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17 and 40

 

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Who has more fun politics?

French presidential candidate Emmanuel Macron is married to Brigitte Macron. As Brigitte Marie-Claude Trogneux, the now 64-year-old is the daughter of a family of chocolatiers, an organizer who is one of the masterminds behind the movement’s rise. Trogneux eventually separated from her husband with whom she has three children. In 2007, the two Macrons were married . Critics of the presidential front-runner frequently refer to his wife using the term “cougar” — a not exactly flattering word that describes older women seeking relationships with younger men.

[April 23 No French President Fillon ]

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Fillon finished  close behind the front-runners with 19.9 percent suppot and Fillon – a former prime minister – received some last-minute public endorsements from former President Nicolas Sarkozy and former Prime Minister Alain Juppe.
Fillon beat both of them in the primary vote to stand for the Republicans party, but his campaign has been hit by a series of allegations and charges of financial irregularities during his time as a government official and minister.

[February 1 Fun in horse race]

penelope-fillon

Who has more fun politics?

What started last week as a page three article in Le Canard Enchaine (it was not even on the front) now has a serious chance of bringing down the man seen as favourite to be the next French head of state. Mr Fillon’s wife Penelope was paid hundreds of thousands of euros in taxpayers’ money for a fictitious job as parliamentary assistant to her husband and his replacement.. So a new method for choosing a replacement candidate would have to be devised. Many eyes are turning to Alain Juppe, the runner-up in November’s primary.
Last week Mr Juppe said there was no way he would let himself be considered again as a candidate – but that was then.
“What is striking to me is how little help there is being directed at Fillon from his fellows in the party,” says Cecile Cornudet. “It doesn’t look good for him.”
Former President Nicolas Sarkozy is no doubt watching closely, and other senior Republican figures are also being mentioned, such as Francois Baroin, Laurent Wauquiez and Xavier Bertrand. Marine Le Pen, French far-right National Front (FN) party president, too is embroiled in corruption allegations, after the European parliament demanded she start repaying around €300,000 it says were wrongly paid to legislative aides and her bodyguard

[December 8 2016 DSK “a dimension outside the system” in second place as left candidate ]

dsk-et-sa-compagne

December 7 2016

The former IMF chief is back on the podium from left presidential candidates. According to a survey, 37% of French see him as a good candidate.
Dominique Strauss-Kahn is back on the list of best candidates left for 2017, second only Manuel Valls in a ViaVoice poll for Liberation published Thursday December 8. To the question whether each of the nine tested individuals would make a good or a good candidate “for the left in the 2017 presidential election,” 47% of respondents put the head Manuel Valls. DSK reached 37%, ahead of Ségolène Royal (32%), Martine Aubry (28%), Arnaud Montebourg (24%). François Hollande gets only 23%.
Among supporters of the left, Dominique Strauss-Kahn (45%) but ranks only 5th place, preceded by Manuel Valls (67%), Martine Aubry (62%), Ségolène Royal and François Hollande (56% each) . “Data for Dominique Strauss-Kahn are particularly unexpected,” notes political analyst Francois Miquet-Marty on behalf of ViaVoice. According to him, for DSK assets “a dimension outside the system, including during the trial proceedings; in contrast, the image of competence reinforced this time in the heart of the system “, and that” a determination, a perceived strength. ”
Moreover, Nicolas Sarkozy is designated by 28% of the sample as the winner of the presidential election if the were held today (23% for Marine Le Pen, only 9% for Hollande). 63% of respondents disapprove of the present policy (19% approve, 18% did not respond). 34% think that the right would be better that the Socialists if it was in power, and 28% believe that the National Front as it would do better.
Survey conducted online June 23 to 26 among a sample of 1,002 people representative of the French population aged 18 and over. Quota method.

[February 9 Alain Juppé ahead of Nicolas Sarkozy in polls ]

Alain Juppé is married to Isabelle Juppe (Bodin-born Legrand) is a former journalist who has long worked for the Lagardere media group. A Digital Specialist ,”The digital Woman in 2007″ .

Former French Prime Minister Alain Juppé will win The Republicans party nomination to run for president in 2017, beating Nicolas Sarkozy, according to a poll from Ipsos published in daily newspaper Le Monde February 8.
Forty-four percent of the respondents who are “certain” to vote in the party’s primary elections said they would choose Juppe, compared with 32 percent for Sarkozy, Ipsos, which conducted the survey with the Cevipof political institute, said. While former President Sarkozy may win more votes among party followers, The Republicans’ primaries will be open to all voters, which could allow Juppe to take the lead, the survey shows. France’s two-round presidential elections will be held in May 2017 and The Republicans’ primaries will be held in November. Sarkozy has vowed to slash taxes and pare back public spending if he is elected French president in 2017, as the former leader begins his campaign for nomination.

President Francois Hollande would lose the first round of the 2017 presidential election if either Sarkozy or Juppe win The Republicans’ primaries, according to a poll.

DSK – Comité de soutien

[December 1 2014 Hollande in Dakar row; Paparazzi did not snap Gayet, 5 staff fired ]

On November 29 at the meeting in the Senegalese capital Dakar, Hollande said “all human beings should be allowed to choose their leaders”.
Rwandan Foreign Minister Louise Mushikiwabo said the French leader should not “decide what will happen in African countries concerning their political future”.
She added: “It’s a ‘Made in France’ democracy, and in Rwanda we find that shocking.”

Five members of Francois Hollande’s personal staff have lost their jobs after photos were taken of the president and his ‘secret’ lover at the Elysee Palace.
Taken last month, they showed the 60-year-old Socialist with Julie Gayet, the 42-year-old TV actress.There was no possibility of paparazzi having got into the highly secure presidential home in Paris, prompting the speculation that the pictures were taken by staff.
‘Five were immediately placed in the frame, and they are the ones who have been moved on to other duties,’ said a governmental source in Paris.
He said investigators did not know the exact person who had taken the snaps, so all five were ‘being let go’.

[November 29 Sarkozy elected party leader of UMP; Gayet is pictured at Elysee

As UMP holds an election, Julie Gayet is pictured at  Elysee

Say three times:Gayet à l’Elysée

Former French President Nicolas Sarkozy has been elected party leader of UMP, gaining 64.5% of the vote. More than 150,000 party members – over 50% – voted in the election [ November 28] Sarkozy faces two internal challengers for the country’s main opposition party, the conservative UMP’s primary in 2016 to choose the party’s 2017 presidential candidate: former prime ministers Alain Juppe and Francois Fillon. Neither is running in the elections November 28,29.

[November 3 Sarkozy: Alain Juppé has become the main obstacle to the political return of Nicolas Sarkozy]

Alain Juppé is married to Isabelle Juppe (Bodin-born Legrand) is a former journalist who has long worked for the Lagardere media group. A Digital Specialist ,”The digital Woman in 2007″ .

A survey highlights the new popularity of Alain Juppe, who has become the main obstacle to the political return of Nicolas Sarkozy as the candidate in the 2016 primary of the UMP for the presidential election in 2017. The Mayor of Bordeaux in fact exceeds the former president of the Republic in popularity with supporters of the UMP, with 76% of good opinions, compared to 71% for Nicolas Sarkozy. The other potential contenders for the investiture of 2017 are far behind. A survey by polling group LH2 in October showed Alain Juppé, for the first time beating Sarkozy in the run-off due next year for the presidential ticket of their UMP party.

Alain Juppé, a prime minister under center-right French President Jacques Chirac and a senior minister during the presidency of Nicolas Sarkozy, said on August 20 that he would seek to become president in 2017. In 2004, he was forced to put his political career on hold, when a court sentenced him to one year of ineligibility for public office, in addition to a 14-month suspended prison term for having illegally helped militants within his party collect monthly payments from the Paris city hall. At the time, Mr. Juppé acknowledged errors and negligence but said he had never sought to violate the law.

In a brief statement, Jacques Chirac , the former president of the Republic is supporting former Prime Minister candidate in the primary of the UMP for the presidential election in 2017.

“I always knew that Alain Juppe would have an appointment with you his fate and that of France.” Few things could I do more fun, for me- even for him, especially for our country (…) If I had the energy, I would have already booked my place, even a small, at its HQ.”

[July 23 UMP supports Sarkozy despite indictment ]
Atlantico survey published July 17 shows that UMP supporters support Nicolas Sarkozy. Indeed, the former head of state grew by 6 points compared to June 2014, despite his indictment and the Bygmalion case.

[July 17]

Her rhetorical style is a cross between gospel and opera and, with a voice like Billie Holiday

Minister of Justice Christiane Taubira: Her rhetorical style is a cross between gospel and opera and, with a voice like Billie Holiday

Questioned on the first indictment of Nicolas Sarkozy and attacks of the former Head of State against the judiciary, Christiane Taubira wished to recall that “everything is justiciable remedies, it is possible to challenge a decision. At this stage, Mr. Sarkozy has the opportunity to enter the investigating chamber. ” Nicolas Sarkozy has he been humiliated? “It is easy to imagine that a custody unpleasant [but] if the judges have reason to believe that custody is necessary, they do whatever the defendant, and the rule of law ” . regard to very strong criticism by Nicolas Sarkozy, Minister of Justice believes that “it carries a subjective assessment. If the law has not been complied with, there are remedies (…).

[July 13]

Under arrest

Under arrest

Le Monde newspaper published extracts from telephone calls in which Former French President Nicolas Sarkozy reportedly tells Mr Herzog – who has also been charged with corruption – he will help out Judge Azibert in return for the information.
The conversations apparently took place in February on a mobile phone Mr Sarkozy bought using a false name because he knew his calls were being tapped.
Judge Azibert has already been charged with illegally passing on information in relation to an enquiry into money being received by billionaire L’Oreal heiress, Liliane Bettencourt.
In another part of the phone tapes, Mr Sarkozy is also heard saying he will meet with Michel Roger, Monaco’s chief of government.
Mr Sarkozy later discovered that his phone was being bugged, and so did not end up sorting out the job for the judge, it
http://www.lemonde.fr/politique/article/2014/07/12/pourquoi-nicolas-sarkozy-est-mis-en-examen-pour-corruption_4455913_823448.html
[July 1]

Happy 58th Birthday, Nick

Happy 58th Birthday, Nick, January 28 2013

Former French President Nicolas Sarkozy has been held in police custody for questioning over suspected influence-peddling,Sarkozy had a secret phone registered under an assumed name and it was conversations with his lawyer Herzog, recorded on that device, which triggered the probe, and that he was tipped off that his mobile phone had been tapped by judges looking into the alleged financing of his 2007 election campaign by former Libyan dictator Muammar Gaddafi. Sarkozy got a friendly judge to try to influence the outcome of confidential legal deliberations related to the Bettencourt case in return for support securing a lucrative post in Monaco.
They also imply he had a mole in a senior position who tipped him off about a planned police raid on his offices. Such interference in the judicial process is regarded as “influence peddling” in French law and carries a maximum prison sentence of 10 years. The ex-president was accused of “abuse of someone in an impaired state” in the case involving L’Oreal cosmetics fortune heiress Liliane Bettencourt, and was cleared last year of taking Bettencourt’s money when she was too frail to know what she was doing.

[March 6]

Lawyers for former President Nicolas Sarkozy and his wife Carla Bruni announced that they would file a complaint for invasion of privacy for privacy after the release of recordings made by former presidential adviser Patrick Buisson . An interim (emergency procedure) will “soon” filed in the High Court of Paris. Referred to the civil justice aims to stop “a manifestly ilicit” emergency and thus prevent further broadcasts excerpts or transcripts from such recordings. Substantive proceedings may nevertheless be the result. Nicolas Sarkozy and his wife cannot accept that the remarks, made in a private capacity , have been recorded and are distributed without their consent , the confidentiality of private conversations constituting also one of the foundations of a democratic society, “wrote Thierry Herzog and Richard Malka lawyers in a statement. By this procedure, the couple “decided to continue by way of interim relief which will soon be before the Tribunal de Grande Instance of Paris, capturing, recording and dissemination of some of their statements, in violation of Articles 226-1 and 226-2 of the Criminal Code, “they said. Both items are designed to achieve the intimacy of private life by recording words or images without the consent of the persons concerned and the preservation of such records and the fact of wearing or leave to inform the public. These facts are punishable with one year’s imprisonment and a fine of € 45,000

facts are punishable with one year’s imprisonment and a fine of € 45,000


Mary-Kate Olsen, 27, and Olivier Sarkozy , the half-brother of former French president Nicolas Sarkozy and French banker, 44 are engaged. “Mary-Kate’s family thinks Olivier is the best thing to happen to her,”
Olsen won’t have a hard time adjusting to motherhood, either. She’s already close to Sarkozy’s two children Julien, 12, and Margo, 10, from his previous marriage to Charlotte Bernard.
On March 3, 2008, he was appointed Co-head and Managing Director of the Carlyle Group’s Global Financial Services Group. Olivier Sarkozy is based in New York City and is a member of the Board of Directors of BankUnited. They share a US$6 million townhouse in New York City.

The couple was joined by Sarkozy's daughter as they headed out to dinner in the West Village

The couple was joined by Sarkozy’s daughter as they headed out to dinner in the West Village

The fast set

123 East 10th Street – East Village, New York Olivier Sarkozy, the half-brother of former French president-slash-casanova Nicolas, is already selling off his 19th-century East Village rowhouse at 123 East 10th Street, which he bought last August for $6.25 million. Dubbed a “love nest” for him and much-younger girlfriend Mary-Kate Olsen, the Frenchman picked up this 1854 five-bedroom, four-bathroom house at 123 East 10th Street?designed by James Renwick of Grace Church and St. Patrick’s Cathedral fame?because it was old. (Insert joke about their 17-year age difference here.) Signs, a.k.a. the tabloids, report that, even after a year of dating, the couple is still canoodling all over the city, so perhaps he’s trading it in for a more modern residence. The handsome red-brick home with multiple parlors, eight fireplaces, original parquet floors, detailed moldings, and a garden is listed for $6,995,000.

123 East 10th Street – East Village, New York Erected in 1854 by James Renwick, one of the most famous American Architects of his time, amongst Grace Church, St. Patricks Cathedral and other internationally acclaimed projects, 123 East 10th stands out as one of the most exquisite Row Houses built. This house remains to be as attractive and architecturally significant today as it was almost two centuries ago. The home boasts at least five bedrooms and currently only four bathrooms but can easily accommodate more of each. An old world layout with a double parlor greets one with a lovely grand entrance and can accommodate multiple sitting rooms.

to Paris

USD $81,000

Exit Hotel Bristol, M-K & Ashley

Elizabeth Olsen on Tuesday (March 4) in Paris, France.

[September 9 2011]

Dominique Strauss-Kahn

Dominique Strauss-Kahn

(Comité de soutien de Dominique Strauss Kahn communiqué) Dominique Strauss-Kahn will not be the primary candidate of the Socialist Party for President of the Republic of 2012! DSK Club regrets to announce that DSK has taken an irrevocable decision in view of the impediment that has retained a New York court because of a hasty and prejudice that have played against him …! Being a man of responsibility and duty, he agreed to step back from his position as DG of the IMF to protect the institution he has reformed and put his candidacy aside to allow the socialists to debate calmly and prepare an alternative to the presidency of Nicolas Sarkozy! see DSK Club site

imagesContribution records from President Trump’s inaugural committee, released by the Federal Election Commission, show Christopher Cline, a billionaire coal magnate who owns Foresight Energy Partners, gave $1 million. Trump has vowed to bring back coal jobs.

