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February 2024
- 13 participants
- 589 discussions

Re: [ot][spam][writing][crazy] Non-Canon Traffick Boss Spinoffs - The Reboot
by Undescribed Horrific Abuse, One Victim & Survivor of Many 26 Jun '24
by Undescribed Horrific Abuse, One Victim & Survivor of Many 26 Jun '24
26 Jun '24
——
traffick boss works on building a balloon.
he’s at a balloon-building activity at a fair. with kids and community
members like rebel worker 2.
2
53
Attorney General James:
On November 2, 2023 xNY.io - Bank.org contacted your esteemed office with
intent to execute N.Y. Executive Law, Article 15 § 297. Procedure 1.
Additionally, § 298-a. Application of article to certain acts committed
outside the state of New York, (Israel Crisis).
Given several factors, we are reasonably confident in your office and the
FBI knowing why xNY.io - Bank.org would seek to engage New York Human
Rights Law. As an alumni of United Nations Headquarters in New York, I left
the UN as a producer of the Audio Visual Library of International Law.
Attorney General James, Nicosia, Cyprus is the only military divided
capital city in the world (invaded by Turkey), with active UN Peacekeeping
Mission, and is where I have earned my graduate education. When starting my
second graduate degree in Cyprus, it is my understanding that the FBI in
New York became aware of xNY.io - Bank.org.
xNY.io - Bank.org is under investigation by New York for all the logical
reasons. However, we are not virtual currency market manipulators and it
seems NY-DFS is blaming xNY.io - Bank.org for leading a virtual currency
RICO defense.
Today we again contact your office seeking New York State Executive Law
(Article 15), Human Rights Law as jurisdictional prudence. § 298-a.
Application of article to certain acts committed outside the state of New
York covers xNY.io - Bank.org various abuses against our enterprise.
Furthermore, recent events show that New York State's Attorney General has
greater powers than the United Nations in protecting New Yorkers from
potential financial crimes. The June 18, 2022 memo below is one such
example.
xNY.io - Bank.org hopes your esteemed office understands that the
dealmakers mentioned in the memo below also bank the United Nations. The
flow of money has certainly affected xNY.io - Bank.org with unlawful
surveillance, market manipulation and threats.
xNY.io - Bank.org will never be deterred and is now motivated more than
ever.
That said, Attorney General James your office is key to providing New York
State greater innovation potential than the United Nations (and New York
banks associated). For example, Craig Mokhiber was director of the New York
office of the United Nations High Commissioner for Human Rights, but last
week quit his post over the Israel-Hamas war:
https://www.cnn.com/videos/world/2023/11/09/exp-craig-mokhiber-un-human-rig…
.
xNY.io - Bank.org hopes any virtual currency RICO in New York State will
not impact potental obstruction, given commuated conflicts. Furthermore,
New York City Mayor Adams' situation could be a postive pathway in creative
thinking if we are to be proactive problem solvers.
Given several factors, we must engage funding to protect xNY.io -
Bank.org's interests.
Thank you,
Gunnar
Gunnar Larson
xNY.io - Bank.org
917-580-8053
On Thu, Nov 2, 2023, 12:52 PM Gunnar Larson <g(a)xny.io> wrote:
> Dear Madam Attorney General James:
>
> xNY.io - Bank.org kindly seeks a response from your office concerning the
> message below.
>
> Today in Manhattan, the FTX case will soon be sent for jury deliberation.
> According to NPR, "... FTX founder Sam Bankman-Fried is accused of
> orchestrating one of the largest financial frauds in history."
>
> Additionally, today Donald Trump's civil fraud trial continues in New York
> City.
>
> Attorney General James, as you are aware xNY.io - Bank.org has an ongoing
> dialog with your office concerning a 'RICO.' The New York State Department
> of Financial Services records office has responded with a memo concerning
> the "Las Vegas Museum of Organized Crime and Law Enforcement" here:
> https://drive.google.com/file/d/1reLapm-6C0QJZhPKIPtN5HZGbYhTxZMh/view?usp=…
> .
>
> This memo aims to execute N.Y. Executive Law, Article 15 § 297. Procedure
> 1. Additionally, § 298-a. Application of article to certain acts committed
> outside the state of New York, (Israel Crisis).
>
> Kind regards,
>
> Gunnar
> --
> Gunnar Larson
> xNY.io - Bank.org
>
> MSc - Digital Currency
> MBA - Entrepreneurship and Innovation (ip)
>
> G(a)xNY.io
> +1-917-580-8053
> New York, New York 10001
>
> On Sat, Jun 18, 2022, 4:44 PM Gunnar Larson <g(a)xny.io> wrote:
>
>> Dear Attorney General Letitia James:
>>
>> xNY.io - Bank.org, PBC seeks to earn your esteemed approval to engage the
>> New York False Claims Act under urgent pretences.
>>
>> Today's correspondence marks the first time in history, a self-titled
>> "mafia" (aka, the "PayPal Mafia '') is compelled to answer publicly the
>> decision to manipulate both the New York False Claims Act and the Martin
>> Act against one another.
>>
>> - Madam Attorney General, your leadership approach has historical
>> context
>> <https://www.nytimes.com/2019/12/10/climate/exxon-climate-lawsuit-new-york.h…>
>> to logic and ultimate Exxon Mobil vs. New York State
>> <https://drive.google.com/file/d/1nLp9RIYw8mAh1SRG8E9PMEK94SV-viUN/view?usp=…> case
>> precedent.
>> - xNY.io - Bank.org, PBC research and development notes our hawkish
>> approach to ESG, D&O and LBO innovation.
