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JPMorgan Chase Whistleblower Alayne Fleischmann Breaks Silence on “Massive Criminal Securities Fraud” & DOJ Whitewashing

In Archive, Dimon, DOJ, Economy, Holder, JPMorgan Chase, USA, Wall Street on November 7, 2014 at 12:55 PM


A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Democracy Now! speaks to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed “massive criminal securities fraud” in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, “The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare.”

Luxembourg Leaks – ICIJ

In Activism, Apple, Archive, Economy, EU, Luxembourg, UK, USA, Verizon, Wall Street on November 6, 2014 at 1:49 PM



The ICIJ‘s Luxembourg Leaks couldn’t be timed any better (see database here). Based on a confidential cache of secret tax agreements approved by Luxembourg authorities, that provide tax-relief for more than 340 companies around the world. As with all good ‘leaks‘ of this nature it provides a wealth of spin off and collaborative articles which would by themselves not come to fruition.

One example is “Why IKEA Australia Profits are mostly tax free” which I personally found fascinating but also a little unsettling as with all these huge mega companies one realizes that its not about the people, its about the cash.

When searching the document the ICIJ have broken it down to small compartments by country and/or by company. This makes searching or following a particular thread simple and eloquent.

For example, lets pick TECH


From this you could pick for exampleApple” (there are many more..)


..and from there you will find a letter of 2011 iTunes Corporate Income Tax 2011 from Pricewaterhouse Coopers  (pic is page 4 Remarks)


There is much to the Luxembourg Leaks and no doubt JC Juncker will certainly be feeling less confrontational to his Eu counterparts as this will no doubt see the soft underbelly of the mega rich get a firm poke.


Venezuelan Student Protest – US Provocation

In Chile, CIA, DEA, FBI, INTERPOL, Issues, News, NWO, Other Leaks, PSYOP, twitter, UK, UN, USA, USA, Venezuela, Wall Street, World Revolution on February 14, 2014 at 9:41 AM

via digitalfolklore

Defiant students again hit the streets of the Venezuelan capital to protest against the leftist government, in the biggest challenge to President Nicolas Maduro since he took over from the late Hugo Chavez last year.

A pro-government demonstrator and two student opposition protesters died in the unrest, which led to a security crackdown.

The president and his aides blamed the government’s political foes with launching a carefully coordinated plan, financed by the U.S., to trigger violence and destabilize the country.

UPDATE 17 Feb 2014

Three American diplomats have been expelled for conspiring with the opposition forces to provoke unrest as violent protests ran into a fifth straight night.



2013 SEC Report on Dodd-Frank Whistleblower Program: 3,238 Tips in 2013, Rise of 8% from Last Year

In Archive, Economy, SEC, Wall Street on November 18, 2013 at 9:09 PM




The Securities and Exchange Commission’s whistleblower program saw an uptick in tips in its second full year up and running, according to an annual report to Congress.

The agency received 3,238 tips in the 2013 fiscal year, which ended Sept. 30, up about 8% from 3,001 tips the year prior. The program launched near the end of fiscal 2011 after it was established by the 2010 Dodd-Frank financial reform act.

“The whistleblower program is beginning to hit its stride,” said Jordan Thomas, partner and chair of the whistleblower representation practice at Labaton Sucharow LLP.

Whistleblower office chief Sean McKessy spelled out important policy points in the report, saying his office is looking to enforce anti-retaliation protections and would not disclose whistleblower identities.

The program gives monetary awards to people who provide the commission with information that leads to an enforcement action, given the individual’s information and enforcement action meet certain criteria.

The agency gave out two awards in fiscal 2013: one award that was split among three whistleblowers and a record payout of more than $14 million. The SEC has signaled more large payouts are in the pipeline.

Once again, the category with the most tips (557) was corporate disclosures and financials, followed by offering fraud (553). Nearly 150 tips were Foreign Corrupt Practices Act related, up from 115 the year prior. But as was the case in 2012, a plurality of tips (764) was listed as “other.” 84 were blank. The other categories were manipulation, insider trading, trading and pricing, unregistered offerings, market event, and municipal securities and public pension.

Tips came in from all 50 states and from 55 foreign countries. The highest number of U.S. tips came from California, New York and Florida, respectively. The most foreign tips originated in the U.K.

The Wall Street Code (Documentary/2013)

In Archive, Economy, Wall Street on November 17, 2013 at 7:35 PM



The Wall Street Code: A thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer.

From the makers of the much-praised Quants: The Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?


Related Links:

The Secret World of Algos: A High-Frequency Developer’s Story

Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market

The Problem of HFT: Collected Writings on High Frequency Trading & Stock Market Structure Reform

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