[March 18 Vonn: No Squaw Valley]

https://mobile.twitter.com/lindseyvonn/status/840038661672521729

PYEONGCHANG, South Korea (March 4, 2017) – Lindsey Vonn (Vail, CqO) finished second to lead four American women into the top 11 in Saturday’s downhill at the Audi FIS Ski World Cup test event for the 2018 Olympic Winter Games. Vonn , who is still progressing on her comeback after breaking her arm last November, has not won a Super-G at a World Cup event since January last year. World Cup overall leader Mikaela Shiffrin skipped the South Korean speed races to prepare for next week’s giant slalom and slalom in Squaw Valley, Calif.

 

[January 28]

CORTINA D’AMPEZZO, Italy (AP) — Lindsey Vonn avoided more serious injury when she fell and crashed into the safety netting during a World Cup downhill training session Friday.
Italian veteran Elena Fanchini fell in the same spot, also without serious consequences.
♦Vonn lost control and slammed into the safety netting in the same spot where she crashed in Friday’s training run. in the final downhill before the world championships in St. Moritz.. After collecting herself, Vonn skied down to the finish area. She had already had a small bobble earlier in her run but was 0.18 seconds ahead of winner Lara Gut at the first checkpoint just before her crash.   Vonn had asked the International Ski Federation’s race director to smooth out a small lip that gave her trouble in training.   “They changed it, but I still caught air,” Vonn said. “I just caught my edge and did the splits. It happens, unfortunately.”

 

[November 12 2016  humerus bone in my right arm compound fracture ]

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Lindsey Vonn arm fracture

Unfortunately, [November 10] I crashed while training in Copper and severely fractured the humerus bone in my right arm. I had successful surgery last night in Vail and everyone took great care of me.
While I am beyond frustrated by this latest setback, at least my knees are ok and I will return to the slopes as soon as possible, as I always do!

 

 

[October 11 Tiger Woods abandons Safeway: “my game is vulnerable” ]

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Game vulnerable

“After a lot of soul-searching and honest reflection I know that I am not yet ready to play on the PGA Tour or compete in Turkey,” Woods said. “My health is good, and I feel strong, but my game is vulnerable and not where it needs to be.

Sir Nick Faldo. “Tiger has been having problems getting out of his golf cart this week,” Faldo said at the conclusion of the 2016 Ryder Cup. “So I don’t know how he’s going to go out and play 72 holes.”

 

[October 8 Tiger Woods officially commits to Safeway ]

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Vonn has new video

Tiger Woods confirms participation in Safeway Open

 

[October 2 Tiger Woods in 2016 Safeway Open, Oct. 13-16? ]

nordegren201016_zpsybhbxjkz

47-year-old Tiger Woods battling a 30-year-old Jordan Spieth for major championships?    Cal Berkeley sophomore Collin Morikawa, 19, has received a sponsor’s invitation to play in the Safeway Open, The Safeway Open will be Morikawa’s second PGA Tour-sanctioned event of 2016, as he lost in a playoff at the Web.com Tour’s Air Capital Classic.

 

[October 2]

kate-beckinsale-lindsey-vonn-girls-night-out-the-nice-guy-05

Lindsey Vonn buys 4,000 sq ft home near Hollywood

Woods, 40, announced on Wednesday that he hopes to make his long-awaited return to golf at the 2016 Safeway Open, Oct. 13-16, at Silverado Resort and Spa in Napa, Calif.
“My rehabilitation is to the point where I’m comfortable making plans, but I still have work to do,” Woods said on tigerwoods.com. “Whether I can play depends on my continued progress and recovery. My hope is to have my game ready to go.” Woods’ long absence from the game – which will have reached nearly 14 months by the time the Safeway Open comes around.
I’m hoping we can get paired together,” Mickelson remarked. “That would be really fun. I would love it. It’s great to have him back, and hopefully he’s physically able to practice the way he needs.”
Olympic alpine ski racer Lindsey Vonn has dropped $3.55 million on a contemporary-style home for sale in Los Angeles, CA. Vonn’s new home, built in 2016, is a four-bed, five-bath custom home Measuring 4,018 square feet,

September 12 Woods and Nordegren have a solid relationship ]

elin-nordegren-48ee4d7b-9e72-4374-9e71-4da702fe8533

 

Elin Nordegren brought her ex-boyfriend Chris Cliner reunited about a month ago after the 57-year-old coal tycoon’s split from Kelly Crosby Heyniger.   Kelly Crosby Heyniger is the CEO of Age Reverser LLC .   The duo dated for a year before calling it quits in August 2014. It was Nordegren’s first serious relationship since her 2010 divorce from Woods, 39, in the wake of his cheating scandal.

In a recent interview with Time, Woods gushed over Nordegren, his ex-wife, revealing they currently have a solid relationship. The parents of daughter Sam, 8, and son Charlie, 6, are “best friends” now, Woods revealed. “Having the relationship that I have now with her is fantastic,” he added. “We’re able to pick up the phone, and we talk to each other all the time. We both know that the most important things in our lives are our kids. I wish I would have known that back then.”

 

[May 11 Elin Nordegren’s Cline needs $23.6 million before May 17 ]

elin derby

Both of Tiger Woods’ exes, Elin Nordegren and former girlfriend Lindsey Vonn, were making the rounds over Kentucky Derby weekend — and party organizers were ordered to keep the two blondes apart.

lindsey derby

A rep for Vonn insisted that she didn’t ask to be seated away from Nordegren, adding the two women are on “great terms” and spoke at different events over the weekend.

Chris Cline’s St. Louis-based coal miner Foresight Energy LP said it lost $41.7 million in the first quarter, or about 32 cents per common unit. That compared to profit of $42.3 million, or 33 cents per common unit, in the same quarter last year. It announced a tentative plan last month to restructure its debt but last week extended the deadline to finalize the agreement to May 17.

[May 2]

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10 March Elin Nordegren back with Cline. Wall Street will be paying particular attention when Foresight Energy LP (NYSE:FELP) issues their next quarterly report which is anticipated to go out on or about 2016-05-05 for the period ending on 2016-03-31.

 

Tiger Woods has registered for the U.S. Open, which is to be played at Oakmont Country Club June 13-19, 2016.   But that doesn’t necessarily mean he will tee it up at the Pennsylvania course where he tied for second in 2007.   Woods was required to register by Wednesday’s deadline if he wants to play. According to the United States Golf Association, he registered at 4:33 p.m. on April 4 — three weeks ago.   All 51 players who are fully exempt for the 116th U.S. Open have registered, including defending champion Jordan Spieth and Jason Dufner.

 

[April 13

Foresight Energy Lp  Extended term of forbearance agreement that was entered into on Dec 18 with certain holders of issuers’ 7.875 pct senior notes due 2021 . As a result of extension, forbearance period runs through April 15, 2016, unless further extended – SEC filing. FELP and bondholders are near a deal in which billionaire founder Chris Cline would inject cash to repay the creditors. FELP, which is attempting to resolve the dispute with bondholders who claim they are owed more than $600M, needs an agreement to help stave off bankruptcy.

160406-tiger-champions-dinner

Champion’s Dinner April 5

 

[March 14] Billionaire Christopher Cline, 57, hailed as the savior of the Illinois coal industry, is the founder of Foresight Energy LP, which has until March 15 to pay $23.6 million of overdue bond interest.

read more Cline

 

[February 29 Vonn injury ]

Vonn fracture

Lindsey Vonn being carried off

[February 16 Lindsey Vonn perfect weekend is the first after her return to racing ]
[April 21 2015 Tiger wins $155,000 for Masters 2015]

Tiger Woods 17th place finish at the Masters 2015

Tiger Woods 17th place finish at the Masters 2015 Apr 9 The Masters T17 $155,000

Amanda Boyd Dufner purchased a Jupiter, Florida, three-bedroom, three-bathroom, 3,000 sq.-ft. home for $675,000 in May 2015 nine miles from Tiger Woods estate.
Woods, who won only $610,775 in an injury-plagued 2014 season, topped the list with $55.1 million in earnings.

[December 10 2015]
lindsey-vonn-downhill-victory-in-lake-louise-2015

The indisputable speed queen, Lindsey Vonn scored World Cup career wins 68, 69 and 70 at the FIS World Cup speed season opening at Lake Louise, her perfect weekend is the first after her return to racing from a long series of injuries. Only in October, she opted out of the season kick-off on the Austrian glacier to give her ankle – injured in a training crash at a snow camp – more time to heal. With her three wins, Vonn now leads the overall World Cup rankings after six races so far this season.

Friday, Dec. 4 – Audi FIS Ski World Cup ladies’ downhill 1
Saturday, Dec. 5 – Audi FIS Ski World Cup ladies’ downhill 2
Sunday, Dec. 6 – Audi FIS Ski World Cup ladies’ Super G

[October 27 2015 Tiger Woods had back surgery on Sept. 16 and is hopeful to return to competitive golf early in 2016.]

[August 24 Tiger Woods 10th-place finish — his first since 2013 at Wyndham]

Jason Dufner and Tiger Woods playing a practice round  July 13

Jason Dufner and Tiger Woods playing a practice round July 13

The 10th-place finish — his first since 2013 …a triple bogey at the 11th and a bogey at the 12th [earlier]For the first time in more than two years, Tiger Woods is in the lead at a golf tournament, Wyndham Championship. He shares the top spot — with a rookie pro, Tom Hoge

[August 20 Lindsey Vonn breaks ankle, back home]

[August 17 returning from practice in New Zealand]

” crashed today and have a small fracture in my ankle. Headed home”

[July 20 Tiger Woods:Exits british open]
76,75
http://www.cbssports.com/golf/eye-on-golf/25244893/british-open-tiger-woods-exit-at-st-andrews-was-really-sad

Woods.more‘ odds on Bovada were moved from 40-1 after the US Open to 20-1 after the Greenbrier. That’s what a 7-under score of 273 will do for you.

[Juiy 4 Greenbrier Classic July 4. Tiger in the mix – Lindsey in makeup]
Tiger Woods will play the weekend at the Greenbrier. Tiger Woods followed up his 66 in the first round with a 69 in the second at the Greenbrier Classic in round two. He’s now had as many rounds in the 60s this week as he had all season up to this point.

Lindsey Vonn nominated for two ESPY awards, July 15

Amanda Boyd (left) and Lindsey Vonn (right) watch their other halves in The Presidents Cup in 2013.

Amanda Boyd (left) and Lindsey Vonn (right) watch their other halves in The Presidents Cup in 2013.

July 3

Tiger Woods dropped a 4-under 66, his lowest round of tournament golf since March 2014 at the Greenbrier Classic July 2.

[July 2 Tiger to take another endorsement slide?]

University of Alabama student Amanda Boyd of Millbrook, Ala. and husband

” They are not even acquaintances.” -Woods’ agent Mark Steinberg
Amanda Boyd of Millbrook, Ala. and groom

Woods, 39, is said to be dating Amanda Boyd, 27, Jason Dufner’s ex-wife
They began seeing each other after they ‘flirted’ on the tour circuit
Pair have now developed a ‘serious relationship’ according to one source
He reportedly flew her to Seattle as he prepared for last month’s US Open
But Woods’ agent Mark Steinberg says the allegations are a ‘complete lie’
In May DailyMail.com revealed Vonn dumped Woods because he cheated
Boyd and Dufner divorced in April after ‘irretrievable marriage breakdown’
Woods allegedly cheated in February, Dufner and Boyd split same month

Tiger Woods still made the most money in golf in 2014, according to the Golf Digest 50, an annual ranking of those making the most in the game.

Woods earned $55,110,775 in 2014, according to the magazine, with endorsements making up an astounding 98.8 percent of his take.

It’s the least money Woods has earned in a single year since 2000, when the magazine says he made $49 million.

Woods, who has been at the top of the list for all 12 years it has been published, had three years — from 2007 to 2009 — where he made more than double what he made last year. He pulled in $121.9 million in 2009 but took a huge slide after his extramarital affairs were revealed late that year.

here

May 3 Woods splits with Vonn, Elin Nordegren gets Florida award]

Place of Hope welcomed more than 600 guests to its 2015 Hope Bash, which honored local philanthropist and child advocate Elin Nordegren with the inaugural Harris L. Weinstein Hero of Hope award. Elin Nordegren and Chris Cline May 2015

Place of Hope welcomed more than 600 guests to its 2015 Hope Bash, which honored local philanthropist and child advocate Elin Nordegren with the inaugural Harris L. Weinstein Hero of Hope award.
Elin Nordegren and Chris Cline May 2015

Place of Hope is a faith-based, state-licensed child welfare organization.
The Lindsey Vonn-Tiger Woods relationship that began about three years ago has ended, with each athlete citing their hectic schedules as a contributing factor. Woods’ 2010 split with Elin Nordegren cost him handsomely

[April 21 Tiger wins $155,000 for Masters 2015]
Tiger Woods 17th place finish at the Masters 2015 Tiger Woods 17th place finish at the Masters 2015 Apr 9 The Masters T17 $155,000

[March 16 Nordegren’s Chris Cline sells out for $1.4 Billion]
In exchange for $1.4 billion cash, billionaire Chris Cline, 57, is selling 50% of publicly traded Foresight Energy LP and an 80% interest in Foresight’s general partner. The buyer is Murray Energy, the largest privately held coal miner in the country, controlled by cantankerous, 75-year-old Robert Murray. “This is a great day for American coal,” said Cline, in a statement.
Elin Nordegren

February 24 Vonn crashes at Marbor, her surgically repaired right knee wasn’t hurt]

MARIBOR, SLOVENIA (Feb. 21, 2015)— In Vonn’s first giant slalom back on the World Cup circuit, she ran 18th and was leading in the first split by nearly six tenths before going down on her right hip and crashing back-first into the b-net.    Vonn, the most successful woman skier of all-time, lay on the snow for a while, raising fears that she might be in trouble but the U.S. Ski Team later said she was alright.   “She hit her back on the B-net poles pretty hard but should be all good,” Riml said after Vonn had a medical checkup, adding her surgically repaired right knee wasn’t hurt either.

MARIBOR, SLOVENIA (Feb. 21, 2015)— In Vonn’s first giant slalom back on the World Cup circuit, she ran 18th and was leading in the first split by nearly six tenths before going down on her right hip and crashing back-first into the b-net. Vonn, the most successful woman skier of all-time, lay on the snow for a while, raising fears that she might be in trouble but the U.S. Ski Team later said she was alright. “She hit her back on the B-net poles pretty hard but should be all good,” Riml said after Vonn had a medical checkup, adding her surgically repaired right knee wasn’t hurt either.

[February 5 Elin’s Swedish island from Woods on the block]

Tiger Woods never completed the purchase of a Swedish island that was being developed for him and Elin Nordegren.

Tiger Woods never completed the purchase of a Swedish island that was being developed for him and Elin Nordegren.

62-acre island has six private tees for golf practice and ultimate privacy, about an hour by boat from Stockholm.
The property in Lake Malaren features a 2,500 square-foot main house, a 900 square-foot hunting lodge, and a landing strip for a propeller plane
The Florida Woods family home near Orlando was sold to golfer Bubba Watson in 2012.

[January 25 Lindsey Vonn gets 64th World Cup victory in super-G at St. Moritz]

Lindsey Vonn won the Super-G in St. Moritz with 0.24 seconds ahead of Austrian Anna Fenninger, her 64th World Cup victory.

