Tuesday, March 12, 2013

It may be hard to argue with success

AS MENTIONED IN THE FOLLOWING POST, IT WOULD APPEAR THIS GUY HAS SUCKED AT LEAST 1.9 BILLION OUT OF THE THIN AIR. STOLEN BILLIONS! ya gotta give a little credit for the evil genius factor
An AMAZING trail!





Mel Content  
Is this the same Mitch Stein who is behind the 1.9 billion dollar National Century Financial scam? The same one who funneled deals through EMedsoft, Sanga, Chartwell, etc., etc. etc.? The same guy who banked all the loot through Manny Barling and his wife, Tracey Hampton Stein who controlled Beverly National Irrev Trust, The Trammel Trust and scads of other money laundering shells?

I can't believe they haven't put that guy away. There isn't enough bandwith on the internet to list all the crooked deals that guy is in on. The only question is where those irrev trusts are cited and how much money has been laundered and exported. This mortgage mass joinder stuff is chickenfeed compared to what that guy's stolen since the late 90's. Look up Avanir Pharmaceuticals or Healthmed on SEC Edgar and start digging. Its all there if you know what to look for. Simply amazing the guy isn't in prison yet with Lance Poulsen.

ONE OF MY FAVORITES:
Robany, Inc., A Tracey Hampton Stein production
THEY DO  ROB-ANY!

Park State Equities
Tajstein Trust




http://www.secform4.com/insider-trading/810365.htm
YOU HAVE TO CHANGE SETTING TO "ALL DATA"













THE EARLY ONES:

1) Mitchell J. Stein,
    (2) Emmanuel Barling, Jr.,
    (3) Tracey Hampton,
    (4) Colter Associates, G.P.,
    (5) International R.C. Securities, G.P.,
    (6) Healthmed, Inc.,
    (7) Park State Equities, Inc.,
    (8) Robany, Inc.,
    (9) Sabra, Inc.,
   (10) Sabra International,
   (11) Swab Financial, LLC,
   (12) Trayton Securities, LLC,
   (13) The Trammel Trust,
   (14) Trammel Investors, LLC,
   (15) Wilson Associates, G.P., and
   (16) World Trust Investments, Inc.



Clinton Fund-Raising Watch

by Josh Gerstein
Wed, 20 Feb 2008 at 1:11 PM
 Print Send RSSShare:    
Advisers to Senator Clinton are now openly blaming a lack of resources for their failure to fight Senator Obama's presidential campaign more aggressively in caucus states and elsewhere. They are also intent on not being outgunned by Mr. Obama in the remaining contests.
To that end, the Clinton campaign has begun another intense round of fund-raising. The Sun reported today on attempts to seek new Jewish, Irish, Asian, and Indian donors. (Yes, we know India is in Asia, but that's the way the Clinton folks described their outreach.)
It's all hands on deck for the Clinton fund-raising operation now. On Tuesday next week, two members of Congress, Kendrick Meek of Florida and Hilda Solis of California, will offer donors of $250 or more "cocktails and conversation" with "senior campaign advisors" to Mrs. Clinton. Mrs. Clinton and President Clinton will also pitch in. On Monday, Mrs. Clinton will host a "Hillary Live!" event at George Washington University in Washington. Tickets were originally $100 a head, but have recently been cut to as low as $25.

President Clinton is spending the next couple of days stumping in Texas, but on Friday he'll jet to Florida, which already voted (sort of), to pick up some cash at three $1,000 and up events. First stop, Boca Raton at the home of a vice chairwoman of the United Jewish Communities, Rani Garfinkle. Also leading that event: a Florida state senator, Ted Deutch and his wife Jill; Tracey Hampton Stein and Mitchell Stein; the Mayor of Palm Beach, Lois Frankel, and Norma Grill, who is the mother of a Washington Post writer, Laura Blumenfeld. Second stop: the Parkland, Fla. home of Michael and Marilyn Moskowitz. Third stop: the Grand Bay Club in Key Biscayne, Fla. Hosts are a family of Miami-area condominium developers, the Defortunas, an international lawyer, Daniel Korn, and a New York-based real estate broker, Kathy Sloane.

Of course, the Clinton campaign's efforts could be dwarfed by a new political group being set up by Clinton backers, the American Leadership Project. It isreportedly seeking $10 million for pro-Clinton ads. That group will not be subject to the $2,300 limit on donations to federal political campaigns and is certain to ignore the $5,000 limit on donations to committees involved in federal elections.



9-23-2000

Byline: Bill Hillburg Washington Bureau 

HIDDEN HILLS - President Clinton will slip into the San Fernando Valley and behind the gates of tony Hidden Hills on Sunday evening for a Democratic National Committee fund-raising dinner at the home of campaign donor Tracey Hampton. 

Hampton, owner of a Beverly Hills medical supply company and a relative newcomer to Democratic fund-raising, has given $20,000 this year to Democratic causes, according to Federal Election Commission records. 

