OBama's Billionaire Commerce Secretary conceals bogus intellectual property claims by Organizing for Action & HealthCare.gov websites; fails to disclose her Facebook "dark pool" holdings
(Dec. 30, 2013)—The Department of Commerce, led by Hyatt Hotel billionaire heiress, Penny S. Pritsker, is violating her code of ethics by involving the Commerce Department in any matter related to Leader Technologies. She holds up to $23.4 million Facebook interests (likely more in numerous trusts) held through Wall Street insider "dark pools." She led Obama’s 2008 campaign where the Obama For America (OFA, aka Organizing for Action) social website made the difference, and to which Obama posts more than one a day.
OFA & HealthCare.gov websites
Both of the Obama administration's main websites, Organizing for Action (formerly Obama for America) and HealthCare.gov, claim the social software systems running those sites are "open source." These sites deeply embed Facebook links. However, Facebook is guilty on 11 of 11 claims of infringing the patent of Columbus innovator, Leader Technologies, Inc. The fact is, the Obama administration's fantasy is to believe the software is open source, when it is not. The true inventors have gone uncompensated, meaning OFA and HealthCare.gov are operating on confiscated property.
Facebook "Dark Pool" Investments
Commerce Department officials have not responded to our inquiries. Individuals close to the In re. Facebook class action lawsuit over the NASDAQ system meltdown in the Facebook IPO confirm that unregulated "dark pools" could create uncertainty and cause the system to be unresponsive under high volume. A Leader Technologies official said "nothing surprises us any more about this widespread corruption."
Commerce's Facebook Dark Pools
Dark pools were recently discovered as the likely source of the Obama administration's inordinate influence over politicians, bureaucrats, donors, judges, Silicon Valley, Wall Street and the media. Dark pools have also been discovered as the likely source of the NASDAQ "glitch" during the Facebook IPO. NASDAQ could not manage trading volumes from sources for which NASDAQ systems could not adequately provide and account for during extremely heavy volume.
Pritzker's personal bankers were manipulating the Facebook IPO stock
Facebook IPO stock was being sold in both the front room (NASDAQ) and back room ("dark pools") simultaneously. Pritzker's fund managers Goldman Sachs, Morgan Stanley and JPMorgan were manipulating these sales since they controlled them both. Morgan Stanley allowed Facebook insiders to sell over $13 billion in holdings on the third day of trading. Such sales are wholly improper. Remember Jim Cramer's "epic rant" over Peter Thiel's Facebook insider stock dump? See "Cramer: Thiel’s Sale of Facebook Stock ‘Tawdry’" by Jim Cramer, CNBC, Aug. 21, 2012.
Facebook "dark pools" web of conflicts
Insiders traditionally must wait three to six months before selling their stock, and sell in small quantities. In stark contrast to the accepted norm, Facebook's Chairman, James W. Breyer, Accel Partners, sold over $6.5 billion of his shares on Day 3. Breyer appears to have been funding his father, John P. Breyer's, Chinese fund, IDG-Accel-China with these proceeds (John P. Breyer and George Soros are Hungarian émigré contemporaries).
Such conduct is an obscene abuse of the public trust and rendered the offering a mammoth scam. Another dark pools holder is Ann H. Lamont who is a board member of Obama's HealthCare.gov and White House chief technology officer, Todd Y. Park. Her company, Meritech Management, sold $263 million on Day 3. Goldman Sachs sold almost $1 billion. Russian oligarch Yuri Milner sold a whopping $3.79 billion (Goldman Sachs' Moscow partner). Peter Thiel dumped $633 million. Microsoft dumped $243 million. The web of conflicts is stifling. [They all sold on May 22, 2012, while the market was reeling from the NASDAQ glitch.)
Pritzker’s Patent Office is already mired in related conflicts of interest regarding the unprecedented 3rd patent re-exam of Leader's patent ordered by the Patent Office Director David J. Kappos, a former employee of Facebook stakeholder IBM. Patent judge, David C. Siu, a former employee of Facebook stakeholder Microsoft, is also directly involved.
