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Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4

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Posted by:   bburrell 11/23/2006 9:54 AM

Subject: Discovery of Massive Links to Financial Terrorism, Global Fraud, and Treason/Betrayal. Friends, As you know, I have spent an enormous amount of time studying the Naked Short Selling scandal and related criminal conspiracies. At every turn in this five year period of my focus, I have been led systematically to the recurring conclusion that no matter how intertwined the elements, no matter how the parties were interrelated, I was always finding more evidence of more links and coordination between the players, not only domestically, but globally. I have found literally hundreds of links between thousands of highly coordinated players, more thousands of companies, and now, most probably Governments, including elements of our own US Government. These links have continued to literally mushroom to a point that I had to consider the potential for a much larger, highly disciplined and professionally organized criminal conspiracy based on intelligence network parallels between securities scams of all kinds, pump and dump promoters, internet bashers, professional short sellers, domestic and offshore hedge funds, broker-dealers, clearing firms and organizations, transfer agents, global banking and foreign trusts, every form of international criminal syndicate, regular and electronic counterfeiting of all forms of securities, and massive global money laundering. The network set up to mastermind this is directly comparable to an intelligence network, with central control, case officers for the respective areas, and field agents. It is not something that has been created overnight, but has taken literally years to construct, pulling together disparate elements from every part of the global financial economy, world-wide organized crime, and international terrorists. Anyone looking at the individual elements of this conspiracy would never have a reason to make the links. I started out looking at the "Pump and Dump", which led me to look at Naked Short Selling, which in turn led me to look at Internet bashers, global hedge funds, broker-dealer operations, offshore banking and trusts, International Business Corporations, US and Foreign Regulator contradictions, complete Oversight Failures of responsible Government agencies, inane use of one or more criminal elements against one another by our Justice system, and more. There were hints of systematic global financial terrorism, particularly linked to extremist Muslim elements, but until last night, I could never pull together more than bits or pieces here and there. It was comparable to looking at an absolutely enormous multi-dimensional jigsaw puzzle that only had 30 to 40 pieces set in place, out of thousands of pieces. It was a classic example of a problem requiring both fuzzy logic, and finally, a crystallizing case that might hint at how the parts have come to be joined together. Then, last night, an innocent inquiry from an unrelated party led myself and an investigative associate on a search that has, not unexpectedly, absolutely demonstrated, without any remaining doubt on my part, the fact that what we had been observing over these years was in fact part of something much, much bigger. At its core was not only the scandals we knew about, but one reaching into the highest levels of global terrorism, and most terrifyingly, apparent Treason by US citizens and government officials. I say this from a comprehensive knowledge of the facts surrounding the cases I have looked at with real perseverance and attention to detail.

