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Showing posts with label Fremont Group L.L.C. Show all posts

Former General Counsel for Bennett v. Southern Pacific from 1972 to 1994

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Attorney Rick Kopf

Featured on CNN

Former General Counsel for Southern Pacific from 1972 to 1994 where Mr. Kopf moved along with the assets of Southern Pacific to Bechtel Real Estate and Investment, later rebranded to Fremont Group.



Bennett v. Southern Pacific

He lost his suits when his dry cleaner committed suicide around the time he was appearing on CNN
Cnetscandal.blogspot.com
His business eventually collapse in connection to rouge police officers connected to the City of Pittsburg where Bennett was forced out of business by external forces.
One key factor was the pattern of incidents and breakins which included Arson








Steve Burd CEO of Safeway

Member of Hillside

Cnetscandal.blogspot.com
Steve Burd personally ejected me from the Walnut Creek Safeway using a store mananger to accuse me of stealing food.
After several years of harrassment in this store that began near in unison with the arrests of Police Officers in a emerging corruption case that began when not long after the Concord and Lafayette Lynchings
in the 1980s.



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2016 Acceptance Speech: Alan M. Dachs, Fremont Group

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Bloomberg: Fremont Private Holdings

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Capital Markets

Company Overview of Fremont Private Holdings

Company Overview

Fremont Private Holdings is a family office specializing in growth capital, buyout, recapitalization, industry consolidation, and mezzanine investments in middle market, mature, and later stage companies. The firm has a generalist industry focus. It seeks to invest in companies based in North America. The firm invests between $20 million and $100 million in companies having EBITDA between $10 million and $75 million. It also make debt investments. The firm seeks minority or majority stake in its investee companies. It is based in New York, New York. Fremont Private Holdings operates as a subsidiary of Fremont Group.
444 Madison Avenue
31st Floor
New York, NY 10022
United States
Phone:
212-771-1801
Fax:
212-771-1899

Key Executives For Fremont Private Holdings

Managing Partner
Partner
Age: 43
Vice President
Vice President
Compensation as of Fiscal Year 2017.
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AFL-CIO Building Investment Trust (BIT)

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By Jon Peterson

Washington, D.C.-based AFL-CIO Building Investment Trust (BIT) and San Mateo-based Sares Regis Group of Northern California are planning to start development in May on the 260-unit Cadence apartment project in South San Francisco. The address of the project is 398, 400 and 405 Cypress Avenue.
The BIT has made an equity investment into the project of $143 million, as stated on the investor’s Web site. The project is being done in a partnership with the BIT and Sares Regis Group, and it has an official groundbreaking planned for May 17th. The projection is that the development will take 20 months to complete once it gets started.
Sares Regis feels that the site is a very strong location. “I think that the renters in the project will like that our project will be only a quarter mile walk to the Caltrain station. This will allow them to have public transportation either to San Francisco or Silicon Valley. The renters could also walk to downtown South San Francisco to get to shopping and entertainment locations,” says Ken Busch, senior vice president with Sares Regis Group of Northern California.
All of the apartments in the development will be market rate units. Some of the amenities in the project will include a rooftop lounge, fitness center and club rooms. The project will have five stories over two levels of parking.
“We are very excited to have this new project coming to our city. It will help with the demand for housing that we have. It will be part of our downtown specific plan that we approved in 2015 where at least 1,450 units could be added to our city going forward. Cadence will also replace a site that has been a vacant site for several years and was the home of an old Ford car dealership,” said Alex Greenwood, director of economic and community development for the city of South San Francisco.
The BIT has a significant presence in the San Francisco Bay Area. According to its 2016 fourth quarter report on its Web site, it has a portfolio in the region with a net asset value of $700 million. This region amounts to 15.3 percent of its $4.67 billion total net asset portfolio. Four of its top 10 holdings are based in the region. These are the San Pedro Square Apartments in San Jose, Hacienda Crossings shopping center in Dublin, the Alameda Landing Shopping Center in Alameda and an office building in Fremont. The trust has also invested $88 million of equity into the development of the 395-unit MacArthur Commons apartment development in Oakland, which broke ground earlier this year. This development is being done with the Trust and Houston-based Hines.

