J. Huntley Palmer Lead In House Attorney JP Morgan - Whistleblower Peter Sivere

Tuesday, March 16, 2010

J. Huntley Palmer was the lead in house attorney at JPM, JP Morgan when J. Huntley Palmer removed 8 people from Whistleblower Peter Sivere's team and replaced them with Davis Polk Team. Looks like he is on the short list for US Attorney in Philadelphia. Sources say his name was one of several submitted to the White House for consideration.

"" Posted on Thu, Jan. 7, 2010
Specter blamed for delay in Obama's
naming U.S. att'y

By MICHAEL HINKELMAN
Philadelphia Daily News
hinkelm@phillynews.com
215-854-2656

By this date eight years ago, the then-new U.S. attorney in Philadelphia, Patrick Meehan, had been on the job almost four months, after being confirmed by the U.S. Senate in September 2001.

Now, almost a year into President Obama's term, there is not even a nominee for the post. And the appointment of a new U.S. attorney, which is considered a plum assignment, is not believed to be imminent, sources familiar with the process say.

Some blame the ambling pace on unusual political circumstances.

Traditionally, the state's senior senator of the president's party, in this case Sen. Bob Casey, makes a recommendation to the White House. However, when longtime Republican Sen. Arlen Specter switched parties last April and became a Democrat, that complicated the selection process, sources said.

Sources said that Casey and Specter could not agree on a single candidate to recommend to Obama, who makes the formal nomination.

An initial screening process last summer produced a list of 20 names for U.S. attorney here.
With Casey and Specter unable to settle on one, several names were jointly submitted to the White House last month, sources said.

A source with knowledge of the matter declined to say how many names were submitted or to identify them.

Among those thought to be on a short list, sources said, are Cheryl A. Krause, a partner at Dechert LLP; James J. Eisenhower, a partner at Schnader Harrison Segal and Lewis LLP; and J. Huntley Palmer of JP Morgan Chase & Co. All were once federal prosecutors here.
Krause, Eisenhower and Palmer declined to comment for this story.

Justice Department spokeswoman Melissa Schwartz would neither confirm nor deny whether the Justice Department had received any names from the White House or begun vetting any candidates.

Larry Smar, a spokesman for Casey, said, "As of right now, I don't have a sense of when a nomination will be made."

A spokeswoman for Specter declined to comment.

The U.S. attorney here - one of 93 in the country - brings criminal and civil actions on behalf of the federal government in the nine-county area of southeastern Pennsylvania.

The office has prosecuted a number of high-profile public-corruption cases in recent years, including that of former state Sen. Vince Fumo and former City Councilman Rick Mariano.
Former U.S. Attorney Meehan resigned his post in July 2008. The current U.S. attorney, Michael L. Levy, was named by the Justice Department on an interim basis last May to serve as U.S. attorney until Obama nominated a successor.

When the White House receives a senatorial recommendation, it is sent to the Justice Department for vetting.

Schwartz said the vetting process - which includes background checks and interviews by political and career officials - can typically take up to three months.
Once a finalist is determined, that person is interviewed by Attorney General Eric Holder, who makes a recommendation to Obama.

After Obama makes the formal nomination, it is sent to the Senate for confirmation.
And there's no certainty that a nominee - given the current partisan rancor in the Senate - will win timely confirmation.

Case in point: New Jersey's new U.S. attorney, Paul Fishman, was recommended to Obama last February and was nominated by the White House in May, but not confirmed by the Senate until Oct. 7.

According to the Web site Main Justice, an independent news organization that covers the Justice Department, 31 new U.S. attorneys have been confirmed by the Senate, 12 more have been nominated by Obama and another 23 names have been recommended by senators to Obama for U.S. attorney posts throughout the country.

None of those confirmed or nominated to date are holdovers from the Bush administration, although two Bush holdovers have been recommended to Oba-ma. ""

Source
http://www.philly.com/philly/hp/news_update/80882337.html?cmpid=15585797

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Howard L. Shapiro - Counsel to the Inspector General. Dan Petrole - Peter Sivere Whistleblower Smackdown. Blatant Disregard.

