Mary Schapiro - Does Mary Shapiro Care about Your Money?

Mary Schapiro
Mary Schapiro, Head of the SEC,Blatantly Ignores SEC Complaint
listing Warner Bros., AOL, Time Warner, Ernst Young, Intel,
SGI, Lockheed Martin with Billions upon Billions of Liability to Shareholders.


Click Here to Read Ignored SEC Complaint

Mary Schapiro is NOT paying Attention WHY?

What Affiliations, Pay Offs or Conflicts of Interest are
Preventing SEC intervention on a Trillion Dollar Liability?


If you Know Email Investigative Blogger
Crystal L. Cox at
Crystal@CrystalCox.com

Click Here to Read SEC Complaint






Saturday, March 20, 2010

Lehman accounting tricks possibly illegal - Lehman Brothers Bankruptcy - Lehman Brothers Whistleblower

"" NEW YORK – A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday.

Matthew Lee, a former Lehman senior vice president, was fired days after questioning the accounting tricks in a letter to his superiors, attorney Erwin Shustak said. Shustak gave a copy of the letter to The Associated Press.

Lehman Brothers Holdings Inc. imploded in September 2008, becoming the biggest corporate bankruptcy in U.S. history. The collapse sent financial markets across the globe into a free-fall and prompted a massive bailout of the U.S. banking system.

An examiner appointed by the bankruptcy court said in a 2,200-page report last week that Lehman hid its debt and perilous financial condition by using an accounting gimmick called Repo 105. The report revealed Lee's warnings to the bank, though his letter makes public the first internal assessment of the legality of Lehman's bookkeeping.

In a letter dated May 18, 2008, Lee wrote that he discovered that the bank had been underreporting its debt by about $5 billion at the end of each month.

Lee, a 14-year Lehman veteran, wrote that he felt compelled to report the "discrepancies" under the firm's code of ethics, saying he believed they "possibly constitute unethical or unlawful conduct."

"I believe the manner in which the firm is reporting these assets is potentially misleading to the public and various governmental agencies," Lee wrote. "If so, I believe the firm may be in violation of the code."

Days after sending the letter, the firm told Lee he was being terminated as part of a general layoff, Shustak said. After his firing, Shustak wrote a letter to the bank saying that Lee "believes he has been the victim of retaliation for bringing what he believed, in good faith, to have been ethical and securities law violations by Lehman."

Lee, 56, later reached a severance agreement with Lehman, however, he stopped receiving payments after the firm's collapse, Shustak said. He has filed a claim with the bankruptcy court to recover the unpaid amount.

The bankruptcy examiner's report and Lee's letter could provide a framework for any future legal action against Lehman executives.

Senate Banking Committee Chairman Christopher Dodd on Friday called for Attorney General Eric Holder to investigate the circumstances that led to Lehman's collapse. A Justice Department spokeswoman said the department would review the request.

The examiner, Anton Valukas, discovered that Lehman put together complex transactions that allowed the firm to sell "toxic," mostly mortgage-backed, securities at the end of a quarter — wiping them off its balance sheet when regulators and shareholders were examining it — and then quickly buy them back.

His report doesn't conclude whether executives violated securities laws. It does say that the executives' decision not to disclose the effects of its business judgments appears to be sufficient evidence to support the awarding of civil damages in a trial.

The executives named by the report include former CEO Richard Fuld and three chief financial officers. Fuld has denied knowing what the transactions were or the accounting for them.

Securities and Exchange Commission Chairman Mary Schapiro said Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008. Without naming Lehman or other banks, Shapiro said the bankruptcy examiner's report raised "some very interesting points" and will be helpful to the SEC probe. ""

Source
http://news.yahoo.com/s/ap/20100319/ap_on_bi_ge/us_lehman_brothers_whistleblower

Read more...

Friday, March 19, 2010

"At SEC, the system can be deaf to Whistleblowing" - I say the SEC has Motives to NOT Listen as they Still are NOT Listening To Billion Dollar Tips.

Mary Schapiro - Your Fired !!

" By Zachary A. Goldfarb
Washington Post Staff Writer
Thursday, January 21, 2010

Eric Kolchinsky was an executive at Moody's, the credit rating company, when he called a top official at the Securities and Exchange Commission in September to warn that his firm might be violating securities law. He reported that Moody's was blessing mortgage-backed investments that it knew were dangerous, according to a person familiar with the conversation.

The SEC official assured Kolchinsky that someone from the agency would call him back shortly. But the call never came, Kolchinsky later told congressional investigators who were examining how the credit rating industry's failures contributed to the financial crisis. He had gone to Congress after losing patience with the SEC.

Kolchinsky is one in a series of whistleblowers who in recent years tried to tip off the SEC to potential wrongdoing, only to be ignored, misunderstood or left to wonder whether they were being listened to. The SEC has no system in place to guide how officials should handle tips and complaints from outsiders, making it difficult for investigators to take advantage of an invaluable source of information.