Her contributions include $9,000 to first lady Hillary Clinton's New York campaign for the U.S. Senate and $1,000 to Rep. Brad Sherman, D-Woodland Hills, according to FEC documents. 

Hampton could not be reached for comment Friday. 

A congressional source said the Hidden Hills event will be ``very exclusive, very private and very expensive.'' 



THE WHITE HOUSE
Office of the Press Secretary

For Immediate Release May 22, 2000
REPUBLIC OF SOUTH AFRICA STATE DINNER

THE PRESIDENT and MRS. CLINTON

The Vice President and Mrs. Gore

Mr. Thabo M. Mbeki; President of the Republic of South Africa Mrs. Zanele Mbeki; Wife of the President of the Republic of South Africa Dr. Nkosazana Dlamini-Zuma; Minister of Foreign Affairs Mr. Jeff T. Radebe; Minister of Public Enterprises Mr. Alec Erwin; Minister of Trade and Industry Ms. Ivy Matsepe-Casaburri; Minister of Posts, Telecommunications and Broadcasting HE Sheila Sisulu; Ambassador of the Republic of South Africa to the United States
Rev. Frank Chikane; Director General, Office of the President Mr. Moss Ngoasheng; Economic Adviser to the President Mr. Titus Mafolo; Policy Adviser to the President Advocate Mojanku Gumbi; Legal Adviser to the President Mr. Sipho M. Pityana; Director General, Department of Foreign Affairs Mr. Andile Ngcaba; Director General, Department of Communications Mr. Jerry M. Matsila; Deputy Director General for Europe and the Americas, Department of Foreign Affairs
Amb. Billy Modise; Chief of Protocol
Mr. Ndumiso N. Ntshinga; Chief Director of the Americas, Department of Foreign Affairs
Ms. Thami Ngwevela; Consul General in New York Mr. M. Nkosi; Director of the Director's Office, Department of Foreign Affairs

Ms. Karen R. Adler; Consultant

Mr. Laurence Greenwald; Attorney, Strooch, Strooch and Lavan

Mrs. Shahara Ahmad-Llewellyn; Vice Chair, Philadelphia Coca-Cola Bottling Company

Mr. J. Bruce Llewellyn; Chairman, Philadelphia Coca-Cola Bottling Company

Hon. Madeleine K. Albright; Secretary of State

Ms. Alice P. Albright (daughter)

