Coming Soon Lot's More "In Bed Withs" and Information on the Detail of the TerreStar Corporation Bankruptcy.
Got a Tip ?
Crystal L. Cox
Investigative Blogger
Crystal@CrystalCox.com
More on The TerreStar Bankruptcy Click Below
Showing posts with label Harbinger Capital Partners. Show all posts
Showing posts with label Harbinger Capital Partners. Show all posts
Thursday, March 3, 2011
Friday, January 7, 2011
Harbinger Capital Partners Invests in Coda Holdings Soon to Produce the Coda Sedan, an All Electric Vehicle.
"Southern California electric car and battery maker Coda Holdings has raised $76 million of new investments in preparation for the production of its all-electric flagship vehicle.
http://www.sfexaminer.com/news/2011/01/calif-company-raises-76m-toward-new-electric-car#ixzz1AJdEiWlw
The Santa Monica-based company said Wednesday that the new funds bring its total invested capital to more than $200 million as it looks to begin production of the four-door, five-passenger Coda Sedan and to develop its Lithium-Ion battery systems.
New investors in the company include Harbinger Capital Partners, and current investors who contributed include company founder and co-chairman Miles Rubin.
The company had planned to start selling the sedan in 2010 but has delayed the beginning of production until the second half of this year. "
Source of Harbinger Capital Partners - Coda Holdings - Miles Rubin Post.http://www.sfexaminer.com/news/2011/01/calif-company-raises-76m-toward-new-electric-car#ixzz1AJdEiWlw
Harbinger Capital Partners invests in Coda Automotive, Soon to Release and ALL Electric Sedan
"Coda Raises $76 Million More in EV Effort
Coda Automotive, which wants to bring a Chinese-U.S. electric car out, has raised $76 million in a fourth round of funding.
It is good news for the company, which has recently struggled. In October, former CEO Kevin Czinger resigned and was replaced by interim Steve Heller.
The company then delayed the release of its car from late 2010 to the third quarter of 2011. Heller is not the "scale-up" CEO to bring manufacturing expertise to the company. Like Czinger, he's a Goldman Sachs alum.
The delay hurts, but isn't fatal. General Motors and Nissan will only have put out limited numbers of Volts and Leafs by the third quarter of 2011.
A bigger problem lay in low prices. Coda's car will cost $45,000 before rebates and incentives. The Leaf costs $32,000 and the Mitsubishi i, an all-electric from that company, will sell for $30,000 when it arrives in the Fall of 2011.
Both Nissan and Mitsubishi are well-known names already. Coda will have to build a brand for itself. Early demand, however, continues to outstrip supply for electric cars in total so Coda at a minimum will likely enjoy a rabidly curious public.
Czinger told us last fall that Coda was trying to raise a $60 to $125 million in this round. $76 million is clearly in the lower half here, but they still raised the money, so hats off to them.
Then again, the new investors are Harbinger Capital Partners and Riverstone Holdings and Harbinger Capital Partners is said to live up to what its name implies.
Coda's car is based around a gas-burning car on China's streets now that has been retrofitted extensively to run on batteries and meet U.S. safety and consumer standards. U.S. engineers have overseen the retrofit process and the original design of the car comes from Japan.
The car will be manufactured in China, but some final assembly could occur in the states. Is it a Chinese car or not? Czinger and I couldn't agree, and neither could two well-known car reviewers. You decide.
The batteries from the car come from Lio Energy Systems, a joint venture between Coda and Lishen. The picture, taken at the L.A. Auto Show, shows the battery. Lishen's largest shareholder is the China National Offshore Oil Co–you know, the guys that won the Iraq War. Lio, which has received extensive credit from Chinese banks, is currently seeking a DOE loan to build a factory in Ohio. If they can get that loan, it will be an incredible intermingling of national energy plans. And former Treasury Secretary Hank Paulson is an investor.
Tom Friedman will be wrinkling his brow for weeks. "
Source of Harbinger Capital Partners Post
http://sourcesenergy.net/coda-raises-76-million-more-in-ev-effort
Coda Automotive, which wants to bring a Chinese-U.S. electric car out, has raised $76 million in a fourth round of funding.
It is good news for the company, which has recently struggled. In October, former CEO Kevin Czinger resigned and was replaced by interim Steve Heller.
The company then delayed the release of its car from late 2010 to the third quarter of 2011. Heller is not the "scale-up" CEO to bring manufacturing expertise to the company. Like Czinger, he's a Goldman Sachs alum.
The delay hurts, but isn't fatal. General Motors and Nissan will only have put out limited numbers of Volts and Leafs by the third quarter of 2011.
A bigger problem lay in low prices. Coda's car will cost $45,000 before rebates and incentives. The Leaf costs $32,000 and the Mitsubishi i, an all-electric from that company, will sell for $30,000 when it arrives in the Fall of 2011.
Both Nissan and Mitsubishi are well-known names already. Coda will have to build a brand for itself. Early demand, however, continues to outstrip supply for electric cars in total so Coda at a minimum will likely enjoy a rabidly curious public.
Czinger told us last fall that Coda was trying to raise a $60 to $125 million in this round. $76 million is clearly in the lower half here, but they still raised the money, so hats off to them.
Then again, the new investors are Harbinger Capital Partners and Riverstone Holdings and Harbinger Capital Partners is said to live up to what its name implies.
Coda's car is based around a gas-burning car on China's streets now that has been retrofitted extensively to run on batteries and meet U.S. safety and consumer standards. U.S. engineers have overseen the retrofit process and the original design of the car comes from Japan.
The car will be manufactured in China, but some final assembly could occur in the states. Is it a Chinese car or not? Czinger and I couldn't agree, and neither could two well-known car reviewers. You decide.
The batteries from the car come from Lio Energy Systems, a joint venture between Coda and Lishen. The picture, taken at the L.A. Auto Show, shows the battery. Lishen's largest shareholder is the China National Offshore Oil Co–you know, the guys that won the Iraq War. Lio, which has received extensive credit from Chinese banks, is currently seeking a DOE loan to build a factory in Ohio. If they can get that loan, it will be an incredible intermingling of national energy plans. And former Treasury Secretary Hank Paulson is an investor.
Tom Friedman will be wrinkling his brow for weeks. "
Source of Harbinger Capital Partners Post
http://sourcesenergy.net/coda-raises-76-million-more-in-ev-effort
Monday, December 20, 2010
Fred Salerno is former Vice Chairman and CFO of Verizon
"Mr. Stroz and Mr. Friedberg will continue as Co-Presidents and will be joined on Stroz Friedberg’s Board of Directors by Fred Salerno, Raj Gupta, Myron Trepper, and Alok Singh, who will serve as Lead Director. Robert Niehaus and Dhiren Shah will continue serving on the Board representing Greenhill Partners. Fred Salerno is former Vice Chairman and CFO of Verizon and current Director of Akamai Technologies, Inc., CBS Corp., Intercontinental Exchange, Inc., Banco Popular, Inc., Viacom, Inc., and National Fuel Gas Co. Raj Gupta is former Chairman and CEO of Rohm and Haas and current Director of Tyco, The Vanguard Group, Delphi Automotive and HewlettPackard Company.
Myron Trepper formerly served as Co-Chairman of Willkie Farr & Gallagher LLP and now serves as Senior Counsel to the law firm.
Myron Trepper formerly served as Co-Chairman of Willkie Farr & Gallagher LLP and now serves as Senior Counsel to the law firm.
“For 10 years, Eric Friedberg and I have kept our firm focused on helping companies and law firms with exceptional expertise in digital evidence, investigations, and computer breach incident response,” says Mr. Stroz, “and we see the need for these services, including Foreign Corrupt Practices Act and forensic accounting investigations, substantially increasing.”
Source of Above Quote
http://www.newmountaincapital.com/downloads/Exhibit_A_Stroz_Friedberg_9-30-10.pdf
http://www.newmountaincapital.com/downloads/Exhibit_A_Stroz_Friedberg_9-30-10.pdf
Fred Salerno Links to Research Fred Salerno
Viacom Connections and Verizon Connections and Researching my Sites on Lightsquared? Hmmmm
http://en.wikipedia.org/wiki/Frederic_Salerno
http://en.wikipedia.org/wiki/Frederic_Salerno
Something Fishy about all of these Fred Salerno..
Email me your Fred Salerno Tip..
