For years, the self-styled "cyber sleupps" have claimed that manipulative short selling by hedge funds and moneyed trusts, abuse by MM's was all a "tin foil hat" conspiracy.
Of course, these same hypocrites, led by the defender in chief on these message boards, tried to ignore the extortion of CEO's, the use of purloined FBI data, all in the name of somehow outing other scams, so ~~~
One has to wonder why they are so silent about a US Senator who puts this in a letter to the SEC:
Documents recently filed in a Connecticut divorce case (Zilkha v. Zilkha) disclose that Pequot has made or promised to make payments of $2.1 million to Mr. David Zilkha. On December 1, 2008, and December 16, 2008, Pequot and Pequot CEO Arthur Samberg filed motions for protective orders, and the state court has scheduled the hearing on those motions for January 16, 2009.
. . .
In essence, we have serious allegations of insider trading. We have the Inspector General of the SEC recommending serious disciplinary action. We have the matter being papered over by the SEC on what purported to be new conclusions reached by the administrative law judge where, in fact, the individual was not an administrative law judge. And now we find $2.1 million in payments or promised payments to an individual who may have been in the position to provide insider information. The matter is coming before a court in a domestic relations case, but that provides an opportunity to find those facts.
This letter has not been answered, and I am taking this occasion to put it into the Congressional Record in the hopes that we may have some action by the SEC which will be calculated to get to the bottom of this matter.
. . .
In 2006, the SEC closed its investigation of April 2001 trading by Pequot in Microsoft stock. The investigation centered, in part, on evidence that David Zilkha, a Microsoft employee who joined Pequot in April 2001 and separated from Pequot in November 2001, may have given Arthur Samberg, Pequot's CEO, inside information regarding Microsoft.
. . .
On December 10, 2008, Senator Grassley and I requested from Pequot and Mr. Samberg all records related to the payments to Mr. Zilkha, as well as an explanation of the payments. On December 17, 2008, Mr. Samberg responded that the payments to Mr. Zilkha were for the purpose of ``settling a civil claim related to his employment and termination by Pequot.'' Mr. Samberg enclosed a few documents, but we have requested additional records, and have asked for a complete production.
Given the troubled history of this case, the SEC should also be seeking answers as to any payments made to Mr. Zilkha by Pequot. I therefore write to strongly urge the SEC to consider filing pleadings in the Connecticut action, so that the court will have all relevant information when it considers the Pequot and Samberg motions for protective orders. Please respond as to whether the SEC will take such an action. I also ask that you notify me immediately if the SEC reopens its investigation or takes any enforcement action in light of this new evidence. |
