Wall Street Journal Re Proskauer Rose & Sir Allen Stanford
Thursday, August 27th, 2009
May 14, 2009, 3:03 PM ET
Indictment Cranks Up Heat on Proskauer’s Sjoblom
Tuesday’s indictment (click here) in the Stanford Financial Group matter was focused primarily at Laura Pendergest-Holt, the firm’s chief information officer. Pendergest-Holt pleaded not guilty on Thursday to the two charges lodged against her — both related to an alleged plot to obstruct an SEC investigation into the company.
But the indictment also turns up the heat on Proskauer Rose partner Tom Sjoblom, about whom we’ve posted before (here, here and here), and whom Pendergest-Holt herself sued in March. Click here for a story from Business Week on the matter.
The indictment alleges that “Attorney A” (Sjoblom) and others made misleading statements to the SEC in February in order to cause the agency to delay interviewing Allen Stanford and the Stanford CFO about the firm’s financial condition. Sjoblom, the indictment alleges, also misled the SEC by telling the agency that Pendergest-Holt and Stanford’s president would be better witnesses who could offer the agency better information regarding the firm. Sjoblom allegedly said that Stanford and his CFO “were executive level officers who were not involved in the ‘nuts and bolts’ of business operations and could not tell the SEC attorneys about details” of the firm’s assets. The SEC agreed to delay the depositions of Stanford and his CFO.
Sjoblom has not been charged with wrongdoing.
The indictment then alleges that Sjoblom sent an email to Pendergest-Holt and the Stanford CFO regarding the need to tell the SEC about all of the firm’s investments. He wrote that they needed to “rise to the occasion” and that “our livelihood depends on it.”
Later, of course, prosecutors say Pendergest-Holt twice lied during sworn testimony before the SEC by saying she didn’t know about a key part of the firm’s investments, known as Tier III. The value of those investments, purportedly worth billions of dollars, was largely fictional, the trustee of Stanford’s firm said in a recent report.
James Cole, Sjoblom’s attorney, did not immediately return a phone call. We’ll let you know if we hear back.
-
-
I thought lying to the SEC was the job.
-
-
-
Let’s not be so snobbish about law schools. There are fine lawyers that graduated from William Mitchell, although I know nothing about Mr. Sjoblom. I don’t understand why anon at 4:46 would smear all graduates of that school. And I’m not defending it because I went to it — actually, my degree is from a Big Ten law school (aka, the best collection of law schools in the country).
-
-
-
If Laura Pendergest-Holt is the firm’s chief information officer, she must know everything, right? Not the CEO, not the CFO. Once again, the SEC has shown it is an agency in total collapse, staffed by incompetent clerks who look to indict nobodies while leaving the masterminds alone, if the SEC can. Stanford should have been called before the SEC first, he was running the show. Instead, the SEC calls Laura in, represented by an attorney who tosses her to the wolves. There is a difference between being wrong with the facts and lying, a difference the SEC bureaucrats do not care about when they are looking to indict low hanging fruit. And Laura Pendergest-Holt is some peach, although that is no justification for a homely SEC female functionary to push for poor Laura’s indictment.
-
-
-
anybody that went to willy mitchell or a big ten law school is a joke — michigan and northwestern are pretenders and the mid-20 rankings of the also-rans like iowa, minnesota, etc. — are you kidding? so sad.
-
-
-
What in the name Hades is the derivation of “Sjoblom”?
-
-
-
At 6:43a, the poster says that it is “so sad” that the Big Ten even has law schools. Well, it has eight schools in the top 35. With my Big Ten law degree, over the last 30 years, I’ve trounced lots of people with Top 5 law degrees — too many to count, both in court and in the workplace. I very successfully competed against the Ivies and other so-called T14s (what a joke to try to separate those from the rest!) when I was at a federal agency, and I very successfully compete with them now that I am a partner at a Top 20 law firm. The joke is on the poster, who thinks that his/her T14 degree gives some clear advantage. Don’t look in the mirror — you’re about to be run over by someone with a degree that is not T14. Then go and whine that “they just don’t get it.” Correct: we just don’t get it.
-
-
-
1:31 asks the derivation of “Sjoblom.” It’s obviously Norwegian. Great name. Love those Norwegian names.
-
-
-
MADOFF + STANFORD + DREIER + SATYAM + FISERV + ALBERT HU + The 1031 Tax Group LLC – Edward H. Okun = PROSKAUER ROSE & FOLEY & LARDNER
Investors who have been burned in these scams should start to seek redress from the lawyers who were involved with these scams. I personally have been trying to notify regulators and authorities of a ONE TRILLION DOLLAR scam that is putting states like New York and Florida at huge risk, as well as, companies like Intel, Lockheed, SGI and IBM. The states and companies involved in the fraud fail to acknowledge the risk exposing shareholders and citizens to impending liabilities. Investigators, courts and federal agents ignoring the crimes and evidence, including a car-bombing attempt on my life. I know how Harry Markopolos felt trying to expose Madoff in a world without regulation.
Did I hear Proskauer Rose is involved in Madoff (involved many clients too) and acted as Allen Stanford’s attorney. Investors who lost money in these scams should start looking at the law firm Proskauer’s assets for recovery. First, Proskauer partner Gregg Mashberg claims Madoff is a financial 9/11 for their clients, if they directed you to Madoff sue them. Then, Proskauer partner Thomas Sjoblom former enforcement dude for SEC and Allen Stanford attorney, declares PARTY IS OVER to Stanford employees and advises them to PRAY, this two days before SEC hearings. Then at hearings, he lies with Holt to SEC saying she only prepared with him but fails to mention Miami meeting at airport hanger. Then Sjoblom resigns after SEC begins investigation and sends note to SEC disaffirming all statements made by him and Proskauer, his butt on fire. If you were burned in Stanford sue Proskauer.
Proskauer Rose, Foley & Lardner and Michael Grebe (former RNC Counsel, Bradley Foundation CEO and Former Foley CEO) are also in a TRILLION dollar FEDERAL LAWSUIT legally related to a WHISTLEBLOWER CASE also in FEDERAL COURT. Marc S. Dreier, brought in through Raymond A. Joao of Meltzer Lippe after putting 90+ patents of mine in his own name, is also a defendant in the Federal Case.
The Trillion Dollar suit according to Judge Shira Scheindlin is one of PATENT THEFT, MURDER & A CAR BOMBING. For graphics on the car bombing visit http://www.iviewit.tv.
The Federal Court cases
United States Court of Appeals for the Second Circuit Docket 08-4873-cv – Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al. – TRILLION DOLLAR LAWSUIT
Cases @ US District Court – Southern District NY
(07cv09599) Anderson v The State of New York, et al. – WHISTLEBLOWER LAWSUIT
(07cv11196) Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al.
(07cv11612) Esposito v The State of New York, et al.,
(08cv00526) Capogrosso v New York State Commission on Judicial Conduct, et al.,
(08cv02391) McKeown v The State of New York, et al.,
(08cv02852) Galison v The State of New York, et al.,
(08cv03305) Carvel v The State of New York, et al., and,
(08cv4053) Gizella Weisshaus v The State of New York, et al.
(08cv4438) Suzanne McCormick v The State of New York, et al.
( ) John L. Petrec-Tolino v. The State of New York
-
Sjoblom got his law degree at something called William Mitchell College of law — no kidding. So what do you expect?