Showing posts with label Mary Schapiro. Show all posts
Showing posts with label Mary Schapiro. Show all posts

Friday, March 19, 2010

"At SEC, the system can be deaf to Whistleblowing" - I say the SEC has Motives to NOT Listen as they Still are NOT Listening To Billion Dollar Tips.

" By Zachary A. Goldfarb
Washington Post Staff Writer
Thursday, January 21, 2010

Eric Kolchinsky was an executive at Moody's, the credit rating company, when he called a top official at the Securities and Exchange Commission in September to warn that his firm might be violating securities law. He reported that Moody's was blessing mortgage-backed investments that it knew were dangerous, according to a person familiar with the conversation.

The SEC official assured Kolchinsky that someone from the agency would call him back shortly. But the call never came, Kolchinsky later told congressional investigators who were examining how the credit rating industry's failures contributed to the financial crisis. He had gone to Congress after losing patience with the SEC.

Kolchinsky is one in a series of whistleblowers who in recent years tried to tip off the SEC to potential wrongdoing, only to be ignored, misunderstood or left to wonder whether they were being listened to. The SEC has no system in place to guide how officials should handle tips and complaints from outsiders, making it difficult for investigators to take advantage of an invaluable source of information.

This failure helped to continue two of the most celebrated frauds of the last decade for several years, potentially costing unwitting investors millions of dollars. Countless others may have been left vulnerable to shysters because of warnings that went unheeded.

Since SEC Chairman Mary L. Schapiro took office last year, she has said that fixing the holes in the process for handling tips and complaints has been a top priority. But improving the way hundreds of thousands of tips are analyzed and pursued has proven difficult.

The SEC's enforcement division got back in touch with Kolchinsky about his allegations only after he told the story publicly to a congressional committee last fall, according to a person familiar with the matter.

The SEC said it responded to Kolchinsky's concerns but declined to provide details or to say how fast it did so. Moody's said it examined his allegations and found nothing improper.
The SEC has a haphazard, decentralized system for analyzing outsider information.

Tips arrive by phone, mail and e-mail to officials throughout the agency -- investor education to enforcement divisions. A study commissioned by the SEC last year and conducted by Mitre, a nonprofit group that does research for the federal government, found that the SEC lacks technology to analyze tips and complaints, as well as cohesive policies for what officials should do when they get information.

Whistleblower complaints are one of the main ways that investigators should be tipped to wrongdoing, SEC officials say, along with inconsistencies in financial filings and alerts from financial exchanges about suspicious trading patterns. But the SEC lags behind some other federal agencies in handling tips.

The Internal Revenue Service, for instance, pays reward money to whistleblowers who provide credible information about tax fraud. The Federal Trade Commission has set up a call center for tips and complaints.

On top of structural problems at the SEC, agency officials individually made mistakes in handling several recent cases, sometimes violating agency rules.

Members of Schapiro's management team said they recognized problems with the system for handling whistleblowers shortly after taking over.

"There was no uniformity to it. Every division and office had its own system of recording, tracking or handling tips and complaints. That system was pretty rudimentary," said Steve Cohen, the official tasked by Schapiro to overhaul the agency's tips, complaints and whistleblower program. "We're already working to acquire and deploy technology that centralizes all of the agency's tips and complaints so they can be sorted, reviewed, analyzed and tracked."

No shortage of witnesses

The SEC's struggles were underlined over the past two years with the revelation of two huge Ponzi schemes.

In the case of Bernard L. Madoff, whistleblowers had provided credible information to various SEC units for years.

The most prominent of these informants, a Boston financial analyst named Harry Markopolos, contacted the enforcement division on numerous occasions, according to the SEC's inspector general.

In one instance, Markopolos provided a detailed explanation of why Madoff's business was probably a fraud. Enforcement officials listened, but they dismissed him in their internal discussions. Two former enforcement officials told the inspector general that they discounted Markopolos's information because he was not an insider in Madoff's company.

Then, a few months after the Madoff scheme exploded into the headlines, the SEC exposed a second large Ponzi scheme, run by R. Allen Stanford. But that happened five years after an insider went to the SEC, warning that Stanford might be conducting a fraudulent business.

