends meet.
It takes a thief
In 2001, Minkow met his current wife, Lisa, and took his fraud fighting to a new level. People sometimes sought Minkow's advice about investments they were considering. Over time he heard about some very fishy propositions, where congregants were being offered impossibly high returns. In those instances he posed as a potential investor himself, gathered evidence, and then wrote detailed reports about these dubious operators to his contacts at the FBI and SEC.
Minkow's nose for fraud was good, and his reports led to arrests and convictions of serious bad guys. His contacts in law enforcement were grateful and wrote letters attesting to the valuable work he had performed.
He founded the Fraud Discovery Institute in 2001. It was a for-profit company, though at first its only revenue came from private speaking engagements. He also continued giving free seminars to law enforcement, making regular appearances at the FBI academy in Quantico, Va.
With proof of Minkow's good deeds multiplying, Minkow's sentencing judge, Dickran Tevrizian, released Minkow from probation in 2002.
By late 2005, Minkow had uncovered at least 13 Ponzi schemes. In a commendation letter, the FBI acknowledged, "You identified millions of dollars of fraud and prevented further potential economic loss to hundreds of victims."
That year Minkow published his third autobiography, Cleaning Up, which rose to No. 25 on the New York Times bestseller list. One of Minkow's former prosecutors wrote a promotional blurb for its book jacket. Minkow spoke on CNN, NPR, CNBC, and Fox News. In May, 60 Minutes told his story in a segment in which Judge Tevrizian vouched for Minkow's turnaround. The following March, Sen. Patrick Leahy invited him to testify before a U.S. Senate subcommittee studying elder fraud.
But that year, 2006, Minkow's fraud fighting took a fateful turn. A hedge fund manager asked him a tantalizing question, Minkow told me in our August interview: "He said, 'You've had tremendous success uncovering private investment fraud. Do you think it translates to public companies?'"
Minkow had, in fact, been entertaining suspicions about corporations that employed "multilevel marketing" (MLM) strategies, where businesses enlist consumers to become distributors of their products, offering them commissions for signing up still more distributors, in a pyramidal pattern. Though many permutations of MLM are lawful -- Amway is a famous example -- others are outlawed in certain states, and some consumer advocates say MLM is potentially fraught with Ponzi-like peril.
Minkow began targeting several public companies pursuing MLM strategies. As he had in the past, he gathered evidence he alleged inculpated these targets and then sent confidential "fraud reports" to his contacts at the FBI and SEC. But now he also sent the reports to select short-sellers, who he hoped would pay him for the tips. The idea, he explained to me in our interview, was to eventually publicize the report, cause the targeted company's stock to take a well-deserved hit, and reward the short-sellers he'd tipped off in advance. He'd also short the target stock himself.
Is that business model legal? No one's sure. (This isn't what Minkow later pleaded guilty to.) In 1984, when Wall Street Journal columnist R. Foster Winans was caught trading the stocks of companies that he was about to tout or pan in his own newspaper column, he was arrested for securities fraud. It wasn't classic insider trading, though, because Winans wasn't a corporate insider, nor had he been leaked information by one. In 1987, Winans's conviction was upheld on the theory that he had misappropriated nonpublic information from his employer, the Wall Street Journal, and had traded on that.
But someone who works for himself can't be misappropriating information from an employer, observes Columbia law professor Jack Coffee in an interview. Now if he intentionally publishes false information about target companies, Coffee continues, that would be illegal stock manipulation. But if the information is true, or the person believes it is, it probably can't be stock manipulation.
On March 15, 2007, the Wall Street Journal reported that Barry Minkow, the fraudster-turned-private-investigator who "has won praise from the FBI," sent a report attacking the nutritional supplement company USANA Health Sciences (USNA) to the SEC and the FBI. That same morning Minkow posted the report on his FDI website. Its text, which launched a blunderbuss attack on USANA's products and business model, was dense and confusing. But the gist was that USANA's multilevel marketing practices resembled a "pyramid scheme." (Minkow disclosed on his website that he typically shorts the stocks of companies he investigates.)
USANA's stock dropped 15% that day.
The company denied Minkow's accusations, denounced him as a convicted con man, and sued him. But Minkow kept denouncing USANA, and its share price kept sinking -- 42% by July. He posted anti-USANA videos on YouTube and released new reports alleging -- accurately -- that a USANA spokesman and a medical advisory board member had embellished their résumés, claiming degrees or licenses they didn't have. The SEC began an informal inquiry into USANA, and the company was hit with several class-action suits.
