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Where The "Segregated" PFG Money Is
Or rather isn't. Just in case there is any confusion this morning as to where the "segregated" client cash may have vaporized to...
From: "Herb Kral" <xxxx@pfgbest.com>
To:
Date: Tue, 22 Nov 2011 10:07:55 -0600
Subject: RE: Follow up
Dear [XXX]
All of our client funds are held at JP Morgan Chase in a segregated account. Jeffries does hold our margin money for positions.
Thanks,
Herb Kral, Director of Automated Trading
311 W. Monroe, Suite 1300
Chicago, IL 60606
312-775-3581 | 312-775-3095 fax
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Hahaha!!!
Not only is it funny....it appears to be completely legal.
Nobody could have predicted it...nobody.
It's only funny until it happens to you.
Then it's an outrage.
Jamie Dimon: " Fuck! Fuck! Fuck! Fuck! Fuck! Fuck! Fuck! Fuck! Fuck! ... *pause*... Ah what the hell, I own the President, Congress, Supreme Court and the FED anyway."
He owns the magic cufflinks......why should he care about anything?
http://www.cbsnews.com/8301-503544_162-57452724-503544/jamie-dimons-eye-catching-cufflinks/
Shocking!!
http://www.youtube.com/watch?v=srw3RdiIlrQ
When Man Financial Global (MFGs) segregated accounts got vaporized the one similarity that smacks you in the face is the COMEX had a large delivery in PMs and not enough to deliver in physical metal.
After the dust settled all was well with the PM paper Ponzi scheme just ask Gerald Celente:
http://www.examiner.com/article/gerald-celente-loses-gold-futures-account-to-mf-global-theft
So now PFG is a victim of the vaporizer, and why I say victim, well if they stole the segregated accounts money, the junk yard dogs owners would have sicked the dogs on them but as you will see nothing will become of this story, its already out of the lime light.
We all know that the FUCKING bankers have the money, and I bet that money was going to be used for PM delivery. Remember break the COMEX and buy physical silver? “First suggested by a ZH poster”. If you didn’t take delivery you could settle for cash plus 30 to 50% bonus that’s some nice profits but who’s money do you use? Now the picture starts to become clear, use other people’s money! But don’t get caught because the big FUCKING banks will step in with the vacuum cleaner and vaporize it and what are you gonna say? UH, we where making big profits with OPM. A good example is if a crooked cop took a drug dealers money where’s he gonna go?
jamie the maaaagic diiimon, has maaaggiiicc cuffliiiinksss
It's only funny until it happens to you.
Then it's an outrage.
------------------------------------------
In this day and age, you should not have any money with any counterparty, to start with...
Yep.
If you are foolish enough to stay in this game, remember this phrase:
It's all perfectly legal.
That should be very comforting
Shocking! Absolutely shocking!
Segregated = Corzined
All muppets must be Corzined.
It's the new Wall Street trend. You steal the money then move to France.
All your muppets are belong to us.
-JPM
I don't think GS is going to be happy to hear that.
But PFGBest doesn't do that. Just look at Junior's quote from six months ago about their stellar self-reporting (two thirds of the way through the article).
http://dealbook.nytimes.com/2012/01/25/futures-industry-sees-chance-to-shape-oversight/
Show me the money!!!!!!
http://www.youtube.com/watch?v=OaiSHcHM0PA
You can't handle the truth!
http://www.youtube.com/watch?v=5j2F4VcBmeo&feature=fvwrel&NR=1
Doesn't happen when you hold physical...
That whale is going to explode if it keeps eating client funds!
The more they eat the hungrier they get. It only stops when the Central banksters stop or more likely are stopped.
Well thank God (Blankfein?) then that this wasn't deemed newsworthy to Marketwatch.
MFG WASN'T A ONE-OFF? BETTER NOT REPORT IT!
Segregated... that word does not exist in newspeak.
It does.
It means money being segregated from the clients/owners. Heard, its the new rage on the Wall Street!!
Thank God the funds are with JP Morgan. For a minute I thought they might be with PFG.
Aaaaaaaand it''s gone!
well no wonder why futures are green. Bullish!