This failure helped to continue two of the most celebrated frauds of the last decade for several years, potentially costing unwitting investors millions of dollars. Countless others may have been left vulnerable to shysters because of warnings that went unheeded.

Since SEC Chairman Mary L. Schapiro took office last year, she has said that fixing the holes in the process for handling tips and complaints has been a top priority. But improving the way hundreds of thousands of tips are analyzed and pursued has proven difficult.

The SEC's enforcement division got back in touch with Kolchinsky about his allegations only after he told the story publicly to a congressional committee last fall, according to a person familiar with the matter.

The SEC said it responded to Kolchinsky's concerns but declined to provide details or to say how fast it did so. Moody's said it examined his allegations and found nothing improper.
The SEC has a haphazard, decentralized system for analyzing outsider information.

Tips arrive by phone, mail and e-mail to officials throughout the agency -- investor education to enforcement divisions. A study commissioned by the SEC last year and conducted by Mitre, a nonprofit group that does research for the federal government, found that the SEC lacks technology to analyze tips and complaints, as well as cohesive policies for what officials should do when they get information.

Whistleblower complaints are one of the main ways that investigators should be tipped to wrongdoing, SEC officials say, along with inconsistencies in financial filings and alerts from financial exchanges about suspicious trading patterns. But the SEC lags behind some other federal agencies in handling tips.

The Internal Revenue Service, for instance, pays reward money to whistleblowers who provide credible information about tax fraud. The Federal Trade Commission has set up a call center for tips and complaints.

On top of structural problems at the SEC, agency officials individually made mistakes in handling several recent cases, sometimes violating agency rules.

Members of Schapiro's management team said they recognized problems with the system for handling whistleblowers shortly after taking over.

"There was no uniformity to it. Every division and office had its own system of recording, tracking or handling tips and complaints. That system was pretty rudimentary," said Steve Cohen, the official tasked by Schapiro to overhaul the agency's tips, complaints and whistleblower program. "We're already working to acquire and deploy technology that centralizes all of the agency's tips and complaints so they can be sorted, reviewed, analyzed and tracked."

No shortage of witnesses

The SEC's struggles were underlined over the past two years with the revelation of two huge Ponzi schemes.

In the case of Bernard L. Madoff, whistleblowers had provided credible information to various SEC units for years.

The most prominent of these informants, a Boston financial analyst named Harry Markopolos, contacted the enforcement division on numerous occasions, according to the SEC's inspector general.

In one instance, Markopolos provided a detailed explanation of why Madoff's business was probably a fraud. Enforcement officials listened, but they dismissed him in their internal discussions. Two former enforcement officials told the inspector general that they discounted Markopolos's information because he was not an insider in Madoff's company.

Then, a few months after the Madoff scheme exploded into the headlines, the SEC exposed a second large Ponzi scheme, run by R. Allen Stanford. But that happened five years after an insider went to the SEC, warning that Stanford might be conducting a fraudulent business.

Leyla Wydler had been a vice president at Stanford's Houston-based company when she first started asking her supervisors tough questions about what the firm did with clients' money, according to her testimony before Congress last year. Her superiors were evasive, and she ultimately was fired.

After that, she went to the National Association of Securities Dealers, a private industry regulator overseen by the SEC. The NASD dismissed her concerns. Then in September 2004, she contacted the SEC's Fort Worth office, according to her congressional testimony. She followed up with a letter to an official there, questioning whether clients' money had been invested in the way Stanford said.

She never heard from the SEC again -- until January 2009, days before the SEC finally filed a case against Stanford, according to her testimony. The agency wanted to know more about her allegations. An inspector general report from June 2009 said the SEC began looking into Stanford years earlier but struggled to build a case against him.

Turning in the Tipster

In one case, it was the SEC that blew the whistle on Peter Sivere, an informant.

Sivere worked in the compliance office of New York investment bank J.P. Morgan Chase. As part of a team helping the bank furnish documents related to a 2004 SEC probe into suspected illegal trading, he found an e-mail that he thought was incriminating.

According to a subsequent report by the SEC inspector general, the e-mail said J.P. Morgan was knowingly providing hundreds of millions of dollars in credit to a firm "in the business of day trading mutual funds" -- which is illegal.

Sivere asked his superiors if this e-mail had been turned over to the SEC but did not get an answer. Instead, he was taken off the SEC project, according to the inspector general report. Sivere accessed his superiors' e-mail accounts to retrieve relevant e-mails, then contacted the SEC. He told the agency that he had relevant documents and asked whether he could receive a reward. He was told he was not eligible, but he turned over the documents anyway.

Sivere informed J.P. Morgan that he had contacted the SEC.

The company fired him, partly on the grounds that he had "sought payment from the SEC to provide documents and information to them outside of the normal scope of their investigation," according to a letter company lawyers wrote defending his dismissal. J.P. Morgan declined to comment for this article.

Sivere was shocked to learn that J.P. Morgan knew he had inquired about a bounty. He had been promised that his discussions with the SEC were confidential.

