Showing posts with label Banker. Show all posts
Showing posts with label Banker. Show all posts

Tuesday, February 25, 2014

Revolt Against Western Banker Takeover of Ukraine Grows


Russian Mayor installed in Sevastopol as backlash intensifies


Paul Joseph Watson
Infowars.com
February 25, 2014


Russian-speaking Ukrainians in Crimea are resisting the western banker takeover of their country by installing a Russian Mayor in the town of Sevastopol as part of an emerging revolt against the US-backed coup d’état that saw the overthrow of democratically elected President Viktor Yanukovych.


“Sevastopol’s city council handed power to Aleksei Chaliy, a Russian citizen, during an extraordinary session on Monday evening while more than a thousand protesters gathered around city hall chanting “Russia, Russia, Russia,” and “A Russian mayor for a Russian city,” reports the Guardian. Former incumbent Vladimir Yatsuba resigned in order to allow Chaliy to take power.


The Russian military has also moved to secure the city against opposition militants by positioning armored personnel carriers in the town’s main square. Yesterday, it was reported that the Russian landing ship Nikolai Filchenko was on its way to Sevastopol with a contingent of 200 armed Russian soldiers.


“The day’s events marked the first stages in the establishment of an anti-Kiev administration amid tumultuous development that will cause headaches for the group of politicians that have replaced the administration of ousted fugitive President Viktor Yanukovych,” reports RIA Novosti.


Meanwhile, in an effort to afford the coup some kind of legitimacy, the Ukrainian parliament voted in favor of trying Yanukovych before the International Criminal Court, a development that came shortly after it was revealed that secretive British investigators are combing central Kiev for evidence that government snipers were used to massacre demonstrators.


While it’s admitted that both sides used firearms during the clashes, the clandestine nature of the investigation suggests that it is merely meant to be a rubber stamp for implicating Yanukovych as being responsible for a massacre.


Indeed, before the investigation even properly began, once of its anonymous members, who spoke to the BBC with his face blurred, had already concluded that the government was responsible for a “bloodbath”.


“The investigators – who do not wish to be identified – say they have already pinpointed four sniper positions, states the report. “The Foreign Office declined to comment on whether the UK government was assisting in the investigation.”


In other words, the British Foreign Office already has its agents in Kiev either manufacturing or planting evidence which will subsequently be used to demonize Yanukovych as a barbarian who ordered the massacre of protesters.


The fact that innumerable images show “protesters” also carrying guns is likely to be overlooked because that doesn’t fit the narrative of an organic and righteous uprising which in fact more closely resembles an externally-backed violent coup.


Facebook @ https://www.facebook.com/paul.j.watson.71
FOLLOW Paul Joseph Watson @ https://twitter.com/PrisonPlanet


*********************


Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.


This article was posted: Tuesday, February 25, 2014 at 12:19 pm


Tags: foreign affairs, war










Infowars



Revolt Against Western Banker Takeover of Ukraine Grows

Friday, February 21, 2014

12 Banker "Suicides" Linked To JP Morgan Investigation For Forex Manipulation

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12 Banker "Suicides" Linked To JP Morgan Investigation For Forex Manipulation

Wednesday, February 19, 2014

Banker Suicides: The JPMorgan-CIA-NYPD connection. Exposing what lies beneath the bodies of dead bankers and what lies ahead for us






Author


By Doug Hagmann (Bio and Archives)

Monday, February 17, 2014


I feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth some of us have been able to accumulate over our lifetimes, and the end of the financial world as we once knew it. The evidence to support my findings exists in the trail of dead bodies of financial executives across the globe and a missing Wall Street Journal Reporter who was working at the Dow Jones news room at the time of his disappearance.


If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent. It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core. It seems to illustrate the complicity of big banks and governments, the intelligence community, and the media.


Although the trail of mysterious and bizarre deaths detailed below begin in late January, 2014, there are others. Not only that, there will be more, according to sources within the financial world. Based on my findings, these are not mere random, tragic cases of suicide, but of the methodical silencing of individuals who had the ability to expose financial fraud at the highest levels, and the complicity of certain governmental agencies and individuals who are engaged in the greatest theft of wealth the world has ever seen.


