#broker-dealer defense lawyer/attorney | Explore Tumblr posts and blogs

ailtrahq · 1 year ago

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The Trial’s Opening Week Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX, is currently facing a criminal trial that began on October 3. Gary Wang, the co-founder of FTX and the prosecution’s key witness, testified for approximately six hours. He stated under oath that SBF directed activities that deceived investors and misappropriated customer funds. SBF, who has pleaded not guilty to seven counts of fraud and conspiracy, argues that he was merely overwhelmed by the fast-paced crypto environment. His defense team, led by attorney Mark Cohen, has yet to present their case. Alameda Research’s Role According to a report by CNN, two former FTX employees have testified, shedding light on the intricate financial relationship between FTX and its sister company, Alameda Research. Both companies were founded by SBF and were financially interlinked in a way that was not disclosed to FTX customers. Alameda had access to FTX’s bank account and was even allowed a $65 billion line of credit from FTX, a privilege not extended to any other customer. The defense argues that these arrangements were necessary for Alameda’s role as a “market-maker” on FTX. Stark’s Detailed Critique John Reed Stark, a former SEC enforcement lawyer, has been vocal in his criticism of SBF’s defense, particularly the claim that Alameda Research functioned as a market-maker for FTX. Stark vehemently disagrees with this characterization, stating that calling Alameda Research a “market-maker” is as absurd as calling a dishonest airport baggage handler an airline pilot. He asserts that Alameda Research was, in reality, a custom-designed conduit for money laundering orchestrated by SBF. Stark also delves into the technicalities of what constitutes a legitimate market-maker. According to him, genuine market-makers are broker-dealers who are registered with the Financial Regulatory Authority (FINRA) and are under the regulatory purview of both the SEC and FINRA. Stark emphasizes that Alameda Research does not meet these criteria, making its self-proclamation as a market-maker misleading and illegitimate. The State of the Crypto Market Stark goes on to describe the current crypto market as a chaotic, lawless environment, comparing it to a post-apocalyptic anarchy. He criticizes the crypto industry for misusing established financial terms like “market-makers,” “exchanges,” and “brokers” to give the false impression of regulatory oversight and legitimacy. Stark warns that this is a form of “regulatory misappropriation,” a deceptive practice that has been a longstanding concern for the SEC. SBF’s “Alameda was a market-maker” defense is absurd. Calling Alameda a “market-maker” is like calling a crooked airport baggage handler an airline pilot. Alameda was SBF’s personal, custom designed money laundering conduit. Period. End of story.In case you have not heard,… pic.twitter.com/Hvq9EKSNCI— John Reed Stark (@JohnReedStark) October 9, 2023 Upcoming Testimonies The prosecution is expected to call Caroline Ellison, Alameda’s former CEO and SBF’s on-and-off girlfriend, as their star witness. Ellison, who has also pleaded guilty to several fraud charges, is expected to provide insights into Alameda’s financial dealings with FTX.

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bensecenforcementattorney-blog · 5 years ago

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Bradley J. Bondi SEC Washington DC Lawyer

Bradley J. Bondi is actually a nationally identified litigation companion and board advisor in Cahill’s litigation Office along with the Chair of your firm’s White Collar and Governing administration Investigations Follow Team. Securities Docket describes Brad as “the initial alternative among Boards of Directors and Audit Committees of your Fortune five hundred when their firm is faced with SEC or DOJ problems.” Brad has twenty years of practical experience representing and counseling firms, economic establishments, boards of administrators, audit committees, and senior executives in the wide number of investigations and complicated business enterprise SEC Enforcement lawyer litigation, using an emphasis on securities and economical restrictions and corporate governance matters. He Earlier held senior positions in federal government, together with with the Securities and Trade Fee. The Lawful five hundred characterizes Brad as “tenacious, professional and remarkably effective” in addition to with “in-depth expertise in the SEC and how to cope with it.”

Named by Benchmark Litigation as both a National and Local “Litigation Star,” and designated since 2015 by Super Legal professionals as a “Tremendous Lawyer” for securities litigation and white-collar criminal defense, Brad leads the illustration of sizeable lawful matters such as main litigation in trial and appellate courts (securities litigation, derivative litigation, and complex organization litigation), SEC, FINRA and PCAOB enforcement matters, criminal inquiries (like FCPA, DOJ and USAO issues), and a variety of investigations (including unbiased investigations overseen by audit committees and Exclusive committees). Brad has been shown over the Securities Docket “Enforcement forty” given that its inception, a summary of the forty most effective securities enforcement defense legal professionals while in the country. Because 2015 he has become included in the top Lawyers publication for Economical Services Regulation Legislation. Brad along with the Cahill group also surface within the authorised counsel lists for the key insurers for litigation and authorities investigations.