An SEC internal probe found that an investigator working on the case disclosed Sivere's information to J.P. Morgan's lawyers, violating the agency's confidentiality rules. The inspector general recommended that the SEC official who made the disclosure be referred for disciplinary action. None was taken, according to agency documents.

Retraining the Watchdog

Cohen, who is overhauling the SEC's whistleblower practices, said a database, jury-rigged from existing technology, will be in place this month to centralize all tips and complaints. Officials said that by the end of 2010, they hope to develop technology that would not only centralize the data but also automatically analyze them for patterns to help officials prioritize cases.

Currently, the SEC is setting procedures for responding to whistleblowers and is creating an office of market intelligence to coordinate how the agency's various units respond to tips.

The agency also wants to be able to reward whistleblowers, which it can only do now for insider-trading cases. The SEC has requested that Congress pass legislation giving it the ability to offer financial rewards to people who provide evidence of violations of securities law. ""

Source of Article
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/20/AR2010012005125_2.html

The SEC Gets Tips that Will inevitable Cost Shareholder Millions and they HAVE No System in place to really handle these tips, yet they act like they are taking in Tips and Handling them. The Iviewit Technologies Case will one day explode into Billions in Loss and the SEC has ignored the Eliot Bernstein SEC Complaint - and has know of the Involvement of Proskauer Rose way before the Standford Billions were lost. More on the Iviewit Stolen Patent and what Companies are affected go to http://www.deniedpatent.com/ and www.Iviewit.TV

Why is there no Accountability for the SEC Insiders that let these Billion Dollar Scams Happen then after the Scam and many innocent investors lose everything, the SEC insider gets a a Really Good Job at a high profile law firm. And no one seems to raise an eyebrow.

All these Billion Dollar Investment schemes seem to have the same thing in common. They have a Mega Law Firm behind them helping them, and the Law firms such as Proskauer Rose seem to have No Accountability for the Damage they due to investors.

In the Stanford investment Scandal SEC Sjoblom went to Proskauer Rose - talk about a conflict of Interest - Proskauer Rose seems to be behind a whole lot of these Billion Dollar Scams and they never seem to be held accountable.

In the Dreier Scandal there was Proskauer Rose LLP Attorney Sheila Gowan.

In the Madoff Scandal and there is said to a woman who fled the SEC to the Law Firm Proskauer Rose and that she is fingered all over the SEC report on Madoff failures.

So the SEC seems to hire these lawyers and let them run these scams and there seems to be no REAL
regulators of any kind for the ones in place seem to be part of the organized RICO Enterprise of Criminal Lawyers and Law Firms and the US court System does not seem to be able to do anything about them.

Is the SEC Liable for Billions to Trillions of Investors money when it is Obviously, Easily proved that the SEC Ignored TIPS for Years upon Years in all these cases. Time to Sue the SEC. This Government Agent should not be above the law, it is as if they let this stuff go on - on Purpose for pay offs and cushy jobs... and year after year the same scheme plays out and no one seems to be able to bring Justice, Accountability, or Real Action from the SEC to do what the Duty of the SEC is....

Links

Sheila M. Gowan - Proskauer Rose - Iviewit
http://www.free-press-release.com/news-iviewit-trillion-fed-suit-defendant-proskauer-rose-sued-in-global-class-action-re-stanford-ponzi-1252249099.html

Standford - Proskauer Rose - Thomas Sjoblom
http://www.proskauersucks.com/2010/01/thomas-v-sjoblom-allen-stanford.html

Madoff - Proskauer Rose
http://www.proskauerrosesucks.com/2010/02/proskauer-rose-madoff-mary-shapiro-sec.html

Read more...

Tuesday, March 16, 2010

Eliot Bernstein of Iviewit Technologies files SEC and FBI Complaint with Mary Schapiro, against Warner Bros., AOL Inc., Time Warner, Intel, SGI, and .

SEC Complaint Filed, is the SEC Listening .. It Does not sound like it. The SEC must be covering up for Favors owed, covering and protecting billionair tech companies and Above the Law Law Firms Like Foley and Lardner and Proskauer Rose.

Eliot Bernstein of Iviewit Technologies files SEC & FBI Complaint with Mary Schapiro & Others against Warner Bros., AOL Inc., Time Warner, Intel, SGI, Lockheed Martin, Proskauer Rose, Foley & Lardner.