It is often said that life imitates art. In the case of the dead financial executives, perhaps death imitates theater, or more specifically, the movie The International, which was coincidently released in U.S. theaters exactly five years ago today.


We are told by the media that the untimely deaths of these young men and men in their prime are either suicides or tragic accidents. We are told what to believe by the captured and controlled media, regardless of how unusual or unlikely the circumstances, or how implausible the explanation. Such are the hallmarks of high level criminality and the involvement of a certain U.S. intelligence agency intent on keeping the lid on money laundering on a global scale.


Obviously, it is important that this topic is approached with the utmost respect for the families of those who died, that they be allowed to grieve for the loss of their loved ones in private. However, it is extremely important that the truth about what is happening in the global financial arena is not kept from us, as we will also be victims of a different nature.


The missing and the dead: a timeline


The following is provided as a chronological list of those who have gone missing or been found dead under mysterious circumstances. It is important to note that this list consists of names of the most recent incidents. There are more that extend back through 2012 and beyond.


January 11, 2014


MISSING: David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room, went for a walk on Saturday, January 11, 2014, near his New Jersey home and disappeared without a trace. Mr. Bird was a reporter of the oil and commodity markets which happened to be under investigation by the U.S. Senate Permanent Subcommittee on Investigations for price manipulation.


January 26, 2014


DECEASED: Tim Dickenson, a U.K.-based communications director at Swiss Re AG, was reportedly found dead under undisclosed circumstances.


DECEASED: William Broeksmit, 58, former senior manager for Deutsche Bank, was found hanging in his home from an apparent suicide. It is important to note that Deutsche Bank is under investigation for reportedly hiding $ 12 billion in losses during the financial crisis and for potentially rigging the foreign exchange markets. The allegations are similar to the claims the institution settled in 2013 over involvement in rigging the Libor interest rates.


January 27, 2014


DECEASED: Karl Slym, 51, Managing director of Tata Motors was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he “could” have committed suicide. He was staying on the 22nd floor with his wife, and was attending a board meeting in the Thai capital.


January 28, 2014


DECEASED: Gabriel Magee, 39, a JP Morgan employee, died after reportedly “falling” from the roof of its European headquarters in London in the Canary Wharf area. Magee was vice president at JPMorgan Chase & Co’s (JPM) London headquarters.


Gabriel Magee, a Vice President at JPMorgan in London, plunged to his death from the roof of the 33-story European headquarters of JPMorgan in Canary Wharf. Magee was involved in “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives” based on his online Linkedin profile.


It’s important to note that JPMorgan, like Deutsche Bank, is under investigation for its potential involvement in rigging foreign exchange rates. JPMorgan is also reportedly under investigation by the same U.S. Senate Permanent Subcommittee on Investigations for its alleged involvement in rigging the physical commodities markets in the U.S. and London.


Regarding the initial reports of his death, journalist Pam Martens of Wall Street on Parade astutely exposed the controlled, scripted details of the media accounts surrounding Magee’s death in an article written on February 9, 2014. Ms. Martens writes:


“According to numerous sources close to the investigation of Gabriel Magee’s death, almost nothing thus far reported about his death has been accurate. This appears to stem from an initial poorly worded press release issued by the Metropolitan Police in London which may have been a result of bad communications between it and JPMorgan or something more deliberate on someone’s part.” [Emphasis added].



Ms. Martens also notes:


No solid evidence exists currently to suggest that the death was a suicide. In fact, there is a strong piece of evidence pointing in the opposite direction. Magee had emailed his girlfriend, Veronica, on the evening of January 27 to say that he was about to leave the office and would see her shortly. [Emphasis added].



Based on information she developed, it appears likely that Magee did not meet his fate on the morning his body was discovered, but hours earlier. Considering the possibility that Magee might now have died in the manner publicized, Ms. Martens offers speculation and notes it as such:


If Magee became aware that incriminating emails, instant messages, or video teleconferences were not turned over in their entirety to Senate investigators or Justice Department prosecutors, that might be reason enough for his untimely death.



