Tuesday, September 29, 2009

Filmmaker/Pedophile Jew Roman Polanski Arrested in Switzerland

(CNN) -- Oscar-winning filmmaker Roman Polanski has been arrested in Switzerland on a decades-old arrest warrant stemming from a sex charge in California, Swiss police said Sunday.

Roman Polanski attends a film premiere in Paris, France, in June 2009.

Polanski, 76, was taken into custody trying to enter Switzerland on Saturday, Zurich police said. A spokesman for the Swiss Justice Ministry said Polanski was arrested upon arrival at the airport.
He has lived in France for decades to avoid being arrested if he enters the United States and declined to appear in person to collect his Academy Award for Best Director for "The Pianist" in 2003.
The director pleaded guilty in 1977 to a single count of having unlawful sexual intercourse with a minor, acknowledging he had sex with a 13-year-old girl. But he fled the United States before he could be sentenced, and U.S. authorities have had a warrant for his arrest since 1978.

Polanski was nominated for best director Oscars for "Tess" and "Chinatown," and for best writing for "Rosemary's Baby," which he also directed. He was en route to the Zurich Film Festival, which is holding a Polanski tribute this year, when he was arrested by Swiss authorities, the festival said.

A provisional arrest warrant was issued last week out of Los Angeles, California, after authorities learned Polanski was going to be in Switzerland, Sandi Gibbons, spokeswoman for the Los Angeles County district attorney's office, told CNN on Sunday.
There have been repeated attempts to settle the case over the years, but the sticking point has always been Polanski's refusal to return to attend hearings. Prosecutors have consistently argued that it would be a miscarriage of justice to allow a man to go free who "drugged and raped a 13-year-old child."
The Swiss Justice Ministry said Polanski was put "in provisional detention." But whether he can be extradited to the United States "can be established only after the extradition process judicially has been finalised," a ministry spokesman said in an e-mail.
"It is possible to appeal at the federal penal court of justice against an arrest warrant in view to extradition as well as against an extradition decision," the spokesman wrote. "Their decisions can be taken further to the federal court of justice."
Gibbons said the extradition process will be determined in Switzerland, but said authorities are ready to move forward with Polanski's sentencing process, depending on what happens in Zurich.
Polanski was accused of plying a 13-year-old girl with champagne and a sliver of a quaalude tablet and performing various sex acts, including intercourse, with her during a photo shoot at actor Jack Nicholson's house. He was 43 at the time.
Nicholson was not at home, but his girlfriend at the time, actress Anjelica Huston, was.
According to a probation report contained in the filing, Huston described the victim as "sullen."
"She appeared to be one of those kind of little chicks between -- could be any age up to 25. She did not look like a 13-year-old scared little thing," Huston said.
She added that Polanski did not strike her as the type of man who would force himself on a young girl.
"I don't think he's a bad man," she said in the report. "I think he's an unhappy man."
Polanski pleaded guilty to a single count of having unlawful sexual intercourse with a minor.
There have been repeated attempts to settle the case over the years, but the sticking point has always been Polanski's refusal to return to attend hearings.
Prosecutors have consistently argued that it would be a miscarriage of justice to allow a man to go free who "drugged and raped a 13-year-old child."
Polanski's lawyers tried earlier this year to have the charges thrown out, but a Los Angeles judge rejected the request.
In doing so, Los Angeles Superior Court Judge Peter Espinoza left the door open to reconsider his ruling if Polanski shows up in court.
Espinoza also appeared to acknowledge problems with the way Polanski's case was handled years ago.
According to court documents, Polanski, his lawyer and the prosecutor thought they'd worked out a deal that would spare Polanski from prison and let the young victim avoid a public trial.
But the original judge in the case, who is now dead, first sent the director to maximum-security prison for 42 days while he underwent psychological testing. Then, on the eve of his sentencing, the judge told attorneys he was inclined to send Polanski back to prison for another 48 days.
Polanski fled the United States for France, where he was born.
In the February hearing, Espinoza mentioned a documentary film that depicts backroom deals between prosecutors and a media-obsessed judge who was worried his public image would suffer if he didn't send Polanski to prison.
"It's hard to contest some of the behavior in the documentary was misconduct," said Espinoza.
But he declined to dismiss the case entirely.
Legal experts said such a ruling would have been extremely rare.
Polanski's victim is among those calling for the case to be tossed out.
Samantha Geimer filed court papers in January saying, "I am no longer a 13-year-old child. I have dealt with the difficulties of being a victim, have surmounted and surpassed them with one exception.
"Every time this case is brought to the attention of the Court, great focus is made of me, my family, my mother and others. That attention is not pleasant to experience and is not worth maintaining over some irrelevant legal nicety, the continuation of the case."
Geimer, now 45, married and a mother of three, sued Polanski and received an undisclosed settlement. She long ago came forward and made her identity public -- mainly, she said, because she was disturbed by how the criminal case had been handled.
Following Espinoza's ruling earlier this year, Geimer's lawyer, Larry Silver, said he was disappointed and that Espinoza "did not get to the merits and consider the clear proof of both judicial and prosecutorial corruption."
He argued in court that had "Mr. Polanski been treated fairly" his client would not still be suffering because of publicity almost 32 years after the crime.
Polanski's arrest Saturday came two days after one of his wife's killers died.
The director's pregnant wife, actress Sharon Tate, and four others were butchered by members of the Manson "family" in August 1969. Polanski was filming in Europe at the time.
By her own admission, Susan Atkins held the eight-months-pregnant Tate down as she pleaded for mercy, stabbing the 26-year-old actress 16 times.

