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Thursday, November 10, 2011

Local News | State to cast wide net for Asarco smelter pollution | Seattle Times Newspaper

Local News | State to cast wide net for Asarco smelter pollution | Seattle Times Newspaper

2009 gambling debts of Deceased President Swiss bank ," Asarco "

"In April 2009 MGM Grand casino in Las Vegas provided Katamaninu
[Russian Citizen] a loan of 2.5 million dollars. Casino, owned by
Harrah, in May 2009, lent him 1.2 million dollars, and in early July of
that year Katamanin borrowed 95,000 dollars from the casino Wynn Las
Vegas. Lawyers Trump Taj Mahal casino in Atlantic City say that
Katamanin owed him 3.2 million... "

HSBC Holdings Plc accused of aiding Madoff's fraud Dec. 6 2010

"Dec. 6, 2010

HSBC Holdings Plc, Europe’s biggest lender, was sued for $9 billion over claims it aided Bernard Madoff’s fraud through a network of feeder funds in Europe, the Caribbean and Central America.  Irving H. Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, sued HSBC and a dozen feeder funds in U.S. Bankruptcy Court in Manhattan, Picard said in a statement....The suit alleges the bank was aware of concerns that Madoff’s investment business was fraudulent and didn’t take steps to protect investors, according to the statement. .... HSBC said in a statement that Picard’s allegations are “unfounded” and that it will defend itself against them in court."

What do Asarco, HSBC and Petrobras have in common

"January 6, 2011

Six deals on which Cleary Gottlieb advised during 2010 were named as “Deals of the Year” by International Financing Review.

The award-winning deals are:

Latin America Equity Issue of the Year: Petrobras’s $70 billion follow-on offering. (Cleary Gottlieb represented Petrobras. This is expected to be largest equity offering ever.) ....Financial Bond—Subordinated Debt: HSBC’s $3.8 billion $25 par capital securities. (Cleary Gottlieb represented HSBC.) Latin America Loan of the Year: Americas Mining Corporation’s $1.5 billion loan. (Cleary Gottlieb was counsel to a bank syndicate. The loan was used to fund Americas Mining plan of reorganization for its U.S. copper unit, ASARCO LLC.)"

Asarco's former principle Creditor (Harbinger group) tied to HSBC bank through ....

Tony Pace
  • Title:  Controller at Harbinger Capital Partners
  • Demographic info:  Greater New York City Area | Financial Services
  • Current:  Controller at Harbinger Capital Partners, U.S. Head of Fund Accounting and Financial Reporting at HSBC, Alternative Fund Services
  • Past: VP Fund Treasurer at Reich & Tang Funds, Director of Client Service Group at GlobeOp Financial Services, Controller – Director of Mutual Fund...
  • Education: Hofstra University
  • See also:
    "HSBC’s China gold futures foray... By REUTERS
    Published: Aug 4, 2011 17:24 Updated: Aug 4, 2011 17:24
    SHANGHAI: China giving HSBC Holdings Plc entry to its gold futures market, a first for a foreign bank, is likely a [predictor] of a further opening to local and overseas institutions to trade the precious metal.....China’s moves to free up its gold market will not only create more trading opportunities for foreign banks, but it will also allow them to tap growing local demand for gold investment products.....By letting in HSBC, one of the world’s leading gold trading houses, the SHFE will pave the way for more foreign and local banks to join the market — a big step toward the liberalization of the tightly controlled gold sector and one that could help deepen the derivatives market...."

    July 2011 Former ASARCO principle-creditor/ Hedge Fund's operating chief resigns....

    "Harbinger Capital's operating chief resigns 
    The Wall Street Journal 06 Jul 2011

    Hedge-fund firm Harbinger Capital Partners, founded by Philip Falcone, said Tuesday that Peter Jenson has resigned as chief operating officer and director....Jenson, who left Citadel Investment for Harbinger in 2009, was responsible for all operational activities of the funds....Meanwhile, Harbinger Group, a publicly traded company majority-owned by Harbinger Capital, has appointed Omar Asali as acting president, succeeding Falcone, who will continue to serve as chairman and chief executive....Asali, who is a managing director and head of global strategy for Harbinger Capital, was previously co-head of Goldman Sachs's hedge-fund strategies. "

    Harbinger Capital Partners manager left

    "After more than eight years working beside Philip A. Falcone, the embattled hedge manager of Harbinger Capital Partners, Lawrence Clark, a top investment manager at the firm, confirmed on Monday that he had left to start his own fund.   Mr. Clark, 39, plans to start an event-driven hedge fund focused on metals, mining, food and agriculture, areas that he covered as a senior analyst when he reported directly to Mr. Falcone.....It’s about ....striking out on my own,” Mr. Clark said, noting that he remained on the board of Mr. Falcone’s public company, the Harbinger Group."

    [see "Harbinger" within epgtlo's internal search engine for more information]