Crystal@CrystalCox.com
Thursday, December 9, 2010
Why did Goldman Sachs Really PULL their Money From Lightsquared and who is Kathleen Murphy of Harbinger Capital Partners?
Kathleen K. Murphy is Senior Vice President & Product Specialist at Harbinger Capital Partners.
Kathleen K. Murphy joined Harbinger Capital Partners in April 2005 as Portfolio Strategist.
Previously, Kathleen K. Murphy was a Vice President at Goldman Sachs where she served as the High Yield Strategist. So doesn't this make Kathleen Murphy right in the thick of it for bankruptcies, money schemes and investor fraud that was going on at goldman sachs ?
More on Goldman Sachs Corruption - http://www.goldmansachs666.com/
And doesn't this make Kathleen K. Murphy in a prime position for knowledge of the "Sub Prime Mortgage Industry" and related billions.
So what role did Kathleen K. Murphy really play at Goldman Sachs during all this Big Money, screw over investors - Home Owners and well.. what role did Kathleen K. Murphyformerly of Goldman Sachs have in the Secondary Mortgage Market - the Subprime Mortgages Market?
Who did Philip Falcone work with to invest the RIGHT Way in the Subprime Mortgages Market? The mortgage industry was targeting real estate victims in mass and lying hand over fist, folks like Goldman Sachs knew this and kept taking money. The Lenders and SubprimeMortgages Market big wigs planned their exit, and of course their bailout... however homeowners - real estate victims still pay the price of this deliberate Mass Predatory Lending Fraud.
As a Real Estate Broker owner for over a decade I had a front row seat as NAR was lying to consumers and money was easy... Appraisals were Not Accurate, MLS Data was not polices and surely a VP at Goldman Sachs would see it all coming... did Kathleen K. Murphy know PhilipFalcone when this Goldman Sachs VP ? How did she get the Job She has now? Which is VP at Harbinger and Woman in Charge of Sassing Bloggers who trash talk Corrupt Attorneys LikeCurtis Lu of Lightsquared.
And How Did Philip Falcone come to Hire Kathleen Murphy?
"Philip Falcone, the hedge fund manager who made a fortune betting against subprimemortgages in 2007"
http://www.businessweek.com/magazine/content/10_49/b4206051251677.htm
Kathleen K. Murphy started working at Harbinger Capital Partners in 2005 and I Say she brought secret industry knowledge of the Subprime Mortgages Market from her prior jobs at Goldman Sachs and Credit Suisse.
I have started writings on how smart Philip Falcone was to bet against the Mortgage industry. As a real estate industry whistleblower I certainly would have done the same had I that kind of money to invest. Thing is did Philip Falcone think of this on his own? Or did Kathleen Murphyformerly of Goldman Sachs and a Former Associate at Credit Suisse give some inside information to Harbinger Capital Partners? I mean Harbinger Capital Partners must have to keep Kathleen K. Murphy as VP for some reason.. maybe she knows too much.
I spoke with Philip Falcone on thinking that Goldman Sachs was in bed with Verizon and that was why Goldman Sachs pulled their money from Lightsquared and in such a media blitz way, for I felt it was to suppress Lightsquared and keep them from Topping Verizon. But maybePhilip Falcone wants Verizon, Goldman Sachs or maybe even AT&T to buy Lightsquared and maybe he has no intention of seeing it fully Develop. Maybe the Goldman Sachs thing is a ruse behind a ruse.
Maybe Goldman Sachs want investors to believe they pulled 120 Million from Harbinger but really there is more then meets the eye?
It seems to me now after the last month that Philip Falcone may be a bit naive as to the Extreme Corruption and Greed in the playing field he is in. So he is either a very good game player, or really is clueless on what these companies are capable of Politically and Financially in the big picture. And if Naive then how did Philip Falcone and Harbinger Capital Partners come to invest in a Market that no one else was backing and Harbinger Capital Partners happen to have an Ex VP of Goldman Sachs who would know about the collapse ... for it was kind of REALLY known by the Big Boys and they covered their asses good while homeowner are still losing. Well I Say that Kathleen K. Murphy's connection to Goldman Sach and Credit Suisse is what put the Bug inPhilip Falcones Ear for Making Billions on Top of Billions in a Market that seemingly no "Portfolio Strategist" or "INVESTMENT ANALYST" was investing in.
More Coming Soon on Harbinger Capital Partners as they sit on my blog all day and google"Crystal Cox Harbinger" to see what I will say next, meanwhile knowing they had Secretly Controlled my flow of information with lack of follow through on stated words, details of that coming soon. With emails, Voice Mails, Lack of Follow Through and Empty Promises that I now believe to be something to stall me for some reason.. that story coming soon.. to This Blog..
So Prior to joining Goldman Sachs, Kathleen K. Murphy was an Associate at Credit SuisseFirst Boston (CSFB) in the high yield research group, where she performed high yield portfolio analysis, oversaw the CSFB high yield indices and evaluated cable and media issuers.
So Kathleen K. Murphy had inside information in this market from many angles before she took her VP job at Harbinger Capital Partners in April 2005 as Portfolio Strategist. Don't think for a minute that Kathleen K. Murphy did not bring proprietary information to the table at her new job ... as Portfolio Strategist for Harbinger Capital Partners. How could she resist? I bet there is a money trail and secrets trail very long in the career of Kathleen K. Murphy.
What Does "evaluated cable and media issuers" Exactly mean?
I can assume that Kathleen K. Murphy was not really a "handler" or a "negotiator" of people because she sure does suck at people skills or getting media attention for Harbinger Capital Partners, and LightSquared in a Positive way.
On Nov. 7th - Kathleen K. Murphy emailed me this subject line and nothing else
"Are you kidding me? Get a life... :) blogger?
Thats impressive and value added."
a few Minutes late she sends an Email from Kathleen K. Murphy titled "Top 25 Most Powerful People in U.S. Wireless 2010/From Fierce Wireless" and with this was a Whole bunch of easily found stories on Philip Falcone and how great he was / is. The email also had a Google Alert for Harbinger, as If I never would have thought of that. and the emails was from
Kathleen Murphy
Harbinger Capital Partners LLC
Yet it Came from Philip Falcone's Email ( I have the Original should anyone care)
Kathleen K. Murphy, I am told " is no part of PR at Harbinger" and I should not speak to her about such things, however Kathleen Murphy using Philip Falcones email account emailed me a Snotty Gram and then a Huge Email on Postive PR On Philip Falcone. What Happened Next Coming Soon..
As I am unsure if Philip Falcone new that Kathleen Murphy Senior Vice President Harbinger Capital Partners had emailed me a Snotty Message.
From the Bio of Kathleen K. Murphy it sounds like Katy Murphy has been in the "High Finance" industry for quite some time. You would think she would, at this point in her career have a better way of dealing with "media" then to simply send a Snotty Subject Line to a Blogger and think that will do anything but inspire that Blog to Get the Real Down and Dirty Scoop on Her.
Maybe Kathleen K. Murphy of Harbinger Capitals should have used her Big Girl Words and told me what she really wanted or really had in mind instead of just jibberish and links to what others had to say is if I was desperate for someone as smart as her to GOOGLE "Philip Falcone" for me and send me links...so I would be sure to find them.
Surely I am not as Worthy and Smart as Kathleen K. Murphy, Harbinger Capital Partners"Portfolio Strategist" turned Harbinger Capital Partners Senior Vice President & Product Specialist with "Special Projects" having nothing to do with "PR"....
I say "Katy" has Secrets. I say that Kathleen K. Murphy has skeletons in her closet that spans decades and I intend to find Every single one of them. .. the Truth often in the Tiniest of Details.
I would be so Boldly as to say that Kathleen Murphy of Harbinger Capital Partners is a Cold Hearted Bitch... try that one on for size.. Or how about an Arrogant, Look Down Upon, Pompous, ... well I will have to come up with more tomm. but you get the point.. She sent a nasty subject line only email and then a condescending email and no words that actually made sense and yet she is a VP of a Multi-Billion Dollar Company... certainly she is only there for favors owed to her or secrets that she knows because she sure did mess this up.. Stepping in Blogger Scat .. that she surely did accomplish..
If you have a Tip on Kathleen K. Murphy at Goldman Sachs,
Harbinger Capital Partners, or Credit Suisse email your
Kathleen Murphy Tip to Me
Crystal L. Cox
Kathleen K. Murphy joined Harbinger Capital Partners in April 2005 as Portfolio Strategist.