Time to segregate a few heads from bodies.
“Director of Automated Trading” so he’s the RoboMaster !
And JPM is the Junkyard for Printed Money, where excess money is sterilised.
It is funny how the word brokerage is made up of the words BROKE and RAGE. I guess we were warned.
It is equally funny to note that the word: Mortgage, is made of two roots Mort (Death) and Gage (Grip). I guess we were warned.
As a follow-up: Politics, when broken down, equates to Poli (poly) meaning MANY, and Tics which describes BLOOD-SUCKING PARASITES. I'm just sayin...
(oops, dabaru posto)
2x long ROR
RAFF OUT ROUD - http://www.filehurricane.com/viewerthumbnails/1114200983305AM_ROR.jpg
barrack
ba - what you say when you are a sheep
rack - a torturous device used to stretch the sheep thin
I hope the two of you are not concerned about this.
Nobody is asking the most important question: What is the boiling point of money?
According to Wikipedia it´s 5173 degrees Farenheit.
Gold is not money. Duh!
Its too late to measure that to find out. It's all been vaporized.
JPM is the fucking mob. They need to be stopped. We need a modern day Elliot Ness. I don't see anyone fitting that description around today though.
History rhymes.
These JPM´s are the new John Dillingers...except now the banks steal from the people...instead of the people stealing from the banks....
What we need is rope and trees or at least a rifle with a scope - or at the VERY LEAST tar and feathers, nice hot tar.
Holder? Holder?... Oh nevermind...
Nevermind is right. Another bought & paid-for tool. Sickening.
YOU, me, everyone else is Elliot Ness. Stop waiting for someone else to come riding in on a white horse to fix this problem and take steps to fix it yourself. I guarantee you that if a couple hundred thousand people got off their fat asses and stopped watching the Kardashians and marched on NYC and DC demanding an end to this shit then it would end most ricky tick. We aren't there yet and won't be until the beer and hot dogs dry up. There is no David Palmer/Elliot Ness out there who can do this alone.
Uh, maybe you've heard of Occupy - wasn't sleeping in NY parks for 6 months found to be a bit fruitless for change? Read my avatar, I'm doing my part by not playing much of a part. We need regulators that do so unbiased. Or vigilantes. Or both.
Afraid not. You'd be corraled, pepper sprayed, and arrested for your efforts, hence, the multitudes flip on the 50 inch plasma screen, pop the top of a brew, and languidly indulge in brainless activity. Don't expect the Jone's to march on DC. Anyway, most of Main Street are net debtors -- no skin in the game.
Am I seeing a trend here.......????? Think so...but it is so obvious.....that just shows the schmaltz these guys have...or is it shwang
@youngman
Swagger. Lots of it.
Outright theft minus legals and fines is a very profitable business model.
700 mf global accounts were bulk transferred to pfg 9 months ago. These poor bastards have been curbed twice in 9 months. Way to go regulators. Keep up the great work. Wtf?!
oh please! tell us Gerald got double dipped! omfg! :)
Gerald Celente: black belt! diplomat! nice suits! calls those bad boys the "white shoe boys!"
invests his money with them regardless.
do not follow what a man says. follow what a man does.
Gerald, do I detect a psuedopod between your legs? :)
Way to go regulators. Keep up the great work. Wtf?!
I'm sure they're totally on this.
One of the guys in a group I read has lost his account in PFG. In a irony, he's one of the political class who continually blames all the countries problems on non-whites, the poor and the old. I've got some news for that class of joker, it's rich, well connected white folks who are sticking up America's ass (Obama being a notable exceptiong, but there is a whitey in teh wood pile there also).
whiteness has nothing to do with skin color and everything to do with the color of your LIES.
Bummer's got no SOUL and his LIES are whiter than a Bush.
He's whiter than I am by a long long way.
If all of these insolvent bankster fucks would off themselves all at once - we could THEN move forward.
One can only hope this assclown starts a suicide trend.
Unlikely. You'll be writing similar comments for years to come.
WE should be helping these asswagons start a 'suicide' trend.
