Creep of the week
A former Jefferies & Co. managing director convicted of fraud for lying to customers about the price of mortgage-backed securities sued the AllianceBernstein Holding LP (AB) executive who reported him.
Jesse C. Litvak sued Michael Canter, head of the securitized assets group at New York-based AllianceBernstein, in New York State Supreme Court in Manhattan yesterday, accusing him of using “wrongful, unfair or improper means” to interfere with his employment, directly resulting in his termination.
Litvak was accused of defrauding investors of $2 million by misrepresenting how much sellers were asking for the securities, or what customers would pay, and keeping the difference for Jefferies…
Canter testified for the prosecution during the case, saying the spreadsheet showed that Litvak had misled him about how much Jefferies had paid for bonds, including one instance when Canter agreed to raise a bid, yet the firm still paid the original price.
Litvak was found guilty in March of securities fraud and making false statements, as well as fraud connected to the Troubled Asset Relief Program. Along with his prison sentence, he was ordered to pay a $1.75 million fine.
Throw away the key!
This sleazy bastard and the lawyers representing him are perfect examples of how low legal processes have sunk in the United States. From kissing butt for every fundamentalist nutball who doesn’t want to pay taxes – to the open buying and selling of Congress and lesser members of the mutant species we have for elected officials – corruption is justified by every crook in the country.
They act as if the only birthright in the country that doesn’t need validation is that the powerful have every right to steal.
The judge should call him back for re-sentencing – and double the time, triple the fine!
The tomatoes, peppers and cucumbers arrive year-round by the ton, with peel-off stickers proclaiming “Product of Mexico.”
Farm exports to the U.S. from Mexico have tripled to $7.6 billion in the last decade, enriching agribusinesses, distributors and retailers.
American consumers get all the salsa, squash and melons they can eat at affordable prices. And top U.S. brands — Wal-Mart, Whole Foods, Subway and Safeway, among many others — profit from produce they have come to depend on.
These corporations say their Mexican suppliers have committed to decent treatment and living conditions for workers.
But a Los Angeles Times investigation found that for thousands of farm laborers south of the border, the export boom is a story of exploitation and extreme hardship.
Many farm laborers are essentially trapped for months at a time in rat-infested camps, often without beds and sometimes without functioning toilets or a reliable water supply.
Some camp bosses illegally withhold wages to prevent workers from leaving during peak harvest periods.
Laborers often go deep in debt paying inflated prices for necessities at company stores. Some are reduced to scavenging for food when their credit is cut off. It’s common for laborers to head home penniless at the end of a harvest.
Those who seek to escape their debts and miserable living conditions have to contend with guards, barbed-wire fences and sometimes threats of violence from camp supervisors.
Major U.S. companies have done little to enforce social responsibility guidelines that call for basic worker protections such as clean housing and fair pay practices.
The farm laborers are mostly indigenous people from Mexico’s poorest regions. Bused hundreds of miles to vast agricultural complexes, they work six days a week for the equivalent of $8 to $12 a day.
The squalid camps where they live, sometimes sleeping on scraps of cardboard on concrete floors, are operated by the same agribusinesses that employ advanced growing techniques and sanitary measures in their fields and greenhouses.
One of ~100,000 Mexican children under 14 who pick crops…He is 9 years old.
The comparison with Edward R Murrow’s “Harvest of Shame” about migrant labor on US farms in 1960 is appropriate. Some of the poor buggers in that documentary probably were the fathers and mothers, grandfathers and grandmothers of folks revealed in this series of articles.
This is the kind of long-form journalism still popular outside the United States. Sometimes, I feel our Establishment deliberately encourages Americans to develop the attention span of a cricket. It would be an injustice for me to use my usual editor’s X-Acto knife on the wealth of information inside these articles. Richard Marosi and Don Bartletti are to be congratulated much for their work undercover – and cold-call walk-ins. I hope the journalism craft recognizes their work appropriately.
Please, please, RTFA. There’s a link above to this the first in the series.
Here are the links to:
Part 2: A raid exposes brutal conditions at Bioparques, one of Mexico’s biggest tomato exporters, which was a Wal-Mart supplier. But the effort to hold the grower accountable is looking more like a tale of impunity.
Part 3: The company store is supposed to be a lifeline for migrant farm laborers. But inflated prices drive people deep into debt. Many go home penniless, obliged to work off their debts at the next harvest.
Part 4: About 100,000 children under 14 pick crops for pay at small- and mid-size farms across Mexico, where child labor is illegal. Some of the produce they harvest reaches American consumers, helping to power an export boom.
Kudos for finding us one of the best pieces of American journalism in quite a while
If there is anything I truly hate it is war.
I’ve experienced some small participation in wars. I have had dear friends more directly affected over longer periods. Now gone. One who survived the Warsaw Ghetto uprising – made it through the sewers of Warsaw, through the countryside eventually to the Soviet Union. After healing physically, she went back to Poland to fight in the underground against the Germans.
