Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 10 of 15)


    What follows is PART 10 of a 15-PART series. The remaining installments will appear on Deep Capture in the coming days, after which point the story will be published in its entirety.

    Click here to read PART 1

    Click here to read PART 2

    Click here to read PART 3

    Click here to read PART 4

    Click here to read PART 5

    Click here to read PART 6

    Click here to read PART 7

    Click here to read PART 8

    Click here to read Part 9

    Where we left off, we had learned that on March 29, 2007, an FDA advisory panel had voted overwhelmingly that Dendreon’s promising treatment for prostate cancer should be approved. As a result, most financial analysts and investors were expecting that Dendreon would become a profitable company. However, ten hedge funds (out of a universe of 11,500 hedge funds) held large numbers of Dendreon put options (bets against the company), suggesting they had reason to believe that Dendreon would be derailed. At least seven of those hedge funds can be tied to Michael Milken or his close associates.

    We had also learned that Michael Milken himself stood to profit if Dendreon were to experience any unexpected problems receiving FDA approval. This is because Milken was the early financier and principal deal maker for ProQuest Investments, a fund that (along with an affiliate) controlled a company called Novacea, which was one of Dendreon’s competitors in the race to produce a new treatment for prostate cancer. Meanwhile, a Milken crony, Lindsay Rosenwald (who once helped run D.H. Blair, a Mafia-linked brokerage which specialized in pumping and dumping fake biotech companies) controlled Cougar Biotechnology, which was Dendreon’s second competitor in the race to develop a treatment for prostate cancer. In addition, we had learned that Milken’s “philanthropic” outfit, the Prostate Cancer Foundation, had supported Novacea and Cougar, while turning its back on Dendreon.

    Finally, we had learned that on April 13, 2007, The Cancer Letter, a newsletter with a record of publishing information leaked from the FDA in the service of select Wall Street hedge funds, published another FDA leak. This leak was a letter written to the FDA from a doctor named Howard Scher, who was a board member and executive of ProQuest Investments and the chairman of the “Therapeutic Consortium” of Milken’s Prostate Cancer Foundation. In that letter (an unprecedented attempt to lobby the FDA after an advisory panel had already voted), Dr. Scher argued vehemently that Dendreon’s treatment should not be approved.

    One of Dr. Scher’s principal arguments against Dendreon was that the FDA advisory panel had improperly “changed the question” regarding the efficacy of Dendreon’s treatment. As we saw in Chapter 9, that claim was false, and Dr. Scher’s other arguments were specious.

    But Dendreon’s enemies continued to whisper in reporters’ ears about this issue of “the question,” and the unprecedented lobbying of the FDA continued.

    Now we meet another conflicted doctor and the sixth of those seven hedge funds that bet big against Dendreon right before the lobbying began….

    * * * * * * * *

    On April 20, three weeks after the advisory panel vote, and one week after Dr. Scher’s missive appeared in The Cancer Letter, Forbes journalist Matthew Herper published a story arguing that there was a good chance the FDA would not approve Dendreon’s cancer treatment outright. “If the agency wants to ask Dendreon for more data, it certainly has some outs,” Herper wrote. “The FDA changed the wording of the question…”

    Three days later, Dr. Maha Hussain, one of the panel doctors who had quickly voted “No” on the bogus question, wrote a letter to the FDA arguing that Dendreon’s treatment should not be approved. This letter, like Dr. Scher’s, was addressed to FDA commissioners and was presumably confidential. And this letter, like Dr. Sher’s, found its way to The Cancer Letter, which posted it for all to see just three days after it was written.

    Dr. Hussain’s arguments were precisely the same as those employed by Dr. Scher and the whispering folks on Wall Street. “The recommendations for approval…are based on data that can only be characterized as best as ‘suggestive’ of possible benefit,” she wrote. “From the scientific and procedural aspects, in general, it would seem that at the end of the day what should determine a positive verdict in any therapeutic trial is the strength of the evidence as critically reviewed by an Advisory Committee…with clear guidance on the question posed to the committee within the framework of the regulatory guidelines and requirements of the FDA for approval.” [Italics mine]

    That is, Dr. Hussain—like Dr. Scher, the singing Sendek, and whoever was feeding the journalist Matthew Herper–was suggesting that the FDA panel had voted on the “wrong question.”

    Meanwhile, Jonathan Aschoff, the physician-impersonating financial analyst who’d set a target for Dendreon’s stock price to reach a mere $1.50, was telling journalists that the FDA panel would not have voted to approve Dendreon’s treatment if it weren’t for the “substantial” rewording of “the question.” On April 25, Aschoff issued another damaging report, this one asserting, once again, that the FDA would ignore its panel because the panel had voted on the “wrong  question.”

    By this time Dendreon supporters were busily circulating transcripts showing that the FDA panelists had, in fact, voted on the legal question. The supporters had also discovered Dr. Scher’s ties to Novacea, Cougar Biotechnology, Proquest, and Michael Milken, and began explaining to all and sundry that ProQuest and Novacea would cash in if Dendreon were not approved. Moreover, the supporters had revealed that Dr. Hussain, the second letter writer, had also done work for the Milken-invested Novacea, and was a member of the “Therapeutic Consortium” of Milken’s Prostate Cancer Foundation.

    On April 26, Matthew Herper of Forbes published another article – this one repeating the arguments in Dr. Hussain’s letter. Herper, who had been told about Scher’s conflicts of interest, had apparently decided to investigate. This investigation seemed to have involved nothing more than asking Dr. Scher if he had any conflicts of interest. In his April 26 article, Herper  reported that Scher’s spokesman said “that Scher had nothing to do with his letter leaking [and appearing in The Cancer Letter], and that he knew of no family members who would benefit financially either way if Provenge were approved.”

    To reinforce Scher’s credibility, and to make Dendreon’s supporters look silly, Herper added that the supporters had alleged that “Scher’s wife works for a hedge fund that might be short Dendreon…This is not true. She works in human resources for a nursing home company that could not conceivably benefit materially from any news about Dendreon.”

    Aside from ignoring Scher’s ties to Milken’s ProQuest Investments, which would profit handsomely if Dendreon were not approved, Herper misconstrued the information about Scher’s wife. The truth was, Dendreon’s supporters had revealed that Scher’s wife had a cousin, Barry Lafer, who was a hedge fund manager. Phone records legally obtained by Deep Capture show that Scher called Lafer, at his office, on April 23, while Herper’s article was in the works.

    But the main point of Herper’s article was that “all this debate” (i.e. the Wall Street whispering and the conjectures of two conflicted doctors) made “Dendreon an even riskier stock than other biotechs.” Herper added that according to unnamed “others,” Dendreon’s “studies do not rise to the level usually required for approval.”

    Besides being false, this was another way of suggesting that the FDA panelists, all experts in their field, voted in favor of Dendreon because they had misunderstood the standards for approval. They had been asked the “wrong question.”

    On April 29, Bloomberg News reported that Dendreon’s shares were being sold at “a record pace” as investors “bet the company’s experimental prostate-cancer drug will fail to win approval from U.S. regulators.”

    Then, on May 4, there was yet another letter.  This one was from a University of Washington biostatistician named Dr. Thomas Fleming. It is perhaps noteworthy that Fleming had done work for Gerson Lehrman, an outfit that is owned by former hedge fund managers.

    Gerson Lehrman has a remarkable business model which can best be described as “institutionalized bribery.” Clients, mostly hedge funds, hire Gerson to put doctors and other experts on the payroll. In exchange for the payments, the doctors agree to provide hedge funds with “insight” (some say they provide inside information) about clinical trials of drugs that are marketed by public companies. The doctors also agree to talk to reporters (and perhaps also to the FDA) about these drugs. In at least one case it has been clearly established that these hired sources lied (which could well explain, of course, why they were hired).

    Like the letters from Dr. Scher and Dr. Hussain, within days of its creation Dr. Fleming’s missive miraculously ended up in the hands of The Cancer Letter, which eagerly published it.

    “Reportedly Scher felt motivated to write the letter after being kept awake the night following the [advisory panel],” wrote Dr. Fleming. “I also was kept awake the night following the panel.”

