 “In financial crisis, no prosecutions of top figures”… Because of widespread corruptionBecause of widespread corruption of the justice system, bankers are effectively immune… Widespread corruption of the US justice system is key factor in the financial crisis, often overlooked.
By: Human Rights Alert, NGO ___ Los Angeles, April 21 – in a recent column, the New York Times Pulitzer-prize winner Gretchen Morgenson questioned the failure of the US to prosecute any of the top figures in the ongoing financial crisis. [[1]] In response, Joseph Zernik, PhD, of Human Rights Alert (NGO), offered Morgenson an explanation, which they had discussed already in early 2008: There is no way to criminally prosecute banking executives in the courts - effectively, due to widespread corruption of the courts, banking executives are vested in immunity. The evidence of corrupt practices in the state and US courts in cases involving Countrywide and later Bank of America is extensive: * In January 2008 - Countrywide collapsed, following the publication of a report by Morgenson in the New York Times regarding the filing of "Recreated Letters" as evidence by Countrywide attorneys in the US Bankruptcy Court in Pennsylvania. [[ii]] * In March 2008 - The Honorable Jeff Bohm’s Memorandum Opinion in the US Bankruptcy Court in Texas, detailed a year-long study of the litigation practices of Countrywide in courts across the United States and documented various litigation fraud methods employed by the bank and its attorneys, summarized as "disregard for the professional and ethical obligations of the legal profession and judicial system". (p8) [[iii]] * The 2009-10 litigation of SEC v Bank of America in the US District Court in New York, which was widely reported as enforcement of banking regulation, was later opined as Fraud on the Court. [[iv]] * In May 2010 - Evidence of racketeering in the courts by Countrywide and BofA, including direct involvement by Sandor Samuels (then Countrywide’ * In April 2011 - Bank of America was caught again engaging in the same practices in the Los Angeles Superior Court. [[vi]] Regardless, Countrywide, Bank of America, their executives, and their outside counsel never suffered any consequences. In most of these cases state and US judges colluded with the banks: * US Judge Virginia Phillips and US Magistrate Carla Woehrle in the US District Court, Central District of California; US Judge Jed Rakoff in the US District Court, Southern District of New York; * A long list of California Judges including, but not limited to Jacqueline Connor, John Segal, Alan Goodman, Terry Friedman, Gerald Rosenberg, Charles McCoy, Stephen Czuleger, and Peter Meeka in the Los Angeles Superior Court, and the justices of the California Court of Appeals, 2nd District. Refusal of FBI and US Department of Justice to enforce the law on Countrywide and Bank of America due to widespread corruption of judges was documented in opinion and a letter by a highly decorated FBI veteran. [[vii]] Corruption of the courts was related in all these cases to falsification of court records, facilitated by fraudulent computerized record keeping systems in the state (eCourt and Sustain) and US courts (PACER and CM/ECF), and collusion by the clerks of the courts. Dr Zernik’s opinion regarding fraud in computers of the state and US courts were supported by international experts. [[viii]] More recently, he requested Harvard Law Professor Prof Yochai Benkler, an expert on computers and the law, to review the evidence. [[ix]] “Countrywide and Bank of America executives are linked through such cases to a wide network of corrupt law-firms, and corrupt state and US judges,” says Dr Zernik, “The widespread corruption of the US justice system is a key factor in the financial crisis, which is often overlooked”. [[x]] Corruption of the US justice system as a central factor in the financial crisis is the subject of his presentations in the upcoming World Criminology Congress, papers, previously published in an international, peer-reviewed computer science journal, and a report, adopted by the United Nations Human Rights Council. [[xi]] “Like the Great Depression a century ago, the current financial crisis is a system-wide integrity crisis.” Accordingly, he concludes that unless integrity of the US justice system is addressed, socio-economic and civil society conditions in the United States are unlikely to improve. ____ LINK [1] 11-04-14: Morgenson - In Financial Crisis, No Prosecutions of Top Figures - NYTimes http://www.scribd.com/ [ii] 08-01-08 Case of Borrower Hills (01-22574) in the US Bankruptcy Court, Eastern District of Pennsylvania: http://www.scribd.com/ [iii] 08-03-05Case of Borrower William Parsley(05-90374) http://www.scribd.com/ [iv] 1) 10-12-08 Securities and Exchange Commission v Bank of America Corporation (1:09-cv-06829) http://www.scribd.com/ 2) 10-12-19 Securities and Exchange Commission v Bank of America Corporation (1:09-cv-06829) http://www.scribd.com/ 3) 11-02-05 Lindner v Amex (1:10-cv-02228) http://www.scribd.com/ [v] 1) 10-05-05 Countrywide Bank of America NYSE BAC and its President Brian Moynihan Compilation of Records Evidence of Racketeering http://www.scribd.com/ 2) 10-05-05 Chairs of US Congress Committees of the Judiciary and Banking Are Requested to Join Senator Feinstein's Inquiries on Comptroller of the Currency http://www.scribd.com/ [vi] 1) 11-04-17 PRESS RELEASE: Lomas v Bank of America (KC059379) – Fraud turns into Extortion in the Los Angeles Superior Court http://www.scribd.com/ 2) 11-04-15 Press Release: Lomas v Bank of America (KC059379) - Lomas files for disqualification of Judge Meeka, calls “quits” to charades in the Los Angeles Superior Court http://www.scribd.com/ 3) 11-04-13 Press Release: Lomas v BofA - BofA, Brian Moynihan Are Asked to Name Their Attorney of Record in the Los Angeles Superior Court http://www.scribd.com/ [vii] 1) 07-12-17 Samaan v Zernik (SC087400) David Pasternak: Grant Deeds in re: 320 South Peck Drive, Beverly Hills, CA 90212, opined as fraud by James Wedick http://www.scribd.com/ 2) 08-08-21 Samaan v Zernik (SC087400) Email letter by highly decorated FBI veteran James Wedick regarding FBI’s refusal to provide Dr Zernik equal protection http://www.scribd.com/ [viii] 1) 09-04-20 Prof Eliyahu Shamir's Opinion Letter re: Sustain - the Case Management System of the Superior Court of California, County of Los Angeles http://www.scribd.com/ 2) Zernik, J: Data Mining of Online Judicial Records of the Networked US Federal Courts, International Journal on Social Media: Monitoring, Measurement, Mining, 1:69-83 (2010) http://www.scribd.com/ [ix] 11-04-14 PRESS RELEASE: Harvard Law Professor Yochai Benkler has been asked to review the evidence of large-scale computer fraud in the US courts http://www.scribd.com/ [x] 11-04-12 PRESS RELEASE: Bribing of State and US Judges by Bank of America Must be a Serious Concern! http://www.scribd.com/ Joseph Zernik, PhD Human Rights Alert (NGO) # # # Human Rights Alert, a Los Angeles County, California, NGO, is committed to monitoring Human Rights violations by the US government, and reporting such violations, including, but not limited to the 2010 Universal Periodic Review of the US by the UN. 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