Though some short-sellers did pay Minkow for his tips, they weren't very generous. "It was hard to get the business model to work," he told me in August.
But it was thrilling. "It was kind of like a narcotic effect," Minkow said. "Wall Street liked me again. I underestimated the allure of being accepted by the hedge funds, and people calling me. You saw a stock at 60-something, and then it went down to 18 or something. Not all because of me, but [still]."
Through persistence, Minkow did eventually stumble on a business model of sorts. Though the SEC dropped its inquiry into USANA in January 2008, Minkow kept dogging the company. Most of USANA's lawsuit against Minkow was thrown out in March 2008, since most of Minkow's allegations were constitutionally protected, a federal judge ruled. In May, USANA's CEO tried to take the company private to escape Minkow, but his plan failed on a shareholder vote.
Finally, in July 2008, USANA struck a settlement with Minkow. USANA paid him an undisclosed sum, and Minkow pulled down his Internet diatribes and targeted the company no more.
A month later a second Minkow target, Herbalife (HLF), struck a similar bargain. The very next month a third target, Nu Skin, reached a similar deal with Minkow.
In all, Minkow estimates, he made more than $1 million in 2008 from all his trades and tirades. Not a bad year for someone who was also, by now, an OxyContin addict, according to what Minkow told me this past August.
That fall, a new prospective client came to see Minkow. He was San Diego real estate entrepreneur Nicolas Marsch III, and he claimed that the big homebuilder and developer Lennar Corp. was defrauding him.
Lennar was a different breed of prey from Minkow's earlier targets. Lennar was then No. 256 on the Fortune 500 list, with revenue of more than $10 billion. It was being represented in its litigation against Marsch by O'Melveny & Myers, an 800-lawyer corporate law firm. Its lead attorney was Dan Petrocelli (pronounced Pet-ro-CHELL-i), who had handled the civil suit by Ron Goldman's family against O.J. Simpson and had defended Enron CEO Jeff Skilling in his criminal case.
Marsch alleged that Lennar had defrauded him in connection with two ritzy San Diego development projects, including the posh golf-course community known as the Bridges at Rancho Santa Fe. Lennar had misappropriated his $39 million investment, Marsch claimed, and then it cheated him of his share in the proceeds, which Marsch pegged in the hundreds of millions of dollars.
Lennar's legal filings asserted a very different story. The company argued that it owed Marsch nothing, that Marsch was a manipulative, litigious snake who had cheated Lennar of millions, and that Marsch was now trying to extort from the company money he knew no court would ever grant him.
The extortion charge stemmed from a very raw letter Marsch had FedExed to Lennar's seven outside directors in July 2008. In it Marsch asserted that he knew of some "dirty laundry" that Lennar CEO Stuart Miller and COO Jonathan Jaffe would not want "exposed," warned that Lennar might soon be known as "Lenn-ron" if the directors did not listen, and said he was prepared "to air Messrs. Miller and Jaffe's dirty little secrets in public" unless all his litigation was "completely resolved to my satisfaction prior to August 31, 2008."
Lennar's directors rebuffed the overture, and Lennar filed a new suit against Marsch in Miami state court leveling extortion-related charges.
Then Marsch hired Minkow.
Minkow: The Movie
By this point Minkow had substantial experience launching short-selling attacks on public companies. He had set up a side business that combed through databases looking for inflated educational credentials on the part of corporate officers. When he found a discrepancy he would short the stock, leak the story to a reporter, and hope for a price dip when the news hit. He eventually exposed résumé embellishments at more than a dozen companies, including MGM Mirage (MGM), Broadcom (BRCM), and EchoStar (SATS).
Though none of these attacks resulted in arrests or SEC actions, Minkow's reputation remained untarnished in the media, for whom he was a source of both tips and expert commentary. He became a regular guest of Neil Cavuto's on Fox Business Network, and after Bernie Madoff was arrested in December 2008 -- creating a demand for media-savvy Ponzi scheme experts -- he was invited to share his insights with Nightline, the Washington Post, the Los Angeles Times, and USA Today.
