Return To The Rule Of Law... Fix CMKX...!!
free-press-release.com
For_Immediate_Release:
United States of America (Press Release) January 27, 2009 -- A real letter to President Obama,
Dear President Obama,
An initial statement of congratulations. Not only have you made history, but you have actually given Americans hope, especially with your immediate executive orders and your promise to return to the rule of law to America.
I humbly suggest that the first place that you start with returning the rule of law to America is with the matter of CMKX Diamonds. We are a penny stock that was used as a sting operation to catch the MASSIVE naked short sellers on Wall Street. The company had literally trillions of shares electronically counterfeited, via the illegal practice known as Naked Short Selling, a practice that has been perpetrated by the enemies of this nation through offshore hedge funds with the assistance of non-enforcement of the law by our regulators.
According to Orrin Hatch, while member of the Senate Judiciary Committee, in 2005 he stated that a minimum of $6 billion per day was “naked shorted” which amounts to $6 billion per day being stolen out of the American economy by those who can only be deemed as the very worst of financial terrorists. The figure has risen since that time.
The intelligence agencies addressed this matter in 2004-2005 by bringing in top intelligence operative Robert Maheu, who helped facilitate the company taking a “non trading status” to lock in the naked short position, and thereafter, have a certificate pull and share count to expose the naked short position. Unfortunately for the shareholders, the management who took over for Mr. Maheu seemed to have another agenda as they counted the certificates and stopped just short of exposing the true naked short position, which of course, protected the naked short sellers. When the company stopped counting shares in 2006, there were trillions of uncounted naked shorted shares left so that the public share count reflected a reality that the company was never naked shorted at all. The question remains why stop the share count?
Very recently, former CEO and current Chairman of the Board Kevin West stated that the company “ran out of money to complete the share count,” the entire time the company was paying salaries, attorney fees, funding lawsuits and the like. This is a completely inconsistent position with the very nature of the certificate pull due to the fact it was used to prove the crux of the company’s claims – the naked short itself! Incidentally, the company and the related industry agents, spent several millions of dollars to fund the certificate pull and related newspaper publications, etc. Why would they stop just before exposing the facts that would blow the case wide open?
The concern that the shareholders have is that a separate group of people, which includes current management and according to some, former political figures, have hijacked the CMKX claims by transferring them from the Nevada Corporate entity known as CMKX to a separate CMKX company formed in Texas, a company in which the shareholders of the Nevada Corporation were not included. Did they cut a secret deal behind the shareholders’ backs? As you may note, you recently received a letter from our current CEO Mark Faulk which misdirected you from the facts I have stated above and towards a former CEO, Urban Casavant. Notice how Faulk focused upon justice against the former CEO and not the entities who have caused the financial terrorism with unrelenting naked short selling and counterfeiting? Such misdirection and a failure to identify the real criminals is completely consistent with terms of a confidentiality agreement. Was a secreted deal with the broker, dealers and the DTCC made and the shareholders excluded? Huge claims should still exist against the financial institutions; yet the company is refusing to pursue them, another fact consistent with the position that a deal was already made.
For that matter, current CEO Mark Faulk wrote a book about this stock in particular entitled “The Naked Truth,” and addressed naked shorting in the market as a whole, but conveniently would not commit to the fact CMKX was naked shorted and a sting operation was carried out. Then he somehow found the funds to purchase an existing radio station that was dedicated to exposing the facts of naked shorting with CMKX, started a campaign of disinformation against the possibility of a sting operation, and went so far as to state that the shareholders were a “cult” for believing that there was a sting operation. In the end, after all of this criticism, this serious critic of the shareholders and their beliefs mysteriously became the new CEO with out a single shareholder vote. Now, he has written you a letter as what many deem to be a serious misdirection at a time that you are promising to return to the rule of law. Very interesting timing indeed.
Mr. President, I write this letter to you for the shareholders, not a tightly knit special interest group within the company. The shareholders know that Robert Maheu was sent in to this situation to fix the problem and do as he promised, “extract maximum value for the shareholders.” The shareholders’ great concern is that Mr. Maheu was very successful in his task, but as his health failed and he passed away in 2008, the operation was hijacked by the insiders. There may even have been a settlement with the DTCC and CMKX - THE TEXAS CMKX - and again, the real shareholders from the Nevada Corporation were not included.
Sir, you have stated that America will return to the rule of law. I must say that those words are both powerful and a true deliverance of hope for all Americans at a time of despair. Will you please look into this situation and help bring justice to the approximately 50,000 shareholders who have been literally on pins and needles for over five years?
