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Old 24 May 2010 , 22:24 PM   #1
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Question Price Waterhouse Coopers - Were they part of the 911 Plot? Flight 11 & 175 Passengers

Price Waterhouse Coopers, 911 Money-Changing & Accounting Team?





Price Waterhouse Coopers had 5 employees on the passenger lists for flights 11 and 175.

Price Waterhouse Coopers is a Mega Accounting firm, a product of the merger between two accounting giants. It is the fourth largest professional services firm, in fact PWC has offices all over the world, in 151 countries.

While PWC is a very large Corporation, the fact that it had 5 employees aboard 2 flights on 9/11 is a statistically significant oddity. All 5 were on seemingly unrelated travel, and no ties, professional or personal, are mentioned between any of them.

The 5 passengers were;

Flight 11:

Kelly Ann Booms, 24, Brookline MA, Accountant, on a 4 week business assignment

Jessica Leigh Sachs, 23. Billerica MA, Auditor, on a business trip


Flight 175:

Daniel R. Brandhorst, 41, Los Angeles CA, Attorney, on vacation
Mr. Brandhorst was traveling with his partner David Gamboa and their adopted child.

Brian Kinney, 29, Lowell MA, Auditor, no reason for travel given

Patrick J. Quigley, 40, Wellesley Ma, Partner, on business


While very few of the 9/11 passengers received Victim's Compensation Fund money, four out of five PWC employees families did. Only the family of Kellly Booms did not.

There was a perfect cross-section of PWC on those lists. A Partner, An Attorney, and 3 Auditor/Accountants. It could also represent the make up of a Team.

What kind of things are PWC personal services teams doing?
They are involved in nearly everything imaginable. Here's a partial Client List from Wikipedia;


Quote:
Major clients:

Europe and North America account for about 81% of PwC's annual revenue,[27] with Europe alone accounting for 45%.[27] The firm's dominant practice, auditing, accounts for over 50% of PwC's revenue.[19]

As of March 2005, PricewaterhouseCoopers' audit clients included four of the 10 largest public companies in the United States (ExxonMobil, Ford Motor Company, ChevronTexaco and IBM). PwC also audits four of the 10 largest companies in the United Kingdom (GlaxoSmithKline, Royal Dutch Shell, Barclays and Lloyds TSB).

One client, the Academy of Motion Picture Arts and Sciences, gives PwC the unique distinction of having been (in various incarnations) the tabulator and certifier of votes for the Academy Awards since 1934.[28]

PwC audits 40 per cent of companies in the FTSE 100 Index[29] and 45 per cent of the Fortune 1000 energy companies.[30]



The following are PwC audit clients that are part of the FT Global 500 (2006), grouped by FT industry:




PricewaterhouseCoopers' new Melbourne offices at Freshwater Place
Many of the above corporations were involved in 911. Money had to be moved around to hide the purchase of expensive remote-controlled aircraft, fund background operations, pay personnel, cover for demolition operation, etc.. It took money to fund the 9/11 operation, and accountants somewhere saw a lot of money move. PWC is an Accounting firm responsible for watching and counting money for these clients worldwide.

If you wanted to leave a cold money trail THAT BIG you would require the services of a top accounting team.

Many facts point toward these passengers being real people. They definitely didn't die on flight 11 or 175.

So what happened to them? Were they;

1 Real people who were "reassigned" to a fat retirement or promoted and reassigned to PWC's office in Australia (8), or Rome, or Paris, or Kabul?

2 Real people who were done away with by some other means (to keep them permanantly quiet)?

3 The PWC employees never existed at all, and a cozy relationship with spooks made PWC a good company to use for cover?

4 Spooks planted inside PWC for these purposes, now "reassigned" identity wise via the passenger lists?

I'm not sure, but I know they were not on flights 11 or 175. If they were choices 1 or 4 above, they are somewhere. These were all relatively young people, all would be under 50 today. If they were alive, we could expect some of them to be around for a long time.

Read their Biographies, look at their pictures, and see what you think.










Radio Shows - Jim Fetzer & The Real Deal:
Death Certificate #0001:
The Hollow Towers & Pre-Demolition of WTC:
Flight 11 Frauds:
Flight 175 Frauds:
Flight 77 Frauds:
Flight 93 Frauds:
The 911 Jumper Frauds:
North Tower Frauds:
Media Complicity and Fraud:
Media 9/11 Memorial Frauds:
The 9/11 Memorial Wall:
9/11 & WTC Corporate Fraud:
Pending Research Requests from Lets Roll Members:
MISC: Great Research Links on this Material above:
Former Stickies for the Hussled Masses:
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Old 24 May 2010 , 22:40 PM   #2
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There appears to be some real people they used as passengers and evidence, strong evidence that others were aliases, fictions or carefully prepared aliases. Yet we should assume nothing when it comes to investigating what happened on 9.11.2001. Assuming these people below are real, and can stand upto scrutiny in verifiable background checks, picture history, college records, drivers license, etc... Assuming all of this stands up, and they are indeed real people, they would no doubt be in quite excellent positions inside of American Airlines to help expedite somehow the plans of 9/11 and be in positions to help accomplish this objective. The irony here is amazing.


Quote:


9. Mary Jane (MJ) Booth, 64
, of Falls Church, Va., secretary for American Airline's general manager at Dulles Intl. Airport..