Previously, Kathleen K. Murphy was a Vice President at Goldman Sachs where she served as the High Yield Strategist. So doesn't this make Kathleen Murphy right in the thick of it for bankruptcies, money schemes and investor fraud that was going on at goldman sachs ?
More on Goldman Sachs Corruption - http://www.goldmansachs666.com/
And doesn't this make Kathleen K. Murphy in a prime position for knowledge of the "Sub Prime Mortgage Industry" and related billions.
So what role did Kathleen K. Murphy really play at Goldman Sachs during all this Big Money, screw over investors - Home Owners and well.. what role did Kathleen K. Murphyformerly of Goldman Sachs have in the Secondary Mortgage Market - the Subprime Mortgages Market?
Who did Philip Falcone work with to invest the RIGHT Way in the Subprime Mortgages Market? The mortgage industry was targeting real estate victims in mass and lying hand over fist, folks like Goldman Sachs knew this and kept taking money. The Lenders and SubprimeMortgages Market big wigs planned their exit, and of course their bailout... however homeowners - real estate victims still pay the price of this deliberate Mass Predatory Lending Fraud.
As a Real Estate Broker owner for over a decade I had a front row seat as NAR was lying to consumers and money was easy... Appraisals were Not Accurate, MLS Data was not polices and surely a VP at Goldman Sachs would see it all coming... did Kathleen K. Murphy know PhilipFalcone when this Goldman Sachs VP ? How did she get the Job She has now? Which is VP at Harbinger and Woman in Charge of Sassing Bloggers who trash talk Corrupt Attorneys LikeCurtis Lu of Lightsquared.
And How Did Philip Falcone come to Hire Kathleen Murphy?
"Philip Falcone, the hedge fund manager who made a fortune betting against subprimemortgages in 2007"
http://www.businessweek.com/magazine/content/10_49/b4206051251677.htm
Kathleen K. Murphy started working at Harbinger Capital Partners in 2005 and I Say she brought secret industry knowledge of the Subprime Mortgages Market from her prior jobs at Goldman Sachs and Credit Suisse.
I have started writings on how smart Philip Falcone was to bet against the Mortgage industry. As a real estate industry whistleblower I certainly would have done the same had I that kind of money to invest. Thing is did Philip Falcone think of this on his own? Or did Kathleen Murphyformerly of Goldman Sachs and a Former Associate at Credit Suisse give some inside information to Harbinger Capital Partners? I mean Harbinger Capital Partners must have to keep Kathleen K. Murphy as VP for some reason.. maybe she knows too much.
I spoke with Philip Falcone on thinking that Goldman Sachs was in bed with Verizon and that was why Goldman Sachs pulled their money from Lightsquared and in such a media blitz way, for I felt it was to suppress Lightsquared and keep them from Topping Verizon. But maybePhilip Falcone wants Verizon, Goldman Sachs or maybe even AT&T to buy Lightsquared and maybe he has no intention of seeing it fully Develop. Maybe the Goldman Sachs thing is a ruse behind a ruse.
Maybe Goldman Sachs want investors to believe they pulled 120 Million from Harbinger but really there is more then meets the eye?
It seems to me now after the last month that Philip Falcone may be a bit naive as to the Extreme Corruption and Greed in the playing field he is in. So he is either a very good game player, or really is clueless on what these companies are capable of Politically and Financially in the big picture. And if Naive then how did Philip Falcone and Harbinger Capital Partners come to invest in a Market that no one else was backing and Harbinger Capital Partners happen to have an Ex VP of Goldman Sachs who would know about the collapse ... for it was kind of REALLY known by the Big Boys and they covered their asses good while homeowner are still losing. Well I Say that Kathleen K. Murphy's connection to Goldman Sach and Credit Suisse is what put the Bug inPhilip Falcones Ear for Making Billions on Top of Billions in a Market that seemingly no "Portfolio Strategist" or "INVESTMENT ANALYST" was investing in.
More Coming Soon on Harbinger Capital Partners as they sit on my blog all day and google"Crystal Cox Harbinger" to see what I will say next, meanwhile knowing they had Secretly Controlled my flow of information with lack of follow through on stated words, details of that coming soon. With emails, Voice Mails, Lack of Follow Through and Empty Promises that I now believe to be something to stall me for some reason.. that story coming soon.. to This Blog..
So Prior to joining Goldman Sachs, Kathleen K. Murphy was an Associate at Credit SuisseFirst Boston (CSFB) in the high yield research group, where she performed high yield portfolio analysis, oversaw the CSFB high yield indices and evaluated cable and media issuers.
So Kathleen K. Murphy had inside information in this market from many angles before she took her VP job at Harbinger Capital Partners in April 2005 as Portfolio Strategist. Don't think for a minute that Kathleen K. Murphy did not bring proprietary information to the table at her new job ... as Portfolio Strategist for Harbinger Capital Partners. How could she resist? I bet there is a money trail and secrets trail very long in the career of Kathleen K. Murphy.
What Does "evaluated cable and media issuers" Exactly mean?
I can assume that Kathleen K. Murphy was not really a "handler" or a "negotiator" of people because she sure does suck at people skills or getting media attention for Harbinger Capital Partners, and LightSquared in a Positive way.
On Nov. 7th - Kathleen K. Murphy emailed me this subject line and nothing else
"Are you kidding me? Get a life... :) blogger?
Thats impressive and value added."
a few Minutes late she sends an Email from Kathleen K. Murphy titled "Top 25 Most Powerful People in U.S. Wireless 2010/From Fierce Wireless" and with this was a Whole bunch of easily found stories on Philip Falcone and how great he was / is. The email also had a Google Alert for Harbinger, as If I never would have thought of that. and the emails was from
Kathleen Murphy
Harbinger Capital Partners LLC
Yet it Came from Philip Falcone's Email ( I have the Original should anyone care)
Kathleen K. Murphy, I am told " is no part of PR at Harbinger" and I should not speak to her about such things, however Kathleen Murphy using Philip Falcones email account emailed me a Snotty Gram and then a Huge Email on Postive PR On Philip Falcone. What Happened Next Coming Soon..
As I am unsure if Philip Falcone new that Kathleen Murphy Senior Vice President Harbinger Capital Partners had emailed me a Snotty Message.
From the Bio of Kathleen K. Murphy it sounds like Katy Murphy has been in the "High Finance" industry for quite some time. You would think she would, at this point in her career have a better way of dealing with "media" then to simply send a Snotty Subject Line to a Blogger and think that will do anything but inspire that Blog to Get the Real Down and Dirty Scoop on Her.
Maybe Kathleen K. Murphy of Harbinger Capitals should have used her Big Girl Words and told me what she really wanted or really had in mind instead of just jibberish and links to what others had to say is if I was desperate for someone as smart as her to GOOGLE "Philip Falcone" for me and send me links...so I would be sure to find them.
Surely I am not as Worthy and Smart as Kathleen K. Murphy, Harbinger Capital Partners"Portfolio Strategist" turned Harbinger Capital Partners Senior Vice President & Product Specialist with "Special Projects" having nothing to do with "PR"....
I say "Katy" has Secrets. I say that Kathleen K. Murphy has skeletons in her closet that spans decades and I intend to find Every single one of them. .. the Truth often in the Tiniest of Details.
I would be so Boldly as to say that Kathleen Murphy of Harbinger Capital Partners is a Cold Hearted Bitch... try that one on for size.. Or how about an Arrogant, Look Down Upon, Pompous, ... well I will have to come up with more tomm. but you get the point.. She sent a nasty subject line only email and then a condescending email and no words that actually made sense and yet she is a VP of a Multi-Billion Dollar Company... certainly she is only there for favors owed to her or secrets that she knows because she sure did mess this up.. Stepping in Blogger Scat .. that she surely did accomplish..
