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Enron & Credo Crunch

FBI prevented disclosure



Cause Global Credo Crunch


financial crisis based on toxic energy fundamentals:


      


Justice Lake III was warned


Breaking the FBI case: - restarted october 9, 2008 after the recent financial world's developments. Global toxic energy fundamentals in renewed perspective! The perception of reality is unveiling the truth at last while becoming self-explanatory for the masses.


The Changing Regulatory Landscape


SO WE ALL KNEW !


comment & discuss:      http://US-gov.ning.com


It's a crash, but not as we know it



 INFORMING THE JUDGE:


   FBI stopped last man on the stand !   


If you think the judiciary is the backbone of society's frame of confidence, let alone the sick financial system, think again and read on about Justice Sim Lake's obstruction on further explanation of the post-war rootcause of global systemic crime*) and industrial dominance of private parties causing state failure. It happened before the bench during the sentencing session of the Enron trial. *) Compare the Enwrong cold case under 'The very complexxon'.


LESSONS BURNED


From Enron to the Financial Crisis, With Alan Greenspan in Between ...


The Financial Crisis and Its Enron Roots - Robert Schlesinger ...


blogHOUSTON - How they see Judge Sim Lake


3 Feb 2006 ... Judge Sim Lake, who is overseeing the Enron fraud trial, ... Judge Sim Lake has spent most of his life in the Lone Star State. ...
www.bloghouston.net/item/2637


How they see Judge Sim Lake


Judge Sim Lake, who is overseeing the Enron fraud trial, has been profiled by two prominent newspapers today.


The Financial Times profile gets off to a predictable start:



Judge Sim Lake has spent most of his life in the Lone Star State. Yet he could hardly be further removed from the stereotypical strutting Texan.


Belated warning to any international media in Houston -- beware of the stereotypical strutting Texans! But be even more wary of the Danger Train. It kills.


The Washington Post profile dives right into substance:



As the trial of Enron Corp.'s former leaders ends its first week, U.S. District Judge Simeon T. Lake III is turning into its most active player. Thursday, he beat back repeated defense objections, urged the government to file color-coded document lists and stepped in on occasion to pose his own questions of the prosecution's first witness.


It was quintessential Lake. He is a man in control -- of his emotions, of his fitness regimen, and, most especially, of his courtroom.


So there you have it. Hat tip to the Wall Street Journal Law Blog for the links.


Posted by Kevin Whited @ 02/03/06 08:57 AM | Houston People | Technorati | Sphere | Comments (3)











Financial Crisis: Deep Down, We All Knew This Was Coming
AlterNet, CA - 8 hours ago
The warnings from the Enron meltdown could scarcely have been more clear. Indeed, two key lessons were obvious: financial regulators needed lots more ...OTC:DPDW





Accounting board adopts guidance to ease crisis
The Associated Press - 17 minutes ago
... validity of financial statements and encourage exactly the kind of dodgy accounting that defined the Enron era of corporate scandals earlier in the decade.





Criminal Prosecutions Predicted to Surge Over Financial Crisis
Law.com (subscription), CA - Oct 8, 2008
He speculated that those facing indictments as a result of the current crisis would rely on defenses similar to those used by former Enron Executives ...

  


Why wouldn't Skilling explain the Very global Complexxon?


While 'American Conduct' still controls the European Constriction of 1963 -based on U.S.-imposed energy fundamentals as a result of abusive post-war industrial technology advantage during the European-U.S. negotiations for the globe's first energy transition from coal to natural gas- it is only fair to conclude that Justice Lake's decision to instruct a local jury to judge the Enron case for strategic and structural P3-induced global crime, was not well-founded while lacking key-substance on arguments and essential overview regarding the basics of global greed-technology's performance- and claim-culture and incorporated governance / state-corporate crime within the financial architecture of the world's economic domain, invoking abusive industrial dominance on the global markets' supercycles and it's institutional behaviour sustaining the permanent need for strategic securitization and evermore complex and sophisticated, narrowing and limiting 'innovation' techniques hiding real risks and limiting sound opportunities for real people in a just and sustainable world with a really open, competitive but fair global economy.


 US District Judge Simeon T. Lake III, Houston.