Mrs. Margo Alexander; Chairman and CEO, Mitchell Hutchins Asset Management, Paine Webber
Mr. Robert Alexander; President, Alexander and Associates
Dr. Drew E. Altman; President and CEO, The Henry J. Kaiser Family Foundation
Ms. Pamela Koch
Hon. J. Brady Anderson; Administrator, Agency for International Development
Mrs. Betty Wray Anderson
Vice Admiral Robert Claude Simpson Anderson; Chief of the South African Navy
Republic of South Africa Business Delegation
Mr. Coleman Andrews; Republic of South Africa Business Delegation
Hon. Dennis W. Archer; Mayor of Detroit, Michigan
Hon. Trudy Duncombe Archer; Judge, 36th District Court, Detroit, Michigan
Hon. Bruce Babbitt; Secretary of the Interior
Hon. Harriet Babbitt; Deputy Administrator, United States Agency for International Development
Hon. David J. Barram; Administrator, United States General Services Administration
Mrs. Joan Barram
Mr. Thomas Barry; COO, Telkom South Africa
Mrs. Terri Barry
Hon. Charlene Barshefsky; United States Trade Representative
Mr. Edward Cohen; Deputy Solicitor, Department of the Interior
Hon. Dick J. Batchelor; Dick Batchelor Management Group
Mrs. Andrea Batchelor
Mr. Harry Belafonte; Artist
Mrs. Julie Belafonte
Hon. Samuel R. Berger; Assistant to the President for National Security Affairs
Mrs. Susan Berger
Mr. Peter Biehl; Co-Founder, Amy Biehl Foundation
Mrs. Linda Biehl; Co-Founder, Amy Biehl Foundation
Mr. Theodore Bikel; Actor, Musician and President of the Associated Actors and Artistes of America
Mr. Jack Golodner; President, Department of Professional Employees, AFL-CIO
HRH Prince Bandar bin Sultan; Ambassador of Saudi Arabia to the United States
Hon. Charles Brain; Assistant to the President and Director of Legislative Affairs
Mrs. Maureen Brain
Ms. Donna Brazile; Campaign Manager, GORE 2000
Mr. Howlie Davis; Vice President, CH2M HILL COMPANIES
Hon. (Sen.) John Breaux; D/Louisiana
Mrs. Lois Breaux
Hon. Charles Burson; Assistant to the President and Chief of Staff and Counselor to the Vice President
Mrs. Bunny Burson; Special Assistant to the Assistant Secretary for
Public and Intergovernmental Affairs, Department of Veterans Affairs
Hon. William C. Campbell; Mayor of Atlanta, Georgia
Mrs. Sharon Campbell; Coordinator of Parent and Community Support, Atlanta Public Schools
Mr. Jonathan Todd Capehart; New York Daily News Editorial Board
Ms. Margaret C. Hunt; Registered Nurse (mother)
Hon. (Rep.) Benjamin Cardin; D/Maryland
Mrs. Myrna Cardin
Hon. Cheryl Carter; COO, L.A. Convention 2000
Mr. Thomas Carter; President, Thelonious Monk Institute of Jazz
Dr. Joan Challinor; Vice Chair, United States National Commission on Libraries and Information Science
Dr. David Challinor; Scientist Emeritus, The Smithsonian Institution
Mr. James Chiweshe; Safika Technologies, Republic of South Africa Business Delegation
Hon. (Rep.) Donna Christian-Christensen; D/United States Virgin Islands
Mr. Christian Christensen; Retired Military Officer
Hon. (Rep.) James E. Clyburn; D/South Carolina
Mrs. Emily England Clyburn
Mr. Larry L. Cockell; Assistant Director, United States Secret Service
Mrs. Pamela Rachal Cockell
Hon. William S. Cohen; Secretary of Defense
Mrs. Janet Langhart Cohen
Mrs. Betty Currie; Personal Secretary to the President
Hon. William M. Daley; Secretary of Commerce
Hon. Ronald V. Dellums; President, Healthcare International Management Company and
Chair, Presidential Advisory Council on HIV and AIDS
Mrs. Cynthia L. Dellums; President and CEO, Ronald V. Dellums
Foundation
Hon. David N. Dinkins; Professor, Columbia University School of International and Public Affairs and 106th Mayor of New York City
Mrs. Joyce Dinkins
Dr. Ronald I. Dozoretz; Chairman and CEO, FHC Health Systems
Mrs. Beth Dozoretz
Hon. J. Terry Edmonds; Assistant to the President and Director of Speechwriting
Mrs. Antoinette Edmonds
Hon. (Sen.) Russell Feingold; D/Wisconsin
Mrs. Mary Feingold
Mr. Frank Ferrari; Vice President, Pro Ventures, Republic of South Africa Business Delegation
Mr. Gerrit Ferreira; RMB, Republic of South Africa Business Delegation
Hon. C. Virginia Fields; President, Borough of Manhattan
Mr. R. Keith Walton; The Secretary, Columbia University (guest)
Hon. (Rep.) Harold E. Ford, Jr.; D/Tennessee
Ms. Dana Baxter (guest)
Hon. Johnny Ford; Alabama State Representative and Founder of the World Conference on Mayors, Inc.
Mrs. Romanita Ford; State Health Planner, Alabama State Health Planning Agency
Mr. Morgan Freeman; Actor
Ms. Donna Lee; Publicist for Mr. Morgan Freeman (sister-in-law)
Hon. Mary Mel French; Chief of Protocol, United States