Looking at the death of Magee in the context of a larger conspiracy, it is difficult not to suspect foul play and media manipulation.


January 29, 2014


DECEASED: Mike Dueker, 50, who had worked for Russell Investment for five years, was found dead close to the Tacoma Narrows Bridge in Washington State. Dueker was reported missing on January 29, 2014. Police stated that he “could have” jumped over a fence and fallen 15 meters to his death, and are treating the case as a suicide.


Before joining Russell Investments, Dueker was an assistant vice president and research economist at the Federal Reserve Bank of St. Louis from 1991 to 2008. There he served as an associate editor of the Journal of Business and Economic Statistics and was editor of Monetary Trends, a monthly publication of the St. Louis Federal Reserve.


In November 2013, the New York Times reported that Russell Investments was one of several investment companies that were under subpoena from New York State regulators investigating potential “pay-to-play” schemes involving New York pension funds.


February 3, 2014


DECEASED: Ryan Henry Crane, 37, was the Executive Director in JPMorgan’s Global Equities Group. Of particular relevance is that Crane oversaw all of the trade platforms and had close working ties with the now deceased Gabriel Magee of JPMorgan’s London desk. The ties between Mr. Crane and Mr. Magee are undeniable and outright troublesome. The cause of death has not yet been determined, pending the results of a toxicology report.


February 6, 2014


DECEASED: Richard Talley, 57, was the founder and CEO of American Title, a company he founded in 2001. Talley and his company were under investigation by state insurance regulators at the time of his death. He was found in the garage of his Colorado home by a family member who called authorities. Talley reportedly died from seven or eight “self-inflicted” wounds from a nail gun fired into his torso and head.


The enormity of the lie


One must look back far enough to understand the enormity of the lie and the criminality of bankers and governments alike. We must understand the legal restraints that were severed during the Clinton years and the congress that changed the rules regarding financial institutions. We must understand that the criminal acts were bold and bipartisan, and were designed to consolidate wealth through the destruction of the middle class. All of this is part of a much larger plan to establish a one world economy by “killing” the U.S. dollar and consequently, eradicating the middle class by a cabal of globalists that existed and continue to exist within all sectors of our government. The results will be crippling to not just the United States, but the entire Western world.


What began decades ago is now becoming more transparent under the Obama regime. Perhaps that’s the transparency Obama promised, for we’ve seen little else in terms of transparency with regard to the man known as Barack Hussein Obama. For those not locked into the captured corporate media, we’re starting to see the truth emerging. The truth is that we’ve been living under a giant Ponzi scheme and we, the American citizens, are the suckers. As illustrated by the list of dead bankers above, however, the power elite need a bit more time before the extent of their criminality is revealed. They need a bit more time to transfer the remaining wealth from middle-class America to their private coffers. Timing is everything, and a magic act only works when all props are in place before the illusion is performed. Only when their timing is right will the slumbering Americans realize the extent of the illusion by which they’ve been entranced, at which time they will be forced into submission to accept a financial reset that will ultimately subjugate them to a global economy. I contend that this is the reason for the recent spate of deaths, for those who met their tragic and untimely end had the ability to expose this nefarious agenda by what they knew or discovered, or what they would reveal under subpoena and the damage they could cause to the globalist financial agenda.


It is an insult to the public intellect that the media so readily pushes the official line that the deaths were all suicides given the unusual circumstances surrounding nearly all of those listed. This itself should be ringing alarm bells with anyone of reasonable sensibilities, or at least those who are paying the slightest bit of attention to the larger picture. The media is either complicit or completely inept. While incompetence is evident in many areas, even the most inept journalist or media company cannot possible deny what exists directly in front of them. They can only withhold the truth.


Connecting the dots


To understand what is taking place, I contacted a financial source who has accurately predicted many events that we are now seeing taking place, including the deaths of certain financial people, for an explanation. In fact, he actually predicted that we would see a “clean-up” of individuals who posed a serious threat to certain too-big-to-fail-or-jail banks and “banksters” a full week before the events began to unfold. Truth be told, I initially greeted his prediction with some skepticism, for such things don’t really happen in the real world, or so the obedient and well-managed media tells me.


