Showing posts with label Och-Ziff. Show all posts
Showing posts with label Och-Ziff. Show all posts

Wednesday, October 2, 2019

Vatican Raid Initiates Canon Defrocking Process

Tsk, tsk, tsk.

We have canon violations going on.....

"…[i]n the writings of Nicholas, the Roman pontiff, it is narrated that the same Constantine said: 'Truly if my own eyes had seen a priest of God or any of those who wrap themselves in the robes of the monastery sinning, my cloak would have been stretched out and would have covered him up, so that no other would see him."




John of Salisbury, c1129, Policraticus

#maytheheavensfall

After Vatican raid, 5 officials and employees suspended

St. Peter's Basilica. Credit: feliks/Shutterstock.
Vatican Bank - IOR
Vatican City, Oct 2, 2019 / 12:43 pm (CNA).- An Italian news magazine has reported that five Vatican employees have been suspended following an Oct. 1 raid of offices within the Vatican’s Secretariat of State.

An Oct. 2 internal memo from the government of the Vatican City State conveyed that the five employees have been “suspended from service.” The memo was published by L’Espresso.

Among the apparently suspended employees is Msgr. Mauro Carlino, who oversees documentation at the Secretariat of State, along with layman Tomasso Di Ruzza, director of the Vatican’s Financial Intelligence Authority.

Two other men and one woman are also listed as suspended.

The suspensions follow an Oct. 1 raid authorized by prosecutors in the Vatican City court system.

Documents and devices were taken in connection to an investigation following complaints made last summer by the Institute for Religious Works - commonly called the Vatican Bank - and the Office of the Auditor General, concerning a series of financial transactions "carried out over time," an Oct. 1 Vatican statement said.

The Secretariat of State is the central governing office of the Catholic Church and the department of the Roman Curia which works most closely with the pope. It is also responsible for the governance of the Vatican City state.

The suspension memo says that Carlino will continue to live at the Domus Sanctae Martha, the residence at which Pope Francis also lives, and that the suspended employees can enter Vatican City State to access health services, or if a Vatican magistrate approves their admission.

The Vatican’s Financial Intelligence Authority oversees suspicious financial transactions, and is charged with ensuring that Vatican banking policies comply with international financial standards.

Pope Francis approved new governing documents for the Vatican Bank last summer, transitioning the bank from its practice of using internal auditors to the use of an external auditor to review the bank’s finances and transactions. The bank has a long history of complex financial transactions, has faced scandals, and been criticized for a lack of financial transparency.

The pope has made reforms at the Vatican Bank a priority of his pontificate.

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Vatican Police Raid Holy See Bank For Stealin' Children, Land & Votes

It seems the children's trusts have been found.

Praise the lord.

Image result for Institute for Works of Religion
https://en.wikipedia.org/wiki/Institute_for_the_Works_of_Religion
www.ior.va

https://www.ncronline.org/organization/institute-works-religion

https://www.ncronline.org/news/quick-reads/pope-approves-new-statutes-vatican-bank

Vatican police raid top offices in financial investigation

VATICAN CITY (Reuters) - Vatican police raided the offices of the Holy See's Secretariat of State and its Financial Information Authority, or AIF, on Tuesday and took away documents and electronic devices as part of an investigation of suspected financial irregularities, a Vatican statement said.

It was believed to be the first time the two departments were searched for evidence involving alleged financial crimes.

The Secretariat of State, the most powerful department in the Vatican, is the nerve centre of its bureaucracy and diplomacy and the administrative heart of the worldwide Catholic Church.

The AIF, headed by Swiss lawyer Rene Bruelhart, is the financial controller, with authority over all Vatican departments.

The Vatican statement gave no details except to say that the operation was a follow-up to complaints filed in the summer by the Vatican bank and the Office of the Auditor General and were related to "financial operations carried out over the course of time".

A senior Vatican source said he believed the operation, which the statement said had been authorised by Vatican prosecutors, had to do with real estate transactions.

Since the election of Pope Francis in 2013, the Vatican has made great strides in cleaning up its often murky financial reputation.

Last year, a former head of the Vatican bank and an Italian lawyer went on trial to face charges of money laundering and embezzlement through real estate deals. It is still in progress.