An American Airlines employee for 45 years, she worked for more than 30 years as secretary to American's general manager at Dulles.

Mary Jane "M.J." Booth

American Flight 77

MARY JANE (MJ) BOOTH, 64, of Falls Church, Va., was a familiar face at Dulles International Airport in suburban Virginia. An American Airlines employee for 45 years, she worked for more than 30 years as secretary to American's general manager at Dulles. Everyone called her MJ, except at the annual American holiday party when she dressed up in costume and went by the name Mrs. Santa Claus. Booth was a passenger aboard American's Flight 77, which crashed into the Pentagon. She was on her way to Las Vegas for a meeting of the employees' credit union.



Copyright © 2001 The Associated Press
Quote:
Renee Lucille Newell - American Airlines Ticketing Agent It is plausible that they had insiders such as Renee who took care of the "fraudulent ticketing" of passengers. If this even occurred at all. I am certain there is a tie in with her and 9/11 conspiracy and probably something to do with her job.

Use your imaginations; Speculate, theorize; Private room. No harm, no foul. By: Phil Jayhan



Renee Lucille Newell

Original link:


American Flight 11

Yours in Customer Service


Renee Newell really cared about the answer when she would ask, "How can I help you?" That made her an excellent customer service agent, bartender, family member, friend.

"She had customers of hers, through the airline, come from out of state to the wake; that's the kind of person she was," said her brother Ronnie Tetreault. "Any time they were flying, she would try to get them better seats."

Mrs. Newell, 37, was on Flight 11, traveling with a friend who was afraid of flying. Mrs. Newell would usually fly out of the airport in Providence, R.I., near her home in Cranston. But she left from Boston on Sept. 11 so they could fly nonstop and first class.

Her mother, Lillian Tetreault, was supposed to go along but was not feeling well. She remembered how Mrs. Newell used to work at the family restaurant, and how she helped when her father went into a nursing home, in between taking her son, Matthew, now 9, to soccer, baseball and bowling. "For a long time, when I used to call the house after this happened, he would pick up on the first ring, thinking it was her," Mr. Tetreault said. "He was hoping she'd call, that she was all right."
Profile published in THE NEW YORK TIMES on March 17, 2002.


Flight 11, September 11, 2001. American Airlines Customer Service Agent, Renee (Tetreault) Newell, of Rhode Island, perished on Flight 11, American Airlines, on Tuesday, (September 11, 2001). She leaves her beloved husband, Paul Newell of Rhode Island; and her very precious son, Matthew. Loving daughter of Lillian (DiMartino) Tetreault and her father, Raymond Tetreault of Rhode Island, formerly of Hartford. Renee is also survived by her dearest sister, Michelle Murphy and brother-in-law, Michael Murphy of Rhode Island; brothers, James, Ronald and Steven Tetreault of Rhode Island; uncles, Frank DiMartino and wife, Kathleen of East Windsor, Salvatore DiMartino and wife, Elizabeth of Florida, John Guerriero of Windsor, James Tetreault of Rhode Island, and Paul Tetreault of Rhode Island; aunts, Rose (DiMartino) Norrie of Windsor, Antoinette (DiMartino) Zawerton of New York, Carol (DiMartino) and her husband, Guido DiPadua of Rhode Island, Theresa DiMartino of Glastonbury; many nieces, nephews, cousins; and an abundance of friends. Renee was predeceased by her paternal grandparents, Salvatore and Anna (Congelosi) DiMartino; her aunt, Lucy (DiMartino) Guerriero; uncles, Lester Norrie, Gene Zawerton, and Jack DiMartino. Renee's legacy to all of us were "The Three L's" - Live kindness; Laugh often; Love much. Renee will always be remembered in love, and with many beautiful memories. Visitation hours, and special prayers for all mankind, will be held September 28, 6-9 p.m. at the Urguhart and Murphy Funeral Home, 800 Greenwich Ave., Warwick, RI. Memorial Mass, September 29, 10:30 a.m., St. Rocco Church, 927 Atwood Ave., Johnson, RI.

Paid Notice published in THE HARTFORD COURANT on 9/17/2001.
Also see these other Articles in this Section;
Radio Shows - Jim Fetzer & The Real Deal:
9/11 World Trade Center Props
Exif/IPTC Metadata:
Video: Fraudulence on 9/11
Death Certificate #0001:
Social Security Death Payments & Other SSDI Related Evidence
The Hollow Towers & Pre-Demolition of WTC:
The World Trade Center Lighting & Picture History
Fireman Actors on 9/11:
Stand In Actors on 9/11:
Flight 11 Frauds:
Flight 175 Frauds:
Flight 77 Frauds:
Flight 93 Frauds:
The 911 Jumper Frauds:
North Tower Frauds:
Pentagon Fraudulent Victims on 9/11:
Media Complicity and Fraud:
Media 9/11 Memorial Frauds:
The 9/11 Memorial Wall:
9/11 & WTC Corporate Fraud:
Pending Research Requests from Lets Roll Members:
MISC: Great Research Links on this Material above:
Former Stickies for the Hussled Masses:
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Old 31 May 2010 , 19:47 PM   #3
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What Price Waterhouse? - The poop on Pricewaterhouse’s Coop

If anyone takes the time to read upon any of the dirt on Price Waterhouse Coopers, it isn't hard to believe at all that this company would be part of such a scheme as that of the Price Waterhouse 5, the 5 employees it allegedly had on the planes which hit the world trade center. Here is the original link to this, and the scroll on PWC is endless as are its many crimes and obvious criminality. My guess is most, if not all of the companies,corporations which were in the world trade center, including PWC are CIA front companies, totally owned by the CIA through proxy.

