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laserhaas

laserhaas's Journal
laserhaas's Journal
January 31, 2017

Appeals Ct. Halts Prosecutor Pay Paxton Fraud Case

Source: Houston Chronicle

A Dallas appeals court on Monday halted payments to three private Houston attorneys who are prosecuting Texas Attorney General Ken Paxton on criminal fraud charges, a move that could impact the case if it stays in effect.

Paxton faces fraud charges stemming from transactions before he became attorney general two years ago. He was indicted in August 2015.

An attorney for the special prosecutors, David Feldman, said the attorneys planned to continue preparing their case despite the temporary court decision. Paxton is scheduled to go to trial on May 1.

The three special prosecutors are Houston attorneys Kent Schaffer, Brian Wice and Nicole DeBorde.

Read more: http://m.chron.com/news/politics/texas/article/Court-orders-payments-halted-to-Paxton-prosecutors-10894726.php



Paxton is budfies with Hovernor Perry, who has been picked by Trump, for a cabinent position.

Most of U.S. doubt this case will amount to much ....though it should (as the Gov. Perry case amounts to zilch, nada)
January 27, 2017

Thanks for Twitter software upgrade! Can we now

Look at a dynamic of Title conundrum concerning Twitter?

When one uses the DU Tweet button ...there's a redundancy conundrum (which ...IMO ...defeats good purposes)

You have the "words"
Democratic Underground

And then the link
http://demu.gr/10028547517 via

And then nexus of Twitter DU
@demunderground

This seems a bit vain to non DU persons;
and can also be self defeating if a party 's Thread posting title is too long.

I would humbly suggest dropping the "words" as such is already present in the Twitter moniker? (such would add 23 available characters to a DU thread ..titling)

However, should you refrain, I would then suggest doing a Title software adjust to block going beyond the permitted character count.

Just a suggestion....

January 27, 2017

Was Trump's Romney dinner a scheme?

This is a multifaceted posting, to try out the brand new Twitter embed at DU (longggg overdue); and ask a question germane to many current battles against Trump administration nominees and plans.

Moi's Question is .... Was Trump's dinner date with Mitt Romney a meal deal to make sure no indictment of Bain Capital and Goldman Dachs would occur? (Trust me ...there's good reasons to prosecute).

When DU came back online, it seems a lot of vigor has waned; and my hopes of others getting on board our fight against Wall Street fraud & fed revolve door corruption is lacking, resultsnt of lost vigor (except mine).

Here's my pinned tweet; which is part of a multi phase attempt to get justice ...that embed Tweets will make more ready & lucid.

https://twitter.com/laserhaas01/status/824684241438924800

[br][hr]

For those unfamiliar with our fight against Romney and Goldman Sachs ...here's a recent letter to 8 judges and some links below to main stream and other media apropos

http://tinyurl.com/hapkyge


https://shadowproof.com/2015/01/01/the-unending-etoys-com-bankruptcy/


https://mobile.nytimes.com/2013/03/10/opinion/sunday/nocera-rigging-the-ipo-game.html

http://www.post-gazette.com/business/businessnews/2005/07/25/EToys-investors-claim-conflict-at-law-firm/stories/200507250210


https://www.youtube.com/shared?ci=2p3oMiLHtdY


http://crooksandliars.com/2015/01/mitt-romney-slapped-racketeering-lawsuit

http://www.goldmansachs666.com/2012/11/one-mans-relentless-fight-against.html?m=1

[br][hr][br]



January 21, 2017

We can stop Trump's pick of Clayton to head SEC; but we need your help

Just the facts - apropos - concerning how large the troubling matter is of POTUS Trump (still leaves a bad taste in my mind, every time I look upon him) picking a Goldman Sachs crony to be head of the SEC.

Yours truly already knows how Goldman Sachs gets away with organized crimes and benefits by murder; because our eToys case provides proof how the racketeers infect the Department of Justice to assure no investigation, indictment or prosecutions of Goldman Sachs (and their cohorts/cronies) transpires (Please See Colm Connolly section, below).