Lindsey Vonn won the Super-G in St. Moritz with 0.24 seconds ahead of Austrian Anna Fenninger, her 64th World Cup victory.

Lindsey Vonn won the super-G on January 19 to stand alone atop the list with win No. 63.

Lindsey Vonn won the super-G on January 19 to stand alone atop the list with win No. 63.

[ January 18 ]

Lindsey Vonn of the U.S. is airborne as she clears a gate to win the women's World Cup Downhill skiing race in Cortina D'Ampezzo January 18, 2015..

Lindsey Vonn of the U.S. is airborne as she clears a gate to win the women’s World Cup Downhill skiing race in Cortina D’Ampezzo January 18, 2015..

[January 15 Lindsey Vonn 10th in Cortina d’Ampezzo]

Lindsey Vonn struggled with the thick fog and finished 10th in the World Cup downhill event in Cortina d'Ampezzo, Italy.

Lindsey Vonn struggled with the thick fog and finished 10th in the World Cup downhill event in Cortina d’Ampezzo, Italy.

[December 22 2014 Lindsey Vonn lands on elbow in a World Cup Super-G]

Lindsey Vonn of the USA after her crash during the Audi FIS Alpine Ski World Cup Women's Super-G on December 21, 2014 in Val d'Isere, France

Lindsey Vonn of the USA after her crash during the Audi FIS Alpine Ski World Cup Women’s Super-G on December 21, 2014 in Val d’Isere, France

The four-time World Cup champion crashed out of December 21’s super-G race after entering a gate slightly too wide in Val d’Isere, France.

Although Vonn did no damage to her troublesome right knee, she landed heavily on her right elbow.
December 7

Lindsey Vonn finished second in a World Cup super-G in Lake Louise, Alberta, on Sunday, completing her first weekend of races this year with two podium results.

Vonn was .37 of a second slower than Swiss winner Lara Gut on Sunday, one day after Vonn won her first race in nearly two years in a downhill.

Slovenia’s Tina Maze finished third, increasing her World Cup overall lead. Tiger Woods shot 72, finished at even par in first tournament back.

[December 6 Lindsey Vonn won the downhill at Lake Louise in one minute 50.48 seconds]

American skier Lindsey Vonn claimed victory in just her second race back after almost a year out through injury.
The four-time overall World Cup champion won the downhill at Lake Louise in Alberta, Canada, in a time of one minute 50.48 seconds.
The 30-year-old’s time was nearly half a second quicker than USA team-mate Stacey Cook, with another American, Julia Mancuso, in third.

[December 6 Tina Maze wins Lake Louise Ladies Downhill December 5 -Lindsey Vonn finishes 8th]

Lindsey Vonn finished eighth in her first race in nearly one year, a World Cup downhill in Lake Louise, Alberta, on December 5.“I skied really well in the technical parts,” Vonn said. “I definitely can clean up some turns for tomorrow (another downhill in Lake Louise), but I think it was a really solid start. I’m happy with it.”

Alpine ski racer Lindsey Vonn of US restarts to ski during a training session on the Oetztal glacier in Solden, Austria on Oct 4, 2014. US speed queen Lindsey Vonn makes her return to the World Cup circuit this season

Alpine ski racer Lindsey Vonn of US restarts to ski during a training session on the Oetztal glacier in Solden, Austria on Oct 4, 2014. US speed queen Lindsey Vonn makes her return to the World Cup circuit this season

Vonn is skipping a World Cup giant slalom race in Aspen November 29,30 to focus on training for the speed events, two downhill races and one super-G,

next week.

~2014~
LADIES DOWNHILL/DAMES DESCENTRE
December 5 – 6 Decembre
LADIES/DAMES SUPER-G December 7 Decembre

[November 14]
For months, the four-time overall World Cup champion had planned to return around the races in Lake Louise, Alberta, during the first week of December. After some solid training days, Vonn said she is considering coming back for the events in Aspen, Colo., over Thanksgiving weekend. “I’m a little more tentative still on the more difficult terrain,” said Vonn, who will wear a knee brace this season. “That just comes with time. With more training and more confidence, I’ll be good.”
FIS Alpine World Cup Ski Racing: Women’s World Cup ski racing returns to its regular spot on the Aspen events calendar this year. The giant slalom is on November 29 and the slalom is on November 30, with both events held at Aspen’s historic ski racing venue on the Lift 1A side of the mountain. The top female ski racers in the world, including Mikaela Shiffrin and Anna Fenninger, are expected to make starts over the weekend.

[September 15 Coal in doldrums, Elin splits]
Speculation of Elin-Woods get riposte:

Nordegren

Elin

Elin

Elin Nordegren 34, and 54-year-old coal tycoon Chris Cline have split after one year of dating,

Chris Cline, owner of The Cline Group, is the majority owner of Foresight Reserves, which is part of the Carlyle Group, a global assent management firm.
Foresight Energy Partners,is a subsidiary of Foresight Reserves

Murray Energy Corp. sued a Foresight Energy LP (FELP) unit, claiming it used confidential information to acquire property and mineral rights directly in the path of Murray’s operations in southern Illinois.The tracts “provide no mining potential to Williamson,” Murray said. “The only economic value of these purchases to Williamson is to frustrate MEC’s ability to execute its mining plans.”In 2008, Murray disclosed its longwall strategies to Williamson as it considered selling off operations in three Illinois counties, according to the complaint. Williamson was allowed to see the information only after agreeing to not disclose it or otherwise use it to acquire mineral or property rights related to Murray’s operations for eight years, according to the complaint.

When the companies failed to reach a deal, Williamson and its affiliates allegedly started overpaying for mineral rights in Murray’s planned longwall path in 2009 and continued to do so as recently as 2013. Murray said in the complaint that the tracts aren’t sufficient to support independent mining.

Murray said those purchases have forced it to pay more for its own acquisitions, caused it to relocate equipment and threaten its ability to meet production contract requirements.

[April 25 Tiger Woods with Elin Nordegren and Lindsey Vonn]

Tiger Woods (in blue) with Elin Nordegren and Lindsey Vonn (in pink)

Tiger Woods (in blue) with Elin Nordegren and Lindsey Vonn (in pink)

[January 15]

first day recovering from knee surgery

first day recovering from knee surgery

Florida for Vonn

Florida for Vonn

Vonn, the reigning Olympic and World Cup downhill skiing champ, will not compete in next month’s Winter Olympics, according to a post Tuesday on her official Facebook page.
January 07, 2014
I am devastated to announce that I will not be able to compete in Sochi. I did everything I possibly could to somehow get strong enough to overcome having no ACL but the reality has sunk in that my knee is just too unstable to compete at this level. I’m having surgery soon so that I can be ready for the World Championships at home in Vail next February. On a positive note, this means there will be an additional spot so that one of my teammates can go for gold. Thank you all so much for all of the love and support. I will be cheering for all of the Olympians and especially team USA! XO Lindsey

[January 5]

For the moment, there’s no question of thinking about skiing,” US women’s team head coach Alexander Hoedlmoser told the Austrian APA news agency.

[Earlier]
Vonn had another scary run during the World Cup downhill in Val d’Isere, clutching her knee in pain after losing her balance and missing a gate on December 21. But shortly afterward, she said no new damage had been done to the surgically repaired knee and her plans for the Sochi Olympics were still intact.

“I didn’t hurt myself more than I’m already hurt,” said Vonn, the reigning Olympic downhill champion. “It was a small compression, and it was fully loaded on the right ski and my knee just completely gave out. I tried to pressure the ski again and it gave out again. I had no chance of making that gate, unfortunately.”

With boyfriend Tiger Woods watching from the bottom of the slope, Vonn skied out after her left ski came up in the air, putting all her weight on the troublesome right leg. There are three downhill races on the World Cup circuit in January. Her appearance in at least one of those would seem essential to Vonn the competitor. Vonn the brand, however, may be impervious.
[December 12]

Lindsey Vonn will skip December 14 World Cup stop at St. Moritz, Switzerland, and is planning to return to the circuit in a downhill at Val d’Isere, France, Dec. 21.
The 29-year-old American returned to competition at Lake Louise, Alberta, December 6, ten months after tearing two ligaments in her right knee and breaking a bone in that leg during a crash at the world championships. She also had a setback when she partially re-tore one of those surgically reconstructed ligaments in a fall during practice Nov. 19.

Vonn finished 40th in a downhill December 6 in her World Cup season debut, then 11th in another downhill December 7, and fifth in a super-G on December 8.

Asked after that last event what those 72 hours of racing told her, Vonn replied: ‘‘It tells me that I do need a couple more starts. I want to make sure that I get on the podium at least once, if not win, before . . . Sochi. For me, mentally, I really want to have that in my back pocket.’
[ December 4]

LAKE LOUISE, Canada – The U.S. Ski Team says Lindsey Vonn has been cleared to begin World Cup downhill training. Olympic gold medalist

[Earlier]

Lindsey Vonn is skipping the Alpine Skiing World Championships in Austria this weekend, giving herself some extra time to get back into competing form ahead of the Sochi games.

[earlier]
2010 Olympic downhill gold medalist, coming off a knee injury suffered in a crash at the World Championships last season, on September 16, Lindsay Vonn said she felt good training on snow in South America recently, is ahead of schedule with her rehab and may be able to race later this month at the World Cup opener Oct. 26-27 in Soelden, Austria.
In Chile, she eased her way back with two gentle and relaxed training runs. The next day, she revved it up a little more, taking a few gradual turns along the course in Portillo, Chile.

[May 20]

Skier takes Golfer's kids to school

Skier takes Golfer’s kids to school

Vonn married fellow 2002 Olympian, and former U.S. Ski Team athlete, Thomas Vonn on September 29, 2007, at the Silver Lake Lodge in Deer Valley, Utah.[43] In November 2011, it was announced that the couple had begun divorce proceedings after four years of marriage.[44] Their divorce was finalized on January 9, 2013.

[May 12]

Lindsay Vonn attends Players

Lindsay Vonn attends Players

Lindsay Vonn is following Tiger Woods’ group at the Players Championship on May 12 as she watches him try to pick up win No. 4 on the season.

Vonn and Woods, who have confirmed they are dating, made an appearance at the Met Ball earlier this week, and Vonn was spotted every day at the Masters earlier this year.

[April 11]
Lindsay Vonn gets the Enquirer spotlight [April 22]here

Lindsay Vonn at Masters 2013

Lindsay Vonn at Masters 2013

[March 24]

Meanwhile, Lindsay vows to return to ski team by Sochi

Soccer Mom Elin Nordegren

Meanwhile, Tiger is back Number 1

Meanwhile, Tiger is back Number 1

Elin Nordegren, now a soccer mom

Elin Nordegren, now a soccer mom

Parents Elin & Tiger

Miners Games, 164 feet, owned by Chris Cline, Elin's beau, Privacy, 155 feet, Tiger's similar motor yacht

Miners Games, 164 feet, owned by Chris Cline, Elin’s beau, Privacy, 155 feet, Tiger’s similar motor yacht

Elin Nordegren, billionare's wife never thought he might be cheating

Elin Nordegren, billionare’s wife never thought he might be cheating

Tiger’s wife never had a clue, never hit him.Tiger Woods’ 33-year-old ex-wife has been dating 53-year-old billionaire Chris Cline since the holidays.

Age: 55
Source of Wealth: coal, self-made
Residence: North Palm Beach, FL
Country of Citizenship: United States
Education: Drop Out, Marshall University
Marital Status: Divorced
Children: 4

more
SEC

Both Nordegren and Cline — a coal magnate worth a reported $1.2 billion dollars — own homes in a North Palm Beach, Fla. oceanfront community called Seminole Landing.

The reports of Nordegren’s new romance come nearly two months after The National Enquirer claimed that Woods was trying to win back his ex by offering her a $200 million pre-nup. Woods refused to comment on the reports.

In February, the ex-couple was photographed together for the first time in years at a local youth sporting event with their two young children.

Nordegren and Woods — who were married for nearly six years — divorced in August 2010 in the wake of the golfer’s heavily publicized cheating scandal.

Tiger Woods, 33, was unconscious after he struck a fire hydrant and a neighbor’s tree about 2:30 Friday morning,November 29, 2009.
The wife of the world’s No.1 golfer Tiger Woods used one of his tools — a golf club — to smash open a window of his crashed SUV and then pulled him out of the damaged vehicle after an early-morning accident Friday outside their Isleworth mansion.

By the time a Windermere police officer arrived about 2:25 a.m., Elin Nordegren Woods had dragged her husband out of his 2009 Cadillac Escalade. He was lying on the ground, dazed and bleeding from his lips and with blood in his mouth.

Elin Nordegren, the Swedish former nanny, purchased a $12.2 million beachfront mansion in North Palm Beach’s Seminole Landing enclave. Coal mogul Christopher Cline owns the property next door to Nordegren’s new digs.
Nordegren took a job in a Stockholm clothing store called Champagne, where she met Mia Parnevik, wife of Swedish golfer Jesper Parnevik, who hired Nordegren as the nanny to their children, a job that required her to move to the U.S.[5] He introduced her to Woods during the 2001 Open Championship. After Woods’s subsequent infidelity was revealed, Parnevik was quoted as having said, “I’m kind of filled with sorrow for Elin since me and my wife are at fault for hooking her up with him, and we probably thought he was a better guy than he is.” [People Magazine] Previously, Woods had asked for a year to be introduced to Nordegren, who was seeing someone else at the time In November 2003, Woods and became officially engaged.

vonn and  woods

The happy couple

Lindsay Vonn's injured knee

Lindsay Vonn’s injured knee

Surgery went well

SURGERY WENT WELL

Lindsay Vonn had surgery on her right knee on February 10 after she shredded two ligaments during a crash last week at the world championships.
The U.S. Ski Team said Dr. William Sterett, a physician for the squad, operated on the four-time overall World Cup champion in Vail, Colo., on Sunday morning.
Sterett was optimistic at a full recovery and said of Vonn: “She will do everything in her power to return as quickly as possible to competitive skiing.”

[February 9]
Lindsay Vonn may be changing her plans for knee surgery to repair the damage caused by her crash at the world alpine championships.
U.S. Ski Team physician Bill Sterett would do her surgery February 10 in Vail. Sterett has treated her since she was 13 years old.
But it was looking like she would seek a second opinion.
“I think there’s a real possibility that she’s going to have it done someplace else,” Vonn had never had a serious knee injury, which is rare for ski racers.
Lindsay Vonn’s father says she may get second opinion before surgery
Vonn tore her anterior cruciate ligament and medial collateral ligament in her right knee. The broken bone was described as a lateral tibial plateau fracture.

“The fracture is called an impaction fracture,” Sterett said. “It should not require any surgery. It just needs to be non-weight on crutches.”

The accident happened after Vonn landed a jump in the opening super-G race at the championships. As she hit the ground, her right leg gave way and she spun forward, throwing an arm out to protect herself. She ended up on her back as she smashed through a gate.

Tiger Woods owns a Gulfstream G550. It is a perfect business jet aircraft. Its unique feature is that it is capable of carrying up to 16 people in standard seating configurations and can fly up to 6,500 nmi (12,000 km). It is the longest range business jet ever made. Chris Cline owns one too,

[December 3, 2009]

General Motors Corp., 24 November, agreed to discontinue a marketing accord with Tiger Woods, the world’s top-ranked golfer, at year’s end as plummeting sales spur cost cuts at the automaker. The golfer was driving a Cadillac Escalade, made by General Motors, when he crashed into a fire hydrant and then a tree at 2am 27 November. A spokesman for GM said that Woods received the car as a prize for winning the Buick Open golf tournament, which was sponsored by GM.

edwardsfrances1280x720

Edwards and Frances

 

Formr U.S. senator and Democratic presidential hopeful John Edwards’ return to the courtroom as a lawyer ended with a settlement and a mistrial.
The family of Kaiden Gaymon also sued the hospital, and Edwards said both sides reached a $13 million settlement that should help the boy get treatment for his health problems.