V, The Guerrilla Economist” as he is known in the alternative media, has provided numerous insider alerts for Steve Quayle‘s website and has appeared as a regular guest on The Hagmann & Hagmann Report. He has an undeniable track record for accuracy, which has earned my respect. However, I thought that he had taken temporary leave of his senses when he twice suggested that there will be some house cleaning done of anyone posing a threat to the agenda of certain banks and the globalist agenda on our broadcasts of November 20, 2013, and again on January 10, 2014. In a separate venue, he described what was about to take place by using the analogy of the movie The International. Several dead bodies and a missing journalist later, that analogy has been proven accurate.


The fact is that we are seeing a clean-up where JPMorgan and Deutsche Bank seems to appear at the epicenter of it all. In January, JPMorgan admitted facilitating the Bernie Madoff Ponzi scheme by turning its head to his activities. Despite this admission, the U.S. Department of Justice under Eric Holder declined to send anyone to jail under a deferred prosecution agreement. Yet this is only the proverbial tip of the iceberg.


In March, 2013 the U.S. Senate Permanent Subcommittee on Investigations released a heavily redacted 307-page report detailing the financial irregularities surrounding the actions of JPMorgan and the deliberate withholding of critical financial information by JPMorgan. Prominent in the mix are the actions of Bruno Iksil, who earned the nickname the “London Whale,” for his “casino bets” of other’s money that caused billions of dollars in losses. Yet, no cooperation was provided by Dimon’s foot soldiers as they failed to testify or otherwise cooperate with Senate investigators.


Remember the damage control and the deliberate downplaying by Jamie Dimon, who maintained that there was nothing to see here with regard to the “London Whale” criminal activities? What was originally described as a loss of perhaps $ 2 billion ultimately turned into many more times that, yet the actual numbers are still hidden from the public. Such events occurred under the noses of numerous financial executives who had knowledge that went undisclosed.


As we fast forward to today and the current spate of mysterious deaths, we begin to see that many of those who died existed on the periphery of events in the criminal actions of the financial industry. Moreover, it is reasonable to conclude that they possessed knowledge that if disclosed, could have interrupted the magic act taking place for the awestruck audience, captivated by the carefully crafted words of Yellen, her predecessors and the operatives within government who’s duty it is to regulate whatever is left of our current financial system.


That regulation is now a thing of the past. What we have today is a system of facilitation and co-operation between the largest corporations and financial institutions and the U.S. and our intelligence agencies. We now have the “too-big-to-fails” operating with impunity as a result of an incestuous, if not outright unconstitutional relationship where the banks are acting as operational assets for the CIA, the NYPD, and other intelligence and police agencies.


The JPMorgan-CIA-NYPD connection


Perhaps one of the best kept secrets, at least from the majority of the American public, is the integration and overlap between the “too-big-to-fail-and-jail” banks and the most advanced system of surveillance in the U.S. Would it surprise you to learn that the very banks that brought the United States to the brink of financial collapse in 2008, who looted the American public and continue to engage in what most perceive as criminal behavior in the financial venue not only have ties to the CIA, but are actually partnered with the CIA and NYPD surveillance of all of lower Manhattan? That’s right, the big banks such as JPMorgan, Citigroup and others have their own desks and surveillance monitors at a facility known as the Lower Manhattan Security Coordination Center, located at 55 Broadway, deep in the center of New York’s financial district.


The big banks—the very banks that have been the focus of fraud and corruption investigations have their own system of cameras, more than 2,000 in number, and operate them in tandem with NYPD surveillance cameras at a center that was funded with taxpayer money. Every square inch of lower Manhattan is under surveillance 24/7, not just by NYPD, but by JP Morgan and other members of the so-called “one percent.” Carefully consider the implications of this pact.


