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eToys Docket
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NameeToys Docket
DescriptionThe docket for the eToys bankruptcy case, showing the retribution against Laser Haas.  Mr. Haas was the original liquidator for the eToys estate.  He relates that he resisted efforts to sell certain of the assets to certain entities at prices he considered too low and arranged for sales at higher prices to different persons.  Mr. Haas says that he was threatened to stop "interfering" with the sales, though he thought obtaining the highest recovery for the estate was his job.  Mr. Haas has made significant efforts to publicize his research that showed these apparrantly favored "low price" buyers to have been undisclosed clients of the same bankruptcy lawyers that were officially employed as DIP counsel to the bankruptcy estate.  Failing to disclose a conflict of interest by a bankruptcy law firm by filing a false affadivit is a serious federal crime.  Engaging in the willful cover up of same is arguably worse.  Just as the sub-prime crisis appears poised to bring down Wall Street, the failure to prosecute obvious crimes by lawyers secretly representing conflicted hedge fund clients, as epitomized in the unfolding eToys saga, will surely awaken the public to the decades long established "corrupt business as usual" masquerade played by revolving door DOJ lawyers pretending  to prosecute crimes all the while these dirty lawyers plot their lucrative moves into multi-million dollar partnership positions at BigLaw law firms.
     The Deferred Prosecution Agreement is a blatantly corrupt device when former government regulators are designated to receive extraordinary payments as part of the process.  Follow the money: Corruption is What Corruption Does.   This depraved tricker was born of the abuse of prosecutorial discretion and existed long before its incredulous emergence out of the shadows, as countless ever greater corporate frauds were ignored by career savvy DOJ lawyers who privately ridiculed their oaths.  The willful failure by DOJ lawyers to incarcerate their private practise bretherin  after Leslie Fay / Bear Stearns was a seed which bore the fruit of Enron and WorldCom.  Similar failures by DOJ lawyers to incarcerate corporate executive criminals established the consequence free playing field upon which was born the sub-prime financial crisis.
   The current financial crisis is not one of laws, but of the failure to enforce the laws on the books.  It doesn't matter how many laws we have or how well written if they are never enforced against the powerfull.  If the prosecutors are corrupt, the criminals run free.  Let's not forget that Eliot Spitzer was a U.S. Attorney, all the while he engaged in business with organized crime violating numerous federal statutes.  There is a saying: "Physician, heal thyself".  Our own Attorney General warned of the existence of more public corruption than we can detect and prosecute, and specifically identified Law Enforcement and the Judiciary as needed a close look.  We are in need of a Federal Special Prosecutor to examine corruption in the DOJ regarding willful failures to enforce the law against law firms representing powerful  hedge funds.

FilenameLink: http://jaactv.com/330/site/dmdocuments/Pacer_Docket_List_eToys_all_Docket_items_1_to_2366_Dec_01_20.doc
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Created On: 02.04.2008 00:00
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Last updated on 27.09.2008 14:18
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