Frank Execs Say JPMorgan Is Withholding Communications

[Gunnar Larson]

Subject: Frank Execs Say JPMorgan Is Withholding Communications

Frank Execs Say JPMorgan Is Withholding Communications


By Andrea Keckley

Charlie Javice and Olivier Amar, the indicted former executives of student
loan startup Frank, asked a Manhattan federal judge Saturday for an
extension of time to decide on raising an advice-of-counsel defense at
their trial, saying they can't make a decision yet because JPMorgan is
withholding discovery of their communications with Frank's general counsel.

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BigLaw Slams Hochul Plan To Divert Client Trust Interest Cash

[Gunnar Larson]

BigLaw Slams Hochul Plan To Divert Client Trust Interest Cash


By Hailey Konnath

A long list of BigLaw attorneys, firm leaders and legal groups have urged
New York Gov. Kathy Hochul to reconsider her plan to divert $100 million in
interest earned on lawyer trust accounts that typically goes toward legal
aid for low-income New Yorkers, calling the move "misguided" and cautioning
that it could create "an existential threat" to civil legal services.

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Lotto Scammer Impersonated SDNY Criminal Chief, Feds Say

[Gunnar Larson]

Lotto Scammer Impersonated SDNY Criminal Chief, Feds Say


By Elliot Weld

A Costa Rican national was charged with impersonating law enforcement
officials, including the chief of the criminal division of the U.S.
Attorney's Office for the Southern District of New York, as part of a
scheme to trick elderly victims into wiring him millions under the false
pretense that they'd won a lottery prize.

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NY Judge Keeps Navy Contract Trade Secrets Suit Alive

[Gunnar Larson]

NY Judge Keeps Navy Contract Trade Secrets Suit Alive


By Kelly Lienhard

A New York federal judge partially upheld a trade secrets case against L3
Harris Cincinnati Electronics Corp., finding that BAE Systems plausibly
alleged that it was cut out of a government contract for naval defense
technology after sharing its proprietary information.

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Tilray Slammed For 'Secret' Bid To Undo Exec's $4M Award

[Gunnar Larson]

Tilray Slammed For 'Secret' Bid To Undo Exec's $4M Award


By Rachel Riley

A former Tilray executive accused the company of "cloak-and-dagger" legal
maneuvering on Monday as she urged a federal judge to let stand her $4
million arbitration victory against the company, arguing that Tilray didn't
even wait for her award to be finalized in Minnesota before running to a
Washington court to void it.

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PayPal Panaltir AI Conspiracy

[Gunnar Larson]

Ludicrous!

PayPal Panaltir AI Conspiracy:

https://www.instagram.com/reel/C2J6VGOyoUm/?igsh=cWpqMGh5MTRlM2Zq

Last week, we discovered a very big problem:

1)
https://tulsaworld.com/news/nation-world/business/economy/paypals-stock-dips-8-after-disappointing-q1-guidance-and-full-year-outlook/video_e402ab60-5a45-5ab3-8b00-953c38ff0b82.html

2)
https://finance.yahoo.com/news/prediction-could-best-performing-artificial-203200926.html

There is now an PayPal Palantir AI conspiracy.

Bitcoin ETF Approval Doesn't Mean SEC Approves Of Crypto

[Gunnar Larson]

Bitcoin ETF Approval Doesn't Mean SEC Approves Of Crypto


While the U.S. Securities and Exchange Commission's approval last month of
11 applications for spot exchange-traded funds tracking bitcoin is
a landmark moment for the crypto-asset industry, investors who are hopeful
that the SEC will approve similar crypto-based ETFs may be disappointed,
says attorneys at Mintz.

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SEC's 'Orwellian' Trade Database Is Unlawful, 11th Circ. Told

[Gunnar Larson]

SEC's 'Orwellian' Trade Database Is Unlawful, 11th Circ. Told


By Jessica Corso

Citadel Securities LLC and the American Securities Association have laid
out their objections to a U.S. Securities and Exchange Commission directive
that requires brokerage firms to fund the buildup of a database known as
the consolidated audit trail, telling the Eleventh Circuit that the tool
created an "Orwellian surveillance regime" that puts American investors at
risk of being hacked.

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Mergers & Acquisitions Group Of The Year: Cravath

[Gunnar Larson]

Mergers & Acquisitions Group Of The Year: Cravath


By Elaine Briseño

Cravath Swaine & Moore LLP guided the Snyder family through a tense
environment to seal the $6.05 billion sale of the Washington Commanders and
advised WestRock's complicated $20 billion combination with Smurfit Kappa,
earning the firm a spot among Law360's 2023 Mergers and Acquisitions Groups
of the Year.