JPMorgan Chase and others have had long and quite intimate ties with the CIA. Today, however, the line between the banks that control our financial present and future and police and intelligence agencies no longer exist. This relationship of mutual benefit permits the CIA to use the financial institutions to “handle the money” for their various global initiatives, while it provides the banks a stable of “professional assistants” to handle their “security,” whether such security issues arise in the U.S., London, or elsewhere. Highly trained and skilled CIA operatives now work within the system of interlocked financial institutions that have been at the epicenter of the most egregious crimes involving the theft from our bank accounts and retirement savings.


Please stop and consider this for a moment. The very banks and their top executives who have not only brought the U.S. to the brink of financial collapse and Martial Law, engaged or facilitated in various criminal actions that resulted in fines (but no jail time) for the perpetrators, are working hand-in-hand with the CIA. Not only that, they are working in tandem with the NYPD at their surveillance centers, watching and videotaping every move made by anyone—including potential whistleblowers within their vast purview. By the way, this is no ordinary surveillance or surveillance cameras. You won’t find these cameras on the shelves of your local spy shop. These cameras can focus on the footnotes of a book you might be reading, or the words written on a piece of paper being held by an unwitting person. They employ facial recognition and other advanced visual and data aggregation capabilities, and the extent of their technological abilities is increasing every day.


Additionally, the data is collected and maintained, and files are created of people and groups who are merely going about their daily lives. Equally important, files are created and maintained of problem children and groups, like the Occupy movement and others who lawfully exercise their constitutional rights to protest the actions of the one-percent. Consider this in the context of the Occupy Wall Street protests. where the protesters were not only under police surveillance, but surveillance by the banks and their corporate officers against whom they were protesting. And it was all done with the approval and assistance of the police, in this case the NYPD, and U.S. intelligence agencies.


Now consider the plight of a whistleblower who wants to expose criminality within the ranks of a too-big-to-fail. The institution who is engaged in purported criminality based on the findings of the whistleblower can observe the whistleblower’s every move. Where they go, who they meet and what they are carrying to such a meeting. They can be tracked to a residence, a business, or even to their psychiatrist’s office, place of ill repute, or the residence of some significant other outside of their marriage, all of which would be invaluable for blackmail.


Perhaps the potential whistleblower is clean and free from anything that might dissuade them from revealing what they know, their case could be turned over to the in-house security of former CIA agents for proper disposition. It makes the movie The Firm look like child’s play by comparison.


This is not some fanciful delusion. There is proof of this that exists. The New York Civil Liberties Union (NYCLU) has documented the increasingly extensive surveillance being conducted in lower Manhattan and throughout the city. They have verified that not only are our constitutional rights being violated every minute of every day, but the fruits of surveillance by police and corporate entities are shared between the police, the intelligence agencies and private financial institutions, without restraint on the distribution on such findings.


Are you engaged in a protesting against the criminality of the one-percent? Well, the one-percent are watching you, and they are literally seated right next to the police. Are you a journalist following up on possible “bankster” corruption by meeting a potential whistleblower? You better understand that the bankster target of your investigation is watching you, in real-time, with the complete approval and cooperation of the police. As documented by the NYCLU, you are likely now “on file,” and all data compiled is maintained and accessible not just to law enforcement, but to the very target of your investigation—in real time.


Such surveillance and integration between big banks, law enforcement and spy agencies is not just limited to lower Manhattan or even the United States. It is also most prevalent in London and other cities where international banking is conducted.


Real-time surveillance and the close working relationship between the “one-percenters,” police and the intelligence agencies gives the targets of criminal probes the ability to be pro-active when necessary. It’s all being done under the pretext of national security when it would appear that the real objective is to insulate the banksters from potential problems that exposure of their criminal actions might cause.


Oh, and don’t forget that it is us who are paying for this.


Perhaps we would be well advised to not only consider the capabilities of the surveillance apparatus that exists where the big banks and police are working at adjacent surveillance terminals at 55 Broadway and other locations, but the incestuous working relationship between the banks and the CIA when we read about banker suicides.