Leyla Wydler had been a vice president at Stanford's Houston-based company when she first started asking her supervisors tough questions about what the firm did with clients' money, according to her testimony before Congress last year. Her superiors were evasive, and she ultimately was fired.

After that, she went to the National Association of Securities Dealers, a private industry regulator overseen by the SEC. The NASD dismissed her concerns. Then in September 2004, she contacted the SEC's Fort Worth office, according to her congressional testimony. She followed up with a letter to an official there, questioning whether clients' money had been invested in the way Stanford said.

She never heard from the SEC again -- until January 2009, days before the SEC finally filed a case against Stanford, according to her testimony. The agency wanted to know more about her allegations. An inspector general report from June 2009 said the SEC began looking into Stanford years earlier but struggled to build a case against him.

Turning in the Tipster

In one case, it was the SEC that blew the whistle on Peter Sivere, an informant.

Sivere worked in the compliance office of New York investment bank J.P. Morgan Chase. As part of a team helping the bank furnish documents related to a 2004 SEC probe into suspected illegal trading, he found an e-mail that he thought was incriminating.

According to a subsequent report by the SEC inspector general, the e-mail said J.P. Morgan was knowingly providing hundreds of millions of dollars in credit to a firm "in the business of day trading mutual funds" -- which is illegal.

Sivere asked his superiors if this e-mail had been turned over to the SEC but did not get an answer. Instead, he was taken off the SEC project, according to the inspector general report. Sivere accessed his superiors' e-mail accounts to retrieve relevant e-mails, then contacted the SEC. He told the agency that he had relevant documents and asked whether he could receive a reward. He was told he was not eligible, but he turned over the documents anyway.

Sivere informed J.P. Morgan that he had contacted the SEC.

The company fired him, partly on the grounds that he had "sought payment from the SEC to provide documents and information to them outside of the normal scope of their investigation," according to a letter company lawyers wrote defending his dismissal. J.P. Morgan declined to comment for this article.

Sivere was shocked to learn that J.P. Morgan knew he had inquired about a bounty. He had been promised that his discussions with the SEC were confidential.

An SEC internal probe found that an investigator working on the case disclosed Sivere's information to J.P. Morgan's lawyers, violating the agency's confidentiality rules. The inspector general recommended that the SEC official who made the disclosure be referred for disciplinary action. None was taken, according to agency documents.

Retraining the Watchdog

Cohen, who is overhauling the SEC's whistleblower practices, said a database, jury-rigged from existing technology, will be in place this month to centralize all tips and complaints. Officials said that by the end of 2010, they hope to develop technology that would not only centralize the data but also automatically analyze them for patterns to help officials prioritize cases.

Currently, the SEC is setting procedures for responding to whistleblowers and is creating an office of market intelligence to coordinate how the agency's various units respond to tips.

The agency also wants to be able to reward whistleblowers, which it can only do now for insider-trading cases. The SEC has requested that Congress pass legislation giving it the ability to offer financial rewards to people who provide evidence of violations of securities law. ""

Source of Article
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/20/AR2010012005125_2.html

The SEC Gets Tips that Will inevitable Cost Shareholder Millions and they HAVE No System in place to really handle these tips, yet they act like they are taking in Tips and Handling them. The Iviewit Technologies Case will one day explode into Billions in Loss and the SEC has ignored the Eliot Bernstein SEC Complaint - and has know of the Involvement of Proskauer Rose way before the Standford Billions were lost. More on the Iviewit Stolen Patent and what Companies are affected go to http://www.deniedpatent.com/ and www.Iviewit.TV

Why is there no Accountability for the SEC Insiders that let these Billion Dollar Scams Happen then after the Scam and many innocent investors lose everything, the SEC insider gets a a Really Good Job at a high profile law firm. And no one seems to raise an eyebrow.

All these Billion Dollar Investment schemes seem to have the same thing in common. They have a Mega Law Firm behind them helping them, and the Law firms such as Proskauer Rose seem to have No Accountability for the Damage they due to investors.

