For a decade plus now, yours truly has been smothered with the troubling matter of Goldman Sachs and Bain Capital doing really bad things in eToys federal case. Romney was CEO of Bain in 2001; and that's when the conflicts of interest crime spree began. Each time we provided more Smoking Gun evidences of fraud, my attorneys withdrew from the case. And the pirates utilized federal corruption to get away with their skullduggery.
Now that is (hopefully) - about to change.
Word got out (because I'm a happy pickle bragging about it) - that yours truly was hiring a former Assistant United States Attorney and other parties to tackle the eToys case. Thanks to Romney's hubris of believing he could run for POTUS and bury all of the facts, a new wave of interest occurred. It was the plan to attack the eToys bankruptcy case; because Bain Capital stole eToys. If that didn't work (due to bad faith issues boundless) - then we would do a Civil RICO case. That was then muddled by the fact that the New York Supreme Court "Re-heard" the eToys case on May 29, 2013; and a purported "settlement" was reached.
Then the conflicted attorneys rushed to bury the case and put it under SEAL.
As told by the New York Times OpEd article by Joe Nocera, in his March 2013 story "Rigging the I.P.O. Game" Goldman Sachs did funky things with the pricing of eToys stock in 1999. Goldman Sachs was sued in the New York Supreme Court about the issues. Goldman Sachs Delaware law firm lied to become eToys Debtor's counsel and Paul Traub lied to become eToys Creditors counsel.
Then Goldman Sachs law firm hired a Goldman Sachs law firm to sue Goldman Sachs!
All of this would go away, if the current efforts to keep the "entire" case files SEALED - remained intact and untouched. All that the bad faith parties needed was all parties to accept the fact that the fraud parties are Above the Law. A hearing was scheduled to rubber stamp all this; but -
Judge Orders Scheduled Status Conference Hearing Cancelled
more below the fold...
Do Above the Law Bandits Ever Fact the Music?
- MAYBE!
It did appear to this victim that Romney & Gang are simply too powerful and Above the Law so greatly that they were (maybe) going to get away with it all. Then the New York Times came out with its story and
Bain Capital cancelled the I.P.O. of Toys R Us - this was HUGE!
The former judge and former Asst. U.S. Attorney who were willing to help out - neither one of them knew anything about bankruptcy law. It was going to take time to get them up to speed and yours truly was going to their Midwest offices to educate them on the issues at hand.
Unfortunately, that is when the settlement was not only announced; but also put entirely under seal. The bandits sought to keep it under seal. Then a Thomson Reuters journalist named Thomas Hals called yours truly and asked how in the heck a bankruptcy case can be opened for 12 years - and what was really going on!
That is when this Reuters story broke "U.S. Objects to secret Settlement in eToys".
Conflicts of Interest Crimes are Vast in the eToys case
As is reflected in the picture above, everyone in the eToys case is connected to every other party. The problem with this is, it is all against the Law. Though you can't see it yet, as the Reuters story is up on the WestLaw (paid subscription) network. Here's the key issues journalist Tom Hals stated; which is shaking up the pirates efforts of skullduggery - massively.
Steven [Laser] Haas, who was hired as a litigation consultant in the bankruptcy and then barred from participating for criticizing the process, said sealing the settlement "will only help people who have engaged in conflicts of interest."
The eToys bankruptcy has its roots in its spectacular stock market debut in May 1999. Goldman Sachs priced the stock at just under $20 per share, and the stock closed the first day trading at around $75. While the IPO raised $176 million, it could have raised $550 million more if its shares were priced near where the closed that first day.
AND
The eToys saga has also drawn criticism for Bain Capital, whose KB Toys bought some assets at a knockdown price during the bankruptcy.
emphasis added
Goldman Sachs and Bain Capital power mongers aren't going to sleep well these next few weeks. This is being overshadowed by the new state of affairs. The Judge in the eToys case has ordered the hearing (which was to rubber stamp keeping everything under Seal) - to be cancelled. At the same time some more Objections have come to the fore that actually boggle the mind and create greater conundrums.
This cancelling also started another panic in the ranks of the pirates. Now, believe it or not, Paul Traub's partner Barry Gold is Objecting to Paul Traub being paid. The problem with that is, Barry Gold and Paul Traub have already confessed they are partners.
Furthermore, Barry Gold's Objection to Paul Traub getting paid was submitted by the MNAT law firm. The problem with that is, MNAT has confessed = and already has been warned against = representing Goldman Sachs interests in the eToys case. MNAT has confessed it is Goldman Sachs counsel in Delaware.
MNAT cannot be involved in Goldman Sachs matters - It is a Conflict of Interest! It is also a Conflict of Interest for Barry Gold to handle Paul Traub issues
(being that both have confessed to the Delaware Bankruptcy Court they're partners). Frederick Rosner is the self professed local counsel of Traub Bonacquist & Fox.
The relationships are incestuous and systemic - AND - Against the Law!
A couple of other reporters are talking to this victim now. Evidently, if all goes according to plan, various main stream media outlets are going to run over each other to tell the WHOLE story. And that makes yours truly a happy man! For crooks love the darkness and us victims need the light.
Much sunshine is coming to the eToys case - and that's a good thing.