One who intends to leave others better off for his having existed.

12/2/14

Goldman Sachs, Wells Fargo, Wachovia and Perella Weinberg Story

On February 17, 2016 as a pro se litigant, I survived a motion to dismiss in a federal court which implicates many Wall Street execs with false SEC certifications, securities fraud and insider trading during the financial crisis .

Wachovia's shareholders were misled, including perjury on a North Carolina business court.

I can provide documentation of the following;

In 2008 and 2009, Wachovia borrowed billions from the Federal Reserve’s Term Auction Facility (TAF) with an undisclosed and underutilized  Federal Reserve credit line worth more than $50 Billion.

After working at Goldman Sachs from 1976 to 2004 and serving with Hank Paulson at the US Treasury Department, former Wachovia CEO Robert Steel, with the help of former Goldman Sachs colleague Peter Weinberg and Goldman Sachs, misled Wachovia's board of directors to sell Wachovia to Wells Fargo for a $50 million commission split between Perella Weinberg Partners and Goldman Sachs, without telling Wachovia shareholders of massive undisclosed Federal Reserve credit lines.

As Wells Fargo also borrowed from the same Term Auction Facility with a massive undisclosed credit line, both Steel and Wells Fargo CEO John Stumpf illegally traded their company's stocks with inside information and falsely certified SEC and merger related court filings.

After paying Peter Weinberg's Perella Weinberg Partners $25 million and Weinberg and Steels' former employer Goldman Sachs $25 million to advise Wachovia on the merger with Wells Fargo, Steel became CEO of Perella Weinberg Partners in 2014.

Robert Steel then earned some of the money he allocated to Perella Weinberg Partners as Wachovia's CEO after he sold Wachovia to Wells Fargo for substantially less than it was worth and misleading a North Carolina Business Court without consequence, costing Wachovia shareholders including North Carolina's pension plan more than $42 billion.

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