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Web: Global Client Elgindy Slammed by US Attorney

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Global Client Elgindy Slammed by US Attorney

Bud Burrell, Lee M. Webb

Street Wire cited by Sanity Check via Wayback, 4 March 2006

Amr (Anthony) Elgindy, a short selling fraudster who conducted many of his trades through Vancouver-based Global Securities Corp., deserves “a very substantial term of imprisonment,” according to Assistant United States Attorney John Nathanson. In fact, the U.S. government thinks Mr. Elgindy should be locked up for life.

Mr. Elgindy was arrested in May of 2002 and convicted on 11 counts of a 32-count indictment for racketeering, securities fraud and extortion last January. He is now scheduled to be sentenced on March 22.

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Web: Are Financial Journalists Nazi’s/Socialists/Communists in Drag? Remember Dan Dorfman?

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Are Financial Journalists Nazi’s/Socialists/Communists in Drag? Remember Dan Dorfman?

Bud Burrell

Sanity Check via Wayback, 1 March 2006

I witnessed some of the most unprofessional broadcast journalism in my life history yesterday and today, in the treatment of Dr. Patrick Byrne on Kudlow and Co, where a gang of jounalists literally shouted over his voice, and this morning on CNBC, where the same tactics were tried again, only to have Patrick hold up a sign sending every viewer to go to www.thesanitycheck.com for more information.

These tactics I witnessed were similar to those used by the left against Ann Coulter recently, and are mirrored in the conduct of the Brown Shirts supporting Hitler in Germany in the 1920’s and 1930’s, and the Communists throughout their history. The hard left has used these tactics for decades, because they didn’t and don’t have an intelligent response to or plan for the issues at hand. Ditto here.

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Web: Stockgate Report – Investrend Article on Targeting of DTCC by NASAA members for Subpoenas

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Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas

Bud Burrell

FinancialWire cited by Sanity Check via Wayback, 14 February 2006

FinancialWire has learned from a highly-placed informed source that the Depository Trust and Clearing Corp. appears to be a target of an enforcement action by the multi-state task force formed by the North American Securities Administrators Association.

If so, this would explain a recent flurry of posts and press releases by the DTCC denying any complicity in the exploding national illegal manipulative trading scandal known as StockGate, embroiling Netflix (NASDAQ: NFLX), Overstock (NASDAQ: OSTK), Krispy Kreme Donuts (NYSE: KKD) and Martha Stewart OmniLiving (NYSE: MSO), as well as provide a measure of validation to rampant rumors that the clearing house, jointly owned by the NASD and the New York Stock Exchange has received subpoenas.

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Web: Who Caused the SEC to Enter an Amicus Brief on behalf of DTCC in the Nanopierce Case?

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Who Caused the SEC to Enter an Amicus Brief on behalf of DTCC in the Nanopierce Case?

Bud Burrell

Sanity Check via Wayback, 5 February 2006

It was my understanding, and that of many I know, that the SEC had told Counsel for the victims a year ago in a special purpose meeting, that they would NOT be filing an Amicus brief for DTCC in the matter of Nanopierce.

So what happened to change that position, and Why? Who got to the SEC on this issue, causing a change of mind and position? The only units able to put this kind of pressure on the SEC is either our Congress, or the Senate. So which was it.

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Web: The Death of a Thousand Cuts

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The Death of a Thousand Cuts

Bud Burrell

Sanity Check via Wayback, 2 February 2006

During my undergraduate studies, I read of an historical method of execution known as the Death of a Thousand Cuts. I have come to see that as a metaphor for how guerrilla wars (like ours) are won and lost.

Whether any of us have fully realized it or not, we have been engaged by an insidious enemy whose sole desire was to steal what was not theirs from others they viewed as their inferiors, rather than earn it legitimately. When a person was executed by the infliction of a thousand small cuts, the pain was enormous, eventually killing the subject by shock and loss of blood, but very, very slowly.

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Web: Who is responsible for the Current Market Counterfeiting Crisis?

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Who is RESPONSIBLE for the Current Market Counterfeiting Crisis?

Bud Burrell

Sanity Check via Wayback, 31 January 2006

Besides transfer agents, our legislature have only one agency of significance that reports directly to them outside the Cabinet system. It is the Securities and Exchange Commission. The power the SEC has is granted it by legislative acts (called laws, not rules) of the Congress and the Senate.