In the Stanford investment Scandal SEC Sjoblom went to Proskauer Rose - talk about a conflict of Interest - Proskauer Rose seems to be behind a whole lot of these Billion Dollar Scams and they never seem to be held accountable.

In the Dreier Scandal there was Proskauer Rose LLP Attorney Sheila Gowan.

In the Madoff Scandal and there is said to a woman who fled the SEC to the Law Firm Proskauer Rose and that she is fingered all over the SEC report on Madoff failures.

So the SEC seems to hire these lawyers and let them run these scams and there seems to be no REAL
regulators of any kind for the ones in place seem to be part of the organized RICO Enterprise of Criminal Lawyers and Law Firms and the US court System does not seem to be able to do anything about them.

Is the SEC Liable for Billions to Trillions of Investors money when it is Obviously, Easily proved that the SEC Ignored TIPS for Years upon Years in all these cases. Time to Sue the SEC. This Government Agent should not be above the law, it is as if they let this stuff go on - on Purpose for pay offs and cushy jobs... and year after year the same scheme plays out and no one seems to be able to bring Justice, Accountability, or Real Action from the SEC to do what the Duty of the SEC is....

Links

Sheila M. Gowan - Proskauer Rose - Iviewit
http://www.free-press-release.com/news-iviewit-trillion-fed-suit-defendant-proskauer-rose-sued-in-global-class-action-re-stanford-ponzi-1252249099.html

Standford - Proskauer Rose - Thomas Sjoblom
http://www.proskauersucks.com/2010/01/thomas-v-sjoblom-allen-stanford.html

Madoff - Proskauer Rose
http://www.proskauerrosesucks.com/2010/02/proskauer-rose-madoff-mary-shapiro-sec.html

Friday, March 5, 2010

Eliot Bernstein of Iviewit Technologies files SEC Complaint with Mary Schapiro Against Warner Brothers, AOL, Time Warner,Intel, SGI, Lockheed Martin.

Eliot Bernstein, Iviewit Technologies Filed a Detailed Complaint with the SEC, with Mary Schapiro Against Warner Brothers, AOL, Time Warner, Intel, SGI, Sony Corporation, Lockheed Martin and More.

Mary Schapiro and the SEC have been Warned in Great Detail of Major Shareholder Fraud. If you are a Shareholder of Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin YOU need to be aware of the Eliot Bernstein Iviewit Complaint.

The Corporate Management of Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin have known about this Liability for years and they are hiding it from you. Many of your investment firms now know of this SEC Complaint to Mary Schapiro - I have seen them on my site and Clicking through to the Enormous Amount of Details and proof in the SEC Complaint itself and at the Iviewit Technologies Website on this Iviewit Technologies Stolen Patent, www.iViewit.tv.

The SEC Complaint proves without a doubt of what will Soon be Trillion Dollar Liability to the Shareholders of Warner Brothers,AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin. This will be in the Billions for Each Company, and the Shareholders of Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin as well as Mary Schapiro of the SEC and the Major Law Firms involved in this Trillion Dollar Shareholder Fraud, well they will NOT be able to say they did not know, for there are well over a Thousand Documents at www.iViewit.tv that proves they have known for years.

How long will this game go on? No one can really be sure how long that Mary Schapiro of the SEC, the USPTO, the US Courts will let this continue to drag out at the expense of the shareholders of Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin. What we can see is Blatant Obvious Fraud, Obstruction of Justice and a Covering up for folks like Intel CEO Paul Otellini, Ex-General Counsel of Warner Bruce Sewell - Now the General Counsel at Apple, Jeffrey Bewkes of Warner Bros., Proskauer Rose Law Firm, Foley and Lardner Law Firm, and Many more in the SEC Complaint filed by Iviewit Technologies Eliot Bernstein.

These High Profile Law Firm and the United States Securities and Exchange Commission Keeping this information from shareholders if Unethical at best, it is Fraud and the shareholders will pay for all of this with their hard earned money as the years pile on.

Click here to Read Details of this SEC Complaint.