    In addition to knowing about Dr. Scher’s sleeping habits, Dr. Fleming shared Dr. Scher’s concern that approving Dendron’s treatment might derail Asentar, the drug that was being developed by Milken’s Novacea. How “could one defend internal consistency at FDA if [Provenge] were to be approved before the [Asentar] trial?” Fleming asked.

    By this time, Dendreon’s supporters (a rambunctious bunch) were screaming and howling about the dishonesty of those who had suggested that the advisory panel had been asked the “wrong question.” So the party line changed a bit. Now it was that the panelists who had voted in Dendreon’s favor must have been somehow confused. Dendreon trials did not “provide ‘substantial evidence of efficacy’, Dr. Fleming wrote. “Rather at best, these trials provide plausibility of efficacy…”

    I’ll leave it to the reader to parse the difference between “plausibility” and “substantial evidence.” But clearly, this letter was yet another strange occurrence.

    Four days later – May 8, 2007 — the FDA told Dendreon that it was rejecting the company’s application for Provenge, a paradigm-shattering vaccine for those terminally ill with prostate cancer.

    * * * * * * * *

    The SEC’s partial data shows that more than 12 million Dendreon shares “failed to deliver” on May 10, 2007.  Traders are given three days to produce stock before their trades are registered as “failures to deliver,” so it is clear that hedge funds had sold the 12 million shares of phantom stock on May 7 — the day before the FDA made its decision. This suggests that somebody was aware of this imminent decision. We don’t know who engaged in that naked short selling because, as far as the SEC is concerned, it’s a big secret.

    But we do know that a mere 10 hedge funds held large numbers of put options (a bet that the stock price would fall) as of March 31, a few days after the advisory panel’s nearly unanimous vote in Dendreon’s favor. Obviously, these were hedge funds with remarkable foresight concerning a long-shot event (the FDA’s decision to go against the overwhelming recommendation of its advisory panel to approve a drug for terminally ill cancer patients). Seven of those hedge funds belong to a mischievous Wall Street network that is known for its foresight – and for attacking companies that, coincidentally, are victims of illegal naked short selling.

    Five of these hedge funds I have already named. All have ties to Michael Milken or his close associates. Some have ties to the Mafia. They are: Bernard L. Madoff Investment Securities, Perceptive Advisors, Millennium Capital, Steve Cohen’s Sigma Capital, and Pequot Capital.

    In preparation for naming the sixth, we need to hearken back to September 2001, when two airplanes crashed into the twin towers of the World Trade Center, one crashed into the Pentagon, and a fourth dove into a field in Pennsylvania. On the day before that attack, a short seller named Anthony Elgindy called his broker and ordered him to liquidate one of his accounts, giving the explanation that a big event was about to occur. Mr. Elgindy said that on the following day (that is, on September 11, 2001) the market was going to  lose two-thirds of its value.

    After the 9-11 attacks, that broker notified the FBI of Elgindy’s eerie prediction, and the FBI launched an investigation. In the course of this investigation, the government learned  that Elgindy had sold massive amounts of phantom stock, and that he routinely blackmailed and threatened companies that he was selling short. The government also learned that Elgindy had ties to terrorist outfits in the Middle East, and for a time prosecutors argued in court that Elgindy had advance knowledge of the 9-11 disaster.

    Ultimately, though, Elgindy was convicted and sentenced to 11 years in prison for the more demonstrable crimes of stock manipulation and paying bribes to two FBI officials who fed him information from the FBI’s National Crime Information System (one of those FBI agents actually kept Elgindy informed of the progress of the investigation into Elgindy’s connection to the 9-11 attacks). In June, 2009, it was learned that the SEC’s inspector general had begun investigating SEC officials who are also alleged to have collaborated with Elgindy, either by providing inside information on commission investigations, or launching destructive, dead-end investigations of companies that Elgindy was selling short.

    Elgindy, like Bernard Madoff  (the Dendreon short and Ponzi schemer who helped write the SEC’s rules on naked short selling), is believed to have ties to organized crime. He once worked for a now-defunct Mafia-connected brokerage called Blinder Robinson (known on the Street as Blind’em, Rob-em), and a source close to the Elgindy investigation has told Deep Capture that, shortly before Elgindy appeared for sentencing, Russian mobsters forced Elgindy to saw off the tip of one of his own fingers as a reminder not to squeal on other members of his network.

    There is evidence – including transcripts of Elgindy’s private Internet message board – that shows that Elgindy routinely attacked public companies in collaboration with certain hedge fund managers. A significant number of these hedge fund managers were part of the Milken network.

    One of them was Jeffery Thorp, whose father once worked with the Genovese organized crime family to develop a method for cheating Las Vegas casinos. The government’s investigation of Elgindy eventually led to Thorp, who was charged in 2006 with providing fraudulent “death spiral” PIPEs financing to 22 companies. The SEC’s case, one of the rare instances in which the commission has identified a naked short seller by name, makes it clear that Thorp sold massive amounts of phantom stock, ultimately destroying the 22 companies that had received his fraudulent PIPEs.

    Recall that similar “death spiral” PIPEs were arranged by Carl Icahn’s Ladenburg Thalmann, ending in the phantom stock ruination of more than 20 companies. Icahn is the “prominent” investor who owes his status as a billionaire to Michael Milken and the Mafia-connected Zev Wolfson. Icahn is also the “prominent” investor who, along with Ziff Brothers and Steve Cohen, called ImClone immediately before The Cancer Letter published the “leaked” news of an FDA decision.  Icahn is also the “prominent” investor whose former employee was the last man to see Alain Chalem (a Mafia-connected naked short seller) before Chalem’s head was riddled with bullets by Russian mobsters.

    Do you still not believe that this network has ties to the Mob? Consider that Thorp’s father, in addition to working for the Genovese organized crime family, was the single most important player in the stock manipulation network that Milken operated in the 1980s.

    The father, Edward Thorp, ran a hedge fund called Princeton-Newport. The FBI eventually raided that operation, hauling away phone recordings and documents. Thorp was not ultimately charged, but the evidence that the FBI retrieved that day featured prominently in the prosecution’s 98-count indictment of Milken. Indeed, people who worked on the case say that the Princeton Newport evidence was far more important to the prosecution than the testimony of Milken’s more famous co-conspirator, Ivan Boesky.

    Do you still not believe that people in this network employ precisely the same ruthless tactics? Consider that when the FBI investigated Elgindy, it also stumbled upon a hedge fund called Gryphon Partners. One of Gryphon’s portfolio managers, Jonathan Daws, was eventually charged with participating in various short selling schemes hatched by Elgindy and his bribed FBI agent. In pleading guilty, Daws said, “others at Gryphon made trades in some of the relevant stocks, independent of me, and not at my direction.” Daws was convicted.  No charges were immediately filed against Gryphon.

    However, in 2006, the SEC sued Gryphon for providing fraudulent “death spiral” PIPEs financing to 35 companies. Like Thorp and the hedge funds introduced by Carl Icahn’s Ladenburg Thalmann, Gryphon provided its PIPEs financing knowing that it would cause stock prices to fall. The hedge fund then hammered the companies with naked short selling, sending their stocks into “death spirals.” Most of the 35 companies were destroyed.

    So, at this point in the story, we have identified more than 70 companies that have been vaporized by “prominent” investors, all part of the same network.

    At any rate, Gryphon Partners, the Elgindy-connected, PIPEs-financing, 35 company-destroying SEC-sued death spiral finance house, was founded by G. Stacy Smith and Reid S. Walker, two “prominent” investors who have since gone on to greater things. They now run a hedge fund called WS Ventures.

    And WS Ventures is the sixth of our seven “colorful” hedge funds that had the foresight to own large numbers of put options in Dendreon at the end of March 2007, just after the seemingly fantastic news that the advisory panel had voted overwhelmingly in Dendreon’s favor, and during the period when Dendreon was awash in illegal naked short sales, and just before the disastrous news that the FDA had rejected the advice of its own advisory panel.

    A few months later, Dendreon, on the verge of collapse and desperate for money to support its sabotaged prostate cancer treatment, went ahead and signed a deal to receive its first “death spiral” PIPEs finance.