BIT’s long-term investment strategy is to build and maintain a stable and diversified pool of assets through the acquisition and development of core properties in target markets throughout the United States. Its major markets besides the San Francisco region include Seattle, New York, Chicago, Los Angeles, Minneapolis-St. Paul, Miami and Philadelphia.
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Amid Romney's rise, Bay Area Mormons hope for more acceptance

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One in 10 U.S. Mormons lives in California, giving the state the largest Mormon population outside Utah. The Bay Area is a Mormon hub, home to an estimated 100,000 members of the Church of Jesus Christ of Latter-day Saints and one of its oldest operating temples.
The East Bay had a burgeoning Mormon congregation in 1924, when a prophet and former church president is said to have looked over the bay from a San Francisco hotel and envisioned a "great white temple of the Lord" in the Oakland hills.

 dd Dedicated in 1964, the five-spire Oakland Temple remains a regional center of Mormon life.
"I love the Bay Area for its tolerance and respect of all types of people. In many respects, this is the ideal environment, not only for Mormons but people of any faith, or nonfaith," said Richard Kopf, a corporate attorney from Alamo who converted to Mormonism in the 1960s and is the church's regional spokesman.

At a 6 a.m. class Wednesday in central Hayward, Carol Welch stood in front of a map of the Holy Land, a King James Bible in her hand and eight tired teenagers in front of her.

The class, known as seminary, meets every weekday, and this year the focus is on the Old Testament. In another year, if they haven't already, the teenagers will get to the New Testament and the Book of Mormon, the document that adherents believe was written by ancient prophets and translated by Joseph Smith in the early 19th century.

Growing up Episcopalian in Alameda, Welch converted to Mormonism in the late 1980s. She wanted to raise her children in a religious tradition but wasn't sure which one until two suited missionaries appeared on her Fremont doorstep.

"I was the world's biggest skeptic," Welch said. "When friends found out I was joining the Mormon church, they were shocked."

The 63-year-old said she is regularly countering misconceptions. Mormons are nearly unanimous in describing themselves as Christian and believe in the resurrection of Jesus Christ, according to the Pew study, but Welch said many people still think Mormons aren't Christian.

"There are so many religions that have been ridiculed over time," she said.

Far more socially and politically conservative than the public, according to the Pew survey, some Mormons clashed with Bay Area gays and lesbians during the battle over Proposition 8, the ban on same-sex marriage passed by voters in 2008.

Hawker, who teaches critical thinking and argumentation at San Jose State, stayed out of the fray.
"I don't think Mormons are being singled out any more than any other group, but Prop. 8 did not help many people's perceptions of Mormons," she said.

A political moderate, Hawker prefers former Utah Gov. Jon Huntsman, a Mormon, over front-runner Mitt Romney, the former governor of Massachusetts and also a Mormon.
About 86 percent of all Mormon voters view Romney favorably, and even Mormon Democrats approve of Romney as much as the average Republican voter, says the Pew study.

  • 94 percent of Mormons believe that God and Jesus Christ are separate, physical beings
  • 94 percent believe that the president of the church is a prophet of God
  • 95 percent believe families can be bound together eternally in temple ceremonies
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    Essex Property Trust - George Marcus / Fremont Group /

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    Catellus: Mission Bay to Murder Bay

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    HashTag Corner

    About Catellus

    San Francisco

    Walnut Creek

    Fremont Group

    Bechtel and 9/11

    Mission Bay TImeline

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    City Attorney Suicide of Mark Coon

    Walnut Creek CA: When Mr. Coon jumped it was tragic but when Catellus Development Corp pointed out they suspected foul play over the final selection of Lennar Urban over Catellus as the final developer of the Concord Naval Weapons Station their letter triggered an investigation. Mr. . Coon's next move was about releasing that report.  Instead he jumped as he was well aware of my postings about police officers, federal indicments and murders, suicides and murder suicide.