Now hastely reviewing the Sarbanes-Oxley corporate governance Code of Conduct will never cure the criminal implementations and fundamentals of cheap-oil terrorism that led from war and U.S. Patriot Obsession and related addictions to a sense of superiority now defining democracy for the remainder of the world in hindsight.


Lee Raymond (ex-Exxon) being the most wanted corporated crook and aggressor, should be tried first. Let's start at the top and work from there -questioning aggressive private authority dictating ignorant, indifferent and corrupt public servants- so everybody can understand and identify themselves with the current state of affairs of responsible development and sustainable globalization in order to get rid of the ubiquitous parliamentary deficit threatening world stability and restore failing jurisdictions, to finally be able to detect collective guilt and distinct it for ourselves from the terror of growing Saudimocracy!



Global Crime judged by a local jury.


Ex-Enron CEO Jeffrey Skilling's sentencing hearing of October 23, 2006, in the Bob Casey UNITED STATES COURTHOUSE, 515 Rusk Avenue, HOUSTON:  United States District Court, Southern District of Texas, Courtroom 9B.


http://sentencing.typepad.com/sentencing_law_and_policy/enron_sentencing/index.html


Nearing the end of the public hearing where seven sceduled Enron-victims and two Enron-strategy defenders had addressed the Court, U.S. District Justice Sim Lake allowed for two extra unlisted speakers to express concerns and take the stand. Yours truely became the last person to possibly clarify confusion in the world's most obvious accounting-scandal trial that triggered new codes of conduct following the subsequent 2002 Sarbanes-Oxley Act for ethical behavior and so-called 'good governance'. (compare 'incorporated governance' elsewhere on this anti-tank thinking portal)


www.economist.com/background/displaystory.cfm?story_id=6838617


*  www.wikipedia.org/wiki/Sim_Lake


 Justice lake: "Please come forward and state your name".


* U.S. District-Judge Sim Lake is a former environmental litigator with Fulbright & Jaworski and was appointed to the federal bench by President Reagan in 1988. He earned his law degree from the University of Texas School of Law in 1969 and was a U.S. Army officer from 1970-71. Lake earns consistently high ratings from Houston-area lawyers in the Houston Bar Association's annual judicial preference poll. Nearly two years ago he sentenced former Dynegy finance executive Jamie Olis to 24 years in prison for his role in pushing through a 2001 scheme to disguise debt as cash flow. In October 1999, he sentenced former day trader Alton Dane Hudnall to 25 years in prison for conspiring with five others to defraud 500 European investors of $53 million in a money laundering scheme. Hudnall was convicted of 26 counts of money laundering, 17 counts of wire fraud and one count of conspiracy. In June 1995, lake sentenced former Houston socialite Teresa Rodriquez to nearly 22 years in prison on 36 counts of wire fraud, mail fraud and money laundering for bilking 375 investors of $69 million.


 


 


 


Stephan Tychon:  'Thank you, Your Honor, for letting me speak on this occasion, my name is Stephan Tychon, Chief Officer of Change of the World Stability Council, Bruxxelles.'


'Your Honor, I am disappointed about the Court's global view and fundamental lack of overview concerning international business matters'.


Judge Lake: ' Did you write the Court a letter on this?'


'Your Honor, I had a pre-trial interview with one of the federal prosecutors (Cliff Stricklin, one of the four Enron Task Force attorneys) and expressed concerns of lacking global overview in energy matters.... ' ...previously registered with the U.S. Attotney General Jeminez in Miami (March 31, 2004)...see Exxon-related scope of the Enron-scandal under 'Exxon Task Force'.


 Cliff Stricklin: Enron Task Force federal prosecutor www.usdoj.gov/usao/co/cliff_stricklin_bio.pdf


At this time a female U.S. Marshall signals to immediately stop, so I bruskly turned away without even thanking the Judge, to decidedly regain my seat.


As these were the last words spoken by a representative of the public in this landmark process, I still feel honored to have been able to do so, even while explaining my point of view was made impossible... factual evidence is officially registered and could be of good use for Skilling's appeal to unravel the tangled crime of the global Complexxon:


Just after Judge Lake adjourned the Court's sentencing hearing, I spoke -still being in the courtroom-  with the director of the Justice Department's Enron Task Force, lead prosecutor and former white collar criminal defense and securities fraud attorney Sean Berkowitz who advised me to follow-up with Cliff Stricklin who is now No. 2 in the Denver U.S. Attorney's Office: the First Assistant U.S. Attorney, after receiving the Department of Justice's most prestigious award and Highest Honor, the Attorney General's Award for Exceptional Service. In August 2006, U.S. Attorney Troy Eid assigned Stricklin to head the trial team in the United States vs Joseph Nacchio.


www.en.wikipedia.org/wiki/Sean_Berkowitz


  DELAY 's KILLING US ALL !!