As long as thirty or more years ago, enemies of the US determined that the best way to attack the US was to damage and destroy its economic system. At about the same time, the legislators and our Government stumbled into the foundation of our retirement system, creating the financial behemoth that is the US today. As our financial assets exploded almost geometrically, greed for both money and power literally mushroomed, only to run into a religiously motivated movement opposed to US values that had the resources to hit this system hard. As they were planning, our regulator and enforcement officials made repeated "deals with the devil" using criminals systematically to get to other "criminals", to a point where many innocents were caught up in the net and became "collateral damage" in a childish "Witch Hunt", that let more bad guys get away with minor hand slaps for the most part, with very few cases of any of the real power elements getting any serious punishment. The story of the notorious Mark Valentine and his firm, Thomson Kernaghan, is a case in point. The story of Sedona, the Badians, Rhino Advisors, and the infamous Doctor Doctor Batliner is yet another example of bad guys getting off lightly, or not being touched at all. The same pertains to the Fiero Brothers. I have said repeatedly that if you can see the operator/bad guy, you know he is not the one in charge of the bigger game. Anyone you can see is a soldier, not a Capo/Commander. Their repeated MO has been to cooperate with officials when caught, offering up other potential, but generally insignificant, targets in exchange for light punishment or in many cases, immunity or passes, for giving up others like themselves. In many cases, these "rolled" criminals are given rights to continue to run games on parties they target as being just like them, with Government protection. If a few civilians get hurt in the process, that is just a cost of doing business. I have been presented with repeated indications that some of the Government officials, regulators, and agencies that we have depended on to protect us have in fact been either bribed off, or have conflicted themselves out of dealing appropriately with these threats to our financial and physical security. Where these officials have been guilty of such behavior, they have crossed the line from criminal conduct into the much more ominous terrain of Treason. The fact they might not have known what they were doing when they supported one of the pillar elements of this greater conspiracy makes them no less guilty. They are the Julius and Ethel Rosenberg's of this tragedy. Ignorance of their crime is no defense against their collateral support of Treason against the United States. What did we see last night? In the public domain, we linked Anthony Elgindy to specific criminal stock promoters, broker-dealers, clearing firms both domestic and foreign, transfer agents, offshore trusts and hedge funds, specific bashers, specific short sellers, specific banks and brokerages, specific US Government agencies including the SEC, the NASD, and DTCC, and to specific Muslim terrorist linked organizations operating domestically and globally, THROUGH JUST TWO COMPANIES. Know there are thousands more we will ultimately be able to do this with. We both saw, for the first time, a posting from the FBI's "Carnivore" program, supposedly a restricted access program linked to national security and financial terrorism Posted ON THE WEB, put up on nothing less than Yahoo/Raging Bull. AND WE DON'T HAVE ACCESS TO ANYTHING THAT IS NATIONAL SECURITY RELATED, PROPRIETARY OR PRIVATE.

What is out there? We now have a international national network of criminal and terrorist elements working together to crush this country by destroying its financial system. This has all been constructed and operated right under the noses of those who are supposed to protect us. Clearly, they are not competent to do this job, no matter what the reason. Those who are attempting to correct this thievery simply are outgunned, or they are over their heads technically. We are left with no recourse but to take this to the highest levels of the Government, making every attempt to stay out of any part of the Government with responsibility for financial activities. This needs fresh eyes, not conflicted ones with motivations to protect themselves rather than us. This will be my last communication with you as a group. This has simply turned too dangerous, literally insane. Until I can pass this off to RESPONSIBLE AND ACCOUNTABLE PARTIES, I AM GOING TO STEP AWAY. I will continue to support those of you I have established personal relationships with, but I am otherwise off the playing field. Someone is dirty in EVERY organization that has intersected this.

Copyright ©2006 Bud Burrell
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Comments (9)
Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By davidn on 11/23/2006 10:54 AM
I think you are on to something Bud, but I'd say "follow the money". I think Arab "terrorists" are scapegoats and the real power will prove to be the super elite that have opposed democracy since the times we were serfs and they were kings. Terrorism benefits the elite because a frightened population will accept dictatorship in hopes the government will protect them from the boogy man.

I bet this leads to the same private individuals that own the central banks around the world and who promote arms and drug sales "to provide liquidity" when they are laundered through the financial markets.

If they are able to crash the system, they will try to reboot it with an international central bank and world currency they control, new world order style.

Unfortunately for them, I don't think they can keep up with the speed information flows on the internet.

The people have always had the power. They are frightened old men hiding behind the curtain and their money won't do them any good when honest people in law enforcement put them in jail.
Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By Sean on 11/24/2006 11:05 AM
If you can't beat them or corrupt them.buy them!!!!

Hedge funds ready to wrestle LSE to negotiating table
Marketwatch - November 24, 2006 9:53 AM ET


Related Quotes
Symbol Last Chg
C Trade 50.39 -0.38
GS Trade 202.40 +0.11
MS Trade 79.02 -0.18
NDAQ Trade 40.70 -0.13
NYX Trade 108.76 -0.20
Quotes delayed at least 15 minutes

LONDON (MarketWatch) -- With its latest bid for the London Stock Exchange dismissed out of hand, Nasdaq Stock Market is hoping hedge funds and other investors will be able to succeed where it has failed, and drag the LSE's management to the bargaining table.

U.S. corporate raider Samuel Heyman revealed this week that he has built an 8.8% stake in the LSE to become its second-biggest shareholder. And several hedge funds have continued to snap up shares above the latest offer price, indicating they see an improved offer as likely.

