DOCSLIB.ORG

Copyrighted Material

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Copyrighted Material Index ABN Amro 206 Association of Southeast Asian Nations Abramoff, Jack 225 (ASEAN) 64–5, 122, 132–3, Abu Dhabi 186, 223 135, 137 Adam Smith Institute 95 AT&T 163 Adidas 163 Australia 5, 9, 17, 117, 130, 226, African Growth and Opportunity 237 Act 78 economy 34, 54–5, 199, 244 AIG 203–4, 216 fi nance 177, 179, 202, 209, 214 Air Transport Association (ATA) 22 Foreign Investment Review Airbus Industrie 144 Board 142 Algeria 131 investments 142, 171 American Enterprise Institute 95 migration 8 Andean Community 72 trade 27, 31, 54–5, 58, 116, 129–30, Angell, Norman 28, 193 137 Angola 77 and China 60–1, 135 Apple 228 and GATT/WTO 118, 123 Argentina 5, 10, 17, 115, 204, 223 Austria 29, 41, 46, 48, 80, 105, 143, economy 73–4, 188 208, 218 fi nance 74, 102, 183, 192, 198, 214 Azerbaijan 79 trade 27, 31, 74, 112, 119, 126, 137 Armenia 79, 217 Bahrain 75, 129 ASEA Brown-Boveri (ABB) 159 banana dispute 126 ASEAN-India FreeCOPYRIGHTED Trade Agreement Banana Republic MATERIAL 163 (AIFTA) 135 Bangladesh 5, 10, 11, 18, 69, 134 Asia-Caribbean-Pacifi c (ACP) labor 222–6, 229 group 131 trade 70, 122, 126 The Contemporary Global Economy: A History Since 1980, First Edition. Alfred E. Eckes, Jr. © 2011 Alfred E. Eckes, Jr. Published 2011 by Blackwell Publishing Ltd. 290 Index Bank for International Settlements economy 36, 73, 187–8, 197 (BIS) 146, 166, 183–9, 194–6, fi nance 20, 83, 183 214, 242–3 investment 19, 73, 188 Bank Medici 208–9 labor 222–3 Bank of America 201, 206 state-owned enterprises 142, 153 banking 101, 109, 141, 167, 169, 173, trade 27, 73–4, 153, 232 224, 232 Bilateral/regional 72, 129, 132, deregulation 97–100, 176, 178, 137–8 180–1, 194 GATT/WTO 118–19, 123, 126 Great Depression 31, 93, 168–9, 213 Bremmer, Ian 142 Great Recession 47, 200–5, 209, Bretton Woods (NH) 34–5, 84, 90, 232–4, 243 91, 169–75, 179, 188, 190, 199, Japan 179, 185 216 Latin America 193–4 BRIC 57, 102, 245–6 offshore 186, 198 British Columbia Resources and Wriston 181–3 Investment Corporation 52 Barzini, Luigi 40 Brown, Gordon 209, 215 Basel Accords (1987) 185 Brunei 74, 130, 133 Basel Committee on Bank Buffett, Warren 185, 195, 201 Supervision 243 Bulgaria 41, 43, 207–8, 222 BBVA 208 Burma (Myanmar) 64, 65, 221, 223 Bear Stearns 205–6, 217 Bush, George H. W. 98, 148–9, 184 Beijing consensus 51, 102 Bush, George W. 98, 129, 196, 201, Belarus 46, 79, 80, 81, 217 214 Belgium 8, 45, 48, 226 business, international 14, 79, 87, Bell Canada 52 104–8, 139–65, 230 Benetton 163 see also multinational corporation Bergmann, Barbara R. 110 (MNC); transnational Bernanke, Ben 30, 217 corporation (TNC) “Big Bang” 178–9, 185 Byrd, Robert 126 Blair, Tony 43, 202 BMW 45–6, 160 Cai Fang 229 Boeing 22, 80, 113 Caisse de depot et placement du Bolivia 72, 101, 223 Quebec 210 Botswana 6 California Public Employees’ Bove, Jose 21 Retirement System 186 BP (British Petroleum) 45, 46, 141, Cambodia 64, 223, 226, 228 234 Camdessus, Michel 188, 190 Brazil 5, 10, 17, 36, 90, 102, 117, 140, Cameroon 221 214, 235 Canada 5, 9, 17, 34, 51–3, 61, 116, and BRICs 49, 57–8, 102, 139, 164, 117, 214, 241 245–7 fi nance 171, 179, 210, 246 and China 60–1 labor, sweatshop 226 Index 291 migration 8 health and safety issues 232–4 trade 31, 51, 53, 132, 137 labor 221, 228–9 bilateral/regional 61, 133–4, trade 116, 215, 243–5 142 trade negotiations 134–5 GATT/WTO 118, 123, 125, 126 China National Petroleum NAFTA 48, 52–3, 71, 128 Corporation 60, 142 Canon 147, 161, 185 Chrysler 216 capitalism 102, 193, 231 Churchill, Winston 28 criticisms of 27, 91–4 Cisco Systems 161 and former Communist Cisneros, Henry 200 countries 20, 59, 61, 68 Citibank 168, 173, 177, 180, 181–5, and Friedman 97 209 