First Written December 18, 2006
(Updated now that AIG has been given 165 billion taxpayer dollars, and I learned that San Diego County Office of Education JPA works with AIG.)
What happens when Titan Corporation goes to war, and its Insurance Company, AIG, doesn't want to pay for injured translators?
What does attorney Roger Levy of LAUGHLIN, FALBO, LEVY, & MORESI LLP (San Francisco, California) do when his client (TITAN CORPORTATION) doesn't want to provide medical treatment for seriously wounded contractors?
He tries to prove that being hit in the helmet with a bullet from friendly-fire, and being knocked unconscious immediately after with the butt of a friendly rifle, then being pulled unconsious out of a burning Humvee, and left in a tent without medical treatment, HAS NOTHING TO DO WITH SUBSEQUENT BLINDNESS AND HEARING LOSS. He claims that neither L-3 Titan Corporation nor AIG has any obligation to continue disability benefits or medical benefits for the wounded man.
This is exactly what is happening in the case of Mazin Al-Nashi of San Diego, who was injured in August 2003 while working as a translator in Iraq.
Mr. Tony Walker, AIG WorldSource's attorney (San Francisco, CA) is also helping these enormous corporations avoid the obligations to employees.
Where, then, do all the billions of dollars that taxpayers gave to TITAN (now known as L-3 Communications Titan Group), and, indirectly, to AIG, end up? Apparently, Levy and Walker think they should end up in the pockets of stockholders and CEOs who have risked nothing for America.
For more information, click on CASUALTY OF WAR.
The questioning of Mazin Al-Nashi by these lawyers during a hearing on October 23 and 24, 2006 before Administrative Judge Gee was so brutal that Mazin ended up in intensive care shortly afterward. Mazin had no legal representation.
See also: AIG executives begin spending $80 billion bailout money at California Resort
3 comments:
AIG doesn’t want to pay for injured translators, seriously wounded contractors, or any medical or disability benefits for the wounded man. For the same reason that AIG doesn’t want to pay victims of criminal activity committed by officials, administrators, teachers and staff of the San Diego County Office of Education, school districts in the county of San Diego, and school districts for the entire State of California. Including the city municipalities, San Diego District Attorney’s Office, California Attorney General and you name the public agency and AIG has their nose buried in it.
It is “cartel-like” no just in a national scale but international. http://www.publiclawgroup.com/test/pdf/marsharticle.pdf
Has anyone ever wondered by San Diego District Attorney Bonnie Dumanis and California Attorney Jerry Brown have NEVER investigated Daniel Shinoff law firm?
DANIEL SHINOFF WHO IS YOUR DADDY?
See Ms. Larkins what AIG is actually saying is that they need to continue to hand out, ““cash awards” that double or triple the salaries of some managers.” Why? So that they can continue to for the cover up and silence of criminal activity committed against American Citizens by insurers of AIG.
AIG, which received a U.S. rescue package of more than $152 billion, has been criticized for saying it will eliminate bonuses for senior executives while still planning to hand out “cash awards” that double or triple the salaries of some managers. The payments are designed to keep top employees at AIG while Liddy seeks to sell units and pay back the federal government, which owns 79.9 percent of AIG.
This is what AIG is telling US THE TAXPAYERS:
“We are indeed fortunate to have benefited from the assistance extended to us by the U.S. government and we are grateful for the support of American taxpayers,” Liddy wrote. “We would be doing a disservice to the taxpayer -- and would place AIG’s asset divestiture plan at risk -- if we did not act decisively to ensure that our key employees remain.” http://www.huffingtonpost.com/2008/12/09/aig-offering-executives-b_n_149784.html
Yes of course, of course what would AIG do without the loyalty of the cartel alliance, the brotherhood that swears loyalty to death? The cartel brotherhood needs the money to pay the gophers like Shinoff, devaney, Crosier, Woody, Winet, Dumanis, Jerry Brown’s campaign contributions, by the way how much did you get from AIG affiliates Jerry?
Why would AIG gophers like Daniel Shinoff settle claims of criminal activity if his MILLIONS and bonuses are made by denying claims right Crosier?
What is SDCOE motto Crosier? Deny EACH and EVERY CLAIM?