Mrs. Demetra Judy Green; Vice President, People for the American Way (guest)
Hon. (Sen.) William H. Frist; R/Tennessee
Mrs. Karyn M. Frist
Hon. Leon Fuerth; National Security Advisor to the Vice President
Mrs. Lynn Fuerth
Mr. Willie E. Gary; Senior Partner
Gary, Williams, Parenti, Finney, Lewis, McManus, Watson and Sperando
Mrs. Gloria Royal Gary
Hon. Daniel R. Glickman; Secretary of Agriculture
Mrs. Rhoda Glickman
Ms. Sandra Jane Gordon; Sasani Ltd., Republic of South Africa Business Delegation
Mr. Rudolf Gouws; RMB, Republic of South Africa Business Delegation
Dr. Earl Graves, Sr.; Chairman and CEO, Earl G. Graves, Ltd. and Publisher, Black Enterprise Magazine
Mrs. Barbara Graves
Mr. Ernest G. Green; Chairman, African Development Foundation and
Managing Director, Lehman Brothers
Mrs. Phyllis Green
Dr. Samson Makhudu Gulube; Medical Research Council, Republic of South Africa Business Delegation
Mrs. Lilibet Hagel (spouse of Hon. (Sen.) Chuck Hagel)
Mrs. Noel Ziller Smith; Oakton, Virginia (sister)
Ms. Tracey T. Hampton; Robany, Incorporated
Mr. Mitchell J. Stein; Director, EMedsoft.com (guest)
Mr. Rusty Harmon; Manager for Darius Rucker and Hootie and the Blowfish
Mr. Richard Noel Gusler; Attorney for Hootie and the Blowfish (guest)
Ms. Barbara Harrison; Anchor, NBC 4 Washington
Mr. John Pyles; President, Pyles Development Corporation
Mr. Chick Harrity; Chief Photographer, U.S. News and World Report Magazine
Ms. Yvonne Henry
Hon. (Rep.) Alcee L. Hastings; D/Florida
Ms. Beverly Falby; Foreign Policy Advisor to Hon. (Rep.) Alcee L. Hastings (guest)
Hon. (Sen.) Orrin Hatch; R/Utah
Mrs. Elaine Hatch
Hon. Alexis Herman; Secretary of Labor
Dr. Charles L. Franklin; General Practitioner
Rev. Benjamin Hooks; President, National Civil Rights Museum
Mrs. Frances Hooks
Hon. (Rep.) Amo Houghton; R/New York
Mrs. Priscilla Houghton
Mrs. Charlayne Hunter-Gault; Johannesburg Bureau Chief, CNN
Mr. Ronald Gault; Managing Director, JP Morgan Bank, South Africa
Mr. Eugene Jackson; World African Network
Rev. Jesse L. Jackson, Sr.; Founder and President, Rainbow/PUSH Coalition and the
President's Special Envoy for the Promotion of Democracy and Human Rights in Africa
Ms. Jacqueline Lavinia
Dr. Irwin Jacobs; CEO, Qualcomm Inc.
Mrs. Joan Jacobs
Hon. Charlene Drew Jarvis; Chair Pro Tempore, Council of the District of Columbia
Mr. Ernest Drew Jarvis, Jr.; Insignia/ESG (son)
Hon. (Rep.) William J. Jefferson; D/Louisiana
Dr. Andrea Jefferson; Southern University at New Orleans
Hon. Ben Johnson; Assistant to the President and Director of the President's Initiative for One America
Mrs. Jacqueline L. Johnson
Hon. (Rep.) Eddie Bernice Johnson; D/Texas
Mr. Thomas Henderson; Former Dallas Cowboy (guest)
Mr. Robert L. Johnson; Chairman and CEO, Black Entertainment Television
Mrs. Sheila Crump Johnson; Executive Vice President of Corporate Affairs
Black Entertainment Television
Hon. William A. Johnson, Jr.; Mayor of Rochester, New York
Mrs. Sylvia McCoy Johnson; Assistant United States Attorney, Western District of New York
Ms. Linda Johnson Rice; President and COO, Johnson Publishing Company, Inc.
Mr. Mel Farr, Sr.; Owner, Mel Farr Automotive Groups (guest)
Mr. Anthony L. Jones; President and CEO, Tonya, Incorporated
Mrs. Lisa Jones; Vice President of Finance, Tonya, Incorporated
Hon. Daryl Jones; Florida State Senator
Mrs. Myoushi Jones
Mr. Peter Kadzik; Partner, Dickstein, Shapiro, Morin and Oshinsky
Ms. Amy Weiss; Senior Vice President of Communications
Recording Industry Association of America (guest)
Mr. Chu-Cheng Kan; Mustek Ltd., Republic of South Africa Business Delegation
Mrs. Ethel S. Kennedy
Mr. Maxwell Kennedy; The Watershed Institute (son)
Mrs. Patricia Kenner; Vice President, Campus Coach Lines
Mr. Jeffrey Kenner; President, Kenner and Company Investments
Hon. (Rep.) Carolyn C. Kilpatrick; D/Michigan
Mr. John Hunt (guest)
Mr. Lenny Kravitz; Musician
Hon. Robert D. Kyle; Associate Director for National Security and International Affairs
Office of Management and Budget
Ms. Kathryn Fulton
Hon. Anthony Lake; Georgetown University
Ms. Carolyn Lamm; Senior Partner, White and Case
Mr. Peter Halle; Senior Partner, Morgan, Lewis and Bockius
Hon. Robert Lawrence; Member, Council of Economic Advisers
Ms. Nicole Reindorf; Independent Television Producer
Mr. Emmanuel Lediga; Legae Securities, Republic of South Africa Business Delegation
Mr. Spike Lee; Director, Producer and Screenwriter
Mrs. Tonya Lewis Lee
Hon. Delano E. Lewis; American Ambassador to the Republic of South Africa
Mrs. Gayle Lewis
Mr. Edward Lewis; Chairman and CEO, Essence Communications, Inc.