and Greenspan 98, 184 climate change 234–8 and Smith 87–8 Clinton, William J. 98, 194, 196 see also free market fi nance 81, 194 Caribbean Community subprime lending 200–1 (CARICOM) 137 industrial policy 98, 108–9, Carrefour 45, 69, 141, 164 148–9 Castro, Fidel 92 trade negotiations 129 Cato Institute 95 Club of Rome 145 Cayman Islands 186 Coca-Cola 158, 161 Central African Republic 6 Cold War 3, 14, 28, 35, 40–1, 48, 139, Central American Free Trade 140, 150, 160, 184, 239 Agreement (CAFTA) 72, 129, collateralized debt obligation 157 (CDO) 192, 209 Central and Eastern Europe 15, 79, collateralized mortgage obligation 207–8, 216 (CMO) 166 Chambers, John 161 Colombia 72, 129, 134, 137, 217 Chile 5, 10, 17, 97 Commodity Futures Modernization economy 8, 31, 74, 115, 180 Act (2000) 194 trade 27, 72, 74, 118 Commonwealth of Independent States trade negotiations 127, 129–33, (CIS) 79, 112 135–7 communications 3–4, 22–3, 26, 30, 73, China 5, 9, 17, 58–61, 114, 127, 222, 79, 91, 140, 213, 224 346 and fi nance 179, 207 and BRICs 245–6 and global business 11, 14, 23, 141, currency manipulation 243–4 143, 157, 160, 162, 165, 229, economy 58–61 239 foreign-currency reserves 18, 60, and Great Recession 213 197 and trade barriers 122, 132–3, 151, investment in 19, 59–60, 163–4 155 state-owned enterprises 60–1, and trade expansion 116 142 and Wriston 105 292 Index competitiveness 42, 48–9, 54, 62, 74, Denman, Roy 154 77, 148, 149, 154 Denmark 41, 43, 48, 143, 237 and banks 180 deregulation 4, 11, 49, 84–5, 95, 106, and China 134 109, 148, 221 and Japan 109, 147 and Europe 42 and Korea 137 fi nance 174–6, 178, 179, 181, 187–8, and Reagan 108–9, 148–9 194, 203 and World Economic Forum 48–9, and Friedman 97 54, 77 and Gramm 100, 194 Comprehensive Economic labor 221 Partnership 133 and Reagan 20, 97, 176 Comprehensive Economic and Trade and Sachs 100 Agreement (CETA) 134 and Smith 88 Congo, Democratic Republic of 6, 77, and Thatcher 42, 176 221 derivatives 99–100, 175, 194–5, 203, convertibility, capital-account 101, 210 170, 187–8 Deutsche Post AG 141 Costa Rica 72, 134, 135, 217 developing world 57–84, 138, 219, cotton subsidies 126 240, 244–5 Council on Competitiveness 109 economic growth 27, 240 Countrywide Financial 201, 203 economic nationalism 92, 143, 145, credit default swap (CDS) 203–5 172 credit standards 202–5, 242 in GATT/WTO 124 crime 224, 228, 240 literacy 6, 240 Cuba 102, 223 market opening 115, 190 currency reserves 16–18, 59–60, 76, migration 11 82, 199 population 14, 20 current account 16, 196 developmental state 32, 58, 62, 68, 73, defi cits (CAD) 16, 18, 51, 80, 116, 90, 92–3, 114, 118 195–9, 208, 229, 243–5 direct investment see foreign direct Cyprus 41 investment (FDI) Czech Republic 6, 10, 15, 18, 41, 43, Dodd, Chris 201, 242 44, 80, 87 Dodd-Frank Act (2010) 242 Doha Round 123–5, 127, 132, 134, Da Silva, Lula 137 215 Daimler see Mercedes Dominican Republic 72, 107, 129, 223 De Gaulle, Charles 144, 173 Dresdner Bank 178 debt bondage 220, 223, 225 Drucker, Peter 3, 21, 105–7, 110, 112, de-globalization 28, 167 158 Dekker, Wisse 155 Dudack, Gail 192 Dell 228 Dunlap, Albert 158 Delors, Jacques 42, 188 DuPont 143, 163 Deng Xiaoping 90 Duranty, Walter 32 Index 293 East Asia 5, 9, 17, 48, 92, 138 Embraer 73 economy 7, 20–1, 27, 37, 58–64 Engels, Friedrich 90–1 fi nance 81–2 environment, natural 21, 52, 65, 95, trade 15, 16, 58–64, 112, 130, 132 124, 135–6, 144–5, 224 East Asian Miracle 58 climate change 234–8 economic growth 6–7, 27, 28, 74, 101 Ericsson 163 and central planning 92 Eritrea 223 developing countries 6–7, 140 Estonia 41, 43, 80, 207, 222 East Asia 7, 62, 66, 92–3 euro 83, 103, 199, 211, 218, 221, 230, Eastern Europe 7, 79, 82 241, 246 gross domestic product (GDP) 7, euro area 5, 9, 15, 17, 47, 49, 51, 211, 17, 