Yes Ms. Larking you got it MILLIONS OF TAX DOLLARS end up in the POCKETS of STOCKHOLDERS and CEO high SALARIES and BONUSES.
Ms. Larking you will be happy to know that the AMERICAN TAXPAYERS will be flipping the bill for the CARTEL bailout. Yes it will cost us $ 150 BILLION DOLLARS so that American International Group “AIG” can continue their criminal activity in America.
GOD BLESS AMERICA!!!!
http://topics.nytimes.com/topics/news/business/companies/american_international_group/index.html
American International Group was the largest insurance company in the United States before it suddenly collapsed in September 2008 under the weight of bad bets it made insuring mortgage-backed securities. The company was bailed out by the Federal Reserve, but even after that $85 billion infusion, losses continued to mount and in November the Treasury announced a new rescue package that brought the total cost to $150 billion.
American International Group
American International Group, Inc. ("AIG"), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
http://www.aig.com/employment-practices_20_6128.html
Employment Practices
Employment Practices Liability (EPL) Insurance
Employment Practices Liability (EPL) Insurance provides coverages in the broadest definition of employment practices violation, ground-breaking coverage for sexual harassment and discrimination against customers, clients and other non-employees.
http://topics.nytimes.com/topics/news/business/companies/american_international_group/index.html
American International Group was the largest insurance company in the United States before it suddenly collapsed in September 2008 under the weight of bad bets it made insuring mortgage-backed securities. The company was bailed out by the Federal Reserve, but even after that $85 billion infusion, losses continued to mount and in November the Treasury announced a new rescue package that brought the total cost to $150 billion.
Highlights From the Archives
A.I.G. May Get More in Bailout
By ANDREW ROSS SORKIN and MARY WILLIAMS WALSH
The Treasury Department and the Federal Reserve are nearing a deal to invest an additional $40 billion in American International Group, the giant insurer.
November 10, 2008BusinessNews
A.I.G. to Get Additional $37.8 Billion
By BARRY MEIER and MARY WILLIAMS WALSH
The aid comes in addition to the $85 billion line of credit the Fed gave the insurer last month.
October 9, 2008BusinessNews
Fed’s $85 Billion Loan Rescues Insurer
By EDMUND L. ANDREWS, MICHAEL J. de la MERCED and MARY WILLIAMS WALSH
Fearing a financial crisis, the Fed reversed course and agreed to bail out A.I.G. in the central bank’s most radical intervention.
September 17, 2008BusinessNews
The company's complex structure and aggressive approach reflects the determination of the man who built A.I.G., Maurice R. Greenberg, to create an global empire operating in complementary businesses. Not even the company’s annual reports to shareholders or its regulatory filings offer a chart of its complex corporate structure.
Though its name is American, the company is rooted in Asia. According to company lore, its founder, Cornelius Vander Starr, a World War I veteran, traveled to Asia with only 300 Japanese yen (less than $3 today) in his pocket and started the firm in Shanghai in 1919.
With a partner, he sold marine and fire insurance and expanded rapidly throughout the Philippines, Indonesia and China by hiring locals as agents and managers, a business strategy A.I.G. uses today. Nearly half of A.I.G.’s 116,000 direct employees — about 62,000 people — are in Asia.
Mr. Greenberg joined the company in 1960. He focused on making giant commercial deals, increasing its share of the life insurance business and writing what were, decades ago, unusual types of coverage, like insurance against kidnapping and protection from suits against a company’s officers and directors.
Mr. Greenberg resigned as chief executive after regulators sent a wave of subpoenas to the company; eventually A.I.G. restated earnings covering a five-year period. His successor tried to restore confidence in the company but his efforts did not meet with investor approval and he was replaced after the company announced that it lost $7.8 billion in 2008's first quarter..
In September the main financial ratings agencies made clear that they would downgrade A.I.G. ratings if the company were not able to raise more capital to back its obligations. A frantic scramble for investors was unsuccessful, leading a reluctant Fed to conclude that a bailout was unavoidable.
The new bailout announced in November included an easing of the terms for the cash infusion and a plan to use $50 billion in government funds to take the most toxic assets off of A.I.G.'s balance sheet.