In May, the AIF said reports of suspicious financial activity in the Vatican reached a six-year low in 2018, continuing a trend officials said showed reforms were in place.

For decades, the bank, officially known as the Institute for Works of Religion, or IOR, was embroiled in numerous financial scandals as Italians with no right to have accounts opened them with the complicity of corrupt insiders.

Hundreds of accounts have been closed at the IOR, whose stated purpose is to manage funds for the Church, Vatican employees, religious institutes or Catholic charities.

In 2017, Italy put the Vatican on its "white list" of states with cooperative financial institutions, ending years of mistrust.

The same year, Moneyval, a monitoring body of the Council of Europe, gave Vatican financial reforms a mostly positive evaluation.

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Tuesday, May 21, 2019

Cocktails & Popcorn: Deutsche Bank Busted Trying To Cover Up Stealin' From The U.S. Treasury - The Treasonous Tale of the Missing SARs

Gather round, my dearies, for I shall tell the tale of Deutsche Bank and the missing SARs.

The New York Times published an article with a toll, that said Deutsche Bank employees were so scared of Trump because of Cohen that they never filed mandated by the U.S. Treasury, Financial Crimes Network, Suspicious Activity Reports, so affectionately called SARs.


As we all know, no one is going to subscribe and pay to read an article when they can just watch youtube or your media news source of choice.

The only one who attempted to cover the tale of the missing SARs was Rachel Maddow, of whom continues to be stunning in her abilities to take the besmirching her profession to levels, unprecedented in paid speech.


She cited the tolled New York Times article as her source, a second hand source, without mentioning the missing SARs from the U.S. Treasury Financial Crimes Network, that was put out in a DOJ press release, that I published, pushing the jejune plot of the "Legal Geniuses" (trademark pending) over there at Deutsche Bank of employees being so scared of Trump that they would rather risk being charged with treason than to report treason?

That is treason.


Michael Cohen was that Och Ziff financial management guy over the Children's Trust Funds.


Anyway, that ends the tale of Deutsche Bank trying to implement another one of those schemes concocted by the "Legal Geniuses" (trademark pending) to cover up its money laundering activities, I would most definitely call treason.

Stealin' from the U.S. Treasury is treason.

I wish someone would just #sayhisname so we can get this Cocktails & Popcorn party started!

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Thursday, August 16, 2018

Pennsylvania Uncloaks Child Welfare Fraud In The U.S. & Around The World - Welcome To Detroit

Image result for hiding in plain sight
For there are eunuchs who were born that way; others were made that way by men;
 and still others live like eunuchs for the sake of the kingdom of heaven. 
The one who can accept this should accept it.” 
Then the little children were brought to Jesus for Him to place His hands on them 
and pray for them; and the disciples rebuked those who brought them. 
But Jesus said, “Let the little children come to Me, and do not hinder them! 
For the kingdom of heaven belongs to such as these.”…
Q; Where is the best place to hide if you are into doing nasty things to tiny humans?

A: In plain sight.

In this particular development of an international take down of child welfare fraud in the name of the christian tax exempt god, you have only one, small area, that is being unveiled, and that is the ecclesiastic structure of the Catholic Church, Holy See.

For those of you who are unaware, there are major criminal trials going on dealing with individuals over the fraudulent financial activities, collapsing the Vatican Bank, child trafficking and child pornography.

There are Catholic issues dealing with the trafficking of tiny humans in Argentina.

There are Catholic issues dealing with the trafficking of tiny humans in India.

There are Catholic issues dealing with the trafficking of tiny humans in the U.S. child welfare system of foster care and adoption, including refugees, the international term for foster care and adoption.)

But have no fear, we shall soon get to the religious factions of trafficking tiny humans operations in Islam and Judaism, shortly, because it is important to understand that each religion has a unique, historical approach when it comes to chattel law.

I know, personally, as the original source, that the Holy See, and the Archdiocese of Detroit know, in detail, of what goes on in the name of god when it comes to children in their care.

How do I know?

They sent me a letter, in response to a federal legal action, that said, in general:

"Whoops, our bad.  We so sorry."
signed by the attorneys for the Archdiocese of Detroit and the Holy See.

Always remember, you can not stop those who never get caught.