I asked her once why she kept her Polish name from the Underground instead of returning to her Jewish family name. She told me that all of that life died with her husband and her daughters in a German death camp. Who she became after that was a different person.
My closest friend most of my life was the most decorated soldier in WW2 from our home state in New England. He was awarded every medal except the Congressional Medal of Honor and he was nominated for that. Surviving injuries at the Battle of the Bulge he was severely wounded at the liberation of the Buchenwald Death Camp – and had sixteen months in a veterans’ hospital to reflect upon how he got there.
They’re both gone, now. Someone like me has to remember.
It doesn’t matter where or when my thoughts are stirred to recall. I’ve written about Nanjing before; but, tonight I happened to switch over to CCTV America just as the ceremonies at the Memorial Site in Nanjing were wrapping up.
I sat and watched the last half-hour of the live telecast. I cried some for 300,000 civilians slaughtered by Japanese soldiers over a few weeks starting on December 13, 1937. I won’t forget Nanjing. China won’t forget Nanjing.
Photo courtesy of the Garner family
In the wake of Eric Garner’s death, the head of the NYC Patrolmen’s Benevolent Association, a police interest group, blamed Garner: “You cannot resist arrest, that’s a crime.” But it’s not a crime that most police officers often file reports about.
The New York Police Department is made up of 35,000 officers, and just a minority of them have sent people into court for “resisting arrest.”
But the ones who do, according to a new report from WNYC, charge a lot of people — and that can be a “red flag” for other issues.
WNYC looked at over 51,000 cases where someone was charged with “resisting arrest” since 2009. They found that 40 percent of those cases — over 20,000 — were committed by just 5 percent of all the police officers on the force. And 15 percent of officers accounted for a majority of all “resisting arrest” charges…
And that stinks on ice!
“There’s a widespread pattern in American policing where resisting arrest charges are used to sort of cover – and that phrase is used – the officer’s use of force,” said Sam Walker, the accountability expert from the University of Nebraska. “Why did the officer use force? Well, the person was resisting arrest.”
That pattern held up in the case of Donald Sadowy, a Brooklyn police officer who’s the subject of the WNYC article. Sadowy has more than 20 resisting arrest cases since 2009 — putting him in the 98th percentile, or higher, among all police. Meanwhile, over the last two years, Sadowy’s been sued 10 times for excessive force.
I know some honest cops. I have had friends over the years who were honest cops. I’ve had family members who were honest cops – in New York City as a matter of fact.
When the topic of professional policing comes up I also always recall a young guy I worked with in a metropolitan hospital who left to join the local police department. Since he had a skilled and licensed trade, I asked him why he was making the switch. After all, it would take him several years to get back up to what he was earning at the hospital.
His answer was simple. “I get drugs for free for the rest of my life.” You can substitute whatever you wish to change out from “drugs”. Hookers, a regular tax-free income on the side for being on the take. Or maybe you just enjoy being a sociopath with power.
The U.N. Committee against Torture urged the United States…to fully investigate and prosecute police brutality and shootings of unarmed black youth and ensure that taser weapons are used sparingly.
The panel’s first review of the U.S. record on preventing torture since 2006 followed racially-tinged unrest in cities across the country this week sparked by a Ferguson, Missouri grand jury’s decision not to charge a white police officer for the fatal shooting of an unarmed black teenager.
The committee decried “excruciating pain and prolonged suffering” for prisoners during “botched executions” as well as frequent rapes of inmates, shackling of pregnant women in some prisons and extensive use of solitary confinement.
Its findings cited deep concern about “numerous reports” of police brutality and excessive use of force against people from minority groups, immigrants, homosexuals and racial profiling.
The panel referred to the “frequent and recurrent police shootings or fatal pursuits of unarmed black individuals.”
“We recommend that all instances of police brutality and excessive use of force by law enforcement officers are investigated promptly, effectively and impartially by an independent mechanism,” said panel member Alessio Bruni…
“We have certain concerns about whether investigations are thoroughly completed and whether punishment of law enforcement (officers) when they have crossed the line are effectively put in place,” committee member Jens Modvig told reporters.
Activists welcomed the findings and called for reforms.
“This report – along with the voices of Americans protesting around the country this week – is a wake-up call for police who think they can act with impunity,” said Jamil Dakwar of the American Civil Liberties Union (ACLU), who attended the review.
Of course, we could elect a solid Republican federal administration in 2016 to match the Koch Bros/Heritage Foundation anschluss of state legislatures. Then, police brutality would take place with an absolute guarantee of impunity.
The Confederacy could be recognized as a federalist partner of our government and the US National Guard would give partner status to Oathers and other crypto-fascist militias. Woo-hoo!
Thanks, Daily Kos
I know – it ain’t funny.