I feel locking-up U.S. intelligence and creativity does not advance this world. Instead it harms progressive innovation and just amounts to costs and harms to the global society that is under pressure of Exxon's Cheap-Oil Strategy where real change and progress for the greater good are structurally frustrated to say the least.


 


'The Last Word Not Said' is to be continued off-course by the Exxon Task Force and will take her to great lenght and the deepest depths. Just watch this for more to come!  


www.csmonitor.com/2006/0517/p01s03-usju.html








(Photograph)
PRESIDING: Federal Judge Sim Lake's jury instructions surprised many.
RICHARD CARSON/REUTERS


from the May 17, 2006 edition







Enron judge eases way to guilty ruling


Judge Sim Lake said that the act of ignoring red flags can be criminal, stunning the legal community.


| Staff writer of The Christian Science Monitor
The case against the two top Enron executives goes to the jury Wednesday after 15 weeks of testimony, and it may have just become easier for the jury to convict them.

US District Judge Sim Lake, who has been lauded for running an evenhanded and efficient trial so far, stunned the legal community here when he told the jury it may find Enron founder Kenneth Lay and its CEO Jeffrey Skilling guilty of simply ignoring red flags about criminal conduct at the company - of being "deliberately ignorant" - instead of being actually involved in the wrongdoing.


"It's an extremely severe instruction, and one that's a very, very hot topic in the federal circuit right now," says Gerald Treece, assistant dean of the South Texas College of Law in Houston.


Several high-profile, white-collar convictions have recently been reversed on this issue at the circuit court level, including that of Frank Quattrone, a former investment banker at Credit Suisse First Boston. WorldCom CEO Bernard Ebbers' conviction is also on appeal related to this particular jury instruction.


While the "deliberately ignorant" instruction has been common in corporate trials, it is becoming more controversial as a growing number of convictions are overturned on this issue.


The US Supreme Court addressed it tangentially when it found that a judge's instructions allowed the jury to convict Enron's accounting firm, Arthur Andersen, without proving that the firm knew it broke the law.


In the case of the Enron executives, "this jury instruction will be the most fruitful area for reversal; it's a ticking time bomb for the prosecution," says David Berg, a Houston defense lawyer and author of "The Trial Lawyer: What It Takes to Win." "In every circuit in this country," he adds, "judges are emphasizing the need to prove that a defendant intended to commit criminal acts, not simply ignore them."


While Mr. Lay and Mr. Skilling may not like the jury instruction if it results in convictions, they will certainly like it on appeal, says Mr. Berg.


In its closing arguments earlier this week, the government emphasized the deliberately ignorant instruction for the jury.


When The Wall Street Journal began to ask hard questions in September 2001 about the company's chief financial officer, Andrew Fastow, and the off-balance-sheet partnerships he created, Lay intentionally did not confront him, said prosecutor Kathryn Ruemmler.


"Over and over again, Lay chose not to ask hard questions. He did so trying to stick his head in the sand, and the law says you cannot do that," she said.


Lay is charged with six counts of conspiracy and fraud and Skilling with 28 charges of conspiracy, fraud, and insider trading.


But even with the broad jury instruction, the hardest convictions to get will most likely be on the conspiracy charges, say legal experts.


"Conspiracy is always a difficult charge to prove because those involved don't sit around a smoke-filled room planning what they are going to do and taking notes," says Jacob Zamansky, a securities fraud lawyer in New York who attended much of the Enron trial.


Jurors will most likely begin with the other counts first, says Christopher Bebel, a former federal prosecutor and economic-crimes expert in Houston.


That's because the conspiracy counts rise and fall on finding guilt in individual acts committed to further the aims of the alleged conspiracy, he says.


Both Lay and Skilling say there was no conspiracy. In fact, they say that there was no crime at Enron - save for a greedy few.


