Friday, October 23, 2020

The Pastoral Plays Of Jorge: DOJ Pops Goldman Sachs In $2.9 Billion Bribery FCPA Case - More To Come


Where is Melanie?

Happy Fratelli Tuttii!


#maytheheavensfall

Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion

The Goldman Sachs Group Inc. (Goldman Sachs or the Company), a global financial institution headquartered in New York, New York, and Goldman Sachs (Malaysia) Sdn. Bhd. (GS Malaysia), its Malaysian subsidiary, have admitted to conspiring to violate the Foreign Corrupt Practices Act (FCPA) in connection with a scheme to pay over $1 billion in bribes to Malaysian and Abu Dhabi officials to obtain lucrative business for Goldman Sachs, including its role in underwriting approximately $6.5 billion in three bond deals for 1Malaysia Development Bhd. (1MDB), for which the bank earned hundreds of millions in fees.  Goldman Sachs will pay more than $2.9 billion as part of a coordinated resolution with criminal and civil authorities in the United States, the United Kingdom, Singapore, and elsewhere. 

Goldman Sachs entered into a deferred prosecution agreement with the department in connection with a criminal information filed today in the Eastern District of New York charging the Company with conspiracy to violate the anti-bribery provisions of the FCPA.  GS Malaysia pleaded guilty in the U.S. District Court for the Eastern District of New York to a one-count criminal information charging it with conspiracy to violate the anti-bribery provisions of the FCPA. 

Previously, Tim Leissner, the former Southeast Asia Chairman and participating managing director of Goldman Sachs, pleaded guilty to conspiring to launder money and to violate the FCPA.  Ng Chong Hwa, also known as “Roger Ng,” former managing director of Goldman and head of investment banking for GS Malaysia, has been charged with conspiring to launder money and to violate the FCPA.  Ng was extradited from Malaysia to face these charges and is scheduled to stand trial in March 2021.  The cases are assigned to U.S. District Judge Margo K. Brodie of the Eastern District of New York.

In addition to these criminal charges, the department has recovered, or assisted in the recovery of, in excess of $1 billion in assets for Malaysia associated with and traceable to the 1MDB money laundering and bribery scheme.   

“Goldman Sachs today accepted responsibility for its role in a conspiracy to bribe high-ranking foreign officials to obtain lucrative underwriting and other business relating to 1MDB,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division.  “Today’s resolution, which requires Goldman Sachs to admit wrongdoing and pay nearly three billion dollars in penalties, fines, and disgorgement, holds the bank accountable for this criminal scheme and demonstrates the department’s continuing commitment to combatting corruption and protecting the U.S. financial system.”

“Over a period of five years, Goldman Sachs participated in a sweeping international corruption scheme, conspiring to avail itself of more than $1.6 billion in bribes to multiple high-level government officials across several countries so that the company could reap hundreds of millions of dollars in fees, all to the detriment of the people of Malaysia and the reputation of American financial institutions operating abroad,” said Acting U.S. Attorney Seth D. DuCharme of the Eastern District of New York.  “Today’s resolution, which includes a criminal guilty plea by Goldman Sachs’ subsidiary in Malaysia, demonstrates that the department will hold accountable any institution that violates U.S. law anywhere in the world by unfairly tilting the scales through corrupt practices.”

“When government officials and business executives secretly work together behind the scenes for their own illegal benefit, and not that of their citizens and shareholders, their behavior lends credibility to the narrative that businesses don’t succeed based on the quality of their products, but rather their willingness to play dirty,” said Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.  “Greed eventually exacts an immense cost on society, and unchecked corrupt behavior erodes trust in public institutions and government entities alike.  This case represents the largest ever penalty paid to U.S. authorities in an FCPA case.  Our investigation into the looting of funds from 1MDB remains ongoing. If anyone has information that could assist the case, call us at 1-800-CALLFBI.”

“1MDB was established to drive strategic initiatives for the long-term economic development of Malaysia. Goldman Sachs admitted today that one billion dollars of the money earmarked to help the people of Malaysia was actually diverted and used to pay bribes to Malaysian and Abu Dhabi officials to obtain their business,” said Special Agent in Charge Ryan L. Korner of IRS Criminal Investigation’s (IRS-CI) Los Angeles Field Office.  “Today’s guilty pleas demonstrate that the law applies to everyone, including large investment banks like Goldman Sachs.  IRS Criminal Investigation will work tirelessly alongside our law enforcement partners to identify and bring to justice those who engage in fraud and deceit around the globe.  When the American financial system is misused for corruption, the IRS will take notice and we will take action.”