114 218, 230, 246 gross domestic product per “Euro sclerosis” 42, 144 capita 7, 9, 27 eurodollar market 106, 171, 173, 182 and G-20 214 Euro-Mediterranean Free Trade Area and IMF 188 (EMFTA) 131 and laissez faire 85–6, 175, 188 Euronext 192 and Smith 85–6 European–American Business Council see also individual countries (EABC) 45 economic integration 14–18, 36, 38, European Central Bank (ECB) 42, 43, 130, 139, 156 47, 214, 216–17 Asia, East 64 European Commission 42, 44, 65, 130, Asia, South 68 154, 178, 188, 241 Asia, Southeast 64–5 European Community 120–1, 150, and business 139, 156, 159, 162, 173, 177 164 see also European Economic Central and Eastern Europe 79, 83 Community; European Union China 134–5 European Economic Community India 135 (EEC) 34, 41, 143 Japan 55–6 see also European Community; Latin America 71, 72 European Union North America 48–53 European Free Trade Association Oceania 54–5 (EFTA) 134, 143 Western Europe 40–8, 130, 143, European Recovery Program 171 154, 156, 159 European Round Table of see also fi nancial integration; trade Industrialists 42, 125, 154, 156 negotiations European Union (EU) 40–8, 117, 161 Economic Policy Institute 50 fi nance 46 economists, fi nancial 99, 176 Great Recession 47–8, 211–15, 217, Ecuador 62, 72, 137 241 Egypt 5, 8, 10, 17, 76, 92, 131 Lisbon Treaty 43 El Salvador 217 Maastricht Treaty 41–2 Electrolux 151 membership 41–2 294 Index European Union (EU) (cont’d) fi nancial crisis (2007–10) see Great migration 8 Recession (2007–10) trade 44–6, 112–16, 142, 232–3 fi nancial integration 166, 174–80, negotiations 121, 123, 125, 184–90, 191–4, 207–12, 130–4, 136–7 246 WTO 125–6 Financial Stability Board 214, 243 see also European Community; Fingleton, Eamonn 60 European Economic Finland 41, 48, 80 Community Fisher, Irving 99 export-led growth 15, 16, 61, 68, 109, Fitch Ratings 203 114, 197, 198, 243 Flextronic 161 export-processing zone 114, 226 forced labor 220–3, 225, 240 exports 14, 114–17, 141–2, 178, 186, see also human traffi cking 191 Ford Motor Company 79, 141, 143, agriculture 69, 112, 114, 124 153, 159 developing countries 56–83, foreign direct investment
Load more

Recommended publications
  • Merging the SEC and CFTC - a Clash of Cultures
    Florida International University College of Law eCollections Faculty Publications Faculty Scholarship 2009 Merging the SEC and CFTC - A Clash of Cultures Jerry W. Markham Florida International University College of Law Follow this and additional works at: https://ecollections.law.fiu.edu/faculty_publications Part of the Banking and Finance Law Commons Recommended Citation Jerry W. Markham, Merging the SEC and CFTC - A Clash of Cultures, 78 U. Cin. L. Rev. 537, 612 (2009). This Article is brought to you for free and open access by the Faculty Scholarship at eCollections. It has been accepted for inclusion in Faculty Publications by an authorized administrator of eCollections. For more information, please contact [email protected]. +(,121/,1( Citation: Jerry W. Markham, Merging the SEC and CFTC - A Clash of Cultures, 78 U. Cin. L. Rev. 537 (2009) Provided by: FIU College of Law Content downloaded/printed from HeinOnline Tue May 1 10:36:12 2018 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnline's Terms and Conditions of the license agreement available at https://heinonline.org/HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: Copyright Information Use QR Code reader to send PDF to your smartphone or tablet device MERGING THE SEC AND CFTC-A CLASH OF CULTURES Jerry W. Markham* I. INTRODUCTION The massive subprime losses at Citigroup, UBS, Bank of America, Wachovia, Washington Mutual, and other banks astounded the financial world. Equally shocking were the failures of Lehman Brothers, Merrill Lynch, and Bear Steams.