    * * * * * * * *

    To be continued….Click here for Chapter 11.

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    65 Responses to “Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 10 of 15)”

    1. sean says:

      What happens when this story gets to the end and we find out the name(s) of some public offical(s) that was/is complicit in these crimes? I am starting to believe that if one drops dime , many more will go under. So I am starting to get this idea as to why they can’t or won’t do anything to stop these miscreants BECAUSE THEY ARE AS GUILTY AS THE CRIMINALS!!! Thanks Mark ..again outstanding info. Plausible deniability does not exist anymore!!!

      • tom waits says:

        Where is the FBI,SEC,Congress mainly John Dingellberry, DOJ…. oh I forgot the DOJ are supporting the FDA(Scher,Pazdur,Andy von Echenbach AND Mama Hussain) against the CARETOLIVE SUIT!

      • WizKid says:

        I am from NY and and sad to say about 9/11, similar to JFK, we may never get the truth. We’ll be left with the feeling that something just wasn’t right and that someone intentially took pieces to the puzzle. LAst week The FBI found and seized the former russian employee who stole Goldmans ETF program in 36 Hours. It’s been almost 9 years the FBI, Navy Seals, Army, Marine, CIA, NSA, etc. still haven’t found Osama Bin Laden.

        little known facts about 9/11 and the WTC

        Fact: The World Trade Center towers are the only buildings to ever COLLAPSE From Fire. (PS All the Jet Fuel Burnt in the first seconds of impact) Watch the replays in slow motion you can see the fireballs of fuel explode and rise in seconds. Don’t believe me, go find “super super premium gas” 100+. Pour it on the street (in a safe area).. throw a match on it.. Poof its over..Jet flue is 10X more flammable than that.

        Fact: Fire Fighters and police stations “HAD” prior to FBI raiding and seizing TAPES OF THE FIREFightErS/COPS REPORTING EXPLOSIONS GOING OFF on the Lower floors of the buildings as they were helping people.

        FACT: George W. Bush’s Brother until 9/12/01 was in charge of Tri-State Airport and WTC security (not sure how GW plays into this..he’s not to sharp to plot this. Sad to say the “president” was actually a pawn in this cover up.

        FACT: Due to family members work with companies in WTC towers. NEVER SINCE THE FIRST BOMBING HAS THE ENTIRE BUILDING HAD the SECURITY SYSTEM COMPLETELY SHUT DOWN. 2 weeks prior 9/11 WTC had a full BLACK OUT POWER SHUT DOWN INCLUDING SECURITY SYSTEMS. “The building was undergoing improvents.” “Fiberoptic” cabelling was being installed. And no security cameras were operational during the install

        FACT: 2 weeks prior to 9/11 BOMB DETECTING DOGS WERE REMOVED FROM WTC

        MOTHER OF ALL FACTS: World TRade TOWER 7 “COLLAPSED FROM DEBRIS”…ALSO A FIRST IN THE HISTORY OF BUILDINGS. NO OTHER BUILDING HAS EVER COLLAPSED FROM ANOTHER BUILDING COLLAPSING EVER!

        FACT: WTC TOWER 7 basement vault HOUSED ALL BANKING AND SEC RECORDS FOR THE LAST CENTURY. “ALL RECORDS were lost on 9/11″ as well as all the blackboxes from the planes according the FBI and Gov investigators. But the FBI “Found” the “TERRORIST’s”! how did they find them?? they found a Flimsy Paper Passport on the ground. (PS the “Terrorist” is still alive and lives in Pakistan, he was set up, hes actually a peaceful family man)

        THIS WAS NOT A FOREIGN “TERRORIST ATTACK”, it was DOMESTIC. A LOT of STARS HAD TO ALIGN FOR ALL THIS TO HAPPEN. AND PEOPLE IN the DESSERT SCREAMING JIHAD WEREN’T THE CULPERTS or CAPABLE ON SUCH A GRAND SCHEME. There were far greater motifs than getting 1 mile back on the gazza strip. Money was in play and I think deep capture is the red pill that will pull down the rabbit hole.

        FYI: This isn’t the first time the government/banks engineered this kind of cover up. What many people don’t know about Johnny Depth’s new Character “John Dillinder” in the movie “Public Enemies”. While the beloved common day robin hood stole from the rich and gave to the poor…. Dillinger was being paid by the banks to ROB them. HE’d Steal the money…Then BURN/DESTROY ALL THE BANK RECORDS..leaving no trace of the DARK FUNDS AND MARGIN SHARES (HEDGE FUNDS OF THE ERA)THAT CAUSED THE GREAT DEPRESSION.

        Something will change soon…At least I hope so. And if they don’t. I’m young enough to make sure of it. PS I WORK at an IB and I know what goes on. My companies pretty clean but I know for a fact some of our clients/competitors and trying to fan the smoke away from their barrels.

        “It’s not what your country can do to you, but what you can do for your country men”~Me

        This is not the America I grew up learning about.

    2. Don says:

      Well thes people are murders period and I would have no problem opening a can of woop ass on all the SOB in this story starting with Milken..This man is a murder who realy should be delt with by the courts or us now…I am just sick of these jack asses geting away with mirder and robbing us all..time fore some street justice..

    3. Don says:

      Here it is DO NOTHING SEC laid out on a silver platter , will you act thise time or like Maydoff sit around with your thumb up your ass…OR IS MILKEN STILL ABOVE THE LAW WITH HIS BILLIONS OF STOLEN MONEY…

    4. Solomon MacKay says:

      70 companies down and counting. As for the why question regarding gov intervention… is anyone else here familiar with Lucky Luciano, a member of — guess which “”crime family– and the how and why he got out of jail in 1946?

    5. Anonymous says:

      By Richard Neys.

      The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, ‘A terrible thing happened. I realized I’d joined the wrong mob'”

    6. kyoto27 says:

      In a sick twist on the Orson Wells cult classic Donovan’s Brain, do Milkman &Co really
      believe they can destroy the market, the nation and the world and somehow survive the fatal crash? In the movie, Donovan is destroyed when Cory destroys the ‘housing tank’ with an ax and leaves the brain of Donovan to die, thus ending his reign of madness. Finishing Chapter 10 you have to ask whether America has to take an ax to the House of the People or is fumigation enough? The alternative is just leaving these prominent investors walking around with their GET OUT OF JAIL FREE cards…and SEC sanctioned proprietary trading platforms. If Chapter 10 doesn’t bring us closer to the ‘tipping point’ that we are either a nation of laws, or we are not then nothing will.
      And God help us all Mark if we are not….

      • t. tucker says:

        The Lullaby of Wall Street and Government
        Written and composed by the SEC, the Whitehouse, the House, and the Senate FOB of the wealthy elitist politicians and criminals.
        • We do not have enough staff.
        • We do not have enough money to fund staff.
        • We do not have the expertise.
        • We do not have the will or the wherewithal.
        • We didn’t see it coming.
        • We’re mixed up in this right up to our eyeballs!
        • So what the hell do you want US to do about it?
        • Sorry, we’ve got you suckers right by the short hairs,
        • and we ain’t lettin’ go.
        • Sit down and “shut up”, this isn’t your country anymore.

        We’ve heard it said that hell hath no fury like a woman scorned.
        Maybe hell hath no fury like Lady Liberty and all the downtrodden citizens scorned. Now there is a thought worth pondering.

        • kyoto27 says:

          Joseph Conrad in Under Western Eyes noted:
          “Nations it may be fashion their Governments, but Governments have a habit of paying them back in their own kind.”

    7. akcje says:

      _

      Ha, I knew it!
      I’ve predicted in my comments after chapter_5, that
      Mitchell will connect Provenge to the events of 9/11.

      And he did!…

      Now that we are on a roll, a few more dots are needed. How about connecting Provenge to the Kennedy assassination? Pearl Harbor? After all we know of some Japanese investments in Dendreon’s competitors.

      And for a more contemporary connection, how about the Swine Flu and the vaccinations? I’m sure that Milken either invests and supports some of the companies involved or certainly knows many people in that business (not to mention some swine). This should be easy, chapter_11?