Thursday, September 24, 2009

Abercrombie & Fitch Faces Lawsuit Over Muslim Headscarf

Given the hyper-sexualized advertising that Abercrombie & Fitch has long embraced, it is no surprise that the company encourages its employees to let their hair down. But is the company practicing discrimination if it won't hire a young woman who covers her head for religious reasons? Yes, according to the Equal Employment Opportunity Commission. Last week the EEOC filed suit against Abercrombie on behalf of Samantha Elauf, a 19-year-old community college student from Tulsa, Okla., who is Muslim. The suit alleges that Abercrombie "refused to hire Ms. Elauf because she wears a hijab, claiming that the wearing of the headgear was prohibited by its Look Policy," or employee dress code. The suit says that Abercrombie "failed to accommodate her religious beliefs by making an exception to the Look Policy. These actions constitute discrimination against Ms. Elauf on the basis of religion."
Elauf, who had experience working in retail, interviewed for a position at a Tulsa Abercrombie Kids store in June 2008. During the interview, she wore a black hijab, or headscarf, in line with Muslim religious tradition. According to the EEOC, Elauf got word through a friend, who worked in the store, that the headscarf cost her the job. The EEOC alleges that during its investigation, Abercrombie & Fitch flatly told the agency, in a position statement, that "under the Look Policy, associates must wear clothing that is consistent with the Abercrombie brand, cannot wear hats or other coverings, and cannot wear clothes that are the color black." Elauf is suing for back pay and compensation related to emotional pain and anxiety. "If these allegations are true," says Chuck Thornton, deputy director of the ACLU of Oklahoma, "they are serious. In this day and age, it's not acceptable. Certainly, a headscarf is part and parcel of the Islamic experience." (Read "How to Reach Teens in a Recession? Ask A[a {e}]ropostale.")
When contacted for a response, Abercrombie & Fitch issued the following statement: "We cannot comment on pending litigation. We have a strong equal-opportunity policy, and we accommodate religious beliefs and practices when possible. We are confident that the litigation of this matter will demonstrate that we have followed the law in every respect."
Was Abercrombie & Fitch within its rights to enforce its dress code? Title VII of the Civil Rights Act of 1964 prohibits religious discrimination. "It shall be an unlawful employment practice for an employer to fail or refuse to hire .... any individual ... because of such individual's race, color, religion, sex or national origin," the law states. The key language, says Stewart Schwab, an employment lawyer and dean of Cornell Law School, is found in a 1972 amendment to Title VII. This amendment defined "religion." It reads, "The term 'religion' includes all aspects of religious observance and practice, as well as belief, unless an employer demonstrates that he is unable to reasonably accommodate an employee's or prospective employee's religious observance or practice without undue hardship on the conduct of the employer's business."
This case could hinge on a jury's interpretation of the phrase "undue hardship." If Abercrombie & Fitch had made an exception of its Look Policy for Elauf - a "reasonable accommodation" - would that move have hurt the Abercrombie brand? On the surface, that argument seems specious, at best. Would shoppers at that Abercrombie Kids store have been so jarred by the hijab that they wouldn't have bought the company's jeans? If the company makes that case, it doesn't think much of the religious tolerance of the good folks of Oklahoma. (Read "Abercrombie & Fitch: Worst Recession Brand?")
Still, this case is far from a lock for Elauf. "You can't give a blanket statement that this clearly violates her rights," says Schwab. "Employers often win cases involving dress codes. There's a general feeling that employers are entitled to set an image in their stores." If a company sells sex - you can sometimes find a shirtless male model hanging out in front of Abercrombie stores - let's face it, head coverings aren't ideal.
No matter how the suit turns out, Abercrombie & Fitch doesn't need another headache. The company just announced more dismal sales figures: August same-store sales declined 29%. In 2004, the EEOC sued Abercrombie for limiting its hiring of minorities; that case was settled for $50 million. A British woman sued the company for discrimination after Abercrombie's management allegedly shunted her to the stockroom for wearing a cardigan to cover her prosthetic arm. In August, a tribunal awarded her nearly $15,000. The EEOC has also sued Hollister, a teen retailer owned by Abercrombie, for allegedly firing a Pentecostal worker who asked to dress more modestly. That case is still pending.
As for Elauf, she is under attorney's orders to keep quiet about the case. But her grandfather, Ata Elauf, is clearly irked. "They put a wedge into her Americanism," says Elauf. "She grew up here speaking the language, going to school. Why did they do this? She's sort of confused."
Read "Brief History: Affirmative Action."
View this article on Time.com
Related articles on Time.com:
Can Abercrombie & Fitch Not Hire A Muslim Woman Because She Wears a Hea...

