jennie pakula's request: sub 2.1 foreign bribery inquiry
TRANSCRIPT
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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Dear Senators,
Submission to the Senate Inquiry
chaired by Senator Sam Dastyari
into
Foreign Bribery/Corruption
This E ~ l ; m.1d0
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We enclose our law colleagues' Minutes
..
from 1930, the age of gangsters, tommy guns and
stock market crashes - some of our people have seen a lot.
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Foreign briberySubmission 2 - Supplementary Submission
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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Tor B Suppression Orders:
The RBA documents in the Note bribery case had to go to real overseas law enforcement and
intel people under one proviso
in
Justice Hollingwo1ih ' s gag order (that was lifted a year later ,
last week). Who's protecting who? (Incidentally you should look at power companies basically
owned by relatives of
foreign politicians and ask whether faux management fees are siphoned
off
the top: are power company customers paying the consequences, and was the Royal Commission
into bushfires run by lawyers rather than accountants?
We
think the accountants are better
·nves iga ors, we support
fil
e RiCU 3
e enclose the Telstra-FBI agreement for i r e taps.
n
ew of the illion comments ins
accountin · laws call ·
n Sia
elped vo
in
the fl i-graft Independ
'red
of
e corporate greed and graft
I
T h i s i s ra c k e tee r ing a t its f i nes t a n d F O S i s comp l i c i t i n t h i s . .A de f in i t ion :
R a c
k
e tee r ing re fe rs to cr imina
l act iv i ty
t ha t
is
pe r fo
r
m e d to
b ene f i t
an o rgan iza t ion su ch a s
a
c r i me
s y
n d
'ica te . E xa m p l e s o f ra ck e tee r in g act iv ity i nc lud·e e xtort ion . m o n e y ... See r - o re
Li k e
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' the t e r m s
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tha t sa id - a t an y t ime the anz. c a n reduce o r c a n c e l y our c red i t l im ir th e y l a t e r ch a n g e d it to
i nc lude 'v i th
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th e
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so lu te uph i l l s t rugg le
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u t
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e t
c.
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are
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ne
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o n e
c o m e s in,
s o m e can b e
f ound on l i ne so
k
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t h o se b o o k l e ts v1
hen the
y c o m e
in
the
mai l . The ch ange
w·
as
not i f ie
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as
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o n ly ancf •.>vas
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th a
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un i
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a te ra
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ch a n g e s
are
n o t
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O n e
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i s to
ch a n g e
the
na tu re
o f
b
a n
k
con t rac ts s o th
a t
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are fa i r
a n d
t r a n sp a r e n t
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and Cou r ts l e t
t h e m
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r la '' • a t =
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I w-rote b
a c
k
to
F O S
as
I a m
fu r ia ted
JVith tha t
p h o n e
y organ iza t ion . I s e n t it to the
Sena te
C o m it tee m e m b e rs a n d ' ot l1er the
se n a t o r s
,
Ma l co l m
T u rn b ul l m y l oca l m e m b e r
o f
p a r l ia me n t a n d
v
ar iou
s j
ourna l i s t s
__ _
____ th is organ iza t ion
k
n o >JVn a s
F O S
i s p ro
v
i ng to
b e a
f ront fo r
the
o r g a n
i s e d
cr
im e occur r in g
in
b
a n k i n g
I
ha
v e
no
pro b
l e m
B R N p o s t i n g
i t_
S u re ly t he po l i ce shou l d lo o k in to t h i s p h o n e y a n d f rau du l en t
organ i
zat ion
in
its a b il i
ty
to condone an d c over
u p
cr ime .
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2
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Foreign briberySubmission 2 - Supplementary Submission
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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10
12
13
14
15
16
17
18
19
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such
as s e t s . Sec t ion
1957 pro
h i b i t s the
mone ta ry t r an s ac t i o n with p r o p e r t y
known
t o be the proceeds o f
un iawfu l a c t i v i t y wi th a va lue g r ea t e r than
10,000,
i.e. t he
proceeds o f
{ i ) a fore ign o f fense involv ing the
misappropr i a t ion ,
t h e f t ,
or
r r i ~ z z l m n t
o f
publ i c
funds
by
o r
f o r the b e n e f i t o f a p u b l i c o f f i c i a l ; i i ) a
fore ign of f ense
involv ing b r i b e r y
o f a publ i c
o f f i c i a l ; i i i ) t r anspo rtati
on of
s t o l en
or f raudulen t ly obta ined money (18 U.S .C. § 2314);
o r
( iv)
rece ip t o f s to l en
money (18
U.S.C. § 2315) . ee 18 U.S.C.
21 § § 1956
(c)
(7) B) iv ) , and 1956
(c)
(7) A)
incorpora t ing
by
22
re fe rence of fenses enLunerated in
18 U.S.C. §
1961 1) ) .
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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A Modest
Proposal:
Prosecute JPMorgan Under RICO
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A Modest Proposal: Prosecute JPMorgan Under RICO
A Modest Proposal: Prosecute
JPMorgar Under RI O
2. December
4
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rcn:
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Re
ad 499 times
President Obama and Attorney General Eric Holder continue to
be conscientious objectors
in
the war against banksters. The
/07/201 5 2:57 AM
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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A Modes t Proposa l: Prosecute JPMorgan Unde r RICO
htt p:// bankvic tim s.eom.au/banksters/ item/ l l 590 a modest proposa ..
