DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Department of Justice Wall Street Fraud Convictions

**Romarionsion** · 08-16-2012, 06:57 PM

Clinton +1,000

Bush +1,300

Obama 10

Why Can't Obama Bring Wall Street to Justice? - Newsweek and The Daily Beast

oooops ... edit for Politburo as I was speed reading didn't see "zero large financial institutions"

Three older Connecticut women were arrested on federal criminal charges related to
“gifting tables” they were running in suburban Connecticut.
• In March 2012, The Task Force sent a property appraiser in Washington, D.C. to jail
for 65 months for fraudulently inflated prices in a scheme to “flip” properties. They
netted around $1 million in the scheme.
• Two health care software company executives got 13 and 15 years for fraud,
including their raid of Custodial Health Care Expense Accounts.
• A resident in Florida was charged and sentenced to 14 months in federal prison for
obstructing an SEC investigation by falsifying documents.
• Five people in California were charged in December with bid rigging over
Foreclosure Auctions. They are being charged with violating the Sherman Act and face
up to 10 years in jail.
• Federal officials went after ten people in Las Vegas for attempting to “fraudulently
gain control of condominium homeowners’ associations in the Las Vegas area so that
the HAOs would direct business to a certain law firm and construction company.”
• The owner of a Miami company got 46 months in prison for a scheme to defraud the
U.S. Export-Import Bank. He created fraudulent loan applications.
• Four people in Tacoma, Washington were indicted for conspiracy that resulted in the
failure of a small bank. They made “false statements on loan applications, false
statements to the U.S. Department of Housing and Urban Development.”4 So lets make that 10; Nary a financial institution of any significance.

Clinton years.
Clinton’s Department of Justice prosecuted over 1,800 S&L executives, senior officials, and directors, and over 1,000 of
them were sent to jail.5

The number three in George W. Bush’s Department of justice formerly served as an attorney at the IRS, and a U.S. Attorney from the Southern District of Manhattan directed
Bush’s Task Force. That Task Force did not exempt Jeffrey Skilling and Ken Lay from jailtime, although Lay died before he was sentenced. Between 2002 and 2008, this task force obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEO and corporate presidents
The Obama Department of Justice has not filed a single criminal charge against any top executive of an elite financial institution. Attorney General Holder, Associate Attorney General Thomas Perrelli, Associate Attorney General Tony West, and Deputy Associate Attorney General Karol Mason all came to the DOJ from prestigious white-collar defense firms, where they represented the very financial institutions the DOJ is supposed to investigate. Top DOJ officials played prominent roles in his 2008 campaign. Holder co-chaired the
campaign with Tony West, the DOJ’s third highest official. No other modern administration has staffed the DOJ with big money fundraisers. Holder
bundled $50,000 for Obama’s 2008 campaign, while Perrelli, West, and Mason all bundled $500,000 for the campaign. West also helped raise an estimated $65 million in California.

08-16-2012, 06:57 PM	#8
Romarionsion Join Date Oct 2005 Posts 480 Senior Member	Clinton +1,000 Bush +1,300 Obama 10 Why Can't Obama Bring Wall Street to Justice? - Newsweek and The Daily Beast oooops ... edit for Politburo as I was speed reading didn't see "zero large financial institutions" Three older Connecticut women were arrested on federal criminal charges related to “gifting tables” they were running in suburban Connecticut. • In March 2012, The Task Force sent a property appraiser in Washington, D.C. to jail for 65 months for fraudulently inflated prices in a scheme to “flip” properties. They netted around $1 million in the scheme. • Two health care software company executives got 13 and 15 years for fraud, including their raid of Custodial Health Care Expense Accounts. • A resident in Florida was charged and sentenced to 14 months in federal prison for obstructing an SEC investigation by falsifying documents. • Five people in California were charged in December with bid rigging over Foreclosure Auctions. They are being charged with violating the Sherman Act and face up to 10 years in jail. • Federal officials went after ten people in Las Vegas for attempting to “fraudulently gain control of condominium homeowners’ associations in the Las Vegas area so that the HAOs would direct business to a certain law firm and construction company.” • The owner of a Miami company got 46 months in prison for a scheme to defraud the U.S. Export-Import Bank. He created fraudulent loan applications. • Four people in Tacoma, Washington were indicted for conspiracy that resulted in the failure of a small bank. They made “false statements on loan applications, false statements to the U.S. Department of Housing and Urban Development.”4 So lets make that 10; Nary a financial institution of any significance. Clinton years. Clinton’s Department of Justice prosecuted over 1,800 S&L executives, senior officials, and directors, and over 1,000 of them were sent to jail.5 The number three in George W. Bush’s Department of justice formerly served as an attorney at the IRS, and a U.S. Attorney from the Southern District of Manhattan directed Bush’s Task Force. That Task Force did not exempt Jeffrey Skilling and Ken Lay from jailtime, although Lay died before he was sentenced. Between 2002 and 2008, this task force obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEO and corporate presidents The Obama Department of Justice has not filed a single criminal charge against any top executive of an elite financial institution. Attorney General Holder, Associate Attorney General Thomas Perrelli, Associate Attorney General Tony West, and Deputy Associate Attorney General Karol Mason all came to the DOJ from prestigious white-collar defense firms, where they represented the very financial institutions the DOJ is supposed to investigate. Top DOJ officials played prominent roles in his 2008 campaign. Holder co-chaired the campaign with Tony West, the DOJ’s third highest official. No other modern administration has staffed the DOJ with big money fundraisers. Holder bundled $50,000 for Obama’s 2008 campaign, while Perrelli, West, and Mason all bundled $500,000 for the campaign. West also helped raise an estimated $65 million in California.
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