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Putin Seeks Revenge on a World Order He Once Wanted to Join

[Gunnar Larson]

Putin Seeks Revenge on a World Order He Once Wanted to Join
https://www.bloomberg.com/news/features/2024-02-13/russian-president-vladimir-putin-seeks-revenge-on-us-western-world-order


The summer evening at a beachside nightclub in the Black Sea resort of
Sochi resembled a modern-day version of a gladiator fight in imperial Rome.
Russian fighters pummeled a “world” team in a mixed martial arts contest.
Scantily dressed women waved Russian flags and the crowd roared as the home
squad racked up victories. The highlight was the knockout of a
44-year-old American fighter.

Fani Willis' DQ From Trump Case 'Possible,' Ga. Judge Says

[Gunnar Larson]

Fani Willis' DQ From Trump Case 'Possible,' Ga. Judge Says


By Chart Riggall

The Georgia state judge presiding over the election interference case
against former President Donald Trump said Monday that "it's possible"
Fulton County District Attorney Fani T. Willis' admitted relationship with
a top prosecutor on the case could end in her disqualification, and is
allowing a hearing on the issue planned for this week to go forward.

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FTX Says User Agreements Don't Sink $157M Clawback

[Gunnar Larson]

FTX Says User Agreements Don't Sink $157M Clawback


By Clara Geoghegan

A lawsuit to recoup cryptocurrency withdrawn from defunct trading platform
FTX Trading Ltd. in the run-up to its Chapter 11 bankruptcy shouldn't be
tossed, FTX told a Delaware bankruptcy court, saying the court can't
determine who owned the $157.3 million of digital assets held in customer
accounts at the motion to dismiss stage.

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Universal BitLicense Declaration on Virtual Currency & Human Rights

[Gunnar Larson]

-- Forwarded message -
From: Gunnar Larson 
Date: Tue, Feb 6, 2024, 3:50 AM
Subject: Universal BitLicense Declaration on Virtual Currency & Human Rights
To: Harris, Adrienne A (DFS) 
Cc: , , Dean, Peter C
(DFS) , 



Dear Madam Acting Superintendent:

Reflecting this week, Ripple once again

shares concerning comments and approaches to respecting their Bitlicense
award. Even more, many experts are concerned

about MIA Coin and resulting NYCCoin disasters.

Madam Acting Superintendent, on August 4, 2020 as part of our Conditional
BitLicense application we submitted a draft of the Universal BitLicense
Declaration on Virtual Currency & Human Rights.

   - Today this memo is to re-new our obvious approach to virtual currency
   innovation in New York. Together under your leadership, we should be
   leading the world in the principles of modern cross-border
   BitLicense logic.
   - Madam Acting Superintendent, this type of stuff matters. The
   Deceleration aims to level the playing field for all and impacts the future
   of women and girls with respect to financial inclusion.
   - At the very least, New York and your office should be embracing such
   thoughtful approaches to support future generations and protect virtual
   currency from market manipulation. Madam Acting Superintendent, we implore
   that if some version of the Declaration was enacted in 2020, the world
   would be a better place today.

Kindly find a copy of the Universal BitLicense Declaration on Virtual
Currency & Human Rights

below. We will be in contact with your office this coming week to engage in
dialogue on the Declaration's feasibility forward.

Very respectfully yours,

Gunnar Larson


*WE THE PEOPLE OF NEW YORK DETERMINED*

   - to pioneer noble advancement of BitLicence theory and regulation,
   whereas it is essential to safeguard virtual currency and its potential to
   galvanize international, economic and social advancement of all peoples, and
   - to ensure clarity, principally New York’s BitLicence being the
   preeminent institution with mandate of ensuring that virtual currency
   manipulation (of any sort) shall not burden the common global interest of
   humanity, and that human rights are protected in the jurisdiction of New
   York for all peoples

*AND FOR THESE ENDS*

   - to save succeeding generations from financial fraud and corruption,
   which in our lifetime has brought untold sorrow to humanity, and
   - to reaffirm New York’s faith in fundamental human rights, in the
   dignity and worth of the human person, in the equal rights of men and women
   and of nations large and small, and
   - to establish conditions under which justice and respect for the
   obligations arising from BitLicence regulation and other sources of
   financial services law can be maintained, and
   - to promote larger social progress by leading global standards, given
   that New York remains the center of technological innovation and
   forward-looking virtual currency regulation