Tuesday, September 22, 2009

Ten Big Companies That Are Veering Toward Bankruptcy

Ten Big Companies That Are Veering Toward BankruptcyPosted Sep 18, 2009 12:21pm EDT by Vincent Fernando and Joe Weisenthal in Investing, Media, Products and Trends, Recession
Related: AMD, LVS, S, M, GT, MYL, HTZ

From The Business Insider, Sept. 18, 2009:
Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy.
A new report by Audit Integrity identifies some high-profile names "that have the highest probability of declaring bankruptcy among publicly traded firms."
Which companies appear the worst off? We took the list and removed any company with a market cap under $3 billion. We then ranked the remaining names by a simple measure of the market's perceived bankruptcy risk - Market Cap (MC) divided by Enterprise Value (EV). The less MC vs. EV, the less residual shareholders' value (above what debt holders can claim) the market is pricing-in for the company. Thus a lower MC/EV means the market thinks the company is more likely to go bankrupt.
1. Hertz
When you have tons of debt financing your fleet of cars, falling rental demand really hurts.
While the company raised new capital in May for some breathing room, Fitch and Moody’s actually cut their ratings for the company in July.
Ignoring the downgrade, shares kept rallying and are now at over five times the March $2 low. Best of luck.
Market Cap (MC)/Enterprise Value (EV) = 32%
2. Textron
What a tough time to be selling business jets.
Textron wrote down $2.3 in its backlog this year after it cancelled a new jet design, and demand for its other aircraft-related offerings has plummeted.
Shareholders may be heartened by the company’s ability to push back some debt maturities lately, but deteriorating credit quality at the company’s leasing arm makes the outlook uncertain at best.
MC/EV=39%
3. Sprint Nextel
Sprint Nextel is bleeding customers, and could lose as many as 4.4 million net post-paid subscribers this year.
This is a huge problem when you have large amounts of maturing debt over the next few years.
A recent Deutsche Telekom acquisition rumor offered some hope, but that appears to have faded. Facing a difficult road ahead on its own, the company better keep its lawyers on speed-dial.
MC/EV=41%
4. Macy's
Does anyone even shop at department stores anymore?
Same store sales will likely keep falling at Macy’s right through 2009. With $2.4 billion of maturing debt over the next five years, the company is trying to cut costs, and has already reduced its dividend.
Hopefully the US consumer will bounce back soon, and actually want to shop at Macy's.
MC/EV=47%
5. Mylan
In a classic case of management empire building, Mylan overpaid big time when it bought Merck’s generic business back in 2007 and is now stuck with $5 billion of long-term debt as a result.
From 2007 – 2008, the company lost over $1.3 billion very much due to goodwill write-downs.
While the company could earn $300 million this year, they’ll have to earn far more than that in the future to make their debt manageable.
MC/EV=51%
6. Goodyear
Demand for Goodyear tires has sunk, and the company is saddled with massive debt and pension obligations.
It doesn’t help that The United Steelworkers union prevents the company from proper cost control by forcing factories to stay open.
Shareholders have to wonder how much value will be left of the company after bondholders and the union members have their way.
MC/EV=53%
7. CBS
Weak advertising and falling license fees have sent CBS's earnings off a cliff in 2009.
If they remain depressed for too long, the company could have trouble refinancing $3.2 billion of debt coming due over the next five years.
It will really come down to whether or not CBS’s earnings collapse is merely cyclical, or the result of structural trend whereby traditional TV is dying.
As a business blog, we can't help but feel partly guilty here.
MC/EV=55%
8. Advanced Micro Devices
When will AMD actually make money again? The question is becoming more important by the day since it carries over $5 billion in long-term debt.
After losing almost $3 billion from 2007 – 2008, analysts expect the company to lose more money in 2009 and 2010.
While the shares rallied from their February $2 low, they still appear stuck in a long-term down trend from $40 highs way back in 2006.
MC/EV=55%
9. Las Vegas Sands
Las Vegas Sands over-expanded and over-levered in the last few years and now has over $10 billion in debt to deal with.
Despite jumping 13 times from their March low, Las Vegas Sands shares still face an uphill battle.
Conditions in Las Vegas are horrible, Asian expansion isn’t enough, and if this lasts too long then LVS will end up in bankruptcy court looking like it bit off more than it can chew.
MC/EV=60%