Under the terms of Nasdaq's (NDAQ) unusual "final" offer, the price can only be raised if a rival bid is launched -- which analysts consider unlikely -- or if the LSE agrees to recommend a higher offer to its shareholders.

But with the U.K. exchange's CEO, Clara Furse, refusing to even meet with her opposite number, Bob Greifeld, investors will have to take it on themselves to apply the pressure and thrash out a deal.

"Nasdaq's new approach is clearly to appeal directly to LSE's shareholders with a tender offer that it hopes will garner enough interest to bring LSE's board to the table," Said Niamh Alexander, an analyst at CIBC World Markets.

A deal to buy the LSE would create the world's biggest exchange group by number of listings, comprising 6,400 listed companies with a total market capitalization of $11.8 trillion.

The LSE's investors will be hoping to bridge the gap between Nasdaq's offer and the level the exchange itself is seeking, agreed Andrew Mitchell, an analyst at Fox-Pitt Kelton in London.

While the LSE hasn't named its price, its dismissal of the latest bid -- priced at 1,243 pence a share -- as "substantially" undervaluing the company suggests the gap is still significant.

Shares in the LSE were trading at 1,320 pence on Friday.

"Hedge funds are looking for the opportunity to squeeze up the bid," said Fox-Pitt Kelton's Mitchell.

But they will probably be content to deal at a lower price than the LSE's holding out for. "Recent investors would be happy to take a moderate return on such a short-term investment," he added.

Mitchell said that, making "very aggressive assumptions" on volume growth, the LSE could be worth around 1,440 pence a share, with a deal potentially producing cost savings of around a further 200 pence a share.

But a deal at that price would make very little sense for the U.S. exchange. It would involve plenty of risk if trading volumes slowed, while leaving little upside for its own shareholders.

"That would leave nothing for Nasdaq," said Mitchell.

James Hamilton, an analyst at Numis Securities in London, said he believes the existing bid is very fully valued and Nasdaq will not want to raise its offer by much, especially given the recent announcement by seven investment banks that they are developing a trading platform to compete with the U.K. exchange.

The banks, which include Citigroup (C), Goldman Sachs (GS), and Morgan Stanley (MS), are planning the new platform after becoming frustrated that trading fees have not been cut, despite a surge in volume.

Competition heating up

That announcement has also come as Euronext prepares to tie the knot with NYSE Group (NYX) and while Deutsche Boerse and Borsa Italiana continue to cast around for partners, pushing valuations to their limits.

"It wouldn't be inappropriate to describe the market as in a state of euphoria regarding exchanges," said Hamilton.

"It's a difficult position for Nasdaq, given how the price has moved against them," he added. "But if they're offered it on a silver platter at 15 pounds I think they'd be mad to say yes."

In the end, if investors want to deal and can agree a price, then they should be able to press the LSE into accepting, analysts agreed.

Still, if Nasdaq decides it would rather walk away than overpay for the LSE, there's little to get in the way. "Ultimately the business is owned by the shareholders -- if they decide to sell, then management can do nothing about it," said Hamilton.

Nasdaq, which already owns over 28% of the LSE, is initially expected to require acceptance of 90% for its offer to become unconditional. But Alexander, at CIBC World Markets, said it could lower this threshold depending on the level of acceptance it sees.

"We expect Nasdaq will have an initial closing period of the first 21 days after which we should get a sense of how many shareholders will tender their shares," said Alexander in a note to clients.

"This will likely be the crucial juncture that would determine whether enough shares are tendered to bring LSE's board to the table."

"If Nasdaq fails to garner another 20% of shares in the tender offer, we expect it will withdraw and focus its attention on other international regions or perhaps other products in the U.S.," Alexander said.

If it did withdraw, Nasdaq would be banned from making any further bid for at least a year.

The U.S. exchange, however, would be loathe to sell out its substantial stake at a loss, meaning any alternative bidder would still have to pay a high price for control.

With increased competition from a combined NYSE-Euronext and potentially from the investment banks themselves, the LSE has done well to fend off lower offers and paint itself as such as attractive target.