>> - xNY.io - Bank.org, PBC sees this not a democrat vs. republican
>> concern as Mr. Elon Musk (CEO, SpaceX and Tesla) claims. False pretense to
>> protect free speech are now being debated as party to a $200B pryamid
>> scheme.
>>
>> Ms. James, on May 21, 2022 xNY.io - Bank.org, PBC
>> <https://docs.google.com/document/d/1lv9Wt6y1ld4bNap0z3epIxttEGiP_oVpfxH0GTS…>
>> contacted the SpaceX Corporation with reasonable concern of CEO Musk's
>> intent behind the $44B Twitter LBO. The Orlando Police Pension Fund shared
>> similar concerns to the intent behind Twitter's LBO as illegal.
>>
>> Since, market forces suggest that SpaceX and Tesla directors are part of
>> interlocking directorate, self proclaimed the PayPal Mafia. The racket
>> could waterfall to problem(s) at the New York State Department of Financial
>> Services with Superintendent association to D&O insurance regulation.
>>
>> Ms. James, xNY.io - Bank.org, PBC seeks your office's urgent assessment
>> of this matter. We aim to earn approval to explore the New York False
>> Claims Act to confront SpaceX as a racket.
>>
>> *Like a house of cards, the PayPal Mafia racket could risk a waterfall
>> of D&O interlocking directorate insolvencies. In summary: *
>>
>> 1. xNY.io - Bank.org's May 21, 2022 memo to SpaceX questioned intent
>> behind baseless claims pioneered by SpaceX's CEO, branding ESG a scam via
>> Exxon Mobil. Obviously, Exxon Mobil vs. New York State
>> <https://drive.google.com/file/d/1nLp9RIYw8mAh1SRG8E9PMEK94SV-viUN/view?usp=…> alludes
>> Mr. Musk party to a false claim.
>> 2. SpaceX has failed to establish a preponderance of evidence and
>> burden of proof not a racket.
>> 3. SpaceX has failed to prove that Twitter's LBO is not false claim
>> to free speech protection.
>> 4. True social innovation cannot sponsor a fake news racket that
>> could jeopardize space exploration and war.
>> 5. Twitter's LBO dealmakers (Goldman Sachs and JP Morgan Chase)
>> company balance sheets, financial statements and other corporate records do
>> not impact xNY.io - Bank.org, PBC holding a racket accountable to false
>> claims.
>>
>> The CEO of SpaceX and Tesla leveraging Exxon Mobil as an ESG
>> securities scam does not preclude the PayPal Mafia's intent to engage false
>> claims at the sacrifice of New York State's financial future.
>>
>> Madam Attorney General James, we hope to hear from your esteemed office
>> and learn assessment of best next steps.
>>
>> Thank you,
>>
>> Gunnar
>>
>> --
>> *Gunnar Larson *
>> *xNY.io <http://www.xny.io/> - Bank.org <http://bank.org/>, PBC*
>>
>> MSc
>> <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> -
>> Digital Currency
>> MBA
>> <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship
>> and Innovation (ip)
>>
>> G(a)xNY.io
>> +1-646-454-9107
>> New York, New York 10001
>>
>> On Sun, May 22, 2022 at 9:34 AM Gunnar Larson <g(a)xny.io> wrote:
>>
>>> May 21, 2022
>>>
>>> BY ELECTRONIC MAIL
>>>
>>> SpaceX Corporation
>>> Board of Directors
>>> One Rocket Road
>>> Hawthorne, California
>>> 90250
>>> Sales(a)SpaceX.com
>>>
>>> Re: Potential SpaceX Interlocking Directors’ Intent to Manipulate
>>> Markets
>>>
>>> Dear SpaceX Board of Directors:
>>>
>>> From our New York headquarters, xNY.io - Bank.org, PBC embodies the
>>> notion that rather than a merry-go-round, the process of change and
>>> innovation is like a slide.
>>>
>>> Today’s memo aims to notify the SpaceX Corporation of concern of
>>> potential market manipulation that could impact cross-border digital asset
>>> innovation, free speech in the United States of America, the global ESG
>>> economy and Moon exploration.
>>>
>>> Please find the attached memo
>>> <https://docs.google.com/document/d/1lv9Wt6y1ld4bNap0z3epIxttEGiP_oVpfxH0GTS…>
>>> addressed to SpaceX's board of directors.
>>>
>>> Respectfully,
>>>
>>> Gunnar Larson
>>>
>>
1
8
https://litigationfinancejournal.com/litigating-universal-cognitive-liberty/
Litigating Universal Cognitive Liberty
Freedom of thought is recognized by the Universal Declaration of Human
Rights (UDHR). Interestingly,, cognitive liberty is not recognized as an
international human right. Some want to change that, making the argument
that humanity has the right to be free to think whatever they want (freedom
of thought).
The Ottawa Citizen reports
<https://ottawacitizen.com/news/national/defence-watch/military-leaders-saw-…>
that
the Canadian armed forces have launched ‘psychological operations’ as an
experiment in government propaganda to counter civil disobedience.
International human rights scholars are quick to point out that the lack of
protection of cognitive liberty in such instances is due to the relative
lack of technology capable of directly interfering with mental autonomy at
the time the core human rights treaties were created.
Similar to a ransomware attack, the technology behind such operations can
be abused. Canada is said to have exploited advanced technologies without
the authority to do so. Even worse, it is alleged that Canada forcefully
abused technology in the unsanctioned production of reports that appeared
to be aimed at cognitive activities of Canadians.
- Other reports highlight similar technologies being explored by the New
York City Police Department.
- In 2021
<https://gothamist.com/news/city-settles-lawsuit-protesters-who-accused-nypd…>,
members of the National Lawyers Guild won $650,000 in litigation financed
fees from abuse of the technology in New York.
