Peter Lanza’s Libor Bid Rigging Connection!
Peter Lanza’s Libor Bid Rigging Connection!
Electric, a corporation that paid -$0- in Federal income taxes on $14.2
billion dollars in profits last year. Three of the employees from GE Capitol,
the unit overseen by Lanza, were sentenced to time in prison on October 18th
2012 for Libor bid-rigging scheme. The men are the
first to be sentenced as part of an ongoing investigation of bid-rigging in
auctions. It just so happens that GE Capitol, Peter Lanza’s Unit, was the one
involved in the bid-rigging schemes that used LIBOR rates to
manipulate the municipal market.
four-year prison terms
* Three were charged as part of US probe of muni market
* Appeal likely, defendants say
By Basil Katz
NEW YORK, Oct 18 (Reuters) – Three former bankers at a unit of General Electric
Co were each sentenced on Thursday to several years in prison for conspiring to
rig bids to invest municipal bond proceeds.
The men were convicted in May as part of a broad investigation by the U.S. Justice
Department of the $3.7 trillion U.S. municipal bond market. The probe has
focused on rooting out schemes to fix prices and rig bids on bond transactions,
and has ensnared some of the world’s largest banks.
GE Capital bankers of conspiring with brokers, between 1999 and 2006, to submit
artificially low bids for municipal finance contracts. They were found guilty
of conspiracy to commit wire fraud and to defraud the United States.
unit of Fairfield, Connecticut-based GE.
- Obama’s
Partner General Electric: New Drug From G.E. Healthcare A Medical
‘Nightmare’ -Omniscan - 36
Rothschild UBS Banksters Face Criminal Charges In Liborgate Robbery:
Rothschild’s Waterloo!
Judge Harold Baer in Manhattan said “corruption and greed was certainly what
this case was about.”
Defendant Steven Goldberg was handed a four-year prison term, while Peter Grimm
and Dominick Carollo were each sentenced to three years.
The sentences were significantly lower than what the government had requested.
Prosecutors had proposed up to 17-1/2 years for Goldberg, and more than a
decade for the two others.
The three defendants addressed the crowded courtroom in turn, each breaking
into tears when asking the judge for leniency.
Lawyers for the three men indicated in court on Thursday that they would likely
appeal the convictions.
Three former UBS AG executives were convicted on similar charges in
August.
A total of 19 people have been convicted or have pleaded guilty to charges
stemming from the bid-rigging investigation, the government said in August.
In July, former JPMorgan Chase & Co banker Alexander
Wright pleaded guilty to one count of conspiracy to commit wire fraud for
manipulating the bidding process for a June 2002 contract.
Wright and former UBS employee Mark Zaino testified for the government at the
trial of the former UBS executives. Zaino pleaded guilty in 2010 to bid-rigging
charges.
The case is U.S. v. Dominick Carollo et al, U.S.
District Court for the Southern District of New York, No. 10-cr-654.
Huffington
Post
- General
Electric Makes New Lear Jet In Mexico Where Unemployment is 4.9%: U.S.
Taxpayers Bailed Out G.E. For $182.5 Billion. Thanx G.E. - Review
– General Electric: The Worst Bailout in the World aka; Indebting America
To High Taxation. Contrary To The Founding Fathers. - Obama
Cuts Welfare, While His Economic Advisory Board Chairman Increases
American Poverty: Jeff Immelt, CEO Of General Electric & Owner Of NBC
Urges More Welfare Debt For America ~ While Receiving $Billions In
Taxpayer Bailout Money From Obama & Then Moves American Jobs Out To
Other Countries, While Obama Nullifies Tax Oblgations For G.E. - OBAMA’S
ACORN EXECUTIVE – ‘FOUND GUILTY of VOTER FRAUD’ – FASCIST GENERAL ELECTRIC
MSM MUM! - Obama’s
Orchestrated Blocking Of New Power Plants Triggers Nationwide Blackouts:
Mexico Stops Electricity. - Free
Enterprise Project Launches Petition Calling For General Electric CEO Jeff
Immelt To Immediately Resign
UnMask:
General Electric’s Main Stream Media – Jeff Immelt CEO Of G.E. Appointed To
Obama’s Recovery Panel NESARA- Restore America – Galactic News
2012-12-31 12:36:12
Source: http://nesaranews.blogspot.com/2012/12/peter-lanzas-libor-bid-rigging.html
Source:
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