Mitt Romney

The Genesis of RomneyWater The real story of Mitt Romney's association with a hedge fund which routinely profited while the companies they controlled failed is not about whether we believe in Capitalism or Wall Street.  We don't begrudge any investor, even a turn-around "vulture" investor, profits when they are earned honestly.  Sadly, Romney's history in the bankruptcy courts is dishonorable.  As the Dirt on Mitt Romney inevitably hits the fan, the series of outrageous acts and bankruptcy misconduct will bloom into its own Whitewater Scandal for Mitt, and we'll call it "RomneyWater" . The sad truth is that Mitt Romney and Bain Capital's dirty hedge fund profiteering was built upon their association with bankruptcy professionals who regularly engaged in bankruptcy misconduct.  The bellwether misconduct we can confidently expect to find when disloyal lawyers cheat an estate is a violation of conflict of interest laws - accompanied by false declarations to a bankrup...

MF Global - Overview

Just in case you haven't formed an opinion yet, Jon Corzine is a dirty crook and the only reason he won't spend many years time in jail is if an incompetent or corrupt (so hard to decide) prosecutor, like Preet Bharara, fails to indict and convict or Obama pardons him.  (More pages on this subject in relation to Prosecutorial Discretion at a later date) Readers who are not associated with the bankruptcy "industry" are expressing an interest in learning how their anger and frustration - with the outrageous status quo acceptance of massive financial fraud - can be channeled into actions to combat corruption.  People want these financial criminals and their legal system enablers brought to justice.  The MF Global bankruptcy case is proving to be just the sort of case where obvious criminal activity before and after  the bankruptcy  filing is headed for another cover-up.   Sadly, the bankruptcy industry's Quid Pro Quo mega case business model is rearing its ugly head. ...

Kasowitz Fee Padding

Kasowitz Benson Torres & Friedman LLP has some dirty laundry hung out for all to see. There is more than enough Fee Padding Smoke  here to meet the requirement that someone pulls a Fire Alarm.  If not now, then the Disciplinary Rules are superfluous and self regulation is a blatant joke.Maybe we shouldn't be surprised that while nearly every business news service was eager to report the headline of the story of a fired associate suing his former law firm for over Million, entrenched media are ignoring the obvious story here about the fee padding schemes within the Kasowitz law firm. Remember Tom Cruise in the The Firm?  The dirty law firm's demise was achieved by exposing their fee padding scheme. SUPREME COURT OF NEW YORK COUNTY OF NEW YORK: COMMERCIAL DIVISION                                         )   GREGORY BERRY,                        ) Index No. 652274/2011       Plaintiff,        ...

Preet's Pungent Pretermission

We are saddened, if not surprised, to learn of yet another government prosecutor who has fallen short of the minimal standard "good enough for government work".  Or maybe it is still too early to assume Preet's legacy will be as lackluster as that of flyboy Thomas P. O’Brien.   But according to The New York Times, it is a fine time to draw attention to Preet Bharara's failure to prosecute obvious Wall Street criminals, particularly including criminals who helped cause the current financial crisis. To be sure, BankruptcyMisconduct is not oft lacking with respect to posing tough questions & offering sharp criticism.  And yet, it was none other than The New York Times who was first to publicly question whether Preet Bharara would be an honest and effective prosecutor.  Excuse our late entry to the chorus of doubters of Preet's Purported Perfection.  So look here at this quite obvious instance of crime by wall street players as Preet poorly implies that a crime wa...

SONICblue's Irish Neo-Mafia "O'Tools"

Happy St. Patrick's Day, and top of the morning to ya! In SONICblue organized crime by lawyers is laid bare for the public to see.  Crime and cover-up was used by one Irish lawyer to try to extort undeserved favorable treatment in the millions of dollars.    In true shameful form we find the crime of Fraud Upon the Court by an entire law firm protected by brethren criminals.  Only an independent claims trader & capitalist had the balls to force the lawyers to answer questions under oath, resulting in the revelation of the organized conspiracy and attempted extortion. 'Tis true one must be quite very sleazy and corrupt of a bankruptcy lawyer when one of your own slaps you around like this: Suzzanne S. Uhland of O’MELVENY & MYERS LLP and their "participation in fraud". Bruce Bennett of Hennigan, Bennett & Dorman LLP conducted an "insidious campaign to corrupt the administration of [the SONICblue] bankruptcy case". Aron O' Liner of Duane Morris LLP takes a "h...

