[CTRL] Fwd: The syndicate's accounts receivable guys perched and ready to rip

[Kris Millegan]

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I think we will find the complaints against Enron increasing and the charges ever-expanding as well.  The share price increase and first complaint deals with this, was buoyed by false financials, where debts were not listed on the statements so profits were overstated  ... this is let alone the failure to disclose many subsidiaries and the derivative risk exposure of the company overall.  The complaint also tracks and prays for damages because of insider trades before the price slipped further.  With Enron, things come back home to roost with the Rockefeller relateds J.P. Morgan and also Citicorp providing capital that lets Enron continue to run and to TRADE.  This trading deal should be put in a safe harbor or scattered to the winds.   Alexander M. Haig took the Keiretsu bug into America Online (AOL Time Warner now) -- see class action against AOL at http://securities.stanford.edu (select Case Index on left, then A) -- along with Frank Caufield of Kleiner, Perkins, Caufield & Byers (KPCB) both are named for insider trading and making $2 million each.  Methinks Alexender Haig is a member of the board of KPCB; I know that William Randolph Hearst is and has remained (until Nov. 3) on the board of At Home (then Excite@Home).  Enron, AOL, AtHome  while "formed" in 1985 with seed capital, become "prominent" in 1996 (completely new board at Enron by March 1997, except Kenneth Lay holdover) or issue "big time".  In many cases there was "laddering" that bolstered the price with the IPO (see drugstore.com at http://securities.stanford.edu, select Case Index, then D, scroll to bottom, click on complaint or read summary there to understand laddering); in other companies already public, the share prices appear to have been "pumped" by hype or other means. As to Enron, you had Stanford GSB former Dean pumping and hyping the deal on the west coast, and Pug Winokur and his tie-ins with Wall Street and Harvard pumping the east coast.  These deals like Enron and At Home were incubated in 1985 -- in both cases, 1996 was a year to "rush forward" and have players on boards by spring of 1997 to receive all of that flight capital of the Yakuza from the "Asian collapse" (which also involved key plays by Geoffrey Yeh of Hong Kong who in 1993 established the Hong Kong Futures Exchange ... that helped take down Hong Kong and which was merged out by Dec. 1999 while Yeh and his family cannot hold a board position or have any financial investments).  This is "big" council on foreign relations as Peter G. Peterson (Chair) in 1972-73 made the "Chicago Board of Options Exchange" a possibility while he was Secretary of Commerce -- and indeed, Geoffrey Yeh's son, V-Nee was in a venture with Peterson's Blackstone Group formed, oh yes, in 1985, same year Frank Carlucci created Carlyle -- while J. Carter Bacot was chair of BoNY and Council on Foreign Relations; while GS was controlled by Sumitomo Bank (Yakuza, now Sumitomo & Mitsui Bank) .. Pug Winokur and his DynCorp and Capricorn, Harvard .. all back to 1985 - 87 ... ready to pop when the Yakuza and Russian money came this way 1997+?????).   Enron's system is driven by Tandem Computers.  KPCB was formed in 1972; by 1974 Tom Perkins was Chairman of Tandem; Tandem merged into Compaq and they set up ops in Houston ... Perkins and Caufield were close to Richard Jaedicke, accounting prof at Stanford's GSB -- who then became dean in 1983 - 1990 of the Graduate School of Business -- Mr. Magic Numbers ... Jaedicke is on the board and audit committe of Enron ... Perkins wrote in a mandatory appointment of himself and others he chose to the board of Compaq (keiretsu inter-locking board requirements, they describe as 'partnerships' and 'strategic placements').  Tandem units of Compaq develops the "leading edge" computer systems for Enron's trading program; money made on "trading" everything, but mainly energy -- these boys in CA lead a move with Pete Wilson (great buddy of Alex. Haig's) to de-regulate utilities in CA ... led to need of a spot market, all envisioned and put in place by 1996 time with Wilson signing off on legislation about this time or shortly after ... while Enron formulates a "pool of players" to trade in energy spot market ... even to trade in another keiretsu-smitten line, bandwidth/broadband, for example .... trading on "nothing" .... Enron drove the entire federal energy group into their wild deal, and was using fed to promote other states to de-regulate utilities....   