MONYBUSH.com
Oct 7, 2014Report Fraud: it's the law!
GRAND JURY ISSUES WARNING....IMPLORES Governor-elect George W. Bush to cleanup fraud and corruption at the Texas Department of Insurance.
"In closing, Your Honor, we are obliged to offer our negative observations of the State Board of Insurance. During our investigation we found closed minds, lack of cooperation, a tendency to overlook and wink at blatant misapplication of funds, filing of false financial statements, and apparent undue influence by outside lobbyists and lawyers,"..."We feel that the State Board of Insurance has become stagnant, content to sit back and allow the insurance companies to regulate themselves without proper supervision or control.
View letter..page1, page2, page3.MONY FILES FRAUDULENT FINANCIAL STATEMENTS IN TEXAS
According to the sworn
affidavit of "Bush Team" endorsed CPA, R. Larry Johnson, MONY first started
cooking their books in 1982. Coopers & Lybrand / PricewaterhouseCoopers has
issued unqualified opinions falsely claiming to be independent on financial
statements with hundreds of millions of dollars in illegal transactions. MONY's
Chairman, Michael I. Roth, is a former Coopers & Lybrand partner. Mr. Johnson,
whose affidavit is available on this site, was unaware of the Florida Department
of Insurance letter to Mr. Roth at the time of his affidavit and did not know of
the outside financial dealings between MONY and Coopers & Lybrand that violated
the auditor independence rules.
During 1998 PricewaterhouseCoopers used the fraudulent financials to take MONY
public with the blessing of the SEC's Northeastern Regional Director, Carmen J.
Lawrence. Ms. Lawrence was then rewarded with the position of Co-Partner to
Harvey Pitt at Fried, Frank, Harris, Shriver & Jacobson. Mr. Pitt was then
appointed Chairman of the Securities and Exchange Commission by President Bush.
Mr. Pitt and his minions at the SEC now refuse to answer FOIA requests to
protect PWC and President Bush's illegal dealings with MONY.
Additional information concerning corruption @ the SECURITIES & EXCHANGE COMMISSION is availabe @ http://www.MONYINTERNATIONAL.com/
See U.S. Senator Bill Nelson.."Financial Pedophile"....
http://pwcsucks.com/_wsn/page6.html
Wayne Carlin Northeastern Regional Director Securities & Exchange Commission
The SEC refused to identify the 14 companies that PWC took public with
fraudulent financial statements!
Subj: www.PWCSUCKS.com
McNenny Fraud Report: The Indiana Department of Insurance determined that the Securities and Exchange Commission should be the ones to investigate violations of Indiana insurance laws. The SEC has no such power! Arizona Department of Insurance letter (page1, page2) concerning PricewaterhouseCoopers selling bonds to MONY while claiming to be their "Independent Accountant" and issuing unqualified opinions on financial statements claiming more than a BILLION DOLLARS in unallowable and nonexistent assets! R. Larry Johnson, CPA, Affidavit MONY started cooking the books in 1982! Gov. G.W. Bush Personally Profited from a real estate transaction with MONY after he knew that their financial statements were false! January 13, 1997 Governor George W. Bush Sent via Fax - 512-463-1849 Dear Governor Bush: Wayne Slater has now made me sick twice! Once when he showed me your "PAC" contributions and now with his "THE POWERS THAT BE" article. While he made subtle digs at the lifestyles, business failures and manners of Democrats he failed to mention yours and Mr. Bomer�s "rubber necks" over the $600,000,000 "bad audit" of the Mutual Life Insurance Company of New York and the attempted cover-up by the Texas and New York Departments of Insurance. Senator Phil Gramm�s office claimed he was "POWERLESS" to cause the New York Department of Insurance to produce accurate, concise and complete financial statements for the years 1989 through 1995. Senator Alphonse D�Amato didn�t respond and ran under the same rock with Mr. Bomer and the Fraud Unit when they found out I had secretly taped recorded our meeting. Now I am receiving calls from policyholders and former employees wanting my documents because the