If you have a Tip on Kathleen K. Murphy at Goldman Sachs,
Harbinger Capital Partners, or Credit Suisse email your
Kathleen Murphy Tip to Me
Crystal L. Cox
Investigative Blogger
Crystal@CrystalCox.com
Crystal@CrystalCox.com
More on Harbinger Capital Partners
http://www.investigativeblogger.com/search/label/Harbinger%20Capital%20Partners
http://www.investigativeblogger.com/search/label/Harbinger%20Capital%20Partners
Wednesday, November 24, 2010
Philip Falcone - Harbinger Capital Partners Fund - Harbinger Group - Spectrum Brands
"Philip Falcone Finds a New Way to Raise Money Harbinger's chief, facing investor redemptions, will use a shell company to pay for acquisitions
Philip Falcone, the hedge fund manager who made a fortune betting against subprime mortgages in 2007, has hit a tough patch. His flagship Harbinger Capital Partners Fund and another fund under his control have faced redemption calls from major investors anxious about the funds' investments in a wireless satellite network.
Harbinger Capital is also at the center of an investigation by the Securities and Exchange Commission and the Manhattan U.S. Attorney's office over a $113 million loan it gave to Harbinger Capital Partners founder and Chief Executive Officer Falcone to cover a tax bill, according to two people with knowledge of the probe. Falcone, who declined an interview request, said in an e-mail that the loan "was documented and audited by outside accountants and legal advisers."
Despite his troubles, the hedge fund manager has found a way to raise funds in a difficult environment. Falcone, 48, is selling stock and bonds through Harbinger Group (HRG), a publicly traded shell company.
On Nov. 15, Harbinger Group raised $350 million by selling five-year debt yielding 11 percent. Falcone plans to use the new capital to buy controlling stakes in industries from agriculture to telecommunications, according to a Nov. 1 filing by Harbinger with the SEC.
To back the bonds, Harbinger hedge funds plan to give Harbinger Group most of their majority stake in Spectrum Brands (SPB), a publicly traded company whose products include Rayovac batteries and George Foreman grills, in exchange for additional Harbinger Group Stock.
Most hedge funds raise money from institutional investors, such as pension funds, that can withdraw their money under certain circumstances. Owning a publicly traded company allows Falcone to pay for acquisitions by issuing stock. "Our corporate structure provides significant advantages compared to the traditional hedge fund structure for long-term holdings," Harbinger Group said in the Nov. 1 SEC filing.
Redemption calls are a worry now at Harbinger. Goldman Sachs (GS) plans to pull its entire $120 million investment from Harbinger Capital Partners following a 15 percent decline this year through mid-October and the disclosure about the personal loan to Falcone, according to people briefed on Goldman's plans.
Other investors such as Advantage Advisers Management, a subsidiary of Oppenheimer Asset Management, have also indicated they want out, according to regulatory filings. Falcone's New York-based firm's overall assets have declined to about $9 billion, as of September, from $26 billion in mid-2008.
Falcone has angered some clients by investing about 90 percent of his flagship Harbinger Capital Partners Fund and more than half his Special Situations Fund in wireless-telecommunications investments, as of September. He is trying to build a multibillion-dollar satellite wireless network that would take on entrenched players such as AT&T (T) and Verizon Communications (VZ) through a company he created called LightSquared.
Falcone is liquidating about 80 percent of the $2 billion Special Situations Fund at the request of clients, investors say. He's been trying since June to raise $1 billion to $1.5 billion for LightSquared from investors who would be willing to commit capital for several years, according to potential investors who have seen marketing documents.
In theory, Falcone could use shares of Harbinger Group, which is listed on the New York Stock Exchange (NYX), to meet redemptions in his hedge funds, says David Guin, head of the U.S. securities practice at law firm Withers Bergman in New York.
Harbinger spokesman Jeffrey Zelkowitz says the proceeds of the bond sale won't be used to cover redemptions or finance investments in LightSquared. "Rather, HGI is a permanent capital vehicle to house longer-term controlling equity stakes in companies that operate across a diversified set of industries."
Falcone created Harbinger Group last year, when three of Harbinger's hedge funds paid $74 million to acquire a 51.6 percent stake in Zapata, an oil driller with cash and no operating businesses that was co-founded by President George H.W. Bush. Falcone reincorporated Zapata as Harbinger Group in December and later moved its headquarters to Manhattan from Rochester, N.Y. Having Harbinger Group gives Falcone a degree of freedom he doesn't have now, says Daniel Celeghin, a partner at Casey, Quirk & Associates, a Darien (Conn.)-based consultant to investment advisory firms: "Here is a pool of money you can manage indefinitely, and you don't have to worry about redemptions."
The bottom line: While dealing with investor redemptions, Falcone is raising capital through a public company he took over. "
Source of Post
http://www.businessweek.com/magazine/content/10_49/b4206051251677.htm
Philip Falcone, the hedge fund manager who made a fortune betting against subprime mortgages in 2007, has hit a tough patch. His flagship Harbinger Capital Partners Fund and another fund under his control have faced redemption calls from major investors anxious about the funds' investments in a wireless satellite network.
Harbinger Capital is also at the center of an investigation by the Securities and Exchange Commission and the Manhattan U.S. Attorney's office over a $113 million loan it gave to Harbinger Capital Partners founder and Chief Executive Officer Falcone to cover a tax bill, according to two people with knowledge of the probe. Falcone, who declined an interview request, said in an e-mail that the loan "was documented and audited by outside accountants and legal advisers."
Despite his troubles, the hedge fund manager has found a way to raise funds in a difficult environment. Falcone, 48, is selling stock and bonds through Harbinger Group (HRG), a publicly traded shell company.
On Nov. 15, Harbinger Group raised $350 million by selling five-year debt yielding 11 percent. Falcone plans to use the new capital to buy controlling stakes in industries from agriculture to telecommunications, according to a Nov. 1 filing by Harbinger with the SEC.
To back the bonds, Harbinger hedge funds plan to give Harbinger Group most of their majority stake in Spectrum Brands (SPB), a publicly traded company whose products include Rayovac batteries and George Foreman grills, in exchange for additional Harbinger Group Stock.
Most hedge funds raise money from institutional investors, such as pension funds, that can withdraw their money under certain circumstances. Owning a publicly traded company allows Falcone to pay for acquisitions by issuing stock. "Our corporate structure provides significant advantages compared to the traditional hedge fund structure for long-term holdings," Harbinger Group said in the Nov. 1 SEC filing.
Redemption calls are a worry now at Harbinger. Goldman Sachs (GS) plans to pull its entire $120 million investment from Harbinger Capital Partners following a 15 percent decline this year through mid-October and the disclosure about the personal loan to Falcone, according to people briefed on Goldman's plans.
Other investors such as Advantage Advisers Management, a subsidiary of Oppenheimer Asset Management, have also indicated they want out, according to regulatory filings. Falcone's New York-based firm's overall assets have declined to about $9 billion, as of September, from $26 billion in mid-2008.
Falcone has angered some clients by investing about 90 percent of his flagship Harbinger Capital Partners Fund and more than half his Special Situations Fund in wireless-telecommunications investments, as of September. He is trying to build a multibillion-dollar satellite wireless network that would take on entrenched players such as AT&T (T) and Verizon Communications (VZ) through a company he created called LightSquared.
Falcone is liquidating about 80 percent of the $2 billion Special Situations Fund at the request of clients, investors say. He's been trying since June to raise $1 billion to $1.5 billion for LightSquared from investors who would be willing to commit capital for several years, according to potential investors who have seen marketing documents.
In theory, Falcone could use shares of Harbinger Group, which is listed on the New York Stock Exchange (NYX), to meet redemptions in his hedge funds, says David Guin, head of the U.S. securities practice at law firm Withers Bergman in New York.
Harbinger spokesman Jeffrey Zelkowitz says the proceeds of the bond sale won't be used to cover redemptions or finance investments in LightSquared. "Rather, HGI is a permanent capital vehicle to house longer-term controlling equity stakes in companies that operate across a diversified set of industries."
Falcone created Harbinger Group last year, when three of Harbinger's hedge funds paid $74 million to acquire a 51.6 percent stake in Zapata, an oil driller with cash and no operating businesses that was co-founded by President George H.W. Bush. Falcone reincorporated Zapata as Harbinger Group in December and later moved its headquarters to Manhattan from Rochester, N.Y. Having Harbinger Group gives Falcone a degree of freedom he doesn't have now, says Daniel Celeghin, a partner at Casey, Quirk & Associates, a Darien (Conn.)-based consultant to investment advisory firms: "Here is a pool of money you can manage indefinitely, and you don't have to worry about redemptions."