Original link with far more dirt on PWC- This was just a snippet of that;

Cheers-
Phil





What Price Waterhouse?
~ ~ ~
The poop on Pricewaterhouse’s Coop

Sightings from The Catbird Seat

~ o ~
PricewaterhouseCoopers (or PwC) is the world's largest professional services firm. It was formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand. PwC is the largest of the Big Four auditors, whose other member firms include Deloitte Touche Tohmatsu, Ernst & Young and KPMG.

PricewaterhouseCoopers earned aggregated worldwide revenues of $20.3 billion for fiscal 2005, and employed over 130,000 people in 148 countries.

In the United States, where it is the fourth largest privately owned organization, it operates as PricewaterhouseCoopers LLP.


May 19, 2009


AIG investors to get
$843 million: SEC

WASHINGTON (Reuters) - A federal court has approved the distribution of more than $843 million to harmed investors at insurer American International Group, the U.S. Securities and Exchange Commission said on Tuesday.

The court estimates that checks will soon be mailed to more than 257,000 AIG investors that were affected by an alleged accounting fraud at the company, the SEC said.

AIG, which has been propped up by billions of dollars in taxpayer funds, was charged with [url][url][url][URL="
Click to View Search Results for Google (Search Results) Google (Search Results)
and reported misleading information about its financial condition.

The company, which did not admit or deny the allegations, had repaid its ill-gotten gains, as well as penalties to the government. In 2007, a federal court authorized the SEC to establish a 'fair fund' to distribute the money to harmed AIG investors.

"The commission continues to utilize the tools that Congress provided to ensure that funds are returned to harmed investors to the greatest extent possible," said Dick D'Anna, director of the SEC's office of collections and distributions, in an agency statement.

For more, GO TO > > > AIG: The American Idol of Greed; The Buzzards In Charge of the AIG Bailout; [url][url][url][URL="
Click to View Search Results for Google (Search Results) Google (Search Results)

* * * * *
From...

* * * * *

April 23, 2009
David Kellermann, Freddie Mac CFO, Said To Have Committed Suicide
AP | ALAN ZIBEL and MATTHEW BARAKAT

UPDATE: 11:55 PM: The Washington Post reports more new information about Kellerman's apparent suicide, including the heartbreaking detail that his wife discovered him hanging from a piece of exercise equipment in the basement.
In addition, he was not immune to some of the recent controversies at Freddie Mac:
He and a group of company attorneys tussled with its regulator in early March as the firm prepared to file its quarterly earnings report with the Securities and Exchange Commission. The group insisted that Freddie Mac inform shareholders of the cost to the company of helping carry out the Obama administration's housing recovery plan.
The regulator urged the company not to do so, according to several sources familiar with the matter. An FHFA official contested that account, saying the regulator did not oppose disclosure but how the information was portrayed in the filing.

UPDATE 11:30 PM: More details have emerged about the last few months of David Kellerman's life. According to the New York Times, he was alarmed by the public outcry over bonuses, he arranged security guards to watch his home.

Then early this month, Mr. Kellermann and other executives at Freddie Mac and Fannie Mae became the focus of intense scrutiny when lawmakers learned they would receive bonuses totaling $210 million. Mr. Kellermann was set to receive $850,000 over 16 months. Reporters and camera crews showed up at his home in Vienna, an affluent Virginia suburb of Washington. Fearing that someone might attack his house, his wife or their 5-year-old daughter, he asked the company for a security detail.

According to colleagues, the usually jovial Kellerman had appeared "stressed and overwhelmed by the job." The Wall Street Journal reports:

"He worked himself into a frazzle," a former co-worker said. Colleagues said Mr. Kellermann was involved in dealing with investigations into Freddie's accounting by the Justice Department and the Securities and Exchange Commission, but that there was no indication he was a target or that the inquiries were causing him anguish.
UPDATE 12:35: SEC, Justice Department investigating accounting practices at the agency:

The Wall Street Journal is reporting that the SEC and the Justice Department have been questioning Freddie Mac "officials" on possible accounting violations. The company made the disclosure in an SEC filing in March:

Freddie disclosed in the recent SEC filing that in September it received a federal grand jury subpoena from the U.S. Attorney's Office for the Southern District of New York seeking documents related to accounting, disclosure and corporate-governance matters. That subpoena was later withdrawn, Freddie has disclosed, and the investigation was taken over by the U.S. Attorney's Office for the Eastern District of Virginia.

"We know of no connection between this terrible personal tragedy and the ongoing regulatory inquiries discussed in our recent SEC filing," said David Palombi, Freddie's chief spokesman.

UPDATE 11:30 AM EST: Treasury Secretary Timothy Geithner issued a statement on acting Freddie Mac CFO David David Kellermann's death:
"On behalf of the Treasury we are deeply saddened by the news this morning of David Kellermann's death. Our deepest sympathies are with his family and his colleagues at Freddie Mac during this difficult time."...