Hence, it is absurd to allow Goldman Sachs to expand its enterprising ways, with this new pick of a Sullivan & Cromwell law firm partner, to be head of the SEC. (Especially since Sullivan & Cromwell is in on the corruption to protect Goldman Sachs rackets)

[font color=burnt]FULL Disclosure[/font]: I' Laser Haas, who has been after the DoJ, FBI, U.S. Trustee and SEC to get Goldman Sachs and its law firms of MNAT/ Sullivan & Cromwell - INDICTED - for 15 years; and the investigation/indictment/ prosecution of Goldman Sachs, MNAT and Sullivan Cromwell has been stymied by the "revolving doors" of federal agents - with Wall Street.

[br][hr]
Fact 1 - Trump has nominated Jay Clayton to be head of SEC.

Per Wikipedia

Walter J. "Jay" Clayton is an American attorney who specializes in mergers and acquisitions transactions and capital markets offerings. --- He is President-elect Donald Trump's selection to chair the U.S. Securities and Exchange Commission.

[br][hr]
Fact 2 - Jay Clayton is a lawyer at Sullivan & Cromwell, who represents Goldman Sachs


Per Wikipedia

He {Clayton} is a partner at the law firm Sullivan & Cromwell. He is President-elect Donald Trump's selection to chair the U.S. Securities and Exchange Commission.

At Sullivan & Cromwell, Clayton has represented prominent Wall Street firms, including Goldman Sachs. He has also helped multiple corporations raise money through initial public offerings, including Alibaba Group,[4] Ally Financial, Och-Ziff Capital Management, Oaktree Capital Management, Blackhawk Network Holdings, and Moelis & Company.[1] During the Financial crisis of 2007–2008, Clayton advised Bear Stearns in its fire sale to JPMorgan Chase in 2007 and Barclays Capital in the purchase of Lehman Brothers' assets following their bankruptcy.[3]


[br][hr]
[center]

picture from Rolling Stone article Jan. 5, 2017
[/center]
[br][hr]
Fact 3 - Rolling Stone points out Trump pick of Clayton is worst SEC pick - EVER

Per Rolling Stone article titled "Trump Nominee Jay Clayton Will Be the Most Conflicted SEC Chair Ever"

Senator Sherrod Brown is quoted as saying:

"It's hard to see," Brown said, "how an attorney who's spent his career helping Wall Street beat the rap will keep President-elect Trump's promise to stop big banks and hedge funds from 'getting away with murder.'"


Believe it or not - "getting away with murder" - is possibly 'Spot On' (more on this, below, in a moment).
[br][hr]
Fact 4 - Jay Clayton's wife still works at Goldman Sachs
[br]
According to Bloomberg, quoting (and this is REALLY sardonic) Ben "Bain" - and the Bloomberg story appropriately titled "After Ripping Wall Street, Trump Picks Insider to Lead SEC"

Bloomberg article states:

> Sullivan & Cromwell’s Jay Clayton tapped to chair agency

> His legal clients have included Goldman Sachs and hedge funds


Trump will nominate Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, the president-elect’s transition team said in a statement Wednesday. Clayton’s clients represent a virtual who’s who list of industry titans, including hedge funds, private equity firms and Goldman, where his wife has worked for almost two decades.



Here's a link to the Bloomberg video discussion with Mr. Bain (you have no idea how sardonice the "Bain" thingy is).

http://www.bloomberg.com/politics/videos/2017-01-04/donald-trump-to-nominate-jay-clayton-as-sec-chair

[br][hr]

[font size=4 color=navy]Preliminary Conclusion[/font]

We can't trust this pick to be head of SEC, over Goldman Sachs

As reported by all, Trump said one thing about Wall Street, and is obviously doing another. The POTUS pick of a Goldman Sachs crony to head the SEC, is absurd (akin to Capone being able to get Nitti to be prosecutor over Capone cases).

Jay Clayton owes much to Goldman Sachs, and his law firm of Sullivan & Cromwell owes much, too. Combine this with Clayton's wife still being at Goldman Sachs, means we (America) needs a separate OIG, or Public Integrity Section, Special Prosecutor to review all of the issues germane.

As our eToys cases saga points out, Goldman Sachs already gets away with racketeering and federal corruption.
[br][hr]

[center]


[/center]
[br]

Our eToys case proves everything Senators Warren & Sanders states about Wall Street getting away with fraud, due to "revolving door" (switching sides) federal corruption of watchdog agencies.

Item 1 - Goldman Sachs took eToys public (IPO) and did a pump-n-dump stock fraud for $600 million

As this pick - below - does show, Romney, MNAT, Goldman Sachs, Paul Traub and Colm Connolly are all directly linked to each other. This is why I stated, above, it is sardonic that Bloomberg uses a "Bain" person to point out the idosyncracies of this particular saga.