    He was aware my the deaths of my relatives and friends.  A staggering body count. 

    The Murder Suicides are Murders

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    Fremont Private Holdings (FPH)

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    OVERVIEW

    Fremont Private Holdings (FPH) is the private direct investment arm of Fremont Group, the investment office for the Bechtel family. Bechtel has been in the engineering and construction business for 117 years. Members of the Bechtel family have managed the Company for five generations.

    We typically make initial investments of $25 million to $100 million per transaction in private operating businesses generating $10 million to $50 million in EBITDA. We will consider both majority and minority investments.
    Target businesses share the following characteristics:
    • Attractive industry segment
    • Strong, defensible market position
    • History of growth and clearly identifiable future growth opportunities
    • Experienced and proven management team
    • Consistent profitability and cash flow
    • Limited technology risk 
    • We are industry agnostic, but we have significant experience in the following areas:
    • Industrials/Manufacturing
    • Business Services
    • Consumer/Retail
    We generally avoid businesses where we perceive there to be technology or business model risk over a medium to long-term horizon.
    •  

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    Accenture and Microsoft Launch New Hybrid Cloud Platform to Accelerate Enterprise-Wide Adoption

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    This posting is presented to portray how Microsoft, Fremont Group (Real Estate Investments) Attorney Rick Kopf who funded Mitt Romney.

    The problem for Romney is a witness in Bennett v. Southern Pacific was murdered and connected to me is the Strack Murders, The Driscoll Murders, The David Bremer Murder, The Officer Youngstrom Murder and many other murders or accidents.  Try Contra Costa Murders




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    Bill & Melinda Gates Foundation - Fremont Group Blood Money

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    Dear Mr. Gates,

    I applaud your philanthropic efforts in regards to Malaria and water.  We have met several times over several decades.  Mostly at Developers Days or various conference at the Claremont Hotel in Oakland and locations in SF.  Your efforts on touting Microsoft solutions such NT 3.5, early versions of Excel on the Mac, OS 2 Warp and then Windows 3.0 etc. I've been with you since DOS.

    This purpose of this letter is multi-faceted, one part is to share what's happened to me, my family, friends, customers and clients since our mutual appearances on PBS, CNN, WSJ and Boston Globe.

    Since the 80's I've endured endless setbacks courtroom losses, vanishing witnesses and accidents.  A critical link emerged in 2012 to the core of these losses which straight into the heart of your foundation.

    Issue #1 ~ Murders, Arson, Accidents and Suicides

    Issue #2 ~ A 2002 investment by the Bill and Melinda Gates Foundation

    I'll assume that the Foundation intentions were pure and based on sound advice.  That investment leads to my story, leads to the above appearances, and worst of all leads to 9/11, several of my past 


    Issue #3 ~Dangerous Explosions 
    I operate several blogs and for six months trying to Azure Platform Services working which is something you need be aware of.  The six months of issues were 100% Azure Centric and pathetic but worse is a possible connection to the Paris Bombings.  We have something deadly in common with your investors and your attorneys that connects to

    Issue #4 
    Pending


    Issue #5 ~ Comparing Our Housing Situation

    The man that appeared with you on PBS debating the H-1b visa in June 2007 lives on a sheet of plywood, a tarp, and sleeping whereas you've got this nice house on a lake.  Other differences as I've been beaten, mugged and hospitalized numerous times, several near fatal bacterial events, several heart attack events and medication that induced psychosis 


    I've personally endured a long medical battle that dragged on for years, hospitalizations from bacteria, poison and asthma.  One diagnosis was I was suffering from parasites which turned into infections that again landed me in the hospitical

    Since you've likely studied epidemiological statistics given your emphasis on water which is really the gift of life and a bigger gift of quality of life. 
    .#homelesshomicides

     
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    Company Overview of BlackRock Core Alternatives FB TEI Portfolio LLC

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    ss

    Richard E. Cavanagh

    Chairman, Member of Executive Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee, BlackRock Core Alternatives FB TEI Portfolio LLC

    AgeTotal Calculated CompensationThis person is connected to 77 Board Members in 77 different organizations across 78 different industries.