But even if they are convicted of just one count each, their sentences are sure to be stiff. Judge Lake, for one, has already shown that he takes corporate fraud seriously.


He sentenced Jamie Olis, a former vice president of finance at Dynegy Inc., to 24 years in prison for his role in a $300 million accounting scam at the Houston energy firm.


Last year, the Fifth US Circuit Court of Appeals in New Orleans threw out the sentence, but upheld the fraud conviction. Lake has not yet resentenced Mr. Olis.


"These men [Lay and Skilling] are going to be in jail for decades if convicted," says Mr. Zamansky. "We are beginning to take this type of crime much more seriously than we did 10 to 15 years ago."



View all web results for skilling appeal












Panel hired big guns for probe
The Times-Picayune - NOLA.com, LA - Oct 4, 2008
In private practice, Woods has represented Enron CEO Jeffrey Skilling; US Sen. Kay Bailey Hutchinson, R-Texas; and Terry Nichols in the Oklahoma City ...





Enron prosecutor says case parallels crisis in subprime mortgage ...
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By KATE GIAMMARISE A former US attorney who prosecuted top Enron executives Kenneth Lay and Jeffrey Skilling said he sees several "eerie parallels" between ...





The banking debacle and Enron: is there a pattern?
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As Enron CEO Jeff Skilling sits in prison awaiting judgment on his appeal against conviction for fraud, he might be thinking that his key mistake was not ...





Cox `Asleep at Switch' as Paulson, Bernanke Encroach (Update2)
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Ebbers and Enron executives Kenneth Lay and Jeffrey Skilling were all convicted of fraud. Ebbers and Skilling are in prison; Lay died shortly after his ...





Corporate Bankruptcy Filing - The Inevitable Chapter
Trading Markets (press release), CA - Sep 19, 2008
In May 2006, the company's former CEOs Kenneth Lay and Jeffrey Skilling were convicted on charges including securities fraud, making false statements, ...LEH - BCS



  • Sim Lake is an American judge and attorney who has served on the United States District Court for the Southern District of Texas since 1988. ...
    en.wikipedia.org/wiki/Sim_Lake - 20k - Cached - Similar pages - Note this


  • Houston's Clear Thinkers: The wit and wisdom of Sim Lake


    23 Feb 2006 ... sim lake4.jpg U.S. District Judge Sim Lake is widely-considered to be one of the best jurists in Houston, and his no-nonsense handling so ...
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  • Enron judge comes to trial well-prepared | Enron | Chron.com ...




  • 29 Jan 2006 ... "He's not the guy who will be bringing the whoopee cushion," said Rufus Wallingford, a former partner of U.S. District Judge Sim Lake. ...
    www.chron.com/disp/story.mpl/special/enron/3619919.html - 46k - Cached - Similar pages - Note this


  • HoustonChronicle.com - Photo gallery


    U.S. District Judge Sim Lake. Judge overseeing the government's case against former Enron Chairman Ken Lay and former Chief Executive Officer Jeff Skilling. ...
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  • blogHOUSTON - How they see Judge Sim Lake


    3 Feb 2006 ... Judge Sim Lake, who is overseeing the Enron fraud trial, ... Judge Sim Lake has spent most of his life in the Lone Star State. ...
    www.bloghouston.net/item/2637 - 10k - Cached - Similar pages - Note this


  • Sim Lake - fishing lodges canada


    Northwest of Nakina, Sim Lake offers the consistently excellent walleye and northern pike fishing for which this region of Ontario has become famous. ...
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  • Law Blog - WSJ.com : Sim Lake: Serious Judge, Great Name


    31 Jan 2006 ... The Wall Street Journal's Nathan Koppel profiles Enron Judge Sim Lake. The Vietnam vet and Reagan appointee is best known for sentencing ...
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  • Judges of the United States Courts


    Lake, Simeon Timothy III. Born 1944 in Chicago, IL Federal Judicial Service: Judge, U. S. District Court, Southern District of Texas ...
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  • Cases filed in the Texas Southern District Court before Sim Lake ...


    Justia Federal Filings - Texas - Texas Southern District Court - Sim Lake.
    dockets.justia.com/browse/state-texas/court-txsdce/judge-Lake/ - 121k - Cached - Similar pages - Note this 


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


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