To whomever it may concern:
I would send an E-Mail to the US Attorney in your district
relating the aforementioned. However, "whistle blowers" are
often retaliated against by the criminals who are reported
by the same. This form of retaliation often takes the form
of character assassination, employment black listing, and
personal attacks and defamation.
I was a whistle blower in the Phen-Fen echo cardio gram
settlement scandal. Although I exposed the fraud of law
firms with regard to false echo reports that saved the
settlement trust hundreds of millions of dollars, I was not
compensated anything more than the cost of one days
deposition with regard to the same. I was also subjected to
what I believe was employment blacklisting, defamation, and
other illegal acts by the law firms who are now subject to
"Rico Penalties" (Organized Criminal ActivitY) penalties
with regard to the same by Federal Court Order.
Be careful! The government will not protect you and the
criminals will be out to get you. But I believe that you
should report the same to the US Attorney to avoid being
implicated in this matter.
wooks wrote:
I would appreciate some advice with this situation.
I used to work for a foreign subsidiary of a major US corporation,
that has now been shut down and sold off. There are some very
questionable aspects to the way the sale was handled. Here are the
facts.
1. The UK subsidiary (Company A) sold a business to another UK company
(Company B also a subsidiary of a foreign corporation).
BUT
2. The sale was routed through a company that had been set up 3 weeks
earlier in the British Virgin Islands (an offshore tax haven).
3. The UK subsidiary filed accounts stating that they had sold a
business to the offshore entity and received approximately $100k for
it. The Accounts were signed by the Chief Executive of the US
corporation who is also a director of th e UK subsidiary. No reference
was made to the actual acquirer in the accounts Company B or for that
matter the offshore entity. The accounts simply say the sale was to
former management but does not specify who the former management are.
4. Company B's accounts state that they acquired the entire share
capital of the offshore entity. The price approx $3m. No reference is
made to Company A being the source of the business.
THE ISSUES
1. It appears that about $2.9m has "disappeared" into the British
Virgin Islands into the pockets of whoever controlled the offshore
entity.
2. It appears that the shareholders of the US corporation have been
short changed because the proceeds of the sale have been reported at
an undervalue.
Does the above constitute a felony in a US jurisdiction. If so what
and what is the penalty.
If not what is it. To which authority if any should it be reported too
(my first guess is the Securities Exchange Commission)