The bottom line: While dealing with investor redemptions, Falcone is raising capital through a public company he took over. "
Source of Post
http://www.businessweek.com/magazine/content/10_49/b4206051251677.htm
Thursday, October 7, 2010
Massive Liabilities exist for Warner Bros. for their involvement in criminal RICO and ANTITRUST activities over Iviewit Scandal
Iviewit SEC Complaint NAMING Warner Bros. - Time Warner Inc. - Curtis Lu, now General Cousel of Lightsquared and Many Others over a Massive Shareholder Fraud in the Blatant, Obvious Theft of Iviewit Technologies.
" Pages 3-9
o Please note that the correspondence exhibited above refers to a notification issued to Warner Bros. at that time, which provided Warner Bros et al. further notice at that time that Cease and Desist letters and threatened litigation would be forthcoming regarding the technology infringements.
Warner Bros et al. already was given notice of Breach of Contracts regarding the Intellectual Properties in prior communiqués exhibited and these letters certainly cite specific liabilities Warner was aware of going forward.
Liabilities exist for Warner Bros et al. for their involvement in the alleged Criminal RICO and ANTITRUST activities initially discovered from information partially uncovered by Warner Bros et al. in 2001, as they were on the verge of investing $25 Million Dollars of capital to my companies.
When doing their due diligence on a $12 Million Dollar Private Placement with Wachovia Securities, corporate and intellectual property frauds were uncovered, including discoveries by Smith regarding the Proskauer/Rubenstein/Joao filed patents and Calkins discovered initial evidence of corporate and bankruptcy frauds.
At that time, Warner Bros et al. counsel, including Smith, employees and personnel became aware of frauds relating to both the patents filed with the US Patent Office and additional corporate fraud, additional information regarding similar corporate frauds was also being unearthed at that time in an audit being conducted by Arthur Andersen (“Andersen”) which will be discussed further herein.
This information of what Smith and Calkin’s had discovered was relayed to Iviewit by Colter on behalf of both Wayne Smith and John Calkins as rational for not going forward on the Private Placement investment.
Colter relayed that Warner Bros et al. uncovered fraud, including fraudulent statements made by Proskauer Rose and Foley & Lardner, former Iviewit counsel, regarding statements made in the Wachovia Private Placement whereby the bankruptcy and lawsuits were not disclosed that were later discovered.
The Private Placement Memorandum completed by, billed for and circulated to potential Iviewit investors, including Warner Bros et al., by Proskauer Rose.
The Fraudulent Statements by counsel and others contained in the Wachovia Private Placement, distributed for capital investment is cause for further SEC investigations of these criminal and SEC violations. Further questions arise as to Wachovia’s actions once they too were aware of the Fraud.
Per Colter, Warner Bros et al. and Smith uncovered Intellectual Property Frauds involving fraudulent oaths to the US Patent Office and Worldwide Patent Authorities, which has in part led to suspension of my Intellectual Properties by the US Patent Commissioner pending investigations by the US Patent Office and the Federal Bureau of Investigation.
This series of events led to further uncovering Patent Fraud by my former counsel Proskauer, Foley and Meltzer and others that are subject to several state, federal and international ongoing investigations and legal actions.
Investigations now include one by Harry I. Moatz (“Moatz”), Director of the United States Patent & Trademark Office – Office of Enrollment and Discipline (“OED”), charged with oversight of the Federal Patent Bar and patent attorney criminal issues.
Harry Moatz confirmed that W. Palm Beach FBI Special Agent, Stephen Lucchesi had joined his investigation of FRAUD ON THE UNITED STATES PATENT AND TRADEMARK OFFICE allegedly committed by attorneys registered with the Federal Patent Bar.
Harry Moatz also directed me to file claims of Fraud on the USPTO with the Commissioner of the US Patent Office that resulted in the exhibited herein patent suspensions.
Harry Moatz assembled a team of Patent Office Officials to aid me in getting the Intellectual Properties ready for suspension while investigations proceeded, as he removed all prior counsel from access to the IP.
Amazingly, the patent office initial information which led to suspension proved that materially false information on the patents was not only given to the US Patent Office but that similar false information was given by Proskauer, Foley and Meltzer to Wachovia Securities for inclusion into the Private Placement Memorandum.
Per Colter, Calkin’s had found fraud involving a fraudulent billing lawsuit against the Iviewit companies by counsel Proskauer.
Prior to Calkin’s information Iviewit corporate officers, directors and management did not know about such lawsuit, except those now charged with the RICO and ANTITRUST crimes and therefore it was not disclosed by Proskauer or Iviewit Accountants to Wachovia Securities for their due diligence and therefore not reflected in the Private Placement, further false statements in a securities document.
At the time, I retained independent counsel, Caroline Prochotska Rogers, Esquire to investigate the corporate and patent fraud allegations and it was confirmed that there was a bankruptcy filing and lawsuit that were not disclosed to Wachovia or Iviewit’s Board and Management that were not part of the conspiratorial efforts.
It was later learned that the companies sued by Proskauer Rose were companies fraudulently set up by former counsel Proskauer Rose and had stolen Intellectual Properties in them, this was learned from information discovered directly from the US Patent Office OED Investigations.
Whereby, Arthur Andersen on or about this time, while auditing the Iviewit companies for the largest investor Crossbow Ventures of West Palm Beach Florida, whose investment funds were two-thirds SBA SBIC funds, found identical and similarly named companies to the Iviewit companies.
The Fraud involving the stolen Small Business Administration Funds is under ongoing investigation with the SBA Inspector General’s office, the SEC through actions involving the Boca Raton Police Department (“Boca PD”) to be discussed in detail herein and other investigators.
Per Colter, Smith discovered Fraud involving Kenneth Rubenstein, a Proskauer Rose Law Firm partner and sole patent evaluator for one of the largest infringers and criminal suspects in my Federal RICO and ANTITRUST Lawsuit and this was the supposed reason he want Kenneth Rubenstein, MPEG LA Patent Attorney... to re-opine.
The SEC should note here that in addition to the US Patent Office OED investigation of Rubenstein, Rubenstein also is under investigation with other attorneys, including Joao, all ordered for investigation by unanimous consent of Five Justices of the New York Supreme Court Appellate Division First Department.
Investigations ordered for “Conflicts of Interest and the Appearance of Impropriety” when a Proskauer partner, Steven C. Krane, violated public office rules at the New York Supreme Court Appellate Division First Department – Departmental Disciplinary Committee.
Krane caught handling Iviewit/Proskauer complaints, in order to block the complaints against his partner Kenneth Rubenstein and his firm Proskauer Rose, concealing the massive conflict he had as an Officer of the First Department Disciplinary Committee and other conflicts from other ethical public office positions he maintains in New York, while remaining a Proskauer partner.
After discovery of the alleged Intellectual Property fraudulent filings, Iviewit learned later that Smith, IP counsel for Warner Bros., was now working with Rubenstein who was Iviewit’s former IP counsel, MPEGLA counsel and Warner Bros. counsel.
Whereby, upon Smith’s request for Kenneth Rubenstein to re-opine, Rubenstein claimed he was conflicted with Warner Bros. et al. and Iviewit and therefore could not opine, including even to reiterate his prior opinion, as already evidenced herein.
Whereby Warner Bros. et al. then breached their contracts and began illegally using and licensing the technologies to others in violation of the Binding Signed Agreements.
The DVD6C, MPEGLA LLC and other patent pooling schemes, where Warner Bros. and Proskauer are major participants[10], for example in the DVD6C pool which are managed and monetized by Warner Bros., Proskauer and Rubenstein.
The pooling schemes are alleged to be merely artifices to STEAL INVENTIONS FROM INVENTORS in violation of multiple Antitrust laws and have illegally precluded me from market in classic RICO and ANTITRUST activities, including death threats and a car bomb.
The Patent Pooling Schemes that Warner Bros. is directly involved in and inuring benefit from are also using the technologies in violation of Signed and Binding Contracts and Licensing Agreements, admittedly.
Yet, since that time Warner Bros. have also excluded Iviewit from market tying and bundling the technologies in their licensing schemes, again in classic RICO and ANTITRUST activities and not only failed to pay Iviewit royalties but have failed to account for the 10 years of knowing infringement and the Massive Liabilities to Shareholders that mounts daily.
Click Here for Official Fingerprinted Iviewit Document "
More on Iviewit Patent Theft
www.JeffreyBewkes.com
www.DeniedPatent.com
www.iViewit.TV
www.CEOpaulOtellini.com
www.BruceSewell.com
" Pages 3-9
o Please note that the correspondence exhibited above refers to a notification issued to Warner Bros. at that time, which provided Warner Bros et al. further notice at that time that Cease and Desist letters and threatened litigation would be forthcoming regarding the technology infringements.
