Thursday, June 27, 2013

N.J.'s Jon S. Corzine Faces Lawsuit.

Adam Liptak, "Justices Void Oversight of States Issue at Heart of Voting Rights Act," The New York Times, June 26, 2013, p. A1. (Forget the Voting Rights Act.)

Adam Liptak, "Justices Step-Up Scrutiny of Race in College Entry," The New York Times, June 25, 2013, p. A1. (Forget Affirmative Action.)

David Carr & Ravi Somaiya, "Assange, Back in News, Never Left U.S. Radar," The New York Times, June 25, 2013, p. A1. (9 FBI agents travelled to Iceland under false pretenses to illegally investigate and seize information against Julian Assange. They were thrown out of the country.)

Ben Protess, "U.S. Civil Charges Against Corzine Are Seen as Near: Test for Ex-Governor," The New York Times, June 25, 2013, p. A1. (Wear a safety belt, Jon.)


Mr. Corzine, whose efforts in the MF Global crisis resulted in the loss of billions of dollars by his clients, but also the mysterious preservation of his own funds -- allegedly, through "borrowing" by Mr. Corzine of about $1.2 BILLION of client money -- may now be facing what the media calls "civil charges."

There is no such thing, legally, as "civil charges." There are civil suits and criminal charges may be brought against a person, often as a result of the same sequence of events. The word "civil" precludes the concept of "charges." 

Mr. Corzine, for example, may now face a lawsuit only after receiving a discharge in bankruptcy that makes criminal charges highly unlikely and without being affected in his personal assets.

Much of Mr. Corzine's personal wealth (estimates are close to $500+ million in cash and non-liquid assets) may have been -- or will be -- "transferred" to third parties since the MF Global collapse. This will make such assets difficult to seize by federal officials should they prevail in the suit which they have not yet brought.

If such a lawsuit is brought and if Mr. Corzine fails to win that suit, together with all appeals after a jury verdict, then he may be barred from trading on Wall Street. 

At 66 years-old, Mr. Corzine seems not overly troubled about the worst outcome, if it happens, 10 to 15 years from now when he will be in his nineties, assuming that he is still alive. 

No criminal, civil, or ethics actions will be brought against Mr. Corzine's lawyers, presumably including Mr. Scott Bazzani, his son-in-law and my old jousting partner at North Bergen's Municipal Court. ("North Bergen is the Home of La Cosa Nostra" and "Mafia Influence in New Jersey Courts and Politics.")

"Federal regulators are poised to sue Jon S. Corzine over the collapse of MF Global and the brokerage firm's misuse of customer money during its final days, a blowup that rattled Wall Street and cast a spotlight on Mr. Corzine, the former New Jersey governor  [and Senator] who ran the firm until its bankruptcy."

Was Mr. Corzine aware of my matters when he served as governor and/or the actions as well as inactions of his Attorney General, ANNE MILGRAM, in connection with crimes committed against me? We will know soon enough. Here comes the good part:

"Without directly linking Mr. Corzine to the DISAPPEARANCE of more than $1 BILLION in customer money, the tracking commission will probably blame the chief executive for failure to prevent the breach at a lower run of the firm, the law enforcement officials said. If found liable, he could face millions of dollars in fines and, possibly, a ban from trading commodities, jeapordizing [sic.] his 'future' on Wall Street."

What future? Mr. Corzine is nearly 70 years-old? Far from being contrite about "absconding" with billions of "little brown people's" money while causing them to lose billions more (the final tally put MF Global's losses at about $3 billion), Mr. Corzine was defiant: 

"A spokesperson [OAE?] for Mr. Corzine denounced the trading commission for planning to file what he called 'an unprecedented and meritless civil enforcement action.' ..."

What the hell is a few billion dollars stolen among friends? Most Wall Street firms have essentially escaped the financial crisis unscathed. No criminal actions for massive scams have been brought against the primary culprits. 

Perhaps if more of the men running Wall Street firms were African-Americans there would be a greater effort to put them in prison. ("Justice For Mumia Abu-Jamal" and "So Black and So Blue in Prison" then "Foucault, Rose, Davis, and the Meanings of Prison.")

Mr. Corzine should be indicted along with many others on Wall Street. Lawyers making these scams possible should be disbarred rather than serving terms on New Jersey's disgraced and corrupt legal ethics committee. ("Legal Ethics Today" and "Is America's Legal Ethics a Lie?")

Most lawyers I knew expressed contempt for political partisanship, bias against minority attorneys, organized crime influence, and price tags associated with the legal ethics process in America's "Soprano State." ("New Jersey's 'Ethical' Legal System" and "New Jersey's Politically-Connected Lawyers On the Tit" then "Corrupt Law Firms, Senator Bob, and New Jersey Ethics" and "New Jersey's Office of Attorney Ethics" and "Law and Ethics in the Soprano State.")

It is impossible not to laugh at the absurdities of a hypocritical and failed state legal system that is so visibly unequal and unjust in its outcomes. Do you speak to me of ethics, Mr. Rabner? ("Have you no shame, Mr. Rabner?" and "Stuart Rabner and Conduct Unbecoming to the Judiciary in New Jersey" and "Herbert Klitzner, Esq.'s Greed and New Jersey's Hypocrisy.")