Louis Freeh asked to be a trustee for MF Global as things are "sorted out" in bankruptcy court.
By Andrew W. Griffin
Red Dirt Report, editor
Posted: November 29, 2011
OKLAHOMA CITY – It is notable to mention, in light of our recent
story, “Will Freeh bungle Penn State child-sex abuse investigation too?”, that
the announcement this past week that former FBI Director Louis Freeh will be a “trustee”
in bankruptcy court for troubled firm MF Global is particularly troubling, as noted in this story, relinked via Jack Blood's Deadline Live site. Blood suspects, as do we, that Freeh was picked to "whitewash" the situation involving MF Global and that certain elite, "Garden State" ties run deep.
Freeh was appointed to the case by U.S. Trustee Tracy Hope Davis, after being ordered to chose someone by U.S. Bankruptcy Court Judge Martin Glenn. Davis, a New York attorney, joined the U.S. Trustee Program, a component of the Department of Justice, in 1997 as a trial attorney. Davis, an expert in bankruptcy issues, came into the U.S. Trustee Program while Freeh was FBI director, interestingly enough.
Freeh heads Freeh Group International Solutions LLC, a global risk-management firm that is also involved in uncovering the crimes linked to the child-sex abuse allegations involving Jerry Sandusky, a former Penn State coach.
But not everyone is impressed with the selection of the former FBI director. Freeh’s lengthy track record of bungling and cover-ups
spreads over many years, particularly during his time serving while Bill
Clinton was president between 1993 and 2001. Despite Freeh being FBI director,
TV’s FBI Agent Fox Mulder solved more crimes of a spooky and unsettling nature
than Freeh did looking into down-to-earth and easy-to-solve criminality during his entire tenure
as director. From the fallout of Waco and Ruby Ridge to the Oklahoma City bombing cover-up to TWA 800 and on and on.
So, two weeks ago it was revealed that MF Global, led by former
New Jersey Governor, U.S. Senator and Goldman Sachs honcho Jon Corzine, had allegedly
swindled $1.2 billion from its many customers, including a six-figure sum
belonging to popular trends forecaster Gerald Celente, who called Corzine a “cheap
SOB” and worse on The Alex Jones Show. As the mess is being
sorted out, Celente and countless others swindled out of their money are
demanding answers and their money back. As of now, incredibly, Corzine is not
under investigation and has not been accused of wrongdoing. The downfall of MF Global hinged on the company making "a disastrous bet on European debt."
According to the Detroit Free Press, U.S. Sen. Debbie Stabenow of Michigan and a former Senate colleague of Corzine’s and a fellow Democrat to boot, has called Corzine to testify before the Senate Agriculture Committee in two weeks. Stabenow’s committee has oversight over the sort of commodity trading that MF Global was engaged in when the funds disappeared.
And it is curious to learn, according to Infowars.com reporter Paul Joseph Watson that days before the doomed financial broker filed for bankruptcy at the end of October, “unexplained wire transfers,” that led to the looting of customers accounts, are now being investigated by the U.S. Justice Department, the FBI, members of Congress and federal prosecutors in New York and Chicago.
So, with James W. Giddens acting as the main trustee who is now responsible for liquidating MF Global and returning funds to customers, Freeh, according to The New York Times, will “be asked to coordinate with those others trustees to return assets to the holding company, so that they could be sold to pay off creditors.”
But with Freeh involved, it will be like a homecoming, considering he and Corzine are both from Hudson County, New Jersey – Freeh from Jersey City and Corzine from Hoboken – and both graduated Phi Beta Kappa – Freeh from Rutgers and Corzine from the University of Illinois – an elite, academic organization stretching back to the nation’s founding and known for its fraternal and privileged secretiveness.
And so considering all of the horrible events that occured under Freeh's watch and were either covered up or went unsolved, one wonders who will skate and who will take the fall with both the shocking and brazen MF Global swindle and the seemingly large pedophile ring in Pennsylvania, a state neighboring Freeh's home state of N.J. and one with close cultural (and underworld) ties to the Garden State.
Copyright 2011 West Marie Media