Do not expect to see any exclusive report on this in the corporate media, for they, as requested, have dutifully maintained their code of silence by not showing pictures of the brass name plates that identify the bankster terminals situated adjacent to the police terminals during photo shoots of this super-secret surveillance complex a few years ago. As detailed by the tenacious and indefatigable Pam Martens, journalist for Wall Street on Parade in this article, the captured media took a pass on revealing the whole truth about what’s really going on at 55 Broadway.


What has been revealed here is merely the tip of the iceberg. The tentacles of the corporate elite, facilitated and empowered by the CIA, the NYPD top brass, and other agencies have now covertly and effectively succeeded in invading everything you do. The fruits of this operation are being used to advance their global financial agenda and silence the opposition.


Knowing this, is it possible that the dead bodies that are increasing in number are the results of this joint surveillance operation? You will not find any answers in the mainstream media. The big banks have chosen to remain silent, even in the face of subpoenas, and have yet to face any legal consequences for their contempt. It’s not, however, merely contempt of congress or pseudo-investigative bodies. It’s their contempt of humanity, of you and me, and the victims that lie dead, leaving their families broken and wanting for the truth.



Copyright © Douglas J. Hagmann and Canada Free Press


Douglas J. Hagmann and his son, Joe Hagmann host The Hagmann & Hagmann Report, a live Internet radio program broadcast each weeknight from 8:00-10:00 p.m. ET.


Douglas Hagmann, founder & director of the Northeast Intelligence Network, and a multi-state licensed private investigative agency. Doug began using his investigative skills and training to fight terrorism and increase public awareness through his website.


Doug can be reached at: director@homelandsecurityus.com


Older articles by Doug Hagmann


canadafreepress.com/index.php/article/61200






2012 The Awakening



Banker Suicides: The JPMorgan-CIA-NYPD connection. Exposing what lies beneath the bodies of dead bankers and what lies ahead for us

Friday, August 23, 2013

Goldman Sachs Banker Arrested For Rape


wall street

Photo: Wikimedia Commons



By JG Vibes
Intellihub.com
August 23, 2013


A 37-year-old managing director at Goldman Sachs named Jason Lee was arrested for allegedly raping a young woman at an East Hamptons pool party in a vacation house that he rented with his wife.  Soon after his arrest he was released on $ 25,000 bail and immediately hired a high profile lawyer.[1]

“He adamantly denies these allegations,” Edward Burke Jr., his attorney, told Justice Cahill. Mr.


Burke did not mention his employers by name, saying only that he worked “at 200 West Street” in Manhattan, which is better known as the Goldman Sachs Tower.[2]

“He is a very talented young man with a very responsible job,” Burke Jr. said, adding that, “He has the support of his family and he looks forward to having his day in court.”


Police were called to a pool party at the house when someone there reported the  car stolen, when the police arrived they were approached by the young woman who then reported the sexual assault.


“The matter is still under investigation. It is a fluid situation,” Detective Lt. Chris Anderson said yesterday. However, a police source who asked not to be identified said that the alleged crime happened at a Monday night or early Tuesday pool party, which apparently involved nudity, at the  house in East Hampton.[2]

The Wall Street Journal reported that Goldman Sachs has suspended Burke pending the current investigation.[3]

Sources:


[1] Goldman Sachs banker arrested in Hamptons on rape chargeCNBC
[2] New York Man Arrested on Rape ChargeEast Hampton Star
[3] Goldman Sachs Banker Charged With Rape in HamptonsThe Wall Street Journal

Please comment, SHARE & LIKE!


Writer Bio:


VibesJG Vibes is an Intellihub.com investigative journalist and staff writer. He is also the author of “Alchemy of the Modern Renaissance”, an 87 chapter e-book and is an artist with an established record label.


For media inquires, interviews, questions or suggestions for this author, email: vibes@intellihub.com or telephone: (347) 759-6075.


*****




Intellihub.com



Goldman Sachs Banker Arrested For Rape

Goldman Sachs banker charged with rape in New York state


Sunday, August 11, 2013

Ex-Argentina central banker Blejer tipped for Israel central bank post


A former head of Argentina’s central bank Mario Blejer has emerged as a top candidate to run the Bank of Israel after two nominees dropped out in an embarrassment to Prime Minister Benjamin Netanyahu.