      We should call for the FBI investigation of Mr. Nostradamus, who after all predicted 9/11 and of course the FDA’s delay of Provenge many years ago. Connecting Nostradamus with ex KGB Russian mafia will presumably come in chapter_14. Can’t wait…

      = =

      Now, I’ve always said that FDA is inept and full of conflicts of interest. And Provenge should have been approved in 2007, condition to a mandatory follow up process. But Deep Capture makes a farce of it . And you only help to wave all legitimate critique of FDA along with all the loonies.

      • Don says:

        WELL AKCJE U just don’t get it…..Or are u Milken or on of his ball lickers.

      • kyoto27 says:

        akcje says:
        But Deep Capture makes a farce of it.

        The only farce akcje is your mockery; was it bought and paid for, or just the face of natural scorpion-like depravity…

      • Judd Bagley says:

        Akcje, I don’t believe Mark is linking Provenge to 9/11. He’s simply offering some interesting background on Anthony Elgindy, whose questionable activities before and after that sad day are well-documented. This is pretty obvious.

        I think folks would be more receptive to your cynicism if you were more intellectually honest. Strawmen like the one you’ve put forth here insult us all.

      • WizKid says:

        9/11 has never FELT RIGHT SINCE IT HAPPEND. Similar to JFK assassination. IT JUST DOESN’t FEEL RIGHT or MAKE SENSE. LAst week The FBI found the russian who stole Goldmans ETF program in 36 Hours. Its been almost 9 years they havent found Osama Bin Laden.

        Fact: The World Trade Center are the only buildings to ever COLLAPSE From Fire. (PS All the Jet Fuel Burnt in the first seconds of impact) Watch the replays in slow motion you can see the fireballs.

        Fact: Fire Fighters and police stations “HAD” prior to FBI raiding and seizing TAPES OF THE FIREFIRES/COPS REPORTING EXPLOSIONS GOING OFF on the Lower floor of the buildings.

        FACT: George W. Bush’s Brother until 9/12/01 was in charge of Tri-State Airport and WTC security

        FACT: Due to family members work in WTC. NEVER SINCE THE FIRST BOMBING HAS THE ENTIRE BUILDING HAD the SECURITY SYSTEM COMPLETELY SHUT DOWN. 2 weeks prior 9/11 WTC had a full BLACK OUT POWER SHUT DOWN INCLUDING SECURITY SYSTEMS. “The building was undergoing improvents.” “Fiberoptic” cabelling was being installed.

        FACT: 2 weeks prior to 9/11 BOMB DETECTING DOGS WERE REMOVED FROM WTC

        MOTHER OF ALL FACTS: World TRade TOWER 7 “COLLAPSED FROM DEBRIS”…ALSO A FIRST IN THE HISTORY OF BUILDINGS. NO OTHER BUILDING HAS EVER COLLAPSED FROM ANOTHER BUILDING COLLAPSING EVER!

        THATS LIKE SAYING EVERYTIME THEY DEMO A CASINO IS VEGAS THE WHOLE STRIP WOULD GO DOWN…

        FACT: WTC TOWER 7 basement vault HOUSED ALL BANKING AND SEC RECORDS FOR THE LAST CENTURY. “ALL RECORDS were lost on 9/11” But the FBI “Found” the “TERRORIST’s” Flimsy Paper Passport on the ground. (PS the “Terrorist” is still alive and lives in Pakistan.)

        THIS WAS NOT A FOREIGN “TERRORIST ATTACK”, it was DOMESTIC. A LOT of STARS HAD TO ALIGN FOR ALL THIS TO HAPPEN. AND PEOPLE IN the DESSERT SCREAMING JIHAD WEREN’T THE CULPERTS or CAPABLE ON SUCH A GRAND SCHEME.

        This isn’t the first time the government engineered this kind of cover up. What many people don’t know about Johnny Depth’s new Character “John Dillinder” in the movie “Public Enemies”. While the common day robin hood stole from the rich and gave to the poor…. Dillinger was being paid by the banks to ROB them. HE’d Steal the money….AND BURN/DESTROY ALL THE BANK RECORDS..leaving no trace of the DARK FUNDS AND MARGIN SHARES (HEDGE FUNDS OF THE ERA)THAT CAUSED THE GREAT DEPRESSION.

        CHEW ON THAT. Something will change soon…I’m young enough to make sure of it. PS I WORK at an IB and I know what goes on. My companies pretty clean but I know for a fact some of our clients/competitors and trying to fan the smoke away from their barrels.

    8. Doug says:

      When you say, “Jeffery Thorp, whose father once worked with the Genovese organized crime family to develop a method for cheating Las Vegas casinos.”, are you talking about card counting in blackjack?

      Thorp’s father showed that it’s possible for a player to have a mathematical edge over the casino in blzckjack, how to maximize it, and how to place bets using the Kelly Fomula. That’s not cheating.

    9. Peter J. of Minneapolis says:

      Edward Thorp’s “Beat the Dealer” was the first card-counting classic. What were the Genovese Family’s Las Vegas interests in the mid-1960s, when “Beat the Dealer” came out? I find it difficult to believe that the Genovese Family would have gone to great lengths to undermine a business in which it had significant investments — unless the author provides evidence that the Genovese Family was “shorting Vegas” too.

      Successful blackjack card-counting is not cheating.

      This statement, “Jeffery Thorp, whose father once worked with the Genovese organized crime family to develop a method for cheating Las Vegas casinos[]”, stretches the facts. Mr. Thorp had a bankroll of $10,000 from one Manny Kimmel,a former bookie “with Mob connections, … who was thinly disguised as “Mr. X” in “Beat the Dealer”. See the Wikipedia article on Edward Thorp:

      http://en.wikipedia.org/wiki/Edward_Thorp

      The revelations about Edward Thorp and Princeton-Newport are truly fascinating.

    10. Paladin says:

      Hey, akcje…… The farce here is your attempt at diversionary tactics. Mitchell is not connecting Provenge to the events of 9/11. More deception and obfuscation on your part, the M.O. of the denial kool-aid drinking gaggle of naysayers.

      He’s simply linking particular elements of the hedge fund cabal to events of that time. If you refuse to see the common thread of criminality linking these scumbags, then we can’t help you. Dismissed. Return to your lair.

    11. huck says:

      When (not if) the ‘payoffs’ to our ‘respected’ public officials comes to light. Do we need to start pressuring, the clowns in, congress to begin impeachment proceedings? Are too many rank and file ‘clowns’ already on the payola roll, to accomplish this? Does the corruption go ‘all the way to the top’? Those are the only questions remaining. Except. Is there any place left, in this world, that has not already been destroyed? My personal belief is that the affirmative is the correct answer to all the above. Irrational optimism may be deluding me on the last query.

    12. judgement day coming says:

      So a low-life, stock swindler, with ties to terrorists in the Mid East, ties to corrupt FBI agents, ties to the SEC, ties to the Russian mob and is willing to self mutilate on the direction of the Russian mob, and has inside info on the ‘surprise’ attack in New York on 9-11.

      Wow!!! This rabbit hole is very deep. Not only are we seeing Milken and his band of merry thieves destroying our capital markets, allowing 60,000 cancer patients to die for the love of money, but were also seeing Elgindy with inside info on 9-11. And if this low level scumbag knew about 9-11, it’s not hard to imagine some rogue agents of the FBI, the Russian mob, some Politicians, and maybe a few others cashing in on the deaths of 3,000 innocent civilians in the Twin Towers.

      Every thing seems to be an ‘inside job’.

      Oh, the web they weave…..

      Mark Mitchell, you put every other journalist to shame. Stay safe.

    13. Dr. Jim DeCosta says:

      THE 5-MINUTE VERSION OF EXPLAINING ABUSIVE NAKED SHORT SELLING (ANSS) FRAUDS

      1) The DTC through their “nominee” Cede and Co. “volunteers” to act as the surrogate “legal owner” of all shares held in “street name” ostensibly to “streamline” the trade clearing process.

