Example 1 - WESLEY CLARK The lack of cooperation has stymied efforts to recoup investor losses, she said, in one of the largest sprees of alleged financial crimes in recent memory -- one that has gone largely unnoticed by most Americans.
More than 100 China-based companies have now been de-listed, have left the NASDAQ and New York stock exchanges, have been denied listing, or have withdrawn applications, all following allegations of fraud or accounting irregularities, the ABC News investigation found.
But experts estimate that Americans -- everyone from small investors to hedge-fund titans -- have lost tens of billions of dollars in the suspect Chinese investments. Prosecutors in the Bernie Madoff case calculated that his investors lost about $20 billion in his decades-long Ponzi scheme.
http://www.kmbz.com/US-Officials-China- ... t/15230092
by "investor losses" that means union pension funds got screwed and teachers, janitors and cow-sperm collectors will be eating broth for lunch in retirement
not mentioned here is the winner, though ... the non-existent Chinese companies were listed on NASDAQ with the aid of securities marketing firm Rodman-Renshaw nominally run by Chairman the retired American Gen. Welsey Clark, one of 8 different corporate directorships he's been awarded in the last 10 years ... since retiring from the U.S. Army, Gen. Clark has increased his annual take-home earnings from $150,000/year to more than $15 million/year ... he has nothing more than an undergraduate degree in history and his only work experience is as an infantryman
The U.S. government collects taxes, assigns a portion of those taxes to government spending managed by Clark who, in turn, uses his policymaking power to guarantee a massive, post-retirement personal fortune.
