Rothstein Ponzi Scheme
Many people have heard of Madoff’s Ponzi scheme but there are many other Ponzi schemes that happen. Here’s an interesting case which is being managed by Kendall Coffey.
On Thursday David Boden who was the former General counsel of Rothstein Rosenfeldt Adler broke down in tears as he testified in his deposition about how he discovered a 1.2 $billion ponzi scheme. Boden had to stop the depostion multiple times times to compose himself as he recalled discovering millions of dollars missing from his former firms’s bank accounts.
He was given weak excuses as to where the missing money was at the same time that their largest investor offered to cover the missing money.
Boden stated that he had repeatedly asked the CFO to open the books but she refused saying only the founder could open the books. Finally they were able to get in touch with the bank and they saw the balance had gone from $13 million to $720k.
That same day the a former partner Nurick announced that he was leaving to represent Rothstein. On his departure, he mentioned names of people that could fill in including former US attorney Kendall Coffey.
Nurick came to a meeting the next day at Boden’s house and presented a hypothetical situation if they had known someone had commited a huge fraud. Boden propmptly threw Nurick out.
Boden was also put on the hot seat during the deposition and he was asked why he signed off on fake settlements. His answer was that he trusted Rothstein. Boden was asked if he knew any of the other plaintiffs, and he acknolwldeged having met two of them. Boden said he was comfortable with the settlements he had signed because he thought he had seen the supproting docs.
Boden was also questioned on why he even went to work for Rothstein to being with and he said he took the job because of a change in career and the bottom line was that he trusted Rothstein. This case is now in the hands of Kendall Coffey, so do keep updated with the latest news.
American With No Abilities Act
Washington , DC – (Dateline February 25, 2009)
President Barack Obama and the Democrat controlled Congress are considering sweeping legislation that will provide new benefits for many Americans. The Americans With No Abilities Act (AWNAA) is being hailed as a major legislative goal by advocates of the millions of Americans who lack any real skills or ambition.
“Roughly 50 percent of Americans do not possess the competence and drive necessary to carve out a meaningful role for themselves in society,” said California Senator Barbara Boxer – Democrat. “We can no longer stand by and allow People of Inability (POI) to be ridiculed and passed over. With this legislation, employers will no longer be able to grant special favors to a small group of workers, simply because they have some idea of what they are doing.” In a Capitol Hill press conference, House Majority Leader Nancy Pelosi – Democrat, and Senate Majority Leader Harry Reid – Democrat – pointed to the success of the U.S. Postal Service, which has a long-standing policy of providing opportunity without regard to performance.
Approximately 74 percent of postal employees lack any job skills, making this agency the single largest U.S. employer of Persons of Inability. Private-sector industries with good records of non-discrimination against the Inept include retail sales (72%), the airline industry (68%), and home improvement warehouse stores (65%). At the state government level, the Department of Motor Vehicles also has an excellent record of hiring Persons of Inability (63%). Under AWNAA, more than 25 million mid-level positions will be created, with important-sounding titles but little real responsibility, thus providing an illusory sense of purpose and performance. Mandatory non-performance-based raises and promotions will be given so as to guarantee upward mobility for even the most unremarkable employees. The legislation provides substantial tax breaks to corporations that promote a significant number of Persons of Inability into middle-management positions, and gives a tax credit to small and medium-sized businesses that agree to hire one clueless worker for every two talented hires.
Finally, the AWNAA contains tough new measures to make it more difficult to discriminate against the non-abled, banning, for example, discriminatory interview questions such as, “Do you have any skills or experience that relate to this job?” “As a Non-abled person, I can’t be expected to keep up with people who have something going for them,”said Mary Lou Gertz, who lost her position as a lug-nut twister at the GM plant in Flint , Michigan , due to her inability to remember rightey tightey, lefty loosey.”This new law should be real good for people like me,” Gertz added.
With the passage of this bill, Gertz and millions of other untalented citizens will finally see a light at the end of the tunnel. Said Senator Dick Durbin (Democrat-IL), “As a Senator with no abilities, I believe the same privileges that elected officials enjoy ought to be extended to every American with no abilities. It is our duty as lawmakers to provide each and every American citizen, regardless of his or her inadequacy, with some sort of space to take up in this great nation and a good salary for doing so.”
Compete.com: Sarah Palin Nude Second to Most Popular Seach For Digg
According to Traffic ranking service Compete.com, it seems that “Sarah Palin Nude” is a very popular search, so popular even that it is the second most popular search term for social media site. Digg.com.
What was the first most popular search term? “Digg.com” of course. I am not sure when Compete last checked keywords, but this screenshot was taken today.
Sarah Palin Nude search term for Digg.com
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Sarah Palin Refuses to Appear on Oprah Winfrey’s Show
- Image via Wikipedia
It’s not Oprah Winfrey’s fault that former Vice Presidential candidate Sarah Palin” rel=”homepage” class=”zem_slink”>and Alaskan Governor Sarah Palin hasn’t been a guest on her talk show yet! Chicago talk show host Oprah Winfrey declared, “I said I would be happy to talk to Sarah Palin when the election was over… I went and tried to talk to Sarah Palin and instead she talked to Greta on Fox News. She talked to Matt on ABC . She talked to Larry on CNN . But she didn’t talk to me. But maybe she’ll talk to me now that she has a book deal in the works.
When asked if Oprah will have fellow Chicagoan Barack Obama on the show, she responded, “There’s always an open invitation for the president-elect and first lady Michelle Obama.”
“Extra’s” AJ Calloway caught up with Oprah Winfrey at last night’s Alvin Ailey Dance Theater’s 50th anniversary celebration where she served as honorary chair. Winfrey joked, “In my wildest, wildest, crazy, crazy dreams, I am a dancer…When I’ve like had too many tequila shots and I go to sleep, I dream of being a dancer.”
AND – Winfrey told Calloway the one thing that she had to rescue when the Santa Barbara wildfires threatened her home was a book of letters from Alicia Keys, Mariah Carey and all the young ladies who attended her Legends Ball. Winfrey exclaimed, “So when the fires were coming and the flames were a blowin’, I said, ‘Get my letters!’”
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Facebook CEO Mark Zuckerberg’s Car for the Facebook Campus
I only have one blog, so this is the only place I can put things up. A friend sent me a picture of the car / golfcart Facebook CEO Mark Zuckerberg uses to go around the Facebook Campus. Notice the license plate that says FB Poke. Enjoy.
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