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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStratfor & Goldman Sachs started hedge fund called Stratcap to trade on illegal inside gov't info
http://wikileaks.org/the-gifiles.html"Stratfors use of insiders for intelligence soon turned into a money-making scheme of questionable legality. The emails show that in 2009 then-Goldman Sachs Managing Director Shea Morenz and Stratfor CEO George Friedman hatched an idea to "utilise the intelligence" it was pulling in from its insider network to start up a captive strategic investment fund. CEO George Friedman explained in a confidential August 2011 document, marked DO NOT SHARE OR DISCUSS : "What StratCap will do is use our Stratfors intelligence and analysis to trade in a range of geopolitical instruments, particularly government bonds, currencies and the like". The emails show that in 2011 Goldman Sachs Morenz invested "substantially" more than $4million and joined Stratfors board of directors. Throughout 2011, a complex offshore share structure extending as far as South Africa was erected, designed to make StratCap appear to be legally independent. But, confidentially, Friedman told StratFor staff : "Do not think of StratCap as an outside organisation. It will be integral... It will be useful to you if, for the sake of convenience, you think of it as another aspect of Stratfor and Shea as another executive in Stratfor... we are already working on mock portfolios and trades". StratCap is due to launch in 2012. "
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Stratfor & Goldman Sachs started hedge fund called Stratcap to trade on illegal inside gov't info (Original Post)
riverwalker
Feb 2012
OP
leveymg
(36,418 posts)1. Why do such incredibly stupid people get paid so much?
Or do they just prefer to do business with each other?
snagglepuss
(12,704 posts)9. Are you referring to the fact that they didn't encrypt their emails?
Oilwellian
(12,647 posts)2. And I wouldn't be surprised...
if those within the government who are sharing their information with Goldman, are heavily invested in the scam. How very cozy. It's time to find out who those House and Senate employees are. Where are the replies to this explosive scandal that's breaking?
riverwalker
(8,694 posts)3. the emails are just breaking
flooding the internet. I can't keep up. Incredible mind blowing stuff.
riverwalker
(8,694 posts)4. heres another: Banks illegal money laundering
http://wikileaks.org/gifiles/docs/1115826_re-us-bank-dirty-money-.html
Right. What i'm saying is that Wachovia ALONE handled ~$125 billion per
year in shady cash from Mexico from 2004-2007. And that doesn't even
count the money that stayed in cash, went to the Bahamas or stayed in
Mexico.
That makes the $40 bn per year stat seem pretty miniscule, no?
year in shady cash from Mexico from 2004-2007. And that doesn't even
count the money that stayed in cash, went to the Bahamas or stayed in
Mexico.
That makes the $40 bn per year stat seem pretty miniscule, no?
barbtries
(28,702 posts)5. jail the motherfuckers.
this cannot be legal. if it is, i don't know. it just makes me sick.
sakabatou
(42,082 posts)6. This should be looked into
pansypoo53219
(20,906 posts)7. how do we kill goldman sux?
and don't they OWE greece their ill gotten gains?
Sarah Ibarruri
(21,043 posts)8. This is a wonderful thing. I love Wikileaks. nt
snagglepuss
(12,704 posts)10. What sort of charges do they face?
ellisonz
(27,709 posts)11. Should be good reading...
Canuckistanian
(42,290 posts)12. Bookmarking for later
Damn, this looks good...
progressoid
(49,825 posts)13. Lets have a committee hearing!!!11!
Followed by a sternly written report.
That should fix it.
Fumesucker
(45,851 posts)14. Don't forget that Obama thinks we should look forward and not backward..
This seems a lot like looking backward, water under the bridge, no use crying about spilled milk and all that..
My guess is that this will go exactly nowhere.