• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Full PFG CEO Suicide Note

Tyler Durden's picture


"I have committed fraud. For this I feel constant and intense guilt...


The forgeries started nearly twenty years ago...


Should I go out of business or cheat...


I guess my ego was too big to admit failure..."


CEO Suicide note details:


Full Affidavit here:

PGF Affidavit

Your rating: None

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Fri, 07/13/2012 - 15:06 | 2613966 Dr. Engali
Dr. Engali's picture

Who the hell writes a note like this and give the prosecuters everything they need on a platter? I call bullshit, it's all staged to give them a scapegoat. Next up is a silly show trial. Go after Corzine and maybe I'll take you seriously.

Fri, 07/13/2012 - 15:10 | 2614029 Al Huxley
Al Huxley's picture

Spot on Dr. Engali, made the same comment below before reading your's.

Fri, 07/13/2012 - 15:12 | 2614042 Dr. Engali
Dr. Engali's picture

I'm sure I'm probably not the first either. What makes me mad is people will believe it.

Fri, 07/13/2012 - 15:20 | 2614092 NotApplicable
NotApplicable's picture

Worse, they'll use it as an example of "the system working."

Is it beer-thirty yet?

Fri, 07/13/2012 - 16:13 | 2614321 catacl1sm
catacl1sm's picture

sacrificial lamb. Regulators had to come down on someone, so they picked this guy. They probably knew about his scam for a long time and let him keep it up for a time just like now. They tell him to take the fall or his whole family is going down.

Fri, 07/13/2012 - 17:33 | 2614599 smiler03
smiler03's picture

Surely the best business startup in the US is as a "Conspiracy Consultant", somehow I can't see any other country being so good at it ;O)

And I'm not calling you Shirley.

Fri, 07/13/2012 - 15:12 | 2614032 Shigure
Shigure's picture

Agreed. It reads like someone dictated it to him.

Fri, 07/13/2012 - 18:13 | 2614689 KTV Escort
KTV Escort's picture

see? he was so good at forging shit the regulators could have never known

Fri, 07/13/2012 - 15:19 | 2614083 LawsofPhysics
LawsofPhysics's picture

Correct, another act in the circus for the sheeple.

Fri, 07/13/2012 - 15:19 | 2614085 MeBizarro
MeBizarro's picture

Tend to stay away from the conspiracy stuff because for the simple fact that it is tough to maintain silence but this smells a bit rotten & too convenient. 

Fri, 07/13/2012 - 15:56 | 2614260 kridkrid
kridkrid's picture

Stop. That is the meme put out to discourage people from critical thought. Walk into any courtroom in America... Most cases are "conspiracy". Silly conspiracies are floated out there from time to time to make legit "theories" look silly.

Fri, 07/13/2012 - 18:19 | 2614700 Dr. Engali
Dr. Engali's picture

Hold on. You don't think conspiracies can happen but you believe he can get away with this for 20 years?

Fri, 07/13/2012 - 15:30 | 2614140 alien-IQ
alien-IQ's picture

something tells me that he'll be the recipient of a very well timed "heart attack" and thus rendering a trial unnecessary.

Fri, 07/13/2012 - 15:03 | 2613968 WillyGroper
WillyGroper's picture

20 yrs. & his guilt was intense? Burning, I'm sure.

Sat, 07/14/2012 - 09:56 | 2615495 BurningFuld
BurningFuld's picture

It has fuck all to do with guilt. The fucking Bank account was about to go in to overdraft. Nothing more nothing less.

Fri, 07/13/2012 - 15:03 | 2613969 Debtless
Debtless's picture

I offer my marksmanship expertise to any and all banksters/politicians/plain old assholes who wish to off themselves properly.

Services guaranteed. 

Fri, 07/13/2012 - 15:36 | 2614166 _ConanTheLibert...
_ConanTheLibertarian_'s picture

payment in gold or silver only

Fri, 07/13/2012 - 15:43 | 2614204 Debtless
Debtless's picture

yep. and no job too big. discounts for entire office offings.

Fri, 07/13/2012 - 15:03 | 2613970 Republi-Ken
Republi-Ken's picture

Another Republican Sociopath bites the dust...

