WILL UBS LOOSE ITS USA CHARTER?
ABC News reports: “In court documents, federal prosecutors say UBS bankers helped set up many of the secret accounts in Liechtenstein and, overall, hid as much $20 billion belonging to US citizens. … UBS is extremely vulnerable to losing their license in the US.” C1 We cannot see how UBS will be allowed to continue doing business within the United States considering the contents of this newsletter, irrefutable future documented disclosures as well as current investigations of US Federal Prosecutors. Since this ABC article was created December 12, 2008 UBS has violated a suppressed USA Federal criminal parole (United States of America v UBS AG, Case 09-60033-CR-Cohn, Miami, Florida) with more than 23 additional major US Federal criminal violations. Eric Holder will take no action. We now have UBS AG (Switzerland) Chairman and University of Chicago professor Axel A Weber being allowed to keep the USA Charter after defending UBS AG Libor UBS criminal violations. Reliable UBS sources say UBS AG Chairman Weber is allegedly involved in the University of Chicago Obama Presidential library, anonymously.
USA Attorney General Eric Holder
AGAIN, OBAMA USA ATTORNEY GENERAL ERIC HOLDER TAKES TOKEN ACTION AGAINST UBS LIBOR MANIPULATIONS, FOR SOMETHING
Rolling Stone reports: “Breuer was back in front of the press, giving a cushy deal to another huge international firm, the Swiss bank UBS, which had just admitted to a key role in perhaps the biggest antitrust/price-fixing case in history, the so-called LIBOR scandal, a massive interest-raterigging conspiracy involving hundreds of trillions (“trillions,” with a “t”) of dollars in financial products. While two minor players did face charges, Breuer and the Justice Department worried aloud about global stability as they explained why no criminal charges were being filed against the parent company. ‘Our goal here,’ Breuer said, ‘is not to destroy a major financial institution.’ A reporter at the UBS press conference pointed out to Breuer that UBS had already been busted in 2009 in a major tax-evasion case, and asked a sensible question. ‘This is a bank that has broken the law before,’ the reporter said. ‘So why not be tougher?’ ‘I don’t know what tougher means,’ answered the assistant attorney general. … UBS, meanwhile, was a similarly elemental case, in which the offenses didn’t just violate the letter of the law – they threatened the integrity of the competitive system. … And when you admit that some people are too important to prosecute, it’s just a few short steps to the obvious corollary – that everybody else is unimportant enough to jail. An arrestable class and an unarrestable class. We always suspected it, now it’s admitted. So what do we do?” C2 At this time it is not known if UBS AG Chairman Axel A Weber is an international bundler for the Obama Library commitments. Will UBS AG’s Charter to do business in US ever be revoked for continuing USA Federal criminal violations?
NEW CONNECTIONS FOR UBS AG CHAIRMAN WEBER/OBAMA INFLUENCE
New York Times reports: “Unlike a presidential campaign, Organizing for Action has been set up as a tax-exempt ‘social welfare group.’ That means it is not bound by federal contribution limits, laws that bar White House officials from soliciting contributions, or the stringent reporting requirements for campaigns. In their place, the new group will self-regulate. Officials said it would voluntarily disclose the names of large donors every few months and would not ask administration personnel to solicit money, though Obama aides will probably appear at some events. … Mr. Obama’s new organization has drawn rebukes in recent days from watchdog groups, which view it as another step away from the tighter campaign regulation Mr. Obama once championed. Over the past two years, he has reversed course on several campaign finance issues, by blessing a super PAC created by former aides and accepting large corporate contributions for his second inauguration.” C3 Like an octopus UBS is regenerating it’s Obama/UBS connection. UBS must rely upon Obama else lawyers representing UBS Client victims suing UBS will put UBS AG out of business.
UBS AG CHAIRMAN AXEL A WEBER TAUGHT/TEACHES AT U OF CHICAGO!