Materials needed? Ten feet of rope and a few lampposts.
Public humiliation, then they kill themselves:
http://www.youtube.com/watch?v=IYycBpPLdtM
Corzine should have done this at his Congressional hearing.
If he writes similar comments for years to come, then clearly a trend will be established, won't it?
I've said it before and I'll say it again. It's going to be some show when the only ones left in the market are HFT traders playing with themselves. And just as I predicted, it's pretty ugly, and not nearly as much fun to watch as I thought it might be.
At that point even the bots will realise THE ONLY WAY TO WIN IS NOT TO PLAY
[insert rage here]...and tits...
Everyone relax. Very shortly, Congress will get wind of this and conduct an inves<chuckle>igation. There won't be any <giggle> fooling around. Our <choke - snicker> trusted representatives will get to the bottom of this <ha!> and justice <ha ha!> will be
<ha! ha! Ha! HA!>
Served!
HA HA HA HA HA HA HA HA HA HA HAAAAA!!! HAAAA !!!! HAA AHAAHA AHAAHAHHAHHAHAHAHAHAHAHAHAHAHAHAH!!
looks like we have another cured addict. you are free of the Matrix young one. pass on. /bless you/
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." Lord Acton
I love that Jeffries is holding the margin "money". How can an institution that's under their own massive margin call hold other margin call monies?
How much is Eric Holder's cut for refusing to investigate and prosecute Dimon and his minions?
This is getting nauseating.
John Roberts could probably tell you.
Did anyone see the assassin leaving the PFG building in chicago??
Black gloves, an M16 and everything!!
https://maps.google.com/maps?q=311+West+Monroe+Street,+Chicago,+IL,+Unit...
I can't wait to tune in to another Sen. Shelby led senate hearing so I can listen to his coached purposeful monotone s l o w sentences designed make you
want to change the .
channel.
God these people no fuckin morals or soul. I think they really do believe it is their divine right to pilage and plunder. I never thought I would be party to a lynch mob in my lifetime, but it's starting to look like there's gonna be some good ole fashion justice done here in the US before long. Actually I can't wait for the bank runs and the look of outrage on peoples faces when they finally get pissed enough to take all their money out of "banks" and they get that look of utter desperation knowing that they and their entire generation have been had and their money "isn't there".
Unfortunately, when you or any of the other "little people" get fed up and decide to "step out of line", you'll find that summary justice is dole out expediently.
Congress doesn't hold hearing for losses less than $1B.
Or for personal sponsorship worth less than $1m.
Election year #booyah
... No complaining, the money was really "segregated".
from Oxford Dictionary: Segregation=the action or state of setting someone or something apart from others.
The cure = IMPALE THEM ALL !!!!
PFGBest had 200 million a few months ago and all the money started disappearing months ago.
Anyone get the trend here? The US government and it's regulators look the other way with regards to stealing and criminal behavior by the financial institutions.
If you head a financial institution just siphon funds to offshore accounts (not reachable by US ), cook the books and then bankrupt the firm.
Corzine didn't go to jail. The regulators, Obama and the rest will cover up the embarrassment!
Lesson, nobody is being prosecuted. Carry on bankster criminals!!!
I thought segregation was abolished in 1954
The real message here is that irrespective of where else you may stash your cash it is safest under your matress. Long Sealy.
Worked once. Might work twice. Hells Bells...JPM just found found a way to make a trillion without anyone going to jail!!! Hallelujah. Doing God's Work sure brings home the bacon!!!
Burn the Futures Markets to the ground for fun and profit.
Quick -- Call SIPC
you can't segregate money, that would be racist
Automated Trading, eh? I'm guessing that this is not trading for the clients' benefit
Jamie 'Marvelo' Dimon....And now for my next trick
J.P Morgan is just gearing up for the next wave of Food Stamp recipients to come online over the next 12 months.
JP Morgan. They be any relation to Henry Morgan?
My avatar is Jamie Dirtball telling congress: "I don't know where the money is"
segregating customer funds
building shareholder value
if only the market would just "realize" it
Jamie Dimon ... mafia piece of shit.