MLK said: "Injustice Anywhere is a Threat to Justice Everywhere"

End Corruption in the Courts!

Court employee, judge or citizen - Report Corruption in any Court Today !! As of June 15, 2016, we've received over 142,500 tips...KEEP THEM COMING !! Email: CorruptCourts@gmail.com

Wednesday, April 6, 2011

Shocker: $30 Million Fraud Involved Lawyer

2 charged in $30M insider trading scheme involving law firms
The New York Post - April 6, 2011

NEWARK, N.J. — Federal authorities have charged two men with running an insider trading scheme that netted more than $30 million with information stolen from law firms. Garrett Bauer is scheduled to appear in U.S. District Court in Newark, N.J., on Wednesday afternoon. Matthew Kluger will make his first appearance in federal court in Alexandria, Va. They’re accused of trading on inside information stolen from Wilson Sonsini Goodrich & Rosati, a law firm with offices in Washington, D.C., New York, San Francisco and Hong Kong. Authorities also allege the decades-long scheme used information stolen from prominent New York law firms Cravath Swaine & Moore and Skadden, Arps, Slate, Meagher & Flom.

***************************************** Related Story:

Lawyer, Stock Broker Charged In $32 Million Insider Trading Scheme
CBS TV - April 6, 2011

NEWARK, N.J. (CBSNewYork/AP) — A former lawyer and stock trader were arrested Wednesday and charged with running an insider trading scheme straight out of the movie “Wall Street” that brought in so much money the suspects spoke at one point about burning $175,000 in cash to avoid detection. Garrett Bauer, of New York, and Matthew Kluger of Oakton, Va., face multiple counts of insider trading and obstruction in addition to single counts of conspiracy and money laundering. Authorities said the scheme netted more than $32 million in profit over the last five years. “Their ‘greed is good’ mentality eventually led to their criminal acts being exposed,” said Michael Ward, head of the FBI office in Newark, using the famous line spoken by Michael Douglas in Oliver Stone’s 1993 movie. Bauer was scheduled to appear in U.S. District Court in Newark on Wednesday afternoon, while Kluger was to appear in federal court in Alexandria, Va.

According to the criminal complaint, Kluger illegally took information on upcoming company mergers from his Washington, D.C., law firm, Wilson Sonsini Goodrich & Rosati, and passed it on to a middleman who has not been identified. U.S. Attorney Paul Fishman said he believes insider trading is “endemic in certain areas of the markets.” WCBS 880′s Levon Putney reports. The middleman would pass the information to Bauer, who would buy stock ahead of the mergers. Among the mergers were Adobe Systems’ acquisition of Omniture, Hewlett-Packard’s acquisition of 3Com and Oracle’s purchase of Sun Microsystems. The Oracle-Sun merger made the scheme more than $11 million in illicit profit, the complaint alleges. In a statement emailed Wednesday, the law firm said: “We were shocked to learn of the conduct the government has alleged a former employee committed against us and two other prominent law firms. We have provided our full support to the federal investigation and will continue to do so. In light of the pending actions by the U.S. Attorney’s Office and the SEC, we are not in a position to comment further.” Authorities allege the conspiracy dates back to the mid-1990s when Kluger worked for prominent New York law firms Cravath Swaine & Moore and Skadden, Arps, Slate, Meagher & Flom, though the substantive counts released Wednesday relate to activity when he worked for Wilson Sonsini. Spokespeople for Cravath and Skadden did not immediately return messages seeking comment Wednesday. Bauer and Kluger were able to escape detection by using prepaid, disposable cellphones and by not having direct contact before the stock purchases, according to Daniel Hawke, regional director of the Securities and Exchange Commission’s market abuse unit. During one phone conversation recorded by the unnamed coconspirator, Bauer allegedly tells the person to destroy $175,000 in cash because his fingerprints are on it. “You know what, if you feel better burn the money and I’ll give it back to you,” Bauer says. “Burn it?” the person asks. “I would burn it in a fire,” Bauer responds. It is not known whether the money actually was destroyed.

CLICK HERE TO SEE THE FBI PRESS RELEASE

5 comments:

Shoe Salesman said...

The NJ US attorney has it right: the corruption is endemic around big money, and where there is big money, you have a bunch of corrupt lawyers and judges stepping over their mothers to grab a piece of the action.