Eliot Bernstein of Iviewit Technologies has Filed an SEC Complaint and YOU need to Know about. Click Here for the Official SEC Complaint and Great Detail and Proof of Shareholder Fraud and Shareholder Liability cause by Neglect, Fraud and Blatantly Violations of Contracts by Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin and more carry Trillions in Liability that they have seemingly reported to No One.

Eliot Bernstein SEC Complaint

Saturday, February 13, 2010

Where there is Billions Lost by Investors and Trillion Dollar Patent Thefts, there is Proskauer Rose LLP and the US Second Circuit Court.

US Second Circuit Court Seems to Ignore Emergency Request
to Investigate Proskauer Rose LLP.

Information from March 2009 included in Eliot Bernstein's Complaint to the SEC On Proskauer Rose... Time Warner, Warner Bros., Intel Corp, SGI, Lockheed Martin and More...

Was anyone listening to Eliot I. Bernstein? Or was the Madoff Liquidation of Assets just simply another layer to an already corruption Multi-Billion Dollar investment scheme...

From Eliot Bernstein's Blog on his SEC Complaint listing Warner Bros., AOL, Time Warner, Ernst Young, Intel, SGI, Lockheed Martin and explaining a whole lot more about the names and players of the Trillion Dollar Stolen Iviewit Patent, and the Involvement and Cover Ups for and by Proskauer Rose LLP - Meg Law Firm.

" " March 02, 2009 “EMERGENCY MOTION TO INVESTIGATE PROSKAUER ROSE DEFENDANTS INVOLVEMENT IN THE ALLEN STANFORD FINANCIAL, THE BERNARD MADOFF AND THE MARC DRIER FRAUD SCANDALS.

REMOVE PROSKAUER FROM SELF REPRESENTATION IN THESE MATTERS UNTIL SUCH TIME THAT THE FBI REMOVES THEM FROM THE ONGOING INVESTIGATIONS INTO THE STANFORD FINANCIAL FRAUD”

http://iviewit.tv/CompanyDocs/United%20States%20District%20Court%20Southern%20District%20NY/20090302%20FINAL%20Emergency%20Motion%20Re%20Proskauer%20Stanford%20Madoff%20Dreier%20Scandals4017.pdf

I filed Motions at the US Second Circuit Court of Appeals and US District Court, already exhibited herein, with similar claims of regulatory failures of the prior Presidential administration. Failures allegedly directly related to the Madoff case and I have reported this to Federal Authorities.

The Motions also discuss Conflicts centering on the Madoff saga where Proskauer publicly identified their firm as having the most clients in the Madoff Ponzi and now it is revealed in the press that many Madoff clients are the subject of ongoing SEC investigations.

The Motion at the US Second Circuit is to Compel that court to address the Conflicts of Interest and other matters according to law, laws being ignored while the Court and the Defendants perpetuate never ending Conflicts and Crimes. Note here that the handling of the Madoff Ponzi is by the same courts handling my RICO and ANTITRUST Lawsuit and that the same courts were notified for months of the correlations between the Madoff Ponzi and my Lawsuit and have failed to notify the proper authorities, including the SEC and instead attempted to bury my lawsuit and motions.

The SEC should further note that in the courts handling my Lawsuit, many of the judges and clerks are also Defendants in the Lawsuit and despite the obvious conflicts, they continue to handle the matters, as if no rules or laws apply to them.

These illegal actions by members of the courts should also be cause for the SEC, FBI and others addressed herein to investigate the members of the courts involved for possible collusion and aiding and abetting these schemes through Fraud on the Courts.

Following this Formal Complaint, for the courts failures to address the conflicts and misprision of a felony, the three Second Circuit Judges involved in my appeal will be filed on for Criminal Obstruction and other crimes, as exhibited already in the Motion to Compel.

The SEC should note here that the US Second Circuit has recently attempted to evade the Motion to Compel, by attempting to dismiss the Appeal as baseless, while the related Whistleblower case remains ongoing.