UBS says Axel A Weber: “was a visiting professor at the University of Chicago Booth School of Business from 2011 to 2012.” C4 University of Chicago says: “Professor Dr. Axel A. Weber was Director of the Center for Financial Studies from 1998 until 2002 and has been a CFS Senior Fellow since mid-2011. He is a board member and Chairman of the board of UBS and he teaches at the University of Chicago Booth School of Business.” C5 Why would UBS contradict the truthful University of Chicago? What is so important about the dates of UBS Chairman Axel A Weber’s continued Chicagoland presence? So what if UBS AG (Swiss) Chairman Weber is on various boards/committees with Chicagoland politicos and other Obama cronies. UBS AG Chairman is at very least a collector of international boards/committees. This is where Axel’s power emanates. Those board/committee foreign members can legally donate money to the Obama U of Chicago Presidential library anonymously. Why lie.
UNIVERSITY OF CHICAGO OBAMA PRESIDENTIAL LIBRARY ANONYMOUS DONORS!
Chicago Sun Times reports: “Political Science Professor Charles Lipson said. ‘It will not be a disinterested, scholarly institution. It will be advancing a political agenda, funded by President Obama’s political allies, including foreign donors who cannot give money to his presidential campaigns.’ … Lipson has made his case to the university president, provost and his fellow professors many of whom are Obama’s close friends, neighbors and donors. … brand new this year … ‘David Axelrod’s Institute of Politics is meant to be a vehicle for students to get experience in political organizing through working on campaigns. You do have to wonder, given that it’s David Axelrod, just how nonpartisan it’s going to be,” LaBarbera said. … Lipson urges scrutiny of Obama’s fund-raising for the library — which typically starts in a president’s second term.’ “ C6 The connection between UBS AG Chairman Weber and Presidential Advisor Axelrod is unknown other than both literally cross paths either in Chicago or Washington. We do know both have what the other needs.
PRIOR UBS CHAIRMAN ROBERT WOLF SETS HIMSELF UP AS OBAMA BAGMAN!
New Republic reports: “Within Obamaworld, there are a few unwritten rules about how to parlay one’s experience into a handsome payday. … Above all, there is a simple prohibition against excessive tackiness. … Alas, not everyone chooses to obey these norms. Take Robert Wolf, a former U.S. chairman of the investment bank UBS and an early Obama fund-raiser, who has served as an all-purpose (and highly visible) ‘first buddy’ throughout the presidency. Last year, Wolf dreamed up the idea for a firm called 32 Advisors, which would instruct clients here and abroad on a variety of business transactions, such as how to secure U.S. government financing for export deals. … Obama alumni, including former White House economic adviser Austan Goolsbee, who will provide ‘economic intelligence’ as a ‘strategic partner,’ and Kevin Varney, the former chief of staff of the government’s export-import bank (the very same agency clients will hit up for loans). … ‘We’re very exclusive,’ he (Wolf) says. ‘The clients want to be serviced.’ Goolsbee, for example, hosts a weekly conference call with roughly a dozen hedge funds and private-equity firms to opine on the topic of the day. He occasionally dines with one of the fund managers. … According to Wolf, the president is aware of this new venture and has pronounced himself supportive. ‘I had the ability to speak with him numerous times about what I’m doing,’ Wolf says. ‘He saw my excitement, he was excited.’ … Though Wolf promises that his firm won’t lobby—anyone who asks will be referred to Washington fixer (and strategic partner) Heather Podesta—the text of the website advertises a ‘broad network of relationships’ to help clients ‘open and sustain the lines of communication with political, business and financial leaders.’ ” C7
UBS top USA lawyer David Aufhauser commits a series of USA Federal crimes but USA Attorney General Eric Holder will take no action.