Shawn Thew/European Pressphoto Agency
Martin Sullivan, former chief of the American International Group, testified on Capitol Hill in October.
http://www.nytimes.com/2008/11/10/business/economy/10aig.html?_r=1
The Bush administration was overhauling its rescue of the American International Group
The Treasury Department and the Federal Reserve were near a deal to abandon the initial bailout plan and invest another $40 billion in the company, these people said. The government created an $85 billion emergency credit line in September to keep A.I.G. from toppling and added $38 billion more in early October when it became clear that the original amount was not enough.
When the restructured deal is complete, taxpayers will have invested and lent a total of $150 billion to A.I.G., the most the government has ever directed to a single private enterprise. It is a stark reversal of the government’s assurance that its earlier moves had stabilized A.I.G.
The new deal would make the government a long-term investor in A.I.G., something that Treasury Secretary Henry M. Paulson Jr. had said he hoped to avoid. As part of the revamping, the government would lower the loan amount to $60 billion from $85 billion, lengthen the payment schedule to five years from two years, and lower the interest rate.
Even as the government works to solidify A.I.G.’s finances, elected officials have been demanding a fuller accounting of the company’s business practices and executive pay structure. In October, the New York attorney general, Andrew M. Cuomo, reached an agreement forcing A.I.G. to freeze payments to former executives.
“I find it hard to conceive of situation that you could justify a performance bonus for management that virtually bankrupted the company,” Mr. Cuomo said after the agreement was made.
That agreement followed the revelation, in a hearing convened by Representative Henry A. Waxman, Democrat of California, that the former head of A.I.G.’s troubled financial products unit, Joseph J. Cassano, had been put on a retainer of $1 million a month after being dismissed in February.
Mr. Waxman, as well as Senator Charles E. Grassley, Republican of Iowa, have demanded that A.I.G. provide a more detailed accounting of its credit derivatives business
Stutz Artiano Shinoff & Holtz Company Profile
Stutz Artiano Shinoff & Holtz41593 Winchester Road 118Temecula, CA 92590-4858 Industry:Legal serviceRevenue:$1M - $10M in salesEmployees:1 - 50 employeesCompanies like Stutz Artiano Shinoff & Holtz:Freshfields Bruckhaus Deringer - Weil Gotshal & Manges Llp
Leslie E. Devaney, former San Diego executive assistant city attorney, will join Stutz Artiano Shinoff & Holtz as a shareholder. She will head the firm’s Government Relations/Municipal Law group. She began her career with the San Diego City Attorney’s in 1985 and after seven years, become a senior litigator for New York-based American International Group offices in San Diego. She rejoined the city attorney’s office in 1996 as executive assistant city attorney and resigned following her November 2004 loss to Mike Aguirre in the race for city attorney.
http://209.85.173.132/search?q=cache:pjurvKa_634J:www.sandiegometro.com/2005/mar/metro.php+American+international+group+%2B+daniel+shinoff&hl=en&ct=clnk&cd=13&gl=us&client=firefox-a
http://www.nbcsandiego.com/news/business/Report-Bailed-out-Firms-Also-Tax-Dodgers-.html
Report: Bailed-out Firms Also Tax Dodgers
Eighty-three of the nation's 100 largest corporations, including Citigroup, Bank of America and News Corp., had subsidiaries in offshore tax havens in 2007, and some of the companies received federal bailout funding, a government watchdog said Friday.
The Government Accountability Office released a report that said Bank of America Inc., Citigroup Inc. and Morgan Stanley all had more than 100 units in countries that maintain low or no taxes. The three financial institutions were included in the $700 billion financial bailout approved by Congress.
Insurance giant American International Group Inc., which has received about $150 billion in bailout money, had 18 subsidiaries. JPMorgan Chase & Co. had 50 units and Wells Fargo & Co. had 18; both financial institutions received government bailout money.
Sens. Carl Levin, D-Mich., and Byron Dorgan, D-N.D., who requested the report, have pushed for tougher laws to fight offshore tax havens around the globe. Levin, who leads the Senate Permanent Subcommittee on Investigations, has estimated abusive tax havens and offshore accounts cost the U.S. government at least $100 billion a year in lost taxes.