Sunday, March 14, 2010

SEC Investigators - OSHA Investigators - SEC OIG Report of Investigation - Industry Whistleblower - SEC Fraud and Failing the Public.

Howard L. Shapiro - Counsel to the Inspector General
Deputy Inspector General, Dan Petrole

Below is What Seems to Me Like a Whistleblower Smackdown, as the SEC Fails Over and Over to Protect Whistleblower, Consumers, Shareholders and Faild to Investigate Fraud. Is there No Accountability, Transparency or Rights on any Level?

***********

In a message dated 2/17/2010 7:55:05 A.M. Eastern Standard Time, shapiro.howard@oig.dol.gov writes:

Mr. Sivere:

The Deputy Inspector General, Dan Petrole, has asked me to respond to your recent e-mail to him, in which you state:

In light of the new public interest in this matter I would like for you to re-open this investigation. Please see the attached documentation from Mr. Heddell (signed by you on his behalf) and his reasoning for not re-opening this investigation.

Specifically, Mr. Heddell stated "our review of the SEC OIG Report of Investigation does not provide sufficient basis to revisit this determination."

Why didn't OSHA ever produce a final determination in this investigation? Did OSHA ever interview George Demos or speak directly with the SEC in regard to his allegations of me?

Upon review of the linked web pages (in your e-mail), it appears that the new public interest in this matter primarily relates to actions taken (or not taken) within the SEC, and does not provide a sufficient basis or justification for the DOL OIG to re-visit its previous determination regarding the opening of an investigation with respect to actions taken by OSHA employees.

Howard L. Shapiro
Counsel to the Inspector General "

************

From: PSivere@aol.com [mailto:PSivere@aol.com]
Sent: Thursday, March 04, 2010 6:10 AM
To: Shapiro, Howard - OIG
Cc: Petrole, Daniel - OIG
Subject: Re: Request to OIG

Dear Mr. Shapiro,

Nothing in the attached Memorandum of Understating between the SEC and DOL, entered into July 29, 2008 contain any restrictions on the DOL.

Has Mr. Petrole made any attempt to discuss this matter with the SEC OIG as outlined in the MOU? The fact that my confidential information was leaked during an OSHA investigation and the DOL OIG has no interest in investigating why OSHA investigators did not or will not investigate the leak is troubling.

At a minimum the OSHA investigators should have contacted the SEC investigators to compare "facts." The SEC OIG was concerned enough to investigate their own, why won't the DOL OIG do the same? What is the downside for DOL to produce a similar report as the SEC OIG did?

Thank You,
Peter ""

************

Message from Dan Petrole to Howard L. Shapiro

"In a message dated 3/4/2010 3:16:53 P.M. Eastern Standard Time,
Petrole.Daniel@oig.dol.gov writes:

Howard,

I assume that you are monitoring these e-mails. I also realize that Mr. Sivere agreed to a settlement regarding his issue. Just want to make sure you are comfortable that nothing comes back to bite us.

Dan"

************

"From: PSivere@aol.comTo: Petrole.Daniel@oig.dol.govCC: shapiro.howard@oig.dol.govSent: 3/11/2010 5:41:03 A.M. Eastern Standard TimeSubj: Re: Request to OIG

Mr. Petrole,

Leaving the settlement aside for a moment. Congress charges your agency with protecting the workers of this country. Specifically, it charges you to ensure that certain programs are administered and carried out without interference or political agendas.

Sadly, your comment below illustrates why the American people are fed up. You are in Washington to serve the people of this country. It's a sad state of affairs when the agency charged with protecting the workers of this country believe we are better protected when civil servants, like yourself, put politics before your actual mandate.

This is not a legal issue. This is a systematic breakdown of your agency and all you focus on is CYA. I purposely let your e-mail sit in my in box for the past week with the hopes of establishing some dialogue with you and your agency. Sadly, it did not happen.

