SEC Sues New Jersey for Pension Fraud.
August 21, 2010 at 9:00 P.M. I have been running a complete scan of my computer since 5:00 P.M. "Defragmenting" seems to be taking several hours. I wonder what could be wrong? Intrusion attempts from New Jersey source computers continue on a daily basis -- including municipal computers, apparently. Perhaps Senator Menendez can explain why this is happening? OAE?
August 20, 2010 at 9:46 P.M. The updating feature of my security system was blocked earlier today. I just restarted my computer and discovered new warnings about obstructions of my security system. I will continue trying to run security scans. I cannot say how many writings have been vandalized today. Numerous intrusion attempts against my computer seem to emanate from Trenton, New Jersey. Who knew?
Kora Scannell, "SEC Sues New Jersey as States' Finances Stir Fear," in The Wall Street Journal, August 19, 2010, at p. A1. (N.J. engaged in pension fraud for years with the assistance of "elite" lawyers.)
Mary Williams Walsh, "Pension Fraud by New Jersey Cited by the S.E.C.," in The New York Times, August 19, 2010, at p. A1. (America's "Italian problem" resurfaces, to quote The Wall Street Journal.)
Joseph Ax & Deena Yellin, "Grisly Discovery: Teanek Fire Was Cover for Homicide Cops Say," in The Record, August 19, 2010, at p. A-1. (Political activist and government monitor or citizen watchdog, JOAN DAVIS, may have been murdered for political reasons or as part of a cover-up. "Is Senator Menendez a Suspect in Mafia-Political Murder in New Jersey?")
Michael Gartland, "Businesses, Towns Fear Job Losses in Proposal to Dissolve Teterboro," in The Record, August 19, 2010, at p. A-1. (Take the canolis.)
State House Bureau, "N.J. Refunds $2.9 MILLION to Feds After 'Error,'" in The Record, August 19, 2010, at p. A-3. (The State Department of Human Services under Jennifer Velez "finagled" $2.9 MILLION in prescription drug and medical payments from the federal government by "erroneously" billing them as family planning services and the money is still "missing," allegedly. What's up with that, Jenny-from-the-block?)
Lisa Fleischer, "N.J., SEC Settle Securities Fraud Case: State Avoids Fine But Gets Warning About Full Disclosure in Bond Sales," in The Record, August 19, 2010, at p. A-3. (Feds want to know what N.J. has under its finger nails.)
Joe Ryan, "Third Person Sentenced in Human Trafficking Ring," in The Record, August 19, 2010, at p. A-4. (N.J.'s thriving child prostitution industry -- catering to politicians and judges, allegedly -- continues to prosper.)
Lisa Fleischer, "Report Urges Oversight for Tax Breaks," in The Record, August 19, 2010, at p. A-4. (Mysteriously, tax break money is not getting to the schools where it is needed. What a shock.)
"You Got Him: Ridgefield Holds On To Suarez," (Editorial) in The Record, August 19, 2010, at p. A-16. (Ridgefield Mayor, ANTHONY SUAREZ, accepted and kept a $10,000 bribe, but was retained as mayor by a margin of 38 votes. 37 of these votes were cast by deceased residents of the town, allegedly, and 1 vote was cast by Mr. Suarez -- for himself.)
Stephanie Akin, "Paramus Revisits Nepotism: Advocates for Revision Say Current Policy is Too Lax," in The Record, August 19, 2010, at p. L-2. (Are you kidding?)
Hugh R. Morly, "21,200 Jobs Lost in July, [in N.J.,] and Unemployment Rises," in The Record, August 19, 2010, at p. L-7. (N.J. has "flatlined," financially, according to analysts.)
"The Securities and Exchange Commission, in its first securities fraud case against a state, accused New Jersey of misleading investors [No?] about the health of its two largest state pensions while selling BILLIONS in bonds." (The Wall Street Journal)
The purchasers of these bonds, American tax payers, are what Trenton calls "chumps."
" ... In the New Jersey action, the SEC cited municipal bonds in 79 separate offerings totalling $26 BILLION from 2001 to 2007. [All under Democrats in the governor's mansion.] Many of those sales occurred after the SEC said the state abandoned a plan to bring pension funding up to snuff."