"" March 14, 2010 --

FORMAL CRIMINAL COMPLAINT TO SEC & FBI
RE SHAREHOLDER FRAUD BY LEADING BLUE CHIPS

Corp Management of Time Warner (NYSE: TWX), Warner Bros. Entertainment Inc., AOL Inc. (NYSE: AOL), Intel Corporation (NASDAQ: INTC), Silicon Graphics, Inc. (delisted NYSE: SGI) & successor Silicon Graphics International (NASDAQ: SGI), Sony Corporation (NYSE/ADR: SNE) , Lockheed Martin Corporation (NYSE: LMT), Ernst & Young Global Limited have known about the Trillion Dollar Iviewit Liabilities for years & allegedly have concealed the liabilities from Shareholders & in some instances reorganized to the detriment of Shareholders in alleged fraudulent transactions, which may lead to Shareholder Rescissory Rights & catastrophic damage to the companies as complained of to Fed Officials.FEB 12, 2010 CRIMINAL COMPLAINTThe SEC Complaint filed Feb 12, 2010,

“Iviewit & Eliot I. Bernstein Official Formal Complaint…against Warner Bros. Entertainment, Inc., AOL Inc. & Time Warner, regarding Trillion Dollar alleged Fraud on Shareholders; FASB No. 5 & other SEC accounting violations & violations of State, Federal & Int’l Laws; Rescissory Rights of Shareholders; Evidence & Important Info for the SEC regarding ongoing SEC Investigations of Bernard L. Madoff, Marc S. Dreier, Sir Robert Allen Stanford, Proskauer Rose, Galleon, Enron Broadband, Enron, Arthur Andersen & more”

http://www.iviewit.tv/wordpress/?p=274

and

http://www.iviewit.tv/CompanyDocs/20100206%20FINAL%20SEC%20FBI%20and%20more%20COMPLAINT%20Against%20Warner%20Bros%20Time%20Warner%20AOL176238nscolorlow.pdf

SEC COMPLAINT INTEL, LOCKHEED MARTIN & SGIA SEC complaint also was filed by Iviewit against Intel, SGI & Lockheed & similar allegations were levied against these corps for Patent Theft, knowing infringement & Shareholder Fraud.

The March 29th 2009 SEC Complaint to Shapiro titled “Complaint Regarding Intel Corp & Possible Trillion Dollar Fraud on Intel Shareholders & Others”http://www.iviewit.tv/CompanyDocs/United%20States%20District%20Court%20Southern%20District%20NY/20090325%20FINAL%20Intel%20SEC%20Complaint%20SIGNED2073.pdf

12 COUNT 12 TRILLION DOLLAR FED RICO & ANTITRUST SUIT LEGALLY MARKED “RELATED” TO NY SUPREME COURT WHISTLEBLOWER SUIT

Liabilities for the complained of companies centers on both knowing technology infringements & liabilities from failure to report the Fed RICO & ANTITRUST filed by Iviewit & now legally marked “RELATED” to the Whistleblower suit of Christine C. Anderson, a former staff attorney for the NY Supreme Court Appellate Division. Anderson gave riveting testimony of systemic corruption to the NY State Senate Judiciary & in sworn testimony in before Judge Shira Scheindlin of Whitewashing & Criminal Obstruction by Court Officials for “Favored Lawyers & Law Firms, the US Attorney in New York, the DA and Asst DA” or words to that effect. Anderson further fingered one of the “CLEANERS” of ATTORNEY MISCONDUCT COMPLAINTS at the NY Supreme Court as Naomi Goldstein.A “CLEANER” at the ETHICS department of NY responsible for attorney regulation in Manhattan & the WallStreet financial district, perhaps the reason the country is suffering from a lack of attorney regulation in the heart of the financial district that has led to lax or complicit regulators and prosecutors and a worldwide economic meltdown.

Anderson’s testimony http://www.iviewit.tv/20090608nysjudiciaryhearing/index.htmhttp://www.iviewit.tv/wordpress/?p=205

Bernstein testimony before the NY Senate Judiciary of systemic corruption that has blocked due process & procedure via corrupt infiltration of the NY Courts @http://www.iviewit.tv/wordpress/?p=189http://www.iviewit.tv/wordpress/?p=165

HOUSE OF CARD COLLAPSING ON NY CRIME SYNDICATE INSIDE NY COURTS, ETHICS DEPARTMENTS, PUBLIC OFFICES & REGULATORY AGENCIES BY CRIMINAL LAW FIRMS & LAWYERSThe House of Cards is Crumbling on Key Players in the Iviewit Scandal as the NY Corruption Scandal Elevates to Senior NY Political Figures including Cuomo & members of the NY Supreme Court & US Fed Courts in NY. Proskauer Rose.

Proskauer, mastermind of the bungled attempt to steal the Iviewit patents through Fraud on the US Patent Office & further bungled attempts to cover up the crimes in the NY Courts is under further scrutiny with Proskauer’s direct involvement in the Stanford Financial Ponzi & subsequent resignation of partner Thomas Sjoblom, a former SEC enforcement officer, allegedly found coaching Stanford employees on how to lie to SEC & FBI investigators at a Miami Airport Hanger preceding the arrest of Stanford & his employees.