Blejer, 65, worked in senior positions at the International Monetary Fund and World Bank before a brief stint as president of Argentina’s central bank during the country’s economic crisis in 2002. He stepped down after a disagreement with the economy minister.


Israel’s newspapers said Blejer is Netanyahu’s top candidate but a finance ministry spokeswoman said on Sunday that former Bank of Israel deputy governor Zvi Eckstein, Accountant-General Michal Abadi-Boiangiu and ex-Finance Ministry director-general Victor Medina are also in the running.


The candidates are undergoing a vetting process from a panel that oversees senior civil appointments.


The Haaretz daily reported that Blejer, who received his undergraduate and Master’s degrees at Hebrew University in Jerusalem, arrived in Israel over the weekend to meet Netanyahu.


Stanley Fischer said in January he planned to step down at the end of June after eight years as central bank chief.


Netanyahu and Finance Minister Yair Lapid in late June nominated Jacob Frenkel, who headed the Bank of Israel in the 1990s, to replace Fischer.


Frenkel pulled out after reports that he was arrested on suspicion of shoplifting in Hong Kong’s airport in 2006. The charges were dropped but Frenkel said he withdrew his bid because of a “witch hunt”.


Two days later, Bank Hapoalim chief economist Leo Leiderman was nominated but he pulled out, citing personal reasons. Leiderman has not explained his decision, leaving the media to speculate whether it was because of revelations that he used to consult astrologers or other skeletons in his cupboard.


Netanyahu and Lapid have been criticized for failing to fill the job of central bank governor, raising concerns about Israel’s economic leadership.


Fischer’s deputy, Karnit Flug, is currently acting central bank chief. After being passed over numerous times for the top spot, Flug said she would step down once a new governor is in place.


(Additional reporting by Dan Williams; editing by Anna Willard)




FOXBusiness.com



Ex-Argentina central banker Blejer tipped for Israel central bank post

Tuesday, June 11, 2013

Dozing banker unwittingly transfers hundreds of millions

The Daily Dot A German bank employee was fired from his job last week after falling asleep at his keyboard and accidentally transferring £222 million ($ 293 million U.S.) from one account to another.


The employee, whose name was not revealed, was originally supposed to transfer £62.40, but while doing so, managed to “fall asleep for an instant, while pushing onto the 2 key on the keyboard,” a Hessen labour court professed, producing an order that read £222,222,222.22.


No word on how the employee managed to awaken from his slumber and drag his mouse from the “amount” column to the “submit” button without noticing that he’d submitted a £222 million order.


The bank discovered the mistake shortly thereafter and corrected the error, firing the employee and his supervisor in the process.


On Monday, a German labor court ruled that the supervisor was wrongfully terminated and received her job back.


The sleepy employee, however, received nothing of the sort. He’s still fired, unemployed, jobless, and without work—blessed with hours and hours upon which to fall asleep on his home keyboard.


Continue Reading…





    




Salon.com



Dozing banker unwittingly transfers hundreds of millions

Monday, June 10, 2013

A Wily Banker Reaches the Top in Greece


ATHENS — Not long ago, Michael Sallas, the chairman of Piraeus Bank in Greece, had a dream: to make his bank too big to fail.





Reuters

Michael Sallas has turned Piraeus Bank into Greece’s largest.




But now that he’s managed to turn his bank into Greece’s largest, insuring that Piraeus will be eligible for a bailout from the European Union, Mr. Sallas runs the risk that some of the steps he has taken along the way may come back to haunt him. Those moves include borrowing over 100 million euros (about $ 135 million) from a friendly banker in a bid to prop up the falling shares of his own bank and making risky loans to people and entities with ties to Piraeus.


Europe is preparing to close the books on perhaps the most ambitious aspect of its plan to keep Greece afloat — a cash injection of about 50 billion euros into the country’s four largest banks.


And bank governance has emerged as a critical issue, with the country’s creditors — who arrived in Athens this week to carry out their latest audit — insisting that continued aid is conditional on banks demonstrating that their conduct is above reproach.