 

[April 27 2014  ‘Bunny’ dies: not guilty of campaign law violation]

At Bunny Mellon ’s funeral, the service was open to the public, so it was impossible to determine if former senator John Edwards (D-N.C.), was welcome or if this was another stop on the Edwards Redemption Tour. Edwards and his eldest daughter, Cate, arrived too late to be seated in the church and were directed to a side building, where they joined the overflow crowd. After the service ended, Edwards stood near the gravesite, then worked the crowd. Published: March 28

[March 18]

Bunny with Jackie

In his 2012 memoir, “Dropped Names,” actor Frank Langella, a longtime friend of Rachel “Bunny” Lowe Lambert Mellon, wrote candidly about the Edwards episode. “ ‘Well I suppose it’s my own damn fault,’ she told me, ‘he was so attractive. White shirt, white pants, sleeves rolled up. And you know I’m weak on good looks.’ ”
Rachel “Bunny” Mellon, the Listerine fortune heiress who married arts patron and philanthropist Paul Mellon, was a confidante of Jacqueline Kennedy Onassis and redesigned the White House Rose Garden, died March 17 at her home in Upperville, Va. She was 103. Rachel Lowe Lambert was born in New York on Aug. 9, 1910, into a family that had made its fortune producing Listerine mouthwash. Her father, Gerard, was president of the Gillette Safety Razor Co. Her paternal grandfather, chemist Jordan Lambert, was the inventor of Listerine, which was later marketed by her father. Her mother, Anne Elizabeth Parkhill, related to GHWB, GWB, “thomas walker” “Bush” At 101, she found herself improbably drawn into the legal battle of John Edwards, the former U.S. senator and presidential aspirant charged with violating campaign finance laws.

Edwards, a North Carolina Democrat, was tried in 2012 on charges that he took nearly $1 million in illegal campaign contributions from wealthy donors to support his mistress, Rielle Hunter, and conceal her from voters during his 2008 bid for the Democratic presidential nomination. Prosecutors attributed more than $700,000 to Mrs. Mellon and $200,000 to Texas lawyer Fred Baron.

Mrs. Mellon, who was not accused of breaking any laws, was entranced by the charismatic Edwards and wanted to help his quest for the presidency after he was criticized during the campaign for having a $400 haircut, according to witnesses in the case. Edwards dropped out of the race in January 2008.

On May 30, 2012, a federal jury in Greensboro, N.C., acquitted Edwards of one charge, and the judge declared a mistrial on the remaining five charges. The Juj.   stice Department later decided not to retry him on the five charges.

[May 31 2012]

Waiting for Edwards jury to adjourn for weekend on May 18

John Edwards and Rielle Hunter

In UNITED STATES OF AMERICA v.JOHNNY REID EDWARDS, IN THE UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA, A federal jury of four women and eight men in Greensboro, North Carolina, today found Edwards not guilty of one count of violating campaign finance laws. On that charge, the government alleged that in 2008 Edwards knowingly accepted more money from campaign donor Rachel “Bunny” Mellon than was allowed by law and the judge declared a mistrial on the five other charges. [May 18]The prosecution and defense had given their closing arguments on May 17. The government retold its case, moving chronologically just like it did when presenting evidence on its side of the case. They asked the jury to use common sense when deliberating, in considering if Edwards was unaware of this entire effort.
Defense attorney said there is an important difference between a wrong and a crime. John Edwards committed an offense against his family but broke no law. He has committed a sin but no felony. He was a bad husband who tried desperately to hide his affair. He is not guilty of campaign finance violations. The other main thing that Lowell did today was really continue his assault on the prosecution’s key witness Andrew Young. The jury were taking notes for really the full four hours, a lot of eye contact with some of the lawyers. They were nodding at times with the d.      efense attorneys, not sure what that means, whether they’re just following along or in agreement, but they were nodding along.
The defense team rested May 15 without calling the two-time Democratic presidential candidate or his one-time mistress to the witness stand, The defense rested after less than three days of testimony. Closing arguments are scheduled to begin May 16, and the jury is expected to start deliberations on May 17.

In violation of Title 2, United States Code, Sections 441a(a)(1)(A), 441a(f), and 437g(d)(1)(A)(i) and Title 18, United States Code, Section 2. Edwards is charged with knowingly and willfully accepting and receiving contributions in excess of the limits of the Election Act, and other crimes

 

Credit Suisse said March 31 that its offices in London, Paris and Amsterdam were searched March 30 by authorities in connection with client tax matters.

The U.K. tax authority is investigating “senior employees” at a global financial institution, it said in a statement. Australia’s Serious Financial Crime Taskforce said it had identified 346 of its citizens “with links to Swiss banking relationship managers alleged to have actively promoted and facilitated tax evasion schemes.”

Credit Suisse has previously been hit hard in tax probes. The bank was fined $2.6 billion in the US in 2014 after pleading guilty to helping American citizens evade tax and it was also fined €150 million in Germany in a similar case back in 2011.

[July 7 2015 Fana Hlongwane, SA agent on Gripen sale, had HSBC Swiss account]

 

Gripen by SAAB

Gripen by SAAB

Former South African arms deal advisor, Fana Hlongwane, holds one of more than 2,000 accounts held by South Africans at HSBC . Saab and BAE paid over a billion rand in commission to agents to secure the sale of 26 Gripen fighter jets to South Africa,
Apparently R154 million of the R1.5 billion in commission was paid to Fana Hlongwane, adviser to late defence minister Joe Modise. According to Expressen, R2 million was paid to Hlongwane in October 1999 via the company Red Diamond. The money then travelled via a Swiss agent into Hlongwane’s company Westunity.

In February 2015 the HSBC leak found 100 million kronor ($11.7 million) in three Swiss bank accounts belonging to Hlongwane. The programme reported that the money was related to the sale of Gripens to South Africa.

[May 14 HSBC Brazil CEO Guilherme André Brandão has no details on Switzerland bank accounts]

HSBC Brazil CEO Guilherme André Brandão Marcelo Camargo

HSBC Brazil CEO Guilherme André Brandão Marcelo Camargo

According to documents leaked by Hervé Falciani, which lists client names as of 2006, a total 8,000 Brazilians had accounts with HSBC Switzerland in that year. But no further information on suspected fraud has emerged so far
HSBC Brazil CEO Guilherme André Brandão was heard May 5 by a congressional committee of investigation (CPI) at the Senate that is probing potentially fraudulent bank accounts held by Brazilians with HSBC Switzerland. He claimed he has no details on Switzerland bank accounts, not even those held by Brazilian nationals.
According to Brandão, when a Brazilian client contacts the bank to open an account in Switzerland, bank executives in Brazil merely refer the applications to the agents overseas in charge of analyzing and approving investment recommendations and account applications. The bank’s office in Brazil holds a list of client referrals, but has no information as to which of them are successful.more on “operation Car Wash”

[February 21 Geneva’s Attorney General Olivier Jornot raids HSBC- implications for the bank]

Swiss prosecutors investigating allegations of tax avoidance have raided HSBC’s Geneva offices. The FT’s Martin Arnold and Jonathan Guthrie discuss the implications for the bank, and what this means for investors.

[February 18 Geneva’s Attorney General Olivier Jornot raids HSBC]

Geneva's Attorney General Olivier Jornot is seen leaving an HSBC Swiss branch of the bank in Geneva on February 18. Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering.

Geneva’s Attorney General Olivier Jornot is seen leaving an HSBC Swiss branch of the bank in Geneva on February 18. Geneva’s public prosecutor searched the premises of HSBC Holdings PLC in Geneva on February 18 and said it had opened a criminal inquiry into allegations of aggravated money laundering.

FEB 18, 2015 – 10:47 ” A search is currently under way in the premises of the bank, led by Attorney General Olivier Jornot and the prosecutor Yves Bertossa,” Geneva’s prosecutor said in a statement. The Geneva public prosecutor says it has initiated proceedings against the Swiss branch of HSBC for suspected money laundering. The prosecutor announced that following recent public revelations about the HSBC Private Bank – a Swiss subsidiary of a leading British bank – a criminal case has been filed against the bank and unknown persons for money laundering.
Regardless of the criminal liability of its employees, the bank can be prosecuted if it failed to take all the organisational measures necessary to prevent infringement from occurring.
Depending on its evolution of the investigation, the process is also likely to extend to individuals suspected of participating in money laundering within the bank, according to a statement by the prosecutor’s office. read more

[February 14 HSBC scandal in U.S.: Loretta Lynch avoided criminal prosecution of bank officers?]

 U.S. Attorney for the Eastern District of New York 2012

U.S. Attorney for the Eastern District of New York 2012

Republicans believe leak ‘throws a monkey wrench’ into Lynch becoming the next attorney general as questions swirl over her role in $1.9bn bank settlement in 2012

The office of Sen. David Vitter, R-La., announced it is investigating why Loretta Lynch, in her capacity as U.S. Attorney for the Eastern District of New York, allowed banking giant HSBC to avoid criminal prosecution of bank officers and other employees. HSBC paid a hefty fine, instead, for laundering uncounted billions of dollars of illegal drug and terrorist money through its U.S. bank in the service of Mexican drug cartels and Middle Eastern terrorists.
Main Justice prosecuted these cases, Lynch’s name just appeared on the press releases, it was Eric Holder’s show. But as a federal prosecutor, Lynch could have easily made decisions to charge individuals after the settlements were completed. She had the information at her disposal. But she chose instead to go along to get along, and you can see her elevation to attorney general as part of the reward.

[February 12 HSBC & Lord Fink “‘I didn’t object to his use of the word tax avoidance, because tax avoidance – everyone does it’.]
Shabana Mahmood, the shadow Treasury minister, has called for a “full and frank” statement from Lord Green, the former HSBC boss and former Tory trade minister, about what he knew about the tax scandal at HSBC.
Launching Labour’s education policy for the May general election at his former school in north London, Mr Miliband accused the coalition Government of failing to “act properly against tax avoidance”. The Labour leader said: “Yesterday a Conservative donor challenged me to stand by what I said in the House of Commons. I do. “And believe it or not, now today he confirmed it as well. He has just said, and I quote ‘I didn’t object to his use of the word tax avoidance, because tax avoidance – everyone does it’. “David Cameron must explain why he appointed a treasurer of the Conservative Party who boasts about engaging in tax avoidance and thinks it is something that everyone does. Baron Fink is a British former hedge fund manager, the former CEO and deputy chairman of the Man Group plc
The peer branded the Labour leader’s jibe in the Commons yesterday “untrue and defamatory” and challenged him to step out from the cover of parliamentary privilege so he could take legal action: he had a Swiss bank account because he was working for the Man Group in the country for four years from 1996 to 2000. “During this time I had need of a local bank account to do simple things like receive my Swiss franc salary and pay grocery bills,” he said.

[February 10 HSBC Private Bank (Suisse) SA -Hillary Clinton’s Foundation received $1M from account]

HSBC’s notes contain an instruction to ‘transfer [$1m] to Bill Clinton’s Foundation as a contribution following his involvement in the charity function.’

HSBC’s notes contain an instruction to ‘transfer [$1m] to Bill Clinton’s Foundation as a contribution following his involvement in the charity function.’ i.e.The Bill, Hillary & Chelsea Clinton Foundation. After leaving the State Department, she officially joined the foundation, which changed its name to the Bill, Hillary & Chelsea Clinton Foundation.

The files released by the International Consortium of Investigative Journalism detail 30,000 accounts held with the bank between 2005 and 2007 covering assets of nearly £78 billion. The files cover almost 7000 UK citizens and have been in the hands of HMRC since 2010.
HMRC has clawed back around £135 million from some of the 3600 British clients of the bank alleged to have avoided tax. Only one person has been prosecuted.

[February 9

David Cameron with HSBC's[now] Lord Green

David Cameron with HSBC’s[now] Lord Green February 14 Lord Stephen Green, the former HSBC boss at the centre of the storm over the bank’s alleged tax dodging, is to resign from his role with an influential financial services lobby group.

HSBC files show how HSBC Private Bank (Suisse) SA helped clients dodge taxes and hide millions
Data in massive cache of leaked secret bank account files lift lid on questionable practices at subsidiary of one of world’s biggest financial institutions. Data from around 130,000 customers at the Anglo-Asian bank -see below
Under the terms of the 2012 agreement, HSBC was obligated for five years to both fully cooperate with prosecutors on any other investigations and commit no crimes after it signed the deal. HSBC Holdings plc (HSBA.L) could see its 2012 deferred prosecution deal with U.S. authorities over anti-money laundering lapses reopened as a result of separate, ongoing probes into the bank’s alleged role in manipulating currency rates and helping Americans evade taxes.

[November 21 2014 HSBC tax fraud and money laundering charges in France, Belgium from Hervé Falciani, whistleblower in Switzerland]

HSBC Private Bank (Suisse) SA

HSBC Private Bank (Suisse) SA

Hervé Falciani, a French citizen and former employee of HSBC Private Bank in Geneva, has helped uncover an international tax evasion scandal.

Hervé Falciani, a French citizen and former employee of HSBC Private Bank in Geneva, has helped uncover an international tax evasion scandal.

“We confirm that HSBC Private Bank (Suisse) SA has been placed under formal investigation by French magistrates who are examining whether the bank acted appropriately between 2006-07 in relation to certain clients of the bank who had French tax reporting requirements, as well as in relation to the way the bank offered its services in the country,” HSBC Private Bank In connection with the investigation, the bank has agreed to deposit a bail bond of 50 million euros ($62 million.
The investigation follows the theft of personal details of HSBC private banking clients in Switzerland that were passed on to Belgian and French authorities in 2010. HSBC Private Bank was charged with tax fraud and money laundering in Belgium on November 17.

At the end of 2008, Hervé Falciani committed what is believed to have been the most portentous theft of banking data in history. The systems engineer and former employee at the Geneva offices of HSBC left Switzerland for France and took data from around 130,000 customers at the Anglo-Asian bank along with him.

France’s finance minister at the time, current International Monetary Fund head Christine Lagarde, then handed data supplied by Falciani on to other countries. With the help of the information, authorities were able to uncover hundreds of cases of tax evasion, including those involving members of Spain’s Botín banking family. In Greece, the data, which is often referred to as the “Lagarde List,” was largely forgotten until it returned to the headlines during the debt crisis.
Falciani, 41, has also cooperated with the American authorities. Indeed, on the strength of the information he provided, HBSC was forced to pay a $1.9 billion settlement with the United States after a Senate committee found that failures in HSBC’s money-laundering controls had enabled terrorists and drug cartels to gain access to the US financial system.

Last year, officials in Spain arrested Falciani in Barcelona. After a Spanish court rejected a Swiss extradition request for the Franco-Italian, he returned a few weeks ago to France, where examining magistrates have opened a new investigation into HSBC. The Botin family, which owns barely 2 percent of Santander, paid 200 million euros in penalties in 2011 to avoid charges of tax evasion related to a secret Swiss bank account. ‘Botin was the unofficial king of Spain.’