List of Class Action suits against companies that were provided "seed capital" by Kleiner Perkins Caufield & Byers, venture capital firm, which then connected with "new units" of Wall Street investment banks that set up in the 1990s in Palo Alto and San Francisco -- Credit Suisse First Boston (Frank Quattrone representing traditional organized crime, mafia, sicilians, etc.) and Goldman Sachs (controlled by Yakuza Sumitomo Bank and worm-infected Kamehameha Athletic - Bishop Trust, which also provided insurance to Robert Rubin personally insuring him against any downside risk in his private securities portfolio)... and it spread, including more Wall Street players Lehman Brother, Morgan Stanley, Merrill, etc.  But the "lynchs" were Credit Suisse First Boston and Goldman Sachs ... minors also like Hambrecht & Quist were cut in on the "laddering" deals ... often most likely by key personnel who flowed from one firm to another .... needs more research on this end of the line ....   Again, list of Class Action cases filed to date involving KPCB "seeds or sprouts":   AOL American Online ... At Home, smerged into Excite. being dismembered. some offerings in Tele-Communications which went into AT&T and infected it via Broadband (more the intell side out of Denver; two     of Tele-Communications board Malone + on board of BoNY) Amazon.com (Bezos personally named, and also personally named in drugstore.com) Audible, Inc. Calico Commerce Citrix Systems Corio Covis Cosine Communications drugstore.com (here not only is Bezos named, but so too is William Savoy, President of Paul G. Allen's Vulcan Ventures -- both         Paul G. Allen and gates are keiretsu jobs; if you look up InfoSpace (Ticker INSP) at bigcharts.com, click to SEC, look for     a 13D or 13G filed 9/10/01 -- Allen, Savoy, Vulcan forced out of Go2Net.  Go2Net controlled Silicon Investor which was used     to hype their deals, also had purchased stake in thestreet.com and controlled other touters of the dot.com and tech issues -     you will see all 22 million shares owned by Allen, Savoy, Vulcan were purchased back by InfoSpace to get the bug out of     their systems ... "non-disparagement agreements" -- document as I recall may have been filed by Deutsche Bank -- good guys     coming to rescue, that is why former Director of Enforcement of SEC Richard Walker took position as "counsel" for Deutsche     I am sure -- also, all of the "puts" in airlines and insurance companies negatively impacted by 9/11 attack suggesting someone     knew in advance were handled by Alex. Brown, brokerage subsidiary of Deutsche it acquired when it purchased Bankers Trust     which controlled it that nearly went down with LTCM debacle - he'll find out who knew -- out went heads of Alex.Brown). Extreme Networks Focal, Inc. Hndspring Harmonic Lightwaves Homegrocer - merged into WebVan, taking it down Internet Security systems Intrawave iVillage Macromedia Marimba ONI Systems PictureTel Quantum Rambus RasterGraphics Redback Networks Rhythms NetCommentions Symantec Ventro Viant WebMD   Any other number of IPOs within their client list may have merged into other companies against which class action has been filed.  It has been difficult to track many of their other seeded ventures that went public ... some have ticker symbols that no longer appear suggesting merger, but I haven't had time to read press ... involved are another 90 firms -- 31 have class action of a total count of 121 firms they seeded that have gone public.  There are yet hundreds more actions following ... much is centralized now in the Southern District of New York (not Manhattan, not the Mary Jo White group).   I have seen Sequoia Capital, also on Sand Hill Road in Menlo Park, participating with KPCB in deals ... this needs research.   Here is a pattern I found by looking at share price movement (input ticker symbols/company name at bigcharts.com, select "all data" instead of 1 year, and "click" blue button - quick chart to get a chart of prices ...   Acuson (ACN), issued July 2001 at $15, price in Nov. $24 Align Technology (ALGN) issued Feb. at $18, now down to $2 Argonaut Technologies (AGNT) issued July 2000 at $20, now $3 AXYS Pharmaceuticals (AXPH) issued 1/98 $ $8, up to $20 in hype of 1999-2000, now $2 Biosite Diagnostics (BSTE) issued 2/97 at $12, up to $85 1999-00, now $18 Brio Technology (BRIO) issued 1/98 at $18, up to $60, now $2, movement up during 1999-00 hype   A fascinating chart to see is Collagen Aesthetics (CGEN).  