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laserhaas

(7,805 posts)
Tue Aug 13, 2013, 06:59 PM Aug 2013

My Abusing Crook (Tom Petters Ponzi Scheme) Seeks Less Jail Time and I Must Agree!

- - Undoubtedly there are going to be quite a few of you who think I'm nuts; but this is one debate worth having. I'm the owner of the http://www.Petters-Fraud.com/DOJ_Cover_UP.html website (as well as many other webs/blogs on manifest injustice issues). It took massive prodding by myself and others, to get Tom Petters schemes arrested in 2008.

Tom Petters got 50 years when he was found guilty and now seeks a reduction (See Star Tribune story = HERE)

- - I'm compelled to state that I agree with a lessor sentence and will note the various reasons why - Below
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BACKGROUND


My nickname is 'Laser the Liquidator'. Though my quest in life has been to "turn around" chaotic business scenarios, more often than not, people call for my services way too late. Fortunately for me, the biggest case of my lifetime career (35 years) was eToys.com; which was a successful "turn around" (though it still resides in the hands of crooks at Bain Capital/ Toys R Us). Prior to that time, of the 1000 cases plus that we handled, including computers, mushroom farms, furniture, toys and rental medical equipment etc., - upon occasion - I ran into bad faith parties.


Tom Petters is Paul Traub's partner (whom I'm still trying arduously to get arrested). Petters took me for $750,000 and left me standing in 105% heat during the liquidation of 'The Wiz' in New Jersey.

His cohort Mike Catain took me for $50,000. And their cohort (Larry 'Reservitz' Reynolds) laundered $12 Billion for Traub/ Petters/ Romney; and may possibly have been the one who arranged the abduction of my daughter (long story -in 2000/2001 Larry Reynolds sat only 17 feet away from me; but he was not in my same group of entities).

Catain also laundered $10 Billion +. Mike Catain got 10 years when he plead guilty, Larry 'Reservitz' Reynolds also is doing 10 years; but Tom Petters got 50 years.
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I do not agree with the 50 years for Tom Petters and will assist him, if need be, to get a lessor sentence.

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U.S. Attorney General Eric Holder Calls For ReVamp of Federal Sentence Guidelines!

- - Just when you are ready to call for his impeachment, Mr. Brilliance Eric Holder stops U.S. in our tracks with his new request. It's almost too apropos that we are having this discussion. Just the other day, United States Attorney General ("USAG&quot Eric Holder went upon the public record calling for an overhaul of the federal system of justice sentencing guidelines. (See one viewpoint on the Eric Holder remarks - HERE). Granted USAG Holder is talking more about Drug sentences (and there should be severe debates about all the 3 strikes laws); be that as it may, we have to start somewhere - And Start We Have!

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Rolling Stone's Matt Taibbi asks the questions that BEG - Why do big fish get away 'Scot Free'?

Meanwhile, in a germane connected part of the puzzle, Rolling Stone's Matt Taibbi has this tidbit with his most recent article about federal investigations into Big (TBTF) Banks, the Goldman Sacks Fab Tourre affair and the unfairness of Welfare fraudsters having to pay back 100% of what they allegedly stole, while doing their time and jail. And - YET - the big bad Too Big To Fail (also too big to jail) parties get away with a less than total harm fine and no jail time. (See Taibbi's article "New Bank Investigations: Real Action or More of the Same&quot .

I concur with Taibbi (while picking bones with him) - That the inequality SUCKS!

- - Meanwhile, others are discussing other issues that are interrelated. Such as the fact that the new Securities Exchange Commissions Chief is letting the clock tick away on the Mortgage Crisis cases (see New York Times article "Dear SEC Chief: Clock is Ticking on Mortgage Cases&quot . A less formal insight can be found at the Wall Street on Parade Blog (HERE).

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Cover Ups and None Prosecutions - Including Sexual Assault Cases


This one bugs any decent person. Most of U.S. are well aware about the cover ups of the Penn State debacle. More recently there's the case of University of Southern California ("USC&quot and how the victims, along with other concerned classmates finally got together and said HELL NO - NO MORE Sweeping it under the rug! (See the "orange realm" Diary on the case - HERE). There's also the major issue of Military cover ups of sexual assaults.

- - But, there's also good cases out there (as the DK diary reveals) of where good faith Administrators won't indulge the "Cover UP" mentality. Most recent is the Vanderbilt case (my school) - where (purportedly) football team students raped an unconscious woman. Arrested have been made, while the school did expel the purported offenders quickly (see DU thread - HERE).


This picture is from a fellow DK'r who is also my FB friend & Twitter follower. Horace Boothroyd III (I call him Mr. III) - is a LGBT activist and all around great human being (whom I've yet to meet personally). This is his chart on Rapes, cover ups and such.