[October 22 Accounting system by consortia evades 1.7 billion euros in taxes for private companies of national importance]

Piero Tulli, presidente del Gruppo Cisco Italia

Piero Tulli, presidente del Gruppo Cisco Italia

Italy’s financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state of 1.7 billion euros ($2.2 billion) of tax. Police said two Rome businessmen, Pierino Tulli and Maurizio Ladaga, created a system using false invoices issued by intermediary subcontracting companies in areas such as security services and industrial cleaning to perpetrate the fraud. Using these false invoices, large sums of money were put into the accounts of shell companies. The funds were then taken out in cash and deposited in San Marino or Luxembourg, and the companies declared bankrupt, the police said.
The mechanism fraudulently used since 2001 to today’s date consisted generally in foster subcontracting services to co-operative societies specially constituted by the consortia administered by the suspects, who reportedly accounted for contracts from public entities, both by private companies of national importance . Cooperative societies, in turn, through the issuance of invoices for nonexistent transactions for about 400 million euro – credit the money received to further cooperative so-called “final”, whose accounts were gradually emptied by withdrawals cash, not justified by any business logic.
A total of 62 people are suspected of taking part in the fraud to some degree.

31454433202_d1a914aed5_b

“We are very close to it.”

FBI believes North Korea was responsible for the heist $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year.

U.S. prosecutors were building potential cases that would accuse North Korea of directing the heist, and would charge alleged Chinese middlemen.

[December 12]

“Bangladesh Bank’s SWIFT network was made insecure by some bank employees in connivance with some foreign people,” Dhaka police investigator said. “They knew what they were doing.”

He said investigators were now trying to find out how the mid-ranking officials were connected to the hackers and whether they benefited financially from the heist. Asked if the officials would be arrested, Alam said: “We are very close to it.” $81 million was successfully transferred purportedly for payments in relation to Bangladeshi infrastructure projects, including bridges, a power station and the Dhaka metro to four fake accounts in a branch of Rizal Commercial Banking Corp (RCBC) (RCB.PS) in the Philippines. A dollar account is opened at RCBC in the name of William So Go, who denies involvement. Funds transferred via that account and via Philrem, a remittance company: About $29m then made its way into accounts held by Bloomberry Resorts and $21m to Eastern Hawaii Leisure Company, with another $31m delivered in cash by Philrem to an individual by the name of Weikang Xu, described by one Bloomberry representative as a “junket agent” organising trips for gamblers. The four RCBC accounts that initially received funds were frozen, as well as the accounts of Eastern Hawaii; Kam Sin Wong, one of the signatories to the account of Eastern Hawaii; Mr Go, and his Centurytex Trading business. On February 29 the story of the scam was broken by the Philippine Daily Inquirer.Cyber security experts do not think such inside persons would have been essential for a crime that could have been committed from outside by sophisticated criminal hackers from eastern Europe or elsewhere.

[March 12 $81 million stolen by hackers, an internal investigation is ongoing ]


Bangladeshi Finance Minister Abul Maal Abdul Muhith March 8 accused Federal Reserve Bank of New York of “irregularities” that led to the unauthorized transfer of $100 million from the account of Bangladesh central bank. The funds had been stolen by hackers and some had been traced to the Philippines. The money was converted into pesos and deposited through a branch of Rizal Commercial Banking Corp.in the account of an unidentified Chinese-Filipino businessman who runs a business flying high net worth gamblers to the Philippines. Four requests to transfer a total of about $81m to the Philippines went through, but a fifth, for $20m, to a Sri Lankan non-profit organisation was held up because the hackers misspelled the name of the NGO, Shalika Foundation, leaving $81 million unaccounted for. Initially, the Sri Lankan transaction reached Pan Asia Banking Corp, which went back to Deutsche Bank for more verification because of the unusually large size of the payment, a Pan Asia official said.
Hackers misspelled “foundation” in the NGO’s name as “fandation”, prompting a routing bank, Deutsche Bank, to seek clarification from the Bangladesh central bank, which stopped the transaction, one of the officials said. The hacking of Bangladesh Bank happened sometime between 4-5 February, over the Bangladeshi weekend, which falls on a Friday, the officials said. The bank’s offices were shut.
You have to admit that stealing a hundred million bucks — and attempting to steal almost a billion — is pretty impressive! And all they needed was a SWIFT code. It makes all that hard work in heist flicks like “Ocean’s 11” and “The Italian Job” seem pretty silly by comparison.

The ECB had to resort to negative deposit rates to scare European banks into taking cash out of the Eurosystem and putting it to work elsewhere. Maybe when a hundred million bucks vanishes into thin air from under the nose of the U.S. central bank, it will have an even greater effect!

 

[October 30 2013 Fines for corporate wrongs cost of business?   Brother Circle gangster apparatchiks and Yamaguchi-gumi yakuza group ]

Ken Shinoda - Yamaguchi Yakusa

Ken Shinoda – Yamaguchi Yakusa

Executive-suite alterations, docked pay and company fines need to be paired with criminal prosecutions

Executive-suite alterations, docked pay and company fines need to be paired with criminal prosecutions

A consumer finance company affiliated with Mizuho, made at least $2 million in small loans to buyers with links to Japan’s organized crime syndicates without properly vetting their backgrounds. The syndicates use the loans to help finance their activities.

Mizuho Bank, which bought and bundled these loans from its affiliate, found gangster-linked loans on its books in 2010 but failed to inform the authorities, according to a report by outside lawyers appointed by the bank to investigate the case.
But the lawyers said they could find no evidence that Mizuho officials intentionally tried to hide the loans from investigators.

Mizuho’s management instead simply “failed to appreciate the gravity of collaborating with organized crime,” Hideki Nakagomi, who headed the panel of lawyers, said on Monday. He acknowledged that many officials at the bank had told the investigators “they did not remember what happened.”

Mizuho, based in Tokyo, announced late on Monday that its president and chief executive, Yasuhiro Sato, would keep his job, though he and 53 other current and past executives will take a pay cut for up to six months. Mr. Sato also serves as president and chief executive of the bank’s parent, the Mizuho Financial Group.

“I apologize from the bottom of my heart,” Mr. Sato said at a news conference, bowing deeply in front of cameras. “I take very seriously the fact that we find ourselves in this situation.”

The group’s chairman, Takashi Tsukamoto, who plays a mostly advisory role at Mizuho, will step down.

The scandal has done little damage to the company’s stock, which actually rose 2.45 percent on Monday after news of the report.

The shady lending came to light after the Japanese banking regulator, the Financial Services Agency, censured Mizuho last month over its handling of the loans. The loans underscore how organized crime groups continue to draw money from the financial system here despite efforts to shut them out.

Used-car loans have long been known to be part of illicit fund-raising schemes run by gangsters. In one often-used method, gang members conspire with a dealer to buy a car — like a slick, black Mercedes-Benz of the type favored by gangsters here — for a far higher amount than the usual asking price, then apply for a used-car loan to cover the inflated price. The scheme gives gangsters access to easy financing; the car can be sold or fitted with new license plates so it can be used to apply for further loans, according to local news reports.

Members of organized crime groups are not supposed to have such access to financing from big banks like Mizuho as a result of a 1991 law that made money-laundering illegal. Since then, the Japanese authorities have bolstered rules requiring that banks more vigorously scrutinize potential clients to check for any ties to organized crime. Mizuho said its loan officials typically checked applications against its nationwide database of known members of organized crime groups and their associates.

But the auto loans in question, about 230 transactions totaling about $2 million, were made by the Orient Corporation, a much smaller consumer financing company affiliated with Mizuho that carried out far less stringent background checks on potential buyers, the report from the outside panel said. Last week, an investigation by the daily Mainichi Shimbun said used-car loans from Orient, known as Orico, were typically approved in about 15 minutes with minimal identification checks that were conducted by fax.

Mizuho periodically bought up bundles of these loans from Orico and did not stringently check each loan, the report said. When some gangster-linked loans came to light during a routine internal inspection, Mizuho instructed Orico not to give further loans to those gangsters. But it did not cut off existing loans or inform the authorities.

The bank initially said that knowledge of the matter went only as far as the bank’s compliance officers but later acknowledged that Mr. Sato and other members of Mizuho’s board had been aware.

Mizuho Financial Group Inc. President Yasuhiro Sato gave up six months of pay for failing to stop loans made to yakuza crime syndicates. Takashi Tsukamoto will also forgo a half year’s compensation and give up his role as chairman of Mizuho Bank Ltd., keeping his post at the parent company.
Pain, Shame
No leading bank executives have been jailed since the global financial crisis. The largest lenders are so big that criminal charges could threaten the global economy, U.S. Attorney General Eric Holder said in a Senate hearing this March, saying that made it “difficult for us to prosecute.”
Executive-suite alterations, docked pay and company fines need to be paired with criminal prosecutions, according to Jennifer Taub at Vermont Law School.
“You have to have some kind of pain,” she said, “and some kind of shame.”

[earlier]
The US has targeted organised crime by freezing the financial assets of two groups – Japan’s Yamaguchi-gumi yakuza group and the Brothers’ Circle.
The Brothers’ Circle (f.k.a. Family of Eleven; f.k.a. The Twenty) is a Transnational Criminal Organization, multi-ethnic criminal group composed of leaders and senior members of several Eurasian criminal groups largely based in countries of the former Soviet Union

The Department of the Treasury said it was also freezing the assets of key members, including Yamaguchi-gumi leaders Kenichi Shinoda.and Kiyoshi Takayama

Identifiers

KHRISTOFOROV, Vasily Alexandrovich (a.k.a. KHRISTOFOROV, Vasiliy; a.k.a. “VASYA”; a.k.a. “VOSKRES”), Murjan 6 Sector, Tower D01-T03.1, Apartment 401, Dubai 39409, United Arab Emirates; DOB 12 Mar 1972; POB Gorky Oblast, Russia; National ID No. 76481815 (United Arab Emirates); Passport 63-7186356 (Russia) (individual) [TCO]

KOLBAYEV, Kamchybek Asanbekovich (a.k.a. KOLBAEV, Kamchibek; a.k.a. KOLBAYEV, Kamchy; a.k.a. KOLBAYEV, Kamchi; a.k.a. KOLBAYEV, Kamchibek; a.k.a. “KAMCHI BISHKEKSKIY”; a.k.a. “KOLYA-BISHKEKSKIY”; a.k.a. “KOLYA-KYRGYZ”), Bahar 1 Sector, C09-T02 Tower, Apartment 3203, Dubai 31672, United Arab Emirates; Volokolamskoye Shosse, House 15/22, Moscow, Russia; DOB 3 Aug 1974; alt. DOB 1 Jan 1973; POB Cholpon-Ata, Kyrgyzstan; citizen Kyrgyzstan; Passport A0832532 (Kyrgyzstan) expires 17 Mar 2009 (individual) [SDNTK] [TCO]
LEONTYEV, Vladislav Vladimirovich (a.k.a. LEONTIEV, Vladislav; a.k.a. LEONTIEV, Vlantislav; a.k.a. LEONTYEV, Vyacheslav; a.k.a. LEONTYEV, Vadim; a.k.a. LEONTYEV, Vadik; a.k.a. “BELOBRYSYY”; a.k.a. “BELYY”), Al-Fattan Building, Dubai, United Arab Emirates; DOB 5 Jul 1971; POB Gorky, Russia; alt. POB Caracas, Venezuela; National ID No. 60229551 (United Arab Emirates); Passport AB4065216 (Greece); alt. Passport H2214925 (Ghana); alt. Passport C1602418 (Venezuela) (individual) [TCO]

MANUYLOV, Aleksandr Leonidovich (a.k.a. MANUILOV, Alexander; a.k.a. MANUYLOV, Alexander; a.k.a. “SASHA SAMARSKIY”); DOB 3 Mar 1962; POB Russia; Passport 3056306 (Russia) (individual) [TCO]
RAKHIMOV, Gafur Akhmedovich (a.k.a. RAKHIMOV, Gofur-Arslonbek; a.k.a. RAKHIMOV, Gafur-Arslanbek Akhmedovich), The Meadows, Villa Number 64, Sheikh Zayed Road, near Emirates Hills, Dubai, United Arab Emirates; DOB 22 Jul 1951; POB Tashkent, Uzbekistan; National ID No. 03101200302034752 (United Arab Emirates); Passport CA1804389 (Uzbekistan); alt. Passport CA1890392 (Uzbekistan) (individual) [TCO]
SHAYBAZIAN, Lazar Gurgenovich (a.k.a. SHAYBAZYAN, Lazar); DOB 1 Apr 1966; Passport CA2485930 (Uzbekistan); alt. Passport CA2179793 (Uzbekistan) (individual) [TCO]

SHINODA, Kenichi (a.k.a. TSUKASA, Shinobu); DOB 25 Jan 1942; POB Oita Kyushu, Japan (individual) [TCO]
TAKAYAMA, Kiyoshi ; DOB 5 Sep 1947; POB Tsushimasi, Aichi Prefecture, Japan (individual) [TCO]

ZAYTSEV, Aleksey Alekseyevich (a.k.a. ZAITSEV, Alexei; a.k.a. ZAYTSEV, Alexey); DOB 7 Sep 1965; POB Leningrad, Russia; National ID No. 74914883 (United Arab Emirates); Passport 63-4604880 (Russia); alt. Passport 4103417473 (Russia); alt. Passport H2029462 (Ghana) (individual) [TCO]
YAMAGUCHI-GUMI (a.k.a. ROKUDAIME YAMAGUCHI-GUMI; a.k.a. SIXTH YAMAGUCHI-GUMI), 4-3-1 Shinohara-honmachi, Nada-Ku, Kobe City, Hyogo, Japan [TCO]

salaru_nato20cropped

Vladimir  Plahotniuc, right

 

 

A money laundering investigation led by police in Moldova and Latvia has been running for three years. Registered firms played a prominent role in the money laundering network – and the UK’s high street banks processed $740m from the operation without turning back any of the payments
The banking records were obtained by the Organized Crime and Corruption Reporting Project (OCCRP) and Novaya Gazeta from sources who wish to remain anonymous. OCCRP shared the data with the Guardian and media partners in 32 countries.

The documents include details of around 70,000 banking transactions, including 1,920 that took place in the UK and 373 in the U.S.
NCA had been in touch with the authorities in Moldova since 2014 about the Global Laundromat, which he described as “big and pretty unusual”.
Twenty million transactions go through the City and in trades through the money markets each day. A vast amount of business, and only a small amount will be money laundering.

“It’s the size of the challenge which is the problem. It’s beyond a human scale. The sophisticated money launderer will know the tolerances that will trigger alerts. There are pretty smart guys out there. This needs more sophisticated solutions than throwing people at it. It’s not just about the size of the staff.

[December 12 2016 Vladimir Plahotniuc, the country’s main nominally pro-European oligarch]

The election of the pro-Russian socialist Igor Dodon as Moldova’s new president obscures the fact that Vladimir Plahotniuc, the country’s main nominally pro-European oligarch won most from the outcome.Throughout the whole of last year and the first half of 2016, the small, poor republic was shaken by anti-government protests in which tens of thousands of angered citizens took to the streets. The catalyst for the protests was that $1 billion had been syphoned out of three Moldovan banks, seemingly with the connivance of high-level officials.

An apparent paradox of the protests was that people flew European Union flags while demanding the resignation of a pro-European government. But a broad coalition of forces supported the protests, including both the pro-Russian Dodon and the pro-European Sandu.