Washington Mutual

"Mork from Ork" wonders: Wouldn't the nations most profitable bankruptcy firm set their prime objective to be the recovery of as much value as possible to the owners of the company? Wouldn't the unprecedented orchestration of events that led to the extra-market demise of WaMu give rise to a broad range of legal claims that would benefit stockholders, claims that should be protected at all costs and pursued?    Robin Williams was loved as "Mork" as he played an alien with an almost child-like innocence as he tried to understand the complexities of human society here on earth. Without a doubt, Mork would have great trouble understanding how some banks had their liquidity revoked while others received quite handsome bailouts. Bailouts that were supposed to lend money to business to get the economy going again, but instead were used to consolidate power among the surviving institutions. Quite funny really, the naiveté of this impish looking alien. Almost like a...

Bruce Bennett's HBD Bankruptcy Stigma Makers

Bruce Bennett's dirty bankruptcy team from Hennigan, Bennett & Dorman Casts A Stigma against their former firm now renamed as Hennigan Dorman LLP as well as their new firm Dewey & LeBoeuf LLP Read our analysis: The nature of the misconduct The dollar magnitude of the inherent financial risk associated with the acquistion to the team's former firm Hennigan Dorman as well as the new firm Dewey LeBoeuf What affects may the misconduct have upon the future profit & loss Possible consequential exposure to clients at these firms - current and future   Why did Dewey LeBoeuf catch a falling knife?  What will ordinary partners and associates at Dewey LeBoeuf think as they learn more about SONICblue, Aureal, and other cases incorporating the Bruce Bennett team's implementation of HBD's famously stated "Outside The Box" strategies? Where are clients gonna go when the Volcano blow?

Roberta DeAngelis U.S. Trustee "in play"

We're glad we aren't Roberta A. DeAngelis because she's just about to be put "in play" where she'll have to make one of those Suzzanne Uhland decisions.  Unfortunately for DeAngelis, the whistle-blower Laser just won't give it up.  Hey, what is BankruptcyMisconduct supposed to do with all of this juicy eToys content anyway?  Did we mention "Free" as in Free Beer? Umm... this particular "problem" is called eToys, and it is not going away honey...  

Andrew Cuomo Protects Bankruptcy Mafia

Andrew Cuomo Protected Organized Crime while masquerading as faithful Attorney General of New York.  Cuomo covered-up Judge James M. Peck's wife beating crime so that he could continue his role enriching organized crime in the Lehman bankruptcy.  The Sad parallels between the corrupt reign of Eliot Spitzer and Andrew Cuomo are epitomized by the failure of Cuomo to investigate the numerous decisions by Spitzer to forgo investigation and prosecution of criminal referrals under the dubious power of prosecutorial discretion.  Cuomo's tacit approval and involvement in the cover up of scandals involving Judge James Peck a/k/a "the BitchSlapper", the WorldCom Whistleblower death threat advice, and eToys are just a few which have surfaced. Only a Federal Special Prosecutor could avoid the conflict of interest issues inherent with having New York's own corrupt justice system purport to investigate itself.  

Petters Company

Petters Company, Inc.  bankruptcy case in Minnesota shows us yet another face of corruption in U.S. Federal Bankruptcy Courts.  Read about the CENSORSHIP against the whistleblowers! Watch the movie trailer of the Petters Fraud documentary:     Read these banned advertisements:   

Paul Bergrin & Eliot Spitzer

Paul Bergrin, Esquire and Eliot Spitzer, #9 are both formerly State Prosecutors and U.S. Attorneys within the U.S. Department of Justice. But these two DOJ alumnae share even more in common.  Read about the direct crime family linkages between Spitzer and Bergrin. Eliot Spitzer paid for prostitution services with one or more hookers who worked for Jason Itzler, who at first was perhaps just a client of Paul Bergrin.  Once Itzler went to prison, Bergrin took over Itzler's prostitution ring and since plead guilty himself. Both of these traitors to their oaths were involved in organized crime.  One was married to Barbara, the other to Silda. They both had "women" on the side, notwithstanding age and profession. One difference: the Spitzer family has much more money to 'buy' prosecutorial discretion. Paul W. Bergrin is facing a murder charge in connection with the killing of a witness against one of his former drug dealing clients.  There have been no public char...

WorldCom Death Threat

 "I see you, I'll kill you"                                             - D. Pick, Esquire Download and read the full transcript of the death threat advice given by the lawyer Doug, to his client in the WorldCom / MCI bankruptcy proceedings before Judge Gonzalez.  Here is a highlighted excerpt.  The full transcript contains details of some other bankruptcy cases, and the lawyer admits that his actions have the appearance of protecting his industry brethren.