UBS INSIDER TRADING 7TH CONSPIRATOR UBS GENERAL COUNSEL DAVID AUFHAUSER CAUGHT THEN RELEASED, SOMEHOW! ERIC HOLDER TAKES LITTLE ACTION
The American Lawyer in Lawyer Run Out of Town in Banking Scandal Gets Partnership at Major Firm article reports: “Former UBS general counsel David Aufhauser, who resigned last year following allegations of involvement in the bank’s alleged sale of auction-rate securities, has rejoined his former firm Williams & Connolly. Aufhauser – a former managing director of the Swiss bank (UBS AG) and general counsel of the US Department of the Treasury – last October settled charges with New York attorney general Andrew Cuomo that he engaged in insider trading at UBS, agreeing to pay $6.5m. As part of the settlement, Aufhauser also agreed not to practice law in the state of New York for two years. Williams & Connolly is based in Washington DC. According to Cuomo’s statement announcing the settlement, Aufhauser’s trading occurred during the auction rate securities crisis. On December 14, 2007, Aufhauser was on a train from New York to Washington DC, when he read an email sent that day by UBS’s chief risk officer. The message described serious problems with UBS’s auction rate securities market. A few minutes later, Aufhauser sent an email to his financial adviser and told him to sell all of his auction rate securities, according to the statement. The District of Columbia Bar’s Web site shows no disciplinary actions taken against Aufhauser. He is not a member of the New York Bar.” C8 Reliable UBS sources said Aufhauser was on his way to Washington to see his prior friends at the Treasury Department and allegedly then check in with UBS lawyers at Williams & Connelly. The insider-trading scheme had allegedly been operating for some time with considerable monetary profits to the UBS conspirators. Attorney General Eric Holder has taken no action, for some reason. Justice and Treasury Departments’ careerists are becoming increasingly alarmed at Obama political appointees defending UBS criminal activities while sending others to jail.
UBS GENERAL COUNSEL AVOIDS USA FEDERAL JAIL TIME WHILE KPMG PARTNER GOES TO JAIL
Bloomberg reports: “Scott London, the former KPMG LLP partner who led the firm’s audit practice in Los Angeles and was charged with passing inside tips to a friend, will plead guilty … charged with one count of conspiracy to commit securities fraud through insider trading. …If convicted, London faces a prison term of as long as five years, prosecutors said.” C9 How come London is to get jail time while Aufhauser goes free and is allowed to continue practicing law? Aufhauser knew too much and would have copped a plea by turning informer like UBS Bradley Birkenfeld. Aufhauser probably knew he would have immediately had non-consensual sex in prison. Eric Holder took no action and let Aufhauser walk with a fine. London is to get jail time and fine because he did not have UBS informant leverage. A reliable UBS source has said McCann, Aufhauser, Darvin and a few other UBS senior staff would never get prison time under Obama. UBS incentivised junior staff are cut loose and on their own because they know too little.
OBAMA JUSTICE DEPARTMENT WILL NOT CONVICT UBS OF KNOWN CRIMINAL ACTS
Huffington Post reports: “Fed Governor Jerome Powell, said closing a bank is appropriate when that bank has been convicted of a crime. But he also said that only the Justice Department has the authority to prosecute a bank for a crime.” C10 US Attorney General Eric Holder refuses to prosecute UBS for continuing known crimes while on and off USA Federal criminal parole, for some reason. Again, Justice and Treasury Departments’ careerists are becoming alarmed at Obama Administrations UBS prosecution recalcitrance.
New York Attorney General Eric Schneiderman interprets questionable logic of USA Eric Holder!
USA ATTORNEY GENERAL ERIC HOLDER MISDEEDS CONTORTED LOGIC, FOR SOMETHING
Rolling Stone reports: “Holder defended the lack of prosecutions of top executives on the grounds that, in the corporate context, sometimes bad things just happen without actual people being responsible. ‘Responsibility remains so diffuse, and top executives so insulated,’ Holder said, ‘that any misconduct could again be considered more a symptom of the institution’s culture than a result of the willful actions of any single individual.’ In other words, people don’t commit crimes, corporate culture commits crimes! It’s probably fortunate that Holder is quitting before he has time to apply the same logic to Mafia or terrorism cases.” VC-11 Holder has a history of attempting to explain his misdeeds logically. Plain and simple, these men are seeking to avoid prosecution of those wealthy enough to give deferred payments, be they individuals or corporations. The premise is to stall any investigations until the USA and/or New York “Statute of Limitations” has lapses. Schneiderman is said to have accrues a large war chest for his run for Governor of New York while Holder is to allegedly go back to his old lawyer/lobbyist law firm as partner and collect deferred payments. We will allegedly see Obama use prior UBS Chairman Robert Wolf and his newly minted Washington lobbyist firm as Obama’s deferred payment alleged bagman. What chance do UBS client elderly USA victims have against these men and their collaborators? This specific criminal behavior format is rarely seen outside the USA.