The semantics empowering freedom of thought as a human right hold new
opportunities for modern international recognition of the right to
cognitive liberty.
1
11
https://docs.google.com/document/d/1aeK8X8-2KDZ8tQPN5ksaUCXcxH9tbjexsUbW1ol…
xNY.io
CRYPTOBANK
Table of Contents
Introduction 2
Focus, Goals and Objective(s) 3
Strategic Intent 4
Innovation Strategy 5
Pioneering Human Resources (HR) Management in Banking 6
The Bitcoin Blockchain, Human/Civil Rights and Computer Crimes 7
Goldman Sachs’ Organization HR Management Analysis (MoneyGram and Ripple) 8
www.JUMO.World and Banking Africa 9
Earth_ID: Because Owning Your Identity is a Human Right 10
CryptoBank Environmental Analysis 11
The NEXO.io Conundrum 12
The Fireblocks Conundrum 13
Computer Software and the Blockchain Platform 14
Virtual Currency: Computer Software Protocols and Processes 15
Bank.org: Revolutionary Approaches to Agile Innovation 16
Conclusion 17
Bibliography 19
Introduction
Crypto and Blockchain are each a Human Right.
For all, everywhere.
How does New York based bank fraud happen from the inside? People who
commit crimes comprise departments and divisions of corporate
organizations, and some current Human Resources (HR) management cultures
lend well to the committing of crimes.
What organizational HR management design structures are at play to
architectect such fraud for bespoke juristical instances?
Is there a unique opportunity for a fresh and clean New York-based
international bank such as Bank.org?
xNY.io argues that modern and innovative Executive Suites pioneer
organizational HR management with the CEO and CFO leading the pack as the
most ethical example for members in their organization. This key
distinction calls for leaders to always adhere to a very strict, yet
progressive, standard of ethics, even when it’s inconvenient.
World renowned executive Jack McCullough suggests strict adherence is
necessary, especially when it’s inconvenient. McCullough says that if
you’re seen as a CEO and CFO “who will compromise when convenient, this
approach will cause colleagues to consider all the talk about ethics to be
lip service” (McCullough 2019).
The leadership at xNY.io is clear-eyed, recognizing the importance of an
extensive review program which seeks to explore all aspects of the
following criteria as part of Legal, Compliance, and Governance (Bloomberg
2021), which is our internal due diligence framework based on first class
industry standards and best practices (xNY.io | Bank.org n.d.).
In summary, this HR management innovation essay outlines and explores three
key concerns for modern Bank and CryptoBank organizations. These concerns
are signaled by our regulators who rightly suggest that it is critically
important that the organizers identify, at the beginning of the process, an
available management team and board of directors (NY-DFS 2008):
The theory of modern virtual currency cross-border regulation logic (Larson
2020a).
How to protect xNY.io’s strategic partnership with Bank.org and its mandate
to pioneer innovation(s) and noble advancement of modern international
banking?
Whereas, it is essential to safeguard virtual currency and its potential to
galvanize international, economic and social advancement of all peoples
(United Nations 1948).
Most importantly, what organizational HR management structures are
necessary to execute the proposed xNY.io and hybrid model framework, while
engaging agile innovation to explore the potential of growing Bank.org into
the World’s Best Bank and headquartered in New York (NY-DFS 2019)?
Focus, Goals and Objective(s)
Why would a New York bank build organizational HR strategies with the sole
purpose of taking advantage of the most vulnerable for exorbitant profit?
xNY.io’s focus is to fill a need in clarifying New York’s virtual currency
standards to achieve progressive innovation while constantly promoting
respect for human rights and personal freedoms by progressive measures,
national and international, to secure their universal and effective
recognition and observance across all global territories of business,
protecting all peoples and all nations (United Nations 1948).
Our simple strategy rests in the fact that virtual currency has
cross-border utilities (European Commission 2021). Our real world
experience has uncovered the strategy of a New York bank's misemployed
Manhattan Island as a walled garden for bad HR management camps while
wrongfully profiting off of the back of the most vulnerable across global
markets (Law 360 2021). Our goal is to profit off the pivot from the
textbook definition of marketplace manipulation, discussed herein related
to the feasibility of automating stock market manipulation (Association for
Computing Machinery 2020).
The Supreme Court placed emphasis on the central role of deception to the
concept of fraud.“ (T)he words ‘to defraud’ . . . primarily mean to cheat,
. . . usually signify the deprivation of something of value by trick,
deceit, chicane, or overreaching, and . . . do not extend to theft by
violence, or to robbery or burglary.” (Hammerschmidt v. United States
1924).
Bank.org feels confident in our knowledge and our direct dialogue with over
100 of the world’s leading scholars on the subject of international law:
(Morris 2008)
The International Criminal Court investigates and punishes people for
genocide, crimes against humanity, and war crimes (Wikipedia 2021a).
The International Court of Justice, sometimes referred to as the World
Court, has two major functions. Firstly, it settles disputes, which the
member countries may bring before it. Secondly, it may give its opinions on
legal matters (Wikipedia 2021b).
The objective of xNY.io’s research essay summarizes the discussion of New
York bank organizations and the corresponding HR management architectures
designed to target maximizing profits through conscious marketplace
manipulation structures. The best xNY.io CryptoBank must be concerned with
pioneering a business beyond leveraging computer crimes, a marketplace
manipulation matter associated with current New York BitLicense
architecture and subject to our attention related to
cross-border/international organized groups that are cyber-based in New
York (Federal Deposit Insurance Corporation 1989).
Strategic Intent
Imagine trying to open the best bank in the world and running up against
BitLicense regulatory arbitrage (Poster 2019) just a few Manhattan blocks
away.
