Fraud in eToys explained

[laserhaas]

Amazing how no one ever says

I am sorry I got caught!

Paul Traub's cohort in crime - Marc Dreier
is now serving 20 years.

He was on 60 Minutes last night - explaining how Madoff and guys like Dreier get away with it.

Marc Dreier: The Swindler - 60 Minutes - CBS News

No mention of Paul Traub and how the DE Dept of Justice
gave him immunity in 2005 - long before Dreier stole his $400 million
and
Tom Petters amassed his $3.7 Billion dollars in Fraud.

DE Dept of Justice promised unlawful immunity to Paul Traub when he confessed to 17 false affidavits and deliberately deceiving the court in the $300 million eToys fraud.

Instead of prosecuting and investigating
in the same way people ignored Madoff
Paul Traub continues to do crimes
we pointed out another $100 million
and he is currently doing a $500 million
fraud in NY Supreme Ct (case 601805/2002).

All because the DE Dept of Justice promised Willful blindness to his other crimes in 2005.
www.petters-fraud.com/DOJ_Cover_UP.html

[Rusty]

I saw this Sunday and watched with interest. Funny how these guys seem so penitent on camera after they've screwed so many people. No conscience is what I saw.

Laser, nobody ever gets away with anything it seems... Traub's time is coming.

[laserhaas]

G-d willing Rusty.

The frauds by Traub's partners (Dreier and Tom Petters) and the thousands of people harmed (including those that committed suicide)
Could have been prevented - if the Dept of Justice rogue personnel did not violate their oath of office in such a seditious manner.

All we need is for one honorable public servant to do their job!

[laserhaas]

The real weird thing is - that Traub was not only getting away with it then.

He is still doing the same thing Now - over/over again.

We are here - Madoff like - yelling at the top of our lungs
for the Police to arrest him and aiming a beam of light
on the Crimes in progress

And the Feds simply just say - we don't care!

[Rusty]

It's hard to find someone with the courage to get involved and to do something. Everybody's so not wanting to rock the boat in order to keep their jobs. I'm thinking that Traub can't get away with it forever though. I'm watching your updates with interest.

[laserhaas]

The Florida Press barely mentions the outlandish issue.

Rothstein, connected to Petters by Discala - in the fraud issues in Florida had a right hand gal Villegas.

Her best friend and partner in Rothstein's company (Melissa Lewis)
was killed in 2008, when the heat was coming down.

The party who killed Melissa Lewis'

Debra Villegas = HUSBAND

Law.com - Rothstein's Top Assistant Pleads Guilty, Describes Her Role in Ponzi Scheme
Newswire&cn=NW_20090614&kw=Rothstein's Top Assistant Pleads Guilty, Describes Her Role in Ponzi Scheme

How much of these crimes could have been reduced had the DE Dept of Justice not given illegal immunity to Paul Traub and stymied all investigations and prosecutions of MNAT?

[laserhaas]

More on the demised Melissa Lewis

Melissa Lewis - Broward/Palm Beach

[cracker]

[Missy]

i really try to read these threads, but i really have no idea what is being said.

[Kid Lester]

i really try to read these threads, but i really have no idea what is being said.

I think it's about that Traub guy being a dick and he owes Haas money.

[laserhaas]

Kitty and those who have asked or stated their confusion over the eToys Conspiracy, Fraud, Perjury and DE Federal System of Justice Corruption;

Please be advised ---

Paul Traub, a NY attorney for Creditors in eToys and local powerhouse firm www.MNAT.com for the eToys Debtor did Perjury and put forth a Fraud on the DE Federal Court.

The problem is the Police, the DE DEpt of Justice simply refuse to arrest them - even though we "caught" them red-handed and they confessed.

[laserhaas]

By LAW - attorneys, accountants and other professionals who get to work in bankruptcy cases must supply a Section 327(a) application - stating that they are a Disinterested Person under Section 101(14). The application and statements are required to be under penalty of Perjury by Bankruptcy Rule 2014.

They are basically stating that the attorney for the Creditors (Paul Traub's various firms) and the attorney for the Debtor (www.MNAT.com ) are not engaged in any secret deals (a Conflict of Interest).

As a matter of LAW - they must be totally arm's length, above board and conducted all transactions in good faith for their respective clients.

Therefore they MUST be "diametrically" opposed - like Democrats v Republicans.

The Debtor wants to keep the money - the Creditors want to take the money - they make their legal arguments and the Court RULES (blind justice) as a finding of fact (that they are telling the truth or not) and makes a decision as a Conclusion of Law.

In eToys www.MNAT.com declared that it had no conflict of interest and re- affirmed that under Oath more than 15 times.

MNAT then admitted to supplying Affidavits that deceived the Court.

And

Paul Traub supplied more than 17 false Affidavits and then confessed that they were false and that Traub's firm (Traub Bonacquist & Fox (TBF)) - DELIBERATELY deceived the court.

Traub and his partners knew they were caught - and yet decided (and admitted this to the court) that they would continue to deceive the Court and parties of interest.

The LAW mandates disqualification (that they get FIRED) for failure to disclose a conflict of interest.

Instead of Disgualifying (firing) Paul Traub's law firms and www.MNAT.com
the DE Dept of Justice and Courts said they could keep what they stole (over $10 million in fees for themselves and $300 million in fraud for their secret clients)

[laserhaas]

As MR Lester implied, Paul Traub (and www.MNAT.com ) did bad things in eToys.

Yes they owe me money - because a Federal Judge made a promise - if I do my job - the Court would permit me to be reimbursed my expenses.