      2) UCC-Article 8 authors warn the DTC and its co-owning “participants” not to “lever” this role over the financial interests of the purchasers of shares who have been stripped of their “legal ownership” title and rights.

      3) The DTC replies, “Are you kidding, NONE of our many thousands of “participants” would ever dream of taking advantage of U.S. investors”.

      4) The purchasers of delivered shares thus become the “beneficial owners” of shares instead of their “legal owners”.

      5) The purchasers of undelivered shares on midnight of T+3 become “security entitlement holders” to shares presumed to be en route.

      6) UCC-8 dictates that both groups be treated exactly the same because delivery is presumably due at any moment (the default presumption).

      7) The purchasers of shares who are the most motivated to make sure they got delivery of that which they purchased therefore become blindfolded as to whether the shares they bought ever got delivered or not because UCC-8 mandates that their clearing firm treat them as if they did get delivered.

      8) This policy is fine as long as the default presumption is accurate 100% of the time. OOPS!

      9) Due to this policy all FTDs and all SBP “borrows” result in the “issuance” of share price depressing “security entitlements” being credited to the accounts of even the purchasers of undelivered shares (presumed until proven otherwise to be en route).

      10) The DTCC over time attains a monopoly on 15 of the 16 sources of empowerment to do buy-ins by “volunteering” to act in certain capacities like the “central counterparty “CCP” to all transactions and as a “qualified control location” able to attain and grant compliance with “The Customer Protection Rule” (15c3-3).

      11) The fear of a buy-in is the only deterrent and a “buy-in” is the only cure available when the seller of shares absolutely refuses to voluntarily deliver them to the purchaser.

      12) Opportunistic crooks realize that refusing to deliver that which they sold both establishes and monetizes a naked short position.

      13) The crooks refuse to deliver that which they sold and their employees the NSCC management predictably refuse to deploy the only deterrent and only cure available even after the default presumption was proven to be in error.

      14) The share price crashes from the accumulation of readily sellable share price depressing “security entitlements” which MANIPULATES the “supply” of that which is readily sellable upwards.

      15) The crooks are only asked to “collateralize” on a daily marked to market basis the monetary value of the failed delivery obligation which is accomplished almost entirely with the investor’s money i.e. the crooks have no “skin in the game”.

      16) Even though the sellers refuse to deliver that which they sold the buyer’s investment funds still flow to the sellers of nonexistent securities because as the share price predictably plummets so too do the collateralization requirements.

      17) As per the wishes of their bosses the NSCC management has simply shirked their congressional mandates in order to look after the financial interests of their bosses.

    14. Jim Hall says:

      akcje apparently needs it all down in black and white, oh wait – it is here in black and white.

      Must be a sad case of voluntary blindness.

    15. akcje says:

      kyoto27 > …. natural scorpion-like depravity…

      Yes, kyoto27. Scorpions are deprived animals which is evidenced by their preference for warm weather and poor attendance at church. You must be a biology expert and a moralist.

      Peter J. of Minneapolis > Successful blackjack card-counting is not cheating.

      Now, now. Mitchell has a point, that any attempt to use mathematics or logic is cheating. You certainly can not accuse him of this sin. Besides look at Thorp connections (from your wikipedia link) :

      1. Thorp was born in Chicago! So his mob connections and most likely involvement in the Jimmy Hoffa disappearance are self evident….

      2. He was friends with Claude Shannon. Most honest people don’t even know who Shannon was! This is damning.

      And now we can see another connection to the Kennedy assassination:
      Thorp -> Shannon-> chess -> Russians -> KGB -> Oswald

    16. Doug says:

      I think the book “Fortune’s Formula” by William Poundstone goes into what happened with Edward Thorp and Princeton-Newport.

    17. sean says:

      I swear I have read all of the 10 parts of The Dendreon Debacle and not one time did I make this connection, but I should have, and if this connected to the following is’nt the smoking gun then “What is”??? Just how much juice doe Miliken have that Cuomo would investigate Greenburg and not the Mastermind himself?

      “AIG has a culture of complicity. “You don’t get into these kinds of problems by having a good corporate culture,” said Peter Morici, a professor at the University of Maryland School of Business and the former chief economist at the US International Trade Commission. “Clearly this company has had endemic problems and it’d be best if we broke it up and sold it off so others can run its parts.”

      AIG is currently facing investigations by the New York Attorney General’s office, the Federal Bureau of Investigation, the Securities and Exchange Commission, and the British Serious Fraud Office.

      And that is only in the last six months.

      Here is a breakdown of the AIG rap sheet, present and past:

      Current Investigations:

      -The FBI, SEC, and the British Serious Fraud Office are investigating the AIG Financial Products Group for hiding its losses on investments related to derivatives known as credit default swaps. The group was headed by Joseph Cassano, the Brooklyn-born son of a cop, until he stepped down in February. It sustained a loss of more than $11 billion in the fourth quarter of 2008.

      Cassano, who started out working for junk bond king and one-time prison inmate Michael Milken, said of the group in August 2007: “It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of these transactions.”

      This wasn’t Cassano’s first legal controversy. The Justice Department charged his unit in 2004 with helping another firm, PNC Financial Services, to conceal certain assets from its books. AIG settled the case and paid a hefty $80 million in fines.

      -At least one AIG shareholder has also filed a suit against Cassano’s former group.

      -In a separate investigation, New York Attorney General Andrew Cuomo is pursuing a civil case launched by his predecessor Eliot Spitzer into Maurice “Hank” Greenberg, the former head of AIG who stepped down amid controversy in 2005. The investigation stems from a deal struck in 2000 between AIG and fellow insurer General Re. The case has already resulted in four guilty sentences and a large settlement (See below).

      Somebody please explain this to me like I’m a 5 year old Why is’nt the DOJ all over this? Its cost us 182 billion already and still no one wants to take this guy on. It is’nt just our guys at Deepcapture, trust me!!!

    18. Jim Hall says:

      Cassano appears to have some pisanos, if you get my drift.

      Apparently, Cuomo has been paid off to go after Greenberg as a diversionary exercise that will end inconclusively, whereas a Cassano probe would likely come to fruition – but is that what they really want?

    19. sean says:

      But Jim, could’nt this be the smoking gun? Who needs Cuomo. We have enough circumstancial evidence to extradite Cassano and make him squeal like a pig and drop dime on Miliken no?

      Also watch this clip where representative Elijah Cumming ask then CEO of AIG Ed Liddy for documentation on the Credit Default Swaps held by AIG. The plot thickens. I wonder if he ever got that info. Because a week after Liddy handed in his resignation.I bet that data would prove very interesting huh?

      http://www.youtube.com/watch?v=VR4z6O7Entg

    20. Dr. Jim DeCosta says:

      Some market reform folks have found this passage from the “Foreward” of my Book #9 to be helpful to getting their arms around this fraud. I hope it helps.

      “What is actually being “counterfeited” in abusive naked short selling frauds is not a “share” per se as that is strictly forbidden and is too easily detected even when shares are being held in an electronic book entry format featuring “anonymous pooling”. More specifically that which is being “counterfeited” is “the entitlement to exercise the rights and property interest that comprise a share”. For all intents and purposes, however, except for the “legal ownership” issues which are rendered moot by the DTC’s nominee “Cede and Co.” acting as the surrogate “legal owner” of all shares held in “street name” and the UCC 8-501 mandate for clearing firms to treat the “legal owner” of a share that was successfully delivered after being purchased and a mere “security entitlement holder” to a share that after being purchased never did get delivered exactly the same, a “share” is indeed being essentially but perhaps not technically “counterfeited” in this absolutely brilliantly designed crime wave known as abusive naked short selling.

      Unfortunately for the investors in U.S. corporations under attack it is the number of readily sellable shares “outstanding” PLUS the number of readily sellable but invisible “security entitlements” to shares resulting from delivery failures that forms the “supply” variable that interacts with the “demand” variable to determine share price through the price discovery process”. Thus it becomes extremely easy to “custom tweak” the “supply” of that which is “readily sellable” upwards in an effort to “custom tweak” the share price downwards by simply refusing to deliver that which you sell in our markets. Welcome to the study of the single largest theft and illegal transfer of wealth our planet has ever seen”. -Dr. Jim DeCosta

    21. sean says:

      Thanks to Irishlass from 1v Investorsvillage

      The Cast of Characters — Chapters 1 through 10 …
      Been laid up with a severely sprained ankle since Friday, so, as a result of (1) needing to keep off my feet, and (2) pouting over the forced inactivity, I decided to try to connect all of the intertwined characters and organizations in this incredible tale of deceit and criminality.