Fri, 07/13/2012 - 15:11 | 2614030 Dr. Engali
Dr. Engali's picture


Fri, 07/13/2012 - 15:15 | 2614053 Dr. Richard Head
Dr. Richard Head's picture

I am sure Presidential Cufflink Dimon is a republican too.  Like it makes a difference what one's voter registration card states.  A crook is a crook is a crook. Let's see also about Corzine.  I think he has some association with Obama if memory serves me well.  Then there is Swing Both Ways (politically speaking of course) Summers.  Need I go on, you left right fool?

Fri, 07/13/2012 - 15:16 | 2614070 Dr. Engali
Dr. Engali's picture

Actually Dimon is a card carrying democrat ,otherwise you are spot on.

Fri, 07/13/2012 - 15:22 | 2614103 NotApplicable
NotApplicable's picture

Swing and a miss, there Republi-Ken.

I looked on opensecrets (assuming the same thing you did). The one and only contribution he's made in his name was to a Democrat.

Fri, 07/13/2012 - 15:03 | 2613972 resurger
resurger's picture

"There is no such thing as half way crook"

Fri, 07/13/2012 - 16:36 | 2614414 Unprepared
Unprepared's picture

The Shook Ones, Pt. III?

Fri, 07/13/2012 - 15:03 | 2613973 Meesohaawnee
Meesohaawnee's picture


Fri, 07/13/2012 - 15:03 | 2613976 Winston Churchill
Winston Churchill's picture

That note should be good for a civil fine and no admission of wrongdoing.

Holder is as big a crook as this incompetent.

So is his boss.

Fri, 07/13/2012 - 16:10 | 2614044 cougar_w
cougar_w's picture

a civil fine and no admission of wrongdoing

You can be excused for thinking that. However Holder and every DA and AG from one side of the nation to the other is going to be all over this guy like white on rice. They've been treading water, protecting their buddies and the boss' buddies, waiting for the day -- no praying for the day -- when some low-level luzer like this guy comes along and gives them a head to roll.

This will become the biggest media circus of the year.

And Corzine? Nowhere to be found.

And that my friend is the fucking standard operating proceedure.

Fri, 07/13/2012 - 15:05 | 2613982 Ineverslice
Ineverslice's picture

Birth certificates would be no prob for this guy...

Fri, 07/13/2012 - 15:20 | 2614097 verum quod lies
verum quod lies's picture

Unlike the last Soetoro forgery/fraud that lasted all of a few minutes of scrutiny upon being put online, this one lasted about what 20 years? As frauds go, he at least had some longevity. In short, I’d match his “financial genius” against Barry’s “political genius”. What a couple of maroons. Also, clearly, incompetence and fraud favors the affirmative action candidate over the bankster.


Fri, 07/13/2012 - 16:13 | 2614323 BooMushroom
BooMushroom's picture

Seems like a few random people on the internet could do a better job of rooting out white collar crime than the people that actually get paid to do it...

Fri, 07/13/2012 - 15:05 | 2613984 bubbleburster
bubbleburster's picture

""Whatever body, and whatever society, wastes more than it acquires, must gradually decay; and every being that continues to be fed, and ceases to labour, takes away something from the publick stock."
Johnson: Idler #22 (September 16, 1758)"


Now consider whether guys like Wasendorf of Madoff (sp?) were doing "labor" as they raped their clients?  The public stock has been sucked dry and then again and again.....yet the total numbers of Occupy Wall Streeters is still pretty small potatos.  However, the storming of the Bastille probably started with just a few people.  At the rate of this stream of new reporting...these last 2 weeks....it won't take much more till the OWS crowd teems to the tens of thousands....demanding the heads of Bernanke and Geitner.

Sat, 07/14/2012 - 15:24 | 2616217 prole
prole's picture

No weren't the uninvited guests of the Bastille "hungry?"

Nobody in this country is hungry. Even the poor are obese. No hunger=No march no mob.

Fri, 07/13/2012 - 15:06 | 2613988 Bunga Bunga
Bunga Bunga's picture

20 years of fraud. And this is just the tip of the iceberg. Good luck to everyone possessing money (and soon not).