"I think we should take action to shut down these tax dodgers and we will be introducing legislation to do just that," Dorgan said.
http://www.nbcsandiego.com/news/business/500M-Buys-Four-Years-in-Prison.html
AIG VP Gets 4 Years For Fraud
What will $500 million get you? Four years in prison if you are a former executive of American International Group convicted in a fraud case that authorities say cost shareholders more than $500 million.
Christian Milton, 61, of Pennsylvania and four former executives of General Re Corporation were convicted last year of conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission.
Milton declined to comment during a hearing in Hartford federal court Tuesday. He was ordered to report to prison March 25. His lawyers said they're working on an appeal.
Judge Christopher Droney also fined Milton $200,000. Authorities expect him to be deported to his native England after he serves his sentence.
Related Stories
· Banks Rescue Will 'Make Things Worse': Rogers
Milton was AIG's vice president of reinsurance from 1982 until 2005.
Prosecutors said New York-based AIG paid Gen Re in a secret side agreement to take out reinsurance policies with AIG in 2000 and 2001, propping up AIG's stock price and inflating reserves by $500 million.
Copyright Associated Press
http://www.huffingtonpost.com/2008/12/09/aig-offering-executives-b_n_149784.html
AIG Offering Executives Bonuses Topping $4 Million
American International Group Inc., the insurer whose bonuses and perks are under fire from U.S. lawmakers, offered cash awards to another 38 executives in a retention program with payments of as much as $4 million.
The incentives range from $92,500 to $4 million for employees earning salaries between $160,000 and $1 million, Chief Executive Officer Edward Liddy said in a letter dated Dec. 5 to Representative Elijah Cummings. The New York-based insurer had previously disclosed that 130 managers would get the awards and that one executive would get $3 million.
“I remain concerned, as do many American taxpayers, that these retention payments are simply bonuses by another name,” Cummings said in letter responding to Liddy.
AIG, which received a U.S. rescue package of more than $152 billion, has been criticized for saying it will eliminate bonuses for senior executives while still planning to hand out “cash awards” that double or triple the salaries of some managers. The payments are designed to keep top employees at AIG while Liddy seeks to sell units and pay back the federal government, which owns 79.9 percent of AIG.
“We are indeed fortunate to have benefited from the assistance extended to us by the U.S. government and we are grateful for the support of American taxpayers,” Liddy wrote. “We would be doing a disservice to the taxpayer -- and would place AIG’s asset divestiture plan at risk -- if we did not act decisively to ensure that our key employees remain.”
The Berkeley Daily Planet
Book Alleges Mob Ties to Jerry Brown
By J. Douglas Allen-Taylor
Friday August 25, 2006
A book scheduled to be released next month revives decades-old charges that California attorney general candidate and Oakland Mayor Jerry Brown had close ties with individuals related to organized crime during Brown’s tenure in the 1970s as governor of California.
Written by respected investigative journalist Gus Russo and published by the American division of British publishers Bloomsbury, the book, Supermob—How Sidney Korshak and His Criminal Associates Became America’s Hidden Power Brokers, charges in part that during the 1970s, Brown took campaign contributions from mob figures and, in return, granted them political favors.
Russo has written several books on organized crime, including The Outfit: The Role of Chicago’s Underworld in the Shaping of Modern America, Live by the Sword: The Secret War Against Castro and the Death of JFK, and Gangsters and Goodfellas: The Mob, Witness Protection, and Life on the Run.
It is unclear what effect the release of the book will have on the November state attorney general’s race, where Brown has a comfortable lead both in the polls and in fund-raising over Republican challenger state Senator Chuck Poochigian. It does not appear that Bloomsbury is attempting to capitalize on the Brown allegations to sell the book; mention of Brown does not appear anywhere in the publisher’s publicity releases.
Ace Smith, a campaign consultant for the Brown campaign, called the allegations “wacky and nutty” and “laughably idiotic.” When the Daily Planet offered to fax the Brown campaign copies of the passages from Russo’s book that make reference to Brown, Smith said, “I don’t need to see any passages from the book to make a comment. This is like talking about Bigfoot or the Loch Ness monster. These allegations have about as much credibility as Al Capone’s vault.”