Composing a richly robust innovation strategy calls for a clear and honest
appraisal of current marketplace conditions and identifying the firm’s
current status. This requires xNY.io to not only be ambitious but also
extremely articulate in outlining our strategic intent. We see our key
competitive advantage in cleverley leveraging our vision cohesively with
all available resources and modern ideals of Bank.org.
Bank.org is aware that our uniqueness is very difficult for competitors to
imitate. In her book Strategic Management for Technological Innovation,
Mellissa Schilling suggests that the New York banking sector may be
characterized as an oligopolistic industry in that there is a low degree of
rivalry. Schilling explains that sometimes competitors choose to avoid
head-to-head competition as a price collusion tactic (Schilling 2019).
Being extremely clear and transparent, xNY.io's business models emphasize
taking advantage of our competitors who have designed global regulatory
abtrigatre frameworks at the expense of our customers (Buchak et al. 2017).
Bank.org's stakeholder analysis highlights that many New York banks have
ignored the ethical and moral implications of designing HR management
structures with the sole purpose of training employees to act as
footmen/footwomen in defrauding a global customer base. Furthermore, these
bad actors revel in the naivety of potential rivals and government
regulators as an operative procedure of HR management.
Through an analysis of the best agile innovation strategy for execution,
xNY.io and Bank.org have partnered to engage both backward vertical
integration AND horizontal integration techniques (Tarver & James 2021):
xNY.io is vertically integrating backwards by producing our own advanced
blockchain technology for global payments.
Bank.org aims to actively engage leveraged buyouts of competitor banks, a
practice that is considered horizontal integration (Kenton & James 2021).
>From the very beginning, xNY.io and Bank.org’s ethical and moral incentives
have been strategically integrated into a modern and innovative hybrid
infrastructure. Spanning key global functions including (but not limited
to) reserve management, international legal counsel, and public and
government affairs and relations, we consider ethics to be a quality
management concern. Honestly, the implications of our strategic intent are
derived from the morals of our founders who seek to efficiently secure the
smooth function of our cross-border operations.
Innovation Strategy
We recognize our competitors see modern innovation as merely improving
efficiency of obsolete legacy bank systems and processes to keep their
operations afloat. It is extremely troublesome that many New York bank HR
leaders’ modi operandi detail strategies of seeking new revenue channels
that target the most vulnerable across first to third world markets (Ripple
2013a).
As part of our ethical leadership agenda, articulating xNY.io’s strategic
intent enables the firm to incorporate our innovation practice into
Bank.org’s cross-border development and rollout. Capital investments are
required as part of a multidimensional performance architecture, along with
real-time systems and computational analyses.
Our honest deliberation and critical assessment of xNY.io’s strategic
intent and development of new computational technologies brought to light
the concern of competitors' engagement in computer crimes discussed in the
following section.
We recognize that true innovation goes beyond juvenile process
efficiencies. Our innovation strategy constantly anticipates the future by
recognizing where industry peers are failing today. This allows us to
identify and execute products and services that are better - extremely
better - than what the industry offers today.
Schilling notes that successful and innovative firms question existing
price performance assumptions. They attract customers by developing and
introducing products that extend well beyond current market requirements
and help mold the market’s expectations for the future (Schilling 2019).
This separates us from our competitors' desperate attempts to cut costs
rather than ethically addressing and improving their HR operations with
corresponding moral incentives.
Pioneering Human Resources (HR) Management in Banking
As international scholars (Mills 2006), our founders believe in the future
of virtual currencies and blockchain platform computer software. This
belief has been cultivated and nurtured by some of the most recognized
pioneers of the global blockchain industry (Bourne et al. 2018). We
consider virtual currency and blockchain technology to be precious,
appreciating assets with various growing benefits over the course of one’s
lifetime.
Rolling Stone profiles the New York bank JP Morgan Chase and the bank’s HR
management techniques, highlighting the conscious disregard of the ethical
and moral standards from Chase’s Executive Suite knowingly excited the
peddling of bad products stuffed with scratch-and-dent loans to investors
without disclosing the obvious defects of the underlying loans (Taibbi
2014).
Chase has repeated deal after deal with the same poor and fraudulent
organizational HR management methodology, as did many other banks. Rolling
Stone goes on to say, “It’s theft on a scale that blows the mind.”
New York banks and Silicon Valley technology firms have a long history of
not only challenging but actively attacking beliefs that virtual currency
and blockchain are innovative tools for means of payment and stores of
value, going so far as to launch an ever-popular campaign: “Bitcoin has no
value at all” (Torpey 2018).
It is safe to say that between New York and Silicon Valley, many
organizations, through their various HR management structures, have made
calculated efforts to kill the blockchain economy before it even got off
the ground (Al-Naji et al. 2018).
For example, New York, Europe and Africa are connected by a freeway of
cross-border arbitrage frameworks. Due to easily exploitable laws in
developing countries, some BitLicensees’ operations straddle New York,
Europe and Africa to evade detection and prosecution from law enforcement.
Through various HR management structures, New York banks have consciously
exacerbated regulatory loopholes resulting in virtual currency market
manipulation affecting international computer technology systems and
software such as the Bitcoin blockchain (Conway 2020).
Speaking generally, at least during the Bitlicense’s 2015-2020
implementation phase, New York banks likely leveraged the BitLicense
seeking to increase profits from cross-border virtual currency market
manipulation (Pettinger 2019).
The entire design for executing a loophole virtual currency standard only
comes into practice if a group of New York HR managers, at the direction of
the Executive Suite, puts together a scheme in secret to manipulate a bunch
of technical rules that laymen don’t understand to deprive people of their
money (Bagchi 2020).