It is - as if - Bloomberg is in on the jokes!

[center]

[/center]

Item 2 Per the March 2013 New York Times article, by Joe Nocera, titled "Rigging the IPO Game" it is noted Goldman Sachs took eToys public, doing a "spinning" scheme.



The eToys initial public offering raised $164 million, a nice chunk of change for a two-year-old company. But it wasn’t even close to the $600 million-plus the company could have raised if the offering price had more realistically reflected the intense demand for eToys shares. The firm that underwrote the I.P.O. — and effectively set the $20 price — was Goldman Sachs.

[br] Please take NOTE: I'm the Delaware Bankruptcy Court appointed fiduciary over eToys, who authorized the suing of Goldman Sachs; but I had no idea my attorney (MNAT.com) who was also eToys court appointed law firm, was also (secretly) representing Goldman Sachs. MNAT nominated Paul Traub (fraudster who was partners with Marc Dreier and Tom Petters Ponzi) to be the one to sue Goldman Sachs in the New York Supreme Court case.

Item 3 [font size=3 color=burnt]In essence, Goldman Sachs sued Goldman Sachs and eToys lost a billion dollars![/font]

After the Internet bubble burst — and eToys, starved for cash, went out of business — lawyers representing eToys’ creditors’ committee sued Goldman Sachs over that I.P.O. That lawsuit, believe it or not, is still going on. Indeed, it has taken on an importance that transcends the rise and fall of one small company during the first Internet craze.
[br]
[br]
[center]

[/center]

Item 4 ... Colm Connolly was a Goldman Sachs law firm partner arranged to be the Delaware U.S. Attorney

When I was frustrating the racketeers in eToys (of MNAT, Goldman Sachs, Barry Gold, Mitt Romney/Bain Capital and Paul Traub) who were stealing billions of dollars, all over the country - they offered me a million dollar bribe - which I turned down and reported to the Delaware DOJ.

Instead of investigating, arresting, indicting and prosecuting Goldman Sachs, MNAT, Paul Traub, or Sullivan & Cromwell, the parties arranged for a MNAT partner (Colm Connolly pic immediate above) to become THE Federal prosecutor, over the very cases in question.

Here's the link to the DOJ's Office of Legal Policy website, concerning Colm Connolly's resume (shows MNAT and DOJ)

This is the picture of the website (in case it vanishes)


[br][hr]

Item 4
..... Reporting Colm Connolly corruption resulted in Shut Down of Public Corruption Task Force

Getting help from a task force judge/clerk, once I learned the United States Attorney I was giving all the evidence to, was concealing his connections (Conflict of Interests) to the very persons I was asking him to investigate/prosecute - I filed a Complaint (time stamped each/every page) with the U.S. Attorney's office, in Los Angeles, where the Corporate Fraud and Public Corruption Task Forces, were housed.

See link to Laser's 18 U.S.C. 3057(a) Complaint

[br][hr]

Item 5 --- Public Corruption Task Force is SHUT DOWN and federal prosecutors are threatened to silence!


See this L.A. Times story "Shake-up roils federal prosecutors"

The statement by the DOJ, for the shutting down of the Public Corruption Task Force (in March 2008, just 12 weeks after I filed the largest case of corruption they ever witnessed) - is that there were no federal corruption cases to prosecute.

And that dismanlte of the special unit would make the DOJ better
(that was in 2008, here it is 9 years later - still no prosecution of fraud/corruption)

Asked about the recent dismantling of a high-profile unit in the U.S. attorney's office in Los Angeles that specialized in public corruption cases, an office spokesman provided what some saw as a curious justification:

Eliminating the public integrity and environmental crimes section, spokesman Thom Mrozek said, would actually enhance the effort to prosecute such cases.


[center]
FEDERAL AGENTS THREATENED TO KEEP QUIET - Or ELSE!
[/center]

He explained that the unit's 17 lawyers would be farmed out to other sections in the office and that those types of cases would now be handled by a larger pool of attorneys, instead of by a select few.

But in interviews with The Times, several members of the disbanded unit challenged that explanation, saying the move was intended to punish lawyers for a perceived failure to produce and for bad-mouthing their boss, U.S. Atty. Thomas P. O'Brien.