10. Interpublic Group
As one of the largest advertising and marketing companies in the world, IPG was slammed by the global recession.
As the company’s CEO said during recent second quarter results, the downturn “is proving steeper and more lasting than expected”.
Revenues have fallen double digits and the company’s exposure to General Motors as its largest client hasn’t helped.
MC/EV=80%
More coverage from The Business Insider:
The Most Corrupt Members of Congress
The Geithner-to-Goldman Clock

Friday, September 18, 2009

Iranian President Lashes Out At Israel

TEHRAN, Iran — Iran's President Mahmoud Ahmadinejad lashed out at Israel and the West saying Friday the Holocaust was a lie and a pretext for occupying Palestinian lands, while hard-liners attacked a reformist cleric who was marching with the opposition at an anti-government rally in Tehran.

Thousands of opposition supporters held protests in competition with government-sponsored mass rallies to mark an annual anti-Israel commemoration, the Quds Day that reflects the Persian nation's sympathy with the Palestinians.

Tens of thousands joined the government-organized marches in downtown Tehran for the occasion, while baton-totting police and security troops, along with the pro-government Basij militia that helped crush mass street protests this summer against Ahmadinejad's re-election, fanned out along main squares and boulevards.

At one of the opposition rallies, a group of hard-liners came up and attacked reformist former president, Mohammad Khatami, pushing him to the ground, according to a reformist Web site. The report cited witnesses as saying the opposition activists rescued Khatami and quickly repelled the assailants.

Khatami has sided with the opposition in the post-election crisis that has gripped Iran since Ahmadinejad's June 12 re-election. Another reformist Webs site said Khatami's turban was disheveled and he was forced to leave the march.

Witnesses said a group of hard-line demonstrators tried to attack opposition leader Mir Hosein Mousavi as he joined another of the opposition marches in downtown Tehran. The reports could not independently verified because Iranian authorities have banned foreign media from covering opposition rallies. There were no further details and reports said Mousavi quickly left the streets afterward.

Customarily on Quds Day, Tehran residents gather for pro-Palestinian rallies in various parts of the city, marching through the streets and later converging for the prayers ceremony. The ceremony was established in 1979 by the leader of the Islamic Revolution and founder of present-day Iran, Ayatollah Ruhollah Khomeini.

Since midmorning, opposition supporters poured out on the streets in green T-shirts and wearing green wristbands — a color symbolizing the opposition movement — and marched with fingers raised in the V-sign for victory, chanting "Death to the Dictator."