Leader Technologies proved that Facebook is guilty of infringing their social networking patent on 11 of 11 counts. However, despite this, the federal courts ruled against Leader anyway, citing an obscure law called on-sale bar for which Facebook had no evidence. The appeals court judges, all Facebook "dark pool" interest holders as well, turned a blind eye and favored their financial holdings over of the U.S. Constitution and Leader's private property rights. So much for new definition of "blind justice." The Patent Office even asserted presidential privilege to conceal the White House interference in this matter.
Obama's 47 million OFA "likes" need Pritzker's protection; so does his crippled ObamaCare website
The Leader v. Facebook case was irreparably prejudiced by the Obama administration after President Obama grew his Facebook political website—Obama for America (a.k.a. Organizing for Action)—to 47 million “likes.” Even Patent Office Director David J. Kappos, part of the Commerce Department, used Facebook for his newsletter to over 10,000 employees.
Pritsker and other senior Commerce officials are part of a massive pre-IPO Facebook “dark pools” investing scheme
Neither the "dark pool" prospectus nor the Facebook S-1 made a single mention of investors risks associated with Leader v. Facebook—the only case against Facebook to go to the Supreme Court; and despite the devastating ruling of literal infringement against Facebook on 11 of 11 claims.
NASDAQ did not report the dark pools held by federal judges, senior S.E.C. and Commerce Dept. officials and Russian oligarchs, among others
The dark pools scheme solicited agreement from selected insider fund managers to purchase private Facebook shares more than four years in advance of the Facebook IPO. These funds then likely tipped off selected fund managers, judges, politicians and bureaucrats to this plan and invited them to invest four years early.
The ethics rules are clear. Public employees are required to avoid even the appearance of impropriety. At minimum, the Department of Commerce conduct reeks of impropriety.
Bottom line, hundreds of Obama administration political appointees and select federal judges were invited into this Facebook investing club. See summary of Obama appointees and judicial holdings.
It is difficult to fathom the extent of negative impact of these hidden agendas on the operations of government.
Commerce Dept. is duty bound to recuse itself from all matters related to Leader Technologies
The Department of Commerce must recuse itself from any and all matters related to Leader Technologies. Penny S. Pritzker has 30 investments in Facebook interests totaling up to $23.4 million. See below.
Pritzker’s predecessor at Commerce, Rebbeca M. Blank, has 40 investments in Facebook interests (TIAA-CREF, Fidelity and Vanguard).
Pritsker’s staff is part of the Facebook Club too
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Commerce General Counsel, Cameron F. Kerry, has 23 investments in Facebook interests;
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Commerce Director, Robert M. Groves, 19 investments in Facebook interests;
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Commerce Patent Office Director, David J. Kappos, has 14 investments in Facebook interests. In addition, David J. Kappos was the former chief counsel at IBM, a major Facebook stakeholder;
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Patent Office FOIA officer, Kathryn W. Siehndel, who is currently stonewalling FOIA requests, was employed by Facebook’s law firm, White & Case LLP; and
Administrative judge in Leader v. Facebook, Stephen C. Siu, was employed at Microsoft, another major Facebook stakeholder.
Penny S. Pritzker is more than $23.4 million conflicted re. Leader Technologies
The following summary was extracted from Pritzker’s 251-page disclosure. It includes a 67 page amendment after she “forgot to disclose” $80 million in trusts. Unfortunately, the trust disclosures are a sham since none of them disclose the holdings of these trusts.
Act Now! File complaints online to the Commerce Department Inspector General, and with your Congresspersons and Senators
AFI readers are encouraged to file complaints with Inspector General Todd J. Zinser. We suggest you attach the PDF of this post and attach it to your complaint letter. There is no one right way to send in the complaint. Just write it in your own words the best you can.
It remains unclear whether Mr. Zinser is a member of the Facebook Club. So, in the meantime he will be given the benefit of the doubt.
Make the noise grow louder and louder
Be sure to send copies of your complaint to your elected Congressperson and Senators. Also, send a copy to the House Oversight Committee led by Representative Darrell Issa CA-49th), and Representative Jim Jordan (OH-4th)
If you have been sitting on the sidelines on these Leader matters, don’t any longer. These corrupt Washington officials believe no one will hold them accountable.