They said O'Brien also threatened to tarnish their reputations if they challenged the official explanation for the unit's dismantling in conversations with reporters. Members of the unit contacted by The Times either spoke on the condition that they not be named or declined to comment. Several said they wanted to talk about the situation but feared reprisals if they did so.


[br][hr][br]
[font size=6]CONCLUSION[/font]

We have proof Goldman Sachs can openly do fraud, manipulate the Department of Justice staff to make sure Goldman Sachs and its cronies/ cohorts are not investigated, arrested, indicted and prosecuted; which means the notion of making the very entities benefiting from Wall Street organized crimes (the cui bono for Romney, Paul Traub, MNAT, Sullivan & Cromwell, Goldman Sachs) who are also already able to participate in the Federal Watchdog Agencies corruption and cover ups -

--------------to be head of those very investigative agencies

[center] Is ABSURD!
[/center]
[br][hr][br]
January 18, 2017

Rachel Maddow asks our help to name Trumps 6 Sachs Picks - That Sucks

It is a given that The Donald is a 1 term President; and Trump seems fully aware about this; which is why he is throwing caution to the wind - picking his cronies, to have a Wall Street feeding frenzy.

Rachel Maddow points out we now have to worry about 6 Goldman Sachs picks, by Der Drumpf, in his efforts to Make America Not so great - again! Maddow notes there's no name, term, word or coin of phrase for Donald THumps picking of 6 Goldman Sachs oligarchs to rule over U.S.;

Being that all this Sucks the whammy, Maddow's asking for our help to name the crude brood.

http://www.msnbc.com/rachel-maddow/watch/trump-adds-sixth-goldman-sachs-hire-what-s-the-word-for-that-856982595632

[br]

January 11, 2017

Goldman Sachs racketeering can roil Trumps SEC nominee

Picking of Goldman Sachs crony of law firm Sullivan & Cromwell, to head SEC, is a akin to Nitti running the DoJ. The MNAT law firm, in Delaware, and Sullivan & Cromwell of NY, are Goldman Sachs firms who colluded, in an Obstructive, racketeering manner, to do frauds on the courts to assure RICO success of Goldman Sachs fleecing victims of eToys initial public offering ("IPO&quot for a billion dollars.

[font size=4 color=navy]FULL Disclosure[/font]: I'm Laser Steven Haas, the Delaware Bankruptcy Court approved fiduciary to control the eToys case (via my company "CLI&quot . When I turned down and reported a bribe offer from MNAT and Paul Traub, seeking to beguile me to betray my clients, I became the whistleblower in eToys case.

Then the eToys court approved Creditor's counsel of Paul Traub and eToys Debtor's counsel of MNAT - retaliated upon me - which has been aided & abetted by Sullivan & Cromwell's law firm obstruction of justice.


[center]


[font size=4 color=burnt]New York Times article on Goldman Sachs eToys fraud[/font]
[/center]

See the New York Times March 2013 article about Goldman Sachs taking eToys public and rigging $600 million to go somewhere else, other than eToys "Rigging the {[font size=4 color=red]e[/font][font size=4 color=navy]Toys[/font]} IPO Game"

To assure the schemes & artifices to defraud, aided by system of justice cover ups, fully worked, the stlwarts owned a U.S. Attorney (Colm Connolly); and when we reported this to the Public Corruption Task Force, it was shut down and career fed agents threatened (see Los Angeles Times "Shake-up roils federal prosecutors".

Sullivan & Cromwell was required by NY Law and the BAR, to inform the NY State & Federal Courts about MNAT's lies under oath and duplicity in eToys cases frauds (especially of MNAT hand pick of Paul Traub to sue Goldman Sachs).

Notably, ABA Model Rule 8.3 (adopted, permanently, by the New York State Bar, in 2008) and correlates prior and since, under the New York Unified Court System Rules of Professional Conduct - where lawyers must report knowing of their partner’s misconduct/unfitness to be an attorney (see the BAR’s DR 1-103(A)).