Others shouted for the government to resign, carried small photos of Mousavi, while some women marched with their children in tow.

There were also chants of: "Neither Gaza nor Lebanon, but our life is for Iran" — a slogan defying the regime's support for Palestinian militants in Gaza and Lebanon's Hezbollah guerrilla.

Just hundreds of yards (meters) away on the main Keshavarz Boulevard, thousands of Ahmadinejad supporters marched carrying huge photographs of the president and also the country's Supreme Leader Ayatollah Ali Khamenei. Some in the government-sponsored rally chanted: "Death to those who oppose the Supreme Leader!"

At the climax of the occasion, Ahmadinejad addressed worshippers before Friday prayers at the Tehran University campus, reiterating his anti-Holocaust rhetoric that has drawn international condemnation since 2005, questioning whether the "Holocaust was a real event" and saying Israel was created on "false and mythical claims."

He also accused Israel of inciting foreign-based Iranian opposition groups to stage protest rallies against his re-election. Ahmadinejad claimed Zionists plan to stage protests during his visit next week to New York to attend the U.N. General Assembly.

"Rest assured, Iranian people will not appreciate such a move," said Ahmadinejad.

Ahmadinejad also accused world powers of double standards in favor of Israel and of disregarding violations of Palestinian rights. He repeated his old predictions that Israel would soon cease to exist and urged people to stand up against Israel's "Zionist regime as a national and moral duty."

Even though the sheer numbers of the government-sponsored marches overshadowed the opposition rallies, Friday saw the largest opposition demonstration since mid-July, when authorities cracked down heavily on the protesters.

Rumors of small-scale clashes elsewhere could not be immediately confirmed, while witnesses said another opposition leader, Mahdi Karrubi, appeared at one of the opposition marches. There have been concerns the regime would act to detain the opposition leaders if they joined anti-governmet street protests.

The semi-official Fars news agency reported that Akbar Hashemi Rafsanjani, another ex-president and supporter of Mousavi, participated in one of the opposition marches Friday.

Rafsanjani had led Friday prayers on Quds Day for the past 25 years, but was this week banned from the service and replaced with a hard-line cleric and supporter to Ahmadinejad, Ahmad Khatami.

Iran's elite Revolutionary Guard warned the opposition on Thursday against holding anti-government demonstrations, saying that if they attempted "any sort of violation and disorder" they will encounter "strong confrontation."

Khamenei, who has final say on all state matters, also warned last week against the opposition using Quds Day for other purpose than demonstrating solidarity with the Palestinians.

The pro-reform camp claims Mousavi was the rightful winner of the presidential election and that the government faked the balloting in Ahmadinejad's favor. For a month after the June balloting, thousands of opposition supporters held street demonstrations against the alleged vote fraud but were met with a heavy government crackdown.

The opposition says at least 72 protesters were killed in the violence that followed the election, while government officials maintain that only 36 died in the unrest — the worst in Iran since the 1979 Islamic Revolution that brought the current regime to power. Thousands were arrested, and the regime's opponents have charged some detainees were tortured to death in prison.

