Local Stories, Events
Ref. : Civic Events
Ref. : Arts & Education Events
Ref. : Public Service Notices
Books, Films, Arts & Education
Ref. : Letters to the editor
Health Care & Environment
News Media Matters
US Politics, Policy & 'Culture'
09.23 MARYLAND GOVERNOR REBUFFS CALL FOR CRIMINAL INVESTIGATION INTO BRETT KAVANAUGH ATTEMPTED RAPE ALLEGATIONS [Republicans above the law...]
09.19 'Killing a generation': one million more children at risk from famine in Yemen [Does America's government have empathy? Does it understand the concept of morality? The Saudi Air Force would be ineffective without U.S. military assistance...]
Economics, Crony Capitalism
International & Futurism
09.18 Racist rioting in Chemnitz has reopened Germany’s east-west split [After 10,000 generations, we are all mixed-race. So let's become friends with our cousins instead!]
FACTS & QUESTIONS:
Stanley Sporkin: BP's Ombudsman Fixer
Who is Sporkin, and what about his dark side?
Wednesday, 23 June 2010
Sporkin calls his BP job troubleshooting, "leading a team of investigators through the charges and countercharges," using his longtime fixer influence. While his compensation isn't known, "it's said to be substantial - more than (he) ever made...as a judge or at the CIA and SEC."
Some call him Stanley the Fixer, Catherine Austin Fitts for one, a former high level government and Wall Street insider, now editor of Solari.com and running Solari, Inc., an ethical online investment firm specializing in preserving family wealth. Besides on her own firm and a wealth of information on important topics, her site provides extensive coverage of Sporkin, including unanswered questions about him.
On September 5, 2006, the Wall Street Journal reported that BP hired him as ombudsman "to hear worker complaints from Alaska and elsewhere in the US," a move to quiet criticism about company operations, given its history of safety and environmental violations, and long record as a serial scofflaw, making daily headlines for the past two months and sure for much longer, keeping Sporkin hyperactive on the job.
According to Kim Eisler in his Washingtonian.com July 16, 2007 article headlined, "Stanley Sporkin Does Things His Way:"
Sporkin calls his job troubleshooting, "leading a team of investigators through the charges and countercharges," using his longtime fixer influence. While his compensation isn't known, "it's said to be substantial - more than (he) ever made during his years as a judge or at the CIA and SEC."
Who then is Sporkin, and what about his dark side? More on the latter below.
He's been a partner at Weil, Gotshal & Manges in its Washington, DC office, involved in corporate governance, other litigation matters, arbitration and mediation services. He's also a member of the Gavel Consulting Group with other former judges and senior government officials, and served as counsel to Wall Street Management & Capital, Inc.
Earlier, he served 20 years with the SEC, the last seven as Director of Enforcement, another five years as CIA General Counsel (under William Casey during the Iran-Contra years - more on that below), and 14 years as a US federal judge for the District of Columbia. He's also a CPA and consummate fixer, given his high-level insider connections, now BP's ombudsman representing its interests, not workers or what benefits them. That's cover for his real job.
Serving Wealth and Power Interests
Sporkin made his reputation doing it, including judicially harming Hamilton Securities, approving its takeover, locking out its staff, and seizing its software and databases - its innovative system to save taxpayers billions of dollars in government-guaranteed mortgage loans, what might have prevented the housing crisis and mortgage fraud, what profiteers engineered collaboratively with Washington, as well as the greatest economic crisis since the Great Depression, likely to way surpass it before recovery.
A Case History of Sporkin Shenanigans
Catherine Austin Fitts founded and was president of The Hamilton Securities Group, a Washington DC-based investment bank and financial software firm. She explained its establishment as follows:
While serving as Assistant Housing Secretary and FHA Commissioner at HUD (under GHW Bush), she "tried (in vain) on numerous occasions to persuade (HUD Secretary) Jack Kemp and his staff not to propose new policies that would result in the abrogation of government contracts or contractual obligations with respect to financial assets."
Had she succeeded, it might have prevented the housing bubble, mortgage fraud, and spillover financial crisis, destroying the wealth, jobs, home ownership, and futures of millions of Americans, what didn't happen by chance, what was engineered and implemented over years to let Wall Street and other profiteers earn billions at the public's expense.