Proskauer also sued in a Class Action suit for the entire 7 billion dollar Stanford losses & sued by an arrested Stanford employee. Proskauer has further direct ties to both the Madoff & Dreier Ponzis.NY Attorney General CuomoFollowing the illegal representation by the NY AG in the Iviewit RICO & ANTITRUST suit & Anderson’s Whistleblower suit under Spitzer as NY AG, the Cuomo Admin continues to represent illegally State Defendants in both cases left over by Spitzer (a named Defendant in the RICO and Antitrust).

As the Iviewit & Anderson claims are further investigated & litigated these present the largest liability to Cuomo’s run for any office as the largest scandal brewing in NY begins to unravel with his offices dead center.

Anderson’s filing http://www.frankbrady.org/TammanyHall/Documents_files/Anderson%20111609%20Filing.pdf

Iviewit filings of Illegal rep by Cuomo @http://www.iviewit.tv/CompanyDocs/United%20States%20District%20Court%20Southern%20District%20NY/20080305%20Final%20Plaintiff%20Oposition%20to%20AG%20Cuomo%20letter%20email%20copy.pdfhttp://www.iviewit.tv/CompanyDocs/United%20States%20District%20Court%20Southern%20District%20NY/20090129%20Final%20Extension%20of%20Time%202%20SIGNED%20low.pdf

The US District CourtWith Anderson’s revelations in the US District Court & the Jury finding that her 1st Amendment Rights to Free Speech regarding Whistleblower Allegations had been violated, the whole case has been called into question & further questioned due to the ILLEGAL REPRESENTATION of the NY AG Cuomo’s office. Based on Cuomo’s illegal representation of State Officials, Anderson filed for an entirely new hearing based on the Cuomo’s mass conflicts. Iviewit alleges that NY AG Cuomo’s illegal representation of State Defendants, Officially & Personally, violates his office duties & obligations of honest services to NY, public office rules and violates state & federal laws, whereby the Conflicts of Interest act to block investigation of the State Defendants fingered by Whistleblower Anderson & in Iviewit’s suit, causing Obstruction of Justice through Fraud on the Court. Serious allegations for Cuomo who continues to illegally represent State Officials on public funds, while failing to investigate those same public officials, including former NY Chief Judge Judith Kaye.

Also of concern is if these massive liabilities have been reported to State Auditors by Cuomo?The US 2nd CircuitIn the US Second Circuit, Iviewit filed a “Motion to Compel” compelling that court to follow law, as with Anderson’s revelations exposing court members, that court has tried to ILLEGALLY Dismiss all the legally “related” cases to Anderson in attempts to bury them & keep the lids on the scandal that may lead them to exchange their legal robes for prison garb. Motion to Compel

http://www.iviewit.tv/wordpress/?p=78http://www.iviewit.tv/CompanyDocs/United%20States%20District%20Court%20Southern%20District%20NY/20090908%20FINAL%20Emergency%20Motion%20to%20Compel%20SIGNED44948.pdf ""

"Addressed to:
SEC Chair Mary Shapiro
SEC IG, H. David Kotz
IG OF THE US DOJ, Glenn Fine
FBI
HOUSE & SENATE JUDICIARY COMMITTEE
NY SENATE JUDICIARY COMMITTEE
US AG, Eric Holder

Treasury IG, David Gouvaia
SBA IG, Peggy Gustafson & Daniel O’Rourke

US DEP OF COMMERCE IG, Todd Zinser
Under Sec of Commerce for Intellectual Property & Dir of the USPTO, David Kappos
Deputy Under Sec of Commerce for Intellectual Property & Deputy Dir of the USPTO, Sharon Barner

USPTO - OFFICE OF ENROLLMENT & DISCIPLINE DIR, Harry I. Moatz
US PRESIDENT, Hon President of the US, Barack H. Obama II
FILED AGAINST
Warner Bros. Entertainment, Inc.
Chair & CEO: Barry Meyer

Pres & COO: Alan Horn
EVP & CFO: Edward Romano
VP & Chief Patent Counsel: Wayne Smith
AOL, Inc.
Chair & CEO: Tim Armstrong
GC & EVP: Ira Parker
Counsel - Patent Lit, Prosecution & Licensing: Christopher Day
Exec Escalation Team: Jerry McKinley

Time Warner, Inc.
Chair & CEO: Jeffrey Bewkes
EVP & GC: Paul Cappuccio
MARCH 29, 2009 SEC COMPLAINT INTEL, LOCKHEED MARTIN & SGI "

Press Release for Immediate Release

Read more...

Sunday, March 14, 2010

Howard L. Shapiro - Counsel to the Inspector General. Dan Petrole - Peter Sivere Whistleblower Smackdown. Blatant Disregard.

SEC Investigators - OSHA Investigators - SEC OIG Report of Investigation - Industry Whistleblower - SEC Fraud and Failing the Public.

Howard L. Shapiro - Counsel to the Inspector General
Deputy Inspector General, Dan Petrole

Below is What Seems to Me Like a Whistleblower Smackdown, as the SEC Fails Over and Over to Protect Whistleblower, Consumers, Shareholders and Faild to Investigate Fraud. Is there No Accountability, Transparency or Rights on any Level?