According to Goldman’s admissions and court documents, between approximately 2009 and 2014, Goldman conspired with others to violate the FCPA by engaging in a scheme to pay more than $1.6 billion in bribes, directly and indirectly, to foreign officials in Malaysia and Abu Dhabi in order to obtain and retain business for Goldman from 1MDB, a Malaysian state-owned and state-controlled fund created to pursue investment and development projects for the economic benefit of Malaysia and its people.  Specifically, the Company admitted to engaging in the bribery scheme through certain of its employees and agents, including Leissner, Ng, and a former executive who was a participating managing director and held leadership positions in Asia (Employee 1), in exchange for lucrative business and other advantages and opportunities.  These included, among other things, securing Goldman’s role as an advisor on energy acquisitions, as underwriter on three lucrative bond deals with a total value of $6.5 billion, and a potential role in a highly anticipated and even more lucrative initial public offering for 1MDB’s energy assets.  As Goldman admitted — and as alleged in the indictment pending in the Eastern District of New York against Ng and Low — in furtherance of the scheme, Leissner, Ng, Employee 1, and others conspired to pay bribes to numerous foreign officials, including high-ranking officials in the Malaysian government, 1MDB, Abu Dhabi’s state-owned and state-controlled sovereign wealth fund, International Petroleum Investment Company (IPIC), and Abu Dhabi’s state-owned and state-controlled joint stock company, Aabar Investments PJS (Aabar). 

Goldman admitted today that, in order to effectuate the scheme, Leissner, Ng, Employee 1, and others conspired with Low Taek Jho, aka Jho Low, to promise and pay over $1.6 billion in bribes to Malaysian, 1MDB, IPIC, and Aabar officials.  The co-conspirators allegedly paid these bribes using more than $2.7 billion in funds that Low, Leissner, and other members of the conspiracy diverted and misappropriated from the bond offerings underwritten by Goldman.  Leissner, Ng and Low also retained a portion of the misappropriated funds for themselves and other co-conspirators.  Goldman admitted that, through Leissner, Ng, Employee 1 and others, the bank used Low’s connections to advance and further the bribery scheme, ultimately ensuring that 1MDB awarded Goldman a role on three bond transactions between 2012 and 2013, known internally at Goldman as “Project Magnolia,” “Project Maximus,” and “Project Catalyze.” 

Goldman also admitted that, although employees serving as part of Goldman’s control functions knew that any transaction involving Low posed a significant risk, and although they were on notice that Low was involved in the transactions, they did not take reasonable steps to ensure that Low was not involved.  Goldman further admitted that there were significant red flags raised during the due diligence process and afterward — including but not limited to Low’s involvement — that either were ignored or only nominally addressed so that the transactions would be approved and Goldman could continue to do business with 1MDB. As a result of the scheme, Goldman received approximately $606 million in fees and revenue, and increased its stature and presence in Southeast Asia.

Under the terms of the agreements, Goldman will pay a criminal penalty and disgorgement of over $2.9 billion.  Goldman also has reached separate parallel resolutions with foreign authorities in the United Kingdom, Singapore, Malaysia, and elsewhere, along with domestic authorities in the United States.  The department will credit over $1.6 billion in payments with respect to those resolutions.

The department reached this resolution with Goldman based on a number of factors, including the Company’s failure to voluntarily disclose the conduct to the department; the nature and seriousness of the offense, which included the involvement of high-level employees within the Company’s investment bank and others who ignored significant red flags; the involvement of various Goldman subsidiaries across the world; the amount of the bribes, which totaled over $1.6 billion; the number and high-level nature of the bribe recipients, which included at least 11 foreign officials, including high-ranking officials of the Malaysian government; and the significant amount of actual loss incurred by 1MDB as a result of the co-conspirators’ conduct.  Goldman received partial credit for its cooperation with the department’s investigation, but did not receive full credit for cooperation because it significantly delayed producing relevant evidence, including recorded phone calls in which the Company’s bankers, executives, and control function personnel discussed allegations of bribery and misconduct relating to the conduct in the statement of facts.  Accordingly, the total criminal penalty reflects a 10 percent reduction off the bottom of the applicable U.S. sentencing guidelines fine range. 