Continued at...
http://www.huffingtonpost.com/2009/04/22/freddie-mac-suicide-offic_n_189911.html
# # #
Related information:
* http://www.freddiemac.com/investors/faq.html :
11) Who is Freddie Mac's auditor?
PricewaterhouseCoopers LLP (PwC) has been our auditor since March 6, 2002.

February 6, 2009

PwC dragged into Satyam class action suits

In a new class action lawsuit over the Satyam scandal, global audit major PwC, along with its Indian and international units, has been charged with having 'recklessly disregarded' a multi-year massive fraud by the former management of Satyam, which is already facing many such cases in the US courts.

The lawsuit has been filed in the US District Court, Southern District of New York, by Pomerantz Haudek Block Grossman & Gross LLP law firm against Indian IT firm Satyam, its former chairman B Ramalinga Raju, his brother B Rama Raju and Satyam's outside auditors PricewaterhouseCoopers Pvt Ltd, Price Waterhouse and Pricewaterhouse Coopers International Ltd.

The suit was filed on behalf of purchasers of Satyam's American Depository Receipts between January 6, 2004 through January 6, 2009.

'In addition to allegations of fraud against Satyam and the officer defendants, the complaint alleges that PwC was aware of, or recklessly disregarded, a multi-year massive fraud by Satyam management to overstate the company's earnings and concocting $ 1 billion of cash that didn't exist,' the law firm said in a statement.
'The case further alleges that PwC ignored red flags that should have alerted it to the fraud, and moreover, failed to perform its audits in accordance with the requisite accounting principles,' it added.

Price Waterhouse, the Indian unit of the global audit major, has been maintaining that it followed all the standard accounting principles while auditing the books of Satyam Computers. However, it also said that its auditing on Satyam could be construed invalid if the statements made by Raju in his admission letter on January 7 about the fraud were correct.

Raju had said that the financials of the company were incorrect for past several years, thus inflating the profit and cash position and under-stating the liabilities.
Two partners of PwC have been arrested in India in connection with their audits of Satyam.

Disclosure of the stunning fraud at Satyam materially impacted the price of the company's ADRs. Trading in the company's ADRs was briefly halted after the fraud was revealed, and the ADRs are now currently trading just below two dollars, a precipitous drop from the company's 52-week high of 29.84 dollar, the law firm said.

January 23, 2009
Will Satyam sink PriceWaterhouseCoopers?
Filed under: India, Scandals
After Enron, Arthur Andersen collapsed. With a new bombshell allegation about Satyam Computer Services (NYSE: SAY), will its former auditor

PriceWaterhouseCoopers (PWC) be next? To be fair, I have not seen any evidence implicating PWC in the Satyam scam. But surely PWC can't have been so incompetent that it did not know what its client was doing.

Satyam's CEO, B. Ramalinga Raju, initially claimed that there was a $1.1 billion shortfall between its reported and actual cash. Now an Indian prosecutor alleges that Raju made up 10,000 employees and then used the money those fake employees would have received (net of taxes and insurance) to buy land through almost 400 companies with fake names -- including that of his elderly mother. The prosecutor also alleges that Raju forged documents related to bank deposits.

You can't make this stuff up! And if these allegations are true, it does make me wonder what PWC was doing to earn its fee. There are some basic things that auditors are supposed to do -- like checking a company's bank deposits and comparing those to what management reports or verifying that the employees who are getting paid actually exist. If PWC couldn't pull off these basics, then it was either incredibly incompetent or in with management on the scam.

Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College and editsThe Cohan Letter. He has no financial interest in the securities mentioned.
Tags:accounting, B. Ramalinga Raju, B.RamalingaRaju, India, inthenews, pricewaterhousecoopers, satyam
http://bstocksdev.weblogsinc.com/2009/01/23/will-satyam-sink-pricewaterhousecoopers/

December 16, 2008


THE FINTAG NEWSLETTER
Madoff part 2.
Last Thursday the news broke and it hardly registered a blip on the news radar. Today we face financial meltdown of the hedge fund industry and the loss of tens of billions of dollars and the destruction of livelihoods.

Yesterday I looked critically at the investors who had not read the prospectuses or carried proper due diligence. The problem with Madman Madoff's funds is you could only touch them by investing through feeder funds. These feeder funds were promoted by interested parties who put layers of fees on top and sold them as proper fund of funds.

Take the Fairfield Sentry fund. It has a proper Auditor - PWC, an administrator and a custodian - Citco. It is a BVI fund and is managed by a well known Investment Manager. So far, so good. Ok, the custodian only looks after 5% of the assets (the other 95% are looked after by Madoff) but unless you like reading small print it looks like fine.

The biographies of the managers are respectable, including Jeffrey Tucker who used to work as a lawyer for the SEC. The fund has a board including 2 directors located in risk adverse Switzerland. One of the directors is not paid which is strange but I guess he must be paid elsewhere. Thankfully, Goldman Sachs is a sub custodian although I think Refco must have been a misprint.

The Investment objective is "The Fund seeks to obtain capital appreciation of its assets principally through the utilization of a nontraditional options trading strategy described as "split strike conversion", to which the Fund allocates the predominant portion of its assets. This strategy has defined risk and profit parameters, which may be ascertained when a particular position is established ..." and sounds quite convincing.

