rruff,
I need to make something very clear. The only battles right now are against:
1. Berber, Moor, Rea and Trading Places
2. Virginia Department of Taxation officials, and now also the Attorney general's Office for repeatedly defaming me in the courts as some kind of abuser of the judicial system, when they without probable cause directly participated in attempting to strip me of almost $2 million in assets, wrecked my credit record and have done all that they could to ensure any legal career I might have would be dead on arrival
I have no litigation against corporations except TP, though if I find direct evidence of Southwest Securities' involvement in attempting destroy my financial standing and reputation under color of Virginia law then I will be filing suit against them (but right now that evidence is beyond finding, only can be had through discovery in the VA litigation).
Hedge funds. Yes indeed. Let me tell you what happened at Trading Places. There was a supposed chat site member called "bentleyfin." Turns out his name is Robert L. Bentley of Paoli, Pennsylvania. He ran financial services companies which he wholly owned, Bentley Financial Services, Inc. and Entrust Group. He sold certificates of deposit to dozens of individuals, banks and other financial institutions. The documents claimed they were federally-insured, a completely false claim, because as it turns out they were IOU's insured by no one except Bentley himself. Bentley reaped a whopping c. $400 million this way, classic Ponzi scheme, paying off creditors with new investors. Meanwhile, Bentley took $117 million of that illicitly-obtained hoard and deposited it with none other than............Southwest Securities, which is the company that in July 2002 sent the IRS fraudulent records indicating I had evaded paying taces on $125 million I supposedly earned day trading stocks through them. Quite a coincidence their doing that, then.
I heard from several sources at TP that Bentley was shorting into artificial buy recommendations that were made at TP, mostly during lunch, on second-tier stocks like CNET, JNPR, SDLI, RMBS. Say RMBS was trading 200 at lunch. A TP analyst conspiring with Bentley would let him know via PTP (Person-To-Person private chat) that a fake call was coming, would tell everyone to buy, the stock's illiquid so it pops to 210 or so, into which Bentley is using his $177 mill on deposit with SWS to short blocks of thousands or tens of thousands of shares, selling to TP clients he knows are told to buy the fake call, the analyst then "walks away" from the rec, totally ignores TP clients asking about the price activity that has started to recede after the initial, artificially-induced pop, then the stock starts to drop further, say 203 now, then a few words of mild caution, "stay tuned" is issued, then the slide starts to accelerate, at about 198 or so a panic sell rec is issued, and the stock crashes to about 190-93 - and bentley walks away with $20-50,000. This happened pretty much every day.
In the end, SEC shut down Bentley, BFS and Entrust, froze all his assets and placed them into receivership, Bentley consented to a lifetime bar from the securities industry (he had ties to a Colorado brokerage, BTW). I have received several letters from SEC staff attorneys thanking me for pointing out that Bentley should be investigated, even told them where he hid assets offshore. They turned around and thanked me by issuing a 90-day time bar on all claims against the Bentley Estate before any TP clients had any idea what exactly he did, I filed against Bentley and they managed a court order barring my claims - in PA, though I filed them in VA, and there is no basis for personal jurisdiction over me in PA. So I help SEC and they pay me back by interfering in my claims. One of the receiver's attorneys threatened me over the VA tax issue, which was very strange, because I hadn't said a word about that to him, so I was sorely tempted to go after that law firm for Bentley damages, but in the end I have enough on my plate and cannot possibly win them all, need to focus on the main claims against Berber et al - which, ironically, SWS counsel once self-servingly wrote me, but it was good advice and I took it. Unless VA settle, discovery is likely to open up a whole new can of worms and at that point claims against SWS may ripen, we'll see.
What happened at the AP site happened at many others. Likely AP was singled out because he involved the FBI but nevertheless I wonder why for example Bentley wasn't indicted for racketeering also, why he so far has been allowed to limit the consequences to civil proceedings (and last I checked he was being provided something like $12,000 a month in expenses from the Estate, some "bankruptcy" punishment that is.) |