Sneaky as it sounds, by dismissing the case, the court has evaded addressing the criminal charges levied against them and the request for oversight of their criminal actions, as set forth in the Motion to Compel. This brilliant but failed attempt to evade the Motion to Compel, without having to rule on their conflicts or answer the charges against them, despite factual and material conflicts of interests in the court, further evidences their continued criminal obstruction.

All those addressed herein, should therefore immediately begin investigation of the Second Circuit and US District Court for the Southern District of New York court officials involved. Especially concerning their concealment from authorities of these material facts relating to these Schemes, again which may be a Misprision of Felony and whereby had the courts acted within law they could have prevented injury to many victims in these Schemes years earlier, when I initially reported Proskauer’s misdeeds to them.

This information should be cause for the SEC to reanalyze the entire Madoff Scheme in light of this new evidence. All asset sales and other distributions should instantly be halted until these material facts can be reviewed to determine if these funds are also relating to the Iviewit stolen patents. " "

Click here for Source of this Post and the Entire SEC Complaint

Wake Up Mary Schapiro - this is and has been a Financial EMERGENCY for a VERY long time..

Posted Here by Investigative Blogger
Crystal L. Cox

If you have any information on Proskauer Rose's further involvement in the Standford Affair, the Madoff Scheme or any dirty deeds or favors owed that would make it so that Proskauer Rose LLP can seem to hold no accountability for Billions of Dollars of Shareholder Loss... Please Email Investigative Blogger Crystal L. Cox at Crystal@CrytalCox.com
blog
crystal cox

Iviewit Founder and Inventor Eliot Bernstein Files SEC Complaint on Trillion Dollar Patent Liability.

Proskauer Rose Named in SEC Complaint

" April 27, 1999 letter from Richard R. Rosman, Esq. to Hassan Miah regarding the Iviewit inventions and Proskauer Rose Partner Rubenstein’s opinion on the technologies. Note that Rubenstein and Miah know each other through MPEG and Miah’s former employer XING. Immediately after learning of the Iviewit inventions, Miah sold XING to Real Networks as indicated above.

http://iviewit.tv/CompanyDocs/1999%2004%2026%20Wheeler%20Letter%20to%20Rosman%20re%20Rubenstein%20opinion.pdf "

Click here for SEC Complaint Naming Proskaur Rose LLP

" This FORMAL OFFICIAL COMPLAINT is filed with the Official SEC Complaint Intake Email Address: enforcement@sec.gov & CHAIRMANOFFICE@sec.gov and also filed with all investigators or committees the letter is addressed to, please make this Formal Complaint a part of all ongoing investigations or committees’ records regarding Iviewit companies and Eliot I, Bernstein, Inventor.

Re: Official Formal Complaint sent by Official SEC Email and Official Email Addresses to Other Investigatory Agencies and Committees addressed herein, Against Warner Bros. Entertainment, Inc., AOL Inc. and Time Warner, regarding Trillion Dollar alleged fraud on Shareholders; FASB No. 5 and other SEC, accounting violations and Violations of State, Federal and International Laws; Rescissory rights of Shareholders; Evidence and Important Information for the SEC regarding ongoing SEC Investigations of Bernard L. Madoff, Marc S. Dreier, Allen Stanford, Proskauer Rose, Galleon Enron Broadband, Enron, Arthur Andersen, and more.
Complaint filed against, including but not limited to;

Warner Bros. Entertainment, Inc. Chairman and CEO: Barry M. Meyer; President and COO: Alan F. Horn; EVP and CFO: Edward A. Romano; Vice President and Chief Patent Counsel: Wayne M. Smith

AOL, Inc. Chairman and CEO: Tim Armstrong; General Counsel and Executive Vice President, Corporate Development: Ira Parker; Assistant General Counsel - Patent Litigation, Prosecution, and Licensing: Christopher Day; Executive Escalation Team: Jerry McKinley
Time Warner, Inc. Chairman and Chief Executive Officer: Jeffrey L. Bewkes; Executive Vice President and General Counsel of Time Warner Inc.: Paul T. Cappuccio "

Source of Post and Full SEC Complaint Click HERE

Where is Mary Schapiro ?