In 1990, Fitts left HUD to found Hamilton months later, several years afterward winning a competitive bid to serve as the Federal Housing Insurance Administration's financial advisor, executing, from 1994 - 1997, $10 billion in mortgage loan sales as well as strategic services for the agency's $500 billion mortgage and mortgage insurance portfolio, using revolutionary techniques greatly benefitting HUD and millions of taxpayers. On Solari.com, she then explained what happened, saying:
What most people think can't happen in America, in fact, does, to anyone challenging corporate or government power - trashing the rule of law for their own interests, cleverly manipulating the public not catch on, or when it does, it's too late.
In Fitts' case, Hamilton's business and future opportunities were systematically wiped out, what led her to found Solari.com, focused on ethical investment, to help individuals and families protect their assets by understanding how dark Wall Street/Washington forces collaboratively drain investors and communities.
Hamilton Securities Litigation - Enter Sporkin
By trying to prevent the housing bubble and mortgage fraud, Hamilton was targeted by numerous lawsuits, including Ervin relator for United States v. Hamilton Securities (Qui Tam).
In March 1998, through his appointed Special Master trustee, then US District Court Judge Sporkin approved the court's takeover of Hamilton, and seizure of its software and databases.
As presiding judge in the Ervin Qui Tam case, he "extend(ed) the seal almost four years, without evidence of any wrong doing," despite a confirming FBI investigation and HUD IG audit verifying it. He also let government prosecutors argue contradictory positions, coached Ervin's attorneys from the bench, and may have been involved in why critical transcripts were missing.
Yet he resigned from the bench when Hamilton's legal documents and information about his Ervin Qui Tam case management and other litigation became available online. At the same time, he was involved in the falsified affidavit, relating to former CIA and Naval Intelligence operative Edwin P. Wilson's conviction (what later got media attention), Wilson having been charged with shipping 42,000 pounds of C-4 plastic explosives to Libya's Moammar Qadaffy in 1977, then hiring Green Beret experts to instruct his agents on their use.
Wilson's defense was that his company, Consultants International, got CIA referral business, and was sanctioned by the Agency to gather intelligence, including about Qadaffy's access to Soviet military equipment. It didn't dismiss the case, but raised doubts in the minds of jurors.
Charles A. Briggs was CIA's third highest ranking official at the time he signed a declaration saying "According to CIA records, with one exception while he was employed by Naval Intelligence in 1972, Mr. Edwin P. Wilson was not asked or requested, directly or indirectly, to perform or provide any services, directly or indirectly, for CIA," later confirmed as falsified and untrue.
Yet as CIA General Counsel at the time, Sporkin certified the affidavit and affixed the Agency's seal, then had it notarized in Fairfax County, VA and presented it as evidence, the jury convicting Wilson on all counts.
On January 20, 2000, the Washington Post's Vernon Loeb headlined, "Back Channels: The Intelligence Community - Never Mind," saying:
All along, Wilson insisted he was framed, his lawyer, David Adler (a former CIA agent) finding evidence to prove it. As a result, in October 2003, federal Judge Lynn Hughes reversed his conviction, ruling that prosecutors "deliberately deceived the court, (thus) double-crossing a part-time informal government agent" after he left the Agency, Sporkin playing a material role in his conviction as CIA General Counsel when it was decided to hang him out to dry with falsified evidence.
As an insider and skilled attorney, he had to know, willingly went along, and later was appointed to the federal bench, rewarded for his involvement in lawlessness.
On November 1, 2003, the Washington Post reported that the Justice Department's Office of Professional Responsibility began investigating his alleged misconduct in Edwin Wilson's conviction, as a result of Judge Lynn Hughes' reversal because of falsified evidence, what Sporkin likely knew, yet certified, but was never charged.
Fitts asked "What if anything did the Hamilton litigation, and litigation related to the Wilson conviction, have to do with (his) resignation from the bench" after her firm's legal documents became public, exposing his role in the case.
Perhaps also his involvement in Iran-Contra, Sporkin still CIA General Counsel, and may have drafted the secret DOJ-CIA Iran-Contra Memorandum of Understanding sanctioning Agency drugs trafficking covertly, what investigative journalist Gary Webb later revealed in "Dark Alliance: The CIA, the Contras, and the Crack Cocaine Explosion," his explosive book about CIA complicity in illegal drugs, the agency's longstanding practice to help fund its operations, besides tens of billions more in black budget allocations, once estimated at over $50 billion annually by a former Agency insider.
Access these links for more information:
CIA's Global Drugs Trafficking
CIA's longstanding drugs trafficking connection way precedes its secret 1982 "memorandum of understanding" with the Justice Department - what Director William J. Casey arranged with Attorney General William French Smith, Sporkin, of course, Casey's General Counsel, so he had to know and be involved.