Brad consistently serves being a senior advisor to boards of directors, audit committees, Particular committees, unbiased directors, and senior executives for the duration of corporate crises, considerable transactions, and governance difficulties. He has guided boards and board committees through the most amazing corporate situations, such as independent investigations, protection of by-product lawsuits towards directors and officers, course steps, accounting irregularities and Restatements, auditor disputes, hostile takeover tries and activist shareholders, mergers and acquisitions disputes, cyber intrusions and facts breaches, and investigations of alleged misconduct by executives. For his knowledge counseling boards of directors, Brad was listed in the Countrywide Affiliation of Corporate Administrators’ Directorship a hundred list of "Persons to look at" during the board space.

Brad advises consumers in reference to regulatory enforcement steps, personal lawsuits, governmental and congressional investigations arising from suspected violations of securities laws, accounting irregularities, auditor disputes, inner controls, market manipulation, revenue recognition difficulties, tax-linked matters, insider trading, the International Corrupt Tactics Act (FCPA) and also other commercial bribery legislation compliance, matters involving LIBOR and also other reference premiums, compliance Along with the Sarbanes-Oxley and Dodd-Frank Functions, potential antitrust considerations, and cybersecurity. Brad also oversees complicated civil and felony litigation, for instance securities litigation, corporate Regulate litigation, commercial litigation, contractual disputes, arbitrations, and criminal proceedings. He has litigated major legal disputes in numerous point out and federal courts, which includes serving as counsel of report for effective briefs ahead of the Supreme Courtroom of The usa: for an investment decision financial institution in Credit score Suisse Initially Boston Ltd. v. Billing (interpreting securities rules as implicitly precluding the appliance of antitrust rules within the IPO approach) and for an amicus curiae in Yates v. Usa (construing Sarbanes-Oxley’s felony provision for doc destruction, 18 U.S.C. § 1519). He also served as counsel of file for an amicus curiae transient ahead of the Supreme Court of the United States in Salman v. United states of america (regarding the own reward factor of insider buying and selling legislation) and advised on other cases.

For economical institutions, he often advises banking institutions, broker-dealers, investment advisers, mutual funds, and hedge money and their respective boards on troubles regarding compliance with securities legislation, legal laws, SEC and FINRA procedures, and governance specifications.

Brad defends purchasers in enforcement steps, prosecutions, and investigations initiated by federal and point out organizations and departments, such as the Securities and Exchange Fee (SEC), Division of Justice (DOJ), United States Attorneys and grand juries, Point out Lawyers Typical, Federal Deposit Coverage Fee (FDIC), Office in the Controller from the Forex (OCC), Financial Industry Regulatory Authority (FINRA), Federal Reserve, Office of Foreign Belongings Manage (OFAC), Public Organization Accounting Oversight Board (PCAOB), Consumer Fiscal Safety Bureau (CFPB), and Federal Trade Fee (FTC). Once in a while, Brad has served as an expert witness concerning challenges concerning securities regulation and insider trading law.

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ericvick · 4 years ago

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Lawsuits against Robinhood in the GameStop saga are getting their day in court — but there’s one big snag

When Robinhood suddenly set buying restrictions at the height of the GameStop trading frenzy in the early months of 2021, users reacted with fury.

Now, the legal journey begins in earnest on Monday for those angry investors.

April19 is the initial court date following a judicial panel’s decision to bunch together nearly 40 lawsuits — and possibly more — in front of one Miami federal judge who will handle the “multi-district litigation.”

But there is one big snag: If these plaintiffs think investment decisions are complicated and don’t like sluggish responses to their decisions, well, experts say, they ain’t seen nothin’ yet.

“ ‘The complexity of the issues alone suggest we are looking at years.’ ”

— Sergio Campos, a professor at the University of Miami School of Law who teaches civil procedure and complex litigation

“Even though all of this is designed to expedite proceedings, this still takes forever. These cases drag on for years,” said Sergio Campos, a professor at the University of Miami School of Law who teaches civil procedure and complex litigation. “The complexity of the issues alone suggest we are looking at years.”