    See Board Relationships
    69--

    Background

    Mr. Richard E. Cavanagh, also known as Dick, has been a Senior Advisor at The Fremont Group since 2008. Mr. Cavanagh is a Special Advisor at Echoing Green. He served as the Chief Executive Officer and President at The Conference Board, Inc. from November 1995 to 2007. He was a Partner and served as the Principal of McKinsey & Company Inc. from 1980 to 1988. Mr. Cavanagh spent 15 years at McKinsey & Company, Inc. He led McKinsey’s efforts to reorganize the nation’s bankrupt railroads into Conrail – at the time the largest industrial reorganization in history. He served as an Executive Director at Federal Cash Management, White House Office of Management and Budget, U.S. from 1977 to 1979. He led a government-wide effort to improve cash management that saved $12 billion. He served as an Executive Dean of the John F. Kennedy School of Government at Harvard University from 1988 to 1995. He served as Acting Director of Harvard Center for Business and Government from 1991 to 1993. He has been the Chairman of various funds of BlackRock fund complex since 2007. Mr. Cavanagh serves as the Chairman of the Board of BlackRock Senior Floating Rate Fund II, Inc. and BlackRock MuniHoldings Quality Fund, Inc. He served as the Chairman of Educational Testing Service from 2005 to 2009. He has been a Director of The Fremont Group since 1996. He has been a Non-Interested Trustee at various funds in BlackRock fund complex since 1994. He has been a Director at BlackRock Senior Floating Rate Fund II Inc. and BlackRock Corporate High Yield Fund III, Inc. since 2007. He serves as Lead Director of Blackrock Florida Insured Municipal 2008 Term Trust. Mr. Cavanagh has been employed of Blackrock Florida Insured Municipal 2008 Term Trust Inc. since inception. He has been a Director of The Guardian Life Insurance Company of America since 1998. He serves as Trustee of Drucker Foundation. He served as a Director of The Conference Board of Canada. He served as an Independent Director of Arch Chemicals Inc., from 1999 to October 20, 2011. He served as a Director at AeroUSA and AeroUSA 3 until July 1, 2004; Airplanes Ltd. until July 1, 2004; LCI International, Inc., since May 1997 and Olin Corporation. He served as a Trustee of Partners Balanced Trust. He served as a Controlling Trustee of Airplanes Trust of Airplanes Ltd. until July 1, 2004. He served as Lead Trustee of various Blackrock funds in the fund complex. He created the “blue ribbon” Commission on Public Trust and Private Enterprise in 2002, which recommended corporate governance enhancements. He served as a Trustee of The Conference Board, Inc. He served as Trustee at BlackRock Insured Municipal Term Trust, Inc. since 2007. He served as a Trustee of Airplanes Group. He served as a Trustee of Aircraft Finance Trust (AFT) from 1999 to 2009. Mr. Cavanagh served as a Trustee of Airplanes Group since 1995. Until July 01, 2004, he was a Trustee Emeritus at Wesleyan University. He was a Trustee of Educational Testing Service (ETS) from 1997 to 2009. He also directed the President's Reorganization Project for domestic programs. He was an Adjunct Professor of Harvard University since 2007. He is a Co-Author of "THE WINNING PERFORMANCE" (best selling management book published in 13 national editions). Mr. Cavanagh holds a BA degree from Wesleyan University and an MBA degree from the Harvard Business School.