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BACK to Tom Petters and my vote for reducing his sentence.

- - Tom Petters (as far as I know) is a NON-violent offender. It serves no good purpose (except for the pretense that the DOJ is doing an good job) for him being in jail for 50 years (a life sentence in essence). There are also contributing factors of extreme national significance and importance.

1st of all - Paul Traub (Romney's secret attorney) - was named as the "Controller" of Tom Petters and the Ponzi scheme. This remark by Federal Receiver Douglas Kelley floored me in June 2012 (see Star Tribune article - HERE). If Petters was not (and I sincerely believe that he wasn't) the head boss, then he does NOT deserve any more of a sentence than Michael Catain and/or Larry 'Reservitz' Reynolds. It is a fact of public record that Paul Traub was also the partner of fraudster Marc Dreier. Mr. Traub was also involved in the Enron case, Kmart (which has never been reviewed - as far as we know), the FAO Schwartz, Kay Bee and eToys frauds, Stage Stores, Palm Beach Links, Sky Bell, Lancelot and Rothstein /Discala. As well as playing a fraud prank on the Okun 1031 Tax Group case (Okun getting 100 years).

- - Paul Traub confessed lying under oath and deliberate fraud on the court in 2005!

Had the feds acted properly, halting/arresting Paul Traub and his cohorts/cronies in 2005/2006; chances are the Marc Dreier, Tom Petters and OKUN cases, along with Palm Beach, Lancelot and Rothstein cases - would have been greatly reduced. (As a matter of fact Palm Beach/ Lancelot/ Sky Bell never would have transpired).

- - Marty Lackner is dead, eToys shareholder Robert Alber had to kill an attacker and Rothstein has a murder case also.

(PLUS - there's a John "Jack" Wheeler case this activist believes is connected).

However, because Paul Traub's frauds benefited Merrill Lynch, Wells Fargo, Goldman Sachs, Bain Capital and Mitt Romney; his DOJ files (purportedly) are red-flagged (marked "hands off&quot . Traub's law firm of Traub Bonacquist & Fox has the other partner (Harold Bonacquist) still working for the U.S. Government as counsel for the Consulate General in Istanbul!
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- -
CONCLUSION


What we have is a federal system of justice in total disarray. Just today, Professor Jonathan Turley's Blog has a story of how a federal prosecutor was accused by a federal justice of doing serious prosecutor misconduct (see JT's blog story - HERE). Professor Turley points out that the Washington D.C. BAR association engaged in mischievousness by only addressing the most minor offense of the wayward federal prosecutor, giving him nothing more than a verbal scolding.

And the DOJ is keeping the bad faith prosecutor on their payroll.


- - It is up to U.S., the citizenry to cry foul, when bad faith issues of our federal system of justice are transpiring and we are made aware of same. If we, those affected most by tyranny, cronyism and corruption, simply don't care enough to say "Stop the Bullying" - then there's NO motivation for remorse or relent. In the Tom Petters case there's the issue of Paul Traub, the fact that Tom Petters own lawyer (Doug Kelley & Wolter Lawfirm) were made the Federal Receiver over Tom Petters seized assets. Doug Kelley and his crony friends have received more than $75 million in fees and the Judge ruled that the Mandatory Victim Restitution Act does NOT apply in this case (see story - HERE). If the MVRA does not apply and Doug Kelley only gave the victims money of $15 million to the U.S. Attorney (who is under NO obligation to give any to victims) - then WTF is the Receiver there for anyway? Crooks illegal and crooks legal, either way we get screwed and Paul Traub gets to keep Fingerhut & Polaroid for Free!

I'm just sayin........

IT ALL SUCKS THE WHAMMY!
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2 replies = new reply since forum marked as read
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My Abusing Crook (Tom Petters Ponzi Scheme) Seeks Less Jail Time and I Must Agree! (Original Post) laserhaas Aug 2013 OP
ORGAnIZE YOUR MATERIAL SO IT CAN BE FOLLOWED MORE EASILY elehhhhna Aug 2013 #1
Had NO time - and didn't want to lose the links (NB I was using kept locking up) laserhaas Aug 2013 #2
 

elehhhhna

(32,076 posts)
1. ORGAnIZE YOUR MATERIAL SO IT CAN BE FOLLOWED MORE EASILY
Tue Aug 13, 2013, 07:23 PM
Aug 2013

OOPS caps sorry.


Might get more traction w/ a little more editing. Interesting stuff.

 

laserhaas

(7,805 posts)
2. Had NO time - and didn't want to lose the links (NB I was using kept locking up)
Tue Aug 13, 2013, 11:19 PM
Aug 2013

Thanks for the critique though......

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