USA SENATE COMMITTEE TO INVESTIGATE TREASURY DEPARTMENT FOR NO ACTION AGAINST UBS AND OTHERS
Huffington Post reports: “Democratic Sen. Carl Levin of Michigan, the chairman of the Senate Permanent Subcommittee on Investigations, said in early March that he intends to hold hearings this year to “look into the failure of the IRS to enforce our tax laws and stem the flood of hundreds of millions of secret dollars flowing into our elections, eroding public confidence in our democracy.” C12 UBS AG Chairman Axel A Weber is allegedly prime bundler for anonymous Obama Presidential Library donors.
OBAMA FAILED CRUCIAL ELECTION PROMISE
Delliotte Financial Advisory Services Insidecounsel reports: ‘Those in the financial services industry should understand that Sen. Obama has sent a very clear signal that he will pursue an activist agenda as president,’ says William Donovan, partner at Venable. ‘Overhaul of the financial services regulatory structure, tougher liquidity and capital requirements, and credit card reform are all on the table.’ C13 We see US voters and multi national companies were unaware of the UBS/Obama pay to play scheme implemented with then Senator Obama and UBS bundler Chairman Robert Wolf. Reliable UBS sources have said this relationship continues but without Chairman Robert Wolf. Reliable sources are questioning if UBS AG Chairman Axel A Weber is commuting his Zurich/Chicago/New York circuit just to teach college students! US Federal law now allows anonymous international entities to donate money to Presidential libraries.
SWISS GOVERNMENT FIDDLES ACCOUNTING TO AVOID UBS TAXPAYER SCRUTINY
Financial Times reports: “Fourth-quarter earnings will also be affected by a complex accounting requirement linked to the asset transfer to the central bank, resulting in a loss of up to SFr4bn. Mr Cryan (UBS CFO) also noted that UBS could face a charge on the goodwill linked to its big investment bank, which is being significantly scaled down.” C14 The Swiss government has heretofore been known for its astute and conservative behavior, especially in banking matters. UBS is continuing to dilute this reputation, making Swiss banking regulations an international joke.
SWISS DEMONSTRATE AGAINST UBS QUESTIONABLE ACTIVITIES
ISN Zurich reports: “The Swiss government has bailed out UBS, the world’s largest manager of private wealth assets, with CHF 68 billion. As a result, hundreds of demonstrators protested against rip-off salaries last Thursday in Zurich’s city center and blocked the entrance of the UBS building. … For some, steeply rising salaries imply insufficient corporate governance of big corporations where managers can largely define their own salaries at the expense of the shareholders. … The situation looks different however, if the incentive system in place in the end results in the taxpayer having to make up for a bank’s failure.” C15 This is further erosion of Swiss values replaced by UBS Americanized banking practices.
UBS SCAMS CLIENTS THROUGH UBS AFFILIATE, AGAIN!
New York Times reports: Willow Fund, a closed- end investment fund sponsored and sold by UBS … which had assets of almost $500 million in 2006, was being liquidated (April 2013). … abandoned the corporate debt markets … and piled into some colossally bad derivatives trades … It also raises questions of how assiduously this fund’s independent directors (UBS et al) watched over the manager as he ramped up his portfolios risk levels.” C16 Who are these UBS directors? Some of the UBS Client victims inserted into this fund were known to be from the Palm Beach, Florida and Connecticut area.
UBS CUTS LOOSE INCENTIVIZED LOWNESS EMPLOYEES CAUGHT IN GAME
Reuters reports: “Three former UBS executives helped deceive U.S. cities and towns by operating a scheme to rig bids to invest municipal bond proceeds, a federal prosecutor said on Monday at the start of the bankers’ criminal trial in New York. The U.S. government has a 10-year window to bring criminal charges over suspected crimes that affect financial institutions. In this case, since the three bankers were charged in December 2010, the case falls within the statute of limitations, U.S. District Judge Kimba Wood has ruled.” C17 Neither UBS nor its senior officers have ever been prosecuted under the Obama Administration for their criminal activities. Among others, UBS pays a small fine and big donations to Obama, Basel Art Show and Utah Symphony as the price of committing USA Federal criminal violations. Conversely, UBS lowness employees are incentivized for questionable dealings but denied the UBS/Obama get-out-of-jail-free card when caught.