Low has also been indicted for conspiracy to commit money laundering and violate the FCPA, along with Ng, E.D.N.Y. Docket No. 18-CR-538 (MKB).  Low remains a fugitive.  The charges in the indictment as to Low and Ng are merely allegations, and those defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

The investigation was conducted by the FBI’s International Corruption Unit and IRS-CI.  The prosecution is being handled by the Criminal Division’s Fraud Section and the Money Laundering and Asset Recovery Section (MLARS), and the Business and Securities Fraud Section of the U.S. Attorney’s Office for the Eastern District of New York.  Trial Attorneys Katherine Nielsen, Nikhila Raj, Jennifer E. Ambuehl, Woo S. Lee, Mary Ann McCarthy, Leo Tsao, and David Last of the Criminal Division, and Assistant U.S. Attorneys Jacquelyn M. Kasulis, Alixandra Smith and Drew Rolle of the Eastern District of New York are prosecuting the case.  Additional Criminal Division Trial Attorneys and Assistant U.S. Attorneys within U.S. Attorney’s Offices for the Eastern District of New York and Central District of California have provided valuable assistance with various aspects of this investigation, including with civil and criminal forfeitures.  The Justice Department’s Office of International Affairs of the Criminal Division provided critical assistance in this case. 

The department also appreciates the significant assistance provided by the U.S. Securities and Exchange Commission; the Board of Governors of the Federal Reserve System, including the Federal Reserve Bank of New York; the New York State Department of Financial Services, the United Kingdom Financial Conduct Authority; the United Kingdom Prudential Regulation Authority; the Attorney General’s Chambers of Singapore; the Singapore Police Force-Commercial Affairs Division; the Monetary Authority of Singapore; the Office of the Attorney General and the Federal Office of Justice of Switzerland; the judicial investigating authority of the Grand Duchy of Luxembourg and the Criminal Investigation Department of the Grand-Ducal Police of Luxembourg; the Attorney General’s Chambers of Malaysia; the Royal Malaysian Police; and the Malaysian Anti-Corruption Commission.  The department also expresses its appreciation for the assistance provided by the Ministry of Justice of France; the Attorney General’s Office of the Bailiwick of Guernsey and the Guernsey Economic Crime Division.

The Fraud Section is responsible for investigating and prosecuting all FCPA matters. Additional information about the Justice Department’s FCPA enforcement efforts can be found at www.justice.gov/criminal-fraud/foreign-corrupt-practices-act.

MLARS’s Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers, and employees, whose actions threaten the integrity of the individual institution or the wider financial system.

MLARS’s Kleptocracy Asset Recovery Initiative, in partnership with federal law enforcement agencies, and often with U.S. Attorney’s Offices, seeks to forfeit the proceeds of foreign official corruption and, where appropriate, to use those recovered assets to benefit the people harmed by these acts of corruption and abuse of office.

Relevant court documents will be uploaded throughout the day and available at the following links: The Goldman Sachs Group Inc. and Goldman Sachs Sdn. Bhd.


Voting is beautiful, be beautiful ~ vote.©

Thursday, October 22, 2020

Of Parental Rights: The U.S. Conference Of Catholic Bishops Issues Its 2020 Election Novena Foreign Election Interference - Gerrymandering



Bearing in mind our nation’s challenges and the need for wise, moral, civic leadership, the USCCB is offering an electronic Election Novena to help Catholics form their consciences as they prepare for the upcoming election.

For nine consecutive days, Monday, October 26 through Tuesday, November 3, participants will be encouraged to pray one Our Father, Hail Mary, and Glory Be for the day’s intention. A closing prayer for elected leaders will be offered on day 10, Wednesday, November 4. On this page, you can find the daily intentions, signup to receive the novena intentions daily by email, and download graphics for each day's intention for use on social media. Additionally, you can find even more resources to help you and your community learn more about responding to our call to be faithful citizens.

#maytheheavensfall



These districts are being formed as community districts, where there exists state laws, for the formation of geographic areas which are qualified as private federal contractors, under local parishes, the lower rung of hierarchy in the church, under the dioceses, where the mother is the Archdiocese of Detroit, where the U.S. Conference of Catholic Bishops take oaths of fealty to a foreign nation state called the Vatican, or perhaps, GoldmanSachs  DeutcheBank, but, hey, what do I know?

I know what gerrymandering is in the era of modern day human trafficking.

The statues that are being torn down are registered with the U.S. Geological Survey, for global recognition of authority, but authority under what corporate parent?

