Indeed, the New York Post became one of La Cosa Nostra’s principal smuggling operations.

* * * * * * * *

The other members of the “group” — David Rocker, Steve Cohen of SAC Capital, Jim Chanos of Kynikos Associates, and Dan Loeb of Third Point – have been discussed at length on this website. In upcoming installments, I will tell you more about them and others in their network.

They are all “prominent investors.”

To be continued

………………………………………………………….

I’m wondering if this story has anything to do with it:
Newspapers Raided: Police Raid New York Newspaper Offices For Union Corruption Probe

http://www.huffingtonpost.com/2009/11/17/newspaper-mail-deliverers_n_361139.html

It’ seems to be all mafia related.

Help me out here. These people want him dead because they lost money. What’s up with that? How is that any different than the millions that lost life savings in BSC, what about LEH, FNM, FRE, AIG, etc, etc, etc. Oh they’ll say Madoff stole it. Well they handed over the funds willingly. Where is the theft in that? They’ll say cause he lied about the financial operations. How is that any different than AIG, LEH, BSC, FNM, FRE???

Again, this is just silly. Ok so then they’ll point to the illegality of the ponzi scheme. Wait a minute, how can a ponzi scheme be illegal if our own government is running the biggest one ever constructed? And unlike Madoffs ponzi, social security isn’t voluntary. So if you believe Madoff is a thief, what is our government? TEN TIMES WORSE. You want to stone Madoff, what should we be doing with our government?

SCREW POLITICS AS ASSOCIATED WITH THE AVERAGE “JOE SIX PACK” PUBLIC INVESTOR!!!!

Marv Eatinger

Anonymous Says:
February 21st, 2009 at 5:21 pm
Bottom line…Not only did the SEC look the other way, so did Congress……BOTH SIDES…

http://www.investigatethesec.com/drupal-5.5/?q=StockgateToday

Fire Chairman Cox, What about Firing an Enabling
Congress? January 6, 2009

David Patch

The NY Post headlines today read ‘CONGRESS PROBES HOW SEC BLEW IT’. This in response to a voluntary House Financial Services Committee hearing held yesterday to interview witnesses regarding the Bernie Madoff Ponzi scheme. It is the $50 Billion Madoff Ponzi scheme that has been the most recent nail in the coffin for our nations top securities regulator as the SEC missed detection of the scheme for better than a decade despite red flags and outside complaints and allegations that such a scheme was taking place.

But while this hearing had its high points it was more a disappointment to those smart enough to understand what the capital market regulatory structure consists of.

Called in to testify with regards to the SEC’s shortcomings with regards to Bernie Madoff was not SEC Chairman Chris Cox or any of the four appointed Commissioners. Called in to testify was not Linda Thomsen, Director of the Division of Enforcement or any of his top staff members. Called in to testify was not Lori Richards, Director of the SEC’s Office of Compliance Inspections and examinations or any of her staff. Nope, who the House Financial Services Committee on Capital Markets called in to testify was David Kotz Inspector General for the Securities and Exchange Commission.

Now well not everybody from the investing public should understand the role an Inspector General plays in our federal government you would expect that the House Financial Services Committee with responsibility for oversight of the US capital markets and the Securities and Exchange Commission would understand what role this office plays. In fact, just in case the Committee members were unclear, OIG Kotz opened up his presentation identifying to the members and the public exactly who he is and what role he plays at the SEC.

Kotz plays the role equivalent to internal affairs at a police department. He responds to and investigates claims of wrong doing by employees of the Commission and their contractors and provides reports and recommendations based on those findings. Repeatedly Kotz reminded the members that his office only responds to complaints filed against the SEC and is not part of the SEC organizational structure that goes out to member firms and investment advisors and audits these business operations. He inspects and audits only those who inspect and audit but Congress was not listening.

Unfortunately it took nearly 3 hours of the 3.5 hour session for the members to grasp this concept as one by one the members sat up in their seats when called upon and postured for their constituents by belaboring over why David Kotz and his office did not respond to the red flags presented to the Commission. How could David Kotz and his predecessor miss such warnings and allow so many victims to lose their life savings?