***********

In a message dated 2/17/2010 7:55:05 A.M. Eastern Standard Time, shapiro.howard@oig.dol.gov writes:

Mr. Sivere:

The Deputy Inspector General, Dan Petrole, has asked me to respond to your recent e-mail to him, in which you state:

In light of the new public interest in this matter I would like for you to re-open this investigation. Please see the attached documentation from Mr. Heddell (signed by you on his behalf) and his reasoning for not re-opening this investigation.

Specifically, Mr. Heddell stated "our review of the SEC OIG Report of Investigation does not provide sufficient basis to revisit this determination."

Why didn't OSHA ever produce a final determination in this investigation? Did OSHA ever interview George Demos or speak directly with the SEC in regard to his allegations of me?

Upon review of the linked web pages (in your e-mail), it appears that the new public interest in this matter primarily relates to actions taken (or not taken) within the SEC, and does not provide a sufficient basis or justification for the DOL OIG to re-visit its previous determination regarding the opening of an investigation with respect to actions taken by OSHA employees.

Howard L. Shapiro
Counsel to the Inspector General "

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

From: PSivere@aol.com [mailto:PSivere@aol.com]
Sent: Thursday, March 04, 2010 6:10 AM
To: Shapiro, Howard - OIG
Cc: Petrole, Daniel - OIG
Subject: Re: Request to OIG

Dear Mr. Shapiro,

Nothing in the attached Memorandum of Understating between the SEC and DOL, entered into July 29, 2008 contain any restrictions on the DOL.

Has Mr. Petrole made any attempt to discuss this matter with the SEC OIG as outlined in the MOU? The fact that my confidential information was leaked during an OSHA investigation and the DOL OIG has no interest in investigating why OSHA investigators did not or will not investigate the leak is troubling.

At a minimum the OSHA investigators should have contacted the SEC investigators to compare "facts." The SEC OIG was concerned enough to investigate their own, why won't the DOL OIG do the same? What is the downside for DOL to produce a similar report as the SEC OIG did?

Thank You,
Peter ""

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

Message from Dan Petrole to Howard L. Shapiro

"In a message dated 3/4/2010 3:16:53 P.M. Eastern Standard Time,
Petrole.Daniel@oig.dol.gov writes:

Howard,

I assume that you are monitoring these e-mails. I also realize that Mr. Sivere agreed to a settlement regarding his issue. Just want to make sure you are comfortable that nothing comes back to bite us.

Dan"

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

"From: PSivere@aol.comTo: Petrole.Daniel@oig.dol.govCC: shapiro.howard@oig.dol.govSent: 3/11/2010 5:41:03 A.M. Eastern Standard TimeSubj: Re: Request to OIG

Mr. Petrole,

Leaving the settlement aside for a moment. Congress charges your agency with protecting the workers of this country. Specifically, it charges you to ensure that certain programs are administered and carried out without interference or political agendas.

Sadly, your comment below illustrates why the American people are fed up. You are in Washington to serve the people of this country. It's a sad state of affairs when the agency charged with protecting the workers of this country believe we are better protected when civil servants, like yourself, put politics before your actual mandate.

This is not a legal issue. This is a systematic breakdown of your agency and all you focus on is CYA. I purposely let your e-mail sit in my in box for the past week with the hopes of establishing some dialogue with you and your agency. Sadly, it did not happen.

Thank You,
Peter Sivere "
Posted here by
Investigative Blogger

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Thursday, March 11, 2010

Long Island Congressional Candidate Cited for Giving Up JPMorgan Whistleblower

""George Demos is a Republican Congressional Candidate from Eastern Long Island whose Web site bears the slogan "Fighting for Freedom," and touts his service as an enforcement lawyer in the New York office of the Securities and Exchange Commission. A bio says that he "handled some of the SEC's most significant investigations," including that of Ponzi scheme artist Bernard Madoff, and "worked tirelessly on the cases that never made the headlines."

But one case that never made headlines was his own: Demos' campaign Web site and public statements omit any reference to a report last March of the SEC's Inspector General (IG), which found he had improperly disclosed protected, nonpublic information about a whistleblower to the counsel for that whistleblower's employer, a major Wall Street bank, JP Morgan Chase.

The IG's charges of misconduct grew out of an SEC probe that began in 2003 of JPMorgan and other big financial institutions suspected of illegal market practices.

Demos has denied he did anything improper, and his campaign declined to comment on the matter. But documents obtained by the Project On Government Oversight (POGO) -- a non-partisan non-profit based in Washington -- confirm that Demos was the staff attorney who was cited in the IG report for violating SEC rules.

The IG referred the case to the agency's management for possible disciplinary action, but the SEC took no action. Soon after that, Demos quietly resigned from his job and launched his bid for a seat in the House of Representatives.

But the confidential information that Demos disclosed was used by a JPMorgan lawyer against one of the bank's own employees, a whistleblower who had alerted the SEC to possible wrongdoing by his employer, according to the report and other documents, some released under the Freedom of Information Act.