This is how the U.S. is being invaded.

Praise the lord.


Detroit neighborhood names could be changed, under proposed ordinance

Historic Indian Village on Detroit's east side. This Historic District is on the U.S. National Register of  Historic Places since 1972 and has many architecturally- significant homes built in the early 20th century.

Detroit residents may soon get a chance to rename their neighborhood under a proposal sponsored by City Council President Pro Tem Mary Sheffield.

 If passed,  the proposed Neighborhood Renaming Ordinance would allow Detroiters to submit an application to give their neighborhood an official moniker or rename an existing one. 

"In the midst of the revitalization that is happening in our city and as neighborhoods begin to redevelop, there's going to be a desire to want to change names," Sheffield told the Free Press on Thursday. "But it's important that council has a voice and it's important the neighborhood is also engaged in the process, too." 

Across the country, statues have been taken down, sports teams have changed their names and buildings are getting new titles. Gov. Gretchen Whitmer over the summer stripped the name of slave owner Lewis Cass from a state office building, now called the Elliott-Larsen Building. 

"In light of what's really going on nationally, we're seeing a lot of monuments being taken down and people wanting to research what names really stand for," Sheffield said. 

More: Detroit leaders unveil Halloween guidelines, caution residents on rising COVID-19 rates

More: 900-plus Detroit small businesses 'blessed' to get COVID-19 relief grants

A draft ordinance is under consideration by the City Council's Neighborhood and Community Services Standing Committee. Next, a public hearing will take place during which residents can suggest changes to the ordinance. After that, it will be up to City Council to approve. Sheffield said the goal is to have it pass before the council recesses in November. 

One contender for renaming is Indian Village.

Resident Jared TenBrink, who wrote a letter in July calling for a name change of his neighborhood, said the ordinance is a positive development and one around which he and about a dozen other residents are mobilizing.

They started a petition this week for the application and have collected 30 signatures as of Thursday. Their goal is to get 50% of residents, or roughly 375 people, to sign on. Since the application requires  a 20% buy-in, TenBrink said they would settle for about 150 but they want a majority to be on board. 

Indian Village on Detroit's east side has been on the U.S. National Register of Historic Places since 1972.

In his letter, TenBrink, 41, of the Nottawaseppi Huron Band of Potawatomi said the name is historically inaccurate because there is no record of an American Indian settlement on that site.

"If Land O'Lakes Butter can remove the American Indian woman off of their packaging, we can remove American Indian references off of our neighborhood name because the name wasn't chosen to uplift or empower people, it was chosen to sell houses," TenBrink said. 

An Aug. 3 neighborhood association meeting didn't lead to a resolution, TenBrink said. But it did lead to their newsletter being renamed to "The Indian Village Newsletter" instead of "Smoke Signals."

There are some neighbors who disagree with the name change. But TenBrink said the ordinance, which proposes a formal process, may help. 

"I think we can create a new identity and we can create a new neighborhood perception together. But it is still a big shock for people," he said. "That's one of the big things ... that can come out of something like this. It'll really empower communities to decide how they want to identify." 

Though they have a few dozen signatures to date, Indian Village residents may be calling their neighborhood "The Village." 

Still, some Detroit residents don't want to change their neighborhood name. 

The idea for the ordinance came after some Virginia Park residents expressed concern when the city proposed possible name changes for their community, Sheffield said.

Some ideas included "Henry Ford Neighborhood" or "Herman Kiefer Neighborhood," Julian Witherspoon, president of the Virginia Park Citizen District Council, said. 

"We are adamant about being known as the Virginia Park neighborhood. ...We have a history of accomplishments," Witherspoon, 63, said. 

Witherspoon said the ordinance may give Detroit residents "a voice at the table" to express opinions and concerns. 

Under Detroit city code, parks can be renamed. Sheffield said her ordinance is another formal process to now change the name of neighborhoods. 

If approved, Detroiters can start submitting applications between June 1 and July 1. The person who submits the paperwork must be 18 or older. 

The proposed name — either an individual or an entity — should come with an application package including signatures of 20% of the residents who live in the neighborhood; the historical, cultural or social significance of the new name; a map or photographs of the area; a summary of public outreach with neighborhood, business and commercial property owners associations. 

The Department of Neighborhoods would receive and review the application — like checking for duplicates or inappropriate suggestions — which would then be forwarded to City council for approval. There would also be a public hearing prior to the potential name change. 