Thursday, September 17, 2009

Pres. Obama Plans To Scrap U.S. Missle Defense Sheild in Czech Republic, Poland

PRAGUE – President Barack Obama has decided to scrap plans for a U.S. missile defense shield in the Czech Republic and Poland that had deeply angered Russia, the Czech prime minister confirmed Thursday.
NATO's new chief hailed the move as "a positive step" and a Russian analyst said Obama's decision will increase the chances that Russia will cooperate more closely with the United States in the dispute over Iran's nuclear program.
Premier Jan Fischer told reporters that Obama phoned him overnight to say that "his government is pulling out of plans to build a missile defense radar on Czech territory."
"The same happened with Poland. Poland was informed in the same way about this intention," Fischer said.
He said Obama assured him that the "strategic cooperation" between the Czech Republic and the U.S. would continue, and that Washington considers the Czechs among its closest allies.
In Poland, officials declined to confirm Fischer's remarks, saying they were waiting for a formal announcement from Washington.
The plan, proposed by the Bush administration, aimed to defend the United States and its European allies against a possible missile attack from Iran or elsewhere in the Middle East. In all, 10 interceptor rockets were to have been stationed in Poland and a radar system based in the Czech Republic.
But Russia was livid over the prospect of having U.S. interceptor rockets in countries so close to its territory, and the Obama administration has sought to improve strained ties with the Kremlin.
"The U.S. president's decision is a well-thought (out) and systematic one," said Konstantin Kosachev, head of the foreign affairs committee in the State Duma, the lower house of the Russian parliament. "It reflects understanding that any security measure can't be built entirely on the basis of one nation."
"Now we can talk about restoration of (the) strategic partnership between Russia and the United States," Kosachev added.
Alexei Arbatov, head of the Russian Academy of Science's Center for International Security, told a Moscow radio station on Thursday that the U.S. was giving in on missile defense to get more cooperation from Russia on Iran.
"The United States is reckoning that by rejecting the missile-defense system or putting it off to the far future, Russia will be inclined together with the United States to take a harder line on sanctions against Iran," he said.
Czechs and Poles, along with some other Eastern Europeans, have complained of what many perceive as neglect by the Obama administration.
That, in turn, has prompted a U.S. diplomatic effort to reassure the countries that America — which helped liberate them from decades of communist-era isolation and helped bring them into NATO — still values them as friends and partners.
Fischer said after a review of the missile defense system, the U.S. now considers the threat of an attack using short- and mid-range missiles greater than one using long-range rockets.
"That's what the Americans assessed as the most serious threat," and Obama's decision was based on that, he said.
Obama took office undecided about the European system and said he would study it. His administration never sounded enthusiastic about it, and European allies have been preparing for an announcement that the White House would not complete the shield as designed.
Obama himself had hinted that the U.S. was rethinking the plan. In a major foreign policy speech in April in Prague, he said Washington would proceed with developing the system as long as Iran posed a threat to U.S. and European security.
But a top military leader, Marine Gen. James Cartwright, recently suggested that the U.S. may have underestimated how long it would take Iran to develop long-range missiles.
The Czech government had stood behind the planned radar system despite fierce opposition from the public, which staged numerous protests.
Critics feared the Czech Republic would be targeted by terrorists if it agreed to host the radar system, which was planned for the Brdy military installation 90 kilometers (55 miles) southwest of Prague, the capital.
In Washington, Defense Secretary Robert Gates scheduled a news conference Thursday with Cartwright, the point man on the technical challenge of arraying missiles and interceptors to defend against long-range missiles.
The decision to scrap the plan will have future consequences for U.S. relations with eastern Europe.
"If the administration approaches us in the future with any request, I would be strongly against it," said Jan Vidim, a lawmaker with Czech Republic's conservative Civic Democratic Party, which supported the missile defense plan.
___
Kole reported from Vienna. AP Writer Monika Scislowska in Warsaw, Anne Gearan and Desmond Butler in Washington and Jim Heintz in Moscow contributed to this story.

Thursday, September 10, 2009

Madoff Coached Potential Witness About Fooling Federal Regulators

BOSTON – Disgraced financier Bernard Madoff coached a potential witness about fooling federal regulators, saying "you don't have to be too brilliant" to get away with it, according to a newly released transcript of a 2005 telephone call.

The transcript was made public Wednesday by Massachusetts Secretary of State William Galvin, whose office reached an $8 million settlement this week with New York-based Fairfield Greenwich Advisors, a Madoff feeder fund, to fully refund state investors.
During the call, Madoff is preparing someone from Fairfield who was about to be interviewed by the Securities and Exchange Commission about the investment firm and its strategies. According to the transcript, Madoff began the call by saying, "Obviously, first of all, this call never took place."

During the call, "you basically have him coaching" the Fairfield employee, Galvin told The Associated Press late Wednesday.

"And it's an admission that basically Madoff knew it was a scam and it's really how he conned the Securities and Exchange Commission," Galvin said.

The 71-year-old Madoff was sentenced in June to 150 years in prison for masterminding a multibillion-dollar Ponzi scheme that spanned decades and defrauded thousands of investors.
During the recorded call, Madoff was asked what to say if SEC investigators asked about how shares of a trade are distributed.

"You know, you don't have to be too brilliant with these guys because you don't have to be, you're not supposed to have that knowledge and, you know, you wind up saying something which is either wrong, or, you know, it's just not something you have to do," Madoff said, according to the transcript.