      Below is an attempt to cross-reference (1) the major players in the first ten chapters of Mitchell’s exposé and (2) the companies/organizations that are involved/implicated in a major way.

      I attempted to create a flowchart or a Venn diagram, but there are just too many entries to allow the creation of a readable one.

      So instead I indicated, in list form, a relationship between people and companies/organizations only if one or both of the following hold true:

      (1) the person is directly related to the company/organization

      (2) the person benefited from the company’s policies (or vice versa)

      Of course, the connections may be significantly more numerous and intertwined (and I highly suspect that they are), but these are the concrete ones delineated thus far in this series.

      The people-to-people connections are not accounted for, outside of their connections to the same organizations.

      (Of course, additions or corrections are solicited!) J

      ~ joanie

      Since the chart did not come out the way it was posted. Here is the link to the post..

      http://investorvillage.com/smbd.asp?mb=971&mn=289402&pt=msg&mid=7573519

    22. sean says:

      From Irish lass at Investorsvillage

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      Msg 289402 of 289412 at 7/12/2009 6:19:24 PM by
      irishlass

      Send PM
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      Recs: 45 | Views: 248

      The Cast of Characters — Chapters 1 through 10 …
      Been laid up with a severely sprained ankle since Friday, so, as a result of (1) needing to keep off my feet, and (2) pouting over the forced inactivity, I decided to try to connect all of the intertwined characters and organizations in this incredible tale of deceit and criminality.

      Below is an attempt to cross-reference (1) the major players in the first ten chapters of Mitchell’s exposé and (2) the companies/organizations that are involved/implicated in a major way.

      I attempted to create a flowchart or a Venn diagram, but there are just too many entries to allow the creation of a readable one.

      So instead I indicated, in list form, a relationship between people and companies/organizations only if one or both of the following hold true:

      (1) the person is directly related to the company/organization

      (2) the person benefited from the company’s policies (or vice versa)

      Of course, the connections may be significantly more numerous and intertwined (and I highly suspect that they are), but these are the concrete ones delineated thus far in this series.

      The people-to-people connections are not accounted for, outside of their connections to the same organizations.

      (Of course, additions or corrections are solicited!) J

      ~ joanie

      Rest of post here..

      http://investorvillage.com/smbd.asp?mb=971&mn=289402&pt=msg&mid=7573519

    23. sean says:

      Sorry about that, I don’t know why the header posted the way it did in the above post.

    24. tom waits says:

      Re: Chapter 10 is a Doozy – Scher: “I take the high road”
      Who has the quote from the WSJ article when questioning Scher about his conflicts of interests. His respond was something like ‘I take the high road’.

      High road to hell. What a scum bag. He was Milken’s inside man paid as a government FDA employee.

      What’s worse?: Scher’s actions or the FDA permitting this to happen? But then again Von E who was in charge and it appears he was in Milken’s back pocket as well.

      Took this off the IV board! GREAT POST! And the last sentence I agree 100%. AVON was and stillis in the milkmans back pocket!

    25. Tiny Tim says:

      As I read more of the comments from Akcje, it becomes clearer that his aim is to do nothing more than to disrupt and mock, hoping to distract from the litany of illegal dealings documented in these 10 chapters.

      That Elgindy attempted to liquidate his portfolio on Sept. 10 and wire it all to lebanon, after predicting a 3000 point drop in the dow on Sept 11, is easily verified. The prosecution felt it would be too inflammatory to introduce it at trial, however it’s all in the public record.

      Now, perhaps he’s too slothful to do any real research, however my take is that he’s just here to create dissention and attempt to make Mark seem “loony”; just as the press did for years with Byrne when he warned of naked short selling and a conspiracy of criminals from the 80s participating in bringing down the financial system for profit. This is standard operating procedure for Wall Street when confronted with being caught red handed: deny everything, insist that no amount of proof tendered is sufficient, and mock and dismiss all who oppose you. It’s usually effective because the media sings the wall street song, and most don’t have sufficient attention span to grasp what’s going on.

      Here it doesn’t work so well, as Mark’s account is well-researched, non-hyperbolic, and easily verified. Note ackje has disproved exactly none of it, preferring to critique writing style, and later, more blatantly, to attempt sophomoric disruption using clumsy sleight of hand and straw men.

      Almost as though there’s an agenda there.

    26. sean says:

      Would’nt it be fun to connect Michael Milken and Goldman Sachs at the hip? I am checking into this..

    27. Anonymous says:

      Ackje may be trying to distract from 911 as roads do lead there.

      They say that sometimes you aren’t crazy because they really are after you and if the evidence points to “conspiracy theories”, then they have to be considered.

      Hundreds of millions were made looting the stock market with put options on September 10th and the same regulators that refuse to regulated share counterfeiting refuse to regulate that.

      There must be a reason.

      A lot of phantom share investigators and phantom share records were destroyed when primary (building 1) and secondary backup (building 2) servers were destroyed.

      Try googling the links between Elgindy and Khashoggi or Yasser Araffat’s casino and Refco or Khashoggi, the major owner of Barrick gold and the Federal Reserve trying to suppress gold prices through phantom gold sales or Khashoggi and lady di (dating his cousin).

      Milken’s office manager, Valerie Redfoot took down 100,000 retail accounts on September 11, 2001 when she and her partner Khashoggi took down MJK Clearing.

      None of this makes the news because the intersection of war profiteering, drugs, money laundering, CIA ops. and central bank suppression of commodity prices intersects with a group of the same people and I think Milkman is below other more powerful people. The reason they don’t regulate this is if it were ever exposed, it would bring down some of the most powerful people in the country, including our elected officials.

      The reason this is hard is because the thieves are fighting for their very survival.

    28. Anonymous says:

      On September 10, 2001, one day before 9/11, “SalemsHex12” predicted “lost operatives”, “biosuits/helmets/goggles” and “silver bullets”,

      By: SalemsHex12

      10 Sep 2001, 09:26 AM EDT

      Msg. 128045 of 0
      (This msg. is a reply to 128044 by chohenhous.)
      Jump to msg. #

      JH

      NWO Alert Memo:
      Add this Carla “dude” aka “chohenhous” to the list of one of those.

      Engage her in our new game….Ain’t that paranoia shittt fun?.

      Expect to lose some operatives no matter how careful you plan and execute this mission. It’s a dangerous one, Jimbo, and the biosuits/helmets/goggles, while protective against the deadly virus, paranoia helps me tango, they do little to stop those silver bullets.

      And our NWO sensors can’t SEE the virus as it does its tango during a biodome blitz. See Brian “Kelvar” Ayana about rectifing that problem.
      Finally, get all operatives to lure the “tango paranoids” to the “dam”. Proceed with the use of heartbeat sensors to prevent the enemy from detecting us.

      Don’t forget to use silencers to prevent triggering an alarm that may cause the paranoid to believe they’re being watched and/or followed.

      Keep in touch.
      Red Phone mandatory for this game, JH.

      BG

    29. Anonymous says:

      What Markets did Elgindy Trade?

      Osama bin Laden’s brother, Hasan bin Laden, once served as a director of a US telecommunications company backed by Motorola called, Iridium. Motorola sells telecommunication equipment to Binladin Family Group. Saudi Binladin Group’s, Baud unit resells telecommunications equipment. Motorola hedged its investment in Iridium by negotiating a finance deal with Motorola where Iridium would have to purchase its communications equipment from Motorola. Iridium, in turn, could then sell the equipment to Baud, at reduced prices, in liquidation, if Iridium ever went bankrupt.

      Iridium, in 1999, was a troubled company and a good short. Elgindy shorted it mercilessly. The shorting campaign against Iridium by Elgindy and his Silicon Investor flock sped-up the Iridium death spiral to bankruptcy.