Right now, pension funding in N.J. is below "snuff." The legal system, especially the judiciary, is also corrupt and inept. These frauds were made possible and perpetuated by lawyers at "elite" New Jersey firms, many of whom are now judges and justices -- like Jaynee La Vecchia and Stuart Rabner:
"The SEC's filing in the civil case described a series of moves that it alleged misled [i.e., "deceived"] investors into believing the state was adequately funding the $34 BILLION Teachers' Pension and Anuity Fund and the $28 BILLION Public Employees' Retirement System."
Stuart Rabner, Anne Milgram, and now Paula Dow as N.J. Attorney General were all oblivious to this minor matter since none of them checked to see whether or how much was actually deposited in those pension funds when New Jersey listed separate and conflicting numbers in federal/state filings. What happened to any moneys not deposited in those accounts is anyone's guess:
"The funds are the largest of seven funds in the $66 BILLION New Jersey retirement system."
The N.J. pension fund system has been described as $46 BILLION "short" of its obligations. The real number of the shortfall may be greater than this figure quoted by Governor Christie early in his administration. ("Law and Ethics in the Soprano State" and "Jaynee La Vecchia and Conduct Unbecoming to the Judiciary in New Jersey.")
" ... New Jersey neither admitted nor denied wrongdoing, but said it wouldn't do 'it' [what?] again. The SEC didn't fine the state, citing its cooperation and remedial steps it has taken. No individuals were charged."
The New York Times was a little more explicit about New Jersey's so-called "malfeasance" and "fraud." These are the people who disapprove of my "ethics" and censor my writings, illegally, even as they accept bribe money from child molesters. How these lowlifes have the nerve to utter the word "ethics" to anybody is beyond me. ("New Jersey's 'Ethical' Legal System.")
"Because [sic.] of New Jersey's misrepresentations, the commission said, investors bought more than $26 BILLION worth of the state's bonds over six years without understanding the severity of its financial troubles ... " (The New York Times.)
In other words, buyers did not appreciate that the state might not be able to pay its obligations because the risk assumed by the Garden State -- and thus, the buyer's risk! -- was greater than represented to the public. Normally, this is called "criminal fraud." Don't try this at home, kids.
" ... those who bought N.J.'s bonds in years past could find themselves fighting with public retirees for some limited pool of dollars."
Lots of luck, grandad!
"The SEC said the FRAUD began in 2001, when New Jersey increased retirement benefits for teachers and general state employees. [The "Real Governor" Richard J. Codey, Esq. and "Slim Jim" McGreevey, Esq. were behind the caper. New Jersey's "Irish Mafia," right Alex Booth?] New Jersey did not have the money to put behind the new benefits, but every year after that, the state treasurer certified [lied?] that the pensions were being funded according to the plan."
Who wants to talk about lying? John McGill, Esq.? Neither McGreevey nor Codey is facing OAE charges for these fabrications over a period of years. Both of these "gentlemen" are members of the bar in good standing in the state of New Jersey. "When Irish eyes are smiling ..."
John McGill, did you have anything to do with posting anonymous items about me on-line? Isn't that sort of thing and soliciting grievances "unethical" for an OAE attorney, John? Aren't such offenses -- especially by an OAE lawyer -- grounds for disbarment, Mr. McGill? ("New Jersey's 'Ethical' Legal System" and "New Jersey's Office of Attorney Ethics.")
New Jersey has become a global spectacle symbolizing corruption, incompetence, the denial of legal ethics and America's decline to the world. There was a time in this country when these people would be going to prison. ("Law and Ethics in the Soprano State" and "Corrupt Law Firms, Senator Bob, and New Jersey Ethics.")
To presume to judge my ethics or character from N.J.'s feces-covered Supreme Court and bribed OAE's inner sanctum is hypocrisy and fraud worse than the SEC can imagine. Computer crime, censorship, violations of civil rights, and suppressions of speech, also cover-ups continue against me before the eyes of the world. ("What is it like to be censored in America?" and "How Censorship Works in America.")
Turn over the torture files to me, Mr. Christie. Stop suppressing my writings or altering my copyright protected works. Stop interfering with my cable signal or engaging in computer crime aimed against me and my family.
Mr. Holder, what will it take for the U.S. Attorney to take action in this matter? How could no one be prosecuted in New Jersey for these admitted frauds or an ongoing criminal conspiracy which could not have happened by themselves, that is, without human agency?
"Fraud" is "intentional deceit for a material gain." Somebody must have been guilty of these frauds. Fraud does not just "happen," like a rain storm. Is it because these officials in New Jersey are Democrats that no person is being prosecuted in this disturbing matter? Ethics, ladies and gentlemen? You must be joking.