The January and February trading spree — fueled, at least in part, by members of Reddit’s WallStreetBets forum — gave a massive price boost to heavily-shorted stocks like GameStop GME, -1.12% and AMC Entertainment AMC, -5.76%.

“ As GameStop volatility intensified, trading platforms like Robinhood applied temporary trading restrictions. ”

But as volatility intensified, trading platforms like Robinhood, the brokerage app popular with young investors, applied temporary trading restrictions.

Vladimir Tenev, Robinhood’s co-CEO, would later tell lawmakers his company had to take that step to raise capital from its own investors as it met its collateral requirements on the tower of trades.

“Despite the unprecedented market conditions in January, at the end of the day, what happened is unacceptable to us,” Tenev said during a February hearing before the House of Representative’s Financial Services Committee. “To our customers, I’m sorry and I apologize.”

Other brokerage platforms, including TD Ameritrade and Webull, also temporarily applied certain restrictions. Spokespeople for Robinhood, TD Ameritrade and Webull declined to comment on the litigation.

Tenev’s apologies did not mollify some aggrieved investors, and class-action cases have cropped up from California to Connecticut, Texas to Florida.

“ The lawsuits revolve around the allegation that the brokerage platforms broke their promise to allow users trade as they saw fit. ”

The lawsuits have their differences but they all revolve around the allegation that the brokerage platforms broke their promise with users to let them trade as they saw fit, according to court papers.

Some also allege Robinhood limited trading to help institutional investors — an allegation Robinhood’s lawyers called “unfounded (and implausible)” in a filing.

This is where a procedural, but significant step comes in.

The defendant companies, from Robinhood down the line, supported the idea of centralizing the proceedings in one courthouse. (Most of the cases only name Robinhood as a defendant, but court papers say other cases rope in more than 40 brokers, funds and clearinghouses.) Most of the plaintiffs backed the idea as well.

On April 1, a three-judge panel agreed with the approach.

“Given the number of parties and counsel, centralization is the only practicable means of coordinating the pretrial proceedings in this litigation,” the three judges wrote in a case docket entitled “In Re: January 2021 Short Squeeze Trading Litigation.”

“ ‘Given the number of parties and counsel, centralization is the only practicable means of coordinating the pretrial proceedings in this litigation.’ ”

— Three judges writing in a case docket

The panel counted 39 pending cases in 14 different jurisdictions. The parties alerted the court to another 15 related cases ahead of its decision.

The panel handed the basket of cases to District Court Judge Cecilia Altonaga, sitting in the Southern District of Florida. Ten of the actions are pending in Florida and four were filed in Altonaga’s courthouse.

Altonaga is an “able jurist with multidistrict litigation experience,” the panel wrote. Past cases from the judge, nominated during the George W. Bush administration, include a multidistrict case related to denture cream.

The panel wrote it was “confident that Judge Altonaga will steer this litigation on an efficient and prudent course.”

So, where to next? The sequence of events matter for Robinhood as it prepares for an IPO and spars with Massachusetts regulators who say it put its own interests ahead of customers. It also matters for rookie retail investors who are learning the market, and say Robinhood’s restrictions wrongly put them at a disadvantage.

‘She has the power to do everything, soup to nuts’

The multi-district litigation may be new for young investors, but it’s not novel for the federal court system, which applies the approach when widespread events spur lawsuits. That includes occurrences like faulty consumer products, dangerous medication or data breaches.

The courts had 187 multidistrict litigation cases on its docket as of mid-April, statistics show.

From here on, Altonaga has the ability to decide important topics like evidence disputes and class certification, said Victoria Sahani, a professor and associate dean at Arizona State University’s Sandra Day O’Connor College of Law.

The judge can also rule on defense motions to toss the case ahead of trial, Sahani said.

“ Once all pre-trial matters are determined, the parties can opt to stick with Altonaga for the trial. ”

“She has the power to do everything, soup to nuts,” Sahani said.

Once all pre-trial matters are determined, the parties can opt to stick with Altonaga for the trial. Or the case can go back to the original court where it was filed — that is, if the case even gets to a trial. Few civil cases get to that point, either because of settlement or dismissal, Sahani noted.