    Corporate Headquarters

    100 Bellevue Parkway
    Wilmington, Delaware 19809

    United States
    Phone: 302-797-2000
    Fax: 302-797-2473

    Board Members Memberships

    Director, Member of Human Resources & Governance Committee and Member of Product & Distribution Committee
    Lead Trustee
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman of the Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Compliance Committee, Member of Governance & Nominating Committee and Member of Performance Oversight Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Performance Oversight Committee, Member of Governance & Nominating Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Member of Executive Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Performance Review Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    1994-Present
    Chairman of the Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    1994-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of the Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of the Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chair of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Compliance Committee, Member of Governance & Nominating Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of the Board, Chairman of AMPS Committee, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Compliance Committee, Member of Governance & Nominating Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of the Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of the Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chair of the Boards, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance and Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Amps Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of The Board, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee
    2007-Present
    Chairman of the Board of Trustees, Chairman of Executive Committee, Chairman of Leverage Committee, Member of Governance & Nominating Committee, Member of Compliance Committee and Member of Performance Oversight Committee
    2008-Present
    Chairman, Member of Executive Committee, Member of Governance & Nominating Committee, Member of Performance Oversight Committee and Member of Compliance Committee

    Education

    MBA
    Harvard Business School
    BA
    Wesleyan University

    Other Affiliations

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    2011 UBS rogue trader scandal London to the UBS Bond Desk -

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    2011 UBS rogue trader scandal

     
    Note: I know a former UBS Bond Trader and Mormon that lost his job after being connected to this story.  He knows Accenture Employee Bishop Lyons who died during a cub scout hike.  I know far too many suspicious deaths within the Danville Stake.  Bishop Lyons knows my former attorney and Nate Greenan who are connected to Alamo 1st who is connected to Bechtel via Fremont Group.

    In early September 2011, the Swiss bank UBS announced that it had lost over 2 billion dollars, as a result of unauthorized trading performed by Kweku Adoboli, a director of the bank's Global Synthetic Equities Trading team in London.[1][2]
    On 24 September 2011, Oswald Grübel, the CEO of UBS, resigned "to assume responsibility for the recent unauthorized trading incident", according to a memo to UBS staff.[3][4] On 5 October Francois Gouws and Yassine Bouhara, the co-heads of Global Equities at UBS, also resigned.[5] It later emerged that UBS had failed to act on a warning issued by its computer system about Adoboli's trading.[6][7][8]
    After two delays requested by Adoboli and a change of legal representation, Adoboli pleaded not guilty to two counts each of fraud and false accounting on 30 January 2012. He was released on conditional bail after a bail application at Southwark Crown Court on 8 June 2012. He was later convicted of both counts of fraud and sentenced to seven years imprisonment. He is currently appealing both conviction and sentence.[9]

    Contents

    The trading incident

    On 15 September 2011, Adoboli was arrested under suspicion of fraud in connection with a loss of a then-estimated US$2 billion, reportedly due to unauthorized trading at the Swiss group’s investment bank. A spokesperson from the Swiss banking regulator FINMA referred to the case as one of the biggest ever seen at a Swiss bank.[1] Adoboli had originally retained the law firm of Kingsley Napley, which previously advised Nick Leeson.[10] However, he has now changed his legal representation to Bark & Co and Furnival Chambers, with the fees being paid by legal aid.[11] On 30 January 2012 he pleaded not guilty to two charges of fraud and two charges of false accounting and faces up to 10 years in prison if convicted of all charges.[12]
    The loss to UBS was described as "manageable" although it might cause UBS to report a net loss in the following financial quarter. The bank's net earnings for the year ending June 2011 were $6.4 billion[13] with a gross profit of approximately $1.1 billion reported by UBS for the third quarter of 2011.[14][15] On 15 September, the day of Adoboli's arrest, the price of the stock of UBS closed down 10.8%, while the price of other European bank stocks rose between 3–6%.[16]
    It has been reported that Adoboli informed UBS of his unauthorized trades, and then the bank informed the Financial Services Authority and the police.[17] On 16 September, it was announced that City of London Police charged Adoboli with fraud by abuse of position and false accounting.[18]
    On 18 September 2011, UBS issued a statement which revealed the losses from the alleged unauthorized trading stood at $2.3 billion. The rogue trader reportedly racked up the losses by speculating on EuroStoxx, DAX and S&P 500 indexes.[19]
    The prosecutor in Adoboli's trial, Sasha Wass, stated that Adoboli "was a gamble or two from destroying Switzerland's largest bank for his own benefit."[20]
    According to Business Insurance, as in the case of the unauthorized trades by Nick Leeson at the Singapore office of Barings Bank, the Adoboli incident took place at a location away from the bank's central office, where the risk management systems are typically stronger.[21]