Thank You,
Peter Sivere "
Posted here by
Investigative Blogger

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Mark Walsh - Brett Bossung - Mark Newman to buy the management power in LBREP I, LBREP II and LBREP III

Saturday, March 13, 2010

Question for My Readers .... Has the "deal" for Mark Walsh, Brett Bossung & Mark Newman to buy the management power in LBREP I, LBREP II and LBREP III really "closed" or is this deal still on hold" ?

Email Me at
Crystal@CrystalCox.com

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Lehman Brothers Private Equity - Lehman Brothers Real Estate Partners III, L.P. (“Partners III”) and Lehman Brothers Real Estate Fund III, L.P.

"" Plaintiffs Barbara J. Fried and B. Mark Fried, Altitude Partners LLC, Richard D. Maltzman as trustee for the Richard D. & Charlene Maltzman Family Trust U/A/D, 3/23/88, Jefforeed Partners, L.P. by its General Partner Jefforeed Management Company, Inc., and Zelfam, LLC, each as limited partners of two Delaware limited partnerships, Lehman Brothers Real Estate Partners III, L.P. (“Partners III”) and Lehman Brothers Real Estate Fund III, L.P.
(“Fund III”) (together the “Partnerships”), sue on behalf of themselves and the limited partners
named on Annex A. Said Plaintiffs allege for their First Amended Complaint (allegations identical with original) against defendants Lehman Brothers Real Estate Associates III, L.P. (“General Partner”), Lehman Brothers Private Equity Advisers, LLC (“Investment Advisor”), and Real Estate Private Equity, Inc. (“REPE”), each an affiliate of bankrupt Lehman Brothers Holdings, Inc. (“Lehman”); and individuals Mark A. Walsh, Brett Bossung, Mark H. Newman, Michael J. Odrich, Christopher M. O’Meara, Richard S. Fuld, Jr., Joseph M. Gregory, Erin Callan, Ian Lowitt and Thomas Russo (collectively, “Insider Defendants”) and DOES 1 through 50, (all defendants, collectively, “Defendants”) upon personal knowledge as to themselves and information and belief as to the knowledge and actions of others. Plaintiffs’ information and beliefs are based on the continuing investigation of their counsel.

Many facts related to Plaintiffs’ allegations are known only to Defendants or are exclusively within their control. Substantial evidentiary support herefor will be developed after reasonable discovery.

SUMMARY OF THE CASE

1. Plaintiffs sue for over 60 Class members (Annex A) that collectively have committed to invest at least $53,750,000 as limited partners of the Partnerships, and have joined in the Agency Agreement (form attached as Annex B) to seek damages for losses incurred due to Defendants‟ misrepresentations and failures to disclose their scheme to use Plaintiffs‟ funds to acquire real estate from Lehman, during its financial crisis, at prices far above Fair Value, without adequate disclosure or informed consent.

Said misrepresentations and omissions were made in very similar Private Placement Memoranda (“PPMs”) related to sales of limited partnership interests in several Lehman real estate limited partnerships. ..""

Full Document Click Here

Got a Tip on any of This,
email Me at Crystal@CrystalCox.com

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Lehman Brothers Real Estate Partners III, L.P.

"" EXECUTIVE SUMMARY
Lehman Brothers Real Estate Partners III, L.P
. (together with its parallel funds, the “Fund” or
“LBREP III”) is a global real estate merchant banking fund being formed to continue Lehman
Brothers’ successful real estate investment activities.

The Fund is the third generation opportunistic real estate private equity fund of Lehman Brothers Holdings Inc. (“Lehman Brothers” or the “Firm”) and follows the success of Lehman Brothers Real Estate Partners II, L.P. (“LBREP II”), a $2.4 billion fund formed in December 2004, and its predecessor Lehman Brothers Real Estate Partners, L.P. (“LBREP I”), a $1.6 billion real estate fund formed in 2000 (together, the “LBREP Funds”). PSERS has committed previously to Lehman Brothers Real Estate Partners Funds I & II.