Cases might also end up in an arbitrator’s office rather than a courtroom. Though some consumer advocates have said arbitration is tilted towards employers and corporations, businesses say the process is fair. Robinhood has an arbitration clause, which is common in the brokerage industry. Class-action lawsuits, however, can be a way around the clause.

But Sahani says the clause does not automatically apply in a courtroom. “The only way arbitration gets triggered is if one of the parties raises their hand,” she said. Altonaga would rule on whether to grant those motions to compel arbitration, Sahani said.

A bill introduced last week, the Investor Choice Act, would prevent broker-dealers and investment advisers from using mandatory arbitration.

When cases get grouped together for the sake of efficiency, so does the legal representation. As a result, steering committees of lead plaintiffs’ lawyers get formed in the multi-district litigation process.

Yet if a plaintiff signs up with one attorney, how can they know the lead attorneys will represent them with the same interest?

“ ‘If a plaintiff signs up with one attorney, how can they know the lead attorneys will represent them with the same interest? ”

“That has become quite a contentious issue,” said Campos. For the plaintiffs involved, “it can be a little bewildering.”

The concern about representation is a fair point, says Matthew Wilson, principal at Meyer Wilson in Columbus, Ohio, where he represents investors and consumers in class-action cases.

However, all class action lawyers have a duty to advocate as best they can for whoever comes into their case, he said. Members of a class also keep the right to refuse going along with any proposed settlement, Wilson noted.

Wilson represents investors in a different case against Robinhood stemming from 2020 service outages on the platform. The litigation is pending in the Northern District of California.

He said if he had it his way, there wouldn’t be things like mandatory arbitration. A customer should be able to decide whether to go with arbitration or court cases after a dispute surfaces, he said.

“We don’t live in that world yet. Failing that, this is what you get,” he said.

#Big #Court #day #GameStop #Lawsuits #Robinhood #saga #snag

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thebusinessinsurance · 5 years ago

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Business Insurance Agency in USA: Business Acumen with Insurance Expertise Reinvented

“Decoding You Small Business Insurance”

Did you ever give any thought to the potential risk that your business might be facing?

If you’re like most other small business owners, you probably don’t. sure, every now and then a “ what if ?” thought pops up into your head. But dealing with clients inquires, lead generation and a mountain of other issues often mean that priorities are directed by the degree of urgency.

And that’s the funny thing about business insurance-it’s rarely an urgent matter. Until, of course, it’s too late. Insurance is not an exciting topic. But unfortunately, it’s a topic that needs to be addressed because the future of your business and financial well-being might depend on it.

Many small business owners give up on business insurance, as the process can be confusing. Depending on the size of the client, place, and sector, every business will need a slightly different package of insurance, with overwhelming selection. This guide breaks down the various types of business insurance agencies in USA and the procurement process.

Where Does Your Business Need The Most Help?

Need financial help for small business

Want to start a new business

Need help growing your business

Looking for some small business advice

Why Should You Purchase Business Insurance In the USA?

You don't have to tell us that starting a company involves a great deal of risk. Before their second year, almost one-third of companies fail. This could be because of a number of reasons, such as a poor economic climate, a bigger competition, or difficulties in obtaining financial support for businesses.

Business insurance will not curb the market risks of owning a company, but it will protect your business (in certain cases your employees) from property damage or legal reimbursements. Small businesses face litigation in a given year between 36 percent and 53 percent. Most small business owners don't have the financial resources themselves to deal with such problems, so the cost of not having insurance is often a lot higher than the cost of purchasing coverage.

Certain insurance types are subject to law. Most countries, for example, require companies with employees to buy employee compensation and unemployment insurance. Disability insurance is also required in some countries.

In fact, if you raise funds from creditors or accept a company loan, you may be required to buy insurance coverage. The industry also has different requirements. For example, a car dealer would likely have to buy commercial automobile insurance. And an organization managing sensitive data online must buy a policy for cyber accountability.

Various types of business insurance

1. Workers compensation insurance

In case workers are hurt in their jobs, States require most employers to carry compensation insurance. This is a requirement you definitely don't want to take easily. If the required amount of coverage is not purchased, fines may result and seldom criminal penalties may be imposed.