Goldman Sachs sued Goldman Sachs

MNAT nominated Paul Traub to sue Goldman Sachs, doing so whilst MNAT was benefiting from its lies under oath, concealing the fact of MNAT"s simultaneous representation of Goldman Sachs (in the Finvoa case DE Bankr. 01-705); and the Delaware Bankruptcy Court approved
http://petters-fraud.com/MFW_ORDER_2_EXPAND_TRAUB_2_NY_Sup_Ct_asNOconflictsEXIST.pdf

Hence, Goldman Sachs law firm of MNAT handpicked a fraudster to sue Goldman Sachs; and eToys lost a billion dollar litigation when Traub settled case of Sachs suing Sacks, for a paltry $7.5 million.
[br]
Sullivan & Cromwell Attorney (Jeremy Bates) points out MNAT fraud

This one is really funny. Sullivan & Cromwell thought they were slick in picking an environmental attorney to handle the case of eToys v Goldman Sachs, in New York Supreme Court; but Jeremy Bates did not get instructions to sit idle by.

Instead, Sullivan & Cromwell's attorney, Bates, worked with me to point out the eToys frauds; and Jeremy ferreted out the proof of MNAT's deceit, in eToys (while MNAT was still benefiting from Perjury), by MNAT seeking the Destruction of eToys Books & Records http://petters-fraud.com/ChiefMFW_Order_Destruction_byBATES_SnC_300.pdf

[br]
MNAT, concealed Goldman Sachs relationship to become Laser and eToys counsel

This is MNAT's orginial eToys Bankruptcy Rule 2014 Affidavit per Section 327(a) Application Professional Person that (less than totally candid) mentions 'The Learning Company'; but fails to mention Goldman Sachs. http://petters-fraud.com/etys_131_mnat_etoys_case_original_app_section327_rule2014.pdf


[center]


[font color=navy]Goldman Sachs[/font] corruptionof U.S. Attorney Colm Connolly
[/center]

In essence, Goldman Sachs sued Goldman Sachs, in eToys v Goldman Sachs - and eToys lost a billion dollars; which has not ben prosecuted due to DoJ cover ups of U.S. Attorney Colm Connoly being a partner of MNAT (Colm pic above).

We can now prove Colm Connolly was a partner of MNAT, from 1999, until August 2001; and that Connolly then became the Delaware United States Attorney over the very cases in question (please see Dept. of Justice Office of Legal Policy resume for Colm Connolly http://www.justice.gov/archive/olp/colmconnollyresume.htm

After I reported finding out Colm Connolly was a corrupt U.S. Attorney
http://petters-fraud.com/Clocked_18_USC_3057_A.pdf

Then the Public Corruption Task Force - was shut down - and career federal prosecutors threatened to silence
http://articles.latimes.com/2008/mar/20/local/me-shakeup20

Stating:

Asked about the recent dismantling of a high-profile unit in the U.S. attorney's office in Los Angeles that specialized in public corruption cases, an office spokesman provided what some saw as a curious justification:

Eliminating the public integrity and environmental crimes section, spokesman Thom Mrozek said, would actually enhance the effort to prosecute such cases.

He explained that the unit's 17 lawyers would be farmed out to other sections in the office and that those types of cases would now be handled by a larger pool of attorneys, instead of by a select few.

But in interviews with The Times, several members of the disbanded unit challenged that explanation, saying the move was intended to punish lawyers for a perceived failure to produce and for bad-mouthing their boss, U.S. Atty. Thomas P. O'Brien.


Former USAG Ashcrofts remarked on US. Trustee collusion with corrupt bankruptcy judges.

Writing these accusations, Ashcroft is quoted by Knize, specifically remarking:
http://www.uscourts.gov/sites/default/files/knize_0.pdf


"Bankruptcy court corruption is not just a matter of bankruptcy trustees in collusion with corrupt bankruptcy judges. The corruption is supported, and justice hindered by high ranking officials in the United States Trustee Program. The corruption has advanced to punishing any and all who mention the criminal acts of trustees and organized crime operating through the United States Bankruptcy Courts. As though greed is not enough, the trustees, in collusion with others, intentionally go forth to destroy lives. Exemptions provided by law are denied debtors. Cases are intentionally, and unreasonably kept open for years. Parties in cases are sanctioned to discourage them from pursuing justice. Contempt of court powers are misused to coerce litigants into agreeing with extortion demands. This does not ensure integrity and restore public confidence. The American public, victimized and held hostage by bankruptcy court corruption, have no where to turn."