At another point in the conversation, Madoff counsels: "You don't want them to think you're concerned about anything. You're best off, you just be casual."

Madoff dismissed an SEC investigation as a "fishing expedition" and highlighted how investigators develop cozy relationships with firms they are supposed to regulate.

"The guys ... ask a zillion different questions and we look at them sometimes and we laugh, and we say are you guys writing a book?" Madoff said. "These guys they work for five years at the commission then they become a compliance manager at a hedge fund now."

The SEC's failure to uncover Madoff's massive scheme has led the agency to beef up enforcement efforts as it moves to restore investor confidence.

"It is a failure that we continue to regret, and one that has led us to reform in many ways how we regulate markets and protect investors," SEC Chairman Mary Schapiro said in a statement last week.
___
On the Web: http://www.sec.state.ma.us/sct/sctfairfield/Fairfield(underscore)Exhibit(underscore)1.pdf

Wednesday, September 2, 2009

Von Brunn Appears In Court

WASHINGTON – An 89-year-old white supremacist charged with killing a security guard at the U.S. Holocaust Memorial Museum was ordered to remain in jail Wednesday after prosecutors said the frail man was still dangerous because he had "no true friends" and "nothing to lose."

A judge also ordered James von Brunn to undergo a competency evaluation despite objections from the wheelchair-bound suspect. He was otherwise nonchalant and even smiled when a prosecutor said he wanted to kill as many people as possible in the June 10 attack.

The 30-minute hearing was von Brunn's first public appearance since the shooting. The Washington federal court hearing had been delayed several times as von Brunn recovered in a hospital after being shot by other museum guards.
V
on Brunn appeared to be wearing medical bracelets. Although he had no visible wounds or bandages, the injuries make it difficult for him to hear and speak, his attorney said. He wore navy a D.C. jail uniform and looked mostly at his lap, leaning over at times to speak with his lawyer.

Von Brunn first shook his head and then called out "your honor" when the judge suggested he was going to order an evaluation. His attorney and the judge tried to advise him not to speak.
"Your constitution guarantees me a speedy and fair trial," von Brunn finally said in a halting voice.
"I'm a United States citizen, and as a U.S. naval officer I swore to protect my country. I take my vows very seriously," said von Brunn, a World War II veteran who served on a patrol boat.
In asking that von Brunn not be released, prosecutor Nicole Waid said von Brunn's actions were clear on videotape.

"This isn't a case of whodunit, your honor," Waid said.

She said that though von Brunn may appear frail, he is still a danger because he "has no true friends" and "nothing to lose."

Waid said that von Brunn arranged his finances and funeral plans before his "suicide mission" at the museum, and that he wanted to kill as many people as possible.

He shook his head when Waid recounted how he had once tried to kidnap members of the Federal Reserve board. He was caught outside a board meeting carrying a bag stuffed with weapons. He describes his attempt with apparent pride on his Web site. He was sentenced in 1983 to more than four years in prison for attempted armed kidnapping and other charges in his Fed assault. He was released in 1989.

Von Brunn was indicted in July on charges including first-degree murder for the death of museum guard Stephen T. Johns, who was black. Four of the charges carry a possible death penalty if he's convicted.

Public records show that in 2004 and 2005 he lived briefly in Hayden Lake, Idaho, which for years was home to the Aryan Nations, a racist group run by neo-Nazi Richard Butler. He had a racist, anti-Semitic Web site and wrote a book titled "Kill the Best Gentiles," alleging a Jewish conspiracy "to destroy the white gene pool." He also claimed the Holocaust was a hoax.

German court lets boy be named 'Djehad' _ holy war

BERLIN — A Berlin court has upheld rulings in favor of parents who sought to name their son Djehad, a variation on the Arabic "jihad," or holy war.
The superior court upheld two lower court rulings allowing the name on grounds that it is recognized for males in Arabic-speaking countries.
German authorities who register births had objected to the name, saying it could be harmful for the child given the associations with Islamic terrorism.
But the court said in a ruling Tuesday that the name's meaning is rooted in the requirement to spread the Muslim faith, although it has recently become linked — especially since the Sept. 11, 2001 attacks — with radical Islam.
German law restricts parents from giving their children names that could be interpreted as harmful. -->
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