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of7
big
bank
bandits who steal
bi
ions fr
om
thei r customers
get
off
scott
free
because they sha
re
thei
rwea
lth
with t
he
people in
ashington
In
a compel ling cail to action ; Helen Davis Chaitman and Lance
Gotthoffer, authors of the riveting book
JP
Madoff:
The
Unholy
Alliance Between America's Biggest Bank and
Am
erica's Biggest
Crook, published on their
webs
ite jgmadoff.com , ask a fascinat ing
question: When big banks commit fraud , why not prosecnte their
officers under RiCO--ihe Racketeering In fluenced Corrupt
Organization \ c t ~ wh1cn provides for
d1s
gmgement of pmfits and
long pr ison sentences for the offe
ders?
Working from the thesis of the late Senator Robert F Kennedy that
citizens get the quality of law enforcement they demand, the authors
make a.
compelling case that nothing wou ld have a greater impact on
~ l e n i n g up Wall Street than prosecuting undeFRiC O t·he senior
officers
of
a financial institution that routinely flouts the law
=
JPMorgan
Chase
The proposal is neither theoretical nor
Quixotic except
to the extent
the current administration seerns
unw
illing to pursue big bank bandits
for anything more than their shareholders' dollars Though enacted to
battle organized crime, the statute includes arnong its predicate
racketeering acts decidedly Wall Street kinds of crime like securities
fraud, wire fraud , mail fraud, br ibery, etc. And at its core, the authors'
proposal hinges on another question so irrefutable in its logic that,
with anyone but the Obama/Holder administratlon . it wo uld seem to
be tautological. When bankers act like g;;mgsters,
why do
n't
we
treat
them like gangsters? aufhors explaiAed in Chapter 4 of thei r
book, the similarities between JP Morgan Chase 's operations and
those of the
Gambino
Crime Family are more striking than the
':lifferences.
And the authors' proposal really isn ;t
ra
dical. Why shouldn't criminal
bankers be put
in
jail? As Chaitman and Gotthoffer point out, 25
years ago the federal
government
prosecuted junk-bond king Michael
Milken and his firm, Drexel Burnham Lambert , under RICO. Milken
made
a deal
wiU1
the
government
and served a reduced prison
sentence in return for giving the
government
evidence on other
criminals at Drexel. Isn't the epidemic of criminality on Wall Street
due
to the fact that the
government
has adopted a hands-off policy?
Chaitrnan and (3otthoffer use the abysma l recent history
of
JP
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Foreign briberySubmission 2 - Supplementary Submission
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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A Mo dest Proposal: Prosecute JPMorga n Under RICO http :// bankvic tim
s.eom.a
u/banksters/ item/ l 1590 a modest proposa
3
of7
Morgan h a s e ~ w h i c h as the ';Wheel
of
Misfortune" on their website
confirms, has paid out $29 billion to various governmental agencies
and customers since 2009 on claims that the Bank acted illegally.
Check out the Wheel of Misfortune and you will see why a RICO
prosecution makes sense. The authors gathered an impressive array
of facts from the public record about JP Morgan Chase's al eged
(and,
in
many instance
s
admitted) violations
of
law and have shown
exactly
how
the pattern
of
illegal activity
faHs
squarely within the
RICO statute. Just this month, the Senate issued a report concerning
its investigation of bank control over the physicial commodities
market
in
which it quoted representatives
of
the Federal Energy
Regulatory Commission that they had ''never before witnessed the
degree
ot
blatant rule manipulation and gaming strategies" that
JPMorgan utiiized in the electricity market. Can anyone think of a
legitimate reason
why
bankers
who
commit crimes should not be
imprisoned for those crimes?
Unlike the present adm inistration that protects the identity
of
banksters, Chaitman and Gotthoffer name names. In fact , they have
served up al the ingredients of a
F ~ I O
prosecution on a silver
platter. he one thing left to be
done
is for the prosecutors to do their
job
. The specific criminal episodes they dissect are fascinating too .
There is. of course. the recent bombshell launched by former JP
Morgan Chase
in
-house lawyer, Alayne Fleischmann. on how
JPMorgan Chase routinely lied about the toxic nature of the
mortgages they were selling and how her complaints about this to
managing directors were ignored; and how, if her statements are
true, at least one of these officers lied to fed eral regulators about it
in
violation,
at
least,
of
18 USC
1001.
There is also the 20+ year relationship
of
the Bank with Bernard
Madoff. which
tt1e
authors have so ably covered
in
prior chapters,
where the poten
ti
al "predicate act" crimes are infinite
in
their
possibiiities. And the authors descr ibe two current criminal
investigations of JPMorgan Chase: one for alleged bribery of high
eve l Chinese government officials ( including the former Prime
Minister)
in
return for getting business
in
China a classic violation
of the Foreign Corrupt Practices Act; and the other, JPMorgan
Chase's admitted involvement
n
a scheme with other major U.S. and
European banks to fix foreign currency exchange rates. There isn't
too much dispute about what happened here. JPMorgan Chase has
already paid regulators penalties
of
over
$350 million and it is still
under investigation by the Department
of
Justice, so this would seem
to be the ideal time for the government to protect the public by putting
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8/17/2019 Jennie Pakula's request: Sub 2.1 Foreign Bribery Inquiry
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