Welcome to the Coatesville Dems Blog

Public Corruption in Chester County, PA

I believe an unlikely mix of alleged drug trafficking related politicos and alleged white nationalist related politicos united to elect the infamous “Bloc of Four” in the abysmal voter turnout election of 2005. During their four year term the drug business was good again and white nationalists used Coatesville as an example on white supremacist websites like “Stormfront”. Strong community organization and support from law enforcement, in particular Chester County District Attorney Joseph W. Carroll has begun to turn our community around. The Chester County drug trafficking that I believe centers on Coatesville continues and I believe we still have public officials in place that profit from the drug sales. But the people here are amazing and continue to work against the odds to make Coatesville a good place to live.

Thursday, August 25, 2011

Shredded Justice, Rolling Stone & The difference between Mafia and Wall Street

Nicky Scarfo  allegedly dabbled in mortgage derivatives with “FirstPlus Finiancial Group Inc.”
The FBI was all over Scarfo's companies while the SEC gave "Get Out of Jail Free" cards to Wall Street Bankers. The difference: The non-Mafia investment bankers could offer lucrative comfy jobs in their companies to SEC regulators. I don't think the FBI would be interested in a job offer from Scarfo's associates. 
Scarfo's companies: 
Rutgers Investment Group, LLC 
121 North Wayne Avenue
Suite 210
Wayne, PA 19087
Firstplus Financial Group, Inc.
Is the SEC destroying evidence and covering up Wall Street crime

Organized crime and Wall Street-Or maybe it’s organized crime mimicking the big time criminals on Wall Street

I can relate to the “Shredded Justice” article on a personal level.  I run into statements that I find very frustrating such as, “Well that’s not enough evidence to convict someone of a crime”. That’s true but not relevant.  The result of keeping information of possible crimes from law enforcement is there is no record to connect any future suspicious action with. A pattern of suspicious actions and behavior can reach a level that triggers a full investigation. And there is RICO-Racketeer Influenced and Corrupt Organizations Act. With RICO it’s not any particular individual crime. The CRIME is a PATTERN of racketeering activity connected to an enterprise.
Maybe this excerpt from “Shredded Justice” will make what I wrote above clearer:
“The SEC not keeping the MUIs-you can see why this would be bad,’ says Markopoulos, the fraud examiner famous for breaking the Madoff case, ‘The reason you would want to keep them is to build a pattern. That way, if you get five MUIs over a period of 20 years on something similar involving the same company, you should be able to connect five dots and say, “You know, I’ve had five MUIs-they’re probably doing something. Let’s go tear the place apart”

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