I am not so sure about the Investment Restrictions including "e) no more than 10 percent of the Net Asset Value of the Fund may be invested in securities of countries where immediate repatriation rights are not available;" but I like the fact US citizens are excluded - "The Fund will require as a condition to the acceptance of a subscription that the subscriber represent and warrant that he has a net worth in excess of U.S. $1,000,000 and is not a U.S. person".

The 13 year track record averages in excess of 10% a year and its volatility is very low indeed. The fund has grown and subscriptions exceed redemptions so it must be a popular.

Excellent. So where did it go wrong? Well PWC have some explaining to do. It looks like they never validated the underlying investments. Madoff obviously just gave them the NAVs and they took them as red. Citco's care of duty is to look after the assets and it has done so. Shame it only looked after 5% but that is better than nothing. The manager should perhaps have carried out some proper due diligence on the underlying but then it made so much in fees it got a bit punch drunk.
So there you go. A sound investment run by people who didn't quite do their jobs. I take back all my negative posturing and instead tell you how I see it through a slew of crap cartoons and virals....

October 6, 2008
PwC Zapped in $97.5-million Settlement

The auditor, accused by Ohio of violating securities laws in its work with AIG, will pay one of the highest amounts ever for an accounting firm in a class action.

Alan Rappeport, CFO.com

PricewaterhouseCoopers agreed to pay $97.5 million to the state of Ohio to settle a class-action lawsuit on behalf of investors in troubled insurer American International Group, which uses PwC as its independent auditor.

The "partial" settlement, on Friday, came after the Ohio Public Employees Retirement System, the State Teachers Retirement System, and the Ohio Police and Pension Fund filed a lawsuit seeking damages for investors who bought AIG securities from 1999 to 2005. In the complaint, PwC was accused of violating securities laws relating to a market division scheme allegedly involving AIG that was disclosed in 2004 and improper accounting for reinsurance and other transactions.

In May 2005, AIG's accounting problems led to a $3.9-billion restatement, and removal of former CEO Maurice Greenberg.

The settlement is among the 10 highest to be paid by an accounting firm to settle a securities fraud class action lawsuit, according to Nancy Rogers, Ohio's attorney general. The arrangement, however, still needs to be approved by the U.S. District Court for the Southern District of New York in Manhattan.

"This important settlement represents a tremendous result for investors," said Chris Geidner, principal assistant attorney general. "We are pleased with this milestone and will continue to vigorously pursue investors' claims against the remaining defendants in the case."
"We have decided to settle the case at this stage to avoid the enormous litigation costs that would be incurred if the case continued against the firm, while at the same time eliminating any potential exposure," said Steve Silber, a PwC spokesman told The Columbus Dispatch. "The settlement does not contain an admission of wrongdoing by the firm, and we continue to believe that our work was in accordance with professional standards."

AIG currently is facing another lawsuit filed in May by the Jacksonville Police and Fire Pension Fund. The Florida fund accused the insurer of manipulating the market by making false statements about its financial health before disclosing a first quarter loss of $7.8 billion. PwC is not implicated in that lawsuit and in February it gave a warning sign of AIG's problems when it found that there was a "material weakness in its internal control" relating to the accounting of its credit default swaps portfolio.
Last month the U.S. government agreed to an $85 billion bail out of AIG in exchange for warrants to purchase 80 percent of the company, which is selling off several units of its business to repay the loan.

See also: RICO in Paradise

June 6, 2008
Prosecutors said
seeking AIG data


Associated Press

WASHINGTON - Federal prosecutors have asked the Securities and Exchange Commission for material from its probe of whether American International Group Inc. overstated the value of mortgage-linked contracts, according to a newspaper report Friday.

The request to the SEC from prosecutors in the Justice Department and the U.S. Attorney's office in Brooklyn, N.Y., could lead to a criminal investigation of the matter, in addition to the SEC's civil inquiry into AIG. The development was reported in Friday's editions of The Wall Street Journal, which cited unnamed people familiar with the matter.

New York-based AIG, one of the world's largest insurance companies, paid a then-record $1.64 billion in February 2006 in a settlement with federal and New York state authorities over alleged deceptive accounting practices.

The current SEC investigation focuses on AIG's valuation of credit default swaps, which function as insurance policies against defaults, including those backed by subprime mortgages, The Journal reported.

The company in February told the SEC that its outside auditors had found significant weakness in how it reports the value of certain credit default swaps. AIG also said the auditors had concluded that the company "had a material weakness in its internal control over financial reporting and oversight" related to how it determines default probabilities and expected losses on the underlying securities.

Due largely to writedowns related to credit default swaps of more than $20 billion through March, the company posted the two biggest quarterly losses in its history: a $7.8 billion loss for the first quarter, following a loss of nearly $5.3 billion in the fourth quarter.

SEC spokesman John Nester in Washington and Bob Nardoza, spokesman for the U.S. Attorney's office in Brooklyn, on Friday both declined to confirm or deny investigations by the agencies.

AIG spokesman Chris Winans also would not confirm a federal probe. He said AIG has always cooperated with regulators and has "consistently and promptly" provided best estimates of its portfolio valuations and potential exposures of its financial products amid the recent uncertainty in the credit markets.