Stay tuned, we shall soon be entering the nasty, deep, dark world of the christians, when it comes to child welfare fraud, and something tells me that our point of departure is going to be Detroit, because it all started in Detroit.

It is all about the Public Private Partnerships, or rather the no-bid contracts.

Detroit has been trafficking tiny humans since the Underground Railroad, seriously, think about it.

So far, only 6 dioceses in Pennsylvania have been completed by the grand jury.

We still have 48 contiguous states, with Alaska, Hawaii, all U.S. Territories and any other area of the world where the U.S. has a military presences, to uncloak.

"…[i]n the writings of Nicholas, the Roman pontiff, it is narrated that the same Constantine said: 'Truly if my own eyes had seen a priest of God or any of those who wrap themselves in the robes of the monastery sinning, my cloak would have been stretched out and would have covered him up, so that no other would see him."

John of Salisbury, c1129, Policraticus

Priests with ties to Detroit among 300 accused in Pa. sex report

Three priests with ties to Metro Detroit are among 300 Roman Catholic priests in Pennsylvania accused of molesting more than 1,000 children since the 1940s, according to a state grand jury report released Tuesday that accused senior church officials of covering up complaints.
The accused include:

♦Ronald Yarrosh, who worked as an assistant promotion director for the Pontifical Institute for Foreign Missions in Detroit in 1974 and 1975. He returned to Detroit from 1977 to 1981.

Yarrosh worked in Pennsylvania parishes from 1982 until April 2004, when the Pennsylvania State Police searched his rooms found a "tremendous amount" of child pornography, the grand jury's report said.

The Pennsylvania State Police filed 110 counts of sexual abuse of children against Yarrosh after discovering hundreds of child pornography photos, books, magazines, videos and DVD's in his possession.

♦Robert E. Spangenberg, who worked an associate pastor at Old St. Mary's in Detroit's Greektown, sometime between 1974 and 1977, starting a new job in a parish in Pennsylvania in 1977. He worked in parishes in five other states through 1997.

The diocese was first notified of a problem with Spangenberg's ministry in 1988. A woman wrote to the diocese and to the Vatican in order to obtain help for her son, the report says.

Documents provided by the Diocese of Pittsburgh show Spangenberg was involved with at least two children. The report does not say where those alleged incidents occurred.
Spangenberg died in 2006.

♦Anthony J. Cipolla, who was a priest from 1972 to 2002 in multiple parishes in Pennsylvania.
Cipolla was first accused of sexually abusing children, specifically, two brothers who were ages 9 and 12 in 1978 while Cipolla was assigned to St. Francis Xavier in Pittsburgh. The abuses occurred in Cipolla' s bedroom in the rectory and also in a hotel room in Dearborn, the report said.

Cipolla was moved by his superiors from parish to parish throughout the diocese several times during his tenure, for a total of eight moves in a 16-year period, the report says.

Cipolla died in 2016.

An official with the Archdiocese of Detroit confirmed Wednesday that Yarrosh and Spangenburg worked in Detroit. No record of Cipolla serving in ministry in the archdiocese was found, said Holly Fournier, a spokeswoman for the Archdiocese of Detroit.

Fournier said the Pontifical Institute for Foreign Missions confirmed that from 1977-81, Yarrosh was based in Detroit while traveling the country to make mission appeals during masses.

"We have no records of allegations brought to the AOD. In addition, we weren’t notified by his order or the Allentown diocese regarding the later allegations," Fournier said of Yarrosh.

Fournier said Spangenburg was a religious order priest, with the Congregation of the Holy Spirit Province of the United States, also known as Spiritans.

"He briefly served as associate pastor at Old St. Mary’s in Greektown from July 1975 until December of that same year when he moved to a parish in Pittsburgh," Fournier said.

"We have no records of allegations brought to the AOD. In addition, we weren’t notified by his order or the Pittsburgh diocese regarding the later allegations," she said.

Fournier said regarding Cipolla, she found an article that indicates he may have taught at St. Anselm School in Dearborn Heights for one year, in the late 1960s or early '70s.

"This would have been before his ordination into the priesthood in 1972. However, we were unable to find any record of his employment, so we can’t confirm this," she said.

