What percent of lawyers facilitate or ignore white-collar crime?
We can dramatically reduced or almost eliminate that percentage. This site introduces the concept of Federal regulation of lawyers using a model currently applied to the futures industry. The model has proven to be successful over the past 30 years and is easily adapted to regulating all lawyers. If site content stimulates an inner prompting to do something constructive, please pass it along to anyone that can use the ideas offered.
New York Grievance Committee is Being Sued 10-30-07
How Does Our Current Regulatory System Facilitate
White Collar Crime?
Let me begin by sharing two hypothetical scenarios with you. Assume you get involved with futures. After a few months, you have reason to believe that your advisor has been financially exploiting you. You can file a complaint with the National Futures Association http://www.nfa.futures.org. They immediately act. If your complaint has merit, regulators fine and reprimand the representative and probably the sponsoring firm. You also get your money. Actions of the representative become public record, so other people are semi-protected. When filing a reparations claim (financial claim against an industry professional) with the CFTC, they provide a specific form to use. They also help you submit supporting documentation. You do not necessarily need an attorney. Regulators investigate your claim and give both sides to a Judge. Within eight months, a judge renders a decision. Assume that the decision is in your favor and the defendant ignores the court order to pay you. Regulators suspend their license until you are paid. A recent news brief from the NFA reads as follows.
NFA distributes $1 million in restitution payments to defrauded investors
As a result of a judgment in a CFTC case, NFA recently distributed a little over $1 million in restitution payments to 62 investors. Because NFA does not charge any administrative fees for its restitution program, individuals received 92 cents on the dollar for their losses. The court order is a result of a complaint the CFTC filed on March 11, 2005, against Ben Ouyand and Victco Financial Services, Inc. In the last 10 years, NFA has distributed more than $14.9 million to over 7,000 investors. http://www.nfa.futures.org/member/newsLetter2.asp#News Perfect huh?
Now, I'll share my experience. In summary, two older sisters, under a forged POA, using estate money collaborated with their lawyers "officers of the court" to try to steal my share of a rather large inheritance. Regulators and Judges knowingly facilitated the endeavor. They lost and dumped all financial damages onto the estate, asking me to absorb one third of those damages (over $1,500,000). The statements herein are factual because I am lived through the experience. (Jan 2001 – October, 2007 ) My personal legal fees are about $170,000. To turn this into the FBI my cost for a legal brief is another $25,000. Legal fees to the estate were over $700,000 of which I paid 1/3 until 2006 and from 2006 until October 2007 I paid 50%.
In spite of inherent conflict of interest built into the legal profession my current lawyer has an impeccable ability (almost divine) to understand and communicate what happened. I do not think anyone could have done a better job. He understands criminal law because he once worked for the DA. The specific conflict is relative to time, money and a system that perpetuates nothingness for financial gain. How many lawyers financially benefit is in direct conflict with client well being.
Let's also perceive everyone involved with the fiasco described herein as a blessing because each person played a vital role in revealing serious weaknesses in our civil excuse for a "justice" system. Bluntly, without deep faith in God and money people in my circumstance would not survive this experience financially, emotionally and sometimes physically. The system is easy to correct so it can protect people rather than exploit them.
(June 2007) The NYC Surrogate Court recently said that I could not have my inheritance because I did not sign the settlement agreement written by my sister's lawyers. Records prove that both sisters have had their inheritances and related income since before my Mother died in 2001. More important it was the settlement agreement, submitted in my appeal to remove the executor; that prompted a "unanimous ruling" that the executor should not be removed, however she is probably guilty of a serious breach of fiduciary responsibility and that breach needed to be proven by the accounting. Judge Glen refused to act on the accounting objections. She thought that manipulating me using criminal activity was a better choice.
We objected to the accounting in September or Early October 2005 and the court did nothing. The executor submitted a petition to dismiss our objections, we responded and as of August 2007, the court again did nothing. The only decision that the court has made is that I cannot have my inheritance, unless I sign the settlement agreement. The lawyers are free, everyone is still using estate money to steal and everyone has their inheritances except me! I called my sister telling her I would sign the agreement - I had no choice - The remainder of my inheritance was transferred to me by the second week in October.
Embezzling estate assets under a forged power of attorney is criminal activity. Link to read the list of regulators that I reported this to and their responses. For seven years, nothing was done by anybody to stop the lawyers. There is no place in NYC to report stealing under a forged POA. Submitting fraudulent documents to the court with an intention of facilitating estate theft is also criminal activity. Government employees can remove fraudulent documents from the court and delete related records from estate minutes. Judges deny basic living expenses to innocent people from their own money. Although in theory, judicial decisions have a 60 day turn around time, in reality there are no time constraints, and no communication from the court to the people involved. Grievance committees do nothing while innocent people suffer at the hands of ill-intended lawyers, judges and court employees. Some lawyers take retainer money and quit. They also harass people by filing bogus lawsuits in the Supreme Court. Lawyers unnecessarily show up at court proceedings for financial gain. Lawyers lie and manipulate their clients while billing them for the privilege.
In New York City estates should be completely distributed at the end of two years. There is no timeframe in reality. Both sisters have their inheritances and are with holding mine because I refused to agree with their settlement plan. Lawyers facilitate the actions without regulatory intervention. The list is endless. Bottom line is that Lawyers "officers of the court" perpetuate subtle financial exploitations and obvious white-collar criminal activity for financial gain.