It was embarrassing to witness the uninformed members of the House Financial Services committee speak. Clearly few knew even the remotest thing about what they spoke and were speaking from the note cards provided them by equally misinformed staffers. The members sounded sincere in their concern for the victims; at least sincere enough to get a few more contributions from constituents, but what they said was child speak, valueless grandstanding at a time when leadership was required.

For 3.5 hours the members voiced little substance and exposed what little they really knew about our capital markets and how it is regulated.

By the third hour the members finally realized that they were addressing the wrong person but by then it was too late. All credibility was lost long before Pennsylvania Representative Paul Kanjorski, Committee Chair closed the session for this witness panel.

A campaign point each member fit into their rhetoric was that of how and why could an agency like the SEC miss what was happening. How did this all happen despite the red flags and despite the written and detailed complaints filed by third parties who investigated the matters? After repeated questioning as to whether there were people complicit within the SEC or whether a quid pro quo was pulled on behalf Madoff one Representative Brad Sherman finally asked whether OIG Kotz whether he thought the entire SEC staff should all tender their resignations. Out of political correctness the question was just as quickly rescinded.

For me I would follow up that question and ask, why haven’t the American people started asking the same about our distinguished members of Congress?

Congress has oversight over the SEC as well as the capital markets and what has been abundantly clear since the days of Eliot Spitzer; the SEC has been asleep at the switch when it comes to detecting and brining enforcement to major players in white collar fraud. Where were the House Financial Services Committee members and the Senate Banking Committee members who were expected to oversee and make the necessary adjustments after the SEC was first exposed as being captured?

In 2003 a petition went up, http://www.investigatethesec.com, that accused the SEC of regulator bias and mismanagement pertaining to Wall Street fraud. More than ten thousand investors signed the petition and those names were presented to Congress. Records show that members of Congress monitored the site making it impossible to deny they were aware of public sentiments regarding the SEC’s performance.

Did Congress act on the concerns presented or did they act as they accused the SEC of acting; irresponsibly?

Like the SEC’s failure to act on Madoff evidence, the members of Congress failed to take the issues seriously and limited their efforts to mere window dressing. The members solicited aides to write letters to the SEC on behalf of their constituents and asked for explanations into certain dealings caring not what the response would be. When responses were returned from the SEC the members simply wrote them off as acceptable despite glaring evidence that the response was pure fiction. A response comprised of fiction should be a red flag but Congress ignored them.

By 2005 more sites dedicated to the SEC failures developed. One site in particular focused on presenting the arguments that the SEC was a captured regulator of Wall Street and sought out to prove just that. The site, http://www.deepcapture.com was likewise well read by Congress and provided documented evidence of fraud that was being purposely overlooked by the SEC.

Even still, Congress allowed the SEC to do what they do. Annual Congressional oversight hearings on the state of the US Capital markets, on hedge funds, and on investor protection were met with little fan fare and little focus on what was being missed or how the public perceived the performance of the SEC. Change was not forthcoming because congress played down the need for change.

Today everybody wants to blame the subprime fiasco, the banking blowups, the federal bailout, everything wrong with the US economy and our capital markets on greed. They would be right in their assertions but not all inclusive in directing responsibility.

Yes the banks, yes Madoff, yes the hedge funds, all failed us due to the need for self-enrichment by greedy CEO’s and investment managers. But Congress likewise is to blame for putting the interests of this nation at risk for the almighty dollar. The dollar that comes to them as a campaign contribution and the dollar that comes as a perk from a friendly lobbyist.

The Congressional oversight committees failed to reel in a sinking federal agency because it was not in their self-interests to take charge. Too much personal money would be lost in necessary change.

While the present SEC Commissioners are relatively new to their respective posts that cannot be said about the present members of Congress. These members in capital market oversight should not be asking whether it would be prudent for each of the SEC staff to tender their resignations. Instead, these members should be considering

tendering theirs.

Then again,

Monday was voting day on Capital Hill as Congressional raises were up for the taking. In a year where our nation’s economy suffered so dearly, and a year where Congress put every employee at risk of losing their job, these members voted on whether to take a cost of living pay raise at taxpayer expense.

In the wake of Congressmen labeling CEO’s across this country as greedy and irresponsible this Congress simply took more money.

Fire em.

Fire em all!