Let’s prove them wrong.
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In 2004 Henry Paulson the CEO of Goldman Sachs helped lobby the SEC to relax limits on leverage allowing banks to increase their borrowing, Goldman Sachs sold at least $3.1 billion worth of these toxic CDOs in the first half of 2006 the CEO of Goldman Sachs at this time was Paulson, in 2006 G W Bush announce Henry Paulson to be Secretary of the treasury, Bush says he's earned a reputation for candour and integrity (BS LOL) Goldman Sachs in late 2006 started to sell toxic CDOs and started to bet against them telling it's customers that they were high quality investment and Goldman was betting on the U.S housing crash. Merrill Lynch, J.P. Morgan and Lehman Brothers were in on it,
ReplyDeleteAnd what did The Securities and Exchange Commission do, it conducted no major investigations on the banks before and during the bubble, and 146 people were cut from the SEC Enforcement Division a systematic gutting of the agency through cutting back of staff. and then it was reduced to a staff of one, SO he could turn the LIGHTS OUT
And Lehman Brothers was going bust the only bank interested in buying Lehman was Barclays, But British regulators demanded a financial guarantee from the U.S. PAULSON REFUSED?
Christine Lagarde finance minister of France was first told that Lehman was going to go bankrupt AFTER THE FACT? That same week AIG owed $13 billion to holders of credit default swaps and it didn't have the money, AIG is taken over by the government, Paulson and Bernanke ask congress for $700 billion to bail out the banks. WITH LEHMAN BROTHERS GONE no more competition for Goldman Sachs .HOLY FUCKING COW and Merrill Lynch was forced to sell itself, Paulson and Bernanke say they didn't know about foreign bankruptcy laws (BS)
When AIG was bailed out the owners of its credit default swaps one of them was Goldman Sachs, Paulson Bernanke and Tim Geithner forced AIG to pay 100 cents on the dollar rather than negotiate, $14 billion went to Goldman Sachs at the same time Paulson and Tim Geithner forced AIG to surrender its right to sue Goldman Sachs and Henry Paulson was the former CEO of Goldman Sachs??
September 29,2008
ReplyDeleteOBAMA says the era of greed and irresponsibility on wall street and in Washington has led us to a financial crisis since the great depression, After tacking office, Obama spoke of the need to reform the industry saying we want a risk regulator :- increased capital requirements :- we need a consumer financial protection agency :- we need to change wall street's culture : But it was all BULL-SHIT Obama rejects setting compensation limits on global banks, And buy mid 2010 the administrations reforms were weak its a wall street government and Obama was in on it????
IT'S a wall street government, and Obama chose Timothy Geithner as Treasury secretary and was a key player in the decision to pay Goldman Sachs 100 cents on the dollar for it's bet against mortgages And the new president of the New York Fed is William c. Dudley a former chief economist of Goldman Sachs and Geithner chief of staff is Mark Patterson a former lobbyist for Goldman Sachs Lewis Sachs head of Tricadia was betting against the mortgage securities it was selling and to head the commodity Futures Trading commission Obama picked Gary Gensler a former Goldman Sachs executive who helped ban regulation to head the commodity futures trading commission. OBAMA picked Mary Schapiro the former CEO of FINRA to run the securities and exchange commission, Both martin Feldstein and Laura Tyson are members of Obama's Economic Advisory Board, And in 2009 Obama reappointed Ben Bernanke, Ruth Simmons president of brown university makes $300.000 a year on the board of Goldman Sachs
AND Obama's chief economic advisor is Larry Summers, it was clear that Summers and Geithner were going to play major roles as advisors, Larry Summers who played a MAJOR role in the Deregulation of Derivatives, And became PRESIDENT of HARVARD in 2001 And New that FACEBOOK was stolen, The Facebook Club Larry Summers used the promise of wild Facebook IPO returns as the currency for their plans to install Barack Obama as President and press their global data gathering agenda
THE FACEBOOK CLUB was organized and controlled by lawrence larry summers soon to be Obama's chief economic advisor THIS WAS THE PAY OFF that lawrence larry summers got from Obama
OBAMA AND SUMMERS new that facebook was stolen and new of the THEFT OF Leader Technologies'
OBAMA says with Great Authority that Snowden did damage but the damage was that OBAMA lost the back door keys he got from the NSA to spy and steal ideas from your cell phone and to give market surveillance of ideas to Mark Zuckerberg Larry Summers James W. Breyer and the PayPal boys, One of the ideas that OBAMA stole from your cell phone was read out word for word to every one YES THAT'S WORD FOR WORD EVERY ONE, Snowden says we need balance in spying but its a WALL STREET GOVERNMENT SNOWDEN The Winklevoss twins have both been very vocal in their support of bitcoin, but Cameron and Taylor Winklevoss instead of of telling the truth put your extortion hands out you know that facebook was stolen AND ZUCKERBERG HAD TO PAY YOU OF
This president speaks against 1%ers like Penny Pritzker, then hires her to run Commerce.