      When the 9/11 attacks took down standard means of communication, Iridium’s satellite-based phones were suddenly in demand. Iridium Satellite LLC, a privately held company, is the successor to the Iridium (IRID) Elgindy shorted. Iridium satellite service was re-established in 2001. Iridium’s private investors “profited” on 9/11 by default. The Iridium satellite system is being used by the US Department of Defense.

      Iridium filed an application with the FTC for a transponder in the US. The application disclosed that Iridium was controlled by Sheikh Khalid Abdullah, a brother-in-law of the late King Fahd. After 9/11, Crown Prince Abdullah blamed Royal Family members for the attacks. The Crown Prince said, “… It was those brothers-in-law and some stupid young princes.” Which “brothers-in-law” was the Crown Prince refering to? The Ibrahims? Khalid Abdullah?

    30. Anonymous says:

      ACLU-protected Salemshex posted this cryptic 9/11 prediction about “lost operatives” on the Raging Bull AZNT message board on 9/10/01. It has been expunged from Raging Bull and seemingly, for awhile anyway, the entire internet – until I cut & pasted it here, once again, for the public record,

      Amazon Natural Treasures (RB: AZNT)

      « AZNT Message list | Reply to msg. | Post new msg. « Older | Newer »
      By: SalemsHex12
      10 Sep 2001, 09:26 AM EDT
      Msg. 128045 of 0
      (This msg. is a reply to 128044 by chohenhous.)
      Jump to msg. #
      JH

      NWO Alert Memo:
      Add this Carla “dude” aka “chohenhous” to the list of one of those.

      Engage her in our new game….Ain’t that paranoia shittt fun?.

      Expect to lose some operatives no matter how careful you plan and execute this mission. It’s a dangerous one, Jimbo, and the biosuits/helmets/goggles, while protective against the deadly virus, paranoia helps me tango, they do little to stop those silver bullets.

      And our NWO sensors can’t SEE the virus as it does its tango during a biodome blitz. See Brian “Kelvar” Ayana about rectifing that problem.
      Finally, get all operatives to lure the “tango paranoids” to the “dam”. Proceed with the use of heartbeat sensors to prevent the enemy from detecting us.

      Don’t forget to use silencers to prevent triggering an alarm that may cause the paranoid to believe they’re being watched and/or followed.

      Keep in touch.
      Red Phone mandatory for this game, JH.

      BG
      – – – – –
      View Replies »

      « AZNT Message list | Reply to msg. | Post new msg. « Older | Newer »

    31. Tar&FeatherThem says:

      It’s time to break out the pitchforks and torches!

    32. Anonymous says:

      Patrick & Mark are Sheep Dogs

      William J. Bennett, in a lecture to the United States Naval Academy on November 24, 1997 said: “Most of the people in our society are sheep. They are kind, gentle, productive creatures who can only hurt one another by accident.” We may well be in the most violent times in history but violence is still remarkably rare. This is because most citizens are kind, decent people who are not capable of hurting each other except by accident or under extreme provocation. They are sheep.
      Then there are the wolves and the wolves feed on the sheep without mercy. Do you believe there are wolves out there who will feed on the flock without mercy? You’d better believe it. There are evil men in this world and they are capable of evil deeds. The moment you forget that or pretend it is not so, you become a sheep. There is no safety in denial.
      Then there are sheepdogs and I’m a sheepdog. I live to protect the flock and confront the wolf. If you have no capacity for violence, then you are a healthy productive citizen, a sheep.
      If you have a capacity for violence and no empathy for your fellow citizens, then you have defined an aggressive sociopath, a wolf. But what if you have a capacity for violence and a deep love for your fellow citizens? What do you have then? A sheepdog – a warrior – someone who is walking the uncharted path – someone who can walk into the heart of darkness, into the universal human phobia, and walk out unscathed.

    33. sean says:

      Back on topic for a moment please. If we could only get the SEC to move this quickly on the Wall Street Miscreants and thieves(Milken, Chanos,Cohen et al) as they did on the gentleman that stole Goldman’s “Proprietary Trading software” (Took the FBI 48 hours to apprehend him after Goldman alerted them) or as quickly to implement rules to stop abusive naked shortselling as they did this..

      SEC issues insider trading rules for agency staffers
      Rules issued responding to FBI insider trading investigation of SEC attorneys

      July 13, 2009

      WASHINGTON (MarketWatch) – The Securities and Exchange Commission on Monday released a series of new stronger rules governing securities trading by agency officials, in light of an investigation being conducted by federal prosecutors into possible illegal insider trading by two enforcement attorneys at the commission.

      The strengthened rules require the pre-clearance of all trades by agency insiders. They also prohibit the trading of all securities of corporations under investigation by the agency.

      The rules require SEC employees to certify that they don’t have non-public information about the companies whose securities they are trading in.

      In May, it became known that the FBI had been investigating possible insider trading by the two agency enforcement attorneys.

      The SEC rules come as the agency’s inspector general, David Kotz, is scheduled to testify Monday afternoon at a House Financial Services subcommittee hearing about insider trading and government officials.

      The rules come after the agency on May 22 took steps to improve its oversight of SEC staff investments. The commission is taking steps to set up a new computer compliance system that would help the agency verify and monitor employee trading. The SEC also created a Chief Compliance Officer to oversee the agency’s compliance program.

      SEC Chairwoman Mary Schapiro plans to devote more resources to the SEC’s Ethics Office to monitor and review agency staff transactions.

      The new rules require supervisors to conduct periodic spot-checks of employee securities transactions and work projects.

      The House Financial Services subcommittee is scheduled to discuss an SEC report examining the impact of “alleged inappropriate” trading by government officials. Lawmakers will also discuss legislation introduced by Reps. Brian Baird, D-Wash., and Louise Slaughter, D-N.Y., that would prohibit insider trading by members of congress or their staff. The bill, H.R. 682, is known as the Stop Trading on Congressional Knowledge, or STOCK Act.

      http://www.marketwatch.com/story/sec-iss….1100?siteid=rss

      Link to Post – Back to Top Logged

      ..we would be making some good traction, would’nt we?

    34. Jim Hall says:

      Sean, God forbid someone ELSE, rather than GS, manipulate the market.

      Chop, chop, the FBI fetches water post haste!

      Will they pull Blankfein’s rickshaw too?

      Looks like Chinatown – don’t know if you’ve seen the flick…

    35. sean says:

      Jim..LOL!!Yes I have seen it Kurt Russell was in it I believe. Well here’s some more news for you and its very on topic.

      Department of Justice Press Release

      For Immediate Release
      July 10, 2009 United States Attorney’s Office
      Eastern District of New York
      Contact: (718) 254-7000
      Executive Director of Morgan Stanley’s Domestic Stock Lending Desk Sentenced to 38 Months for Conspiracy to Commit Securities Fraud and Wire Fraud and Making a False Statement to the FBI
      The Defendant’s Conviction is the 29th in the Office’s Ongoing Industry-Wide Investigation

      Darin Demizio, a former Executive Director at Morgan Stanley and the head of its domestic securities lending desk, was sentenced today to 38 months’ imprisonment, and three years of supervised release for conspiring to commit securities fraud and wire fraud and making a false statement to agents of the Federal Bureau of Investigation. On March 20, 2009, following a two-week trial, a federal jury in Brooklyn convicted DeMizio on all counts in the indictment. The trial and sentencing proceeding were held before United States District Judge John Gleeson.

      The sentence was announced by Benton J. Campbell, United States Attorney for the Eastern District of New York.

      As established at trial, throughout the 1990s and until 2003, Demizio, a former Executive Director at Morgan Stanley and the head of its domestic securities lending desk, routinely directed Morgan Stanley securities lending business to smaller brokerage firms and finder firms in exchange for kickbacks paid to Demizio’s father and brother, Craig Demizio. Between January 2000 and January 2004 alone, the kickbacks totaled over $1.6 million. The payments were disguised to appear as finder fees when, in reality, Demizio’s father and brother had done little if any work as finders in connection with the securities lending transactions for which they were paid. Demizio’s brother, Craig Demizio, previously pleaded guilty to conspiracy to commit securities fraud and wire fraud, and on July 25, 2008, was sentenced to 21 months’ imprisonment.