The Fund will be managed by Lehman Brothers Real Estate Associates III, L.P. The Fund is targeting total capital commitments of $4.0 billion for opportunistic real estate equity investments primarily in North America, Europe and Asia.

As
with the LBREP Funds, Lehman Brothers and its employees will make a substantial contribution
to the Fund, totaling at least the lesser of 20% of the total commitment and $800 million. This
significant investment substantially aligns the interests among Lehman Brothers and its
employees, the limited partners of the Fund and the management and employees dedicated to
the Fund.

The Fund will benefit from its position in the Real Estate Private Equity Group (“REPE”), an
integrated component of Lehman Brothers’ Global Private Equity business, headed by Michael
Odrich, and the Global Real Estate Group (the “Global Real Estate Group” or “GREG”), led by
Mark Walsh. The Fund will be Lehman Brothers’ primary vehicle for opportunistic investment in real estate and will be managed by Global Co-Heads, Brett Bossung and Mark H. Newman,each with over 18 years of industry experience. The close working relationship between REPE and GREG offers the Fund a unique opportunity to access the Firm’s deal flow globally and enjoy the benefit of the many relationships established by Lehman Brothers with real estate entrepreneurs around the world. '"

Full Document and Source
http://164.156.7.89/org/board/resolutions/2007/lehman_20071213.pdf

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MARK A. WALSH was a Managing Director of Lehman Brothers ... private equity portfolio with former Lehman colleagues Brett Bossung - Mark Newman

"" Mark was a Managing Director of Lehman Brothers, Head of the Global Real Estate Group, and a voting partner in all of Lehman's real estate private equity funds.

Mr. Walsh spent over twenty years with Lehman Brothers, where he oversaw the firm's distressed mortgage debt acquisitions, real estate equity and lending activities.

During his career at Lehman Brothers, Mr. Walsh oversaw the origination of more than $300 billion of commercial real estate debt and equity transactions (both for the firm and its private equity business).

Under his leadership, Lehman Brothers was a top ranked CMBS underwriter both globally and domestically and compiled a very successful equity investment track record. In addition to his responsibilities in Real Estate, Mr Walsh was a member of Lehman Brothers' Investment Committee, the Lehman Brothers' Management Committee and the Fixed Income Operating Committee.

Prior to joining Lehman Brothers, Mr. Walsh was a lawyer and represented financial market transactions. Mr. Walsh is also a Founding Member of the Ziman Center for Real Estate at UCLA and holds a B.A. from the College of the Holy Cross and a J.D. from Fordham Law a School. ""

Source
http://www.zoominfo.com/people/Walsh_Mark_8930637.aspx

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Mark Fried - Barbara J. Fried - Securities Exchange Act

""Barbara J. Fried, Mark Fried Altitude Partners, LLC, Richard D. Maltzman, Jefforeed Partners, L.P., Jefforeed Management Company, Inc. and Zelfam,LLC
Defendants: Lehman Brothers Real Estate Associates III, L.P., Lehman Brothers Private Equity Advisers, LLC, Mark A. Walsh, Mark H. Newman, Brett Bossung, Michael J. Odrich, Christopher M. O'Meara, Richard S. Fuld, Jr., Joseph M. Gregory, Erin Callan, Ian Lowitt, Thomas Russo and Does 1 through 50

Case Number: 1:2009cv09100
Filed: October 30, 2009

Court: New York Southern District Court
Office: Foley Square Office [ Court Info ]
County: NewYork
Presiding Judge: Judge Barbara S. Jones
Referring Judge: Magistrate Judge Kevin Nathaniel Fox

Nature of Suit: Other Statutes - Securities/Commodities/Exchanges
Cause: 15:78m(a) Securities Exchange Act
Jurisdiction: Federal Question
Jury Demanded By: Plaintiff ""

Source
http://dockets.justia.com/docket/court-nysdce/case_no-1:2009cv09100/case_id-354197/

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