—– Original Message —–
From: marv eatinger
To: oig@sec.gov ; hawked@sec.gov ; chairmanoffice@sec.gov ; fraud@gao.gov ; casework@grassley.senate.gov ; lee@leeterry.com
Sent: Sunday, January 25, 2009 1:22 PM
Subject: SEC REGULATORY CONTROL CONCERNING UNITED STATES EQUITY MARKETS?

Dear SEC OFFICE OF INSPECTOR GENERAL:

I have never received a reply to your email dated january 12, 2009 10:24 AM.

Marv Eatinger
========================================================================================================

—– Original Message —–
From: OIG
To: marv eatinger
Sent: Monday, January 12, 2009 10:24 AM
Subject: RE: WHAT EVER HAPPENED TO DEMOCRATIC CAPITALISM AND REGULATORY CONTROL IN ORDER TO INSURE CREDIBILITY IN UNITED STATES PUBLIC EQUITY MARKETS??????????

Dear Mr. Eatinger,

Thank you for your recent emails to the Office of Inspector General. We appreciate your bringing the information contained in your email to our attention. We will review the information you have provided and will reply back to you.

Sincerely,

Natasha Dandridge
Legal Assistant
On behalf of the Office of Inspector General

of the U.S. Securities and Exchange Commission

——————————————————————————–

From: marv eatinger [mailto:maeating@aol.com]
Sent: Tuesday, January 06, 2009 11:49 AM
To: OIG; Hawke, Daniel; CHAIRMANOFFICE; fraud@gao.gov; casework@grassley.senate.gov; Casey, Kathleen; aguilarl@sec.gov; Paredes, Troy A.; Walter, Elisse; CFLETTERS; “brandon barford”
Cc: Kara.scannell@wsj.com
Subject: Fw: WHAT EVER HAPPENED TO DEMOCRATIC CAPITALISM AND REGULATORY CONTROL IN ORDER TO INSURE CREDIBILITY IN UNITED STATES PUBLIC EQUITY MARKETS??????????

JOANNE: UNDERSTAND THAT THE INFORMATION THAT I SENT TO JENSVOLD IN THE SEPTEMBER 19, 1998 FED EX PACKAGE, INCLUDED COPIES OF THE “NON-PUBLIC” COMPUTER PRINT OUT SENT TO ME BY MISTAKE BY THE SEC. THESE COPIES SHOWED HOW MARIO V. MIRABELLI MANIPULATED DALECO’S PUBLIC FILINGS FOR 1983, 1984, 1985, 1986, 1987 & 1988 INTO DIFFERENT BRANCHES OF THE SEC DIVISION OF CORPORATION FINANCE IN ORDER TO CIRCUMVENT SEC SCRUTINY!

THE FOLLOWING CERTIFIED LETTERS TO THE WALL STREET JOURNAL (ALLANNA SULLIVAN) ALSO DISAPPEARED WITHOUT A TRACE, TRACERS WERE SENT AND CAME BACK “NO RECORD”:

AUG. 1, 1998 – Z576952930, OCT. 6, 1998 – Z185651154, FEB. 19, 1999 – Z576951152 & MARCH 17, 1999 – PRIORITY MAIL #0304 79900002 7769 4274. REGISTERED LETTER #R829468548 TO WALL STREET JOURNAL (ALLANNA SULLIVAN) RECEIPT CAME BACK WITH “NO” RECEIVED DATE.

FEDERAL EXPRESS PACKAGE TO ROBERT SKIRNICK DATED JAN. 11, 1999 TRACKING NO. 809575017901 TO MEREDITH COHEN GREENFOGEL & SKIRNICK NEW YORK – PROOF OF DELIVERY CAME BACK SHOWING THAT “M FUKIN” AT 63 WALL STREET ON JAN. 12, 1999 at 10:24 AM RECEIVED AND SIGNED FOR THIS PACKAGE. “M FUKIN” NEVER WORKED FOR MEREDITH COHEN GREENFOGEL & SKIRNICK AND ROBERT SKIRNICK NEVER RECEIVED MY FEDERAL EXPRESS PACKAGE AND FEDERAL EXPRESS WOULD NEVER VIA THEIR COMPLAINT PROCESS EXPLAIN WHAT HAPPENED TO THIS PACKAGE RECEIVED BY “M FUKIN”!