For Minkow, each media exposure seemed to trigger a need for more. For several years now he had wanted to star in a dramatic television series about himself. In 2008 he had a half-hour pilot shot. Then he decided that if he first starred in a full-length movie about his life, it might be easier to sell the TV show afterward, he explained to me in August. So he asked a prosperous congregant, Jeff Sachs (no relation to the economist-environmentalist), if he would fund the movie. Minkow told Sachs the movie would "inspire others and glorify God," according to a lawsuit Sachs later filed against Minkow. Sachs spotted him $1 million, and Minkow hired a production company to shoot his life story.
Lennar's lawyer, Dan Petrocelli, persuaded the government that Minkow was conspiring to manipulate the company's stock.
On Nov. 30, 2008, after a two-hour meeting with Marsch, Minkow e-mailed him an engagement letter, to which he attached a six-page "confidential proposal." In Phase I of the campaign, he proposed, he would investigate Marsch's fraud claims against Lennar and make videos of other Lennar "victims" (i.e., others with lawsuits or gripes against Lennar). They'd take this "case foundation" to Lennar, maybe in "early January," to see if Lennar would settle. If Lennar refused, they'd launch Phase II. That would involve going live with a website unleashing a "blitzkrieg" of attacks at Lennar with the "primary, measurable, deliverable" goal of "getting [it] back to the 'settlement' table." The proposal emphasized: "The media is the key [because Lennar CEO Miller] must become convinced that his reputation is at stake if he does not silence the 'squeakiest' of wheels."
Marsch was to pay Minkow $125,000 on the front end, plus a kicker of $1 million to $2 million on the back end "when settlement occurs or trial victory."
Marsch replied the next morning: "Let's proceed." (Marsch's current lawyer, Todd Macaluso, says Marsch hired Minkow solely to track down someone who had anonymously written Marsch claiming to be a Lennar insider who knew of wrongdoing at the company. "That and only that was the purpose of hiring Mr. Minkow," Macaluso says. "Marsch had nothing whatsoever to do with any other aspects of Minkow's investigations.")
In December, Minkow began gum-shoeing his hypothesis (never substantiated) that a $5 million personal loan Lennar COO Jonathan Jaffe had taken out in 2007, secured by his Laguna Beach home, was actually a disguised kickback of some kind. To try to prove this theory, Minkow made a "pretexting" call to the bank of Jaffe's mortgage broker, pretending to be the broker and asking for records. ("Hey, I saw it on The Rockford Files," Minkow told me. "[Rockford] never got in trouble.") The bank officer saw through the ploy and Minkow hung up.
At about the same time, Lennar's general counsel, Mark Sustana, was contacted by a Miami real estate broker, who asked for a private meeting. When they met, the broker said that Marsch had hired Minkow, who was looking closely at Jaffe's personal loan, and that the broker might be able to act as an intermediary if Lennar wanted to settle.
Word of both incidents got back to Petrocelli, who considered them a continuation of what he saw as Marsch's extortion attempt. He subpoenaed the bank officer and broker for depositions. But as Petrocelli was driving to the broker's deposition on the morning of Jan. 9, Lennar CEO Stuart Miller called to tell him that Lennar's stock was "nose-diving." Minkow had just publicized a fraud report on Lennar.
The report -- addressed to Minkow's contacts at the SEC, the FBI, and the IRS -- was posted on a website called www.Lenn-ron.com, along with a YouTube video in which Minkow summarized his findings. Minkow said, among other things, that he believed Lennar "to be a financial crime in progress" and that Lennar treated "their joint ventures exactly like a Ponzi scheme." He also propounded his unsubstantiated hypothesis that the personal loan Lennar COO Jaffe had received might be a "disguised kickback" and an "undisclosed related-party transaction." While the report itself was convoluted and hard to follow, it used the term "Ponzi scheme" four times and made three allusions to Madoff.
Marsch had met with Minkow to review a draft of his fraud report the day before Minkow released it, according to e-mail traffic, and Marsch later admitted in a deposition that he had edited drafts of it. Nevertheless, in an interview, Marsch's current attorney, Macaluso, asserts that Marsch never gave Minkow the final green light to release the report. Marsch and his then-attorney Fred Gordon "were as surprised as anyone when Mr. Minkow elected to proceed on his own to publish," says Macaluso.
The day the report came out, Lennar's stock -- already battered from the burst housing bubble of 2007 and the credit crisis of 2008 -- fell 26%, before recovering some ground after CEO Miller appeared on CNBC to rebut it.