Texas and New York Departments of Insurance are "stonewalling" and refusing to answer Open Records and Freedom of Information requests. My time does not permit me to answer these requests, however, in order to accommodate those individuals, I sent out the documents to be copied and will be forwarding that information to you, Mr. Bullock, Mr. Sharp and Mr. Junell and will then simply refer callers to one of you for their open records request. Under the Open Records Act, I again request that you provide me with accurate, concise and complete financial statements for the Mutual Life Insurance Company of New York for the years 1989 through 1995. I also request copies of the audit done by MONY on the $4,500,000 loss in the Los Angles agency during 1991 and the audit done by MONY on the officer�s home theaters and stereo systems. I also request that you supply me with properly amended and signed Schedule Gs correcting the millions of dollars in false entries and omissions that have been improperly recorded with the New York Department of Insurance for the years 1989 through 1995. In addition I request complete details of the payments to officers covered by the "Secret Phantom Stock Plan". The framed picture with your documents is the "Turtle Creek" property listed on MONY�s financial statements at $18,080,000 and the Dallas Appraisal district office at less than $3,000,000. Maybe you could put it in your baseball case to remind you of why voters put you in office. Sincerely, R. Dale Abshire c.Lt. Governor Bob Bullock, Representative Robert Junell, Mr. John Sharp, Comptroller VIEW RESPONSE: From Gov. G. W. Bush
Senator Kay Bailey Hutchison
has helped hide MONY's fraudulent financial statements and the looting of
the company! She personally profited from the illegal acts while thousands
of her constituents were being defrauded! Senator Hutchison actually
produced a copy of the audit of MONY that disclosed more than $600,000,000
in illegal transactions and claimed it was an accurate financial statement
for the company! She could not explain the $687,000 that had been paid to
her husband's law firm and not disclosed, as required by law, on the 1994
Schedule J filed in Texas.
Senator Phil Gramm / Financial Pedophile Senator Gramm's office claimed he was "POWERLESS" to cause anyone to produce an accurate, concise and properly opined financial statement for MONY/ Mutual of New York! He graciously accepted at least $54,000 in contributions from MONY's lawyers and today MONY Group Inc. is a publicly traded company that owns a bank and the Texas Teachers Retirement Fund has lost millions on MONY's stock! Thousands have been cheated out of their educational funds, retirement funds, death benefits and placed in tax traps that can destroy their financial well being while political figures on both sides of the isle stuff their sacks!
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l Samuel
J. Foti
President and Chief Operations Officer MONY IFS NEWS - July 26, 1988 Foti to head Agency Operations: Sam Foti has been named Director of
Agency Operations with responsibility for MONY's career agency system and
its field administration, training and EDP support units. Mr. Foti, who
reports to Managing Director of Field Operations Charles E. Lavezzoli, CLU,
joins MONY after a 15 year career with Metropolitan Life where he held a
series of field and home office management positions. Most recently, he was
the vice president in charge of developing the marketing relationship
between Metropolitan's sales force and the company's real estate subsidiary,
Century 21. Mr. Foti holds an undergraduate degree from Oxford University
and an MBA from the Wharton School of Business at the University of
Pennsylvania. Commenting on the appointment Mr. Lavezzoli noted that
having worked closely with Sam Foti I can personally attest to his superior
competence, personal skills and commitment.
The MBA from the Wharton School of Business was also a lie! After MONY found out about his having lied about his educational background, they promoted him to the presidency of the company and made him a member of the Board.