The archdiocese has no records of allegations against Cipolla, she said.

"The accusations against him, including about an incident in Dearborn, were brought to Pittsburgh police and the Pittsburgh diocese. To our knowledge, the abuse was not reported to Dearborn police, and the Pittsburgh diocese did not advise us on this case," Fournier said.

On Monday, Detroit Archbishop Allen H. Vigneron issued a letter calling for an accounting for the failures that have occurred.

"This summer’s news reports affirm why we — as bishops, priests, Church representatives and lay people — must be ever vigilant to protect children from abuse and must re-double our efforts of outreach and healing to those most harmed by sexual abuse," Vigneron said in his letter.

The roughly 900-page report accused senior church officials, including a clergyman who is now the archbishop of Washington, D.C., of systematically covering up complaints.

The “real number” of abused children and abusive priests might be higher since some secret church records were lost and some victims never came forward, the grand jury said.

U.S. bishops adopted widespread reforms in 2002 when clergy abuse became a national crisis for the church, including stricter requirements for reporting accusations to law enforcement and a streamlined process for removing clerics who abuse children. But the grand jury said more changes are needed.

"Despite some institutional reform, individual leaders of the church have largely escaped public accountability,” the grand jury wrote in the report. “Priests were raping little boys and girls, and the men of God who were responsible for them not only did nothing; they hid it all.”

Top church officials have mostly been protected and many, including some named in the report, have been promoted, the grand jury said, concluding that “it is too early to close the book on the Catholic Church sex scandal.”

In nearly every case, Pennsylvania prosecutors found that the statute of limitations has run out, meaning that criminal charges cannot be filed.

More than 100 of the priests are dead. Many others are retired or have been dismissed from the priesthood or put on leave. Authorities charged just two as a result of the grand jury investigation, including a priest who has since pleaded guilty, though some of those named had been charged years ago.

The investigation of six of Pennsylvania’s eight dioceses — Allentown, Erie, Greensburg, Harrisburg, Pittsburgh and Scranton — is the most extensive investigation of Catholic clergy abuse by any state, according to victim advocates. The dioceses represent about 1.7 million Catholics.

Details on the allegations against Yarrosh say on April 29, 2004, he was removed from priestly ministry and entered a hospital for evaluation and treatment.

On May 12, 2004, the Pennsylvania State Police filed 110 counts of sexual abuse of children against him. Yarrosh pleaded guilty to charges of theft and possession of child pornography and was sentenced to three to 23 months.

After his release in 2005, Yarrosh registered with the Pennsylvania State Police as a sexual offender. Yarrosh was still a priest, the report says.

In November 2006, it was discovered that Yarrosh had taken trips to New York City with a 7-year-old child, the report says. Yarrosh also was found to be in possession of pornography, in violation of his court supervision.

Yarrosh was sentenced to 4 to 10 years in state prison for violating the terms of his supervision. In June 2007, the diocese dismissed Yarrosh from the priesthood.

Pontifical Institute for Foreign Missions remains in operation in Detroit. No one from the organization was immediately available for comment.

The grand jury report on Spangenberg did not provide a date for his employment in Detroit. Records indicate it was likely between 1974 and 1977.

According to the report, the state grand jury said most information on Spangenberg came through newspaper articles and Spangenberg's own obituary.

The Diocese of Pittsburgh was first notified that there was a problem with Spangenberg's ministry in 1988. A woman wrote to the diocese and to the Vatican, naming Spangenberg as her son's abuser.

She stated another priest from Spangenberg's order was helping them with counseling. She wrote that she was upset that her letter was simply "noted" and that she has not heard from anyone regarding the matter since.

Officials did not take the accusation by the victim's family seriously enough to remove him, the report says, but they did reassign Spangenberg to a retirement home in Florida.

The grand jury report says in 2009, an adult male reported that when he was 15 to 16 years of age, he and Spangenberg engaged in sexual encounters.

The boy reported that he was involved in street prostitution with young boys known as "Hustlers." He was befriended by Spangenberg and said Spangenberg promoted the activity by engaging the boy in sexual activities after he ran away from home.

Spangenberg also paid the boy a finder's fee for him to locate younger hustlers to have sex with, the report says. The boy reported that Spangenberg enjoyed sniffing glue while Spangenberg performed oral sex on him.