>From the position of absolute and essential need of becoming a leading
international bank, Bank.org has no other choice than to pioneer a
necessary HR culture that supports our primary activities of operation. It
is true that xNY.io came into existence as a tech-based response to the
stated problems that specifically addresses both the threats of future
damage and the current cross-border computer crime merry-go-round
responsible for extortionate damage already inflicted.
“We’ve got to change the cost-benefit calculus of criminals and
nation-states who believe they can compromise U.S. networks, steal U.S.
financial and intellectual property, and hold our critical infrastructure
at risk, all without incurring any risk themselves...” (Wray 2020).
The Bitcoin Blockchain, Human/Civil Rights and Computer Crimes
Bank.org is wise to objectively research and strategically organize its HR
leadership position as a pioneer, in comparison to current New York bank
management structures. Given that honest and fair dealing of virtual
currency is critical to blockchain technology, should admitted felons and
serial miscreants (Martens & Martens 2020) be allowed to further expand
their racket via global regulatory arbitrage and/or computer crimes?
Satoshi Nakamoto’s Bitcoin whitepaper states, “What is needed is an
electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other
without the need for a trusted third party” (Nakamoto 2008).
New York State Human/Civil rights laws are applicable internationally. “If
a resident person or domestic corporation violates any provision of this
article by virtue of the provisions of this section, this article shall
apply to such person or corporation in the same manner and to the same
extent as such provisions would have applied had such act been committed
within this state except that the penal provisions of such article shall
not be applicable” (N.Y. Executive Law 2019).
Congress amended the definition of “protected computer” to make clear that
this term includes computers outside of the United States so long as they
affect interstate or foreign commerce or communication of the United
States. This change addresses situations where an attacker within the
United States attacks a computer system located abroad. This change also
addresses situations in which individuals in foreign countries route
communications through the United States with intent to extort from any
person any money or other item of value, transmitted via interstate or
foreign commerce (U.S. Congress 2002).
Courts have interpreted expansively to define not only schemes to defraud
individuals of money or property, but also schemes to defraud individuals
of intangible interests and rights. Additionally, both mail and wire fraud
statutes have been expanded to include schemes to deprive individuals of
“honest services” (Eltringham 2015).
What organizational HR management techniques are required for an enterprise
to actively convince hundreds, if not thousands, of employees, clients and
customers to pursue their strategy while knowing it was fatally flawed?
Goldman Sachs’ Organization HR Management Analysis (MoneyGram and Ripple)
MoneyGram, which has about 227,000 global money transfer agent locations in
191 countries and territories, was recapitalized in 2008 (same year of
Bitcoin's whitepaper). Goldman Sachs acquired an equity interest of 63
percent in MoneyGram for about $710 million. Per the 2008 agreement,
MoneyGram also received $500 million in debt financing from Goldman Sachs
(Cordeiro 2011).
Walmart is the only MoneyGram agent, for both the Global Funds Transfer and
Financial Paper Products segments, that accounts for more than 10% of
revenue. In 2020, Walmart accounted for 13% of total MoneyGram’s revenue
and 16% in 2019 and 2018. Goldman Sachs (Investor) has a Participation
Agreement with Walmart Inc. (Walmart) under which the Investor is obligated
to pay Walmart certain percentages of any accumulated cash payments
received by the Investor in excess of the Investor's original investment in
the Company (MONEYGRAM INTERNATIONAL INC 2021).
In 2016, Ripple received New York’s First NY-DFS BitLicense for an
Institutional Use Case of Digital Assets (Larsen 2016). Shortly after being
NY-DFS accredited, Ripple announced it was teaming up with MoneyGram to
test payments using Ripple’s xRP virtual currency. During this time, Ripple
was making headlines as the xRP digital currency had surged — and fallen —
dramatically (Browne 2018). Soon after, Ripple announced a $50 million
investment in MoneyGram snagging a 10% equity stake in the firm. Brad
Garlinghouse, Ripple’s CEO, added that his firm would support MoneyGram’s
“further expansion” into the European and Australian payment corridors (De
2019).
Connecting the dots, MoneyGram is now one of the most expensive transfer
providers (Tierney 2019) on planet Earth. Customers incur fees for postal
mail, telephone calls, electronic mail, and other computerized messaging
services.
Computer crimes as a threat are no less of a threat because it is
contingent, because the speaker does not intend or is unable to carry it
out when the threat was not directly communicated to the MoneyGram customer
as a target, or because the language used might be considered cryptic or
ambiguously not part of the current New York BitLicense mandate.
Ripple simply made MoneyGram’s business more efficient, thus accruing more
profits for Goldman Sachs directed out of Manhattan. From 2019 - 2020,
MoneyGram received more than $40 million in market development fees from
Ripple Labs in return for providing liquidity to its On-Demand Liquidity
(ODL) network. It can be calculated that 10%-15% of the proceeds came from
Walmart customers, who are some of the most disenfranchised Americans
financially.
Over the last five years, through conscious organizational HR management,
Goldman Sachs created layer upon layer of New York BitLicense-related
disguises and cross-border systems under potential conspiracy and plausible
deniability to computer crimes and marketplace manipulation. Goldman Sachs'
various direct and/or indirect BitLicensee connections profit daily from
virtual currency market manipulation computer crimes with cross-border
reach, operating as a large syndicate group from lower Manhattan.
www.JUMO.World and Banking Africa
What is astonishing is that Ripple is powering some of JUMO’s bank
customers (Ripple 2020), in a troublesome manner similar to MoneyGram.
