Why no coverage of this on ABCCBSNBCCNNFOXMSNBC?
Several days ago (June 16, 2011), Steven Jones of Dow Jones Newswires – a News Corporation company – broke what may be the story of the Millennium, literally.
According to 69 recent SEC filings that have now “vanished”, a Texan by the name of Johnny Earl Satterwhite claims to hold over $8 trillion in public companies like Microsoft, Exxon Mobil and City National Bank, among others.
Jones also obtained documents that show Satterwhite falsely warranting his ownership of almost one trillion shares in Microsoft. This is 100% impossible, as Jones brilliantly notes:
That is about 1,500 times more than company co-founder Bill Gates owns, and, in fact, more than the 8.4 billion shares Microsoft has issued in its 36-year history. Satterwhite’s filings on Exxon Mobil, City National Bancshares and other companies claim similar-sized stakes, which exceed the number of shares outstanding at those companies.
Ladies and gentlemen, a scandal far larger than Bernie Madoff has just been uncovered and this is one element of a much crazier narrative.
Satterwhite told Jones he filed these false documents for a “group of individuals” that “don’t want it known who they are”. This is apparently no issue for criminally negligent officials at the SEC; Satterwhite said no one at the SEC ever questioned his blatantly untrue assertions.
In light of these developments, several elements of the dismissed multi-trillion dollar CMKM Diamonds lawsuit – exclusively pertaining to allegations of a naked short selling tsunami under the SEC’s watch – no longer sound like they’re from Mars. Vindication should now also emerge for the hardworking staff over at Deep Capture.
Meanwhile, later in Jones’ Pulitzer Prize-worthy report, he refers to an even murkier SEC scandal; this one dates back to 2005 and involves former heads of governments and a former Federal Reserve chairman:
[A] Canadian company called Apollo Publication Corp. filed to go public in a $3.6 billion offering it hoped would fund its ambitions to found an ‘Imperial of Earth’ with one language, one culture and one currency. The company claimed a star-studded board that included a former Canadian Prime Minister, several former U.S. presidents and ‘Al Greenspan.’ The SEC later alleged that Apollo Publication had misled investors.
Imperial of Earth sounds like it is from the circus of New World Order commentary. Beyond that – and more importantly – it also reeks of high treason against the Constitution of the United States.
I would like to applaud Dow Jones Newswires and News Corporation – by extension, this also means Rupert Murdoch and his senior staff – for allowing Steven Jones to inform the public about unprecedented official corruption in the United States. Indeed, this also proves that high-quality American journalism still exists.
At this juncture, federal prosecutors must uphold their sworn duties: at the very least, criminal negligence charges against current and former officials at the SEC must be pursued in order to restore confidence in our collapsing financial system. Criminal charges must also be filed against former US Presidents and anyone else engaging in massive fraud – which is akin to ongoing financial terrorism – around the world.
Otherwise, the situations in Greece and Spain will soon emerge in every nation under God. Should we descend into such chaos, the fate of Pazzi bankers and their political cronies may fall upon similarly-situated people in the world today. I do not under any circumstances wish to see that happen, but it may if we do not act now.
Ke$ha is right: “This place about to blow!”
The better solution for the future of mankind is The Great American Renaissance; our success can be recreated in every nation that is willing to follow suit.
Shady central banks and widespread corruption at the highest levels of governments are a thing of the past; we have the ability, here and now, to move forward peacefully. So let’s do it already.
Here is the original article: (Link in Google Cache)
A spate of recent documents submitted by a Texan indicate nearly trillion- dollar stakes in some huge publicly traded companies, highlighting the open and unmonitored nature of the Securities and Exchange Commission filing process.
Since the beginning of the month, Johnny Earl Satterwhite has indicated huge holdings of Exxon Mobil Corp. (XOM), City National Bancshares Corp. (CYN) and other companies and securities in a series of SEC filings. Combined, the claimed investments are worth more than $8 trillion, according to the documents.
A Satterwhite filing on Tuesday claimed ownership of nearly a trillion shares of software maker Microsoft Corp. (MSFT). That is about 1,500 times more than company co-founder Bill Gates owns, and, in fact, more than the 8.4 billion shares Microsoft has issued in its 36-year history. Satterwhite’s filings on Exxon Mobil, City National Bancshares and other companies claim similar-sized stakes, which exceed the number of shares outstanding at those companies.
On Thursday, the spree of Satterwhite filings came to an end, when the 69 documents vanished from the SEC’s electronic filing system. An SEC spokesman said he was investigating the disappearance. Satterwhite didn’t respond to a request for comment.
The spate of now-vanished filings underscores the open nature of the SEC’s filing process. The agency receives thousands of documents daily and allows companies and individuals to file electronically through its Edgar system to speed the process. Securities lawyers say the SEC does little review of filings.
Earlier, an SEC spokesman declined to comment on Satterwhite or the filings.
Stephen Fox, a securities lawyer at Herrick, Feinstein in New York, said the SEC doesn’t conduct “substantive review” of filers, but he’s never seen anything like the Satterwhite filings before. Although the filings appear official, careful study of details — such as the number of shares owned — makes them ” look like a practical joke,” he said.
In a phone interview earlier in the week, Satterwhite said the filings were made on behalf of a group of individuals, whom he declined to identify. He said he doesn’t act as adviser to the group and has no connection with the companies they claim to be invested in.
“These people don’t want it known who they are,” Satterwhite said.
Satterwhite also said the SEC contacted him last week about one filing, but he said the official didn’t question the legality of the documents. “That never came up,” Satterwhite said of his conversation with the SEC official.
Questionable filings with the SEC are unusual but not unprecedented. Civil and criminal charges are possible for filing phony documents with the SEC, although it isn’t done often. “The crazier the people, the less likely criminal charges become,” saidStevenFeldman, a former federal prosecutor who served on the Securities and Commodities Fraud Task Force.
In 2005, a New Zealand-based company called King Win Laurel Ltd. filed documents stating its intention to pay $450 billion in cash for Exxon Mobil Corp. (XOM). It proposed using a combination of U.S. dollars and Chinese yuan — a currency rarely used outside of China — to pay for the acquisition. Exxon Mobil remains a standalone entity.
In the same year, a Canadian company called Apollo Publication Corp. filed to go public in a $3.6 billion offering it hoped would fund its ambitions to found an “Imperial of Earth” with one language, one culture and one currency. The company claimed a star-studded board that included a former Canadian Prime Minister, several former U.S. presidents and “Al Greenspan.”
The SEC later alleged that Apollo Publication had misled investors.
Satterwhite, 51 years old, made his first submission to the SEC on June 2 and picked up steam throughout the month. In addition to companies, the filings indicate large holdings in investment vehicles.
Satterwhite said he has lived in Texas most of his life and moved to Killeen about a year ago from San Antonio. He said he also is registered as a lobbyist with the federal government on behalf of the same group he represents in the SEC filings.
The filings list an address on the west side of Killeen in a neighborhood that sits between the Foot Hood Army base and the Robert Gray Army Airfield.
A neighbor described the area as working class and made up of mostly military families living in two- and three-bedroom apartments and rental homes. She said she doubted there were any millionaires living in the neighborhood.
Thanks for your attention.