Judge Jed S. Rakoff Says S.E.C. Misled Two Courts in Citi Case

Judge Says S.E.C. Misled Two Courts in Citi Case

WASHINGTON — The federal judge overseeing the Securities and Exchange Commission’s fraud case against Citigroup became even more direct in his criticism of the agency’s actions on Thursday, accusing the commission of misleading both his court and the federal court of appeals.

Judge Jed S. Rakoff of the Federal District Court in Manhattan issued a supplemental order saying that the S.E.C. appeared to file a “materially misleading” request with the Court of Appeals for the Second Circuit earlier this week, when the commission sought an emergency halt to further proceedings in the case.

The S.E.C. was seeking the temporary stay while it appealed Judge Rakoff’s earlier decision to reject a proposed $285 million settlement between the two parties and to order the two sides to prepare for a July trial.

rest from the NY Times here…



12 Responses to “Judge Jed S. Rakoff Says S.E.C. Misled Two Courts in Citi Case”
  1. lvent says:

    Maybe the Judge recongnizes they are all full of shit.?.This is another attempt to cover up for the massive securties fraud and other massive frauds!!!

  2. This delete happened a while back then quite! I hope everyone gets this info intime to help the Hawian family and Holy’s family:
    Keep this info and call ofter to protest the injustice and crimes of the banks.


    Doug & Holly Niemic
    Raleigh, NC
    Loan Number: 0157248618

    And look what I found… a whole list of Email addresses for Wells Fargo execs, but let’s start with letting Mr. John Stumpf know how littler we think of this situation his bank has created. Let’s let him know we’re here and we’re paying attention… and that there are quite a few of us.

    Chairman of the Board, President, CEO: John.G.Stumpf@wellsfargo.com

    John Stumpf (415) 396-7018
    CEO: John G. Stumpf
    420 Montgomery St.
    San Francisco, CA 94163

    Sharon Cecil, Assistant to Both


    Todd M. Boothroyd
    Senior Counsel, Real Estate Division


    **** Kovacevich (415) 396-4927


    John Stumpf (415) 396-7018
    CEO: John G. Stumpf
    420 Montgomery St.
    San Francisco, CA 94163


    Mark Oman (515) 324-2035


    Cara Heiden (515) 213-4040
    Executive number for members to use to escalate the mod process 1-800-853-8516.
    Executive Communications
    MAC X2302-02J 800 S. Jordan Creek Parkway
    West Des Moines, IA 50266


    Denise Erickson
    Executive Mortgage Specialist, Office of the President, WF Home Mortgage
    MAC X2302-019
    1 Home Campus
    Des Moines, IA 50328


    Cara K. Heiden, CEO


    Mary Coffin, Vice President


    And a few more… just in case…

    Executive Vice President, General Counsel: James.M.Strother@wellsfargo.com

    Executive Vice President, Controller: Richard.D.Levy@wellsfargo.com

    Senior Executive Vice President – Wholesale Banking: David.A.Hoyt@wellsfargo.com

    Senior Executive Vice President David.M.Carroll@wellsfargo.com

    Senior Executive Vice President: patricia.r.callahan@wellsfargo.com

    Senior Executive Vice President, CIO: kevin.a.rhein@wellsfargo.com

    Senior EVP, Community Banking: Carrie.L.Tolstedt@wellsfargo.com

    Senior Executive Vice President: AVID.MODJTABAI@wellsfargo.com

    The Board of Directors, Wells Fargo Bank: BoardCommunications@wellsfargo.com

  3. Pamela Edwards says:

    Thank you for your info.It’s still for the birds .

  4. Bobbi Swann says:

    @ Pamela – Because the site uses Google it is an advertising banner that appears. I don’t think it has anything to do with a personal selection by Fraudclosure, but the timed-out thing may be coming from Google as well…. see below what I got from Google on their ad banners for each site:

    The AdChoices icon appears on sites that use Google’s AdSense program to show ads. While Google often shows you ads based on the content of the page you are viewing, we also show some ads based on the types of websites you visit, view, or where you interact with an ad or other Google product supported by Google’s advertising services. In doing this, Google doesn’t know your name or any other personal information about you. Google simply recognizes the number stored in your browser on the DoubleClick cookie, and shows ads related to the interest and inferred demographic categories associated with that cookie. It’s our goal to make these ads as relevant and useful as possible for you. Google doesn’t create categories, or show ads, based on sensitive topics such as race, religion, sexual orientation, or health.

    • To Tell The Truth says:

      Google keeps permanent records of every search and Google does know who is doing the searches, etc, what country they are in what time and who is doing the search…I firmly beleive it is owned by the gov. Google does more than meets the eye…

  5. Pamela Edwards says:

    This time out crap is for the birds.Antone notice Citi advertises here?

  6. talktotennessee says:

    Compose your message in email or word and lift and paste onto the website before it times out. Sometimes works!

  7. talktotennessee says:

    Wondered if it is a limiting factor to discourage posting but posting is as important as some of the posts as we learn things from posters on other related issues.

  8. Bobbi Swann says:

    @ Litigant – I emailed Lisa Epstein and she replied that they are getting a lot of complaints and they are looking into the matter.

  9. Litgant says:

    This thing times out to fast. Then deletes the post when you go back. This is not good.

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