Warner Bros et al. already was given notice of Breach of Contracts regarding the Intellectual Properties in prior communiqués exhibited and these letters certainly cite specific liabilities Warner was aware of going forward.
Liabilities exist for Warner Bros et al. for their involvement in the alleged Criminal RICO and ANTITRUST activities initially discovered from information partially uncovered by Warner Bros et al. in 2001, as they were on the verge of investing $25 Million Dollars of capital to my companies.
When doing their due diligence on a $12 Million Dollar Private Placement with Wachovia Securities, corporate and intellectual property frauds were uncovered, including discoveries by Smith regarding the Proskauer/Rubenstein/Joao filed patents and Calkins discovered initial evidence of corporate and bankruptcy frauds.
At that time, Warner Bros et al. counsel, including Smith, employees and personnel became aware of frauds relating to both the patents filed with the US Patent Office and additional corporate fraud, additional information regarding similar corporate frauds was also being unearthed at that time in an audit being conducted by Arthur Andersen (“Andersen”) which will be discussed further herein.
This information of what Smith and Calkin’s had discovered was relayed to Iviewit by Colter on behalf of both Wayne Smith and John Calkins as rational for not going forward on the Private Placement investment.
Colter relayed that Warner Bros et al. uncovered fraud, including fraudulent statements made by Proskauer Rose and Foley & Lardner, former Iviewit counsel, regarding statements made in the Wachovia Private Placement whereby the bankruptcy and lawsuits were not disclosed that were later discovered.
The Private Placement Memorandum completed by, billed for and circulated to potential Iviewit investors, including Warner Bros et al., by Proskauer Rose.
The Fraudulent Statements by counsel and others contained in the Wachovia Private Placement, distributed for capital investment is cause for further SEC investigations of these criminal and SEC violations. Further questions arise as to Wachovia’s actions once they too were aware of the Fraud.
Per Colter, Warner Bros et al. and Smith uncovered Intellectual Property Frauds involving fraudulent oaths to the US Patent Office and Worldwide Patent Authorities, which has in part led to suspension of my Intellectual Properties by the US Patent Commissioner pending investigations by the US Patent Office and the Federal Bureau of Investigation.
This series of events led to further uncovering Patent Fraud by my former counsel Proskauer, Foley and Meltzer and others that are subject to several state, federal and international ongoing investigations and legal actions.
Investigations now include one by Harry I. Moatz (“Moatz”), Director of the United States Patent & Trademark Office – Office of Enrollment and Discipline (“OED”), charged with oversight of the Federal Patent Bar and patent attorney criminal issues.
Harry Moatz confirmed that W. Palm Beach FBI Special Agent, Stephen Lucchesi had joined his investigation of FRAUD ON THE UNITED STATES PATENT AND TRADEMARK OFFICE allegedly committed by attorneys registered with the Federal Patent Bar.
Harry Moatz also directed me to file claims of Fraud on the USPTO with the Commissioner of the US Patent Office that resulted in the exhibited herein patent suspensions.
Harry Moatz assembled a team of Patent Office Officials to aid me in getting the Intellectual Properties ready for suspension while investigations proceeded, as he removed all prior counsel from access to the IP.
Amazingly, the patent office initial information which led to suspension proved that materially false information on the patents was not only given to the US Patent Office but that similar false information was given by Proskauer, Foley and Meltzer to Wachovia Securities for inclusion into the Private Placement Memorandum.
Per Colter, Calkin’s had found fraud involving a fraudulent billing lawsuit against the Iviewit companies by counsel Proskauer.
Prior to Calkin’s information Iviewit corporate officers, directors and management did not know about such lawsuit, except those now charged with the RICO and ANTITRUST crimes and therefore it was not disclosed by Proskauer or Iviewit Accountants to Wachovia Securities for their due diligence and therefore not reflected in the Private Placement, further false statements in a securities document.
At the time, I retained independent counsel, Caroline Prochotska Rogers, Esquire to investigate the corporate and patent fraud allegations and it was confirmed that there was a bankruptcy filing and lawsuit that were not disclosed to Wachovia or Iviewit’s Board and Management that were not part of the conspiratorial efforts.
It was later learned that the companies sued by Proskauer Rose were companies fraudulently set up by former counsel Proskauer Rose and had stolen Intellectual Properties in them, this was learned from information discovered directly from the US Patent Office OED Investigations.
Whereby, Arthur Andersen on or about this time, while auditing the Iviewit companies for the largest investor Crossbow Ventures of West Palm Beach Florida, whose investment funds were two-thirds SBA SBIC funds, found identical and similarly named companies to the Iviewit companies.
The Fraud involving the stolen Small Business Administration Funds is under ongoing investigation with the SBA Inspector General’s office, the SEC through actions involving the Boca Raton Police Department (“Boca PD”) to be discussed in detail herein and other investigators.
Per Colter, Smith discovered Fraud involving Kenneth Rubenstein, a Proskauer Rose Law Firm partner and sole patent evaluator for one of the largest infringers and criminal suspects in my Federal RICO and ANTITRUST Lawsuit and this was the supposed reason he want Kenneth Rubenstein, MPEG LA Patent Attorney... to re-opine.
The SEC should note here that in addition to the US Patent Office OED investigation of Rubenstein, Rubenstein also is under investigation with other attorneys, including Joao, all ordered for investigation by unanimous consent of Five Justices of the New York Supreme Court Appellate Division First Department.
Investigations ordered for “Conflicts of Interest and the Appearance of Impropriety” when a Proskauer partner, Steven C. Krane, violated public office rules at the New York Supreme Court Appellate Division First Department – Departmental Disciplinary Committee.
Krane caught handling Iviewit/Proskauer complaints, in order to block the complaints against his partner Kenneth Rubenstein and his firm Proskauer Rose, concealing the massive conflict he had as an Officer of the First Department Disciplinary Committee and other conflicts from other ethical public office positions he maintains in New York, while remaining a Proskauer partner.
After discovery of the alleged Intellectual Property fraudulent filings, Iviewit learned later that Smith, IP counsel for Warner Bros., was now working with Rubenstein who was Iviewit’s former IP counsel, MPEGLA counsel and Warner Bros. counsel.
Whereby, upon Smith’s request for Kenneth Rubenstein to re-opine, Rubenstein claimed he was conflicted with Warner Bros. et al. and Iviewit and therefore could not opine, including even to reiterate his prior opinion, as already evidenced herein.
Whereby Warner Bros. et al. then breached their contracts and began illegally using and licensing the technologies to others in violation of the Binding Signed Agreements.
The DVD6C, MPEGLA LLC and other patent pooling schemes, where Warner Bros. and Proskauer are major participants[10], for example in the DVD6C pool which are managed and monetized by Warner Bros., Proskauer and Rubenstein.
The pooling schemes are alleged to be merely artifices to STEAL INVENTIONS FROM INVENTORS in violation of multiple Antitrust laws and have illegally precluded me from market in classic RICO and ANTITRUST activities, including death threats and a car bomb.
The Patent Pooling Schemes that Warner Bros. is directly involved in and inuring benefit from are also using the technologies in violation of Signed and Binding Contracts and Licensing Agreements, admittedly.
Yet, since that time Warner Bros. have also excluded Iviewit from market tying and bundling the technologies in their licensing schemes, again in classic RICO and ANTITRUST activities and not only failed to pay Iviewit royalties but have failed to account for the 10 years of knowing infringement and the Massive Liabilities to Shareholders that mounts daily.
Click Here for Official Fingerprinted Iviewit Document "
More on Iviewit Patent Theft
www.JeffreyBewkes.com
www.DeniedPatent.com
www.iViewit.TV
www.CEOpaulOtellini.com
www.BruceSewell.com
Saturday, October 2, 2010
Curtis Lu Time Warner Inc. General Counsel LEAVES without Disclosing Massive Liability to Time Warner Board and Shareholders
Before Curtis Lu Left Time Warner, Curtis Lu Called Iviewit Founder Eliot Bernstein. How Much Risk Does Harbinger Capital Partners Investors Now Have ?
LightSquared now has Massive Liability in Curtis Lu as their General Counsel.