Ms. Nicole Wright; Essence Communications (daughter)
Hon. (Rep.) John Lewis; D/Georgia
Hon. Reta Lewis; Partner, Greenberg Traurig
Mr. Carlton Lewis; President, DevCorp
Mr. Chris Liebenberg; NEDCOR, Republic of South Africa Business Delegation
Mr. Michael Chin-Hsuan Lin; Standard Textile Company/Ten Sportswear
Republic of South Africa Business Delegation
Hon. Mark Lindsay; Assistant to the President for Management and Administration
Mrs. Carla Lindsay; Booz-Allen & Hamilton Incorporated
Mr. C. Payne Lucas; President, Africare, Inc.
Dr. Freddie Hill Lucas; President, Lodestar, LLC
Mr. William Lucy; President, Coalition of Black Trade Unionists
Ms. Benita Lucy (daughter)
Mr. Bill Lynch, Jr.; President, Bill Lynch Associates, LLC and Vice Chair, Democratic National Committee
Mrs. Mary Lynch
Mr. Lesley Maasdorp; Deputy Director General, Public Enterprises
Republic of South Africa Business Delegation
Mr. Vincent Mai
Mrs. Anne Mai
Mr. Theodore R. Mann; Israel Policy Forum
Mrs. Rowena Mann
Hon. Sylvia Mathews; Assistant to the President and
Deputy Director of the Office of Management and Budget
Mr. David Lane; Chief of Staff to the Secretary of Commerce (guest)
Mr. Dave Matthews; Dave Matthews Band
Mrs. Val Matthews (mother)
Ms. Jane Mayer; Washington Correspondent, The New Yorker Magazine
Mr. William Hamilton; National Editor, The Washington Post
Hon. H. Carl McCall; Comptroller, State of New York
Dr. Joyce F. Brown; President, Fashion Institute of Technology
Ms. Judith A. McHale; President and COO, Discovery Communications, Inc.
Mr. Michael O'Halloran
Hon. (Rep.) Gregory Meeks; D/New York
Mrs. Simone-Marie Meeks
Rev. James Trent Meeks; Vice President, Rainbow/PUSH Coalition
Mrs. Jamell Meeks; Salem Baptist Church of Chicago
Hon. Kweisi Mfume; President, NAACP
Ms. D'Andrea Lancelin; Director to the Board of Public Works, State of Maryland (guest)
Hon. Edward Miller; Member, Democratic National Committee of Texas
Mrs. Dorothy Miller
Mr. Donald Mncube; Real Africa Investments, Republic of South Africa Business Delegation
Hon. Minyon Moore; Assistant to the President and Director of Political Affairs
Mr. David Mercer; President, Mercer and Associates (guest)
Mr. Aboobaker Moosa; Avalon, Republic of South Africa Business Delegation
Mr. Leepile Benjamin Mophatlane; Republic of South Africa Business Delegation
Advocate Kgomotso Ditsebe Moroka; State Information Technology Agency
Republic of South Africa Business Delegation
Mr. Lewis Moye, Jr.; President, St. Louis Chapter of the Coalition of Black Trade Unionists and
Member, United Auto Workers Local 110
Mrs. Ann Moye
Hon. (Rep.) Eleanor Holmes Norton; D/District of Columbia
Mr. John H. Norton; ABC Sports (son)
Hon. (Rep.) Donald Payne; D/New Jersey
Ms. Denise Banks; Department of Agriculture (guest)
Mr. Abdul Kadar Peer; L A Group, Republic of South Africa Business Delegation
Mr. Michael Perik; Chairman, Skill Tutor.com
Mrs. Elizabeth Perik; Director, Boys and Girls Club of Boston, Massachusetts
Mr. Ugaraja Pakkirj Pillay; Coastal Group Ltd., Republic of South Africa Business Delegation
Hon. John Podesta; Chief of Staff to the President
Mrs. Mary Podesta
Mr. Awadagin Pratt; Concert Pianist
Ms. Anna Weyden; Honolulu Symphony Associates (guest)
Mr. Hugh B. Price; President and CEO, National Urban League
Mrs. Marilyn Price; Senior Operations Associate
Manpower Demonstration Research Corporation
Mrs. Alice Pushkar; Special Assistant to the President and Director of First Lady's Correspondence
Mr. Raymond Pushkar; Partner, McKenna and Cuneo
Hon. Mary Molly Raiser; Former Chief of Protocol, United States
Mr. Mashudu Ramano; African Harvest, Republic of South Africa Business Delegation
Dr. Mamphela Ramphele; Managing Director, World Bank
Hon. (Rep.) Charles Rangel; D/New York
Mrs. Alma Rangel
Mr. Sello Rasethaba; State Information Technology Agent, Republic of South Africa Business Delegation
Hon. Janet Reno; Attorney General of the United States
Hon. Susan Rice; Assistant Secretary of State for African Affairs
Mr. Ian Cameron; Producer, ABC News
Hon. William Richardson; Secretary of Energy
Mrs. Barbara Richardson
Mr. Leonard Robinson, Jr.; President, The National Summit on Africa
Ms. Shala Davoudi; President, Elite Reprographics (guest)
Mr. Albert Roker, Jr.; NBC Today Show Weatherman
Ms. Deborah Roberts; ABC News Correspondent
Ms. Sonya Ross; White House Reporter, Associated Press
Mr. Bruce Walker; Attorney, United States Coast Guard (guest)
Hon. (Rep.) Edward Royce; R/California
Mrs. Marie Royce; Vice President, Marriott International
Dr. Howard Rubin; CEO, Rubin Systems, Inc. and