ALL OF THE ABOVE COMMUNICATIONS HAD A COPY OF THE “NON-PUBLIC” COMPUTER PRINT OUT SENT TO MARV EATINGER BY THE SEC MISTAKE IN 1991.

==============================================================================
—– Original Message —–
From: marv eatinger
To: fraudnet@gao.gov
Sent: Monday, October 23, 2000 8:35 AM
Subject: Fw: DALECO RESOURCES CORPORATION (otc-dlov)

—– Original Message —–
From: marv eatinger
To: oig@sec.gov
Sent: Tuesday, October 17, 2000 9:34 PM
Subject: DALECO RESOURCES CORPORATION (otc-dlov)

I received a letter dated October 5, 1998, from Jon D. Jensvold in answer to my letter dated September 11, 1998. He stated that based upon his review of my letter dated September 11, 1998, (received on September 21, 1998) that he could discern no indication of misconduct on the part of any employees of the Securities and Exchange Commission while employed at the Commission. This was all in regards to a public company named Daleco Resources Corporation which was listed on the NASDAQ stock exchange. He further stated that the documents indicate, however, that a former Commission employee, Mario V. Mirabelli, who left the Commission in 1973, may have engaged in misconduct while employed in the private sector from the mid-1980′s to 1991.

I have had a conversation with a former branch manager in the Division of Corporate Finance. The consensus of opinion seems to be that inside (SEC employee) help was necessary in order to guarantee that Daleco Resources Corporation filing sequence with the SEC would not be derailed.

I am pursuing this possibility. If I come up with concrete proof of SEC employee participation in this fraud I will relay this information the SEC.

Sincerely,
Marv Eatinger

http://bailoutsleuth.com/

http://www.investigatethesec.com/drupal-5.5/?q=StockgateToday

Fire Chairman Cox, What about Firing an Enabling
Congress? January 6, 2009

David Patch

The NY Post headlines today read ‘CONGRESS PROBES HOW SEC BLEW IT’. This in response to a voluntary House Financial Services Committee hearing held yesterday to interview witnesses regarding the Bernie Madoff Ponzi scheme. It is the $50 Billion Madoff Ponzi scheme that has been the most recent nail in the coffin for our nations top securities regulator as the SEC missed detection of the scheme for better than a decade despite red flags and outside complaints and allegations that such a scheme was taking place.

But while this hearing had its high points it was more a disappointment to those smart enough to understand what the capital market regulatory structure consists of.

Called in to testify with regards to the SEC’s shortcomings with regards to Bernie Madoff was not SEC Chairman Chris Cox or any of the four appointed Commissioners. Called in to testify was not Linda Thomsen, Director of the Division of Enforcement or any of his top staff members. Called in to testify was not Lori Richards, Director of the SEC’s Office of Compliance Inspections and examinations or any of her staff. Nope, who the House Financial Services Committee on Capital Markets called in to testify was David Kotz Inspector General for the Securities and Exchange Commission.

Now well not everybody from the investing public should understand the role an Inspector General plays in our federal government you would expect that the House Financial Services Committee with responsibility for oversight of the US capital markets and the Securities and Exchange Commission would understand what role this office plays. In fact, just in case the Committee members were unclear, OIG Kotz opened up his presentation identifying to the members and the public exactly who he is and what role he plays at the SEC.

Kotz plays the role equivalent to internal affairs at a police department. He responds to and investigates claims of wrong doing by employees of the Commission and their contractors and provides reports and recommendations based on those findings. Repeatedly Kotz reminded the members that his office only responds to complaints filed against the SEC and is not part of the SEC organizational structure that goes out to member firms and investment advisors and audits these business operations. He inspects and audits only those who inspect and audit but Congress was not listening.

Unfortunately it took nearly 3 hours of the 3.5 hour session for the members to grasp this concept as one by one the members sat up in their seats when called upon and postured for their constituents by belaboring over why David Kotz and his office did not respond to the red flags presented to the Commission. How could David Kotz and his predecessor miss such warnings and allow so many victims to lose their life savings?