Letters to the Editor:
Those bastards ruling UBS should be put in prison. I hope Obama sticks it to em. UBS has had a free ride with Bush and his cronies and now it is payback time. Great work and keep it up. (SM and our publication did not know Obama was actually accepting money for many years from bundler UBS Chairman Robert Wolf to do the opposite.)
SM, New Jersey
Dear Director: I’ve been employed at the IRS for some time and have seen it all. My cohorts are impressed that you don’t use your newsletter as a bully pulpit against the IRS. In fact, you speak of the professional US Government IRS careerists rather well. What you’ve said is generally correct and helpful. We’ve always had a problem with political appointees attempting to force us to do favors for donors. They come and go but it is always present. What is disconcerting is that your exposure has caused other wealthy donors at an unprecedented rate to want the same access to the IRS as purportedly UBS has now. This may increase Presidential coffers but it makes our job more difficult. We’re troubled at the harsh treatment elderly UBS Clients are receiving from these IRS political overseers. We do not like the IRS being politicized by anyone. We have our own views about UBS AG and the perception problems they have caused the IRS. IRS careerist fan
Dear Sir/Madam: You’ve done an exemplary job exposing UBS criminal activities against UBS Florida elderly clients. We talk to our friends at the Club about your popular publication. We have to print it out for some of our computer illiterate elderly friends. One thing that 2 always comes up is how easily UBS AG of Switzerland has been allowed to repeatedly criminally violate United States laws by giving donations to Obama, Utah Symphony and Miami Basil Art Show. — SR Jupiter Island, Florida
I know some of the guys who got caught in bed with UBS off shore accounts. I heard UBS was running a honeypot out of the Basil art show in Miami. UBS brokers were selling off shores. We didn’t know UBS was doing nasty Utah stuff in Utah as well. That’s Mitts territory. Will Mitt also allow UBS criminality because of UBS Utah Industrial Bank cartel membership? By the looks of things UBS has had all presidential bases covered.
Sid B from LA
Director: Its really scary how open UBS AG of Switzerland is at pulling this bad stuff against our U.S. elderly citizens. Have you contacted any of the defenders of internet freedom? We want you to know others see your good works?
We are many.
We see UBS clients are having a difficult time with US Federal IRS compliance. UBS is neither giving UBS clients nor the US Federal IRS proper documentation for submissions. We now believe in many cases UBS does not have the documentation because the financial activities leading to UBS client financial losses did not exist. UBS just pocketed the UBS client account assets through known and unknown manipulations. This has posed a difficult quandary for the US Federal IRS. We have documentation the Ogden Utah IRS office has threaten UBS Client US tax payers with various punishments, including prison. We do not know if this is somehow tied to the UBS Utah Industrial Bank cartel membership, the infamous Utah 3rd District Court processing center or UBS being the Utah Symphony largest donor. These IRS Ogden Utah office threats cannot be called mistake or inadvertence because it has happened more than once. This Ogden Utah IRS office behavior is not indicative of any other known US Federal IRS office. The US Federal IRS careerist professionals are held with high regard throughout the world.
We are receiving a great deal of intel information on Axel A Weber. Detractors bandy words like pugnacious, blunt, herder, aggressive, collector of board and committee positions. There are many Jewish sympathizers who mentioned his comment on having a Jewish clever gene that separates them from others. Axel A Weber admirers use positive words like direct, can do guy, insightful, energetic to define Axel. We do know he gave most exemplary sentence at Davos. Axel has been around long enough to have world exposure. One has to expect controversy with such accumulation of power. We believe UBS AG Chairman Axel A Weber should direct some of that power to shutting down UBS continuing criminal activity against US Clients, especially the elderly.
Axel’s Swiss office has reversed UBS US Federal IRS client assistance by purposefully shutting down US Federal mandatory UBS Client administrative support. Axel’s Swiss office has refused to comply with US Federal regulations, especially US Federal IRS compliance. Axel may be able to ply the Obama political appointees but the United States Government rank and file careerists are now concerned about the continuing UBS malfeasance. The next Axel UBS AG Charter pleadings in Washington will fall upon deaf ears. Mark our words, it is coming.