The report said Spangenberg would pay for his sexual services with money from the collection box, typically one-dollar bills, and also would pay the boy in drugs and alcohol.

In Cipolla's case, criminal charges were filed again him after the victims' mother called the Pittsburgh Police Department.

The report says the charges were not pursued to a conclusion because, according to the mother, she was harassed and threatened by church officials to drop the charges and to "let the church handle it."

Members of the Pittsburgh Police Department who investigated the abuse of the brothers testified before the grand jury. They interviewed the first victim, who said on July 25, 1978, he had gone to St. Francis Xavier church/rectory for communion instructions.

The victim reported that he was taken to Cipolla's bedroom after he had answered some questions on his catechism instructions.

In the bedroom, the victim was told, "I (Cipolla) did this to you before. I'll do this again."

According to the victim, Cipolla shut all of the curtains and told the victim to take off his clothes.

Cipolla took all of his clothes off and Cipolla placed a thermometer in the boy's mouth and a stethoscope to his chest and told him he was going to examine him again.

The boy reported that Cipolla proceeded to molest and sexually assault him.

Cipolla told him that this was their secret and it would be a sin if he told anyone. He was made to sign a paper saying he would not tell anyone, the report said.

Detectives were told by parents that when the victim came home, he seemed scared. When they questioned him about it, he told them what had happened.

The second victim was interviewed by the detectives and reported that he was a victim of the same type of conduct as his brother. He believed that these incidents occurred "during the early vacation period of the summer of 1977."

He explained that after school let out for the summer and before a trip to Dearborn, he was told to get a physical examination.

Cipolla informed his mother that if her son came to the rectory, he would check her son's heart and blood pressure and they would not have to spend any money.

When the second victim arrived at the rectory, he was told to take off all of his clothing. Cipolla took his blood pressure, checked his heart with a stethoscope, then sexually assaulted him.

The first victim explained to the grand jury how the abuse affected his life, the report said.

"He noted his suffering (losing his father to suicide and losing his brother who was struck and killed by a car) and stated that he would have been able to handle it better 'without [the sexual abuse] happening to me, you know. I feel like I would've had a way more sound mind,' " the report said.

He said, "Basically, when a child is fooled with in any way, shape, or form, it is a lasting injury. It is a lifelong injury...I still have, you know, my issues with authority at points; and I still have my anger issues, but making great strides," he said.

"And if there is anything that you as a grand jury can do to ensure that you -- if you can save just one child, I have done my job. You have done yours. Please, please protect the children. Please."

All Hail The Whistleblowers: Pennsylvania Attorney General Josh Shapiro Announces Grand Jury Report Of Sexual Abuse Of Children By Catholic Dioceses & Vatican

Learn more: BEVERLY TRAN: All Hail The Whistleblowers: Pennsylvania Attorney General Josh Shapiro Announces Grand Jury Report Of Sexual Abuse Of Children By Catholic Dioceses & Vatican http://beverlytran.blogspot.com/2018/08/all-hail-whistleblowers-pennsylvania.html#ixzz5OMqKtFXe
Stop Medicaid Fraud in Child Welfare 

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Tuesday, July 17, 2018

Cocktails & Popcorn: Day 20.2. Was Strzok Getting a Second Paycheck From CIA and Brennan? Like Father, Like Son?

He forgot to say Perkins Coie Sucks, so, on his behalf, I shall.



Voting is beautiful, be beautiful ~ vote.©

Cocktails & Popcorn: Day 20.1 Did Browder Run The Ziff Bros Hacking Team In Moscow?

Before watching this video about Detroit, please keep close to your heart the fact that Perkins Coie Sucks.



Learn more: BEVERLY TRAN: DOJ Should Do Onto Perkins Coie As They Have Done Onto Och-Ziff http://beverlytran.blogspot.com/2018/01/doj-should-do-onto-perkins-coie-as-they.html#ixzz5LXF3SAHu
Stop Medicaid Fraud in Child Welfare 



Thursday, January 11, 2018

DOJ Should Do Onto Perkins Coie As They Have Done Onto Och-Ziff

Besides the fact that Perkins Coie still sucks, it has structured under its SEC application as TWB Partnership, an asset management under the 1940 Investment Company Act.