ReplyDeleteThis president hires individuals with massive conflicts of interest which he sanctions by his silence.
This president speaks for transparency, then invokes executive privilege at every turn to avoid being found out.
This president hands the keys to critical infrastructure to Silicon Valley and New York crooks.
This president confiscates private property whenever it stands in his way.
Impeachment is the Constitutional remedy. Use it or lose it.
Benjamin Franklin, "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."
ReplyDeleteDear Readers:
ReplyDeleteWe have received numerous kind words of support in the past few weeks. Your various tweets are being picked up by corruption fighters with 100's of thousands of followers and more. We will share a bit of one note we received from a retired oil man from the Rockies:
Thanks for all the hard work ... re. the Facebook theft. There are times and situations that make me have great doubts about our legal system. Leader Technologies' ongoing efforts against this corruption has shown me how bad it has become. We know there is a God who is incorruptible and we know He knows all the names that have allowed greed to overcome the rule of law. Those who are of this ilk may yet pay the price for their deceit; possibly in the unquenchable fire of hell, be it on earth or the burning sulfur of biblical hell. Stay tough, go by the rules because I firmly believe truth will win. Perhaps 2014 could be the beginning of redemption.
I have yet to see a U-haul trailer hooked to a hearse. Truth and integrity make you truly rich in all that we take to our graves anyway.
We have had a number of requests for the names of the various law firms representing the plaintiffs in the derivative stock fraud suit against Facebook captioned: In re Facebook, Inc., IPO Securities and Derivative Litigation, No. 1:12-md-02389-RWS (S.D.N.Y.)
ReplyDeleteOne of our readers just pulled the docket from PACER for us. It lists all the attorneys for both the victims (Plaintiffs) as well as the Facebook crooks (Defendants):
http://www.scribd.com/doc/195262579/DOCKET-Dec-20-2013-In-re-Facebook-Inc-IPO-Securities-and-Derivative-Litigation-No-1-12-md-02389-RWS-S-D-N-Y
Appears to many now that Goldman Sachs, Morgan Stanley and JPMorgan were playing on both sides of the ball and tried to manipulate the NASDAQ information with all their "dark pools" transactions, but the NASDAQ system was never designed for such gargantuan duplicity and fraud. Appears they were just a little too greedy for their own good.
We have a commenter posting spam. If this person has facts and wishes to discuss them, that's fine. Otherwise, repeated posts based only on speculation and obviously feigned sincerity will be removed. We have observed that Facebook-friendly posts have yet to present a single hard fact that references something other than fabricated attorney evidence and attempts at baiting. It seems that Facebook's only defenders are attorneys. At last count Facebook employs 8-10 firms.including Gibson Dunn, Fenwick & West, Latham & Watkins, Cooley Godward, White & Case, Orrick Herrington, Weil Gotshal, Perkins Coie and Blank Rome. Facebook is a wholly attorney-fabricated company and appears it needs this much protection to maintain the big lie.
ReplyDelete