New York banks have a long and profitable history of exploiting regulatory
arbitrage. Similar to the MoneyGram instance, some evidence shows that
Goldman Sachs also seems to have entered Africa. Given that several
enforcement actions and lawsuits in the United States specifically targeted
banks’ treatment of minority borrowers (Taibbi 2014), it may not be
surprising to learn of www.Jumo.World or “JUMO” (Buchak et al. 2017).
A domain extension, in this case “.World” domain, is the targeted subject
area of a computer program. It is a term used in software engineering
(Wikipedia 2021):
During the fourth quarter of 2018, JUMO successfully finalized a $65
million capital raise that was led by Goldman Sachs in New York. JUMO is a
full technology software stack for building and running financial services,
targeted at the world’s most disadvantaged populations.
Today, JUMO operates across numerous African markets including Tanzania,
Ghana, Zambia, Kenya, Uganda, and most recently in Pakistan, with plans to
expand further across the sub-continent.
Since its launch in 2014, more than 15 million people have saved or
borrowed on the JUMO platform, with over $1.6 billion in funds disbursed to
customers. Nearly 70% of JUMO’s customers are micro and small business
owners.
JUMO targets the unbanked population across several emerging and developing
markets. A variety of JUMO’s partnerships with leading banks and mobile
network operators creates a marketplace where consumers can access
financial services and banks can access a new pool of mobile money
customers (Vostok Emerging Finance Ltd 2020).
Given the regulatory environment in Africa, it could be suggested that from
New York, Goldman Sachs and Ripple’s organizational HR management
structures once again aim to profit from some of the most vulnerable of the
human population.
Earth_ID: Because Owning Your Identity is a Human Right
The modus operandi of JUMO’s business is a type of malicious bank software
designed to encrypt or otherwise block access to valuable data (e.g.
Digital Identity) until the victim agrees to provide a specified payment.
The population of the African continent is approximately 1.2 billion
people. Imagine a whole continent of people with no proof of identity and
therefore no chance of having access to financial services, economic
opportunities, or formal employment. These are basic services that are
taken for granted and sadly are all too often denied to so many in our
world today. Many countries in Africa lack the necessary means to establish
and maintain basic systems of identity management, such as the registration
of births, especially for the rural poor and underprivileged (Plumer et al.
2020).
Earth_ID has plans to pilot the launch of it’s decentralized digital
identity platform in collaboration with University of Nicosia’s (UNIC) very
own African Partner, UNICAF. UNICAF has a physical presence on eleven
campuses throughout Sub-Saharan Africa. We welcome the students and staff
of UNICAF to be Earth_ID’s very first adopters, community leaders and
validators in trust to our decentralized identity solution. Goldman Sachs
from New York is a lead investor in UNICAF (Chege 2018).
According to the United Nations Digital Solutions Centre, the creation of a
unique personal United Nations ID (Earth_ID) using blockchain technology,
which is portable across organizations (Dumitriu 2020).
The proposal foresees that every United Nations organization could become a
trusted authority writing information onto the blockchain. The
organizations could run their own nodes separately, while the system will
ensure scalability and interoperability.
The Inspector recommends that the executive heads of the United Nations
organizations support the creation of a United Nations digital ID. This
will have multiple long term positive consequences in terms of saving time
and resources, facilitating staff mobility in allowing certification and
recognition of their knowledge and skills, reducing bureaucracy, and
enhancing system-wide coherence.
The descriptive definition of regulatory arbitrage suggests that New York
banks’ organizational HR management, with direction from the Executive
Suite, seeks to saturate lending to markets with more minorities and worse
socioeconomic conditions (Buchak et al. 2017).
CryptoBank Environmental Analysis
How can xNY.io innovate from underdogs to elite high performers, becoming
the best in the world?
xNY.io - CryptoBank wants to create the best World Crypto Bank known to
humanity, and we plan to do that expeditiously in 40+ countries and fiat
currencies. xNY.io has a problem: We are displeased with Ripple powering
customers like MoneyGram, Santander Bank and the other 300+ banking
customers. Our frustrations hinge on Ripple seeming to be propping up the
same bad banks that more or less rival Bitcoin's entire mission (Larson
2020b).
Furthermore, instead of putting the MoneyGram and other bad traditional
banks out of business, Ripple is looking to profit off of cross-border
payment startups similar to our best World Crypto Bank (Ripple 2013b).
Market segmentation determines groups of customers with common needs and
wants. All over the world, young people strive to make money. Those who are
at the beginning of the life road plan to grow financially. The
high-interest rate of xNY.io deposit accounts will help customers make
desirable choices for healthy and prosperous financial futures. Moreover,
geographically, xNY.io has a keen focus to improve banking in developing
countries on the African continent to help deprived people obtain the
rights of digital identity and interdependent modern bank accounts with
innovative products and services.
Digital asset trading platforms like NEXO.io in Europe powered by
Fireblocks in New York hop from more regulated jurisdictions to less
regulated or unregulated countries, leading to so-called regulatory
arbitrage or currency speculation (Pettinger 2019).
NY-DFS and FDIC regulators have more trouble detecting and blocking illicit
digital asset flows as virtual currency transactions are diverted away from
compliant regulated Fireblocks in New York to unregulated trading gateway
venues and peer-to-peer protocols that are directly against NY-DFS’
BitLicense mandate (FTI Consulting 2021).
The chain of financial service providers includes several intermediaries,
each drawing their own commission against the services provided. These
operating principles date several years back, and it is difficult to make a
paradigm shift from this existing operational hierarchy. This constraint is
being utilized by middlemen and the established market players. Financial
conglomerates use their supremacy, as well, to make sure their operations
continue unchallenged. The industry generally fails to serve a sizable part
of the community and this gap can only be bridged by new players. However,
the strong market hold of the established players makes it seemingly
difficult for innovators to contribute.