A few days later Minkow expanded his attack with a second website, www.Lie-nnar.com. Lennar added Minkow as a co-defendant in its extortion suit against Marsch.
About a week after the campaign began, Marsch's then-lawyer Gordon contacted Petrocelli about the possibility of Lennar settling its disputes with Marsch and Minkow in one package deal. In e-mails Gordon explained that Lennar "finds itself in the same position as did Nu Skin, Herbalife, and ... USANA," which had all been represented by Denver attorney P.J. Poyfair, who "now represents Mr. Minkow." Gordon explained that after Minkow's previous settlements the stocks of his target companies "witnessed substantial recoveries." He also invited Lennar to pay Minkow and Marsch in Lennar stock, rather than cash, if it preferred. ("These statements are taken out of context," says Marsch's current lawyer, Macaluso. "Marsch did not participate in or approve any settlement or discussions.")
In responses to Gordon, Petrocelli demanded a retraction and apology from Minkow, and ruled out any package settlement. In an interview, Petrocelli says Lennar never considered paying Minkow a dime. That Marsch and Minkow were willing to be paid in Lennar stock -- notwithstanding having just accused Lennar of being a Ponzi scheme -- was "proof positive of extortionate behavior," he says.
Law enforcement authorities, prompted by Minkow's false accusations, initiated a criminal inquiry into Lennar. Minkow's FBI sources tipped him to the confidential probe. In an e-mail Minkow assured his sources that he wouldn't trade on that nonpublic information. Three days later he did anyway, using an account opened in his secretary's name. That constituted unambiguous insider trading.
Minkow fell further off his temperance wagon in April, when Petrocelli forced him to sit for three depositions. Minkow committed perjury at these, he admitted to me. Among other things, he claimed to have never traded Lennar stock, and he offered an array of implausible excuses for not being able to produce e-mails related to the case, including that he "lost [the] ability to receive and send e-mails for some reason," his "files were destroyed in a computer crash," that two of his laptops had been stolen in separate incidents, and that a hacker infiltrated both his personal e-mail and his FDI website, deleting items in both.
It got worse. Later that month Minkow sent Lennar's audit committee chairman an anonymous e-mail that he claimed had been sent to him at his FDI website. The e-mail purported to be from a Lennar insider, who had attached a putative smoking-gun memo revealing a plan to snooker the California Public Employees Retirement System (Calpers) on a land investment.
The attached document was a fabrication. It alluded to a genuine Lennar deal but was way off as to its most basic terms, and it misspelled the name of Lennar's chief investment officer. Though the memo had been redacted to block out both the name of its supposed author and a "cc:" recipient, the redactions had been accomplished electronically, and Lennar's lawyers were easily able to reverse the process. Upon doing so, the writer was revealed to be "abcdefghijklmnowqrstuvwx" and the "cc:" was directed to "abcdefghijklminop." Whether due to unfortunate coincidence or muscle-memory-induced typos, there were two nonalphabetical sequences in those strings of nonsense letters: "min" in the second string, and "ow" in the first. As in Minkow. (In our conversations, Minkow declined to comment on whether he fabricated any documents for his Lennar campaign.)
Meanwhile, USANA's former attorney Poyfair, now representing Minkow, contacted Petrocelli, saying that Minkow wanted to meet. On April 10, Petrocelli and Lennar COO Jaffe met with Minkow and Poyfair at a Las Vegas hotel. Minkow had asked that the meeting be held there because his TV pilot about himself, Redemption, was being shown at a Las Vegas film festival.
A "smoking-gun" memo that Minkow sent to Lennar, which he claimed he had received anonymously, turned out to be a fabrication.
Petrocelli made the case for why Minkow's allegations were false. Minkow responded that he felt he had been misled by Marsch and was willing to drop his campaign, according to Petrocelli. In exchange, though, he wanted $1 million. Jaffe and Petrocelli walked out. (Minkow confirms Petrocelli's account. Poyfair says he agreed to represent Minkow only for the limited purpose of drawing up a settlement document if Minkow were able to negotiate a deal with Lennar on his own.)
During the last weekend of this eventful month, Pastor Barry Minkow departed from his sermon schedule to deliver a special two-weekend homily on "forgiveness." At the second of these, which focused on the concept of confession, he observed: "One of the biggest temptations I have in my other life, investigating fraud, is the very real temptation to become the people and use their tactics that they're using to defraud people ... It's an awful, ugly temptation ... 'Well they're hurting people, and I'm just trying to unhurt 'em.' No, no, no. It's a slippery slope."