Many thanks and God Bless,
Tuesday, January 27, 2009
Thursday, January 22, 2009
CMKX - CMKM Diamonds - SEC Probe In Madoff Scam...??
SEC Self-Probe? Ha!
SAN DIEGO READER
By Don Bauder | Published Wednesday, Jan. 21, 2009
The Securities and Exchange Commission, the federal agency that is supposed to protect investors from Wall Street predators, says it is going to investigate how it missed the Bernie Madoff scam. San Diego’s Gary Aguirre, speaking from personal experience, knows that’s impossible. Any securities agency probe will be a cover-up.
New York’s Madoff ran a $50 billion Ponzi scheme. The securities commission admits that allegations about Madoff’s scheme had been repeatedly brought to the agency’s attention since 1999. “I am gravely concerned by the apparent multiple failures over at least a decade to thoroughly investigate these allegations,” proclaimed the agency’s Bush-era chairman, Christopher Cox, last month, announcing the supposed self-probe.
Balderdash. The only thing Cox is “gravely concerned” about is that the American public might finally understand the agency’s actual mission. For as Aguirre, a former attorney for the agency, points out, the Securities and Exchange Commission (SEC) does not exist to protect investors from Wall Street predators. It exists to protect powerful Wall Street predators from investors.
The notion that the agency can probe its own officials is hilarious — a real knee-slapper. In late December, Senator Arlen Specter (R-PA) heaped scorn on the securities agency’s ability to investigate itself in the Gary Aguirre case. Now the agency says it will open that probe again. “Reopening the investigation marks a new embarrassment for the beleaguered S.E.C., suggesting that, as in the Bernard Madoff case, it may have failed earlier to follow up adequately on strong indications of possible wrongdoing,” says Portfolio.com.
Aguirre puts it more strongly: the securities agency “cannot be trusted with an investigation of itself, especially when the investigation [involves] the highest levels of the SEC.”
Aguirre’s case lays bare everything that the securities agency is: a whorehouse catering to Wall Street’s elite. After a long and successful career practicing law in San Diego, Aguirre, brother of former City Attorney Mike Aguirre, decided to try public service. He joined the agency and began looking into a possible insider-trading case. A hedge fund, Pequot Capital Management, had made a bundle buying up stock in a firm just before the announcement that the firm would be acquired by another company. Pequot had also made money betting that the stock of the acquiring company would go down, as is normal. Before Pequot made those bets, John Mack, the hedge fund’s former chairman and a current investor, had talked with both the investment banking firm handling the acquisition and with Pequot’s current chairman, a close personal friend.
Aguirre wanted to interview Mack. But his boss said Mack had big Washington connections — specifically, to President George W. Bush. Aguirre protested. Just weeks after he had been given a strongly positive job review, Aguirre was fired. The Senate’s Committee on Finance and Committee on the Judiciary did a 108-page study on the matter.
There were some hair-raising findings. While Aguirre was trying to get the Mack interview, an attorney at the Debevoise and Plimpton law firm sent Paul Berger, Aguirre’s boss, an email with the opening words “Yowza!” It described how an ex-SEC lawyer could make $2 million a year with the firm. One of the top attorneys at the Debevoise firm contacted a senior official of the securities agency on behalf of Mack and behind Aguirre’s back. After he fired Aguirre, Berger took a job with Debevoise. Similar quid pro quos are called the “revolving door” phenomenon — agency officials do dirty work while at the commission and then go with a big law firm representing the crooks who got off. Mack wiggled off the hook and went on to become chief executive of Wall Street’s Morgan Stanley.
The two Senate committees vindicated Aguirre, denouncing his firing and concluding it was logical that he interview Mack. Then the agency’s inspector general, H. David Kotz, authored a 191-page study of the case. Kotz basically agreed with the two Senate committees. He recommended that the agency discipline its enforcement director and one other official. Kotz, too, blasted the ease by which the Wall Street law firm got special access to securities agency officials. He questioned the “impartiality and fairness” of the agency’s handling of the Mack investigation and firing of Aguirre.
Then the agency’s cover-your-ass team went into action. An administrative law judge, one Brenda Murray, was assigned to second-guess Kotz’s report. Just a few weeks later, her 15-page paper exonerated the two officials who Kotz said should be disciplined. Kotz was shocked and said so publicly.
Now we get to the heart of the agency’s double-dealing. As Senator Specter stated, Brenda Murray “was described in press accounts as an administrative law judge, and it was not until further inquiry that the SEC admitted she was not acting in a judicial capacity in issuing her decision.” In short, the agency picked a loyal staffer who happened to have the title “administrative law judge” and had her exonerate the officials who had been sharply criticized by the Senate committees and by the inspector general. But she was not acting as a judge at all — just a soldier taking orders.