The finding of material weakness doesn't mean that the company has reported inaccurate financial results, Winans said. "We have clean audited financial statements with no qualifications from our auditors," he said.

< < < FLASHBACK < < <
October 24, 2007


I waited to post this story about AIG's reappointment of PricewaterhouseCoopers as their external auditor. I am incredulous. I was slightly apoplectic too, but then I calmed down.

After all, greater minds than mine, like the famous Arthur Levitt, have made sure that, "AIG's selection process was designed and executed with integrity, and the Audit Committee's evaluation of the proposals was both fair and impartial. AIG did an exceptional job."

It seems Levitt was hired by AIG in 2005 to spruce up their image in the wake of Elliot Spitzer's investigation of AIG. Mr. Levitt's tenure at that time was expected to be less than a year as a special consultant to the Board, but it has obviously taken longer than that to address AIG's governance problems and will continue to take longer to fix them completely, if that's possible. Mr. Spitzer was the former Attorney General for the State of New York and is now their Governor.

The audit committee of AIG's board of directors spent 12 months on the RFP process, which is part of the company's 2006 settlement with the New York Attorney General's Office, said AIG spokesman Chris Winans.

The agreement, Winans said, required AIG to take actions above and beyond the normal annual review of its relationship with the company's independent auditor. This RFP is something we did as part of the settlement agreement, he said. It requires us to do the RFP process for the 2008 fiscal year.

In 2006, AIG agreed to pay a total of $1.64 billion to settle litigation stemming from New York state and federal investigations of its accounting, financial reporting and insurance brokerage practices, and claims related to workers' compensation premium taxes.

Mr. Levitt, therefore, is not a court appointed monitor based on a settlement with the SEC, a la Mr. Breeden and KPMG, but a shill for AIG.
Interestingly enough Mr. Levitt has a long and contentious history with PwC. It all goes back to reforms he wanted to make to how the audit firms did and didn't do business and how PwC was the big stubborn holdout. This was in spite of the fact that they had been nabbed big time with serious independence violations and the SEC could have disqualified the audited financial statements of all of their clients (and caused them to have to resign from those clients) if they had not cooperated with the regulators at the time. For a history of this sword fight, go here.
So it's all the more surprising that Arthur Levitt was willing to stand by and put his imprimatur on the charade which is the reappointment of PwC at AIG. After all, AIG's shareholders are suing PwC. And PwC has been AIG's auditor for as long as they have been in trouble.

I have seen some Google searches regarding this "RFP" process wherein other firms, in particular Deloitte, are searching for more details about why they weren't chosen. Let me give them all a clue... The fix was in.

I have requested via the Freedom of Information Act provisions for the State of New York Attorney Generals office, a copy of the RFP, the responses, the evaluation process and the grading of all proposal submissions. I have heard no response from them. Given that this was a public agency mandated process, I would assume that public disclosure would be mandated. Will make for interesting reading, if so. How can anyone for the Attorney General's Office be sure that it was a fair and competitive process if they also do not see and approve the process that AIG conducted?
As for Mr. Levitt, I am disappointed. I guess everyone has to make a buck. But I had hoped he would do it by being on the side of the investor and the other stakeholders of AIG, and not on the side of perpetuating the myth of a job well done by PwC as AIG's auditor.

Update: One of my favorite writers on these subjects reminded me:
"If you really want to have some fun with this, remember also that Levitt can't let go of his affiliations inside the Beltway -- now acting as co-chair of the so-called
Paulson committee, along with Don Nicholaisen. Looking at the list of members, it's almost sure to be MOTS..."
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Old 31 May 2010 , 22:53 PM   #4
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Great stuff Phil.

PWC was in a perfect position to cover the 911 money trail as they were already neck deep in covering for many of the associated corporate criminals.

Not only did they have all the right clients, but they have SO MANY clients there was a huge haystack in which to hide needles. They have the capability of covering the transfer of money through THOUSANDS of hands, audited only by themselves, making any attempt to folow such a trail impossible.

It would only take a few strategically placed people to make these transactions happen.

I wonder how much of the missing $1.1 Trillion was shuffled to the clients of PWC? They represent some of the largest concerns related to the defense industry, which would be more than enough motive to help cover the operation. Especially since one of the many purposes of 911 was to forever silence the testimony of Rumsfeld and Myers on 9/10.
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Old 6 Jun 2010 , 19:34 PM   #5
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I expanded my hunch last night and started searching on the other firms at or above the impact zones; I googled Aon, Marsh Mclennan, Cantor Fitzgerald and Price Waterhouse; It appears that they are front corporations for the CIA, especially Price Waterhouse. Check this post which was copied from another thread, but needed to be here in this thread as well.

Enjoy-
Phil




Quote:
Originally Posted by 2getherwestand View Post

Sunday, April 4, 2010

Specific Companies in the World Trade Center Targeted on 9/11




Were specific companies in the World Trade Center targeted for attack on September 11, 2001?

Marsh & McLennan, Cantor Fitzgerald/CO2e.com/eSpeed and Aon Corp were engaged in an economic war game scenario with the Naval War College on 9/11. The game involved the use of carbon emissions trading software.