"I think there's going to be a lot of different forthcoming possible proposals that we haven't seen yet," Sheffield said. "But we want to have an effective process in place to make sure it happens with transparency and with community at the table." 


Voting is beautiful, be beautiful ~ vote.©

Of Parental Rights: Michigan Attorney General Dana Nessel Releases 2 Year Report On U.S. Conference Of Catholic Bishops Trafficking Tiny Humans

The Celestial Goddess of the Woodshed honors the standing armies of the Generals Attorney and Inspector of Michigan, and those who have yet to be unmasked.
  • Christopher Allen – Office of the Solicitor General 
  • Danielle Bennetts – Sexual Assault Team, Assistant Attorney General
  • Josh Booth – Ethics Officer, Chief Legal Opinions 
  • Michelle Brya - Division Chief, Licensing and Regulation Division 
  • Paul Carbini – Victim Advocate 
  • Tom Fabus – Chief of Investigations (AG) 
  • Christina Grossi – Deputy Attorney General 
  • Danielle Hagaman-Clark – Acting Division Chief Criminal Trial Appellate Division 
  • Robyn Liddell – Acting First Assistant Criminal Trial Appellate Division 
  • Sgt. William Luebs – Dt/Sgt. Michigan State Police 
  • Eric Restuccia – Office of the Solicitor General 
  • Ann Sherman – Office of the Solicitor General 
  • Rebekah Snyder – Victim Advocate 
  • Scott Shea – Special Agent (AG)
This is only the first layer, parsimoniously slivered, as a sample specimen, of what goes on in the residuals of the peculiar institution.

I wonder how the U.S. Conference of Catholic Bishops is doing, or rather, how the appointment of our latest Supreme Court Justice is going, considering the fact that there is a case to shutter in Pennsylvania the day after the election.

This is about Parental Rights.

#maytheheavensfall

#sealsmatter

11 Men See Charges as AG's Clergy Abuse Investigation Hits 2-year Mark

LANSING – Millions of documents have been reviewed and 11 men have been or are being prosecuted by Attorney General Dana Nessel’s office since authorities executed search warrants two years ago on all seven of Michigan’s Catholic dioceses as part of the state's investigation into clergy abuse. 

Forty-two Michigan State Police troopers, five officers from different law enforcement agencies and 15 special agents from the Attorney General’s office executed search warrants on Oct. 3, 2018, at Michigan’s seven dioceses. In that effort, they seized 220 boxes of paper documents and more than 3.5 million digital documents. 

Due to a slowdown in court operations as a result of COVID-19, no charged cases have been resolved through plea deals or trial since late 2019. However, the review of documents has continued along with other steps to further the investigation. To date, the department has: 

  • Completed the paper document review of the Gaylord, Grand Rapids, Kalamazoo, Lansing and Marquette dioceses. Of the 220 boxes of paper documents seized, about 78 boxes remain;
  • Completed the electronic document review of the Gaylord, Grand Rapids, Kalamazoo and Marquette dioceses;
  • Hired and trained a full-time victim advocate to support the hundreds of victims identified in the course of the investigation;
  • Continued to refer the completed criminal investigations back to the respective dioceses; and
  • Followed up with victims who have not been interviewed with a trauma-informed interviewer – including those whose cases are barred by the Statute of Limitations, where the accused priest has died or any other reason that makes criminal prosecution impossible. 
Through the department’s review of paper documents alone, 454 accused priests and 811 reported victims have been identified. That number may change as investigatory efforts continue. 

As of Sept. 28, the Attorney General’s Clergy Abuse Investigative Team had reviewed more than 2.24 million of the digital documents seized. 

Attorney General Nessel recorded a video message to outline the progress her office has made

“I am deeply proud of the work our Clergy Abuse Investigative Team has done – and we are dedicated to continuing this incredibly important work,” Nessel said. “We are committed to ensuring that every case of sexual abuse and assault is thoroughly reviewed and that whenever we are able to pursue justice for a victim, we do so aggressively and relentlessly. We must all commit to breaking down the walls of silence that so often surround sexual assault and abuse. In the end, we hope this investigation provides a voice to those who have suffered in silence for so long and shines a light on those offenders who have escaped punishment for their crimes by hiding in shadows.” 

In addition to the paper and digital documents seized from the dioceses, information is also received through the Attorney General’s clergy abuse tip line: 1-844-324-3374. That has generated 750 tips related to abuse, leading to 112 police investigations, 180 victim interviews and 285 police reports. 