The NEXO.io Conundrum
Our role model for creating the best World Crypto Bank is NEXO.io. While
Ripple's business of leveraging digital currency and blockchain technology
is disheartening, the great success of NEXO's crypto bank and card is
impressive. Case in point, NEXO's token and overall business solution is a
better example (Trenchev 2018).
NEXO is a great example for our best World Crypto Bank' but is funded by
Goldman Sachs (Roony 2018), Which could be argued to be worse than Ripple.
Goldman's blockage of crypto/blockchain development in the United States
(U.S. Congress 2002) and Digital Identity in Africa (Plumer et al. 2020)
cannot be overlooked.
While Ripple is supporting the bad behavior of MoneyGram and other
traditional banks with cards, NEXO is just the best bad version of Ripple
funded by Sachs. Both are probably gaming the digital currency market and
global blockchain innovation, and possibly humanity as a whole.
Obviously, NEXO could get into trouble for operating an unregulated bank
fast (Jennings 2018):
Moreover, NEXO is, at various levels, illegal in the United States where
the federal government regulates most banks (NEXO 2019). For example, in
New York, some of the NEXO token benefits are forbidden by NY-DFS
(Sokolowski 2021) .
Nexo doesn't have a Bitlicense, but they still operate in New York
(u/zylstrar 2019). New York State Attorney General Letitia James has made
it clear that virtual currency firms must abide by the BItLicense or risk
being shut down (Sharma 2021).
Additionally, United States authorities could force NEXO to offer Federal
Deposit Insurance Corporation (FDIC) insurance on its accounts (Buchak et
al. 2017) .
It could be argued that Ripple (xRP) and NEXO.io (NEXO) built entire global
operations as direct/indirect BitLicensees with intent to profit from
various cross-border computer crimes such as market manipulation while
being partially funded and/or directed out of New York (U.S. Congress 2002).
However, NEXO operates like a bank. To explain, clients put cryptocurrency
in a wallet, borrow against it and receive funds through the NEXO wallet.
NEXO claims it can tap some huge markets that include crypto investors,
crypto miners, and hedge funds. Hence, NEXO looks like an investment bank.
Tellingly, NEXO looks a great deal like Goldman Sachs’ Marcus platform. For
example, both NEXO and Marcus offer loans and savings accounts.
The Fireblocks Conundrum
A few blocks south of Times Square in New York City, Fireblocks (Google
Maps 2021) powers the global operations of NEXO.io headquartered in Europe.
The CEO of Fireblocks has discussed his firm's $135 million investment led
by BNY Mellon and others: “‘While we have no plans to become a bank, we
believe our infrastructure will lend itself perfectly to power an entirely
new era of financial services,’ Shaulov added. ‘Developing products to
bridge digital and traditional assets is foundational to the future of
custody.’ Roman Regelman, BNY Mellon’s asset servicing CEO and digital head
said, ‘Following significant due diligence and market research, we
recognize Fireblocks as a market leader in providing secure technology to
support digital asset services’” (Shome 2021).
As previously noted, New York, Europe and Africa are connected by a freeway
of cross-border arbitrage frameworks. Due to easily exploitable laws in
developing countries, some BitLicensees’ daily operations straddle New
York, Europe and Africa to evade detection and prosecution from law
enforcement (Larsen 2016).
The Financial Action Task Force (FATF) identifies the “Travel Rule,” also
known as “Regulatory Arbitrage,” as a stand-out concern that is perhaps the
most glaring example of the lack of global harmonization of policies
designed to combat illicit financial flows in the crypto markets.
Fireblocks in New York powering the European based NEXO.io’s Global
CryptoBank (Metodiev 2020) operations at worst fueled a black-market
financial system and at best purposely and deliberately existed outside of
the NY-DFS BitLicense and bank industry regulations (Cyber Digital Task
Force 2020).
Fred Ehrsam, co-founder and managing partner at Paradigm (Ehrsam 2021), is
a lead investor in Fireblocks where he also serves as a board member.
Previously, Ehrsam co-founded Coinbase, the largest cryptocurrency company
in the US, and held the role of president from 2012 to 2017. Ehrsam
purchased his first Bitcoin in 2011 and has been an angel investor in some
of the space’s most formative companies. Prior to Coinbase, Ehrsam was a
foreign exchange trader at Goldman Sachs in New York. Ehrsam holds a B.S.
in Computer Science and Economics with honors and departmental distinction
from Duke University (Fireblocks 2020).
Computer Software and the Blockchain Platform
International Business Machines Corporation (IBM) is one of the world’s
largest computer firms and is headquartered in New York (Wikipedia. 2021).
IBM distinguishes the blockchain platform technology as computer software
(International Business Machines Corporation (IBM) 2021). Given IBM’s modus
operandi, it could be concluded that the Bitcoin blockchain is also
computer software.
Yet, New York banks can use those same innovations for their own
illegitimate ends, imposing great costs on the public. Today, few
technologies are more potentially transformative and disruptive—and more
potentially susceptible to abuse—than virtual currency (Cyber Digital Task
Force 2020).
Virtual currency fraud is a serious problem for such a developed country as
the United States, whose bank regulators have drawn attention to the
increase of these crimes. Having discovered that an unregulated virtual
currency sphere (such as in Africa, or other developing markets) is very
popular among virtual currency fraudsters (Prior 2020), the SEC has alluded
that this kind of regulatory arbitrage fraud was concerning (U.S.
Securities and Exchange Commission (SEC) n.d.).
An uncoordinated regulation can potentially have a stifling effect by way
of creating inconsistent regulatory requirements on top of increased
compliance costs to the industry.