Michael I. Roth MONY Chairman & CEO
Mr. Michael Isor Roth, President,
Senator Fred Thompson, whose military record consists of.... Hunt for Red October with Sean Connery...Flight of the Intruder with Danny Glover and William Dafoe.... and Aces:Iron Eagle III with Lou Gossett, Jr., refused to help his own constituent, the orphaned child of a decorated war hero who had been defrauded of 100s of thousands of dollars at the hands of thugs! The Freedom of Information request concerned falsified expense vouchers being used by MONY management to make illegal campaign contributions to elected officials! Date: 98-03-04 22:52:14 EST CC: walter.ricciardi@us.coopers.com CC: n.moore@us.coopers.com, BushPACked CC: grannis@assembly.state.ny.us Ms. Bonnie Steingart General Counsel New York Department of Insurance Dear Ms. Steingart, As you are aware, Coopers and Lybrand L.L.P. has acted as outside auditor for MONY for many years. You also are aware of the cover-up that took place as the result of the "Murphy Audit" conducted in 1992 and suppressed until late 1994. You are also aware that Coopers and Lybrand L.L.P. acted as the vendor on the Anthony Crane Rental L.P. transaction on 9/29/94. Your refusal to answer F.O.I.L. requests along with Mr. Walter Ricciardi's attempt at the "Two Step" leaves little doubt as to the seriousness of the situation. Under F.O.I.L., I request that the New York Department of Insurance supply me a list of all insurance and investment companies that use Coopers and Lybrand L.L.P. as their outside auditor. I also request that you supply me with any and all information in the care, custody and control of the New York Department of Insurance that in any way relates to false expense vouchers being used for "political contributions". I also request any documents, files or communications in the care, custody or control of the New York Department of Insurance relating to any investigation of MONY officer's "Home Theater" and "Stereo Systems" that are mentioned in the Alexis Daniels Affidavit. I also request a copy of the 1997 Audit of MONY that was conducted by the New York Department of Insurance. In light of Coopers and Lybrand's "conflict" during 1994 and the false financial statements that were filed with regulators and the SEC, I request that you ask Coopers and Lybrand L.L.P. to "withdraw" as outside auditor. If you have any questions, please don't hesitate to contact me at 817 267 2020 or fax at 817 267-5055. Respectfully, The Honorable Fred Thompson Dear Senator Thompson: |
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On Feb. 6, 1996 Dan Rather's "Eye on America" aired a false and
misleading program about MONY. The next day MONY issued a retraction blaming
CBS for the misinformation and shortly thereafter implemented further
cost reductions and eliminated another 300 jobs. On October 4, 1996 CBS
attorney Mr. Michael Albeth returned my call to Dan Rather. He informed me
that CBS would go to great lengths to keep me from finding out whether Mr.
Rather and CBS had received a copy of MONY'S retraction and knew the program
was false and misleading. Date: 98-04-06 14:40:29 EDT |
Texas State Senator Florence Shapiro To:Florence.Shapiro@senate.state.tx.us August 13, 1999 via fax: 972 378-3718 Dear Senator Shapiro: Your constituents have received, via the U. S. Mail, a solicitation letter (Exhibit A) to purchase stock in The MONY Group Inc..... Please consider this as a report of "suspected fraud" as mandated by Article 1.10D of the Texas Insurance Code. Enclosed and marked as Exhibit B is a copy of a letter from the Arizona Department of Insurance detailing financial transactions between MONY and Coopers & Lybrand / PricewaterhouseCoopers L.L.P. from 1994 through August of 1998. Exhibit C is a copy of the Actuarial Opinion signed by Mr. Jesse M. Schwartz of PricewaterhouseCoopers L.L.P. that was filed with MONY's demutualization documents and mailed to all policyholders in the solicitation of their vote on demutualization. Exhibit D is the first and last page of the 1997 New York / N.A.I.C. examination of MONY that is on file at the Texas Department of Insurance. Coopers & Lybrand / PWC have issued "Unqualified Opinion Letters" on MONY's financial statements falsely claiming to be "Independent" when they are clearly not as detailed in Exhibit B. Mr. Schwartz who signed Exhibit C is in fact a former Actuary and MONY employee who was responsible for the creation of the MONY products that were used to defraud your constituent, Mr. Andrew Brown. Mr. Schwartz has in fact rendered an opinion on his own work. Work that according to the Connecticut Department of Insurance used unrealistic projections of 10.5 to 11.5%. Exhibit D, the last audit of MONY, is a fraud. As previously indicated in the McNenny letter in your file, the New York Department of Insurance used a fraudulent signature page to authenticate a government record and hide the true financial condition of MONY. The author of Exhibit A, Mr. Michael I. Roth, is a former partner at Coopers and Lybrand L.L.P. and is fully aware that MONY's financial statements are false and lack the proper certification of independent accountants as required. His failure to disclose this information in his solicitation is impermissible and immediate action should be taken to protect the public. If you have any difficulty with the accounting issues, I can give you the names of some of your other constituents who are CPAs as well as MONY policyholders that will be glad to answer your questions. Respectfully, R. Dale Abshire 4316 Pembrooke Pkwy N. Colleyville, Texas 76034 817 267-2020 fax 817 267-5055 Signed copy and exhibits faxed to 972 378- 3718
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Texas
Insurance Commissioner,
