Monday, May 19, 2014

Compiled by Alex Contantine.

David C. Farmer, Successor-Trustee vs. Harmon
(Formerly Woo vs. Harmon & Nicholson vs. Harmon)
U.S. District Court For the District of Hawaii
Address to be determined.
From SourceWatch:
Jules B. Kroll is Executive Chairman of the Board of Kroll, Inc. According to his corporate biography, "Jules Kroll is the acknowledged founder of the modern corporate investigative and security industry. More than 30 years ago, he created a new professional service by matching sophisticated fact-gathering techniques to business and financial decision-makers' needs for accurate information and by staffing his firm with former prosecutors, law enforcement officials, management consultants, and journalists....
"As executive chairman of the board of Kroll Inc., Mr. Kroll is responsible for the strategic development of the world's premier risk consulting company. Kroll Associates, which he founded in 1972 as a consultant to corporate purchasing departments, is now a publicly-held, Nasdaq-traded corporation with more than 2,100 employees and offices in more than 60 cities on six continents. Kroll's reputation for high-quality investigative work was established on Wall Street in the 1980s and spread internationally in the 1990s as the firm successfully tracked down assets hidden by Jean-Claude 'Baby Doc' Duvalier, Ferdinand and Imelda Marcos, and Saddam Hussein. Today, Kroll serves a multinational client base of corporations, law firms, non-profit institutions, government agencies and individuals, providing a wide range of risk consulting services which include corporate restructuring, forensic accounting, data recovery and computer forensics as well as investigations, intelligence and security....
“Mr. Kroll received a B.A. degree from Cornell University in 1963 and an LL.B degree from Georgetown University Law Center in 1966. He was admitted to the New York Bar in 1967 and began his career as an assistant district attorney in Manhattan.
"Mr. Kroll is a member of the Board of Visitors of the Georgetown University Law Center and a director of Presidential Life Insurance Company. He previously served on the Board of Regents of Georgetown University and the Board of Trustees of Cornell University, and the Citizens Budget Commission of New York City."
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November 29, 2004
Insurance Noir
Neil Weinberg and Michael Maiello, Forbes
Private eyes Jules Kroll and Mike Cherkasky made a fortune off others' misfortunes. Never more so than in selling their firm to--and then taking over – Marsh & McLennan.
It was a nice present. After more than a decade of futile attempts to cash out of his namesake investigative firm, Kroll Inc., Jules Kroll got what he wanted on his 63rd birthday, May 18. Marsh & McLennan announced it was swooping in with $1.9 billion in cash.
The buyout represented a 33% premium on Kroll's shares. It also meant a $117 million payday for Chairman Jules Kroll and family, plus another $15 million for Chief Executive Michael Cherkasky.
The partners touted the deal as a snug strategic fit. But behind the buyout is a mysterious subplot worthy of a private-eye novel: Did Marsh Mac buy Kroll thinking it was an insurance policy against an impending crackdown by New York Attorney General Eliot Spitzer?
By early this year Marsh Mac was under the regulatory gun. Its Putnam Investments unit had been nabbed for wrongful mutual fund trading by Spitzer. Its Mercer Consulting unit was under Securities & Exchange Commission scrutiny for possible conflicts of interest in its pension advisory arm.
On Feb. 2 Jeffrey Greenberg, then running Marsh Mac, rang up Jules Kroll and proposed a buyout. Kroll, who did not respond to requests for comment, was the godfather of crisis managers; his storied firm had handled everything from monitoring the cleanup of the Los Angeles Police Department to uncovering Saddam Hussein's stolen Kuwaiti riches. Marsh Mac and Kroll already had long-standing business ties. Kroll had done many investigative assignments for Marsh Mac over the previous two years. Kroll, in turn, had transferred its employees' 401(k) plans to Putnam in 2001 and had recently hired Mercer to do an executive compensation study.
Kroll also had Cherkasky, a former prosecutor in New York with professional and personal ties to many regulators and law enforcement authorities--including Spitzer. Cherkasky is Spitzer's tennis pal and former boss in the Manhattan district attorney's office.
Jules Kroll agreed to consider a buyout "under the right circumstances." In mid-April Marsh Mac offered $31 per Kroll share, half in stock. Then on Apr. 23 Spitzer hit Marsh Mac with subpoenas seeking reams of information about its giant insurance brokerage.
Marsh Mac's crisis appears to have played into the hands of Kroll and Cherkasky. They pushed a few days later for a fast close and better terms. Marsh Mac quickly agreed to a beefed-up $37-per-share, all-cash deal, with a proviso that certain Kroll execs stick around. Cherkasky's package included a $6.3 million retention bonus when the deal closed.
He says he made it clear he was not about to do Marsh Mac's bidding in front of Spitzer. "I said, ‘I don't do Spitzer,'" Cherkasky says. Greenberg didn't expect him to, his lawyer concurs. But a little insurance never hurts. When the attorney general whacked the firm with a civil fraud complaint Oct. 14, charging its insurance brokerage with bid-rigging, it took Greenberg one day to install Cherkasky as the unit's new chief executive and Spitzer-handler.
With Spitzer pressure building, on Oct. 25 Greenberg resigned and Cherkasky took over the entire company. Later that day Spitzer withdrew his threat to criminally indict Marsh Mac, which could have been a corporate death sentence.