If an employee is injured at work, employers must pay their medical expenses and accept a portion of their wages while they are recovering. For example, compensation employees cover the back pain of an employee arising from poor ergonomic desk arrangement. If an employee sues your company for damages related to work, employee compensation coverage usually covers defense costs.

A state-run insurance fund that offers comp insurance at controlled rates is provided by many states. Larger companies may even have the option to take care of themselves. You can find out more by contacting the insurance department or the compensation board of your state.

2. Unemployment Insurance

Another type of insurance coverage required by the government is unemployment insurance. In case of loss or termination of work, this insurance covers your employees. The insurance against joblessness is not something you buy from an insurance carrier, as is the case with workers or general property insurance.

Actually, employers are paid Federal Unemployment Taxes (FUTA) and State Unemployment Taxes (SUTA) together with other payroll taxes. The government runs the employers ' and workers ' system. Your tax burden will depend on whether you have a new or an existing company, your number of employees, and the turnover. While a person is not working, he or she may apply for unemployment benefits.

Employers can make payments for FUTA and SUTA themselves, but it is often easier to let the calculation be carried out by their HR software or payroll services. Don't forget to contact the employment agency in your state when you hire your first employee and sign up for an employer account.

3. Disability Insurance

Disability insurance guarantees employees a percentage of their income if they can't work because of a disease or injury. In contrast to compensation for workers, the disease or injury is not related to work. For example, after giving birth, a pregnant employee can receive disability benefits.

4. General Liability Insurance

Businesses don't have to buy general liability insurance legally, but the argument for that is very compelling. General liability insurance protects your company if a third party – like a customer, seller or customer – is injured in the property, products or services of your company.

The following are specific types of losses that are covered:

A physical injury on business property

Damage to another person or business while conducting the operation

Marketing wounds (libel, defamation, misappropriation, etc.)

This is invaluable protection, particularly when you are in an industry where there are more likely to be accidents. Examples, landscaping business, manufacturing companies, and construction companies.

5. Commercial Property Insurance

The insurance of commercial property protects the stock, facilities, office space and other properties of your business against loss or damage. For many types of companies, especially those with a brick and mortar location, commercial property insurances are a must-have.

This includes small business theft incidents, fires, vandalism and weather damage. Some regulations on commercial property will include flood damage and incident risk, such as an explosion tank. Not all-natural catastrophes, such as earthquakes and tornadoes, are recorded. You may need to add additional coverage depending on the location of your business and the specific likelihood of various types of disasters in your company.

6. Professional Liability Insurance

Professional liability insurance is something people usually include doctors, attorneys, and other professional service providers, often known as mistake insurance and malpractice Coverage (MIU). For example, if a doctor makes a mistake during a procedure, the expenses of the ensuing litigation are protected by the insurance policy.

7. Product Liability Insurance

Every small business owner selling a tangible product should consider purchasing insurance for product liability. As individual protection or as an add-on to the general liability plan you will be able to purchase product liability insurance.

One of the best reasons to buy coverage is that it covers the entire life cycle of the product. When, for example, the supplier produces the item defectively, and your packager packs the product defectively, a consumer can still sue you because your logo is on the label. If you have product liability coverage, you will be covered.

8. Employment Practices Liability Insurance

EPLI (employment practices liability insurance) covers your business against a variety of discrimination on the part of employees in respect of employment or illegal termination claims.

9. Key Person Insurance

Key person insurance is designed to ensure the survival of its owner by a company. If an owner or another major manager in the company dies or gets disabled, there may be an extremely high cost to the company. During the transition, the business is losing revenue and customers brought in by the key individual.

So to stem these losses, business owners should purchase key person insurance. With key person insurance, the business will receive a payout that will help the business stay on its feet after the owner or the key person passes away.

How To Purchase Business Insurance?

Each insurance form listed above does not have to be purchased by the majority of small businesses. Ideally, you should sit down to find out which type of insurance you really need, with a broker or business lawyer. Clearly, it does not make sense to buy the protection if the odds of a particular event are so small or do not matter to you.

Follow these steps below while purchasing business insurance:

Create a Plan

Talk to other business owners and find the land where it is appropriate and customary to cover your business. Take an informal "audit" of your company for your property, your location disasters, and your workforce's characteristics.

Hire a professional

The next move is to hire a professional to help you get budget estimates and cover the amount you want. Check-in with a skilled employer organization (PEO) if you externalize some of your jobs. Some PEOs already offer your company business insurance.

