Goldman Sachs & Sullivan Cromwell, could go down for RICO

[laserhaas]

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)

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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.”

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[center][font size=4] Sachs & Bain lawyer arranged to be corrupt U.S. Attorney[/font][/center]
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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.



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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

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0 votes, 0 passes | Time left: Unlimited
	Goldman Sachs will never be prosecuted for doing Wall Street Fraud
	0 (0%)
	Bain Capital is above the Law
	0 (0%)
	Sachs & Bain owning a U.S. Attorney, is par for the course
	0 (0%)
	Law firms like Sullivan & Cromwell also are, above the law
	0 (0%)
	The MNAT law firm, took out Howards Hughes, taking out eToys, was childs play
	0 (0%)
	As long as they don't steal from people directly - no one cares
	0 (0%)
	The SEC is the Selective Enforcement Cronies
	0 (0%)
	All of the Above
	0 (0%)
	Justice, one day soon, may - finally - come
	0 (0%)
	Who Cares
	0 (0%)
	0 DU members did not wish to select any of the options provided.
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[laserhaas]

1. Why be a journalist

If you are going to say ...to me

It is all so corrupt, there's no needvto report about it.

Shheeessshhh

[laserhaas]

2. Seems the poll voters ...agree

Sad state of affairs

[laserhaas]

3. GOP wants to Fats-Track Trump's pick for SEC

and we've got proof whythat should not be