Throughout its post-independence history, Moldova has fractured on East-West lines, so this union of different forces was unprecedented. Opposition politicians of different allegiances put away their party flags and selected white chrysanthemums as the neutral symbol of the protests.

They were united by an anti-corruption agenda and by a common enemy—the oligarch, Deputy Chairman of the ruling Democratic party Vladimir Plahotniuc. Despite not holding the highest office, Plahotniuc was well known to control the government, the parliament, and the largest media conglomerate in the country.

Moldova’s Constitutional Court had frequently made rulings in Plahotniuc’s favor, and on March 4 this court put an end to the short-lived protest movement. One Friday evening, it decided to repeal the amendment to the Moldovan constitution, enacted in 2000, under which the head of state, the president, has limited powers and is elected by parliament. As the current president, Nicolae Timofti, was set to leave office in March, the court effectively fired the starting gun for the next presidential election.

 

 

[June 20 interoperability of Moldovan forces proceeds ]

Moldovan forces receive American training

According to LTC Tudor Martea, Commander of Special Forces Battalion “Fulger”, the exercises included 4 modules of training: advanced firing techniques, close quarters combat, artillery fire call, and a field training exercise.

U.S.role

Several media outlets surround the Minister of Defense of Moldova, Aratal Salaru, to ask him some questions regarding America’s presence in Moldoava during a static display in Chisinau, Moldova, May 5, 2016.

LTC Martea mentioned that within the exercise, over 80 service members were trained by their American colleagues to carry out different missions. Also, they carried out shooting drills with heavy and light infantry weapons of National and US Armies.
June 7, 2016 WARSAW, Poland — Poland has kicked off its joint multinational exercise with heavy US Army participation in order to test readiness and interoperability using 31,000 soldiers from 24 countries, 100 aircraft, 12 vessels and 3,000 vehicles.

[October 8 2015 nuclear smuggling

Oleg Balan, Moldovan Minister of Interior

Oleg Balan, Moldovan Minister of Interior

The United States and Moldova have been working together for years to counter nuclear smuggling, said Eric Lund, spokesman for the Department of State’s Bureau of International Security and Nonproliferation.

• In July 2010, police seized 1.8 kilograms of Uranium 238, known as yellowcake, in a garage in Moldova’s capital, Chisinau. The uranium was worth €9 million ($10.1 million at today’s rates), but the suspects had tried to sell the uranium for €5 million ($5.6 million). Seven people were arrested, including two officers of the former Soviet army.

At the time, Moldova said it wasn’t sure where the uranium came from.

• In 2011, seven people were caught trying to sell 1 kilogram of Uranium 235 that had come from Moldova’s separatist Transnistria region. The suspects had sold a sample to undercover investigators. One of the suspects escaped, though others were arrested. A year later, an appellate court in Chisinau freed three and sentenced the rest to three to five years in jail.

When uranium is mined, it is 99.3% Uranium 238 and 0.7% Uranium 235, the Nuclear Regulatory Commission says.

Nuclear reactors must have a higher concentration of Uranium 235 than naturally exists in the mined material, so the U 235 isotope is enriched to about 5%, the commission says.

• In February 2015, authorities arrested two Moldovans in the capital on suspicion of trying to sell a half kilogram of radioactive Caesium 135. The arrest came after the suspects sold a sample of 83 grams for €100,000 ($112,440).

Moldovan authorities cooperated with the FBI in all three investigations, Balan said.

[August 10 Moldova: bank failures prompt IMF visit]

An IMF mission was now expected to visit from September 21 to look at prospects for a new support program after bamk failures.
Fraudsters in Moldova in November 2014 pulled off a $1 billion bank theft, led in turn to the bankruptcy of the country’s three major banks, a currency crisis, and a sharp economic slump. The mechanisms used for shifting the funds from BEM and Banca de Sociala – in particular the tell-tale use of Scottish shell companies established at the same addresses – repeat the mechanisms used in previous corporate raids and major money-laundering schemes in Moldova. This suggests that at least the engineers of the scheme were high-placed Moldovan insiders. But why would high-placed insiders implement such a scheme for the benefit of an outsider such as 28-year-old businessman Ilan Shor ? Or is Shor rather a proxy or fall guy for them?
The Scottish shell companies involved, Manitoba Management Limited, was registered at the 41 Duke Street address; another two companies, Dixon Corporation and Ayden Management Limited, were registered at 69 Brunswick Street and 71 Brunswick Street, respectively. Fortuna Limited and Novland Limited, were registered at the 18/2 Royston Mains Street address.

[May 21 Moldova at Riga EU meeting tempted by Russia]

While the European market is much bigger and richer than Russia’s, Mr. Putin imposed tight trade restrictions in 2013 on Moldova in retaliation for its flirtation with the West. For now, exports to Europe have not yet risen enough to make up for what was lost in Russia

Apr 21, 2015 “Wind Spring 15” – NATO military exercise in Romania, near the Moldovan and Ukrainian border
“Wind Spring 15” – Over 2.000 military and 500 army vehicles, of which 400 tanks and armored vehicles, involved in a NATO military exercise in Romania, at the Smardan firining range in Galati county, near the Moldovan and Ukrainian border.

[March 21 Russia warns against U.S. military maneuver, convoy of 120 U.S. Army Strykers departs Estonia]

Comanche Troop, 3rd Squadron, 2nd Cavalry Regiment provide security in Stryker armored vehicles) in Hohenfels, Germany,

Comanche Troop, 3rd Squadron, 2nd Cavalry Regiment provide security in Stryker armored vehicles in Hohenfels, Germany,

A “Dragoon Ride” will take 3rd Squadron, 2nd Cavalry Regiment, troops from training locations in Estonia, Lithuania and Poland and convoy them through Latvia and the Czech Republic to Vilseck.The US Army squadron wrapping several months of training with allies in Poland will take its Strykers through the Baltics March 21 through April 1, stopping in a new community each night. The vehicles are part of an armored brigade’s worth of equipment the Army plans to station in Europe. The U.S. military maneuver, set to begin March 21, will involve a convoy of 120 U.S. Army Strykers. Over ten days, the eight-wheel-drive combat vehicles will stop in a different border area community each night to showcase the ability of U.S. forces to transport troops quickly, and to assure Estonia, Latvia, Lithuania and Poland of NATO’s commitment.

Such an exercise, Russia’s foreign ministry said March 20, undermines the Russia-NATO Founding Act. “According to our estimates, in case of the deployment of U.S. armour on the permanent basis on NATO’s eastern flank in the mentioned amounts there will emerge solid reasons for calling in question the alliance’s compliance with these liabilities.”

March 6 Riga summit, on 21-22 May 2015: “deliverables”]

The Eastern Partnership (EaP) is the EU initiative covering relations with Ukraine, Moldova, Belarus, Georgia, Armenia and Azerbaijan. It is the wish of the hosts that all countries be represented at the level of heads of state and government, this was a decision to be taken by consensus among the 28 member countries. The previous such summit, held in Vilnius in November 2013. Member states had no consensus on offering membership perspective to the Union to any of the countries covered. Some EU countries wanted “deliverables” a jargon term for the possibility of granting a visa-free regime to Ukraine and Georgia. In EU jargon, this is called “visa liberalisation”, while “visa facilitation” is offered to countries less advanced in the process of lifting the visa barrier with the EU.

[February 25 2015 U.S. Army Second Cavalry Regiment in military parade to mark Estonia’s Independence Day.]

The soldiers from the U.S. Army’s Second Cavalry Regiment were taking part in a military parade to mark Estonia’s Indepen- dence Day.

[February 24 Moldova:pro-Western businessman the country’s next Prime Minister.]

Moldovan lawmakers voted February 20 to appoint pro-Western businessman  Chiril Gaburici as the country’s next Prime Minister.

Moldovan lawmakers voted February 20 to appoint pro-Western businessman Chiril Gaburici as the country’s next Prime Minister.

[February 17 Moldova: a slumping domestic economy]
The leu has lost 25 percent against the dollar since the start of 2015, pressured by a rapidly slowing domestic economy, a currency crisis in Russia and conflict in Ukraine. Former Soviet countries are feeling the pain as Russia, for many the main trading partner, suffers from Western sanctions over Ukraine and a weak oil market, which sent the rouble down about 40 percent against the dollar last year. Moldova’s economy, which grew 9.2 percent in 2013, is expected to have contracted by up to 2 percent last year. “The national exchange rate mirrors the economic situation, which was hit by three shocks,”citing a Russian embargo on Moldovan wine and certain food products, a decline in exports, and a fall in remittances from migrant workers, 400,000 of whom work in Russia.

[January 27 Moldova: Two pro-European parties plus Communists may form government]
Two pro-European parties have agreed to form a minority government in Moldova but will need support from the Communist Party to pass legislation. They have 42 seats in the 101-seat legislation. The Communists, with 20 seats, say they will support the government depending on who is proposed as prime minister.

[January 1 Putin Christmas wish, U.S. Marines in Balti]

U.S. Marines train with Moldovan Force

U.S. Marines train with Moldovan Force

December 31 2014: In a New Year’s address Russian President Vladimir Putin wished Moldovan President Nicolae Timofti a Merry Christmas and “expressed hope” that the two countries would work together “in order to strengthen regional stability and security.” Some experts fear that the eastern pro-Russian Moldovan territory of Transnistria, which borders Ukraine, will be the next area in Eastern Europe to take up a violent separatist campaign with the help of Russia.

January 1, 2015: U.S., Marines headed into the small, former Soviet republic to talk anti-armor best practices with local troops. A mix of about 15 assaultmen and anti-tank missilemen with the Romania-based Black Sea Rotational Force arrived in Balti, Moldova for the weeklong joint training exercise.
The detachment of Marines led a mix of conscripts and career soldiers with varying specialties — most were artillerymen — in discussions about doctrine, tactics, techniques and procedures. The event, which included a live-fire exercise, saw the troops use the FGM-148 Javelin, AT4 Anti-Tank Weapon and shoulder-launched multipurpose assault weapons, as well as Moldova’s rocket propelled grenade system and 70mm recoilless rifle.
First Lt. Ben Skarzynski, executive officer for the rotational force’s weapons company who oversaw the exercise, would only go so far as to describe it as giving the Moldovans the “capability to provide for themselves.”

;December 20 Putin forgets Moldova]

Russia is estimated to have approximately 1,500 soldiers in Transnistria who are there to guard old Soviet weapon stockpiles. Russia also claims to enforce peacekeeping purposes following the 1992 conflict between the region and Moldova.

Russia is estimated to have approximately 1,500 soldiers in Transnistria who are there to guard old Soviet weapon stockpiles. Russia also claims to enforce peacekeeping purposes following the 1992 conflict between the region and Moldova.

“We have basically only two bases abroad, and those are in terroristically dangerous directions: in Kyrgyzstan after militants from Afghanistan entered that country, at the request of the Kyrgyz authorities, and in Tajikistan — also on the border with Afghanistan.”
in Transnistria, Russia keeps about 1,500 troops in the Moldovan breakaway republic, based in the de facto capitol Tiraspol as well as in the Bender Fortress. On August 4, Moscow accused Moldova and Ukraine of trying to block Russia’s access to its troops in Transdniester.

Moldova is one of the poorest countries in Europe, and it relies heavily on remittances from the several hundred thousand Moldovan citizens working in Russia. Most Moldovans convert the rubles they earn into dollars or euros before
[December 17 MEPS compensate Moldova’s producers for their Russian losses]

Moldova will be able to export up to 40,000 tonnes of fresh apples, 10,000 tonnes of fresh table grapes and 10,000 tonnes of fresh plums to the EU duty free, thanks to a proposal backed by MEPs on Wednesday. This should compensate Moldova’s producers for their losses due to Russia’s politically-motivated ban on imports of Moldovan produce.

Moldova will be able to import duty-free

40,000 tons of fresh apples (= 0.4% of EU output)

10,000 tons fresh table grapes (= 0.6% of EU output)

10, 000 tonnes fresh plums (= 0.7% of EU output)

Most of these imports are likely to go to Romania.

MEPs approved the concession by 551 votes to 67, with 23 abstentions.

[December 2 pro-EU parties had around 44% while the opposition had around 40% in parliamentary elections]

Wedged between Ukraine and EU member Romania, Moldova has a breakaway region, Transnistria, which appealed to Russian President Vladimir Putin for recognition in April. The government joined Ukraine and Georgia in signing association agreements with the EU in June.

Wedged between Ukraine and EU member Romania, Moldova has a breakaway region, Transnistria, which appealed to Russian President Vladimir Putin for recognition in April. The government joined Ukraine and Georgia in signing association agreements with the EU in June.

The United States congratulates the people of Moldova on the November 30 parliamentary elections, another milestone in their nation’s democratic development. The OSCE’s Office for Democratic Institutions and Human Rights (ODIHR) found that the technical conduct of the elections yesterday was in line with international standards and norms. We share ODIHR’s concern with the decision of Moldova’s Central Election Commission to remove one party from the ballot only a few days before the elections.

[earlier]With nearly 80% of votes counted, the three pro-EU parties had around 44% while the opposition had around 40%.

The subsequent inevitable tough bargaining will be watched closely by Russia.

[November 30 Moldova’s central election committee declares elections valid]
With about 30% of the vote counted, the pro-Russian Socialist Party was in the lead with about 23%, election officials said. The main opposition party – the Communist Party – was running a close second with 20%.

The Liberal Democrats, who want Moldova to achieve EU candidate status by 2017 and full membership by 2020. They were polling about 18%.

Its coalition partner, the Democratic Party, was polling about 16%.

The most strongly pro-EU and pro-Nato party, the Liberals, was on about 7%.

Tough post-election bargaining is predicted.

About 2.7 million people are eligible to cast their ballots, electing a single-chamber 101-seat parliament by a system of proportional representation. The turnout was just under 56%.

[Earlier]Moldovans are voting in parliamentary elections November 30. German Chancellor Angela Merkel told Russian President Vladimir Putin in a telephone conversation not to attempt to destabilize Moldova, on March 23.
On March 23, the North Atlantic Treaty Organization’s top military commander warned that Russia had a “very sizable” force on Ukraine’s eastern border that could easily pass through Ukraine to seize Moldova’s breakaway region of Transnistria.
The Russian annexation of Crimea is threatening to reignite a conflict in an often forgotten corner of Europe: the self-styled breakaway republic of Transnistria.
Transnistria, a thin strip of land sandwiched between Ukraine and the former Soviet republic of Moldova, has close ties with Moscow. Last week lawmakers in the region formally asked the Duma, Russia’s parliament, if it could
Ms. Merkel nonetheless reiterated Germany’s position that it won’t recognize the annexation of Crimea, Mr. Seibert said.
Moldova’s central election committee declared the elections valid with turnout at 39.2 percent of voters as of 3:30 p.m. local time, Interfax reported, citing the body’s chairman, Yury Chokan.

[February 28 MAKO Group’s Oleksandr Yanukovych and deposed president, Viktor Yanukovych have Swiss assets seized, also Austria and Liechtenstein]

In early 2014 Oleksandr Yanukovych personal assets were claimed to be over $500 million

In early 2014 Oleksandr Yanukovych personal assets were claimed to be over $500 million

Geneva’s chief prosecutor’s office searched the premises of a company owned by Oleksander Yanukovych. The Swiss authorities have frozen all assets of Ukraine’s deposed president, Viktor Yanukovych, and launched a money laundering investigation into him and his son.
The foreign ministry said all assets and bank accounts held by Yanukovych and 19 other people of his entourage in Switzerland were blocked

Austria and the principality of Liechtenstein announced a similar asset freeze.

