McConnell points out that Cheney’s opportunity to attempt a front-running coup d’état, arose after Desmarais had invested in Serco’s Contract Towers through Invesco Power and Lynne Cheney, then a director of Lockheed Martin, paid JonBenét’s father at Access Graphics, to develop Network Time Protocol (NTP) for continuity-of-government exercises involving manipulation of the U.S. Navy clock.
#1399 Marine Links NIST's 9/11 Dykes In the Middle Attack to U.S. Navy's Master Clock
Lynne Cheney’s front running notes on 9/11. She allegedly used Desmarais Serco and NIST NTP clocks to stand down the Pentagon’s U.S. Navy Command Center and switch U.S. time to U.K. GMT!
“Why does the pentagon video say september 12,2001? I looked at a picture of the surveillance video and the date said September 12, 2001”
Major Serco Shareholders
Capital Research & Mgmt Co
UBS Investment Bank
Morstan Nominees Ltd
AXA SA [Desmarais]
Baillie Gifford & Company Limited
Lloyds Banking Group PLC
Fidelity International Ltd
Newton Investment Management Ltd
Ignis Investment Services Ltd
In separate filings, New York State Attorney General Eliot Spitzer and the Securities and Exchange Commission accused Raymond Cunningham and his Denver-based company of defrauding shareholders by allowing certain big clients to engage in market timing — frequent, short-term trading that skimmed profits from long-term shareholders.
According to the complaints, Cunningham and other executives set up a system to attract big-money market timers in 2001. The system flourished, despite complaints from portfolio managers and other employees that shareholders were being harmed.
Authorities estimated that market timing of Invesco funds totaled approximately $900 million in assets at the company in 2003.
"IFG and its CEO willingly sacrificed the interests of mutual fund shareholders when market timers dangled the prospect of higher management fees in front of them," said Stephen M. Cutler, director of the SEC's enforcement division. "By granting special trading privileges to selected customers, they readily violated the fiduciary duty they owed to all shareholders and rendered meaningless the funds' prospectus disclosures on market timing."
Invesco Funds denied any wrongdoing Tuesday and said it would "vigorously" contest any charges against the company or its employees.
Regulators are seeking the return of profits made from the market timing as well as civil penalties.
The investigation of the mutual fund industry has already resulted in complaints against other well-known fund companies, including Putnam Investments and the Pilgrim Baxter fund family. Others, including Strong Financial Corp. and Alliance Capital Management, have acknowledged that market timing occurred but have not been charged.
Market timing is not illegal, but is strictly limited by most fund companies because it can skim profits from longer-term shareholders and increase transaction fees. Authorities contend that funds that prohibited or restricted such trades but then made selective exceptions for big clients, such as hedge funds, committed fraud."
"Research Associate Leading Edge Forum Geoff Payne, based in the UK, is a Research Associate within the Advisory Services unit of the Leading Edge Forum. In this role, Geoff works with clients to help them gain value from recent research and channel it towards resolving their most pressing business issues. Geoff has over 20 years’ experience in the IT industry with extensive knowledge of both technology and business issues. During his career, he has undertaken a variety of Chief Architect/CTO/senior advisor roles with multinational organizations such as Sun Microsystems and Serco. At Serco, a $6bn turnover support services organization, Geoff held a Chief Enterprise Architect role establishing the first Enterprise Architecture function within this highly federated multinational business, senior involvement in large scale organizational restructuring programmes, governance and assurance on large (£100m+ TCV) bids, and oversaw significant ERP transformation across the back-office. He also led on the business case and change programme to multisource Serco’s infrastructure services, driving cost efficiency targets and putting in place new capabilities and a revised operating model, taking into account market trends such as consumerization and cloud computing. Prior to Serco, Geoff was CTO at Sun Microsystems in the UK business during a period of enormous change for this organization as it saw huge growth and then suffered the pain of the dotcom bust. Geoff was involved with many of Sun’s larger clients and opportunities and helped to establish the professional services business from a start-up business unit to turnover in excess of $100m per annum. His CTO responsibilities included new service development and knowledge management, and he spent significant time in the US ensuring that the pioneering work undertaken in by the UK business was leveraged by Sun’s global business. [allegedly worked on Network Time Protocol to substitute GMT for USNO clock during Cheney's continuity of government exercise on 9/11]"
“[Desmarais and Serco's money laundering banker HSBC financed operation of the NPL cesium clock for front running Libor frauds through 9/11 - Kristine Marcy used HSBC loans to install cesium clocks in E4B Nightwatch E/W aircraft for Cheney's attempted coup on 9/11] Small Business Administration Loan1 From a fresh start to financing an acquisition, HSBC's Small Business Administration (SBA) Loan Program helps startups and growing businesses to facilitate the right term and loan amount.
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Loan actually comes from a HSBC lender, not government
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Program can be utilized when some aspect of the credit request falls outside of the scope of HSBC's credit approval guidelines”
More to follow.
Abel Danger Blog