    [Show full text]
  • Hedge Funds: Due Diligence, Red Flags and Legal Liabilities
    Hedge Funds: Due Diligence, Red Flags and Legal Liabilities This Website is Sponsored by: Law Offices of LES GREENBERG 10732 Farragut Drive Culver City, California 90230-4105 Tele. & Fax. (310) 838-8105 [email protected] (http://www.LGEsquire.com) BUSINESS/INVESTMENT LITIGATION/ARBITRATION ==== The following excerpts of articles, arranged mostly in chronological order and derived from the Wall Street Journal, New York Times, Reuters, Los Angles Times, Barron's, MarketWatch, Bloomberg, InvestmentNews and other sources, deal with due diligence in hedge fund investing. They describe "red flags." They discuss the hazards of trying to recover funds from failed investments. The sponsor of this website provides additional commentary. "[T]he penalties for financial ignorance have never been so stiff." --- The Ascent of Money (2008) by Niall Ferguson "Boom times are always accompanied by fraud. As the Victorian journalist Walter Bagehot put it: 'All people are most credulous when they are most happy; and when money has been made . there is a happy opportunity for ingenious mendacity.' ... Bagehot observed, loose business practices will always prevail during boom times. During such periods, the gatekeepers of the financial system -- whether bankers, professional investors, accountants, rating agencies or regulators -- should be extra vigilant. They are often just the opposite." (WSJ, 4/17/09, "A Fortune Up in Smoke") Our lengthy website contains an Index of Articles. However, similar topics, e.g., "Bayou," "Madoff," "accountant," may be scattered throughout several articles. To locate all such references, use your Adobe Reader/Acrobat "Search" tool (binocular symbol). Index of Articles: 1. "Hedge Funds Can Be Headache for Broker, As CIBC Case Shows" 2.
    [Show full text]
  • Legal Acts and Omissions That Facilitated the Global Financial Crisis Jennifer S
    Enablers of Exuberance Jennifer S. Taub Sept. 4, 2009 DISCUSSION DRAFT Enablers of Exuberance: Legal Acts and Omissions that Facilitated the Global Financial Crisis Jennifer S. Taub1 I. Introduction This paper explores certain legal acts and omissions that facilitated the over-leveraging and near collapse of the global financial system. These ―Legal Enablers‖ fostered the boom that enriched a class of financial intermediaries who followed a storied tradition of gambling away ―other people‘s money.‖2 These mechanisms also made the pain of the bust disproportionately felt by the middle class and poor while shielding the middlemen who created the problems. These legal Enablers permitted the growth of a shadow banking system, without investment limits, transparency or government oversight. In the shadows grew a variety of highly leveraged private investment pools, undercapitalized conduits of securitized loans and speculation in complex credit derivatives. The rationale for allowing this unregulated, parallel system was that it helped to create innovation and provide liquidity. The conventional wisdom was that any risks associated with a hands-off approach could be managed by the ―invisible hand‖3 of the market. In other words, instead of public police, it relied upon private gatekeepers. A legal framework including legislation, rules and court decisions supported this system. This legal structure depended upon corporate managers, counterparties, ―sophisticated investors‖ and the market generally to prevent irrational conduct. 4 The hands-off approach was premised upon a series of beliefs or expectations. The first was that corporate managers would not sacrifice long-term shareholder value for short-term gains. The second was that trading counterparties would monitor each other closely and discourage excessive risk.