Anonymous said...

Just business as usual. This crook just didn't realize he has to buy protection the way they do in NY and make sure the partners at the law firm receive their kick-backs as untracable.

Jail4Lawyers said...

Another scumb*g lawyer who got nailed, good. Most lawyers are the same money grubbing sluts. So when do they get nailed? We have filed complaints with the DDC and it's a bad joke. All they do is cover up for their friends. I'm bend out of shape that we are paying for this and these same sluts now want more money is outrageous.

Anonymous said...

to bad they weren't Congressmen!

Anonymous said...

Recruiting new children into the Global Child Sex Trafficking/Pornography Industry, worth trillions of dollars worldwide, works this way in the United States (especially in the corrupt New York City Family Courts):

A Prostitute, usually coming from this same industry, entraps and has a child with a wealthy but naive father who she then divorces and makes him pay a fortune in mandatory Child Support, about 21% of his income a year for 21 years.

All the while, she provokes and instigates him repeatedly until he reacts and she can then obtain Orders of Protection against him, so he can never even see his own kids, but still pays a fortune in support.

Usually some type of Domestic Violence Women's group will represent that con-artist woman/prostitute for free, said group routinely staffed with Pedophiles and Sexual Deviants who also support and actively partake in the Global Child Sex Trafficking Industry. Some of these "agencies" even are so bold as to have a "wing" of their organization devoted to "stopping or preventing child sex trafficking." (The Lady Doth Protest Too Much - William Shakespeare) to further obfuscate and cover their tracks and true intentions.

This is all the while the poor SOB Father has to pay hundreds of thousands of dollars for lawyers who always lose, owing to the above, and the following:

The Family Court Judges in New York City and the Law Guardian chosen in these child custody cases (and the Court Appointed Forensic Psychologists) are also Perverts, Pedophiles, and they support and participate in the Global Child Sex Trafficking/Pornography Industry, and may even be willing and active participants.

The Family Court Judge and Law Guardian are literally hand picked by the "Domestic Violence Women's Lobbying Group" to ensure that those kids never ever see their Fathers (who can protect them) again, by repeatedly and consistently disallowing those Fathers to see their children, with less and less time, until finally the Father's Parental Rights are terminated for good, leaving those poor defenseless children in the sole custody of that vile, drug addicted, alcoholic, violent, deranged, descendent of the child porn industry prostitute mother, who now, free to do so without any prevention by the estranged and removed Biological Father - SURPRISE! sells those kids off to the highest bidder in the Global Child Sex Trafficking/Pornography Industry, again, worth trillions of dollars a year.

And then the cycle repeats itself a generation later with those "sold off children" doing it to their own kids, their souls having been lost forever.

Meanwhile the FBI, ICE, DHS, and other Federal and State Law Enforcement Agencies do absolutely nothing (many of them may be pedophiles, partaking of this child sex industry as well).

These "law enforcement agencies" will tell you "it's not in their Mandate" or "there's nothing we can do," and will tell you to refer it to the Administration for Childrens Services ("ACS") which is equally if not more corrupt, also staffed with incompetents and corrupt caseworkers, and at the higher levels perverts and pedophiles, and also just as beholden and owned by the Global Child Sex Trafficking/Pornography Industry as the specially selected Family Court Judges and Law Guardians.

All ACS ever does is sweep legitimate allegations and complaints about the above under the rug, while attacking and vilifying the Complainant.

In other words, there is a Grand Conspiracy of Global Child Sex Trafficking, completely fool proof and airtight, and no one can (or will) do a goddamned thing about it.

If you try and complain about it, or try and launch an investigation into it, both you and your world will be crushed by the awesome money, power, political connections, lobbying groups, and "professionals" in charge of maintaining and preserving this "industry."

Count on it.

Blog Archive

See Video of Senator John L. Sampson's 1st Hearing on Court 'Ethics' Corruption

The first hearing, held in Albany on June 8, 2009 hearing is on two videos:


               Video of 1st Hearing on Court 'Ethics' Corruption
               The June 8, 2009 hearing is on two videos:
         
               CLICK HERE TO SEE Part 1
               CLICK HERE TO SEE Part 2
Add to Technorati Favorites