Please Take NOTE: - the eToys Bankruptcy Court abused discretion by refusing to disqualify MNAT vis-a-vis the court's Published OPINION of October 4, 2005; which stated it was too late to disqualify MNAT, due to the fact the eToys case was over, in 2005 (as a matter of fact, our eToys case did not close until 2015- after the corruption settled the eToys NY Supreme Court case in 2013).

MNAT confessed its failure to disclose; and was sanctioned for it in 2005; but was not prosecuted due to corruption (See eToys Chief Justice MFW Opinion of October 4, 2005; which stipulates MNAT had an "actual" conflict of interest that did "harm" eToys
http://www.deb.uscourts.gov/sites/default/files/opinions/judge-mary-f.walrath/etoysmnatfees.pdf

While benefitng from its acts of perjury and deceit of parties of interest, MNAT nominated an organized criminal (Paul Traub) to be the one to prosecute Goldman Sachs in the NY Supreme Court case 60185/2002. (see my recent letter to 8 judges about the fact Mr. Traub was simultaneous "control" partner of Tom Petters Ponzi and international imposter fraudster attorney Marc Dreier
http://tinyurl.com/hapkyge


No main media has EVER reported on the following facts

Romney & Sachs The Learning Co. defraud on Mattel
That MNAT handled the merger of Learning with El Segundo Mattel - in Delaware
Or that Colm Connolly quit being Asst. US Attorney to be partners with MNAT
And that all of such, plus Kay Bee, eToys and I, are Romney's "retroactive" secrets.

Nor has any msm reported on Ashcroft's remarks about victims having no where to turn.


http://petters-fraud.com/Proof_MNAT_Represents_Bain_DelawareKB_case.pdf

http://petters-fraud.com/mnat_consent_mattel_learningco_merger.pdf


This item is real quaint. In the footnotes, the US TRustee goes out of the way to point out it did not make a Motion against MNAT
http://petters-fraud.com/ust_response_3rd_cir_alber_appeal_07_2360_1st_footnote_no_mnat.pdf
[br]

[center]CONCLUSION[/center]

If Goldman Sachs is able to pull this stunt off, by getting Trump to nominate GSachs crony law firm, of Sullivan & Cromwell's, associate, to be head of the S.E.C., it is akin to Frank Nitti running the Department of Justice;which - most assuredly - would meaan neither the DoJ or any other part of the systems of justice would never - even investigate - much less prosecute, Goldman Sachs, Sullivan Cromwell, or MNAT, for RICO or frauds.
[br]
January 5, 2017

Goldman Sachs & Sullivan Cromwell, could go down for RICO

That is, if there were any decent, public servants, who would do their dang job. For a decade plus, now, the DoJ & SEC have been burying the case of Bain Capital & Goldman Sachs partnership in the frauds of The Learning Company, eToys and Fingerhut; which includes the shut down of the Public Corruption Task Force and a dead brother (Marty Lackner) of Minnesota Assistant United States Attorney James Lackner (who, purportedly, presided over the Criminal Division overseeing the Tom Petters Ponzi scandal_.

Sullivan & Cromwell's Walter Clayton has been nominated, by Trump, to head the S.E.C.; and it is a fact Clayton is a former Goldman Sachs guy, and his wife is still at Goldman Sachs.

Therefore, any chance to bring Goldman Sachs and Sullivan & Cromwell, to justice, for eToys frauds - is Kaput!

In 1997, Goldman Sachs partnered with Bain Capital, to get involved with The Learning Company (general info - HERE); and then the MNAT law firm handled the merger of The Learning Company with Mattel, in 1999; which resulted in, near instant, catastrophic losses, for Mattel investors, in the billions of dollars. (Please see my previous story at DailyKos, on the subject, in 2012 http://www.dailykos.com/story/2012/4/4/1080722/-Bain-Pain-s-The-Learning-Company-In-1-Year-Mattel-Lost-3-Billion )

Here's the Wikipedia link (here) = that states;

Mattel purchased the company in 1999 for $3.8 billion from entrepreneur Kevin O'Leary,[2] renaming it "Mattel Interactive", in what has been called one of the worst acquisitions in corporate history.[3] Mattel sold Learning Co. to Gores Technology Group, receiving $27.3 million for the unit.