As his campaign continued, Minkow claimed to receive more e-mails from the purported Lennar insider, and a Citibank analyst got one too. Petrocelli's legal team, which had been scrutinizing Minkow's modus operandi for months, noticed that this insider's persona closely resembled that of an anonymous USANA insider from whom Minkow had purportedly received assistance on Internet message boards during his 2007 campaign against that company. Both insiders had a playful, taunting persona; both addressed Minkow as "convict" while according him obvious respect; and both used the phrases "Riddle me this, Batman" and "Happy hunting!"
In early May 2009, Minkow launched a fresh attack on Lennar, accusing CEO Miller and COO Jaffe of holding undisclosed bank accounts in the Cayman Islands and Switzerland. Miller and Jaffe immediately executed affidavits denying the accusation. Privately, they also offered bank-secrecy waivers to the government so it could verify that they held no such accounts.
When Petrocelli later forced Minkow, through litigation, to reveal the basis for this accusation, he identified an investigator he had hired, Terry Gilbeau, as his source. Gilbeau, when deposed, said he got the information orally from another investigator, whose name he could not recall, and said he regarded it as just "preliminary intelligence" that he assumed Minkow would "vet out" if he intended to rely on it.
In May, Petrocelli made a written submission -- the first of several -- to the criminal division of the U.S. Attorney's Office in Miami presenting evidence that, in his view, showed that Marsch and Minkow were conspiring to commit extortion and securities fraud. He also alerted authorities to another curiosity he had come across during discovery: Two of Minkow's consultants in the Lennar case had been paid via PayPal accounts belonging to the San Diego Community Bible Church.
"If you can't trust the pastor …"
As the full-length movie about Minkow's redemption was shot in Los Angeles in August and September 2009, litigation nets were constricting around Marsch and Minkow. The trial of Marsch's main allegations against Lennar started in San Diego in June, and over the summer Marsch was cross-examined by Petrocelli for 16 days. At the same time Petrocelli asked the Miami court, which was hearing Lennar's attempted extortion suit against Marsch and Minkow, to sanction Minkow for a wide range of litigation misconduct.
Though Marsch appeared outwardly to be wealthy, the litigations were taking a toll. To fund them he borrowed $3 million from an investor group in exchange for 65% of any potential recovery from Lennar. In May 2009 he borrowed $600,000 from Minkow and his congregant and business partner, Sachs, in exchange for another 5% of his recovery. Marsch also sold the pair a Colorado ski property for $850,000 of Sachs's cash and $500,000 in forgiveness of fees Marsch now owed Minkow, since the Lennar campaign had lasted so much longer than anticipated.
By the close of 2009, Minkow may have been experiencing financial strains of his own. He approached a retired, divorced grandmother in his congregation, whom I'll call Linda. As pastor, Minkow had helped Linda's family through difficult times. Now he asked Linda if she would take $150,000 out of her home-equity line and give it to another member of the congregation, whom I'll call Steve, so that Steve could invest it in Minkow's movie to pay for "post-production" expenses. In exchange, Steve would execute a promissory note to Linda, which Minkow would co-sign as guarantor.
Linda did as asked. "If you can't trust the pastor," she says in an interview, "who can you trust?"
A month later Minkow came back to Linda and asked for another $100,000 loan. This one was to expand a business he had set up owning FedEx delivery routes. (FedEx Ground does not directly employ its delivery truck drivers. Instead, it hires contractors to provide drivers for its trucks.) Linda gave Minkow the money, and he gave her another note. He also said he'd give her a piece of the trucking business, which would yield several thousand dollars a month. (In our interviews, Minkow said he had indirectly paid some money back to Linda -- maybe $50,000 -- by paying Steve to do remodeling work on Linda's house. But Minkow also admitted, "I kind of knew [Steve] was squandering the money and not doing it." Steve did not return e-mails.)
As 2010 began, Minkow was hurtling toward disaster. In January, Minkow got a subpoena from the SEC, revealing that he was being investigated for securities fraud. In February, Marsch declared bankruptcy in San Diego and also put his company, Briarwood Capital, into Chapter 11. In April the ski property Marsch sold to Sachs and Minkow also went into bankruptcy. In July, after Marsch gave seemingly inconsistent testimony in the San Diego and Colorado proceedings, the San Diego bankruptcy judge ousted him from control over his own company, saying he had lost confidence in Marsch's "capacity for candor and honesty."
