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.ncfe.com/

http://www.secinfo.com/dsVsb.71Eu.d.htm

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

http://agreements.realdealdocs.com/Distribution-Agreement/STANDBY-EQUITY-DISTRIBUTION-AGREEMENT-2188775/

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=947267&SessionID=fY_wHSHpJOYgAl7

http://www.secinfo.com/dVut2.2mHa.5.htm

http://www.secinfo.com/dsVsb.4f8Js.d.htm#1stPage

http://www.secinfo.com/dVut2.79p2.htm

http://www.sec.gov/Archives/edgar/data/800181/0000948830-99-000163.txt

http://www.docstoc.com/docs/58095160/Settlement-Agreement---SIGNALIFE----5-11-2004

http://sec.gov/Archives/edgar/data/858803/0001047469-98-010029.txt

http://sec.edgar-online.com/med-diversified-inc/8-k-current-report-filing/1999/01/19/Section2.aspx

http://www.secinfo.com/d18jpw.ve.htm#1stPage

http://www.secinfo.com/$/SEC/Name.asp?M=mitchell+j%2E+stein

http://www.corporationwiki.com/Florida/Boca-Raton/jayla-holdings-llc-2084223.aspx

http://www.sec.gov/litigation/complaints/2011/comp-pr2011-271.pdf

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

RSS

Share:

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.