1940, that is correct, 1940.

The SEC has not been updated of its oversight for mutual funds and hedge funds.

Basically, the way the law is written, the SEC does not have the regulatory authority to call out fraud or any other money laundering activity, which seems that Perkins Coie may be engaging in similar activities as Och-Ziff Capital Management.


DOJ Systematically Takes Down Clinton Foundation Donors


The DOJ should do onto Perkins Coie what they have done onto Och-Ziff, because it is all connected to the Clinton Foundation.

SEC Application of Perkins Coie TWB Investment Partnerships SEC 2008 by Beverly Tran on Scribd



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Thursday, January 4, 2018

DOJ Systematically Takes Down Clinton Foundation Donors

Och-Ziff Capital Management was a major donor to the Clinton Foundation.

Most of the major donors of the Clinton Foundation are part of the social impact bond scheme of privatization, which always begins with child welfare because no one cares.

Now, DOJ cares.


Former Executive Managing Director of Och-Ziff Capital Management Indicted for Defrauding Charitable Foundation and Obstructing Justice

Michael Leslie Cohen
A 10-count indictment was unsealed today, in federal court in Brooklyn, charging Michael Leslie Cohen, a former executive managing director of New York-based hedge fund Och-Ziff Capital Management Group LLC (“Och-Ziff”), for his alleged participation in a scheme to defraud one of the hedge fund’s clients, a large charitable foundation, when recommending financial investments relating to the African mining sector.  Cohen is charged with one count of conspiracy to commit investment adviser fraud, one count of investment adviser fraud, one count of conspiracy to commit wire fraud, and four counts of wire fraud.  Cohen is also charged with conspiring to obstruct federal grand jury and U.S. Securities and Exchange Commission (SEC) investigations and making false statements to federal agents.  The indictment was returned under seal by a federal grand jury sitting in Brooklyn, New York on October 5, 2017, and relates to Cohen’s alleged conduct between 2008 and 2013.   
Bridget M. Rohde, Acting United States Attorney for the Eastern District of New York, Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division, William F. Sweeney, Jr., Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI), and James D. Robnett, Special Agent-in-Charge, Internal Revenue Service Criminal Investigation, New York (IRS-CI), announced the charges.  

“As alleged, Michael Cohen violated his fiduciary duties as an investment advisor, deceiving a charitable foundation, in order to enrich himself and his associates,” stated Acting United States Attorney Rohde.  “The deceit continued when he learned that the U.S. government was investigating his activities, was confronted with evidence of the alleged crimes and responded with a cover-up.  The charges announced today reflect this Office’s commitment, together with our law enforcement partners, to hold accountable those in the finance industry who defraud investors.”  Ms. Rohde thanked the SEC, Boston Regional Office, for its significant cooperation and assistance during the investigation. 

“As alleged, Cohen turned his back on his fiduciary duties, profiting from the investments of his clients, essentially double dipping at their expense. His further actions of obstructing justice and lying to federal agents speak to his blatant disregard for integrity and the rule of law,” stated FBI Assistant Director-in-Charge Sweeney. “Today's indictment maintains our resolve to hold accountable those who engage in this type of corrupt and illegal activity.”
 “Today’s indictment of Mr. Cohen, a former Managing Director of one of the largest hedge funds, alleges the misuse of his position of trust to deceive a charitable foundation,” stated IRS-CI Special Agent-in-Charge Robnett.  “IRS-CI will continue to investigate executives who mislead investors and violate the public trust.”
The indictment alleges that, beginning in or about 2008, Cohen and his co-conspirators carried out a scheme to defraud a large charitable foundation and investor (the “Charitable Foundation”).  Cohen violated his fiduciary duties to the Charitable Foundation by making material misrepresentations and omissions in connection with a proposed investment in shares of an African mining company.  Through an Och-Ziff investment fund and joint venture overseen by the defendant, Cohen fraudulently induced the Charitable Foundation to consent to the purchase of shares in the African mining company without disclosing numerous conflicts of interest that existed in the transaction.  Among other things, Cohen failed to disclose that one of the proposed sellers of the shares personally owed Cohen $18 million – for a loan used to finance a luxury yacht – and would use the proceeds from the sale of shares to partially repay his debt to Cohen.  Cohen also failed to disclose that he personally controlled another portion of the shares in the African mining company that would be sold as part of the transaction.