On Friday, July 16, the judge who had presided over Marsch's 11-month trial against Lennar in San Diego, Superior Court Judge William Nevitt Jr., delivered his decision. While Marsch had been a persuasive witness during his direct testimony, Judge Nevitt wrote, his story "did not withstand close scrutiny and cross-examination." Nevitt concluded that Marsch "repeatedly gave false testimony on material issues." Lennar owed Marsch nothing, he concluded, and, on the contrary, Marsch owed Lennar $17 million.
Nevitt's ruling meant that there would most likely be no payoff for Minkow's long, costly mission for Marsch. Minkow was ruined.
At his sermon that weekend, Pastor Barry alluded to his predicament. "I have a client in the fraud-uncovering world that I live in," he said, "that I felt was just taken advantage of in a horrible way. And it was a big Goliath-type public company and he was the David ... I put my whole heart into it ... and after a year and a half" -- long pause -- "he lost everything. He lost the case."
But Minkow's sermon was not about accepting failure. It was about bouncing back from it. "Remember all the Rocky movies," he told the congregation. "I liked Rocky V the best." He recounted the moment when Tommy Gunn is savaging Rocky in the ring, and Rocky falls backward in slo-mo and all seems lost. But then Rocky has a flashback to what his deceased trainer Mickey -- the Burgess Meredith character -- would have told him. "Dum dede dum dede dum dum dum. And [Rocky] gets up, and he wipes the floor with Tommy Gunn. All because Mickey said, 'Get up ya bum, because Mickey loves ya' ... When you're down, I want you to hear that music. Dum dede dum dede dum dum dum. I want you to think Jesus is saying, 'Get up ya bum, because Jesus loves ya.' " The congregation erupted in applause.
In August, Minkow testified at a hearing on whether he had committed litigation misconduct, as Petrocelli alleged. Though she didn't rule on the spot, Miami judge Gill Freeman commented from the bench, "Mr. Minkow ... will lie, plain and simple. He seems to have absolutely no sense of responsibility for telling the truth."
In September the church elders discovered that the church's income was running below projections by $28,000 per month. It would have to surrender office space and lay off staff. They also learned -- in part due to evidence emerging from the Lennar case -- that Minkow was commingling funds, that he had concealed certain debts from the board, and that he had opened checking accounts in the church's name that the elders hadn't known about. Nevertheless, according to board minutes, the elders concluded that Minkow's "giving exceeded what was reimbursed to him," and retained confidence in him.
In November, Minkow went back to Linda, the retired grandmother. He was now selling his FedEx routes, he explained, and would be buying a gas station instead, and he'd give her a stake in that. To be known as GreenCo, the station would have an environmentalist angle. "People could pay I forget how much more for gas to get their carbon imprinting," Linda says. "It would be the first company of its kind. It was going to be big."
Minkow showed her a photocopy of what purported to be an e-mail from Minkow's accountant at Marcum, an accounting firm, instructing Linda to write Minkow a check for $22,500, which he'd pay back later. This "confusing" transaction, the accountant explained, would protect Linda from adverse tax ramifications from her investment in the gas station. She did as requested. (Linda faxed me the purported accountant's e-mail, which I forwarded to Marcum. A Marcum spokesperson says the e-mail could not possibly have originated from Marcum's servers, as their employees use "@marcumllp.com" addresses, while the one shown to Linda purports to have been sent from an "@marcumllp.net" address. Minkow responds, "If the e-mail to [Linda] is somehow inaccurate, it is in the hands of the FBI ... and I have no clue.")
December brought crisis. First, Minkow learned that he was under federal criminal investigation. Then one of his civil law firms sued him for nonpayment of $34,000 in fees. Finally, two days after Christmas, Judge Freeman ruled on Petrocelli's sanctions motion. She found that Minkow had "withheld key documents," "destroyed or discarded important evidence," "concealed the identity of material witnesses," "willfully violated court orders," "engaged in actions to cloud his misconduct," and "intentionally misrepresented" matters to his own lawyers, to Lennar, and to the judge herself. She ordered the stiffest possible sanction: default. In other words, the only issue left in the case was how much Minkow would owe Lennar in damages. (Lennar wanted $583 million plus attorneys' fees.)