Still, Greece’s overseers from the European Union and the International Monetary Fund may well find that even with increased oversight, changing the freewheeling business culture that long defined the Greek financial system will be easier said than done.


The rapid rise of Mr. Sallas exemplifies that culture. A tough, charismatic banker who seized control of Piraeus in 1991 and built it up by dint of more than 15 mergers and acquisitions, Mr. Sallas reached the pinnacle of the Greek banking world in March when he capitalized on Cyprus’s banking disaster, buying the Greek units of that island’s three biggest financial institutions, Bank of Cyprus, Laiki Bank and Hellenic Bank.


His supporters say that Mr. Sallas should be hailed for his entrepreneurial savvy and robust appetite for risk. Seeing an opportunity to reinvent his bank, he has merely stolen a march on his more sclerotic counterparts.


“He is someone who can really navigate the system in Greece,” said John Rigas, a Greek-American hedge fund operator and client of the bank who owns an Athens-based investment company in which Piraeus holds the largest share. “This bank has gone from a teetering No. 4 to a solid No. 1 in just a year.”


But others say that Mr. Sallas has pushed the boundaries of proper banking too far and that his maneuvering in the murky world of Greek finance — where the interests of bankers, the media and politicians often commingle — should be more closely scrutinized.


“Piraeus has long used problematic methods that call for investigation,” said Costas Lapavitsas, a political economist at the University of London who follows banking and politics in Greece. “What concerns me is that Piraeus has emerged as the leading bank in Greece not because it improved these methods. The old regime is just adapting to the new conditions and for me that is a sign of sickness and not health.”


Anthimos Thomopoulos, deputy chief executive of the bank, said all aspects of Piraeus’s business “have been exhaustively examined by independent auditors and regulators, inside and outside Greece, with no adverse findings.”


A trained economist, Mr. Sallas, who is 62, made his first career strides working under Andreas Papandreou, the Socialist premier who led Greece in the 1980s. In the years since taking over Piraeus his influence has continued to expand. He is close to the governor of the central bank, George Provopoulos, who until 2008 was vice chairman at Piraeus. And the bank is one of the largest advertisers in the Greek media.


Altogether, European governments and the International Monetary Fund have staked about 200 billion euros of taxpayer money on keeping Greece in the euro zone and eventually restoring its economy to health. To justify this commitment, Europe has subjected Greece’s largest banks to a root-and-branch investigation, focusing in particular on related party lending, or loans to entities in which the bank may have a financial interest, and has concluded that they have finally cleaned up their acts.


With regard to Piraeus, however, this assessment clashes with the conclusions reached by a team of auditors at Laiki Bank in Cyprus, one of the banks whose Greek unit Piraeus acquired in March.




NYT > Global Home



A Wily Banker Reaches the Top in Greece

Thursday, May 30, 2013

Trickle Down Works: UBS Joins Federal Reserve In Hiking Banker Salaries By 9%

A week ago we reported that despite making 50% less money for the Treasury in the first quarter, the hedge fund formerly known as the Federal Reserve was generous enough to hike the salaries of its employees by a (true inflation indexed?) 11.7%. It appears the workers of the Fed’s Markets Group are not the only ones who can barely make ends meet: next up – investment banks, and specifically UBS, which as Bloomberg just reported has hiked the salaries of its bankers by 9%.



And since banks always do compensation decisions in tandem, expect every other bank to hike wages appropriately to avoid “disgruntlement.”


The good news – trickle down works.


The bad news – it is only working for those for whom trickle down has always worked (courtesy of the Cantillon Effect and the fact that Wall Street has owned the nation since the advent of the Fed), and for those who have zero urgent need of that marginal dollar increase.


But maybe, some time during QEternity^infinity, the same trickling will finally spill over into the broader economy and the much desired wage inflation will finally reach Main Street.


We wouldn’t hold our breath.





    


Zero Hedge



Trickle Down Works: UBS Joins Federal Reserve In Hiking Banker Salaries By 9%