The indictment further alleges that in order to conceal his fraudulent scheme and self-dealing, Cohen conspired with others to cover up facts about the transaction after the SEC began an investigation of Och-Ziff in 2011.  Cohen and others engaged in a number of acts to obstruct both the federal grand jury and SEC investigations, including concocting a false, backdated letter and making false statements to federal agents and the SEC. 
The charges in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty.
The case is being handled by the Office’s Business and Securities Fraud Section and the Criminal Division’s Fraud Section.  Assistant United States Attorneys David C. Pitluck, James P. McDonald and Jonathan P. Lax, and Trial Attorney Gerald M. Moody, Jr., are in charge of the prosecution.  The Criminal Division’s Office of International Affairs provided significant assistance in this matter.

The Defendant:

MICHAEL LESLIE COHEN
Age: 46
Residence: London, England

E.D.N.Y. Docket No. 17-CR-544 (NGG)


Here is a bit of a backgrounder.

Accounts reveal huge dividends paid to hedge fund tycoon Michael Cohen

Mr Cohen is reported to have earned hundreds of millions of pounds in his time running the operation’s investments in Europe, Africa and the Middle East.

The London hedge fund tycoon whose division is being investigated by the US authorities over alleged corruption in Africa was paid more than £5.5m in the year before he retired at 41, 
 show.

Michael Cohen set up and ran the hugely successful London arm of Och-Ziff, the giant New York hedge fund.

He is reported to have earned hundreds of millions of pounds in his time running the operation’s investments in Europe, Africa and the Middle East, and lives in a 930-acre Hampshire estate once home to the Duke of Wellington.

But it is his investments in Africa for which his London operations are now becoming best known. The US Department of Justice and the Securities and Exchange Commission announced in the spring that they were investigating the firm’s operations in Africa.

Reports last week claimed the investigators were focusing on payments allegedly made by Och-Ziff to a middleman called Mohamad Ali Ajami to secure an investment of $300m (£190m) from the Libyan sovereign wealth fund during the Gaddafi era. It is not known if Mr Cohen is personally under investigation.

Recently filed figures from Och-Ziff Management Europe show that Mr Cohen was paid £5.5m in 2012 and what was described as “a portion” of a £3.6m payment to directors last year – for his final few months in office.

Sources close to Mr Cohen said the payment was made in the form of dividends from shares he has built up in the US parent company. They denied the sums had amounted to a payoff.

 The accounts show that Och-Ziff’s “code staff” – meaning employees taking important investment decisions under UK regulatory definitions – were paid £36m last year. The company said it employed 36 “investment professionals” at that time.

Och-Ziff’s London office has been involved in numerous controversial deals in Africa, including an investment in Camec, a London Stock Exchange-listed company which gave $100m to the government of Robert Mugabe as a loan in return for a stake in platinum assets in Zimbabwe. Camec says the funds went to a series of international creditors, primarily for seeds, grain, fertiliser and fuel.

Critics say the loan allowed Mr Mugabe to fund, and win, his violent 2008 election contest with Morgan Tsvangirai.

Documents seen by The Independent from a 2007 tax presentation for Och-Ziff by PricewaterhouseCoopers highlight the circle of African fixers and investors with whom Mr Cohen mixed.

The presentation outlines the tax structure of a private equity fund being planned to invest in African mining and minerals, called the Africa Fund. It says Och-Ziff was to invest $300m, with decisions made by an “investment committee” including Mr Cohen, the then-JPMorgan mining banker Lloyd Pengilly and Walter Hennig – a controversial South African diamond trader. Other powerful African business leaders on the committee included Tokyo Sexwale, Mark Wilcox and Mikki Xayiya.

Mr Hennig’s Palladino investment vehicle was later mired in controversy over a $25m loan to the government of Guinea which was reportedly made in return for a potential 30 per cent slice of the mineral-rich country’s national mine company. Guinea eventually cancelled the deal and repaid the loan after negative publicity about it in the British press.

It seems they have exited the real estate foreclosure business.


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