New Jersey Neo-Mafia Crime Family

Human Kidneys for sale by a Bankruptcy Ring based in NJ.  Corrupt politicians, fake charities laundering money. Hoboken's Mayor Peter J. Cammarano III and Secaucus' Mayor Dennis Elwell were arrested along with many other officials and clergy.  Rabbis engaged in money laundering and / or illicit sales of human organs reportedly originating from Israel include Saul Kassin, Levy Izhak Rosenbaum, and Mordchai Fish of Brooklyn, NY; Eliahu Ben Haim and Edmund Nahum of Deal, NJ.

U.S. Attorney General John Ashcroft

All of the following quotes by former U.S. Attorney General John D. Ashcroft: "No country -- certainly not the United States -- is free of corruption " "For example, in 2002, the United States Justice Department dealt with more than 1,000 federal prosecutions of corrupt officials" " I remain convinced that there is no more important area in the fight against corruption than the challenge for us within the law enforcement and justice sectors to keep our own houses clean." "In the real world of limited resources, we know that we can only detect, investigate and prosecute a small percentage of those officials who are corrupt."

Judge Paul G. Hyman

This Judge is right out of Alice in Wonderland.  He can look at the same facts and come up with diametrically opposed rulings merely by considering the domicile of the bankruptcy "professionals" involved.  BankruptcyMisconduct has a special downloads section devoted to this banana republic bozo, as well as prominent mention in some specific pages.  Some of Hyman's cases to look at in particular include: Baron's Stores, Inc.  USBC Southern District of Florida No. 97-25645 BKC-PGH James F. Walker   USBC Southern District of Florida, No. 03-32158-PGH Judicial Complaint against Judge Paul G. Hyman by Mary Alice Gwynn

Lou Posner & Eliot Spitzer

Bed Sheets, Kleenex & Hookers ... Oh My! Manhattan bankruptcy lawyer Lou "Big Daddy" Posner was able to run his prostitution ring named the "Hot Lap Dance Club" without any fear of arrest while his cousin  Eliot Spitzer was in charge. BankruptcyMisconduct.com alerted the public to Eliot Spitzer's corrupt pattern of protecting his brethren lawyers associated with the profitable businesses of organized crime.  Spitzer held every crime family's most coveted asset: Prosecutorial Discretion - the power to protect any crime family and make any crime just go away. Eliot Spitzer is  the former Governor of New York, and previously held the power to decide who gets prosecuted as the New York Attorney General, and prior thereto as a Federal U.S. Attorney.

eToys Mania

Where should you begin in your reading about the eToys crimes and cover-up?   "I remain convinced that there is no more important area in the fight against corruption than the challenge for us within the law enforcement and justice sectors to keep our own houses clean." -- U.S. Attorney General John D. Ashcroft You might start with our Downloads section of files specifically delivered to Barack Obama's new U.S. Attorney Preet Bharara. Then you might check out our general eToys Cover-up downloads section.  Of course, you could just do a search of our site on "eToys".

Kelly Beaudin Stapleton

Oh Kelly, you're going to get famous for all the wrong reasons! Kelly B. Stapleton has a few pages on BankruptcyMisconduct.com that you must read to grasp the eerie stench which defines her DOJ career.  There is WebSci, Stone & Webster  (watch for a new series of pages coming soon) and of course the eToys case culminating in her "Judge, Please Hide This" smokin' gun.  And as your average DOJ pretender's revolving door career would indicate: "No Rest For The Wicked" ain't just an Ozzie album. Seriously, if you were management at a distressed firm -  Would you want to hire some turn-around pro's who might place just this sort of a lawyer, under a cloud of Stigma, into your shop?  To hire a muddied lawyer with a background that could raise the likelihood of an involuntary colonoscopy down the road by a Federal Special Prosecutor, or some other cathartic mess, is a step backwards. Smelly Kelly Stapleton is working "hard for the money, so hard for it honey" on her employme...

Competition Begets Corruption

Competition for Big Cases Is Corrupting the Bankruptcy Courts.                                  -- Lynn M. LoPucki                     UCLA Professor and renowned expert on bankruptcy in the U.S.A.                           

Bankruptcy Misconduct News and Information

Who's Watching?

It appears that the watchdog needs watchdogging. Exact words of a Federal Judge describing the U.S. Trustees at the DOJ, whose role is purportedly to act as the watchdog against crime and corruption. But what happens when the fox guarding the henhouse was a partner with the wrongdoers?