    [Show full text]
  • UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT of NEW YORK ------X : SECURITIES INVESTOR PROTECTION : CORPORATION, :
    12-01700-smb Doc 57 Filed 12/18/14 Entered 12/18/14 15:43:27 Main Document Pg 1 of 52 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x : SECURITIES INVESTOR PROTECTION : CORPORATION, : : Plaintiff-Applicant, : : v. : : SIPA Liquidation BERNARD L. MADOFF INVESTMENT : SECURITIES LLC, No. 08-01789 (SMB) : (Substantively Consolidated) : Defendant. : : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x In re : : BERNARD L. MADOFF, : : Debtor. : : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x ORDER CONCERNING FURTHER PROCEEDINGS ON EXTRATERRITORIALITY MOTION AND TRUSTEE’S OMNIBUS MOTION FOR LEAVE TO REPLEAD AND FOR LIMITED DISCOVERY WHEREAS: A. In certain adversary proceedings in this Liquidation pursuant to the Securities Investor Protection Act (“SIPA”), the United States District Court for the Southern District of New York, the Honorable Jed S. Rakoff, entered Orders, items number 97 and 167 on the docket of 12 mc 115 (JSR), in which he withdrew the reference pursuant to 28 U.S.C. § 157(d) to determine whether SIPA and/or the Bankruptcy Code as incorporated by SIPA apply extraterritorially, permitting the Trustee to avoid initial transfers that were received abroad or to recover from initial, immediate or mediate foreign transferees (the "Extraterritoriality Issue"). 12-01700-smb Doc 57 Filed 12/18/14 Entered 12/18/14 15:43:27 Main Document Pg 2 of 52 B. The Order entered as item number 167 on the docket of 12 mc 115 (JSR) (the “Consolidated Briefing Order”) provided for a consolidated motion to dismiss related to the Extraterritoriality Issue. C. The Consolidated Briefing Order directed the defendants that had sought withdrawal of the reference for the District Court to determine the Extraterritoriality Issue (the “Extraterritoriality Defendants”) to file a single consolidated motion to dismiss pursuant to Fed.
    [Show full text]
  • Unicredit S.P.A. 2008 Reports and Accounts and Reports 2008 S.P.A
    UniCredit S.p.A. 2008 Reports and Accounts UniCredit S.p.A. 2008 Reports and Accounts www.unicreditgroup.eu At UniCredit Group we are aware that our business activities have an impact on the environment, and always factor environmental sustainability into our strategic decisions. In 2009 the greenhouse gas emissions associated with the paper used for the publication of 2008 Consolidated Reports and Accounts and Sustainability Report have been offset by a contribution to a biomass-fueled district heating plant in Italy (Valtellina). The offsets for the 2008 Consolidated Reports and Accounts and Sustainability Report were executed in association with AzzeroCO2 UniCredit Italian Joint Stock Company Registered Office: Rome, Via A. Specchi, 16 Pictures General Management: Milan, Piazza Cordusio Registration number in the Rome Trade and Companies Register, Cover, sorter pages and Top Manager Tax Code and VAT No. 00348170101 Entered in the Register of Banks Courtesy Ferruccio Torboli (UniCredit Group) Parent Company of the UniCredit Banking Group Banking Group Register No. 3135.1 Member of the Interbank Deposit Protection Fund Capital Stock: e 7,170,400,150.00 fully paid in Printed on certified recycled chlorine-free paper. Our Commitment is Our Strength 2008 was a year that posed significant challenges to the global economy, to the financial services industry and to our business. To date, our business model remains sound, and our outlook is positive for our future operations. We remain positive because we know that we can count on our greatest strength. It is our solid and rigorous commitment - to our customers, to our people, to our investors, to the communities we serve, to our core values, to culture, to quality in everything we do, and to the sustainable success of our enterprise.