*HAVE RESOLVED TO COMBINE OUR EFFORTS TO ACCOMPLISH THESE AIMS*

*Now, therefore this UNIVERSAL BITLICENSE DECLARATION ON VIRTUAL CURRENCY &
HUMAN RIGHTS as the common crypto standard of achievement for all peoples
and all nations, keeping this Declaration constantly in mind, shall strive
to promote respect for human rights and personal freedoms by progressive
measures, national and international, to secure their universal and
effective recognition and observance of New York-based companies
accountable to a **universal **BitLicense **standard of virtual currency
regulation across all global territories of business, protecting all
peoples and all nations.*
*Article One*

   -

   Whereas disregard and contempt for human rights have resulted in failed
   financial frameworks that have outraged the conscience of mankind, and
   -

   Whereas the foundational vision of BitLicense theory imagines a world in
   which human beings shall enjoy safe, reliable and regulated virtual
   currency tools and financial products, now proclaimed as the highest
   aspiration of the common people,

*Article Two*

   -

   Whereas ethical stewardship of virtual currency is inherent to the
   BitLicence mandate, the invention of blockchain, and virtual currency aimed
   to secure the equal and inalienable rights of all as foundation to
   financial freedom and economic prosperity, especially in the developing
   economies, and
   -

   BitLicense members pledged themselves to achieve, in cooperation with
   the state of New York, the promotion of universal respect for and
   observance of international human rights fundamental to the integrity

Genesis Hit With Objections To $1.6B In Grayscale Trust Sales

[Gunnar Larson]

Genesis Hit With Objections To $1.6B In Grayscale Trust Sales


By Alex Wittenberg

Cryptocurrency lender Genesis Global is facing opposition to its effort to
sell about $1.6 billion worth of shares in Grayscale Investments trusts to
raise money for its Chapter 11 estate, with Grayscale and Genesis' parent
company lodging objections to the proposed transactions in New York
bankruptcy court.

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Musk Can't Dodge SEC Questions About $44B Twitter Buy

[Gunnar Larson]

Subject: Musk Can't Dodge SEC Questions About $44B Twitter Buy

Musk Can't Dodge SEC Questions About $44B Twitter Buy


By Jessica Corso

A California federal judge has told Elon Musk that he must appear before
the U.S. Securities and Exchange Commission to testify about his $44
billion purchase of the social media platform formerly known as Twitter,
waving off the billionaire's assertions that the agency was harassing him
via a series of seemingly endless investigations.

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Five Wall Street Banks Hold $223 Trillion in Derivatives -- 83 Percent of All Derivatives at 4,600 Banks

[Gunnar Larson]

https://wallstreetonparade.com/2024/02/five-wall-street-banks-hold-223-trillion-in-derivatives-83-percent-of-all-derivatives-at-4600-banks/


By Pam Martens and Russ Martens: February 13, 2024 ~

According to the Financial Crisis Inquiry Commission (FCIC), derivatives
played a major role in the financial crash of 2007 to 2010 in the United
States, the worst financial crisis in the U.S. since the Great Depression
of the 1930s. The FCIC wrote in its final report: “…the existence of
millions of derivatives contracts of all types between systemically
important financial institutions — unseen and unknown in this unregulated
market — added to uncertainty and escalated panic….”

Americans believed that the Dodd-Frank financial reform legislation of 2010
would fulfill its promise of reining in concentrated risks like
derivatives. It did not. (See our report from 2015: President Has His Facts
Seriously Wrong on Financial Reform.)

According to data from the Office of the Comptroller of the Currency (OCC),
the regulator of national banks, as of March 31, 2009, five bank holding
companies held $277.57 trillion in derivatives (notional/face amount). At
that time, according to the FDIC, there were 8,249 federally-insured
commercial banks and savings associations in the U.S. but just five bank
holding companies held 95 percent of all derivatives at all U.S. banks.
Those financial institutions were: JPMorgan Chase, Bank of America, Goldman
Sachs Group, Morgan Stanley and Citigroup.

Five Banks with Largest Derivative Exposure, March 31, 2009

Now flash forward to the most recent report from the OCC for the quarter
ending September 30, 2023. According to that report, those same five bank
holding companies hold $223 trillion of the $268 trillion in derivatives
held by all banks in the U.S., or 83 percent.