Murray’s quickie report “was completely irregular in every detail,” says Aguirre. “It was outside the jurisdiction of an administrative law judge. The SEC pulled a scam.”
Senator Charles Grassley (R-Iowa), who spearheaded the investigation with Specter, said, “[I]t looked like the lawyers for the wrongdoers wrote the decision.”
Columnist Bruce Carton of Compliance Week wrote that agency staffers were stunned at the whitewash; Murray did not use the standard procedures for reviewing an internal-discipline recommendation. “Murray made her decision that discipline was not appropriate based almost exclusively on the one-sided information she received from counsel for the various subjects,” wrote Carton. “This information was not subject to any cross-examination or any follow-up by the [inspector general’s] office or other parties involved, and additionally was not provided under oath.”
One prominent attorney said that in Murray’s whitewash, the securities agency had merged “the functions of prosecutor, judge, jury, and appellate tribunal” under the same roof.
It gets even worse. One reason the Pequot case is being reopened is that a divorce suit has revealed that the hedge fund agreed to pay $2.1 million to a former Microsoft employee who was apparently feeding information on his former employer. “Pequot made a boatload of money” betting on Microsoft securities, based on such information, says Aguirre, but the agency found a way to drop the Microsoft angle of the investigation. But Aguirre has come up with new facts that have forced the agency to reopen the probe.
There’s more: In the same report in which she cleared Aguirre’s nemeses, Brenda Murray vindicated an agency official who closed an investigation into the derivatives dealings of Wall Street’s Bear Stearns in 2007. Early the next year, the Wall Street firm was rescued from bankruptcy when it was forced into J.P. Morgan, backed by $29 billion of federal money. Bear’s derivatives gambling was to blame. The agency missed it and then exonerated itself.
And the agency is going to look into whether it did its job properly in the Madoff case? Come now.
SAN DIEGO READER
By Don Bauder | Published Wednesday, Jan. 21, 2009
The Securities and Exchange Commission, the federal agency that is supposed to protect investors from Wall Street predators, says it is going to investigate how it missed the Bernie Madoff scam. San Diego’s Gary Aguirre, speaking from personal experience, knows that’s impossible. Any securities agency probe will be a cover-up.
New York’s Madoff ran a $50 billion Ponzi scheme. The securities commission admits that allegations about Madoff’s scheme had been repeatedly brought to the agency’s attention since 1999. “I am gravely concerned by the apparent multiple failures over at least a decade to thoroughly investigate these allegations,” proclaimed the agency’s Bush-era chairman, Christopher Cox, last month, announcing the supposed self-probe.
Balderdash. The only thing Cox is “gravely concerned” about is that the American public might finally understand the agency’s actual mission. For as Aguirre, a former attorney for the agency, points out, the Securities and Exchange Commission (SEC) does not exist to protect investors from Wall Street predators. It exists to protect powerful Wall Street predators from investors.
The notion that the agency can probe its own officials is hilarious — a real knee-slapper. In late December, Senator Arlen Specter (R-PA) heaped scorn on the securities agency’s ability to investigate itself in the Gary Aguirre case. Now the agency says it will open that probe again. “Reopening the investigation marks a new embarrassment for the beleaguered S.E.C., suggesting that, as in the Bernard Madoff case, it may have failed earlier to follow up adequately on strong indications of possible wrongdoing,” says Portfolio.com.
Aguirre puts it more strongly: the securities agency “cannot be trusted with an investigation of itself, especially when the investigation [involves] the highest levels of the SEC.”
Aguirre’s case lays bare everything that the securities agency is: a whorehouse catering to Wall Street’s elite. After a long and successful career practicing law in San Diego, Aguirre, brother of former City Attorney Mike Aguirre, decided to try public service. He joined the agency and began looking into a possible insider-trading case. A hedge fund, Pequot Capital Management, had made a bundle buying up stock in a firm just before the announcement that the firm would be acquired by another company. Pequot had also made money betting that the stock of the acquiring company would go down, as is normal. Before Pequot made those bets, John Mack, the hedge fund’s former chairman and a current investor, had talked with both the investment banking firm handling the acquisition and with Pequot’s current chairman, a close personal friend.
Aguirre wanted to interview Mack. But his boss said Mack had big Washington connections — specifically, to President George W. Bush. Aguirre protested. Just weeks after he had been given a strongly positive job review, Aguirre was fired. The Senate’s Committee on Finance and Committee on the Judiciary did a 108-page study on the matter.