Cantor Fitzgerald/CO2e.com/eSpeed held the patent on the unique software which would be used in the future carbon emissions trading which will result in trillions of dollars of trades. The Carbon Disclosure Project (CDP) located at 10 Downing Street is currently estimated at $55 trillion.

Carlton Bartels, CEO of Cantor’s CO2e.com, invented and held the patent on the computer-based system for simulated automated carbon trading. Bartels was operating this simulated game and it is alleged that his simulation administrator codes were stolen. The game was hacked into which took the game from a simulation to a live game.

Were Marsh & McLennan, Cantor Fitzgerald/CO2e.com/eSpeed and Aon Corp destroyed to eliminate the competition in a future multi-trillion dollar carbon trading market?



Carlton Bartels In 2000, the Joyce Foundation provided a grant to Richard Sandor and Northwestern University’s Kellogg School of Management to develop a competing carbon trading software. At the time, Barack Obama was on the board of directors for the foundation. A second grant was made in 2001 and eventually led to the birth of the Chicago Climate Exchange (CCX) the only emissions reduction and trading system for all six greenhouse gases and the only operational cap and trade system in North America.

The Obama administration is currently strongly pushing carbon emission policy. While leaning heavily on congress, they have also instructed the Environmental Protection Agency to declare CO2 a dangerous threat to human health which will lead to regulation of carbon emissions.

Powerful forces behind the scenes appear to be orchestrating events to set up and profit from a carbon emissions trading system worth trillions of dollars.

The impact area of American Airlines Flight 11 in the North Tower was the offices of Marsh & McLennan. ( See below)

The offices above Marsh & McLennan were primarily Cantor Fitzgerald/CO2e.com/eSpeed. Cantor Fitzgerald was cut off from the rest of the building by the impact and suffered the greatest single loss by any company on 9/11. 658 of its employees died in the north WTC tower. [Business Week, 9/11/2006]

But Thomas Barnett’s two “mentors” at the firm that he interacts with—Bud Flanagan and Philip Ginsburg—are both out of the building at the time, for “accidental reasons,” and survive the attacks. [Institute of International Studies]

Marsh & McLennan loses 295 employees & 60 contractors.

In the South Tower, United Airlines Flight 175 impacts a zone mostly occupied by Fuji Bank. The Aon Corporation offices are above the impact area and they are also cut off. 175 employees of Aon Corp. die in the attacks.

There were 2605 deaths in 2 towers that day. Marsh & McLennan, Cantor Fitzgerald/CO2e.com/eSpeed and Aon Corp lost a total of 1153 persons. That is just over 44% of the total deaths—a staggering amount.

The employees of these 3 companies were a small fraction of the total number of individuals in the two towers but accounted for 44% of the deaths.






Kelly,

I have come back to this article many times because in an odd sort of way it mirrors some of my own thinking and research, howbeit along separate lines.

Quote:
There were 2605 deaths in 2 towers that day. Marsh & McLennan, Cantor Fitzgerald/CO2e.com/eSpeed and Aon Corp lost a total of 1153 persons. That is just over 44% of the total deaths—a staggering amount.

The employees of these 3 companies were a small fraction of the total number of individuals in the two towers but accounted for 44% of the deaths.
As we start investigating each and every passenger, one by one, we find nothing but riddling inconsistencies and obvious make believe pasts or similar. We haven't found a passenger yet that can bear up to any real scrutiny.

Now follow me here because I won't be making any claims, simply asking questions, and am sure everyone,once they see where this is heading will be more then a little interested in researching this themselves.

So we have 3 companies which accounted for 44% of all deaths at the world trade center. All at the impact zones. How utterly convenient.

I had this idea. What if those firms were CIA controlled corporations? Hows that for an ice breaker guys? So, for the first time I start investigating one of the corporations at the world trade center. To see if I might find some CIA connections,.

I did. And it didn't take long;

Google this; AON central intelligence agency


Quote:
C U B A P O L I D A T A · Aon Corporation

- 4:15amAon Corporation (a leading global provider of risk management services) in partnership with ... Central Intelligence Agency Date of Information: 5/4/2010 ...
cubapolidata.com/?tag=aon-corporation - Cached


Aon Corporation


You are currently browsing articles tagged Aon Corporation.


High political risk for Cuba

20100525 at 0535 in Commentary by Armando F. Mastrapa III | 1 comment

Aon Corporation (a leading global provider of risk management services) in partnership with Oxford Analytica (an international consulting firm) produces a yearly Political Risk Map that “provides an indication of overall levels and types of Political Risk in more than 200 territories worldwide.”

Cuba has been identified with high political risk for 2010 by Aon/Oxford Analytica. The island nation received the same rating in 2009.


The rating is based on measures of Cuba’s risk of currency inconvertibility and transfer; strikes, riots and civil commotion; war; terrorism; sovereign non-payment; political interference; supply chain interruption; and legal and regulatory risk.



(Images: Aon Corporation, Political Risk Map 2010.)


Tags: Aon Corporation, civil commotion, Cuba, currency inconvertibility and transfer, legal and regulatory risk, political interference, Political Risk Map, riots, sovereign non-payment, strikes, supply chain interruption, terrorism, war
They seem to mirror the folks over at CIA Factbook or perhaps do a lot of their work for them. My guess is they do a lot of contract work for CIA and are a CIA corporation top down.