But it must now brace for some intense pressure to pull up a chair and have a chat.

Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By Florian Hofmann on 11/25/2006 7:38 AM
Bud, thank you so very much for all the awesome work. I hope you find peace after all of this and especially after that something that happened yesterday. Hundreds if not thousands of people are with you.

Florian Hofmann aka iternity,
USXP Shareholder Group - www.usxp.de
Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By anthony kalantzis on 11/25/2006 7:39 AM
can anyone explain this scenario to me clearer ..thanks




Another thought is to use the naked shorts as a money making system. It would take someone with deep pockets.

Step 1: Buy as much stock as possible in a heavily shorted company. Let's say you can buy 200% of the outstanding stock at $.0001. You don't own it all as there is 10 x the outstanding out there. You might own twice the outstanding and the public owns another 8 times.

Step 2: Lend the company a large block of cash.

Step 3: Buy a highly profitable company for cash (the shares aren't worth enough to buy a company, yet).

Step 4: Pay monthly dividends. For every dollar in dividends you put out, you get $2 back because you own twice as many shares as exist. The public who also own more shares than exist will also get dividends. For every dollar going out, the shorts will put up $9.

The reason is that the shorts will generously match any dividend the company pays out.

If the company that is bought is reputable and high value and keeps up with regulatory filings, it could do this for a long time.

You could even design a system where the shorts can't cover as no one sells their stock. The trapped shorts would make monthly donations based on the dividend.


Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By Allstars on 11/25/2006 7:39 AM
In my opinion it is time for some very powerful people in the Government to stand up and start working on this topic (Terrorism, Global Fraud, Redux) !

Do they believe the ground on which they are standing is save and hard ..... NO IT IS NOT !

To have and to get money is always good but sometimes there are times where you have to stand up for what is right ... against all forces !

Do you remember the WW 2 ?
"they came for my neighbour and i was in my house doing nothing.....they came for my father and i was behind the door doing nothing....they came for my brother and i was behind the bed doing nothing....THAN THEY CAME FOR ME AND NO ONE WAS THERE TO HELP ME !!!!!"

Time to open the eyes and get some people out of business !



Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By Sean on 11/25/2006 7:40 AM
Looks like someones mad and is not gonna take anymore!!!

To the SEC,

I have written you several times in the past concerning illegal naked shorting, each and every time keeping my composure and tact in spite of my growing frustration. After years of your lies and continued criminal conduct, I have run out of tact so you will have to bear with the reality of my mind set which further echos the mind set of the thousands of people I have encountered who see you as the criminals you truly are.

I should begin by saying shame on you for permitting the people of this nation to be robbed blind by the crooked market makers, brokerage houses, terrorists, the mob, drug lords and all the other criminals who have looted and destroyed this economy with illegal naked shorting.

When the tally is done, it will be clear that on your inept and corrupt watch, your complicity helped destroy America, or at a minimum, made it a 3rd rate power while empowering criminals for decades to leach out of our economy tens of trillions of dollars in ill-gotten wealth. I wonder how many elderly people who lost their retirement due to your permissive attitude towards illegal naked shorting and were forced to eat dog food or maybe even froze to death because they could not afford heat. How many parents could not afford to send their children to college because of you? How many lost their dream of home ownership? I can only imagine the degree of economic hardship your ineptitude and corruption cause to millions of your fellow countrymen.

Now, because of your decades of ineptitude and corruption, giving the criminals on wall street and beyond a free pass so you can line your pockets with future high paying job opportunities and/or taking bribes and/or living the pretense of feigned ignorance, know that the problem probably can not be corrected without bankrupting America. You have created a downward spiraling of our economy that will soon catch up with us, especially since you have now formally legitimized illegal naked shorting with these scam "repo agreements." What the hell do you think is eventually going to happen with these scam repo agreements? All it will lead to is legitimizing the existing massive naked short problem and encourage more illegal naked shorting to continue in the future, more devastation of legitimate businesses, more stealing from innocent shareholders and the continued draining of massive wealth out of America by every filthy criminal element on earth. How does it feel to know that by your ineptitude and corruption, you have helped the insurgents purchase weapons to kill our own soldiers? How about the fact you even helped fund the destruction and murder that occurred on 9-11? Does any of this ring a bell or even bother you in the slightest? Obviously it does not bother you at all because by creating "repo agreements" and not forcefully cleaning up the mess you made, you are encouraging more of the same illegalities to continue. Hence, you get a snapshot of just a very small portion of the damage your incompetence and arrogance has caused. Perhaps the question in this matter should be presented such to determine if you even have souls. Clearly, you are America-haters and haters of Americans because all you have done for a few dollars is help destroy the greatest nation on earth.