Yanukovych’s MAKO Group of companies (majority shareholder is Oleksandr Yanukovych) was assessed by (auditor) PricewaterhouseCoopers as having $212 million in assets in 2011, grossing $663,000 from sales.[10] (In March 2012 Yanukovych’s net worth was estimated to be at least $130 million by Kyiv Post.[2]) In 2011 time MAKO consisted of 16 enterprises located in Ukraine, Switzerland and the Netherlands and it employed some 700 people in 2011.MAKO Group is primarily involved in property development and construction, banking, and the export of high-grade coal. MAKO started to grow heavily since 2010. Before 2013 the company had denied it has bid for government public procurement contracts, taking part in government privatizations of state assets, or being involved in the extraction of natural resources. In November 2012 Forbes Ukraine reported that companies linked to (Oleksandr) Yanukovych in 2012 at no cost had taken over majority stakes worth an estimated $10 million in five coal enrichment plants from the state.[ This had been denied by Yanukovych; he claimed it was Black PR aimed against his father. As of February 2013 Forbes Ukraine claims (Oleksandr) Yanukovych earned most in Ukrainian Public Procurement contracts then any other businessmen since the beginning of 2012.[12] Forbes.ua reported in February 2014 that in January 2014, for example, his businesses won 50% of all state tenders.
In early 2014 his personal assesses were claimed to be over $500 million

money-laundering-e1341852512165

 

NSA may have accessed the SWIFT network through service bureaus. SWIFT service bureaus are companies that provide an access point to the SWIFT system for the network’s smaller clients and may send or receive messages regarding money transfers on their behalf.

[March 10 OPL 245 oil block grant to Shell by Nigeria]

 

2035

Former oil minister

http://royaldutchshellplc.com/2017/03/10/shell-confirms-several-countries-investigating-opl-245-scandal/

 

[March 6.  Guy Colegate and John Copleston, MI6, JP Morgan money laundering]

Two payments of $400m each were wired through JP Morgan in London as the spoils of a huge deal to develop a Nigerian oilfield involving Shell, its joint venture partner the Italian oil giant Eni, and the government in Abuja. In allegations made by an Italian prosecutor
Fabio de Pasquale, whose previous scalps include former Italian leader Silvio Berlusconi. Charges involve the money from the sale of Nigeria’s Oil Prospecting Licence 245 (OPL 245), a huge block off the coast of west Africa estimated to contain 9.3bn barrels of crude: enough to power the continent for seven years. Shell and Eni eventually prevailed, paying $1.3bn to the Nigerian government to secure the field in 2011.

However, within days the bulk of the money was transferred through JP Morgan in London to a convicted Nigerian money launderer – a man with whom both Shell and Eni had been negotiating. Guy Colegate and John Copleston, were identified by De Pasquale in legal documents as having “previously worked for MI6”.

Copleston was a “strategic investment adviser” at Shell who, as the UK’s former intelligence representative in Nigeria, had nurtured contacts at the highest levels of the country’s military and government. Colegate worked as a “business adviser”, compiling regular intelligence briefings on the main actors in the OPL 245 negotiations

 

[January 21 Deutsche Bank’s $462m Italian connection]

rossi

David Rossi

 

 

 

David Rossi, 51, a communications director at Monte dei Paschi di Siena, fell three stories from the bank’s Italian headquarters in March 2013.Reuters
Two days prior to his death, according to his wife, Rossi sent a cryptic email to the bank’s CEO, Fabrizio Viola. “I want guarantees of not being overwhelmed by this thing,” he wrote. “We would have to do right away, before tomorrow. Can you help me?”It remains a mystery what specifically Rossi thought could “overwhelm” him just before his death, but many have speculated that he was referring to Monte Paschi’s troubled financial position.

Rossi was a close confidant of former bank president Joseph Mussari, who was the driving force behind Monte Paschi’s 2008 $7.5 billion takeover of Banca Antonveneta. Many banking analysts agreed at the time that Monte Paschi paid too much in the acquisition that Deutsche Bank
http://nypost.com/article/why-are-so-many-bankers-committing-suicide/

https://www.bloomberg.com/news/features/2017-01-19/how-deutsche-bank-made-367-million-disappear

[November 10 2016 Deutsche Bank’s  capital ratio boosted after Hua Xia sale ]

 Hua Xia Bank Ltd

Wang Yaoting’s employer Hua Xia

The European Central Bank said it had agreed to include Deutsche Bank’s sale of its stake in lender Hua Xia in stress test results earlier this year after Chinese authorities gave assurances the deal would be approved. The inclusion of the stake in the stress test calculations boosted Deutsche Bank’s common equity tier-one capital ratio, a closely watched measure of financial strength, in the adverse scenario modelled as part of the exercise, from 7.4 per cent to 7.8 per cent.

[June 2015 Deputy head of Hua Xia Bank Ltd part-owned by Germany’s Deutsche Bank, arrested
Shares in Hua Xia Bank Ltd , a Beijing-based lender part-owned by Germany’s Deutsche Bank, fell more than 6 percent on May 4 a day after the Chinese bank said a deputy head and vice president was under investigation for suspected disciplinary violations.
The Beijing branch of of the CPC Beijing Municipal Commission for Discipline inspection, the governing Communist Party’s anti-corruption body, has opened a case against Wang Yaoting, Huaxia Bank received the “CPC Beijing Municipal Commission for Discipline Inspection filing a written decision”, to initiate disciplinary action for the bank’s vice president Mr. Wang Yaoting who was taken away for the investigation,

Wang Yaoting was born in July 1963 , Ph.D., senior economist. Former people’s Bank China education department deputy director of the Department of materials; Huaxia Bank Securities and director of the securities business department general manager, assistant president and general manager of the business department, Hangzhou branch of Huaxia Bank, Huaxia Bank, party secretary, assistant president, vice president, Party committee of Huaxia Bank (director of the general manager, and information technology department from project development office). Since 2007, as vice president of the Party committee, Huaxia bank. Wang Yaoting 2014 annual salary of 2120,000 yuan [342,018 US Dollars].
Deutsche Bank’s subscription is part of a private placement of shares to its three largest shareholders In April 2011, holders with an overall issuance value of up to RMB 20.8 billion (approx. EUR 2.3 billion). Subject to regulatory approvals, this investment will increase Deutsche Bank’s equity stake in Hua Xia Bank from 17.12% of issued capital to 19.99%, the Company issued 1,859,197,460 shares subject to restrictions on sales in a non-public manner to Shougang Corporation, Yingda International Holdings Corporation, Ltd. and Deutsche Bank Luxembourg S.A., who subscribed to 691,204,239 shares, 653,306,499 shares and 514,686,722 shares, respectively. The shares that the said investors subscribed to are locked for 60 months from 26 April 2011. The Company will apply to the Shanghai Stock Exchange (“SSE”) for the non-public offering of these shares on 26 April 2016

[February 2 Gao Jue: JPMorgan Chase China investigated under Foreign Corrupt Practices Act]

Gao Jue declined to comment through his current employer, Goldman Sachs Group Inc.

Gao Jue declined to comment through his current employer, Goldman Sachs Group Inc.

JPMorgan Chase & Co is under federal scrutiny over hiring the son of China’s Commerce Minister Gao Hucheng. Gao Jue started work in the summer of 2007. Mr Gao started working for Goldman in 2013 and is now in the bank s natural resources group in Hong Kong.
Gao Hucheng, who was promoted to minister in March 2013, offered to “go extra miles” for the investment bank if it spared his son during a major layoff.

The hiring is under scrutiny from U.S. authorities who are investigating the Asian hiring practices of JPMorgan and other banks.

Federal prosecutors view Gao Jue’s hiring as a potential violation of the Foreign Corrupt Practices Act, Gao Hucheng and his son are not accused of any wrongdoing. more JPMorgan China

[September 18 2014 Deutsche Bank, under scrutiny, wants money back from Zhang Hongli]

Zhang was said to have taken a steep pay cut to join ICBC. In a press release, Deutsche Bank said Zhang was “to follow [a] government call” to join ICBC.

Deutsche Bank is demanding that Zhang Hongli, now senior executive vice-president of the Industrial and Commercial Bank of China (ICBC), repay Deutsche Bank US$3.9 million. He held the dual posts as China chairman and head of global banking for Asia-Pacific ex-Japan at Deutsche Bank. Regulatory scrutiny of investment banks in the US has expanded into hiring practices in China. The US authorities are looking into whether large banks, including JPMorgan, hired the children of China’s rich and powerful to win lucrative IPO deals. The money went to an offshore company held by his relative.
Zhang caused the Hong Kong branch of Deutsche Bank to move US$3.9 million to the account of a company called Harperskille at the Shenzhen branch of China Merchants Bank. The money was a commission to Harperskille for helping Deutsche Bank secure a deal to become an underwriter for the public listing of China Shenhua Energy – the world’s second-largest initial public offering in 2005. China Shenhua was listed in Hong Kong in June that year, raising US$3.3 billion. Deutsche Bank, Merrill Lynch and China International Capital Corp got the business, defeating Citigroup and Goldman Sachs. Zhang insisted that the transfer was proper and that he had received verbal approval from senior Deutsche Bank management before the transfer was made.
It is a customary practice among investment banks, particularly those from Europe, to pay a middleman commission for bringing in lucrative deals.
Zhang’s appointment with ICBC – the world’s biggest bank by total assets – in April 2010 made him the first Chinese employee of a Western financial institution to be recruited as a senior manager at a state lender.
The 49-year old is also a member of the national committee of the Chinese People’s Political Consultative Conference.
During his 10-year stint at Deutsche Bank, Zhang was known as a prolific dealmaker. Apart from the Shenhua Energy IPO, he was also instrumental in helping ICBC’s record-breaking US$19 billion listing and that of China Life.

[August 15 Global Special Opportunities Group: JPMorgan China selling while under scrutiny]

PMorgan is hoping to fetch $1 billion for its Asia-based Global Special Opportunities Group. But interested buyers should consider the recent turmoil the bank has encountered in China.

JPMorgan has put its Asia-based Global Special Opportunities Group on the block, hoping to fetch a cool $1 billion from the sale. The bank has been shopping the group around to a number of private equity firms and credit-focused hedge funds that apparently want greater exposure to the fast-growing Asian — and by Asian we really mean Chinese — credit markets.

The impetus behind this sale may have to do with all the heat JPMorgan has taken recently over its controversial Chinese hiring practices. The firm is supposedly under investigation by U.S. authorities for allegedly hiring the sons and daughters of Chinese officials in an attempt to gain access to China’s massive state-controlled companies.

[August 13 Chinese trial balloon for an extradition treaty with U.S. after Xi Jinping’s corruption crackdown]

Hurun Research Institute polled wealthy Chinese emigrants about their reasons for leaving the mainland. The most frequent responses were education (21 percent), pollution (20 percent), food safety (19 percent), social welfare (15 percent), health care (11 percent), wealth security (8 percent), and childbirth/obtaining foreign citizenship for their children (4 percent). To be sure, if “fleeing President Xi Jinping’s corruption crackdown” had been offered as a multiple-choice answer, it’s unlikely that any “economic fugitives” would have answered forthrightly.

More than 150 economic fugitives from China, most of whom are corrupt officials or face allegations of corruption, remain at large in the United States, according to an official from the Ministry of Public Security .Many Chinese economic fugitives still at large in US “The US has become the top destination for Chinese fugitives fleeing the law,” said Liao Jinrong, director general of the International Cooperation Bureau under the Ministry of Public Security.
Figures from the ministry show that during the past decade, Chinese police have brought only two fugitives home to stand trial. One of those was the high-profile fugitive Yu Zhendong, former head of the Bank of China branch in Kaiping, Guangdong province.
Yu was found guilty of corruption and embezzlement of funds of up to $482 million, and was repatriated in 2005 after spending four years on the run.
“We face practical difficulties in getting fugitives who fled to the US back to face trial due to the lack of an extradition treaty and the complex and lengthy legal procedures, ” Liao said.
He said an extradition treaty is essential between the countries but little progress has been made with the US.
Moreover, experts said, US judicial authorities misunderstand the Chinese judicial system and procedures.
“They always think Chinese judicial organs violate suspects’ human rights,” said Wang Gang, a senior official from the America and Oceanic affairs division of the ministry’s International Cooperation Bureau.

[July 23 JPMorgan China names Brett Krause]
JPMorgan Chase said on Wednesday it named Brett Krause to head its locally incorporated bank in China, adding to other recent hires as it rebuilds its leadership team in the country.

Krause, a 20-year banking veteran, was hired as president of JPMorgan Chase Bank (China) Company Limited, the New York-based bank said in an e-mailed statement. He joined JPMorgan in January and previously held leading roles at Citigroup, including senior country officer in Vietnam.

JPMorgan earlier in July said it had hired former UBS AG banker David Li as the new head of overall China business, including investment banking. The bank’s chief executive for China investment banking, Fang Fang, left the firm in March, amid a probe of JPMorgan hiring practices in Asia.

Lilly Chang
Fulmark – JPM China connection

A consultancy firm operated by former premier, Wen Jiabao’s daughter, who often goes by the name Lily Chang, had been paid $1.8m by the US financial services giant JPMorgan, her consulting firm is Fullmark Consultants. The company was set up in the British Virgin Islands by Chang’s husband, Liu Chunhang, in 2004. He is a former Morgan Stanley employee, and he remained as sole director and shareholder until 2006, when he took a job in China’s banking regulation agency. Nominal ownership of the firm was transferred at that time to Zhang Yuhong, a Wen family friend. One purpose for such companies is to allow for the establishment of bank accounts in the company’s name, a legal measure that nonetheless makes tracing of assets a more complicated task.

Data Sheet FULLMARK CONSULTANTS LIMITED
OMIS Code: 19872 Outstanding Debtor Balance: $0.00
Name: FULLMARK CONSULTANTS LIMITED
Status: A ACTIVE
Tax Status: IBC BVI INTERNATIONAL BUSINESS COMPANY
Company Type: STD STANDARD INTERNATIONAL COMPANY
Administrator: OWONG OLIVE WONG
Registration Number: 611836
Incorporation Date: Wednesday, August 25, 2004
Authorised Capital: USD50,000.00
Referral Office: HK
Master Client: ESSLD Equity Secretarial Services Limited
Address: 8th Floor, Nexxus Building,
41 Connaught Road Central,
Hong Kong
Fax: 852 2956 1161
Telephone: 852 2956 1818
E-Mail: co.sec@victorchu.com
Master Client Contact: 2 Teresa Chu/ Ms. Shebby Lo
Directors: Docs Docs
Director Appointed Signed Resigned Signed Type
LIU Chun Hang 10/14/2004 3/16/2006 DIR
ZHANG Yuhong 3/16/2006 DIR
Secretaries:
Shareholders: Shareholder Cert # No Shares Share Acquired Disposal
LIU Chun Hang 1 0 ORD 14-Oct-04 16-Mar-06
ZHANG Yuhong 2 1 ORD 16-Mar-06
Annual Invoice Prof: Annual Fee Item Fee Amount Nominee Name
Renew Coy (TNet Fee) 300.00
Renew Coy (Govt Fee) 350.00
650.00
Previous Names:
Notes: Date Narration Type
08-May-09 Recived the following documents:- ENT

(1) the originally signed Resolutions in Writting of the Sole Director dated 17 August
2007 with the draft deed of waiver

The above-mentioned documents would be forwarded to BVI office shortly.