The Investors of Harbinger Capital Partners Will Pay the Price.
Do your Homework - it's YOUR Money ~ It's Your Life.
Curtis Lu Time Warner (NYSE: TWX) Contacts Eliot Bernstein April 15, 2010, after OVER a Decade in which Time Warner NEW of the Iviewit Technologies Massive Liability to the Time Warner Inc. and Related Companies.
Time Warner used this Technology and Continues
to VIOLATE Signed Agreements to This Day.
Time Warner has Violated Licensing Agreements with Iviewit Tech., and Violated NBA agreements. Curtis Lu - Time Warner IGNORES Massive Shareholder FRAUD then Conveniently Leaves Time Warner for the Harbinger Capital Partners - Philip Falcone investment of LightSquared.
Marc Garber of Flaster Greenberg and Eliot Bernstein of Iviewit Technologies Speaks with Curtis Lu of Time Warner Inc. About the RISK and Liability that Time Warner Faces over the Massive Fraud of the Stolen Iviewit Technology.
Curtis LU admitted he was familiar with the situation, and KNOWS all the Details and Liabilites and FAILED to Warn the Time Warner Board, Time Warner Shareholders.
"April 15, 2010 call prior to filing formal SEC Complaint and giving Time Warner a last chance to pay the true and proper inventor of Digital Imaging and Video Scaling Inventions and avoid further actions. "
After all is Said and Done, Curtis Lu Time Warner Inc. General Counsel - Now the General Counsel at Harbinger Capital Partners - Lightsquared.. well at the end Curtis Lu says he is Going to Go Back to His "Client" and Get THEIR "Reaction"
Well you Sure Gotta wonder what the Clients Reaction Was - I Mean that Next Month Curtis Lu went to some Convention where he talked about future issues and potential problems with Intellectual Property Rights - what a Joke that was.. and a few months later Curtis Lu, Time Warner Inc. Leaves Time Warner to be the General Counsel of Harbinger Capital Partners - Philip Falcone Multi-Billion Dollar Investment of a Company Called "Lightsquared" - which seems to think they will take over as the Leading Wireless, Internet Company in a couple of short years.
Ok so did Jeffrey Bewkes FIRE Curtis Lu, Time Warner Inc. - or Did They Cut a Deal where Curtis Lu would Leave with benefits and a good record? Did Jeff Bewkes WARN the Board of Directors at Time Warner Inc. or the Shareholders of Time Warner Inc. ?
WHO Did "Curtis Lu" - General Council of Time Warner actual "Get Back To?" and what did THEY really say to Curtis Lu, Time Warner Inc. General Counsel.
Curtis Lu is Involved in the SEC Complaint and Suit and will CERTAINLY call Eliot.. well Curtis Lu never did get back to Eliot. So What REALLY Happened?
Eliot Gave Time Warner, Curtis Lu Very Good Options and Well Curtis Lu was either FIRED or Simply Left Time Warner Inc. Right After This. Why? What is the REAL truth of Curtis Lu Leaving Time Warner for Philip Falcone - Harbinger Capital Partners, Star Investment LightSquared?
How Much Risk Does Harbinger Capital Partners Investors Now Have ?
Why is the NEW Time Warner General Counsel Paul T. Cappuccio IGNORING this Massive Shareholder Fraud and Failing to Disclose this Multi-Trillion Dollar Liability?
Well this is Massive Fraud and it is Easily PROVEN though Mary L. Schapiro the Chairman of the U.S. Securities and Exchange Commission seems to so far Ignore over 1200 documents and 10 years of proof, it is still proven and the Shareholders of Time Warner Inc., AOL, Warner Bros., Sony, Intel Corp., Lockheed Martin, IBM, and Many more will pay Trillions.. oh WEll Right .. Jeffrey Bewkes and Mary Schapiro and all the Others at the Top will not pay,odds are they have already hid their assets, I mean they have known this was coming for a VERY long time and STILL they sit on it. .the MOTIVE?
TO make sure they get THEIRS before the Investors / Shareholders take the inevitable financial hit that they will indeed take. .
So what did Jeffrey Bewkes, Chairman and Chief Executive Officer really have to say about the now famed call from Time Warner Inc. - General Counsel Curtis Lu to Eliot Bernstein Iviewit Founder and One of the Inventors of the Mult-Trillion Dollar Iviewit Technology that Time Warner has made Billions on Top of Billions on and all the while knowing they had STOLEN the Technology and Violated SIGNED agreements with Iviewit. Where is Jeffrey Bewkes, Chairman and Chief Executive Officer on this?
"Jeff Bewkes is Chairman and CEO of Time Warner Inc. He was elected Chairman of the Board of Directors in January 2009, having served on the Board since January 2007. He was elected CEO of the Company in January 2008. "
Jeff Bewkes KNOWS of Massive Fraud and Neglects to TELL the Time Warner Board. Jeff Bewkes is GUILTY of Massive Shareholder Fraud and WILL BE indicted. This is Criminal, this is Immoral and Folks.. there is over 1200 Documents of Proof on top of other massive information. This is Fact, Jeff Bewkes Time Warner KNOWS it and DOES nothing to Warner you THE board, the investors of Time Warner Inc. - Why?
Part 1 - Curtis Lu for Time Warner Inc.
Part 2 Curtis Lu - Time Warner General Counsel
Part 3 - Curtis Lu - Time Warner General Council FAILS
to Disclose Massive Shareholder Liability.
So Curtis Lu, Ask Yourself, How Much "Risk" - Liability did you Bring to Philip Falcone and to LightSquare which is raking in billions of investors money to be the NEW "internet network" that takes over all others.
Yet Curtis Lu is their General Council and is named in a Federal RICO Lawsuit and an SEC Complaint and KNOWS of a Mult-Trillion Dollar Shareholder Fraud involving his Former Employer Time Warner Inc. - Well Curtis Lu, Lightsqared General Counsel is Sure in Deep on this.
Time Warner Massive Liability - There is Proof that Time Warner Inc. was Infringing on this Technology, tons of the proof, and Yet Time Warner Inc. DOES not have This Liability Reported on the Books, WHY?
"We Should Have Been Disclosing?" - Curtis Lu asks.. GEE .. umm.. hmm..
"So Uh, are we.. uh is Time Warner a Defendent in all this? "
Time Warner Inc. has a Massive Undisclosed Liability...
So What Does the Time Warner Inc. Board have to Say about all this?
Jeffrey L. Bewkes
Chairman and Chief Executive Officer, Time Warner Inc.
James L. Barksdale
Chairman and President, Barksdale Management Corporation
William P. Barr
Former Attorney General of the United States
Stephen F. Bollenbach
Former Co-Chairman and Chief Executive Officer, Hilton Hotels Corporation
Frank J. Caufield
Co-Founder and Partner, Kleiner Perkins Caufield & Byers
Robert C. Clark
Distinguished Service Professor, Harvard University
Mathias Döpfner
Chairman, Chief Executive Officer, Axel Springer AG
Jessica P. Einhorn
Dean, Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University
Fred Hassan
Former Chairman and Chief Executive Officer, Schering-Plough Corporation
Michael A. Miles
Special Limited Partner, Forstmann Little & Company
Kenneth J. Novack
Senior Counsel, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC
Deborah C. Wright
Chairman, President and Chief Executive Officer, Carver Bancorp, Inc.
What Do the Senior Corporate Executives at Time Warner Have to Say?
Jeffrey L. Bewkes
Chairman and Chief Executive Officer
Paul T. Cappuccio
Executive Vice President and General Counsel
Patricia Fili-Krushel
Executive Vice President, Administration
Gary L. Ginsberg
Executive Vice President, Corporate Marketing and Communications
John K. Martin
Executive Vice President and Chief Financial Officer
Carol A. Melton
Executive Vice President, Global Public Policy
Olaf Olafsson
Executive Vice President
Connected Time Warner Inc. Companies
Global Media Group, HBO - Home Box Office, Warner Bros. Entertainment,Time Inc., Turner Broadcasting System, AOL - ALL Liable for this Multi-Trillion Dollar Stolen Technology.
More Links to the Iviewit Stolen Technology Story
http://www.iViewit.tv/
http://www.DeniedPatent.com/
http://www.JeffreyBewkes.com/
http://www.ceopaulotellini.com/
http://www.brucesewell.com/
LightSquared now has Massive Liability in Curtis Lu as their General Counsel.