Chair, Department of Computer Science, Hunter College of the City University of New York
Ms. Roslyn Docktor; Vice President, McConnell International (guest)
Mr. Darius Rucker; Artist
Ms. Beth Leonard (guest)
Hon. Mara Rudman; Deputy Assistant to the President for National Security Affairs
Mr. Robert Tyrer; Chief of Staff to the Secretary of Defense (guest)
Ms. April Ryan; White House Correspondent, American Urban Radio Network
Mr. Tennie James; Vice President of Investment Management Division, Summit Bank
Hon. David Satcher; Assistant Secretary for Health and United States Surgeon General
Mrs. Nola Satcher; Poet
Mr. Frank Savage; Chairman, Alliance Capital Management International
Mrs. Lolita Valderrama Savage; International Artiste
Hon. Donna E. Shalala; Secretary of Health and Human Services
Mrs. Edna C. Shalala; Attorney, Rocky River, Ohio (mother)
Mr. Stanley K. Sheinbaum; Publisher, New Perspectives Quarterly
General Henry H. Shelton; Chairman, Joint Chiefs of Staff
Mrs. Carolyn Shelton
Mr. Mark Shuttleworth; Thawte Consulting, Republic of South Africa Business Delegation
Hon. Joseph Jake Simmons IV; Deputy Assistant to the President and
Director of the White House Military Office
Mrs. Myralon Simmons
Hon. Rodney E. Slater; Secretary of Transportation
Mrs. Cassandra Slater
Hon. (Rep.) Louise McIntosh Slaughter; D/New York
Mr. Robert Slaughter
Hon. Gayle Smith; Special Assistant to the President and Senior Director for African Affairs
Hon. Stephen Solarz; President, Solarz Associates
Mrs. Nina Solarz
Mr. Andy Spahn; Corporate Affairs, DreamWorks SKG
Ms. Jennifer Perry; Executive Director, Children's Action Network
Hon. Robert G. Stanton; Director of the National Park Service
Mrs. Janet Stanton
Mr. William Stavropoulos; President and CEO, DOW Chemical Worldwide
Mrs. Linda Stavropoulos
Mr. David J. Stern; Commissioner, National Basketball Association
Mrs. Dianne Stern
Ms. Diane Stevens; President, Natural Face New York
Ms. Denise Pease; Woman's Financial Association (guest)
Ms. Patricia Stonesifer; Co-Chair and President, Bill and Melinda Gates Foundation
Mr. Daniel Straus; Care One
Mrs. Joyce Straus; Care One
Hon. Lawrence H. Summers; Secretary of the Treasury
Ms. Sheryl Sandberg; Chief of Staff to the Secretary of the Treasury (guest)
Mr. Leland H. Swenson; President, National Farmers Union
Mr. Thomas Paul Buis; Vice President of Government Relations, National Farmers Union
Mr. H. Patrick Swygert; President, Howard University
Mrs. Sonja Swygert
Mr. Meshach Taylor; Actor/Producer
Mrs. Bianca Taylor; Entrepreneur, Bianca's Botanicals
Mr. Maurice Tempelsman; Chairman, The Corporate Council on Africa
Mr. Leon Tempelsman; President, Lazare Kaplan International, Inc. (guest)
Ms. Sandra Thurman; Director, White House Office of National AIDS Policy
Mr. Keith Mason; Partner, Long, Aldridge and Norman (guest)
Hon. (Rep.) Karen Thurman; D/Florida
Hon. John Patrick Thurman
Mr. Jeffrey Toobin; The New Yorker Magazine and ABC News
Ms. Amy McIntosh; Bell Atlantic Corporation
Hon. (Rep.) Stephanie Tubbs Jones; D/Ohio
Mr. Mervyn Jones
Mr. John Tyson; Founding Director, Global Diamond Resources, Inc.
Mrs. Wabidia Tyson
Hon. Melanne Verveer; Assistant to the President and Chief of Staff to the First Lady
Mr. Philip Verveer; Partner, Willkie Farr & Gallagher
Mr. Mfundi Vundla; Morula Pictures, Republic of South Africa Business Delegation
Dr. James Wade; President, Associated Cost Engineers, Inc.
Mrs. Lavern Chatman; Philanthropist (guest)
Ms. Patti Ann Waldmeir; Legal Correspondent for Financial Times and
Author of Anatomy of a Miracle: The End of Apartheid and the Birth of a New South Africa
Dr. Mark Suzman; Assistant to the Administrator, United Nations Development Program (guest)
Mr. Marius Wanenburg; The Gate 3D Animation and Stock Animation
Republic of South Africa Business Delegation
Hon. Wellington Webb; Mayor of Denver, Colorado
Mrs. Stephanie Yvette O?Malley (daughter)
Ms. Rosa Whitaker; Assistant United States Trade Representative for Africa
Mr. Carlton Masters; President and CEO, GoodWorks International (guest)
Mr. DeWayne Wickham; Columnist, USA Today
Ms. Zenita Ann Wickham; Attorney, Steptoe and Johnson (daughter)
Dr. Ernest James Wilson III; University of Maryland
Dr. Francille Rusan Wilson; University of Maryland
Mr. BeBe Winans; Entertainer
Mr. Mike Eldred; Entertainer
Mr. Stevie Wonder; Entertainer
Mr. Brian LaRoda; Personal Assistant to Mr. Stevie Wonder (guest)
Hon. Andrew Young; Chairman, GoodWorks International
Mrs. Carolyn Young; GoodWorks International
Mr. Sandile Zungu; Global Africa Holdings, Republic of South Africa Business Delegation
###