    The accused trader

    Kweku Adoboli was born 21 May 1980.[22] His family home was in Tema, Ghana, but he has lived in the UK since 1991 and been described as "British by culture, citizenry and fame."[23]
    He graduated from the University of Nottingham, where he studied computer science and management, in 2003.[1] Prior to this, he studied at Ackworth School (a Quaker-run private boarding school near Leeds), where he was Head Boy between 1997–1998, the year he graduated.[24]
    According to the Daily Telegraph, shortly before the news of the incident broke, Adoboli had posted on his Facebook account that “I need a miracle”.[25]
    Kweku's father, John Adoboli, is a former Ghanaian official at the United Nations. On the day of his son's arrest, he expressed the family's shock and disbelief: "We are all here reading all the materials and all the things being said about him. The family is heartbroken because fraud is not our way of life."[26]

    Mechanics of the incident

    According to UBS, Adoboli had disguised the risk of his trades by using "forward-settling" ETF cash positions.[27]
    According to the Financial Times, and other sources, Adoboli is suspected to have used the fact that some ETF transactions in Europe are not issued confirmations until after settlement has taken place.[2] The exploitation of this process allows a party in a transaction to receive payment for a trade before the transaction has been confirmed.[28] While the cash proceeds in this scheme can not be simply retrieved, the seller may still show the cash on their books and possibly use it in further transactions.[28] The process of orchestrating fails to deliver trades may then be used in a carousel of transactions.[28][29] Unlike in the United States, no data about the volume of fails-to-delivers is available for Europe.[28][30] CNN and World Finance also stated that some banks have deliberately allowed certain levels of fails-to-deliver, as a method of "dealing with financial stress" so that between accounting cycles the value of securities sold, but not delivered, as well as the value of the cash booked, but not received can be reflected on the books.[28][29][31]
    In October 2011, Sergio Ermotti, the interim CEO of UBS, after the departure of Grübel, admitted that the computer system at UBS had detected the unauthorized trading activities of Adoboli beforehand and had issued a warning, but the bank had failed to act on the warning.[6][7][8]
    In May 2012, Sergio Ermotti, Group CEO, spoke at the UBS AGM about the changes implemented following the scandal. Ermotti spoke of improved internal monitoring and deficiencies in the financial reporting control system that have been addressed. Ermotti also made reference to employees that have been replaced or had pay docked due to serious mistakes or unreasonable behaviour.[32]

    The fallout

    On 24 September 2011 Oswald Grübel, the CEO of UBS resigned "to assume responsibility for the recent unauthorized trading incident", according to a memo to UBS staff.[3][4][33] Bloomberg reported UBS to be "in disarray" following the departure of the CEO as a result of the scandal.[34] Ten days later the co-heads of Global Equities at UBS, Francois Gouws and Yassine Bouhara, also resigned.[5]
    UBS stated that no clients funds were lost as a result of the scandal, but according to The Daily Telegraph, the reputation of UBS could suffer "significant damage”, and that the amount lost was almost the same as the savings UBS had planned via the elimination of 3,500 jobs.[25]
    In mid-November 2011 UBS announced that it would cut back half of the risk-weighted assets in its investment bank over the next five years to reduce risk exposure in the wake of the trading scandal.[35] In June 2012 UBS announced that their ongoing investigation has resolved the weaknesses that made this unauthorized trading possible. Along with their auditors, Ernst & Young Ltd., UBS aim to confirm this with internal control of financial reporting in December 2012.[36]
    On 26 November 2012, the United Kingdom's financial regulator fined UBS £29.7 million ($47.6 million) for system and control failings that allowed Kweku Adoboli to cause over $2 billion losses through unauthorized trading in London.[37]
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