    [Show full text]
  • Report of the Administrator for the Period from 1 November 2002 to 31 May 2003
    HSBC 0084503 09-01364-smb Doc 527-6 Filed 05/29/19 Entered 05/29/19 17:25:44 Exhibit 1 - Part 6 Pg 1 of 268 asia^^a^fea* P rtm e REPORT OF THE ADMINISTRATOR FOR THE PERIOD FROM 1 NOVEMBER 2002 TO 31 MAY 2003 Select Dollar Fund Net assets increased from US$305,705,225.24 to US$352^838,324.36 during the period under review. The net asset value per share increased from US$23.25 to US$23.80 during the same period, representing an increase of 2.37%. As at 31 May 2003 the Fund had a holding in Madoff representing 98.62 % of total net assets,and a holding in The Capital Invest Dollar Cash Fund representing 2.47% of total net assets with accruals, deferred subscriptions and cash representing (1.09)%. There were 5 transfers to the Bernard L. Madoff broker account and 5 trades on The Capital Invest Dollar Cash Fund during the period. Select Euro Fund Net assets increased from Euro 76,392,263.21 to Euro 121,664,384.81 during the period under review. The net asset value per share increased from Euro 25.95 to Euro 26.56 during the same period, representing an increase of 2.35%. As at 31 May 2003 the Fund had 1 holding representing 86.89% of total net assets, with accruals, deferred subscriptions and cash representing 13.11%. There were 16 trades during the period. Shareholder Overview Select Fund The number of shareholders increased from 183 to 231 during the period under review.
    [Show full text]
  • WT/TPR/OV/W/2 15 July 2009 ORGANIZATION (09-3440) Trade Policy Review Body
    WORLD TRADE WT/TPR/OV/W/2 15 July 2009 ORGANIZATION (09-3440) Trade Policy Review Body REPORT TO THE TPRB FROM THE DIRECTOR-GENERAL ON THE FINANCIAL AND ECONOMIC CRISIS AND TRADE-RELATED DEVELOPMENTS1 1. This Report reviews trade-related developments in the period from 1 March to 19 June 2009. 2. The sharp contraction of the global economy that began in the second half of 2008 and accelerated into the first quarter of 2009 appears to be slowing down. However, the economic situation is fragile and prospects are still uncertain throughout all regions of the world. The financial crisis was concentrated in the developed countries and its effects have been felt most severely there, but the subsequent collapse of aggregate demand in those countries is still working its way through the global economy. Because of the continuing downside risks, the WTO Secretariat has revised its forecast of world merchandise trade in 2009 from a decline in volume of 9 per cent to a decline of 10 per cent. Exports of developed economies are now forecast to fall this year by roughly 14 per cent; the decline for developing economies is expected to be about 7 per cent. Trade in services has been more resilient so far than merchandise trade. Developing countries remain vulnerable to further worsening of the contraction of both international finance and international trade, falling world prices for export commodities, declining FDI, reductions in earnings from remittances and uncertainty over future ODA flows. This is leading to an exceptionally difficult situation for low-income countries that do not have the economic or social safety nets available to withstand such shocks.
    [Show full text]
  • DECLARATION of S. Douglas Bunch in Opposition Re
    Repex Ventures S.A v. Madoff et al Doc. 324 Att. 2 EXHIBIT B Dockets.Justia.com BAKER & HOSTETLER LLP 45 Rockefeller Plaza New York, New York 10111 Telephone: 212.589.4200 Facsimile: 212.589.4201 David J. Sheehan Timothy S. Pfeifer Keith R. Murphy Denise D. Vasel Marco Molina George Klidonas Attorneys for Irving H. Picard, Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: No. 08-01789 (BRL) BERNARD L. MADOFF INVESTMENT SECURITIES LLC, SIPA Liquidation Debtor, (Substantively Consolidated) In re: BERNARD L. MADOFF, Debtor, IRVING H. PICARD, Trustee for the Liquidation of Adv. Pro. No. 10-_____ (BRL) Bernard L. Madoff Investment Securities LLC, Plaintiff, v. SONJA KOHN a/k/a SONJA BLAU KÔHN a/k/a RICO CASE STATEMENT SONJA BLAU a/k/a SINJA KÔHN a/k/a SINJA BLAU a/k/a SINJA TÜRK, ERWIN KOHN, NETTY BLAU, ROBERT ALAN KOHN, RINA HARTSTEIN (NÉE KOHN), MOISHE HARTSTEIN, - 1 - MORDECHAI LANDAU, ERKO, INC., EUROVALEUR, INC., INFOVALEUR, INC., TECNO DEVELOPMENT & RESEARCH S.R.L., TECNO DEVELOPMENT & RESEARCH LTD., SHLOMO (MOMY) AMSELEM, HASSANS INTERNATIONAL LAW FIRM, HERALD ASSET MANAGEMENT LTD., 20:20 MEDICI AG f/k/a BANK MEDICI AG, PETER SCHEITHAUER, ROBERT REUSS, UNICREDIT BANK AUSTRIA AG, GERHARD RANDA, STEFAN ZAPOTOCKY, BANK AUSTRIA WORLDWIDE FUND MANAGEMENT LTD., URSULA RADEL- LESZCZYNSKI, UNICREDIT S.P.A., ALESSANDRO PROFUMO, PIONEER GLOBAL ASSET MANAGEMENT, S.P.A., et al., Defendants. PLAINTIFF’S RICO CASE STATEMENT Plaintiff Irving H. Picard (the “Trustee”), as Trustee for the liquidation of the business of BLMIS and the substantively consolidated estate of Madoff under the Securities Investor Protection Act, 15 U.S.C.