Compare quote

When your professional business insurance agent has quoted you, ask and check the specifics, including the monthly fee and coverage limits. Most insurance has a premium you have to pay before the insurer begins ensuring the damages. Generally speaking, the higher the bonus, the lower the monthly premium.

Stay current

You need to keep them up to date when you purchase your insurance policy. But you also should be aware of insurance any time you take an important business decision the professional will support you. It is time, for instance, to extend your product liability protection when you launch a new product line.

Wrapping it up

By combining multiple insurance types in one business policy as a business owner you may be able to save money. An existing homeowner's business insurance plan may be added to a basic insurance package.

Keep in mind that most corporate policies have an expiry date of one year. At the end of this period, you can either renew or you can switch to a reliable business insurance company in the USA if you prefer. Most businesses enable you to upgrade coverage and pay any mid-year premium difference. Just make sure that you don't miss the coverage of your insurance. 100 percent of the time, your company should be protected.

#Business Insurance Agency in USA #Business Insurance #Workers Compensation Insurance #Business Auto Insurance in USA #Commercial Auto Insurance

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ecotone99 · 5 years ago

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[MS] Off the Radar

I would be the last person that you would ever think would be involved with getting even. I'm not by nature a vindictive or vicious person. One thing I never do is talk about or brag about things that I've done. I've never physically harmed or killed anyone (as angry as I have been about injustices in the court system) as I do have morals. Unless it's self-defense, physically harming or killing someone is wrong.

I remember the first time I did something. A good friend of mine was thrown out the window of 3 story balcony by an angry boyfriend during an argument. She was 18 years old. My friend didn't die, She was in a coma for several days and it wasn't known if she would survive. She did survive but she was never the same. She has difficulty reading and writing and finds it difficult to do basic tasks. She was going to become a doctor but this creep took that away from her. She was very smart but because of the head injuries is more like a 5 or 6 year old.

The courts only gave this creep probation. The attorney of this creep Jeff Wilson had some very high end sports car that he kept parked on his property. He had a blue Lamborghini which is worth a lot of money. What I did was I went out in the wee hours of the morning and with a knife flatten the tires on this vehicle and then the others. I then took a key and keyed the Lamborghini. I then poured gasoline on the Lamborghini and the other vehicles and set them on fire. I then ran. One of the cars exploded and then the building of the law firm was on fire.

I knew the attorney had cameras but I was dressed in black with a black hoodie. I had a wig on and had disguised myself so that I wouldn't be recognized. As I escaped, I could see the flames. Of course the fire and destruction of his vehicles were headline news. I waited nearly a year after the trial to do this. The attorney blamed an ex-girlfriend who threatened to set his cars on fire. He didn't know this but I was stalking him and was hiding nearby when I heard the ex threatened to burn his cars.

I got even with the fraternity who harmed a pledge in a terrible hazing incident. During spring break I took a large fire hose, broke a window in the back which couldn't be seen by the road and turned the water on. I also turned on water in the sinks and in the showers. It was several hours before it was noticed and it was a mess. Flooding all over the place. The house couldn't be lived in for months.

Again wealthy family, no criminal prosecution or charges filed.

The fraternity wanted to point the finger at the father of a pledge who was beaten and nearly died as the result of the beating but the dad was hundreds of miles away. The lawyer of the fraternity suggested that he got someone else or hired someone to do this. I must admit in this case, I took advantage of the situation as no one would ever suspect me. The pledge who was beaten up was someone I secretly admired. I decided that the fraternity was going to pay for what they did to him. Having to pay to rebuild their house meant that they wouldn't be hurting pledges or anyone else in a house for a while, at least.

I went after a broker who ripped off my elderly aunt. I stole one his computers hacked into his computer system and made a mess of it. I didn't take any of the money as they could be traced. Did this on Christmas Eve after spending the day with my aunt. When nightfall came, I threw the computer in the ocean and sharks attacked the computer.

The next morning I found the computer in bits and pieces, picked up what I could, dumped it in the trash and left. No one was out as it was cold that day.

This broker had shady business deal with a Russian Business Tycoon who threatened to sue him over a bad business deal. Again I took advantage of the system. The Russian Tycoon was blamed and of course he denied it. No one could prove or disprove that he did it.

