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BankruptcyMisconduct's Issues section has a number of articles which describe recurring themes and systemic problems related to our flawed bankruptcy system, and the immense bankruptcy industry which it supports.

 

Conflict Of Interest - the most common theme we find in bankruptcy misconduct.  It is not surprising that in a bankruptcy case there will be people who are not happy with the outcome.  Also not surprising is that there will be organized crime elements looking to influence the bankruptcy process for their benefit.  Thus, Congress wrote clear and simple laws prohibiting any and all forms of conflict of interest in the hopes that most corruption would be avoided.  These laws include the strict requirement that bankruptcy professionals must sign a sworn declaration, under penalty of perjury and bankruptcy fraud, stating that they hold no conflicts.  Sadly, when instances of false sworn declarations are found the DOJ and Federal Judges often cover up the crimes to protect their brother lawyers.

 

Quid Pro Quo - also known as the Business Model For The Mega Case Debtor Counsel .  Bribes are paid to many public officials and corrupt persons in private practice.  Another form of bribe is getting paid to look the other way.   Mega Case bankruptcy law firms routinely go out of their way to cover up crimes by corporate executives, and protect them from both criminal and financial repercussions.  This is because millions of dollars in legal fees flow to these lawfirms, but corrupt corporate executives hold power of the decision as to which firm gets hired.  Thus the same Big Law firms get the multi-million dollar law fees and the same criminal conduct brings our nation every larger bankruptcy cases.

 

WhistleBlower Retaliation - many brave persons have pointed out misconduct by bankruptcy professionals.  Unfortunately, the corruption is extensive and systemic.  Organized Crime has long operated in the bankruptcy courts and Congress has even referred to them as "Bankruptcy Rings".  Just as we see in "banana republics" we find that whistleblowers are retaliated against.  This happens in Federal Courts all across our country, and the corruption extends far into the self regulating State Bar clubs.

 


Judicial Misconduct - While many evil persons make up a crime family, there is no more important element to the survival of the corruption than a corrupt judge.

 

Revolving Door Regulation - DOJ  and SEC lawyers are usually either "on loan" from a biglaw law firm with associates involved in white collar / financial organized crime, or these lawyers seek high paying employment for themselves after leaving government work or for a spouse or relative.  The Revolving Door thus breeds  corruption as when a U.S. government lawyers operates as a Mole for a crime family or when she seeks a Quid Pro Quo via highly compensated work for herself, her spouse, or other relation.

 

 

Featured Articles

(04/03/09) Soprano Suicide

"Dead Men Tell No Tales" Another Whistleblower Bites The Dust More instances of witnesses against public corruption supposedly committing suicide.  They were murdered to keep them quiet.  Apparently they did not comprehend their own "Doug-Pick" thinly veiled death threat warnings.  Thing is, if...
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(03/01/10) Paul Bergrin

What do Paul Wayne Bergrin, Esq. and Eliot Spitzer, Esq. both have in common? Without question, both were state prosecutors, both were federal prosecutors  as U.S. Attorneys within our DOJ, and both had a long history of financial transactions with organized crime ... including at a minimum prosti...
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(03/01/10) Catharsis Burgeoning

State Bar Association going after lawyers who tacitly approved and enabled government official client to lie under oath. Love the smell of Napalm in the morning?   "Good Morning Vietnam!" BankruptcyMisconduct want's to explain this in simple terms.  Yes, this is the start of something new. ...
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(10/04/08) Spitzer Family Values

There is no power more easily and profitably abused by corrupted officials than the selective enforcement of our laws.  Corrupt public officials can easily decline to investigate or prosecute those persons who are affiliated with their partners in organized crime rings. Perhaps even more ...
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(04/03/09) Andrew Cuomo Ceases Law Firm Protectionism

The long standing failure to prosecute criminals, when they happen to be attorneys within BigLaw, may be at its end.  Law Firm Protectionism existed in the form of an institutionalized policy whereby politically elected or appointed prosecutors simply refused to investigate or prosecute crimes on...
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(09/20/08) Marcia Goldstein

The largest corporate bankruptcy in U.S.A. history was the MCI / Worldcom bankruptcy filed in the Southern District of New York, a/k/a "Debtors Paradise". The bankruptcy was necessary after an extreme amount of executive greed and corporate criminal activities at the firm.  But was the criminal a...
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