The Investors of Harbinger Capital Partners Will Pay the Price.
Do your Homework - it's YOUR Money ~ It's Your Life.
Curtis Lu Time Warner (NYSE: TWX) Contacts Eliot Bernstein April 15, 2010, after OVER a Decade in which Time Warner NEW of the Iviewit Technologies Massive Liability to the Time Warner Inc. and Related Companies.
Time Warner used this Technology and Continues
to VIOLATE Signed Agreements to This Day.
Time Warner has Violated Licensing Agreements with Iviewit Tech., and Violated NBA agreements. Curtis Lu - Time Warner IGNORES Massive Shareholder FRAUD then Conveniently Leaves Time Warner for the Harbinger Capital Partners - Philip Falcone investment of LightSquared.
Marc Garber of Flaster Greenberg and Eliot Bernstein of Iviewit Technologies Speaks with Curtis Lu of Time Warner Inc. About the RISK and Liability that Time Warner Faces over the Massive Fraud of the Stolen Iviewit Technology.
Curtis LU admitted he was familiar with the situation, and KNOWS all the Details and Liabilites and FAILED to Warn the Time Warner Board, Time Warner Shareholders.
"April 15, 2010 call prior to filing formal SEC Complaint and giving Time Warner a last chance to pay the true and proper inventor of Digital Imaging and Video Scaling Inventions and avoid further actions. "
After all is Said and Done, Curtis Lu Time Warner Inc. General Counsel - Now the General Counsel at Harbinger Capital Partners - Lightsquared.. well at the end Curtis Lu says he is Going to Go Back to His "Client" and Get THEIR "Reaction"
Well you Sure Gotta wonder what the Clients Reaction Was - I Mean that Next Month Curtis Lu went to some Convention where he talked about future issues and potential problems with Intellectual Property Rights - what a Joke that was.. and a few months later Curtis Lu, Time Warner Inc. Leaves Time Warner to be the General Counsel of Harbinger Capital Partners - Philip Falcone Multi-Billion Dollar Investment of a Company Called "Lightsquared" - which seems to think they will take over as the Leading Wireless, Internet Company in a couple of short years.
Ok so did Jeffrey Bewkes FIRE Curtis Lu, Time Warner Inc. - or Did They Cut a Deal where Curtis Lu would Leave with benefits and a good record? Did Jeff Bewkes WARN the Board of Directors at Time Warner Inc. or the Shareholders of Time Warner Inc. ?
WHO Did "Curtis Lu" - General Council of Time Warner actual "Get Back To?" and what did THEY really say to Curtis Lu, Time Warner Inc. General Counsel.
Curtis Lu is Involved in the SEC Complaint and Suit and will CERTAINLY call Eliot.. well Curtis Lu never did get back to Eliot. So What REALLY Happened?
Eliot Gave Time Warner, Curtis Lu Very Good Options and Well Curtis Lu was either FIRED or Simply Left Time Warner Inc. Right After This. Why? What is the REAL truth of Curtis Lu Leaving Time Warner for Philip Falcone - Harbinger Capital Partners, Star Investment LightSquared?
How Much Risk Does Harbinger Capital Partners Investors Now Have ?
Why is the NEW Time Warner General Counsel Paul T. Cappuccio IGNORING this Massive Shareholder Fraud and Failing to Disclose this Multi-Trillion Dollar Liability?
Well this is Massive Fraud and it is Easily PROVEN though Mary L. Schapiro the Chairman of the U.S. Securities and Exchange Commission seems to so far Ignore over 1200 documents and 10 years of proof, it is still proven and the Shareholders of Time Warner Inc., AOL, Warner Bros., Sony, Intel Corp., Lockheed Martin, IBM, and Many more will pay Trillions.. oh WEll Right .. Jeffrey Bewkes and Mary Schapiro and all the Others at the Top will not pay,odds are they have already hid their assets, I mean they have known this was coming for a VERY long time and STILL they sit on it. .the MOTIVE?
TO make sure they get THEIRS before the Investors / Shareholders take the inevitable financial hit that they will indeed take. .
So what did Jeffrey Bewkes, Chairman and Chief Executive Officer really have to say about the now famed call from Time Warner Inc. - General Counsel Curtis Lu to Eliot Bernstein Iviewit Founder and One of the Inventors of the Mult-Trillion Dollar Iviewit Technology that Time Warner has made Billions on Top of Billions on and all the while knowing they had STOLEN the Technology and Violated SIGNED agreements with Iviewit. Where is Jeffrey Bewkes, Chairman and Chief Executive Officer on this?
"Jeff Bewkes is Chairman and CEO of Time Warner Inc. He was elected Chairman of the Board of Directors in January 2009, having served on the Board since January 2007. He was elected CEO of the Company in January 2008. "
Jeff Bewkes KNOWS of Massive Fraud and Neglects to TELL the Time Warner Board. Jeff Bewkes is GUILTY of Massive Shareholder Fraud and WILL BE indicted. This is Criminal, this is Immoral and Folks.. there is over 1200 Documents of Proof on top of other massive information. This is Fact, Jeff Bewkes Time Warner KNOWS it and DOES nothing to Warner you THE board, the investors of Time Warner Inc. - Why?
Part 1 - Curtis Lu for Time Warner Inc.
Part 2 Curtis Lu - Time Warner General Counsel
Part 3 - Curtis Lu - Time Warner General Council FAILS
to Disclose Massive Shareholder Liability.
So Curtis Lu, Ask Yourself, How Much "Risk" - Liability did you Bring to Philip Falcone and to LightSquare which is raking in billions of investors money to be the NEW "internet network" that takes over all others.
Yet Curtis Lu is their General Council and is named in a Federal RICO Lawsuit and an SEC Complaint and KNOWS of a Mult-Trillion Dollar Shareholder Fraud involving his Former Employer Time Warner Inc. - Well Curtis Lu, Lightsqared General Counsel is Sure in Deep on this.
Time Warner Massive Liability - There is Proof that Time Warner Inc. was Infringing on this Technology, tons of the proof, and Yet Time Warner Inc. DOES not have This Liability Reported on the Books, WHY?
"We Should Have Been Disclosing?" - Curtis Lu asks.. GEE .. umm.. hmm..
"So Uh, are we.. uh is Time Warner a Defendent in all this? "
Time Warner Inc. has a Massive Undisclosed Liability...
So What Does the Time Warner Inc. Board have to Say about all this?
Jeffrey L. Bewkes
Chairman and Chief Executive Officer, Time Warner Inc.
James L. Barksdale
Chairman and President, Barksdale Management Corporation
William P. Barr
Former Attorney General of the United States
Stephen F. Bollenbach
Former Co-Chairman and Chief Executive Officer, Hilton Hotels Corporation
Frank J. Caufield
Co-Founder and Partner, Kleiner Perkins Caufield & Byers
Robert C. Clark
Distinguished Service Professor, Harvard University
Mathias Döpfner
Chairman, Chief Executive Officer, Axel Springer AG
Jessica P. Einhorn
Dean, Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University
Fred Hassan
Former Chairman and Chief Executive Officer, Schering-Plough Corporation
Michael A. Miles
Special Limited Partner, Forstmann Little & Company
Kenneth J. Novack
Senior Counsel, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC
Deborah C. Wright
Chairman, President and Chief Executive Officer, Carver Bancorp, Inc.
What Do the Senior Corporate Executives at Time Warner Have to Say?
Jeffrey L. Bewkes
Chairman and Chief Executive Officer
Paul T. Cappuccio
Executive Vice President and General Counsel
Patricia Fili-Krushel
Executive Vice President, Administration
Gary L. Ginsberg
Executive Vice President, Corporate Marketing and Communications
John K. Martin
Executive Vice President and Chief Financial Officer
Carol A. Melton
Executive Vice President, Global Public Policy
Olaf Olafsson
Executive Vice President
Connected Time Warner Inc. Companies
Global Media Group, HBO - Home Box Office, Warner Bros. Entertainment,Time Inc., Turner Broadcasting System, AOL - ALL Liable for this Multi-Trillion Dollar Stolen Technology.
More Links to the Iviewit Stolen Technology Story
http://www.iViewit.tv/
http://www.DeniedPatent.com/
http://www.JeffreyBewkes.com/
http://www.ceopaulotellini.com/
http://www.brucesewell.com/
Subscribe to:
Comments (Atom)