This was the last thing that I did. I decided to stop as I didn't want to get caught as I know that I would be punished.

I'm actually a news anchor in Florida in a major market. All of these things happened in Florida within a 150 mile radius. I interviewed Detective Barry Matthews who had worked on the car fires.

"In the case of the Lamborghini fires and the fire that damaged Attorney Jeff Wilson's office we have yet to find the culprit. We have several suspects as you can imagine, the attorney made some enemies with the people he defended in court. He also was threatened over the years by various people."

"What about video surveillance? " I asked.

"Well, the fire destroyed it. This is one case that I would like to solve but we have no clear suspects. Many we have ruled out but there are a few that we haven't. If anyone has any information.......

"Thank you, Detective Matthews."

A co-worker Debra Short who was is several years younger than me was attending the college where the fraternity was vandalized. She interviewed of the Detectives on that case. Detective Wendy Busch acknowledged that the fraternity had a bad reputation of treating women and pledges badly. The father of the beaten pledge as well as the pledge were ruled out as suspects in the water damage. I was glad about that as I didn't want them to go to jail. The fraternity had to pay the pledge 3 million dollars in damages from the beating that left him with chronic pain. It was also closed down for good after that.

I listened to an interview with the Russian Business Tycoon who denied hacking to the broker's computer. "Well, why doesn't the police look at his investors? They had reason for revenge. I got my money back." The reporter said that police had looked into this but the investors were all elderly widows who didn't know much about computer? "Well, maybe an nephew, grandchild or someone in the family who was familiar with computers did this. After they did this, they threw the computer into the ocean. The computer most likely was attacked by a shark. They found some pieces of it." said the Tycoon in a serious manner.

The Tycoon said that politics was behind him being investigation. The reporter reminded the tycoon that he had been cleared but he believed that people still thought he did it and he feared for his life and safety. I was sitting in Detective Matthews apartment. He believed like many that the Tycoon hired someone to mess up the broker's computer for revenge."

I laughed when I heard.this. If he knew I did it, well he didn't. I covered my tracks by taking one of the broker's computers, hacking the system on Christmas day and then destroying the computer.

The funny thing about this was none of these cases were tied together. They were seen as different cases and no one suspected that one person was responsible for the fire, the water damage and the hacking of a computer.

All different cases but they were connected to me. My dear friend whose lifetime dream of becoming a doctor was ended by a jealous boyfriend. Perhaps you wonder why I didn't go after the boyfriend. Well, let's just say that what comes around, goes around. His drug dealer beat him and then threw him off a 5 story balcony due to no-payment. He owned this guy money. The drug dealer was sentenced to life in prison and shortly after he came to prison died under mysterious circumstances. No doubt the family of this man had a hand in this. Wealthy powerful people.

The pledge I never spoke a word to but saw him every day for about a year before he was beaten. He was so cute and attractive. I cried when I heard what happened to him. The pledge suffered PTSD and couldn't work. I'm glad the fraternity was forced to pay him 3 million dollars.

Despite my pleas, my aunt refused to go to the police after the broker ripped her off. She was ripped off $5,000. Not a large amount as my aunt had a lot of money but still she should have reported him.

The broker was fined $20,000 and that was it.

I told no one what I had done. Detective Matthews and I had become good friends. We are keeping our relationship secret. We spent a weekend in Key West. Far away from our home in Pensacola. We went down in separate cars. Had a nice weekend then went our separate paths. Don't know where the relationship will go. He has no idea that I have committed criminal offenses. I've fooled everyone.

Update: Several months later, Detective Matthews and I went our separate paths. No one knew and we didn't talk or brag. I was not on anyone's radar for these crimes. That's how I got away with it.

submitted by /u/baronesslucy [link] [comments] via Blogger https://ift.tt/2SPeqG4

#Blogger #Story

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melissawalker01 · 5 years ago

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Terms To Know If You’re Going Public

Below are definitions of business terms commonly associated with going public.

Agent. A person who buys or sells stocks for the account and risk of another person. An agent undertakes no financial risk and receives a commission for his/her services.

American Stock Exchange (AMEX). An open auction market where buyers and sellers of securities trade in a centralized marketplace. The AMEX typically lists small to medium cap stocks of smaller or younger companies. Articles of Incorporation. A document filed with the secretary of state of a state which sets forth certain required information about the corporation.