The Michigan Department of Attorney General’s clergy abuse investigation has resulted in 11 cases being prosecuted so far: 

  • Vincent DeLorenzo, who was a priest at Holy Redeemer Church in Burton, Michigan was arrested in Marion County, Florida in May 2019 and charged with three felony counts of first-degree criminal sexual conduct and three felony counts of second-degree criminal sexual conduct. A pre-trial hearing in Genesee County is scheduled for 9:30 a.m. Nov. 12, 2020. Click here for background
  • Jacob Vellian, a former priest at St. John the Evangelist Parish in Benton Harbor, was charged in May 2019 with two counts of rape. His extradition from India is in progress. Click here for background.  
  • Timothy Crowley, who was a priest at St. Thomas Rectory in Ann Arbor, was charged in May 2019 with four felony counts of first-degree criminal sexual conduct and four felony counts of second-degree criminal sexual conduct. He was arrested in Tempe, Arizona.  Crowley’s case was dismissed after a preliminary examination but the Attorney General’s office filed an appeal in December and it remains pending in Ann Arbor Circuit Court before the Hon. Archie Brown. Click here for background
  • Gary Jacobs, a priest at parishes in Ewen and Iron Mountain in the Upper Peninsula, faces a total of 10 criminal sexual conduct charges in five cases. He was arrested in January in Albuquerque, New Mexico. He has been bound over for trial and a Walker Hearing is scheduled for Nov. 6, 2020. Click here for background.
  • Roy Joseph, a priest in Marquette, was charged in Marquette County with one count of first-degree criminal sexual conduct. His extradition from India is in progress. Click here for background.
  • Neil Kalina, who was a priest at St. Kiernan Catholic Church in Shelby Township, was charged in May 2019 with two felony counts of second-degree criminal sexual conduct and arrested in Littlerock, California. His trial starts Nov. 19, 2020. Click here for background.
  • Joseph “Jack” Baker, a pastor at St. Mary Parish in Wayne and an associate pastor at Sacred Heart in Dearborn and at St. Hugo of the Hills Parish in Bloomfield Hills, was charged with one count of first degree criminal sexual conduct. He awaits a trial date in Wayne County Circuit Court and his next court date is October 19, 2020. Click here for background.
  • Joseph Comperchio, a teacher at St. John Elementary in Jackson County, was charged in September with two counts of first-degree criminal sexual conduct and four counts of second-degree criminal sexual conduct. He waived extradition and was returned to Michigan on Oct. 1, 2020.  His next court date is October 26, 2020. Click here for background.
  • Gary Berthiaume, a former priest at Our Lady of Sorrows in Farmington, was charged with one count of second-degree criminal sexual conduct, a 15-year felony. He was arrested in late September in Illinois, waived extradition and was returned to Michigan on Friday. He was arraigned Monday in Farmington District Court and given a $50,000 cash/surety bond. His next court date is Oct. 28 in the 47th District Court in Farmington.  Click here for background.
  • Patrick Casey, who was a priest at St. Theodore of Canterbury Parish in Westland, was charged with one felony count of third-degree criminal sexual conduct in May 2019.  He pleaded guilty to aggravated assault after a jury trial in Wayne County Circuit Court in October 2019 and served 45 days in the Wayne County Jail.  Click here for background.
  • Brian Stanley, who was a priest at St. Margaret’s Church in Coldwater, was charged with false imprisonment, pleaded guilty on Nov. 20, 2019 and was sentenced to 60 days in jail, probation and sex offender registration. Click here for background.  

For more information on the Attorney General’s clergy abuse investigation or to submit information, visit the department’s website. Information may also be provided by calling the investigation hotline at 844-324-3374 (Monday - Friday, 8 a.m. to 5 p.m.) or send information by email

Michigan Attorney General Clergy Abuse Investigation 705417 7 by Beverly Tran on Scribd


Absolutely gorgeous visual graphics.


Voting is beautiful, be beautiful ~ vote.©

Tuesday, October 20, 2020

DOJ Sues Google But Boo Boo Barr Has His Own Tales He Has Yet To Tell

Oh, the antitrust lawsuit against Google is far more protracted that what Boo Boo Barr is presenting.