In his books, including Cocaine Politics: Drugs, Armies, and the CIA in Central America, Updated edition, as well as other writings, Peter Dale Scott has provided detailed information on the CIA-drugs connection, one article stating:
During Sporkin's CIA tenure, it was the covert CIA operation, involving illegal arms sales to Iran and drugs trafficking to fund the Nicaraguan Contras, the Agency and Reagan administration repeatedly disrupting official investigations until political scandal erupted in late 1986, exposing what, in fact, went on, but not enough to curtail what CIA continues to this day globally. Nor did it imprison its operatives, Bill Breeden, a former minister, the only figure incarcerated - not Ronald Reagan, GHW Bush, William French Smith, John Negroponte, Elliott Abrams, John Poindexter, Oliver North, Stanley Sporkin, or others. William J. Casey died in 1987.
In 2003, the IMF estimated global money laundering at between $590 billion - $1.5 trillion a year, much of it linked to drugs trafficking, $500 billion alone from the elicit (US-controlled) Afghanistan opium trade (plus tens of millions more from hashish), most of it laundered through US and European banks, mainly the largest, but others as well worldwide, perhaps including Australia's Nugen Hand Bank.
Sporkin may have been "Slimey Affirm," the code name connection to the Australian bank, an investigation later revealing its involvement with CIA and organized crime, including drugs trafficking, money laundering, arms dealing, theft, tax evasion, and financing CIA's war in Laos, eventually causing its collapse.
Fitts asked if Sporkin "shut down honest businesses to protect government crime....narcotics trafficking," and facilitate money laundering, what at least he knew about at CIA, his job to provide legal cover if needed.
Collaboratively with HUD, Wall Street, and the Fed, what was his role in the housing bubble, mortgage fraud, and their connection to drugs trafficking and money laundering, in combination destroying poor communities throughout the country? What does he know about government black budgets and their funding, perhaps over $1 trillion annually, many trillions cumulatively, from stolen taxpayer dollars?
Why did BP hire him as ombudsman, a man with a history of CIA involvement, signing off on a falsified federal court affidavit, and targeting legitimate businesses to facilitate massive government fraud and market manipulation?
Was he asked to work for or against BP worker interests? Is his role to whitewash company safety violations, 760 of them called "egregious and willful," according to a Center for Public Integrity analysis? Did he ignore, downplay, or suppress years of shoddy maintenance and environmental destruction? Is he involved in punishing employees who express concerns? What does he know about harmful company practices and top officials involved? Why is he handsomely compensated? Is it for complicity in a cover-up.
Why aren't the media asking tough questions and demanding answers? What could he have done to prevent perhaps the greatest ever ecological disaster?
One of the Best Lawyers
On November 1, 2003, Washingtonian.com writer Kim Eisler headlined, "30 of Washington DC's Best Lawyers," saying:
Jamie Gorelick also made the top 30, a well-connected former Clinton Deputy Attorney General, now representing BP in congressional inquiries into the Gulf disaster, and perhaps significant lawsuits it's facing.
Yet she was also compromised as Fannie Mae vice chairwoman when the housing bubble was inflating and company accountants falsified signatures, erasing $9 billion in losses, she earning over $25 million for her services before leaving in 2003 to become a partner at WilmerHale.
She was also one of the 9/11 whitewash commission members, and in 2007 represented BP in another oil spill case, this one in Alaska.
In Washington and corporate board rooms, the powerful take care of their own, targeting anyone in their way, proving the myth of the rule of law, operating outside it from one top position to another, serving the privileged at the expense of beneficial social change.
A Final Comment
Catherine Austin Fitts bears testimony to how to take on the system and win. Despite her Hamilton Securities experience, she regrouped successfully through Solari.com and Solari, Inc., a private company "focused on ethical investment and preserving family wealth....offering a unique perspective on the global financial system and on the political economy," through the Solari Report, Solari Report Digest, and wealth of information on her site, including her personal expertise offered honestly and honorably, a rare commodity in today's investment world. She explains her dedication as follows:
Like the mythical Lazarus, she arose in better than ever form, offering subscribers what they're hard pressed to find elsewhere at a time honest advice is badly needed, and too few in the investment world provide it.
Listen to Lendman's cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
Mr. Lendman's stories are republished in the Baltimore Chronicle with permission of the author.
Copyright © 2010 The Baltimore News Network. All rights reserved.
Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.
Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.This story was published on June 23, 2010.