      Demizio’s conviction marks the 29th conviction stemming from the Office’s ongoing industry-wide investigation into allegations of bribery and kickbacks in the securities lending business, also called the “stock-loan” industry. Securities firms often borrow and loan securities among themselves for a number of reasons, including facilitating short-sale transactions. Stock-loan “finders” can assist these firms by locating inventories of a given security and matching borrowers and lenders in stock-loan transactions. The continuing investigation disclosed that stock-loan traders at several large brokerage firms funneled millions of dollars in fraudulent “finder fees” to their co-conspirators, often where no finders’ services had been rendered, in exchange for cash bribes and, in some instances, payments to the traders, or the traders’ relatives. The defendants who previously pleaded guilty in this district to federal kickback and bribery schemes include former securities lending traders at A.G. Edwards and Sons, Inc.; Janney Montgomery Scott LLC; JP Morgan Chase; Kellner Dileo & Company, Inc.; Oppenheimer & Co., Inc.; Morgan Stanley; National Investors Services, also known as TD Waterhouse; Nomura Securities International Inc.; Pax Clearing Corporation; PFPC Worldwide; Schonfeld Securities; and Van der Moolen Specialists.

      Mr. Campbell expressed his appreciation to the Federal Bureau of Investigation, the agency responsible for leading the government’s investigation, and thanked the Securities and Exchange Commission for its assistance.

      The government’s case was prosecuted by Assistant United States Attorneys Kelly T. Currie, Winston Y. Chan, and Winston M. Paes.

      (Not quite as fast a turnaround as Goldmans stuff though Jim LOL)

    36. sean says:

      Hey by the way, did anyyone ever investigate J. Picower (sp) and the fact that in a 10 year timespan he withdrew 5.1 billion dollars more than he deposited with Bernie (the fence) Madoff? I thought that that would be a good start to help defrauded investors get some of their money back, no?

    37. iStandUp says:

      Sean, thanks for the story of jail time for a Wall Street Criminal.

      Here is a link to the story:

      http://newyork.fbi.gov/dojpressrel/pressrel09/nyfo071009b.htm

    38. sean says:

      I Stand for your additional reading pleasure..

      Prominent NY lawyer gets 20 years in $400M fraud
      By TOM HAYS, AP
      posted: 3 HOURS 11 MINUTES AGOPrintShareText SizeAAANEW YORK -A once-prominent Manhattan attorney was sentenced Monday to 20 years in prison for a hatching a massive fraud in a brazen attempt to keep his law firm afloat and bankroll a lavish lifestyle.
      Prosecutors had sought 145 years behind bars for Marc Dreier. But the judge concluded he was “no Mr. Madoff” — a reference to disgraced financier Bernard Madoff, who last month received a 150-year term.
      Dreier, 59, had pleaded guilty to a seven-year, $400 million scheme that, though eclipsed by Madoff’s multibillion dollar swindle, was so outlandish prosecutors labeled him “the Houdini of impersonation and false documents.”
      The defendant apologized before deputy U.S. marshals led him in handcuffs out a side door in a Manhattan courtroom.
      “I’m sorry — deeply sorry — for the harm and sadness I’ve caused to so many people,” he said. “I know an apology doesn’t fix anything. But at this point, all I can do is express my shame and remorse.”
      Defense attorney Gerald Shargel had argued that between 10 and 12 1/2 years in prison would be fair punishment for a white-collar criminal who clearly “went way off the tracks.” His client, he said, proved his instability by once trying to impersonate a lawyer with a pension fund for Canadian teachers while trying to close a deal on $33 million in fraudulent promissory notes.
      “It was crazy for Mr. Dreier to think he could away with this,” Shargel said. “It was perverse stroke of luck that he wasn’t caught years earlier.”
      Prosecutors told U.S. District Judge Jed Rakoff that Dreier should get 145 years — consecutive maximum sentences on multiple counts — for sacrificing a “rewarding and productive life as a lawyer” for “a life of fraud” that bilked hedge funds and doomed his Park Avenue law firm.
      Rakoff immediately made clear that he thought the government’s request was unrealistic, saying, “Are you really asking for 145 years?”
      Giving Dreier that amount of time would “demean” the sentence for Madoff, whose fraud spanned decades and victimized thousands of clients, he said. “Mr. Dreier is not going to get much sympathy from this court, but he is no Mr. Madoff under any analysis.”
      Before Dreier’s arrest late last year, his firm had nearly 250 attorneys and a roster of clients that included retired football star Michael Strahan and former News Corp. publishing executive Judith Regan. He had spent tens of millions to decorate the firm’s offices with works by Picasso and Andy Warhol, and to purchase beachfront homes on both coasts, a Mercedes and an Aston Martin, and an $18.5 million yacht.
      In a letter sent to the judge last week that was rife with regret, Dreier said he was engulfed in a “quicksand of spending” that led to desperate measures — “a massive Ponzi scheme with no apparent way out.”
      The scheme involved cheated hedge funds, investment funds and several individual investors between 2004 and 2008 by selling them fictitious securities. The government has said Dreier received as much as $740 million from the sales and that victims lost $400 million.
      To carry out the plot, prosecutors say, he supplied fake financial statements for his victims.

    39. clearthinker says:

      I am reminded of a scene in the movie, “The Firm”…where our young attorney having saved his brother from prison, and looking for a way out of a corrupt law firm, gets the inside information on the Muralto crime syndicate, “down to the last Swiss Franc and Deutsch Mark” and promises to keep it secret through attorney client relationship, unless something should happen to him – this guarantees his safety.

      And so have our miscreants captured our regulators and legislators, save a handful, and they are safe, because to act against them insures their own exposure…and so the captured shall stall and posture, express their outrage and disgust, while doing everything to NOT act decisively…..there will be much hand wringing and shock in the media, but it will all be for show, to save the necks of those who have been bought off…

      Good night, Gracie…..

    40. sean says:

      The SEC being asked to do their job (AGAIN)
      Disclaimer: I do not and never have owned any shares of this stock. Just used as an example.

      Received this letter from Senator Grassley to Mrs SHAPIRO :

      July 10, 2009
      Via Electronic Transmission

      The Honorable Mary L. Schapiro
      Chairwoman
      U.S. Securities and Exchange Commission
      100 F Street, NE
      Washington, D.C. 20549

      Dear Chairwoman Schapiro:

      As the Ranking Member of the Committee on Finance and a senior member of the United States Senate, I write to you today in reference to a series of complaints that my office received regarding an alleged fraud perpetrated against a private company, which allegedly resulted in financial hardship to numerous private investors. According to the complaints received, in February 2005, several individuals illegally assumed the corporate ident

      There are several issues that the complainants brought to my attention regarding this fraud. Accordingly, I request that my Committee Staff be provided with information and/or a briefing regarding the allegations set forth in the letter. Please have your staff contact Brian Downey of my staff at (202) 224-4515, no later than July 27, 2009 to make arrangements to discuss this matter. I request that the SEC be prepared at a minimum to add

      1. To date has any of the judgment been collected from Mr. Pino? If not, what efforts have been made to collect the monies owed? If so, what efforts have been made to provide restitution to the fraud victims?

      2. The victims claim that the SEC has cleared BCIT (Energy Source, Inc.) to trade again; is this statement accurate? If not, what is the SEC’s position regarding BCIT?

      3. Was a companion criminal investigation initiated by another other federal agency against Mr. Pino for the corporate identity theft?

      Thank you for your attention to this important matter. We look forward to your cooperation in this matter and if you have any questions or concerns, please feel free to contact Kyle Burns or Jason Foster of my Committee Staff at (202) 224-4515. All formal correspondence should be sent electronically in PDF format to Brian_Downey@finance-rep.senate.gov or via facsimile to (202) 228-2131.

      Sincerely,
      Charles E. Grassley
      Ranking Member

      The full letter, on the letterhead:

      http://www.let-bcit-trade.com/

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