Statement of the Attorney General on the Announcement Of Civil Antitrust Lawsuit Filed Against Google

Attorney General William P. Barr released the following statement:

“This morning the Department of Justice, along with eleven states, filed a civil lawsuit against Google for unlawfully maintaining a monopoly in general search services and search advertising in violation of the U.S. antitrust laws.  This is a monumental case for the Department of Justice and, more importantly, for the American consumer.

Today, millions of Americans rely on the Internet and online platforms for their daily lives.  For years, there have been broad, bipartisan concerns about business practices leading to massive concentrations of economic power in our digital economy.  Hearing those concerns, I have made it a primary commitment of my tenure as Attorney General for the Department of Justice to examine whether technology markets have been deprived of free, fair, and open competition.

To that end, the Department of Justice formally opened a review of online market-leading platforms in July 2019.  One part of this review is the Antitrust Division’s investigation of Google.  Over the course of the last 16 months, the Antitrust Division collected convincing evidence that Google no longer competes only on the merits but instead uses its monopoly power – and billions in monopoly profits – to lock up key pathways to search on mobile phones, browsers, and next generation devices, depriving rivals of distribution and scale.  The end result is that no one can feasibly challenge Google’s dominance in search and search advertising.

This lack of competition harms users, advertisers, and small businesses in the form of fewer choices, reduced quality (including on metrics like privacy), higher advertising prices, and less innovation.

The complaint filed today against Google is based on violations of the U.S. antitrust laws and is separate and distinct from concerns raised about content moderation and political censorship by online platforms.  As part of the Department’s broader review of market-leading online platforms, we listened to myriad public concerns about how online platforms fail their users.  While many of the concerns we heard were competition-related, others were not – like online child exploitation, public safety, and censorship.  Outside the Antitrust Division, the Department has considered these issues separately, including by advocating for Section 230 legislative reforms.  Our antitrust investigation of Google, by contrast, is based solely on traditional antitrust principles and is aimed at promoting consumer welfare through robust competition.  

Twenty-five years ago, the Department of Justice sued Microsoft, paving the way for a new wave of innovative tech companies – including Google.  The increased competition following the Microsoft case enabled Google to grow from a small start-up to an Internet behemoth.  Unfortunately, once Google itself gained dominance, it resorted to the same anticompetitive playbook.  If we let Google continue its anticompetitive ways, we will lose the next wave of innovators and Americans may never get to benefit from the “next Google.”  The time has come to restore competition to this vital industry.

Today’s challenge against Google – the monopoly gatekeeper of the Internet – shows the tremendous efforts of the Department, in particular the hardworking men and women of the Antitrust Division, and our state partners to restore competition in markets beholden to an unlawful monopolist.  This is an important milestone, but not the end of our review of market-leading online platforms.  The Department will continue to vigorously investigate and enforce the antitrust laws where appropriate to protect and promote competition in the digital economy for the benefit of the American consumer.”



Voting is beautiful, be beautiful ~ vote.©

Saturday, October 17, 2020

Why Paul Milgrom Won The Nobel Prize In Economics: Detroit Land Bank Authority & Technion - Auction Theory: "Don't Waste The Carcass"

Paul Milgrom was just awarded with the Nobel Prize in Economic for what is called Auction Theory.

Paul was born in Detroit.


Technion is a major player in the development of Predictive Modeling Crap for use in resegregation human asset management forfeiture databases for the maximization of revenues for those foreign Social Impact Bond programs through fake ass Public Private Partnerships, by pushing their Psychogroupies evolutionary psychology freaky ass ideas of using "The Poors" (always said with clinched teeth) to ultimately become one of those Noahide winners they like to promulgate throughout our institutions of learning and law, just so they do not waste any of their "forfeited for a civil debt" (a.k.a. poverty), carcass resources.

They call it Smart Cities.

Detroit was supposed to be a Smart City.

One of the examples was the use of auction for those who need kidneys to match with those who have kidneys, but no predictive modeling pareto optimizational use of that particular organ, in the maximization of revenues, just like what the Detroit Land Bank Authority is doing because it was set up by Donna "The Roach I Wish To Stomp, Shalala...the same roach who set up the Detroit Land Bank Authority, ASFA and Organ Registries.

I wonder if they are going to be using Tyler.




The importance of the auctions invented by the winners of the Nobel Prize in economics


Press release: The Prize in Economic Sciences 2020

English

Logo

12 October 2020

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 to

Paul R. Milgrom
Stanford University, USA

Robert B. Wilson
Stanford University, USA

“for improvements to auction theory and inventions of new auction formats”

 

Their theoretical discoveries have improved auctions in practice

This year’s Laureates, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers and taxpayers around the world.