It was embarrassing to witness the uninformed members of the House Financial Services committee speak. Clearly few knew even the remotest thing about what they spoke and were speaking from the note cards provided them by equally misinformed staffers. The members sounded sincere in their concern for the victims; at least sincere enough to get a few more contributions from constituents, but what they said was child speak, valueless grandstanding at a time when leadership was required.

For 3.5 hours the members voiced little substance and exposed what little they really knew about our capital markets and how it is regulated.

By the third hour the members finally realized that they were addressing the wrong person but by then it was too late. All credibility was lost long before Pennsylvania Representative Paul Kanjorski, Committee Chair closed the session for this witness panel.

A campaign point each member fit into their rhetoric was that of how and why could an agency like the SEC miss what was happening. How did this all happen despite the red flags and despite the written and detailed complaints filed by third parties who investigated the matters? After repeated questioning as to whether there were people complicit within the SEC or whether a quid pro quo was pulled on behalf Madoff one Representative Brad Sherman finally asked whether OIG Kotz whether he thought the entire SEC staff should all tender their resignations. Out of political correctness the question was just as quickly rescinded.

For me I would follow up that question and ask, why haven’t the American people started asking the same about our distinguished members of Congress?

Congress has oversight over the SEC as well as the capital markets and what has been abundantly clear since the days of Eliot Spitzer; the SEC has been asleep at the switch when it comes to detecting and brining enforcement to major players in white collar fraud. Where were the House Financial Services Committee members and the Senate Banking Committee members who were expected to oversee and make the necessary adjustments after the SEC was first exposed as being captured?

In 2003 a petition went up, http://www.investigatethesec.com, that accused the SEC of regulator bias and mismanagement pertaining to Wall Street fraud. More than ten thousand investors signed the petition and those names were presented to Congress. Records show that members of Congress monitored the site making it impossible to deny they were aware of public sentiments regarding the SEC’s performance.

Did Congress act on the concerns presented or did they act as they accused the SEC of acting; irresponsibly?

Like the SEC’s failure to act on Madoff evidence, the members of Congress failed to take the issues seriously and limited their efforts to mere window dressing. The members solicited aides to write letters to the SEC on behalf of their constituents and asked for explanations into certain dealings caring not what the response would be. When responses were returned from the SEC the members simply wrote them off as acceptable despite glaring evidence that the response was pure fiction. A response comprised of fiction should be a red flag but Congress ignored them.

By 2005 more sites dedicated to the SEC failures developed. One site in particular focused on presenting the arguments that the SEC was a captured regulator of Wall Street and sought out to prove just that. The site, http://www.deepcapture.com was likewise well read by Congress and provided documented evidence of fraud that was being purposely overlooked by the SEC.

Even still, Congress allowed the SEC to do what they do. Annual Congressional oversight hearings on the state of the US Capital markets, on hedge funds, and on investor protection were met with little fan fare and little focus on what was being missed or how the public perceived the performance of the SEC. Change was not forthcoming because congress played down the need for change.

Today everybody wants to blame the subprime fiasco, the banking blowups, the federal bailout, everything wrong with the US economy and our capital markets on greed. They would be right in their assertions but not all inclusive in directing responsibility.

Yes the banks, yes Madoff, yes the hedge funds, all failed us due to the need for self-enrichment by greedy CEO’s and investment managers. But Congress likewise is to blame for putting the interests of this nation at risk for the almighty dollar. The dollar that comes to them as a campaign contribution and the dollar that comes as a perk from a friendly lobbyist.

The Congressional oversight committees failed to reel in a sinking federal agency because it was not in their self-interests to take charge. Too much personal money would be lost in necessary change.

While the present SEC Commissioners are relatively new to their respective posts that cannot be said about the present members of Congress. These members in capital market oversight should not be asking whether it would be prudent for each of the SEC staff to tender their resignations. Instead, these members should be considering

tendering theirs.

Then again,

Monday was voting day on Capital Hill as Congressional raises were up for the taking. In a year where our nation’s economy suffered so dearly, and a year where Congress put every employee at risk of losing their job, these members voted on whether to take a cost of living pay raise at taxpayer expense.

In the wake of Congressmen labeling CEO’s across this country as greedy and irresponsible this Congress simply took more money.

Fire em.

Fire em all!