Balance Sheet. A listing of a company’s assets, liabilities and net worth as of a fixed point in time.

Blue Sky Laws. A popular name for various state laws the purpose of which is to protect the public against securities fraud.

Board of Directors. A group of individuals, elected by the shareholders of a company, who oversee the management of the company.

Broker. An agent who acts as an intermediary between a buyer and a seller of securities. A broker receives compensation in the form of commissions.

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Business plan. A written document that describes a business, its objectives, strategies, market ,and financial forecast.

Capital. Monies invested in a business enterprise.

Capitalization. The total amount of various securities issued by a corporation.

Cash flow statement. A charting of sources and uses of cash of a business. Certificate of Incorporation. A certificate issued by the secretary of state of a state indicating that a corporation’s articles of incorporation have been accepted for filing and that the corporation is incorporated. Corporation. An organization formed under state law for the purpose of carrying on a business enterprise in such a manner as to make the enterprise distinct from its owners.

Dealer. An individual or firm who buys and sells securities as a principal rather than as an agent. The dealer’s profit or loss is measured by the difference between the price paid and the price received for a security.

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Debt financing. The use of borrowed money to finance a business.

Due diligence investigation. An examination by a company’s investment bank and accountants of the company’s management, operations, financial condition, competitive position, performance, and business objectives and plan, as well as information regarding the company’s labor force, suppliers, customers, and industry.

Equity. Stock ownership in a corporation.

Equity financing. The securing of a monetary investment from an investor in which the investor becomes a part owner of the business.

Fiscal year. The year-end established by a business for accounting, planning, and tax purposes.

Financial reports. Reports that show the financial status of a company at a given time.

Financial statement. A presentation of financial information derived from the accounting records. Financial statements include a Balance Sheet, Income Statement (or Profit and Loss Statement), and Cash Flow Statement. Float. The number of shares of stock actively traded over a specified period of time.

Going public. The process of a private company selling its stock to the public to raise capital.

Income statement. An accounting method for determining the profit or loss of a business on a periodic basis.

Initial Public Offering (IPO). The initial sale by a company of shares of its stock to the public in the financial market.

Investment bank. Also known as an underwriter, an investment bank acts as an intermediary between corporations issuing new securities and the public. Normally an investment bank buys a new issue of securities for a negotiated price. The investment bank then forms a syndicate and resells the securities to its customers and to the public Issuer. A corporation that issues shares of stock to be sold to the public. Market maker. A broker/dealer who is registered to trade in a particular security on the NASDAQ.

National Association of Security Dealers, Inc. (NASD). A self-regulating industry association of broker/dealers in the over-the-counter securities business. The NASD administers the NASDAQ.

National Association of Security Dealers Automated Quotation System (NASDAQ). A global intranet which provides brokers and dealers with price quotations on securities traded over-the-counter.

New York Stock Exchange (NYSE). A trading floor marketplace where public buy and sell orders meet, resulting in competitive price discovery at the point of sale. The NYSE is linked to other markets through the Intermarket Trading System (ITS).

Offering statement. See “Prospectus.”

Over-the-Counter (OTC) Market. A residual securities market. All transactions that do not take place on a stock exchange are said to be executed in the OTC Market.

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Prospectus. A written document prepared for presentation to investors as both a selling document and as a legal disclosure document. The prospectus contains a description of the business, management, management compensation, intracompany transactions, names and shareholdings of principal shareholders, audited financial statements, a discussion of operations and financial condition, use of proceeds, dilution, and the company’s dividend policy, as well as a description of the company’s capitalization and underwriting arrangements.

Public offering. The sale by a company of shares of its stock to the public in the financial market.

Registration statement. A document filed with the SEC which discloses pertinent information relating to a company’s operations, securities, management, and the purpose of the offering. Before a security may be sold on a national stock exchange, it must be registered.

Stock exchange. An organized marketplace where securities are bought and sold.

Subchapter S Corporation. A corporation that has elected under Subchapter S of the Internal Revenue Code not to pay any corporate taxes on its earnings, and instead to have its shareholders pay taxes on it.

Securities and Exchange Commission (SEC). The federal governmental agency that maintains order of the stock and securities exchanges.

Syndicate. A group of investment banks that collectively underwrites and distributes a new issue of securities to their customers and to the public. Underwriter. See “Investment Bank.”

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aretia · 5 years ago