Fri, 07/13/2012 - 15:11 | 2613989 LoneStarHog
LoneStarHog's picture

Memo To All You F__king Banksters:

Anytime you want to pull a WasenDorfman and are too damn stupid to do it correctly, please contact a member of ANY Patriot Group and competent, professional assistance shall be rendered - free of charge!

WasenDorfman I guess is not a "legacy" in the Whore Street & WaShitOn fraternity, like Corzine!

Fri, 07/13/2012 - 15:09 | 2613993 Cognitive Dissonance
Cognitive Dissonance's picture

Well........he seems like a nice guy.


Fri, 07/13/2012 - 15:13 | 2614045 Arius
Arius's picture

I think so too ... he shows remorse and obviously regret what he did ... even went to the extreme!

i still believe in their core americans are a good and forgiving people!

lets not be too harsh ... everyone makes mistakes...

Fri, 07/13/2012 - 15:27 | 2614128 NotApplicable
NotApplicable's picture

God bless us, everyone!

Fri, 07/13/2012 - 15:31 | 2614144 LoneStarHog
LoneStarHog's picture

Take your f__king Stuart Smalley "Daily Affirmations" and...

Fri, 07/13/2012 - 15:35 | 2614162 NotApplicable
NotApplicable's picture

Ummm... I think your sarcasm detector is broken.

Fri, 07/13/2012 - 15:24 | 2614100 falak pema
falak pema's picture

we are all nice guys until we sup with the devil. 

This lady Barnhadt has a thingie about EVIL and the devil. Its gets my goat. Just saying, a pair of tits that spit on the devil makes my blood turn cold. Tits are like ripe melons, who turn cold and thats bold even untold in history, as they are made by the Maker for saying hello to the devil and the deep blue sea,  like Mary Magdalena or Venus, even without arms, but with tits, like of 'de Milo', never to say "Nein", like you know whooo...but thats just me AND the Chardonnay!

Fri, 07/13/2012 - 15:08 | 2614000 pashley1411
pashley1411's picture

True contrition consists of confession and acts of repentence.

We are not talking about strapping on a backpack and going for a walk on Wall Street.   But at the very least, he could expose how he manipulated his (non)regulators to approve his Potemkin business/farce; techniques, name names, the higher-up the better; dinners he had, people he schmoozed, politicians who answered his phone calls and ran favors for him, regulators who looked the other way, business associates and employees who facilitiated the fraud.

Can't drain the cesspool until you find the bottom.

Fri, 07/13/2012 - 15:07 | 2614001 doomandbloom
doomandbloom's picture

another "one man" forgery scheme? 


i find it difficult to believe this even with the confession. 

Fri, 07/13/2012 - 15:25 | 2614118 NotApplicable
NotApplicable's picture

Do these entities not undergo audits? I'm having a really hard time believing one person could pull this off.

Sat, 07/14/2012 - 10:03 | 2615501 BurningFuld
BurningFuld's picture

Me too. So his accountant is balancing his Bank Statement against what? Like" Damn we lost money here here and here and your personal expenses this year were 10.2 million...ya it all adds up maybe I forgot to carry a one or something."  Give me a fucking break!!!

Fri, 07/13/2012 - 15:55 | 2614004 cougar_w
cougar_w's picture

They must have redacted the part where he confesses to having a man-crush on Jon Corzine.

Fri, 07/13/2012 - 19:44 | 2614852 TheFourthStooge-ing
TheFourthStooge-ing's picture

cougar_w said:

They must have redacted the part where he confesses to having a man-crush on Jon Corzine.

They redacted the entire first draft. He accidentally signed it Linda Green.

Fri, 07/13/2012 - 15:07 | 2614006 DougM
DougM's picture

When faced with such a conumdrum all you need to do is donate a few thousand to Obama and play dumb. 

Fri, 07/13/2012 - 15:50 | 2614235 Mesquite
Mesquite's picture

Er..Few Hundred thousand...!

Fixed it...

Fri, 07/13/2012 - 15:18 | 2614007 slackrabbit
slackrabbit's picture

Is this like a default suicide template used by banking CEO'S, or can parliamentarians use it as well?

Oh and burn in hell you sack if shit. You have destroyed the lives of good honest hard working people, and your not even making an attempt at atonement. It you had any balls at all you would have faced up to it.

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