Minkow's GreenCo gas station ("Feeling good about fueling") launched in January 2011. Its manager, Robert Warner, soon noticed something odd. The security camera showed that Minkow was coming in twice a day to clean out the safe.
GreenCo's main gasoline supplier, Eric Dransfield, also noticed puzzling conduct. First Minkow asked to pay him via PayPal. Then, once he set up an account, he began receiving payments from Minkow, Minkow's wife, Minkow's secretary, and, yes, the grandmother I've been calling Linda.
Minkow had asked Linda to set up a PayPal account linked to her Discover card, she explained to me, to which Minkow's secretary would have access. This was, again, supposed to be for tax purposes, she says. Minkow put $21,000 in gasoline charges on her card, she says.
In late January there was a burglary at Minkow's church -- never solved -- in which $50,000 was stolen from the donation box. In conversations with me, Minkow denied any involvement, emphasizing that, as he would have known, the box contained only a couple thousand in cash, that the rest consisted of checks on which congregants were easily able to stop payment, and that the church had no insurance for burglary, so he had "no motive."
In March, after a series of Minkow's payments bounced, Dransfield says, Minkow owed him $47,000. He went to Minkow's home.
Minkow appeared to have just given himself an injection to relieve migraines, according to Dransfield, who remembers seeing the needle and the mark it had left on Minkow's forehead. (Minkow does have a medical history of severe migraines.) He was "walking in a dazed state" with "his belt undone," Dransfield recalls. Minkow admitted owing Dransfield the money and signed over to Dransfield all his rights to GreenCo.
But Minkow never had authority to convey anything he was purporting to convey. GreenCo's lease had never been in Minkow's name in the first place.
A day or two later, on March 16, the church elder board issued a press release announcing that Minkow had resigned the day before and would be pleading guilty to "one criminal count." The board said it was "saddened," that it appreciated "his 14 years of faithful service," and that it would "make no further statements regarding these matters."
By then, Minkow had left town and, by April, he and his family were living in Tennessee.
Minkow's guilty plea was inked on March 22, his 45th birthday. In it Minkow acknowledged having conspired to "artificially depress" Lennar's stock price in order to assist "Conspirator A," who was employing "extortionate means" to induce Lennar to pay him a sum of money. Minkow admitted making "numerous false and misleading statements" on his websites, and "adopting Conspirator A's false assertions with reckless disregard for their truth." He also admitted that he "abused his relationship" with federal law enforcement to get nonpublic information and trade on it.
"We appreciate the good work of the Justice Department in protecting our public securities market," says Lennar CEO Stuart Miller.
Marsch hasn't been charged with any crime. "This case is still open," says a Miami FBI spokesperson. "Therefore, we cannot comment at this time." He also declined to say whether any FBI agents had been punished for sharing confidential information with Minkow.
In my conversations with Minkow, he more than once told me of a joke he recalls his criminal defense lawyer making that, he believed, provided an apt summary of the lessons we should take away from his "relapse." In a sense, I agree.
"We were at this very high-tension meeting, where I'm not allowed to talk," Minkow recounted. He and his lawyers were meeting with federal prosecutor Ryan O'Quinn. Minkow's lead lawyer, Don Re, was participating by phone, while Minkow attorney Alvin Entin was present in person.
According to Minkow, the prosecutor said, " 'Mr. Re, you should be proud of your client. In the ZZZZ Best thing he was running the deal -- he was the head guy. Now he's just a small player. He's getting better.'"
In response, according to Minkow, Re quipped, " 'That's how I know he's innocent. Because if this were a fraud, Barry would be running things.' " Everyone laughed, as Minkow remembers it.
Re did not return calls and e-mails seeking confirmation of his joke. Prosecutor O'Quinn, now in private practice, said he has no memory of such an exchange. "Given the role that Mr. Minkow admitted to playing in his attack on Lennar," he wrote in an e-mail, "I doubt anyone would have called him a small player. I certainly do not remember anyone saying that."
Entin, Minkow's longtime friend and lawyer, also could not confirm the story. "That one I don't recall at all," he said.
This article is from the January 16, 2012 issue of Fortune.
http://features.blogs.fortune.cnn.com/2012/01/05/barry-minkow-con-man/?section=magazines_fortune
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