    [Show full text]
  • 212.589.4201 David J. Sheehan Timothy S
    Baker & Hostetler LLP 45 Rockefeller Plaza New York, NY 10111 Telephone: 212.589.4200 Facsimile: 212.589.4201 David J. Sheehan Timothy S. Pfeifer Keith R. Murphy Denise D. Vasel Marco Molina George Klidonas Attorneys for Irving H. Picard, Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES INVESTOR PROTECTION CORPORATION, SIPA LIQUIDATION Plaintiff-Applicant, No. 08-01789 (BRL) v. (Substantively Consolidated) BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. In re: BERNARD L. MADOFF, Debtor, IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Adv. Pro. No. [________] (BRL) Plaintiff, v. COMPLAINT SONJA KOHN a/k/a SONJA BLAU KÔHN a/k/a SONJA BLAU a/k/a SINJA KÔHN a/k/a SINJA BLAU a/k/a SINJA TÜRK, ERWIN KOHN, NETTY BLAU, ROBERT ALAN KOHN, RINA HARTSTEIN (NÉE KOHN), MOISHE HARTSTEIN, MORDECHAI LANDAU, ERKO, INC., EUROVALEUR, INC., INFOVALEUR, INC., TECNO DEVELOPMENT & RESEARCH S.R.L., TECNO DEVELOPMENT & RESEARCH LTD., SHLOMO (MOMY) AMSELEM, HASSANS INTERNATIONAL LAW FIRM, HERALD ASSET MANAGEMENT LTD., 20:20 MEDICI AG f/k/a BANK MEDICI AG, PETER SCHEITHAUER, ROBERT REUSS, UNICREDIT BANK AUSTRIA AG, GERHARD RANDA, STEFAN ZAPOTOCKY, BANK AUSTRIA WORLDWIDE FUND MANAGEMENT LTD., URSULA RADEL- LESZCZYNSKI, UNICREDIT S.P.A., ALESSANDRO PROFUMO, PIONEER GLOBAL ASSET MANAGEMENT, S.P.A., et al., Defendants. TABLE OF CONTENTS DEFENDANT MEMBERS OF THE MEDICI ENTERPRISE ................................... 1 THE ILLEGAL SCHEME AND THE MEDICI ENTERPRISE ................................ 5 The Illegal Scheme ............................................................................................................ 5 The Medici Enterprise...................................................................................................... 6 The RICO Violations .......................................................................................................
    [Show full text]
  • 10-05411-Brl Doc 98 Filed 04/06/12 Entered 04/06/12 18:07:27 Main Document Pg 1 of 126
    10-05411-brl Doc 98 Filed 04/06/12 Entered 04/06/12 18:07:27 Main Document Pg 1 of 126 Baker & Hostetler LLP 45 Rockefeller Plaza New York, NY 10111 Telephone: 212.589.4200 Facsimile: 212.589.4201 David J. Sheehan Timothy S. Pfeifer Keith R. Murphy Denise D. Vasel Marco Molina A. Mackenna Mosier Brian F. Allen Attorneys for Irving H. Picard, Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES INVESTOR PROTECTION CORPORATION, SIPA LIQUIDATION Plaintiff-Applicant, v. No. 08-01789 (BRL) BERNARD L. MADOFF INVESTMENT (Substantively Consolidated) SECURITIES LLC, Defendant. In re: BERNARD L. MADOFF, Debtor, IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Adv. Pro. No. 10-05411 (BRL) Plaintiff, v. SONJA KOHN, ERWIN KOHN, NETTY BLAU, AMENDED RICO CASE ROBERT ALAIN KOHN a/k/a AVRAHAM ZE’EV STATEMENT KAHAN, RACHEL KOHN, RINA HARTSTEIN - 1 - 10-05411-brl Doc 98 Filed 04/06/12 Entered 04/06/12 18:07:27 Main Document Pg 2 of 126 (NÉE KOHN), MOISHE HARTSTEIN, MORDECHAI LANDAU, YVONNE LANDAU (NÉE KOHN), MICHAEL KOHN, NICOLE HERZOG (NÉE KOHN), ERKO, INC., WINDSOR IBC, INC., EUROVALEUR, INC., INFOVALEUR, INC., YAKOV LANTZITSKY, TECNO DEVELOPMENT & RESEARCH S.R.L., I- TECHNOLOGY SOLUTIONS, INC., RENATO FLORIO, MARIADELMAR RAULE, TECNO DEVELOPMENT & RESEARCH LTD., SHLOMO (MOMY) AMSELEM, HERALD ASSET MANAGEMENT LTD., FRANCO MUGNAI, PAUL DE SURY, DANIELE COSULICH, 20:20
    [Show full text]
  • Cuaderno De Documentacion