People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer. Nowadays, objects worth astronomical sums of money change hands every day in auctions, not only household objects, art and antiquities, but also securities, minerals and energy. Public procurements can also be conducted as auctions.


Using auction theory, researchers try to understand the outcomes of different rules for bidding and final prices, the auction format. The analysis is difficult, because bidders behave strategically, based on the available information. They take into consideration both what they know themselves and what they believe other bidders to know.


Robert Wilson developed the theory for auctions of objects with a common value – a value which is uncertain beforehand but, in the end, is the same for everyone. Examples include the future value of radio frequencies or the volume of minerals in a particular area. Wilson showed why rational bidders tend to place bids below their own best estimate of the common value: they are worried about the winner’s curse – that is, about paying too much and losing out.


Paul Milgrom formulated a more general theory of auctions that not only allows common values, but also private values that vary from bidder to bidder. He analysed the bidding strategies in a number of well-known auction formats, demonstrating that a format will give the seller higher expected revenue when bidders learn more about each other’s estimated values during bidding.


Over time, societies have allocated ever more complex objects among users, such as landing slots and radio frequencies. In response, Milgrom and Wilson invented new formats for auctioning off many interrelated objects simultaneously, on behalf of a seller motivated by broad societal benefit rather than maximal revenue. In 1994, the US authorities first used one of their auction formats to sell radio frequencies to telecom operators. Since then, many other countries have followed suit.


“This year’s Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally. Their discoveries are of great benefit to society,” says Peter Fredriksson, chair of the Prize Committee.


Illustrations

The illustrations are free to use for non-commercial purposes. Attribute ”© Johan Jarnestad/The Royal Swedish Academy of Sciences”

Read more about this year’s prize

 

Paul R. Milgrom, born 1948 in Detroit, USA.
Ph.D. 1979 from Stanford University, Stanford, USA. Shirley and Leonard Ely Jr. Professor of Humanities and Sciences, Stanford University, USA.

Robert B. Wilson, born 1937 in Geneva, USA.
D.B.A. 1963 from Harvard University, Cambridge, USA. Adams Distinguished Professor of Management, Emeritus, Stanford University, USA.

 

The Prize amount: 10 million Swedish kronor, to be shared equally between the Laureates.
Further information: www.kva.se and www.nobelprize.org
Press contact: Eva Nevelius, Press Secretary, +46 70 878 67 63, eva.nevelius@kva.se
Experts: Tommy Andersson, +46 73 358 26 54, tommy.andersson@nek.lu.se, Tore Ellingsen, +46 70 796 10 49, tore.ellingsen@hhs.se, Torsten Persson, +46 79 313 39 04, torsten.persson@iies.su.se, Committee for the Prize in Economic Sciences in Memory of Alfred Nobel



The Royal Swedish Academy of Sciences, founded in 1739, is an independent organisation whose overall objective is to promote the sciences and strengthen their influence in society. The Academy takes special responsibility for the natural sciences and mathematics, but endeavours to promote the exchange of ideas between various disciplines.


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The following is an email from the fake ass Detroit Land Bank Authority and its practical use of auction "reuse" theory.

Hello,

 

You’re receiving this email because our records show you have purchased and rehabbed a home through Detroit Land Bank Authority’s Auction or Own it Now Program.

 

We’re reaching out today to inform you of new Land Reuse Programs DLBA is launching throughout the remainder of 2020! DLBA is partnering with City of Detroit’s Department of Neighborhoods to present on new, exciting programs like Neighborhood Lots, where residents will be able to purchase vacant lots within 500 feet of their home.

Zoom - Join Zoom Meeting

Meeting ID: 363 140 9738#
Dial in

+1(929) 436-2866

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+1(346) 248-7799

 

Additional information can be found about Land Reuse Programs at buildingdetroit.org/land-reuse-programs/

 

Head to the Neighborhood Lots page and enter your home address to see if there are Neighborhood Lots listed in your area: https://buildingdetroit.org/sidelots/index/neighborhood/

 

Specific property inquiries can be directed to inquire@detroitlandbank.org

 

 

 

**This email is sent from an account we use for sending messages only. If you have questions, please do not reply directly. Submit general questions to inquire@detroitlandbank.org or to landreuse@detroitlandbank.org if they are questions regarding DLBA’s Land Reuse Programs. **




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