Stanford listed The Learning Company deal with Mattel, as one of the worst corporate mergers, of all time;


Mattel Inc. on Thursday closed the books on what has been called one of the worst acquisitions in corporate history, announcing a $122-million settlement with shareholders over its ill-fated purchase of Learning Co. --
Mattel bought the software company in 1999 for about $3.5 billion, a price that many observers considered too steep. As the unit began to bleed money, ultimately costing Mattel more than $1 million a day, the company's stock began to crumble, eventually falling more than 65%.


NOBODY has ever reported on the fact of Mitt Romney owning The Learning Company
(chances are, this is because, prior to the 2003 Governorship - no one knew who Mitt was)

[br]

[center]



[/center]

Also in 1999, Goldman Sachs took eToys public; and then did a pump-n-dump, stock fraud "Spinning" scheme for $600 million.

Please see New York Times March 2013 article, by Joe Nocera "Rigging the IPO Game" - stating....

The plaintiffs charge that Goldman Sachs had a fiduciary duty to maximize eToys’ take from the I.P.O. Instead, Goldman purposely set an artificially low price, so that its real clients, the institutional investors clamoring for the stock, could pocket that first-day run-up. According to the suit, Goldman then demanded that some of those easy profits be kicked back to the firm. Part of their evidence for the calculated underpricing of eToys, according to the plaintiffs’ complaint, was that Lawton Fitt, the Goldman executive who headed the underwriting team and was thus best positioned to gauge the market demand, actually made a bet with several of her colleagues that the price would hit $80 at the opening. (Through a Goldman Sachs spokesman, Fitt declined to comment. Goldman denies that it did anything wrong, about which more shortly.)


and

Goldman carefully calculated the first-day gains reaped by its investment clients. After compiling the numbers in something it called a trade-up report, the Goldman sales force would call on clients, show them how much they had made from Goldman’s I.P.O.’s and demand that they reward Goldman with increased business. It was not unusual for Goldman sales representatives to ask that 30 to 50 percent of the first-day profits be returned to Goldman via commissions, according to depositions given in the case.

“What specifically do you recall” your Goldman broker wanting, asked one of the plaintiffs’ lawyers in a deposition with an investor named Andrew Hale Siegal.

“You made $50,000, how about $25,000 back?” came the answer. “You know, you made a killing.”


[br]
[center][font size=4] Sachs & Bain lawyer arranged to be corrupt U.S. Attorney[/font][/center]
[br]
To make sure no one would be prosecuted for the racketeering crimes (including bankruptcy fraud, scheme to fix fees, retaliation against victim/witness, mail/wire fraud, bribery and perjury) the culprits arranged for an MNAT law firm partner (Colm Connolly) to become the U.S. Attorney, over the very cases in question.



[br]
,
I'm the eToys top dog who was usurped after I turned down their bribery offer and was taken out by lies under oath, venal deals by/of federal officials, cronyism, cover ups and other acts of racketeering and corruption (see Wall Street Journal article July 2005, "eToys investors claim conflict of interest at law firm".

Before they succeeded in the schemes & artifices to replace me, with a Bain Capital crony (Barry Gold), we had authorized the lawsuit of eToys v Goldman Sachs, in New York Supreme Court (case 601805/2002) which is the one NYT reporter, Joe Nocera, mentions, in his "Rigging the IPO Game" article.

The case of eToys (renamed ebc1, once Bain Capital/Kay Bee stole our eToys) versus Goldman Sachs, was settled by the law firm lying under oath to conceal the fact MNAT (Goldman Sachs lawyer) nominating Paul Traub (a partner of Tom Petters Ponzi and NY fraudster lawyer Marc Dreier) to sue Goldman Sachs, was - in essence - Goldman Sachs suing Goldman Sachs.

Instead of settling for $600 million, to 1 billion (if they hadn't took me out of control, fraudulently) - the parties settled the case for $7.5 million; and Sullivan & Cromwell was in on the frauds.

The proof of the crimes - are ALL - public docket records (but who will do the investigation and prosecution, now that Trump has picked those guilty, to be the ones in charge of the watchdog agency).


http://petters-fraud.com/mnat_consent_mattel_learningco_merger.pdf

[br]

Profile Information

Name: Laser Haas
Gender: Do not display
Hometown: Anywhere USA
Home country: United States
Current location: NOMADIC
Member since: Mon Apr 21, 2008, 01:12 PM
Number of posts: 7,805

About laserhaas

Love BB, Laser Tag, Poker (Tournaments only). Work with Occupy camps. Willing to help you in your fight for justice (let's discuss it).
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