This stock issued 9/00 at $8, and on a single day over any number of days the spread between bid and asked would be up to $8 per share!  It went to $20 and is now $3 ... I would expect this was indeed a laddering scheme that ended with the litigation began in earnest last March, and picked up tempo ...   The above are but a handful of the 90 firms seeded then IPOed by KPCB.  There are yet dozens more firms that are still private, waiting for strategic partners, incubating as it were, and predominately in biotechnology sector .... an article in the past month in "The San Francisco Chronicle" noted that the biotech firms have enough capital to continue their work and research for about 2.5 years on average .... this will provide enough time to cleanse wall street and the venture capital firms ... in the sense, expose and have essential litigation in place and controls ...   For those who want to do further research (if it is even possible), I was only able to come up with the above because Kleiner Perkins Caufield and Byers has a website at http://www.kpcb.com where they list their "clients."  From this list, where they conveniently provide ticker symbols (though it is out of date) for companies they have seeded, I was able to develop a list of public companies they seeded, fertilized and engineered into the investment banks.  I was then able to run the list of names against those in the http://securities.stanford.edu database and then the ticker symbols through http://www.bigcharts.com to see when issued and share price movement.  You might want to make a list of these sites.  If the names of companies "sprouted" can be located, we can learn a great deal more.  I am not finding the venture capital firm KPCB listed as a defendant, only certain principals in various class action, partner Brook Byers and L. John Doerr and the earlier 1996/97 complaint naming Frank Caufield in the AOL deal.  These are fairly recently filings, and again, lots more to come. They or others may be defendants in hosts of other actions and may be specifically named, but some complaints are not available ... and some names remain does.   Names of active partners at Kleiner, Perkins, Caufield & Byers:   Steven Anderson, Brook Byers, Kevin Compton, John Denniston, Rick Dodd, John (L. John) Doerr, Juliet Flint, Norbert Gottenberg, Will Heast (son of William Randolph Hearst), Thomas Jermluk, Vinod Khosla, Joe Lacob, Aileen Lee, Doug Mackenzie, Matt Murphy, Ted Schlein.., Russell Siege... (names cut off printout, go to site and read about "our team").   Emeritus Partners:   Frank Caufield, Eugene Kleiner, Floyd Kvamme (named last month to Bush's techology advisory group), Bernie Lacroute, Jim Lally, Tom Perkins.  Each could be run through http://www.edgar-online.com, select "people" on left, and see board affiliations in public sector.    Please note class actions are being filed as quickly as possible ... to recover monies for investors, funds, pensions, individuals, to restore and prevent collapses there ...         ----- Original Message ----- From: Linda Minor To: Catherine Austin Fitts ; kate ; Lois Ann Battuello Sent: Wednesday, December 05, 2001 6:08 AM Subject: The syndicate's accounts receivable guys perched and ready to rip   http://www.austin360.com/statesman/editions/wednesday/business_1.html   "Sorting through this mess is going to take some time," Johnson said. He said the off-balance-sheet partnerships Enron used "created a sort of accounting black hole. . . . But one way or another, we intend to get to the bottom of this." Rep. Edward Markey, D-Mass., a member of the committee, called Enron's collapse "the pinata of congressional issues." *** Enron's stock jumped Tuesday as investors took heart in news that Enron had secured $1.5 billion in short-term financing from J.P. Morgan Chase and Citigroup. But the shares still were only 87 cents, one hundredth of where they were a year ago. [So these guys will infuse a little more money-laundered cash and come out owning the whole whole pie for a steal.  Question is, how did the stock get so high?  They must have ripped off the small stockholders who invested in mutual funds in the billions of dollars.  If the pop is 30 times earnings, how did they get the value up x 100?  Actually, it went from $85 to 40 cents--more like x 200.] *** "This is an issue of psychology more than it is economics," he said. [Psychology--as in mass brainwashing!--LM]

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