And what I was tryingto tell you was I always told him he should have a hedge
fund in order to manage his own stuff, and Legends was
that hedge fund, it became the hedge fund.
We bought a piece of property in Austin, Texas,and were going to build a massive golf teaching center.................
I raised money, we bought the property, about
six months down the line somebody offered us what we
thought was an exorbitant price for the property, and we
sold it.
We had, you know -- he would always operate inway where he would give me either a check, which he
did in the beginning, or would DTC me, and at that point
he had 26 million shares, I believe it was, if I
remember correctly, of e-MedSoft, and at one point he
DTC'd me 250,000 shares -- no, I think he started with
50,000 free trading and 250 restricted. And this is
from memory, but it's ballpark.

Just for the record, what are you specifically
referring to when you say "DTC"?
It's a way to transfer stock from one account
to another. And the stock would come from, you know,
his various entities.
Well, I brought to the table, in the case of
e-MedSoft, which is the most significant, we already
talked about Red Coat -- I brought them to the table,
and then he took over. And they bought over 15 million
shares of E-MedSoft.

Who's "they"?

.............. two
principals of Red Coat. They were introduced to Mitch
Stein and e-MedSoft by me. I brought them to the table,
and then he took over completely. He actually spent
nearly a month in their offices during a period of time
in which e-MedSoft went from under a dollar to over four
dollars.

You said that e-Med stock was his currency at
the time? What did you mean by that?
That's how he paid people. He paid others with
e-Med stock as well, because he had so many shares, he
could never have sold them all, although he did manage
to sell what appears to be 20 million shares or so.

And so whatever you understood that whatever
work you did for him on this consulting agreement, you
were getting paid in e-Med shares?
That wasn't the understanding. That's what
happened.

It may havebeen someone -- but of course, Mitchell forbid me to
meet with more than one board member at a time. He left
that in a voice message. Only meet with one at a time,
don't put issues on the table, then I'll have to correct
it and get rid of them. I have that voice message.
You'll enjoy that. (In reference to Recom)


A friend jokingly said of this place... is that where all the money is?

http://www.city-data.com/nashville/G/Gen-George-Patton-Road-41.html


http://www.johngregorydommel.com/wp-content/uploads/2012/01/2004-06-16-Steve-O.-Sparks-vs.-Signalife.pdf

http://www.sec.gov/litigation/complaints/2011/comp22204.pdf

http://www.ohsb.uscourts.gov/OHSB/Opinions/Columbus/Hoffman,JohnEJr/03302010110903.pdf

" a $100,000,000 asset previously purchased from Ms. Stein"


Sunday, February 27, 2005



Sunday, February 27, 2005

 The Dark Side of 3rd Party Marketing
Hedge Funds Can Be Headache
For Broker, as CIBC Case Shows

By SUSANNE CRAIG
Staff Reporter of THE WALL STREET JOURNAL
February 22, 2005; Page C1

On Wall Street, hawking hedge funds has become hugely profitable. But a recent arbitration award against Canadian Imperial Bank of Commerce shows the downside for brokerage firms that market these lightly regulated investment vehicles.

A three-person arbitration panel this month ordered the bank's brokerage arm, CIBC World Markets, to pay almost $3.6 million to 11 wealthy investors who lost $5.5 million investing in a New York-based hedge fund marketed by the firm. One of the investors was former professional baseball player Bobby Bonilla.

The case is a cautionary tale for both brokers who are pushing hedge funds more aggressively and for investors who are putting more of their savings into them. Hedge funds are private investment partnerships that traditionally have catered to the wealthy and big institutions, but they increasingly are available to smaller investors. The funds sometimes make high-stakes bets on stocks, currencies and other investments, often using borrowed money to boost returns.

U.S. hedge funds today manage about $1 trillion in assets, up from around $400 billion just four years ago.

In the CIBC case, the aggrieved investors claim that the bank's brokerage conducted almost no "due diligence," or research, on the fund that it sold its client, part of a hedge-fund family known as Red Coat, and failed to disclose that some of Red Coat's other funds were losers. Then, after they learned that the fund was tanking, they weren't allowed to cash out -- even though a CIBC employee involved in the brokerage's marketing efforts for Red Coat was allowed to pull his money, documents in the arbitration show.

"This case sends a message that firms can be held accountable if they market a virtually unregulated product to their customers without performing proper due diligence and then fail to monitor once it has been sold," says Philip Aidikoff, the investors' lawyer.

CIBC declined to comment. During the arbitration process, it said it did extensive background research on Red Coat and argued that the investors were well aware of the risky nature of the investment, having signed agreements stating Red Coat was "designed for sophisticated persons who are able to bear the risk of substantial loss."

Most people who put money in hedge funds have few legal options if they feel they were wronged when investments go sour, other than going through the costly process of suing. Brokerage clients, however, agree ahead of time to settle any disputes through arbitration, usually overseen by the National Association of Securities Dealers. That restricts their access to the courts, but provides a lower-cost alternative.