Spent my life savings and monies I borrowed from others for the case.

eToys was going to sell everything for $3 to $5 million

We (my company Collateral Logistics Inc (CLI)) - helped eToys get back over $45 million in cash into the bank accounts.

Plus there is a NY Supreme Ct case worth $500 million - that is being controlled by the parties who confessed to Perjury and Deceit.

That is like you seeing Bank Robbers with Guns rob the bank and you say to the Police - stop them the Alarm is going off and those guys are robbing the bank -
and the police say - we know - they are our friends - go away before we arrest you instead.

[laserhaas]

BY Law the Creditors and Debtors have to be separate.

The crime here is Paul Traub - the Creditors attorney did place his secret partner (Barry Gold) in as President and CEO of eToys.

www.MNAT.com helped Paul Traub and Barry Gold accomplish the crimes

When they offered me a bribe and emailed me threats to Back Off

I blew the whistle..

So www.MNAT.com told the Court that I cannot blow the whistle on the Fraud because I gave away the monies that eToys owes us.

They supplied a Forged document to the Court - which states in items 10 and 11 that we can seek our fees - but MNAT told the Court I simply Waived all fees and expenses.

You can read the item www.MNAT.com submitted right here
http://petters-fraud.com/Haas_Affidavit_816.pdf

[laserhaas]

www.MNAT.com has confessed that it deceived the court in not disclosing the fact that it was Goldman Sachs Attorney.

What makes this crime so serious is Goldman Sachs took eToys public in 1999 for over $78 per share (a reported $8 billion in worth)

Then eToys filed bankruptcy less than a year and 1/2 later (March 7, 2001)

While keeping secret about the Goldman Sachs issue - www.MNAT.com also asked the Court for permission to Destroy Evidence
and it was Granted

http://petters-fraud.com/MNAT_Motion..._n_Records.pdf

[laserhaas]

Meanwhile the founders of eToys (Toby Lenk etc) were abandoning the company.

If all executives abandon a public company when it goes bankrupt - then they Can NOT be a Chapter 11 (a Turnaround)

They have to become a Chapter 7 (full liquidation)

So Paul Traub's firm and www.MNAT.com devised a scheme to plant in as CEO of DEbtor (Barry Gold) - who was the Creditors attorneys partner and paid associate of the Creditors law firm.

Making this crime of Collusion to Defraud extensively heinous and egregious.

The US Trustee's office testified that they Forewarned Traub and MNAT not to replace key executives of the Debtor with anyone connected to the retained professionals of the eToys estate.

See parts 19 and 35 of the Motion to Disgorge Paul Traub's firm
http://petters-fraud.com/DisgorgeMot..._6_Million.pdf

[laserhaas]

Paul Traub and Barry Gold have a relationship with Goldman Sachs as well

This item is still being kept secret by the perpetrators and the Court says we cannot inform it of the Facts - because we "Waived" our rights to be paid!

[laserhaas]

Almost all of eToys assets were sold to Bain/ Kay Bee Toys

The price we sold eToys.com to Bain/ Kay Bee was $10 million
the very same price that Johnson & Johnson paid for BabyCenter.com

www.MNAT.com and Paul Traub with his secret agent Barry Gold
helped reduced that price from $10 million to $3 million.

This was a $7 million dollar Conspiracy to Defraud the Debtor
because nobody disclosed their relationships to Bain/ Kay Bee

www.MNAT.com is representing Bain in the Kay Bee Toys bankruptcy case
and
Barry Gold - Paul Traub worked for the Bain companies throughout the years
right before eToys Barry Gold and Paul Traub worked for Stage Stores
Bain's founder and owner also owns 1.2 million shares of Stock in Stage Stores
and
Michael Glazer - the CEO of Kay Bee Toys was also Director/stockholder in Stage Stores

Paul Traub confessed that he paid Barry Gold four (4) payments of $30,000 each from January to May 2001 before Mr. Gold became the spy and secret CEO of eToys.

See pages 60 thru 69 of this Transcript
http://petters-fraud.com/TranscriptM...s_60thru69.pdf

[laserhaas]

www.MNAT.com confession of Goldman Sachs here
http://petters-fraud.com/MNAT_deposition_Feb9_2005.pdf

But www.MNAT.com is still committing Perjury about Bain, Kay Bee, Mattel and
the Learning Company
http://petters-fraud.com/MNAT_consen...gCo_merger.doc

[laserhaas]

While keeping the Secrets www.MNAT.com asked the court to allow Paul Traub's firm to prosecute Goldman Sachs.

This is like Al Capone asking the Court to permit Frank Nitti to be the judge in Capone's case.

At the same time that the Court and US Trustee were in the Disgorge Motion of Paul Traub's firm for $1.6 million - where he was apologizing and saying he would do no more wrong.

They were also committing another $100 million in fraud in the Kay Bee Toys bankruptcy case (DE BK 04-10120)

Where Michael Glazer of Stage Stores and Kay Bee paid himself and BAIN $100 million prior to the bankruptcy.

When we reported the Crime the DE DEpt of Justice came to their rescue and successfully asked the Court to Strike & Expunge the evidence
http://petters-fraud.com/KenneyKB_Obstruction_2228.pdf

The US Trustee said it was not our job to point out the fraud.
NOT TRUE
The crime of knowledge before or after the fact and not reporting the crime is called MisPrision of a Felony (18 U.S.C. 4)

But it really is the Police (the DE Dept of Justice and US Trustee's job to point out the crimes)

However, inexplicably - they not only refuse to investigate and prosecute the crimes - they are actually granting UNlawful, implied, blanket, immunity to the Crimes.