When the SEC fails to discharge its duties authorized to it by Congress, they may fail to discharge a delegated authority, but the responsibility remains squarely on the shoulders of its enabling Branch, the bi-cameral legislature of the US Government. If the responsibility for the performance of agencies under the Executive branch sits on the shoulders of the US President, so does the performance of the SEC, good or bad, go to the credit or discredit of the Legislative Branch. If the SEC doesn’t get the funding it needs to discharge its duties, Congress and the Senate are to blame.

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Web: Where is the US Department of Labor on Theft of ERISA and Retirement Funds

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Where is the US Department of Labor on Theft of ERISA and Retirement Funds

Bud Burrell

Sanity Check via Wayback, 30 January 2006

Where is the Department of Labor in the total breakdown in surveillance of fraud against US individual and other pension and retirement assets? This is a fundamental responsibility of this Agency according to the Employee Retirement Income Security Act of 1974. Under their oversight (an oxymoron?), some $4 Trillion or more has been stolen from the savings of US investors placed in their retirement and pension accounts.

Why hasn’t anyone else addressed this issue? Why is the silence of DOL on this issue so total, literally deafening in it silence? It appears everyone responsible for protecting individual investors has deferred to the interests of the very wealthy and their front organizations, particularly hedge funds. What would happen if every small American simply stopped putting money into the market? That is what the markets deserve for their corruption, venality and arrogance.

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Web: Criminal Syndicalism a Class A Federal Felony, Viewed at Insurrection and Sedition (that’s Treason for the Non-Law Types)

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Criminal Syndicalism a Class A Federal Felony, Viewed at Insurrection and Sedition (that’s Treason for the Non-Law Types)

Bud Burrell

Sanity Check via Wayback, January 18 2006

I was prompted to search Federal Criminal Code for references to how manipulative criminal syndicates were viewed under the Law of the United States. This search led me to two pages in Eustace Mullins’ controversial book, “The World Order”, published in 1985. On page 214, I found that according to his research, prior case law going back to the mid-1800’s viewed “combinations of capitalist and financiers for the purpose of manipulating from a large capital foundation/source to be directly chargeable as “Insurrection and Sedition”. That’s Treason for you non-lawyers out there.

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Web: Rod Young, Eagletech CEO’s Open Letter on the Shorting Scandal, a Classic

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Rod Young, Eagletech CEO’s Open Letter on the Shorting Scandal, a Classic

Bud Burrell, Rod Young

Sanity Check via Wayback, 17 January 2006

Today, more than one month later, the records have not been forthcoming as ordered by the court. Instead, as First Deputy General Counsel for the DTCC, I believe you have undertaken a campaign to disseminate misinformation, lies, and half-truths when confronted with facts made public by your detractors.On March 5, 2005 one day after the announcement of the aforementioned court ruling, your interview @dtcc.com, entitled “Naked Short Selling and the Stock Borrow Program”, stated: “One of these companies has been cited for failing to file financial statements since 2001.” Congratulations! You did get one right. On February 15, 2005, the Securities and Exchange Commission deemed it necessary for the protection of investors to institute proceedings pursuant to Section 12(j) of the Securities Exchange Act of 1934 In the Matter of Eagletech Communications, Inc., Respondent.

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Web: Right Makes Might, Courtesy of Abraham Lincoln, February 27, 1860

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Right Makes Might, Courtesy of Abraham Lincoln, February 27, 1860

Bud Burrell

Sanity Check via Wayback, 16 January 2006

I offered a former SEC Regulatory Counsel access to my files (certainly the most comprehensive of any expert in this matter). When I told him the sheer size of the files and suggested he might want me to parse them to him, he said “I’ll call you.” Right. It was obvious he wanted plausible deniability. I expected no call, and got none.

Having said that, this morass is turning into a situation analogous to the stage Slavery was in 1860, when Lincoln made his great speech at Cooper Union in New York City, containing the third element of his statement supporting the concept of “Right makes Might.”

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Web: Federal Regulators Continue to Deny Scope and Implications of Counterfeiting

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Federal Regulators Continue to Deny Scope and Implications of Counterfeiting

Bud Burrell

Sanity Check via Wayback, 10 January 2006

Over the past three years, Federal Regulators have continued to systematically deny the evidence of the existence of massive fails to deliver from numerous sources, many of which have gotten credible exposure on numerous levels from highly informed parties that these regulators can not dismiss out of hand. The implications are many, but the most serious are those connected to a massive counterfeiting conspiracy, conducted by a very sophisticated coterie of parties who have been affiliated with one another for literally decades through varying sides of the securities industry, both buy and sell side.

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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?