Cherkasky admits his Spitzer-handling skills are part of his appeal. But he says his ties with Spitzer go only so far. "We're not going to pay one dollar less in restitution than if I wasn't here. It's just not going to happen," he says. In any case, Marsh Mac investors will need all the help they can get.
~ ~ ~
July 13, 2008
Jules Kroll: A Corporate Detective Is Saying Farewell
NYT/July 6, 2008
Jules B. Kroll has turned up in some of the most visible cases involving corporate forensics.
Jules B. Kroll in 1994. Clients of his corporate intelligence company have including the government of Kuwait. It hired the firm to find Saddam Hussein’s hidden assets.
It all started 36 years ago, after Mr. Kroll made a bid to become a councilman at large in Queens but failed. Drawing on his background as a former assistant district attorney in Manhattan and his experience in the family printing business, he began consulting for corporate purchasing departments that were concerned about inefficiency or were suspecting corruption.
Mr. Kroll and the firm that emerged, Kroll Inc., became pioneers in modern corporate security and intelligence. Now, at age 67, Mr. Kroll is retiring from the company, which was acquired by the Marsh & McLennan Companies in 2004.
He says his most memorable case was when the Kuwaiti government hired the firm to look for Saddam Hussein’s hidden assets and arms procurement network after Iraq invaded Kuwait in the early 1990s. Forty people worked full time for two years digging into public filings as part of that effort, Mr. Kroll said.
His firm also did work for the family of Roberto Calvi, a financier with ties to the Vatican who was found hanging from a London bridge in 1982. (First ruled a suicide, the death was later called a murder and remains unsolved.) Kroll also worked for a government-appointed administrator in Italy after $5 billion assumed to be in a bank account of the dairy company Parmalat was found not to be in the account. (Parmalat sued its banks; the banks denied wrongdoing.)
Mr. Kroll said technology had made his work more accurate and efficient in recent years. But, he added, people are crucial: “Technology is no substitute for a really good source.”
Posted by Alex Constantine
~ ~ ~
NEW DISCOVERY (04-21-09): David Farmer’s undisclosed connections with AIPAC, Jules Kroll, Jeff Greenberg, etc:
David C. Farmer, Successor-Trustee vs. Harmon
(Formerly Woo vs. Harmon & Nicholson vs. Harmon)
U.S. District Court For the District of Hawaii
A few words of explanation:
In his "MEMORANDUM IN OPPOSITION TO DEBTOR'S MOTION FOR ORDER TO DISAPPROVE APPOINTMENT OF DAVID C. FARMER AS SUCCESSOR TRUSTEE", filed with the Court on August 24, 2007, the Trustee's attorney, Steven Guttman, Esq., of the law firm, Kessner Umebayashi Bain & Matsunaga, stated to the Court:
"... Harmon is once again attempting to create issues of conflict where none exist by attempting to draw connections between phantom dots."...
Mr. Guttman does not elaborate beyond this simple statement of HIS PERSONAL OPINION, as to WHICH of the thousands of connections I have cited that he wishes the Court to accept, without question, as being merely "phantom dots". In other court filings, Mr. Guttman has characterized my Motions as consisting of "conspiracy theories" -- again with no specific references.
Despite these unnamed "phantom dots" and "conspiracy theories", the Court has blithely and unquestionably gone along with Mr. Guttman's opinions and has repeatedly denied ALL Motions that I have made. In fact, both Courts involved have ruled that the Court Clerk shall not accept any future filings from me without the Courts' prior approval - which it has repeatedly declined to give.
Therefore, due to the fact that I continue to discover new, material FACTS almost daily, I am preparing a set of NEW EXHIBITS in which I intend to document the financial, professional, personal, and political connections between the many various entities involved in this case.
~ o ~
The following is a listing of named witnesses in this case who have factual connections with the subject entity. Each underlined name has been linked to a detailed description of that witness to enable the reader to more easily CONNECT THE DOTS TO...
~ ~ ~
Jules Kroll is expected to testify regarding his knowledge of, and participation in, Marsh & McLennan’s alleged practices of bribery, bid rigging, over-charging, kickbacks, and other wrongful acts, in an alleged conspiracy with AIG, Ace, Allied World Assurance, Chubb Group, PricewaterhouseCoopers, XL, Zurich and other insurance, accounting, and financial entities.
Jules Kroll is also expected to testify regarding his financial, business, and professional relationships with Kroll Associates; Michael Cherkasey, Eliot Spitzer, AIPAC, the CIA, George W. Bush, George H.W. Bush, Bill Clinton, Hillary Clinton, Barack Obama, John McCain, Steve Case, Donna Tanoue, Robert Katz, Ron Rewald, Robert Calvi, Kamehameha Schools/Bishop Estate; PricewaterhouseCoopers; Goldman Sachs; Sumitomo; Carlyle Group; Apollo Advisors; Investcorp; Henry Kissinger; Maurice “Hank” Greenberg; Jeff Greenberg, Ace Greenberg, Henry Paulson, Robert Rubin, William Simon, Robin Campaniano, Jack Abramoff, Norman Brownstein, Joshua Gotbaum, Jim Nicholson, James Nicholson, Bank of Hawaii, Bank of Honolulu, Diane Plotts, Mark Hemmeter, Bob Awana, Peter Savio, Central Pacific Bank, First Hawaiian Bank, Rocco Sansone, Colbert Matsumoto, Linda Lingle, Ben Cayetano, Hawaii State Foundation on Culture and The Arts, David C. Farmer, Sherry Broder, and others to be named upon discovery.
Internet References:


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