There were some hair-raising findings. While Aguirre was trying to get the Mack interview, an attorney at the Debevoise and Plimpton law firm sent Paul Berger, Aguirre’s boss, an email with the opening words “Yowza!” It described how an ex-SEC lawyer could make $2 million a year with the firm. One of the top attorneys at the Debevoise firm contacted a senior official of the securities agency on behalf of Mack and behind Aguirre’s back. After he fired Aguirre, Berger took a job with Debevoise. Similar quid pro quos are called the “revolving door” phenomenon — agency officials do dirty work while at the commission and then go with a big law firm representing the crooks who got off. Mack wiggled off the hook and went on to become chief executive of Wall Street’s Morgan Stanley.
The two Senate committees vindicated Aguirre, denouncing his firing and concluding it was logical that he interview Mack. Then the agency’s inspector general, H. David Kotz, authored a 191-page study of the case. Kotz basically agreed with the two Senate committees. He recommended that the agency discipline its enforcement director and one other official. Kotz, too, blasted the ease by which the Wall Street law firm got special access to securities agency officials. He questioned the “impartiality and fairness” of the agency’s handling of the Mack investigation and firing of Aguirre.
Then the agency’s cover-your-ass team went into action. An administrative law judge, one Brenda Murray, was assigned to second-guess Kotz’s report. Just a few weeks later, her 15-page paper exonerated the two officials who Kotz said should be disciplined. Kotz was shocked and said so publicly.
Now we get to the heart of the agency’s double-dealing. As Senator Specter stated, Brenda Murray “was described in press accounts as an administrative law judge, and it was not until further inquiry that the SEC admitted she was not acting in a judicial capacity in issuing her decision.” In short, the agency picked a loyal staffer who happened to have the title “administrative law judge” and had her exonerate the officials who had been sharply criticized by the Senate committees and by the inspector general. But she was not acting as a judge at all — just a soldier taking orders.
Murray’s quickie report “was completely irregular in every detail,” says Aguirre. “It was outside the jurisdiction of an administrative law judge. The SEC pulled a scam.”
Senator Charles Grassley (R-Iowa), who spearheaded the investigation with Specter, said, “[I]t looked like the lawyers for the wrongdoers wrote the decision.”
Columnist Bruce Carton of Compliance Week wrote that agency staffers were stunned at the whitewash; Murray did not use the standard procedures for reviewing an internal-discipline recommendation. “Murray made her decision that discipline was not appropriate based almost exclusively on the one-sided information she received from counsel for the various subjects,” wrote Carton. “This information was not subject to any cross-examination or any follow-up by the [inspector general’s] office or other parties involved, and additionally was not provided under oath.”
One prominent attorney said that in Murray’s whitewash, the securities agency had merged “the functions of prosecutor, judge, jury, and appellate tribunal” under the same roof.
It gets even worse. One reason the Pequot case is being reopened is that a divorce suit has revealed that the hedge fund agreed to pay $2.1 million to a former Microsoft employee who was apparently feeding information on his former employer. “Pequot made a boatload of money” betting on Microsoft securities, based on such information, says Aguirre, but the agency found a way to drop the Microsoft angle of the investigation. But Aguirre has come up with new facts that have forced the agency to reopen the probe.
There’s more: In the same report in which she cleared Aguirre’s nemeses, Brenda Murray vindicated an agency official who closed an investigation into the derivatives dealings of Wall Street’s Bear Stearns in 2007. Early the next year, the Wall Street firm was rescued from bankruptcy when it was forced into J.P. Morgan, backed by $29 billion of federal money. Bear’s derivatives gambling was to blame. The agency missed it and then exonerated itself.
And the agency is going to look into whether it did its job properly in the Madoff case? Come now.
Thursday, January 1, 2009
CMKX --*-- CMKM Diamonds Inc.--*-- *******Happy New Year...!!*******
"Cheers to a New Year and another chance to get it right."
- Some anonymous smart person.
Clint Eastwood Marathon on AMC...
'Fistful Of Dollars'
Baxter woman, putting a curse on her enemies, just before she is killed...
"I hope you all die spitting up blood...!!"
My sentiments exactly, for ANYONE responsible for causing CMKX shareholders to ENDURE the TORTURE of this 6 YEAR ORDEAL...!!
You all know who you are...!!
- Some anonymous smart person.
Clint Eastwood Marathon on AMC...
'Fistful Of Dollars'
Baxter woman, putting a curse on her enemies, just before she is killed...
"I hope you all die spitting up blood...!!"
My sentiments exactly, for ANYONE responsible for causing CMKX shareholders to ENDURE the TORTURE of this 6 YEAR ORDEAL...!!
You all know who you are...!!
Subscribe to:
Posts (Atom)
