do i see cause for the financially raped xybernaut investors to file a class action lawsuit?
hmmm, john marciano .... plead guilty
...that he conspired to launder the proceeds of a securities fraud involving Xybernaut from July 1996 to May 2001....
hmmm, robert oosterwyk .... plead guilty
... to one count of operating an illegal money-remitting business...
hmmm, jacob agam ...
...Agam is "in Europe" and "has not been extradited."...
Guilty Pleas Related to Xybernaut IPO
John Marciano, head of Royce Investment Group when it helped underwrite Xybernaut's initial public offering, pleaded guilty March 8 to a federal charge that he conspired to launder the proceeds of a securities fraud involving Xybernaut from July 1996 to May 2001. Fairfax's Xybernaut makes wearable computers. Robert Oosterwyk, managing director of businesses based in the Cayman Islands that prosecutors said helped conceal proceeds of the scheme, pleaded guilty this month to one count of operating an illegal money-remitting business.
washingtonpost.com
Guilty Plea: Gore's Money from Hell
May 4 (EIRNS)--A major fundraiser for Al Gore's 2000 Presidential campaign has pleaded guilty to money laundering and is currently awaiting sentence.
Wall Street investment banker John Marciano staged a 1999 fundraising event for Gore at his home, and gave the Gore campaign thousands of dollars of his own funds. From 1996 through 2004, Marciano derived millions from "pump and dump" stock schemes, Cayman Islands money laundering, and the financing of satanic video games and online gambling casinos.
About a month before the August, 1999 Marciano-Gore campaign event, John Marciano sold out his Royce Investment Group to Investec Ltd., a South African/U.S./Israeli firm whose senior director is Sir Chips Keswick, former head of Hambros bank and a scion of Britain's Jardine dope dynasty. Marciano stepped up his donations to Gore under his new affiliation with Investec.
Marciano's Royce Investment Group ran a 1998 initial stock offering for the Interactive Magic company, maker of video games such as "The Kingdom of Drakkar," in which kids choose roles as hired assassins, mentalists and thieves, using enchanted weapons and mystical spells; and "Minion Hunter," which thrusts children into a "decaying" civilization to battle vampires, ghouls, and the undead.
Al Gore's Presidential campaign, under attack by Lyndon LaRouche as a deliberate ploy to sabotage the Democratic Party and as a patsy for the financiers behind George W. Bush, was faltering for lack of public support. Gore went for the Marciano money even though Marciano was then being sued for fraud by looted investors.
Marciano was arrested and indicted in 2004 for fraud and money laundering, and was released on $1.5 million bond. His indicted co-defendant, the Israeli Jacob Agam, was chairman of Interactive Magic in 1999 and 2000. Marciano's lawyer has told EIR that Agam is "in Europe" and "has not been extradited." According to the federal indictment, Agam parked some of the scammed money with Safra Bank.
Interactive Magic (now called iEntertainment) is also an online gambling operation. Agam's investment partner, Israel-born Avi Suriel, was a Wall street investment analyst specializing in the leveraged buyout of big gambling casinos.
"Wild" Bill Stealey, Interactive Magic/iEntertainment's longtime chief operator and in 1999 its co-owner with Jacob Agam, is a former Air Force computer simulator, and a former consultant with McKinsey and Company, the consulting group which has played a big behind-the-scenes role in the U.K.'s Tony Blair government.
larouchepac.com
news item
washingtonpost.com
news item
Message 21257397
news item
caymannetnews.com
the indictment
Message 21423766
a comment about xybernaut wanting to sue...
Who will they sue, any of the above?
Re: More Time Please
by: flptrnkng 06/29/06 11:54 am
Msg: 708277 of 708393
Ooooh, they want to sue someone! On contingency, no less!! Where have we heard that one before?
"9. Meanwhile, the Debtors along with the Equity Committee, and their professionals have investigated the various causes of action held by the estate against third parties, including actions for breach of contract, negligence, malpractice, fraud, breach of fiduciary duties, and fraudulent transfers. The Debtors intend to engage a law firm, on a contingency basis, to litigate such claims against third parties, pending the negotiation of an engagement agreement and court approval."
Posted as a reply to: Msg 708275 by flptrnkng
messages.finance.yahoo.com
hmmm,
securities.stanford.edu |