The significance of the case goes beyond politics.

In response to widespread public anger over Wall Street abuses and a weak economy, the SEC and its latest chairman, Mary Schapiro, have pledged repeatedly to protect whistleblowers and pay more attention to their reports of illegality and market abuse.

The Madoff case itself involved a whistleblower whose information the SEC had largely ignored, and a financial analyst at a prominent Wall Street company said last year that he, too, had trouble getting phone calls returned by the SEC after informing the agency his employer might be breaking the law. In response, the SEC has launched a program to cope with the hundreds of thousands of tips it receives every year, but progress has been painfully slow.

Meanwhile, the SEC also appears to be brushing aside or delaying action on the recommendations of its own IG, and not just in the Demos matter. In response to a recent Freedom of Information Act request submitted by POGO, the SEC has said that since 2007 there have been more than 200 recommendations from its IG on which the agency has either taken no action, or on which action was still pending.

Demos is a 33-year-old politically wired attorney who attended Fordham Law School. According to his campaign Web site, his donor list includes wealthy Wall Streeters and others, who have given him more than $300,000 since October.

His bio includes stints in the District Attorney's office in Suffolk County, Long Island, and service as enforcement lawyer at the SEC from 2002 to 2009.

He was involved in the campaigns of former New York Gov. George Pataki and former Sen. Alfonse D'Amato, and is now in a field of candidates, including Chris Cox, an attorney and the grandson of former President Richard Nixon, who are seeking the GOP nomination in New York's 1st Congressional District, a swing district. The seat is currently held by Tim Bishop, a Democrat, who is considered vulnerable in November.

The SEC IG's findings did not identify Demos by name when they were included in the watchdog's semi-annual report to Congress last year. But documents obtained by POGO, including internal SEC materials and related correspondence, make clear that Demos' conduct lay behind the section of the report on the JPMorgan whistleblower, who worked as a mid-level compliance officer in New York.

According to a redacted version of the report, the whistleblower, whose name is Peter Sivere, first came to the SEC with what he described as "confidential" evidence of the bank's alleged failure to disclose material sought in the SEC probe.

The SEC was investigating a practice known as market timing, which can be illegal. It typically involves trading that favors short-term buyers and sellers to the detriment of long-term shareholders like retirees.

After the whistleblower's initial e-mail contact with the SEC in June 2004, Demos replied to him, confirming, among other things, that the agency's probe was "confidential."

Several major institutions, such as Bank of America and Alliance Capital Management, later reached settlements in similar SEC inquiries, but JPMorgan was never charged with a violation, and this week had no comment.

In July 2004, Sivere brought an employment claim against JPMorgan before the Occupational Safety and Health Administration. He contended that the bank began threatening his job after he had gone to the SEC. JPMorgan strongly disputed Sivere's allegations.

OSHA issued a preliminary finding in favor of the whistleblower, saying there was "reasonable cause to believe" that he had faced retaliation, and that his "preliminary reinstatement" was warranted. Not long after, Demos informed JPMorgan's counsel that Sivere had initially sought a cash payment from the SEC for information he was offering the agency, apparently in hopes of benefiting from a well-publicized SEC program to elicit information from tipsters.

The lawyer for JPMorgan then used Sivere's confidential request for a bounty to question his whistleblower credentials, and informed OHSA that he had asked for money. Apparently concerned that this had damaged his case, despite the initial finding in his favor, Sivere then dropped his complaint against JPMorgan and settled the case.

A well-known Washington securities lawyer who did not want his name used in a discussion of the sensitive case explained that "whistleblowers are often unfairly disparaged for requesting payments, even though U.S. law specifically authorizes rewards to certain informants." JPMorgan has denied any impropriety. It ultimately fired Sivere in October 2004.

In October 2008, the SEC's IG launched its own investigation in response to information from Sivere. Its final report provided a description of what it said was Demos' improper disclosure, as well as an earlier, internal SEC examination of the matter.

Demos, when first questioned by an SEC supervisor, "did not admit" to the improper disclosure, the IG report says, though he did concede he might have been responsible, saying he "did not remember."

Based on that inconclusive evidence, Demos' SEC superior drew no definite conclusion about whether Demos had made the disclosure. Even so, he formally "counseled" Demos in late 2005 about the importance of keeping protected information within the agency, the IG said.

The IG later interviewed Demos' SEC superior and others at the agency. The IG also contacted lawyers for JPMorgan, including one to whom the disclosure had been made. That lawyer readily identified Demos as the source of his information, according to documents.

As the IG report concludes, Demos "not only gave . . . JPMorgan permission to use the non-public information about an informant against him [in the OHSA proceeding], but actually encouraged such use."

The IG found that Demos' disclosure was a violation of SEC rules, which severely restrict the release of confidential information obtained in the course of an investigation.