How about your own illegal manipulation of securities by the SEC itself by your repeated scam administrative halts and investigations on heavily shorted stocks that usually lead to nothing, with the exception of huge price-per-share reductions? When publically announced, these stock prices of target naked shorted stocks drop into infinitesimal levels, a planned charade so your criminal cronies can cover their illegal naked shorts at low prices and avoid a short squeeze. Don't you think we tire of this ongoing charade? Don't you think you are just a little too obvious? If you fail to understand that we see this repeated scam on your part, then you have your heads so deeply buried in the wrong place that you can not see the blue sky of day. Again, may the shame of all time be on your heads for what you have done and are still doing to both America and your fellow Americans. All of you applicable criminals in the SEC should be tried for treason and executed for selling out your nation... yes executed. What you have done is by far worse than the Rosenbergs did with our nuclear secrets in the late 40's. However, instead of justice, you will keep your extended welfare positions at the SEC just long enough to do a few well-placed favors so as to get a cushy $500,000 per year job at your favorite brokerage firm or market maker as one of their in-house counsel. Well, from one American to another, congratulations on your honorable and well-earned achievements.

So, should I expect an audit on my taxes now? How about a full review of my trading records and some trumped-up charges for merely telling the truth? Who knows, maybe even a bullet in my head. Nothing coming from the securities branch of your organized crime family known as the SEC would surprise my anymore.

My greatest hope is that justice comes for you in its' severest form.


For Americans,


Allan F. Treffry, Esq.


cc: The DOJ, Each Member of the Senate Oversight Committee, Each Member of the Senate Banking Committee, President Bush, California Governor Arnold Schwarzzeneger, Anyone Else I so Deem Applicable.
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Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By ginger on 11/25/2006 12:15 PM
Alan, what has become of Gary Dobry? He has uncovered a wealth of information on the criminal activities taking place on Wall Street. I'd like to see the fruits of his years of work added to this Blog.



Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By ginger on 11/25/2006 12:16 PM
Allan Treffy's letter should be copied to the Wall of Letters.



Re: Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4 By anon on 11/25/2006 12:18 PM
I am taking the liberty of reposting your background. Thanks for all the great work you have done for this world. Please stay safe. We love you!!!

A terrific secondary education, 4 years at West Point, 5+ years in the Army, graduate studies at two schools, continuing education, an extremely diverse work experience, licenses including Reg Rep Series 7, Registered Options Principal (77), Registered Interest Rate Options Principal, Commodities Registration, Series 63, and Series 3 NASD Principal. Two languages, math through multiple regression analysis, General Engineering undergrad, MBA studies, three Graduate Fellowship Grants (neither used), and more. One of my best friends said my CV was almost technically unreadable. I have worked on over 200 technology and development company transactions in 8 countries. I executed the compilation of the Shearson Global Equity Return Indices, the first Mortgage Backed Securities AI expert system emulation for the first SUN LAN on Wall Street and a lot more, including selling clearing and execution services institutionally.

I once told a lawyer in this matter, known to all, that if I had not had every single job I had in the industry on top of my educational background, I would never have gotten the whole picture here. My greatest difficulty here was I am too honest to have believed what I saw for over three years. I simply couldn't imagine it. Big mistake. I am past that now.

I don't know how the scum here sleep at night. At least my conscience is clear. I simply have to manage my anger now. Participating in the firing squads that will come is a good plan to stay on track emotionally through the end of this financial holocaust. Treason is death for the guilty if there is any justice.

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