Posted Here by Crystal L. Cox
Investigative Blogger

Thursday, January 14, 2010

Time Warner Inc. - AOL - Withholding information from Shareholders that they have a Right to Know.

How Come AOL and Time Warner Inc. Shareholders still do not seem to know about the Trillion Dollar, at least in part - and a VERY big part is a Liability on the that is NOT reported on the AOL Time Warner Books?

Here we have Confidentiality Agreements Violated, Technology Stolen from Inventors, No Compensation to The Inventors. Time Warner Inc., AOL - they know that this Shareholder Fraud is Pending and that at some point they will have to pay for the Technology they STOLE.

Does the SEC not Care about a Liability this HUGE... look at www.DeniedPatent.com or www.Iviewit.TV and you can see thousands of Documents of Proof.

Did the SEC have any advance Notice all all of this?

Well from the Above sites you can see that the SEC did indeed know about what was going on and now the damage is mounting and still Time Warner Inc. - AOL - NYSE: TWX - Time Warner Cable Inc. -Warner Bros. they have Seemingly not disclosed this Liability to their Shareholders, in fact are they not in some sort of " Time Warner Declares Spin-Off Dividend Of AOL Shares Time Warner Inc. and AOL Inc. announced the timing and details regarding the spin-off of AOL from Time" From TimeWarner.com ? So another words they are restructuring their Company to attempt to protect themselves from this Trillion Dollar Liability without telling the Shareholders of TWX that it even exists.

Is That Legal?

"" Time Warner Inc. - AOL Separation Information On December 9, 2009, Time Warner Inc. completed the spin-off of AOL Inc. "" From the Link Below
http://ir.timewarner.com/phoenix.zhtml?c=70972&p=irol-irhome
Time Warner was Given Notice from Iviewit of this Trillion Dollar Liability and they Separated AOL after this - Folks, there is a Whole Lot More that Time Warner Inc. is NOT telling YOU.

There is No way that Time Warner Inc. Can Ever DENY that they knew the Liability from the Iviewit Stolen Patent, P. Stephen Lamont told them, Eliot Bernstein Told them, People within their own Company told them... there is Evidence on top of Evidence to PROOF that Warner Bros. Hid this Liability information from their Shareholders and denied Rights to the Iviewit Inventors. The Question is How Long with the shareholders stand for this and how long with the SEC Ignore this HUGE Liability that is NOT accounted For?

Links for You to Visit
http://iviewit.tv/CompanyDocs/United%20States%20District%20Court%20Southern%20District%20NY/20090325%20SEC%20FAX%20Cover%20Page.pdf

http://iviewit.tv/wordpress/?p=205

http://iviewit.tv/wordpress/?p=209

http://74.125.155.132/search?q=cache:FgCCwCxMZuwJ:iviewit.tv/CompanyDocs/2007%252008%252018%2520Cuomo%2520Letter%2520Final.doc+%22iviewit%22+%22Time+Warner%22&cd=5&hl=en&ct=clnk&gl=us

http://74.125.155.132/search?q=cache:MviGXq-QONgJ:www.iviewit.tv/CompanyDocs/2004%252012%252015%2520Letter%2520to%2520Thomas%2520Cahill%2520Re%2520Krane%2520Conflict.pdf+site:www.iviewit.tv+Time+Warner&cd=2&hl=en&ct=clnk&gl=us

http://www.iviewit.tv/CompanyDocs/patent%20pool%20infringers.pdf?referer=www.clickfind.com.au

http://www.iviewit.tv/CompanyDocs/Patents/Miscellaneous%20Patent%20Docs/2004%2003%2026%20Moatz%20letter%20to%20take%20time%20responding%20for%20complaint.pdf

http://www.iviewit.tv/CompanyDocs/2004%2011%2015%20SC%2004-1078%20IVIEWIT%20REBUTTAL%20TO%20FLORIDA%20BAR%20RESP(1).pdf


http://www.iviewit.tv/CompanyDocs/2004%2004%2021%20Director%20Officer%20Advisory%20Board%20and%20Professionals%20Letter%20of%20Liabilities%20email%20low.pdf
Letters of Liabilty