The failure of Demos' campaign to let prospective voters know about any of these events may not be surprising, but only days after he launched his run for Congress on Oct. 13, 2009, candidate Demos sent a two-page letter rebutting charges of ethical misconduct in the SEC matter that had surfaced in another forum: the Departmental Disciplinary Committee of the New York State Supreme Court Appellate Division, which reviews and investigates ethical complaints against lawyers.

Upset that the SEC was doing nothing in response to its own IG's disciplinary referral, the New York ethics complaint naming Demos was filed by Sivere, the fired whistleblower. Demos' letter in response to that complaint argued that it was "entirely without merit."

The complaint has yet to be resolved, but could result in a finding of no wrongdoing or penalties ranging from censure to disbarment.

In his letter to the Supreme Court's Disciplinary Committee, Demos concedes that information about the whistleblower may have been released, but only in line with SEC "regulations and policies." Demos' statement appears to be at odds with the IG's finding.

His letter also attacks the protected status of the whistleblower's information, arguing that the one time JPMorgan employee "was owed no duty of confidentiality or loyalty by the Commission [SEC] or me" -- another statement that contradicts the IG's conclusions.

Michael Smallberg is an investigator at the Project On Government Oversight (POGO). Adam Zagorin is Journalist in Residence at POGO. POGO is a non-partisan, non-profit government watchdog group based in Washington, D.C.""

Source
http://www.politicsdaily.com/2010/01/28/long-island-congressional-candidate-cited-for-giving-up-jpmorgan/

I do not believe that the SEC even Tries to Check on Reports or Tips... I believe that the SEC, Mary Schapiro looks at who the "Names" and "Players" are and decides from there whether to look into it or not.. the Iviewit Trillion Dollar Stolen Patent Case Shows this VERY Well... as the SEC, Mary Schapiro knows full well of a Massive Shareholder Fraud and they DO NOTHING.. they don't even seem to acknowledge it has been reported...

more on the iViewit Stolen Patent at
www.Iviewit.TV and www.DeniedPatent.com

and More on Mary Schapiro Click Here

the Obama Administration Brags about new laws to protect Whistleblowers... Laws seem to be in place but in the Real World Whistleblowers are Treated as Criminals and their Lives are turned upside down...

Read more...

Friday, March 5, 2010

Eliot Bernstein of Iviewit Technologies files SEC Complaint with Mary Schapiro Against Warner Brothers, AOL, Time Warner,Intel, SGI, Lockheed Martin.

Eliot Bernstein, Iviewit Technologies Filed a Detailed Complaint with the SEC, with Mary Schapiro Against Warner Brothers, AOL, Time Warner, Intel, SGI, Sony Corporation, Lockheed Martin and More.

Mary Schapiro and the SEC have been Warned in Great Detail of Major Shareholder Fraud. If you are a Shareholder of Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin YOU need to be aware of the Eliot Bernstein Iviewit Complaint.

The Corporate Management of Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin have known about this Liability for years and they are hiding it from you. Many of your investment firms now know of this SEC Complaint to Mary Schapiro - I have seen them on my site and Clicking through to the Enormous Amount of Details and proof in the SEC Complaint itself and at the Iviewit Technologies Website on this Iviewit Technologies Stolen Patent, www.iViewit.tv.

The SEC Complaint proves without a doubt of what will Soon be Trillion Dollar Liability to the Shareholders of Warner Brothers,AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin. This will be in the Billions for Each Company, and the Shareholders of Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin as well as Mary Schapiro of the SEC and the Major Law Firms involved in this Trillion Dollar Shareholder Fraud, well they will NOT be able to say they did not know, for there are well over a Thousand Documents at www.iViewit.tv that proves they have known for years.

How long will this game go on? No one can really be sure how long that Mary Schapiro of the SEC, the USPTO, the US Courts will let this continue to drag out at the expense of the shareholders of Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin. What we can see is Blatant Obvious Fraud, Obstruction of Justice and a Covering up for folks like Intel CEO Paul Otellini, Ex-General Counsel of Warner Bruce Sewell - Now the General Counsel at Apple, Jeffrey Bewkes of Warner Bros., Proskauer Rose Law Firm, Foley and Lardner Law Firm, and Many more in the SEC Complaint filed by Iviewit Technologies Eliot Bernstein.

These High Profile Law Firm and the United States Securities and Exchange Commission Keeping this information from shareholders if Unethical at best, it is Fraud and the shareholders will pay for all of this with their hard earned money as the years pile on.

Click here to Read Details of this SEC Complaint.

Eliot Bernstein of Iviewit Technologies has Filed an SEC Complaint and YOU need to Know about. Click Here for the Official SEC Complaint and Great Detail and Proof of Shareholder Fraud and Shareholder Liability cause by Neglect, Fraud and Blatantly Violations of Contracts by Warner Brothers, AOL, Time Warner,Intel, SGI, Sony Corporation, Lockheed Martin and more carry Trillions in Liability that they have seemingly reported to No One.

Eliot Bernstein SEC Complaint

Read more...

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