Olive Wong 8 May 2009
22-Apr-05 Witness: Georgea Hodge – Subscriber: Nicole Wheatley ENT

[June 8]

 Zhu Tong (Rose Zhu) Vice Chairman, China, Deutsche Bank AG


Zhu Tong (Rose Zhu)
Vice Chairman, China, Deutsche Bank AG

Deutsche Bank is being investigated by regulators looking to see whether it hired the children of Chinese government officials as a way to make connections and attract business, a source with knowledge of the probe .

JP Morgan have been probed by U.S. regulators regarding their hiring practices in China. Mar 31, 2014 :Deutsche Bank AG is weighing whether to refrain from working on China General Nuclear Power Group’s initial public offering amid a probe into hiring practices in Asia. Germany’s largest bank employs the daughter of Shenzhen-based China General Nuclear’s chairman, He Yu. He Yu’s daughter Celia isn’t currently working for Deutsche Bank. Celia He was hired in September 2011 by Beijing-based Zhong De Securities Co., which is part-owned by Deutsche Bank She was recruited into Deutsche Bank’s investment-banking department. She has also worked in global credit trading,

[May 30]

class

China Daily graphic 2014/05/30

Fang Fang belongs to the faction of Zeng Qinghong, a former Politburo Standing Committee member

Fang Fang belongs to the faction of Zeng Qinghong, a former Politburo Standing Committee member

Fang Fang is backed by Zeng Qinghong, the No.2 boss of Jiang Zemin’s faction. The news has been publicly reported in China, and is a sign that something has happened with Zeng Qinghong. Zeng had been in charge of Hong Kong and Macau affairs for a long period, and is currently involved in Bo Xilai and Zhou Yongkang’s cases.
Fang Fang is unable to leave Hong Kong and will face further investigation and legal charges. Investment bankers at JP Morgan are hiring lawyers for protection against possible future legal charges.

Fang Fang, who is 48 years old, has a complicated political background. He is a delegate to the CCP’s Political Consultative Conference and the chairman of Hua Jing Society, the Hong Kong branch for CCP princelings.

[May 21]

Fang Fang, former chief executive officer for JPMorgan Chase & Co. (JPM)’s China investment bank

Fang Fang, former chief executive officer for JPMorgan Chase & Co. (JPM)’s China investment bank

Fang Fang, former chief executive officer for JPMorgan Chase & Co. (JPM)’s China investment bank, was arrested by Hong Kong’s anti-graft agency. Fang resigned from the New York-based firm in March amid a U.S. investigation into whether the firm employed people in Asia so that their relatives in government would steer business to the bank, people with knowledge of the probes have said. The bank hasn’t been charged with any wrongdoing.

The banker, a 12-year veteran of JPMorgan, is out on bail after he was released by the Independent Commission Against Corruption without disclosing when Fang was taken in for questioning. He’s restricted from leaving Hong Kong, it said.

Ms. Therese Esperdy serves as the Co-Head of Asia-Pacific Investment Banking at JP Morgan Chase & Co.

Ms. Therese Esperdy, left, serves as the Co-Head of Asia-Pacific Investment Banking at JP Morgan Chase & Co.

Fang reports to Therese Esperdy, the bank’s co-head of banking for Asia-Pacific. Esperdy, who relocated to Hong Kong in 2011 from the firm’s New York headquarters to take charge of its advisory business was made co-head of corporate and investment banking in the Asia-Pacific region the following year.

Ms. Therese Esperdy serves as the Co-Head of Asia-Pacific Investment Banking at JP Morgan Chase & Co. Ms. Esperdy served as the Head of High-Grade Debt Capital Markets of JP Morgan Chase & Co. since November 22, 2004 and also served as its Global Head of Debt Capital Markets. She has been a Non-Executive Director at National Grid plc since March 18, 2014.

JP Morgan. perhaps, hired sons and daughters of senior Chinese officials in the hope of winning deals from major state-owned firms. JP Morgan’s hiring of the son of China Everbright Group’s chairman, Tang Shuangning, and a former railway official’s daughter. JP Morganhas ties, perhaps, with a consulting firm run by Wen Ruchun, also known as Lily Chang, the only daughter of former premier Wen Jiabao.

[May 18]
A Manhattan lawyer jumped to his death out of his luxury Central Park West apartment building May 16. Stephen R. Hertz, a partner at the Third Avenue practice, Debevoise and Plimton LLP, sent a suicide letter to his ex-wife yesterday evening before he plunged out his 22nd-floor window and landed in a tree. A building manager found Hertz, 54, at 9:21 pm mangled in the tree — which had to be cut down to retrieve his lifeless body. Hertz sent the suicide note to his ex-wife who forwarded the email to a psychiatrist who then dialed 911.

Bank of America, led by CEO Brian Moynihan,  called off its 2014 capital plan.

Bank of America, led by CEO Brian Moynihan, called off its 2014 capital plan.

[May 4]
Banks often have applied the fair value option to structured notes like Merrill Lynch’s, in which the payout to the debtholder is tied to changes in some other instrument. BofA properly factored the gains and losses of those notes into its earnings, but regulatory capital excludes unrealized gains and losses – and BofA stripped out more of those changes than it should have.
When making the calculation to get from its capital under accounting rules to its regulatory capital, BofA stripped out “unrealized” changes on those structured notes – i.e., the paper gains and losses on notes it still held. But the bank also stripped out “realized” losses on structured notes that had matured or been redeemed – and it wasn’t supposed to do so.
The error amounted to a difference of more than $4 billion in BofA’s regulatory capital, or about 0.3 percentage point at most in the bank’s future expected regulatory capital ratios, not that much in the scheme of things. But it is significant because it erodes the “buffer” the bank would have in excess of future required minimum capital levels

[March 12]
In 2010, 38,364 suicides were reported, making suicide the 10th leading cause of death for Americans.

http://www.bloombergview.com/articles/2014-03-13/why-are-so-many-traders-literally-killing-themselves

Leonard Morton

former Dewey & LeBoeuf executives Steven Davis, Stephen DiCarmine and Joel Sanders, along with former Dewey accounting employee Zachary Warren, filed into a downtown Manhattan courtroom Thursday to plead not guilty to multiple counts of fraud related to the firm's 2012 collapse.

former Dewey & LeBoeuf executives Steven Davis, Stephen DiCarmine and Joel Sanders, along with former Dewey accounting employee Zachary Warren, filed into a downtown Manhattan courtroom Thursday to plead not guilty to multiple counts of fraud related to the firm’s 2012 collapse.

Clad in suits and handcuffs, former Dewey & LeBoeuf executives Steven Davis, Stephen DiCarmine and Joel Sanders, along with former Dewey accounting employee Zachary Warren, filed into a downtown Manhattan courtroom Thursday to plead not guilty to multiple counts of fraud related to the firm’s 2012 collapse.

Leonard Morton,Manhattan attorney, jumped to his death March 7 from his downtown office building, sources said.
The 44-year-old lawyer leaped from a 12th-floor window at 225 Broadway, landing face down on scaffolding above the sidewalk, according to law enforcement sources.
Police were called to the scene at 7:23 a.m., when responders found the man in cardiac arrest.

[March 5]

Autumn Ratke

Autumn Ratke

It appears bitcoin’s recent turmoil has claimed its first life.

Autumn Radtke, a 28-year-old American CEO of bitcoin exchange firm First Meta, was found dead in her Singapore apartment on Feb. 28.
Local media are calling it a suicide, but Singapore officials are waiting for toxicology test results to determine a cause of death.
Radtke formerly worked with Apple and other Silicon Valley tech firms on developing digital payment systems.
Radtke’s death brings the number of questionable financial-sector deaths this year to eight.

[February 18]

HongKong rooftop jumper

The police said no suicide note was found.An investment banker at JP Morgan jumped to his death from the roof of the bank’s headquarters in Central yesterday.An initial police investigation showed he had recently told a colleague he was under heavy work-related stress, according to a police source involved in the investigation.

Witnesses said the man went to the roof of the 30-storey Chater House in the heart of Hong Kong’s central business district and, despite attempts to talk him down, jumped to his death.

[February 13]
On Feb. 10, the fourth banker in just over a month died of mysteriously causes. Ryan Henry Crane, an Executive Director in J.P. Morgan’s Global Program Trading desk, was found dead at the young age of 37.
Ryan Henry Crane was formerly employed by JPMorgan – a bank which was featured prominently in the news as recently as two weeks ago when another of its London-based employees committed suicide by jumping from the top floor of its Canary Wharf building. Third: Crane was an Executive Director in JPM’s Global Program Trading desk, founded in 1999 by an ex-DE Shaw‘er, a function of the firm which is instrumental to preserving JPM’s impeccable and (so far in 2013) flawless trading record of zero trading losses. – Zerohedge

While details of Crane’s death have not been released, the fact that he was a high level banker within the sphere of banks already involved in other mysterious deaths of three other financiers adds fuel to the fire that a hit list and banker purge may be currently underway.

[August 21 2013]

The punishing hours interns endure at investment banks were highlighted after the death of a young Bank of America Merrill Lynch employee who collapsed at home following three consecutive working days of 6am finishes.

Moritz Erhardt had been coming towards the end of a seven-week pre-graduate internship in London when his body was discovered by flatmates. The circumstances of the 21-year-old’s death are unknown but Scotland Yard is not treating it as suspicious. Mr Moritz was from Freiburg, south west Germany.

Around 300 interns working at various banks stay at the Claredale House student accommodation complex in Bethnal Green for between seven and 10 weeks over the summer.

One intern, who worked at one of the American “bulge-bracket” firms, memorably described the experience of working all night only to start the new day an hour later: “Every intern’s worst nightmare is what’s called ‘the magic roundabout which is when you get a taxi to drive you home at 7am and then it waits for you while you shower and change and then takes you back to the office.”The interns at Claredale House usually were foreigners. They are the star pupils from French, German, Australian, Chinese and Indian universities who arrive in London every summer to put their names into the hat for the City’s most prestigious banking jobs. The “hardcore” internships are the ones on the mergers and acquisitions desks, and last between eight and 10 weeks.

The banks every intern wants to work for — Barclays Capital, JP Morgan, Goldman Sachs, Credit Suisse, HSBC and, of course, Bank of America Merrill Lynch — pay their young charges well. Pro rata salaries of £40,000 or £50,000 mean that they can earn £10,000 for a summer’s work. Goldman Sachs is said to pay even more than that. The work is intense but the rewards are great if you can stand the pace. One former intern says there were 5,500 applicants for the two dozen internship places at his investment house when he did his summer there a few years ago.
A 25-year-old Masters student, one of the non-intern residents at Claredale House, said last night that Erhardt was “working crazy hours” and says most of the residents “work every Saturday and every Sunday”. Can she imagine any of them working 72 hours on the trot? “Yeah, definitely.”

A recent banking intern describes the work that eats up the small hours as “a lot of checking of documents, a lot of Excel, a lot of PowerPoint”. The interns spend a big chunk of their time preparing “pitchbooks” for client presentations, making the case for purchasing an educational group in Australia or a health training group in China.

“We would model the sector, the company, what they should pay for it, who their big guns are, what the challenges are, some ideas about integration and “synergies” — the most popular word in M+A [mergers and acquisitions].”

“When you’re an intern, you get given all the s*** work,” is the blunter summary of an intern arriving back at Claredale last night.

The City “bloodbaths” that have seen hundreds of thousands of workers laid off since the financial crisis hit have had a knock-on effect for the firm’s twenty-something summer helpers. There is anecdotal evidence that interns are doing more of the “client critical” work than they were expected to do a decade ago.

“I’m sure there are horror stories from the Eighties and Nineties all over the internet,” says a junior banker at a big City firm, “but the environment in the last three years has probably added to the idea that one has to keep working into the night, driven on by the fact that each intern is peering over his computer to see which other interns are left.”

The aspirant bankers who stay at Claredale pay between £156 and £168 per week for their small single-study bedrooms in shared flats. There are 246 such rooms in 59 flats over four storeys in the red-brick complex.

[September 25 2012]
Mr Adoboli then expected the market to rise again, which it did, But Mr Adoboli failed to close his position when he had the opportunity. Then the market dropped again, causing him to incur further losses, which he again hid.

Mr Adoboli’s defence, led by Charles Sherrard, claimed management had given mixed signals to traders, and that risk limits were not only high but regarded as flexible. According to Mr Sherrard, a culture of taking greater risks in the hope of generating higher profits had developed after the arrival of Yassine Bouhara, then one of the co-heads of global equities at UBS. “Throughout 2009 and 2011 this method of trading was endemic within the bank,” Mr Sherrard said.
[September 18]Despite seeing £233,000 pass through his NatWest Bank account in the 12 months prior to his arrest Mr Adoboli’s account was overdrawn by £3,594 when he was arrested on September 15 last year, the court was told. Across his four banks accounts and two credit cards the 32-year-old trader owed £4,181. His primary current account showed payments to eight pay-day loan companies including Wageday Advance, Wonga.com, Payday UK and Pounds to Pocket.
[September 14]Adoboli, from Whitechapel, East London, denies four counts of fraud and false accounting between October 2008 and September 2011.
During 2009-2010 when the “off book” trades occurred, Adoboli’s salary rose : beginning at £33,000 with a bonus of £7,500, by 2008 Adoboli was earning a combined sum of £65,000. Just two years later this was £360,000 – a basic salary of £110,000 and a bonus of £250,000 based partly on the bank’s wider performance but also on how much profit an employee brings in.
Adoboli racked up the giant losses undetected through three means. First, he often exceeded the official daily trading limit per employee of $100m. He also failed to hedge trades by making balancing trades to mitigate potential losses, an insurance method that also caps potential profits. By doing so Adoboli hoped to maximise profits and thus his bonus. Finally, he falsified data so as not to record his trades properly, often inventing false clients and trades for hedges.

[Sep 10]A jury was selected at today’s session. Arguments, which had been scheduled to start today at a London criminal court, were pushed back until the end of the week. Sept. 14

After spending nine months in Wandsworth prison in southwest London after his arrest on Sept. 15, 2011, Adoboli has been free on bail for three months.
He worked for the Zurich-based investment bank’s Delta One desk, which handles trades for clients — or risks the bank’s own money — typically by speculating on a basket of securities. The loss, which came from trading in Standard & Poor’s 500, DAX and EuroStoxx index futures, didn’t affect any client positions, according to UBS.

[September 16, 2011]Kweku Adoboli may have been caught out after the Swiss Central Bank unexpectedly devalued the franc last week, producing mammoth losses on his currency trades. Adoboli may have mis-hedged his exposure to the Swiss franc and attempted to hide it from his team when the market moved against him by overcompensating with a hedge in the opposite direction. Any short position on Swiss franc volatility would have suffered after volatilities rose again earlier this week. UBS claims the third largest share in global foreign exchange trading, and is the biggest trader in the euro/franc pairing.
Currency traders around the world either a) counted up the huge amounts of money they made from betting the currency would lose value; or b) counted the losses they’d racked up from betting on the Swiss Franc climbing further in value. Wilful blindness is more than mere negligence: it require knowing there’s a “high probability that a fact exists,” and “the defendant must take deliberate actions to avoid learning of that fact.”
One suspects that, in keeping with what happened at many banks, Kerviel, 33, was encouraged to engage in ever more reckless gambling so long as he made a profit. Then when the plan turned sour, management sought to cover their own backs by claiming his trades were ‘unauthorized’ and blaming the whole thing on him. [the Jerome Kerviel affair ]