Kevin Spillane, a representative of the Poochigian campaign, had not heard of Russo’s book until called by the Daily Planet for comment. Spillane said that the Poochigian campaign “is declining comment at this time, until we’ve had time to take a look at the allegations and do our own independent research.”
In his upcoming book, Russo repeats
allegations that Brown ran for governor in 1974 with the help of several figures with alleged organized crime ties, including the powerful Hollywood attorney Sidney Korshak, whom the Bloomsbury book describes as “the underworld’s primary link to the corporate upperworld” and “according to the FBI, [the] player behind countless 20th century power mergers, political deals, and organized crime chicaneries.”
Korshak, who died in 1996 and is described by Russo as a “pal” of Brown’s father, Governor Pat Brown, has a thick online file on the Federal Bureau of Investigation’s website that alleges extensive ties to organized crime. Russo writes that a 1978 report on California’s Organized Crime Control Commission issued by then-California Attorney General Evelle Younger called Korshak “the key link between organized crime and big business … A U.S. Justice Department official has described Korshak as a ‘senior advisor’ to organized crime groups” in several states, including California.
“When Brown enlisted electronics mogul Richard Silberman … as his chief fund-raiser [for the 1974 campaign],” Russo writes in Supermob, “it quickly became apparent that the same Chicago money that had transformed California in the forties would continue to play a key role in the seventies. (Silberman would be convicted in a 1991 FBI drug-ring money-laundering scheme.) Thus, with a brilliant media campaign, massive contributions from the likes of Lew Wasserman, Jake ‘the Barber’ Factor, and later Sidney Korshak, Brown defeated [Republican State Controller Houston] Flournoy by 175,000 votes.”
In return, Russo alleges in his book that Brown gave favors back to alleged mob figures, including appointing the brother-in-law of Teamsters union leader and Korshak associate Edward Hanley as one of the directors of the California Agricultural Association, which Russo says “named the concessionaires at all the state’s racetracks and county fairs.”
Russo alleges that profits from these concessions were later “skimmed” off and sent to reported mob figures. In addition, Russo alleges that Brown once tried to close down the Hollywood Park racetrack as a favor to Korshak, who Russo says “was … trying to pave the way for an organized crime takeover of the facility.”
The racetrack allegations were so widely reported in California at the time that they later became the subject of a series of Doonesbury cartoons by Gary Trudeau. In one Doonesbury strip reprinted in Supermob, Trudeau depicts a reporter talking on the telephone to a Brown associate only named “Gray,” a reference to then-Jerry Brown Chief of Staff Gray Davis. “Let me get this straight, Gray—who exactly did Jerry solicit the contribution from?” the reporter asks. “A guy named Sidney Korshak,” ‘Gray’ answers. “He’s the local low-life, an alumnus from the Capone mob.”
Brown was quoted in Time Magazine in July of 1979 that he thought the Doonesbury cartoons were “false and libelous, but I’m flattered by the attention.”
When Gray Davis ran for governor in 1998, the San Francisco Chronicle made reference to the old allegations, with political reporter Robert Gunnison writing that “Brown … appointed [Davis] to the California Horse Racing Board in 1979. It was a particularly volatile time for the panel. Critics said he was appointed to help Service Employees International Union clerks during a strike at Golden Gate Fields. The union’s lawyer, Sidney Korshak, was alleged by the state attorney general to be an organized crime figure.”
In his upcoming book, Russo alleges that Korshak’s influence on California governors was not limited to Brown and his father, but also included Ronald Reagan. Russo also alleges that Korshak sought to help Brown achieve higher office past the California governship, writing that “Korshak’s Service Employees Union … dispatched workers and cars” to New Hamphsire in 1979 “to assist Brown’s effort” in the primary against Georgia Governor Jimmy Carter.
Some of Russo’s information concerning the allegations of the Brown-organized crime connection came from the Berkeley Daily Planet reporter Richard Brenneman, who wrote news articles on the issue in the 1970s while a reporter with the Santa Monica Evening Outlook. Brenneman is listed in the book as a source.
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