    SECRETARIA DE ESTADO DE ECONOMÍA, MINISTERIO SECRETARÍA GENERAL DE POLÍTICA ECONÓMICA DE ECONOMÍA Y ECONOMÍA INTERNACIONAL Y HACIENDA SUBDIRECCIÓN GENERAL DE ECONOMÍA INTERNACIONAL CUADERNO DE DOCUMENTACION Número 86-23º (alcance) ¡Feliz año 2009! Alvaro Espina Vocal Asesor 30 Diciembre de 2008 (14 horas) CD 86-23º de alcance 30 de Diciembre de 2008 [A] “Los sistemas de propiedad no son autónomos, sino que dependen en su definición de toda una constelación de procedimientos legales, civiles y penales. La evolución de la legalidad tampoco puede ser contemplada como algo derivado del sistema de precios. Los jueces y la policía deben ser remunerados, pero el sistema mismo desaparecería si estos agentes tuvieran que estar vendiendo en cada momento sus servicios y decisiones. De modo que la definición de los derechos de propiedad, basados en el sistema de precios, depende precisamente de la no-universalidad del sistema de precios y de propiedad privada. El sistema de precios no es universal, y probablemente en un sentido profundo no puede serlo. En la medida en que es un sistema incompleto debe estar complementado por un contrato social, implícito o explícito”. [B] “Con independencia de nuestras teorías omnicomprensivas acerca del mercado, los economistas debemos reconocer que hay bienes que podrían ser comprados y vendidos, pero que no lo son. Pueden aducirse muchos ejemplos. Las decisiones judiciales y los votos no pueden ir hacia el mejor postor. Los individuos no pueden renunciar a ciertos derechos legales. Los valores que se ofrecen a la venta en el mercado tienen que respetar, entre otras, la regulación sobre transparencia: no está permitido ofrecer valores sin proporcionar esa información, incluso cuando lo que se notifica al comprador es que tales valores no respetan la regulación.
    [Show full text]
  • AFFIDAVIT of Albert Y. Chang in Support Re: 191 JOINT MOTION To
    Repex Ventures S.A v. Madoff et al Doc. 193 Att. 2 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ____________________________________ In re HERALD, PRIMEO and THEMA ) Civil Action No. 09 CIV 289 (RMB) (HBP) FUNDS SECURITIES LITIGATION, ) (Consolidated with 09 CIV 2032 and ) 09 CIV 2558) This Document Relates To: ) ) ECF Case Repex Ventures, S.A., etc. v. ) Bernard L. Madoff, et al. ) ____________________________________ ) In re HERALD, PRIMEO and THEMA Civil Action No. 09 CIV 289 (RMB) (HBP) FUNDS SECURITIES LITIGATION, (Consolidated with 09 CIV 2032 and 09 CIV 2558) This Document Relates To: ECF CASE Repex Ventures, S.A., etc. v. Bernard L. Madoff, et al. JURY TRIAL DEMANDED [PROPOSED] THIRD AMENDED CLASS ACTION COMPLAINT JURY TRIAL DEMANDED Dockets.Justia.com TABLE OF CONTENTS I. SUMMARY OF THE ACTION......................................................................................... 7 II. PARTIES .......................................................................................................................... 16 A. Plaintiffs............................................................................................................................ 16 B. The Herald Defendants ..................................................................................................... 16 C. The Bank Medici Defendants ........................................................................................... 20 D. S. Kohn’s Husband and Her Sham New York Businesses ............................................... 23 E.
    [Show full text]