Then I went and found similar results for Cantor Fitzgerald and came to the same conclusion.

google this;
Click to View Search Results for Cantor Fitzgerald central intelligence agency Cantor Fitzgerald central intelligence agency

And you will see many of the same connections and wonder if Cantor Fitzgerald wasn't a CIA corporation top down as well;

google this; March Mclennan central intelligence agency

Wala, even more of the same; I wouldn't be surprised when you guys get done tearing the cover off this ball if all the corporations and/or companies at the WTC were CIA front companies or corporations.

Google this; Price Waterhouse central intelligence agency

Are you starting to see a pattern here guys, with all the major corporations and companies who lost huge amounts of people at the WTC? CIA companies, CIA front corporations.

This would also go a long way into solving how it is the WTC was rigged for demolition. It's a lot easier when the tenants are occupying space for that very purpose, to install or allow to have installed whatever was necessary for 9/11 to happen as it did.

It's a new way of thinking along new paths of investigation which are virgin paths, even to this day. I hope you guys one by one will start investigating the corporations at the WTC in detail and expose them for what they appear to be; CIA Corporations and companies. Understanding the complex relationships between Intelligence and Finance is necessary in understanding the truths outlined above;

Citation; Crossing the Rubicon;

CIA, THE BANKS AND THE BROKERS
Understanding the interrelationships between CIA and the banking and brokerage world is critical to grasping the already frightening implications of the above revelations. Let's look at the history of CIA, Wall Street and the big banks by looking at some of the key players in CIA's history.

Clark Clifford - The National Security Act of 1947 was written by Clark Clifford, a Democratic Party powerhouse, former Secretary of Defense, and one-time advisor to President Harry Truman. In the 1980s, as Chairman of First American Bancshares, Clifford was instrumental in getting the corrupt CIA drug bank BCCI a license to operate on American shores. His profession: Wall Street lawyer and banker.

John Foster and Allen Dulles - These two brothers "designed" the CIA for Clifford. Both were active in intelligence operations during WW II. Allen Dulles was the U.S. Ambassador to Switzerland where he met frequently with Nazi leaders and looked after U.S. investments in Germany. John Foster went on to become Secretary of State under Dwight Eisenhower and Allen went on to serve as CIA Director under Eisenhower and was later fired by JFK. Their professions: partners in the most powerful - to this day - Wall Street law firm of Sullivan, Cromwell.

Bill Casey - Ronald Reagan's CIA Director and OSS veteran who served as chief wrangler during the Iran-Contra years was, under President Richard Nixon, Chairman of the Securities and Exchange Commission. His profession: Wall Street lawyer and stockbroker.

David Doherty - The current Vice President of the New York Stock Exchange for enforcement is the retired General Counsel of the Central Intelligence Agency.

George Herbert Walker Bush - President from 1989 to January 1993, also served as CIA Director for 13 months from 1976-7. He is now a paid consultant to the Carlyle Group, the 11th largest defense contractor in the nation, which also shares joint investments with the bin Laden family.

A.B. "Buzzy" Krongard - The current Executive Director of the Central Intelligence Agency is the former Chairman of the investment bank A.B. Brown and former Vice Chairman of Banker's Trust.

John Deutch - This retired CIA Director from the Clinton Administration currently sits on the board at Citigroup, the nation's second largest bank, which has been repeatedly and overtly involved in the documented laundering of drug money. This includes Citigroup's 2001 purchase of a Mexican bank known to launder drug money, Banamex.

Nora Slatkin - This retired CIA Executive Director also sits on Citibank's board.

Maurice "Hank" Greenburg - The CEO of AIG insurance, manager of the third largest capital investment pool in the world, was floated as a possible CIA Director in 1995. FTW exposed Greenberg's and AIG's long connection to CIA drug trafficking and covert operations in a two-part series that was interrupted just prior to the attacks of September 11. AIG's stock has bounced back remarkably well since the attacks. To read that story, please go to http://www.fromthewilderness.com/fre...gs/part_2.html.
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Old 27 Jun 2010 , 14:20 PM   #6
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Exclamation

Original link:



meet General Richard Myers

RICHARD B. MYERS, Ret. U.S. Air Force General, served as Chairman of the U.S. Joint Chiefs of Staff from 2001 to 2005. He was the principal military adviser to President George W. Bush, Secretary of Defense Donald Rumsfeld, and the National Security Council. Gen. Myers previously served as Vice Chairman, which included acting as Chairman of the Joint Requirements Oversight Council, Vice Chairman of the Defense Acquisition Board, and member of the National Security Council Deputies Committee and the Nuclear Weapons Council. He also serves on the boards of Aon Corp., Deere & Company, and Northrop Grumman. Gen. Myers is the Foundation Professor of Military History at Kansas State University and holds the Colin Powell Chair for Leadership, Ethics and Character at the National Defense University. He is a member of the Central Intelligence Agency's External Advisory Board, the Defense Policy Board and the Department of State's Transformation Diplomacy Advisory Board. Gen. Myers has been a UTC director since September 2006.



Now tell me this doesn't matter. One of the Pentagons Joint Chiefs of Staff serving on the very board of a corporation which allegedly got wiped out on 9/11.

Duh-
Phil
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