The CIBC case is one of the first big ones involving a hedge fund to snake its way through the arbitration process, so it could be a harbinger. Unlike judges in court cases, arbitration panels don't formally create precedents that subsequent panels must follow because each case is decided independently on its merits. But arbitrators sometimes look to other decisions for guidance.

Because most of their investors are very wealthy and sophisticated, regulators have approached hedge funds with a laissez-faire, buyer-beware attitude. But U.S. federal regulators have moved to increase scrutiny of the vehicles as they have become more available to the middle class.

That trend has been driven in part by the desire of Wall Street firms like CIBC World Markets to get into the lucrative game, selling their own hedge funds, creating investment vehicles based on multiple hedge funds (so-called funds of funds) and marketing independently run hedge funds in exchange for a share of the fees that investors pay.

Traditionally, hedge funds have required an initial investment of at least $1 million. But some clients who invested in Red Coat through CIBC World Markets put down as little as $75,000, suggesting that some might not have been as wealthy as typical hedge-fund investors. Red Coat charged investors a 1% management fee, plus 20% of any profits the fund earned. CIBC World Markets got one-fourth of both fees for clients it steered toward Red Coat -- or one-quarter of a penny for every dollar invested plus 5% of any fund profits, the brokerage firm said during the arbitration process. CIBC shared those proceeds with its brokers.

Red Coat also steered stock-trading business -- and the commissions it paid for such services -- to the CIBC brokerage. That provided an added incentive for CIBC brokers to steer investment clients to Red Coat, Mr. Aidikoff says. In September 2000, the executive who ran the CIBC World Markets office in Los Angeles told the CIBC executive in charge of deciding which hedge funds to market to CIBC clients that Red Coat had promised to double the amount of stock-trading commissions it would pay the brokerage to $3 million in 2002.

"This is a very sharp group of individuals that are worthy of our consideration and hopefully your department's approval," CIBC's Los Angeles-based Richard Wisely said in the letter to Howard Singer, the chief of the brokerage's Alternative Investments Group. Mr. Wisely no longer works for CIBC and didn't respond to requests for comment.

Mr. Aidikoff says most of his clients were persuaded to invest in Red Coat by CIBC in early 2001 -- without being told that Red Coat's other funds weren't doing very well. In a letter to Red Coat investors the previous November, the former mutual-fund executive who ran the hedge fund, Ken Londoner, said 2000 performance for one of his other funds was "very disappointing." Mr. Aidikoff says CIBC would have known about this letter if had done proper due diligence on Red Coat.

CIBC told the aggrieved investors that Red Coat was a good way to invest in a broad range of companies, Mr. Aidikoff said in the arbitration proceeding, adding that the clients also were told the fund wouldn't invest more than 5% of its assets in any one stock and would automatically sell any stock that dropped in value by 15%.

In September 2001, the hedge fund's performance took a turn for the worse, and CIBC canceled its sales agreement with the hedge fund a month later. But CIBC's clients were locked into the fund because they had signed documents agreeing to keep their money in the fund for a year unless the fund gave them permission to withdraw earlier. All 11 of the aggrieved investors tried to cut their losses by liquidating their investments, but Mr. Londoner refused to let them, Mr. Aidikoff says.

One of that fund's investors, however, was allowed to liquidate: Mr. Wisely, the man who used to run CIBC World Markets' Los Angeles office and who told CIBC's alternative investment chief, Mr. Singer, that Red Coat's managers were "worthy." Mr. Wisely had told Red Coat's Mr. Londoner in an August 2001 letter that he needed the money so he could help out a brother who was going through a divorce.

Later, in a letter to another CIBC executive, Mr. Singer called Mr. Wisely's move a "preferential" liquidation that constituted "a significant ethical breach." Mr. Singer couldn't be reached for comment.

By the end of 2001, Mr. Aidikoff said during the arbitration process, the fund's assets had fallen in value by 71%, and investors learned that most of Red Coat's assets -- including some borrowed funds -- were invested in the poorly performing stock of one health-care company: e-MedSoft.com, which is now known as Med Diversified and has been in bankruptcy proceedings since late 2002.

2 comments:

Anonymous said...

Wow. Just saw this. Awesome. It's been a long time coming.

Better to be middle class, honest and free than to be rich, crooked and imprisoned, eh? Mitchy?

Mel Content.

Mel Content said...

Oh, and here's the the series of LLC's and trusts Mitch used to get the dough to Luxembourg and Switzerland.

Park State Equities:
http://www.wysk.com/index/california/beverly-hills/jj8dxgn/park-state-equities-inc/profile
Robany, Inc.
http://www.wysk.com/search/doEntitySearch.cfm?q=C1924238+ROBANY%2C+INC.
SWAB Financial/ Trammel Trust:
http://www.wysk.com/index/california/hollywood/hnx43kr/swab-financial-llc/profile
Five Star Air Group/ Tajstein Trust:
http://www.wysk.com/index/florida/boca-raton/6g96fef/five-star-air-group-llc/profile


Sincerely,
Mel Content