Equally alarming, those same five bank holding companies control 96 percent
of the most dangerous form of derivatives – credit derivatives. The five
bank holding companies account for $5.8 trillion in credit derivatives
versus $6 trillion in credit derivatives for all banks in the U.S.

The Federal Reserve secretly funneled $16 trillion in cumulative loans at
below-market interest rates to prop up the Wall Street casino banks from
December 2007 through June of 2010, in no small part because of the
systemic contagion that spread from their concentrated positions in
derivatives.

To prevent a replay of the Wall Street mega banks blowing themselves up as
they did in 2008, federal banking regulators in July of last year released
a proposal that would impose higher capital rules on just 37 banks (out of
the 4,600 banks in the U.S.). The proposed new capital rules would impact
just those banks significantly engaged in derivatives and other high-risk
trading strategies.

The backlash has been fierce from Wall Street’s mega banks, with the banks
even running television ads painting a bogus and distorted picture of what
the capital increases would do.

Another major area of concern is who is on the other side of these
derivative trades with the mega banks – their so-called “counterparty.”

According to federal researchers, there are both mega bank counterparties
as well as “non-bank financial counterparties” – which could be insurance
companies, brokerage firms, asset managers or hedge funds. There are also
“non-financial corporate counterparties” – which could be just about any
domestic or foreign corporation. To put it another way, the American people
have no idea if they own common stock in a publicly-traded company that
could blow up any day from reckless dealings in derivatives with global
banks.

Wall Street has a history of blowing up things with derivatives. Merrill
Lynch blew up Orange County, California with derivatives. Some of the
biggest trading houses on Wall Street blew up the giant insurer, AIG, with
derivatives in 2008, forcing the U.S. government to take over AIG with a
massive bailout.

According to documents released by the Financial Crisis Inquiry Commission,
at the time of Lehman Brothers’ bankruptcy on September 15, 2008, it had
more than 900,000 derivative contracts outstanding and had used the largest
banks on Wall Street as its counterparties to many of these trades. The
FCIC data shows that Lehman had more than 53,000 derivative contracts with
JPMorgan Chase; more than 40,000 with Morgan Stanley; over 24,000 with
Citigroup’s Citibank; over 23,000 with Bank of America; and almost 19,000
with Goldman Sachs.

We are asking our readers to do their part to stop Wall Street mega banks
and their legions of lobbyists from gutting the proposed capital rules.
Please contact your U.S. Senators today via the U.S. Capitol switchboard by
dialing (202) 224-3121. Tell your Senators to demand that banking
regulators hold firm on the stronger capital rules for the casino banks on
Wall Street.

PayPal Panaltir AI Conspiracy

[Gunnar Larson]

Ludicrous!

PayPal Panaltir AI Conspiracy:

https://www.instagram.com/reel/C2J6VGOyoUm/?igsh=cWpqMGh5MTRlM2Zq

Last week, we discovered a very big problem:

1)
https://tulsaworld.com/news/nation-world/business/economy/paypals-stock-dips-8-after-disappointing-q1-guidance-and-full-year-outlook/video_e402ab60-5a45-5ab3-8b00-953c38ff0b82.html

2)
https://finance.yahoo.com/news/prediction-could-best-performing-artificial-203200926.html

There is now an PayPal Palantir AI conspiracy.

Re: USA 2024 Elections Thread

[grarpamp]

Democrats are no more than Fraudulent Lying Racist Free-Shit
Criminal Panderers for votes, just like they were in the South with
their Democrat KKK buddies. Just like they're doing now with the
soon to be 15M Illegal Aliens they imported against the people.


https://twitter.com/Breaking911/status/1757219447784329452
OOF! As his poll numbers plummet, Biden posts video of
himself buying fried chicken for black kids Who thought
this was a good idea?

"Watch how they all call their White Massa Biden Sir,
Massa got em trained up good."

"Just as cringe as Biden's Demonic Laser Eyes post."


https://twitter.com/LifeNewsHQ/status/1756673096679862586
https://www.lifenews.com/2016/02/11/chelsea-clinton-i-left-the-church-when-i-was-6-because-it-opposed-abortion/
"Chelsea Clinton: I Left the Church When I Was 6 Because It Opposed Abortion"

"When I was 6 I was playing in the woods and having rock fights
with friends. Why people lie about this shit is beyond me."

"This cunt worships the same Satan as her mom."

"They're grooming her and Michelle Obama to replace
Biden and Kamala at the convention... that's a downgrade."