Virtual Currency: Computer Software Protocols and Processes
The Internal Revenue Service (IRS) classifies virtual currency such as
Bitcoin as a computer software code. For example, Bitcoins counted at 21
million corresponds to a specific number of mining rewards that can be
given, and this is all written into a code (Yamalis 2018).
xNY.io’s key definition of virtual currency computer crimes is a consistent
message across markets. These crimes are relatively new, having been in
existence for only as long as Bitcoin has, which explains how unprepared
society, and the world in general, is towards combating these crimes
(Larson 2021a) .
Technological innovation and human flourishing are complementary concepts,
but the former does not guarantee the latter. Good public policy along with
ethical CEOs and CFOs at New York banks operating international HR
management organizations pioneer innovation of such policy (Eltringham
2015).
Marketplace manipulation and virtual currency regulatory arbitrage
undoubtedly stifles innovation and human flourishing. The absence of
protection under the law can endanger progress across both dimensions. It
takes careful consideration, and a deep and ongoing immersion in the facts,
to understand when and how law should intervene (FTI Consulting 2021).
Even in societies where transformative scientific and technological
advancements are achievable, ethical and moral CEOs and CFOs play a
critical mediating role. In the wrong hands, or without appropriate
safeguards and oversight, these advancements can facilitate great human
suffering.
Keeping all this in mind with a positive/optimistic attitude, a series of
smart and calculated leveraged buyouts can innovate beyond New York banks’
cross-border computer crime(s) such as (Prior 2020):
Conspiracy to Commit Fraud and Related Activity in Connection with Computers
Conspiracy to Commit Wire Fraud
Intentional Damage to a Protected Computer
Transmitting a Demand in Relation to Damaging a Protected Computer
The U.S. government could appropriately assert jurisdiction over such
offenses anywhere in the world, consistent with due process, under the
principle of protective jurisdiction. That principle holds that, “[F]or
non-citizens acting entirely abroad, a jurisdictional nexus exists when the
aim of that activity is to cause harm inside the United States or to U.S.
citizens or interests” (Cyber Digital Task Force 2020).
Bank.org: Revolutionary Approaches to Agile Innovation
A prerequisite to protecting our future customers' lifelong returns and
Bank.org’s profits calls for Bank.org’s engagement of agile innovation in
manufacturing new and revolutionary approaches to international banking
from our New York headquarters.
The key aim of the Bank.org endeavor, and our primary goal, is to attain
the legitimate financial inclusion and economic prosperity of all people,
including the excluded, under-privileged and under-served. Bank.org is
taking advantage of the New York banking industry at a crossroads. On the
one hand, digital banking services are rising to the forefront and drawing
increasing interest from customers. On the other, brick-and-mortar banking
remains an important way to connect with customers on a local and personal
level.
Bank.org intends to be a true borderless enterprise serving customers in
over 200 jurisdictions and 40+ fiat and virtual currencies.
Bank.org has the luxury of an opportunity to be fresh, clean and pure in
comparison to many of our legacy “multiple felon” bank peers directing
global operations out of New York.
Citibank has become the latest bank to be sued by a British currency
investment firm over allegations that its traders manipulated foreign
exchange markets for profit. Furthermore, expanding litigation accuses the
company of trade front-running.
Bank.org’s scope as an international bank engages xNY.io to lead our
virtual currency innovation practice. xNY.io is a pioneering instrument to
elegantly complement Bank.org’s international bank operations.
The best bank in the world has energy to pioneer relentless HR innovation
with passion to create those means, build those processes and those systems
that will facilitate inclusive solutions to those problems which rob so
many of a chance to realize their goals and achieve their full potential.
Bank.org’s barriers to global market penetration include government(s) that
sponsor our peers who historically do not factor in the social benefits of
bank competition or of effective natural monopoly regulation of global New
York firms like Goldman Sachs. That is, regulators may grant licenses to
firms that are operating at a high level as state firms and so appear
valuable to private markets. This experience is supported by Bank.org’s
analysis and vision of the best performing global online institutions
(versus money center banks), which shows the principle in practice.
Conclusion
2021 in New York now brings us to cooperation versus competition and
rationality versus altruism. As with many situations in real-life, the
games are often not zero-sum, but by cooperative efforts all players can be
better off (Larson 2021b).
In 1973, John Maynard Smith presented an idea explaining game theory and
how alpha culture exists in societies. Maynard’s hypothesis asked you to
imagine a world with doves and hawks. If there would be only hawks, their
fights would be devastating to their population. If there would be only
doves, they would be susceptible to any intruders, therefore such a
population would also not be stable. But the right combination of hawks and
doves would be evolutionarily stable (Smith & Corbin 1973).
We witness again and again that US American enterprises (aka New York
Banks), in particular, are being built by one or two supposedly shiny
figures (CEO or CFO) who have questable ethics and morals.
The qualitative effect on organizational HR Management is an Executive
Suite that assembles subpar teammates around him or her.
The firms focus on the growing experience and network of that single person
and are closely associated with the individual’s character. Business
relationships are being entered and trust being built with that individual
rather than the firm as an institution.
Startup companies like xNY.io and Bank.org that dare to explore more novel
approaches and non-hierarchical structures, though, show successes, as do
larger organizations formalizing and adopting respective strategies.
However, within the New York banking community with its various regulators,
there appears to be a window of opportunity for smart innovation.
Anecdotal observations yet again identify the root cause in the vast
multidisciplinary nature of the domain, and in the all-so-technical
backgrounds of its protagonists where Executive Suites and organizational
HR managers cling to their old habits while placing less importance on
innovation and executing modern organizational insights bank wide.
Behavioral and organizational research impressively underline a very simple
“game,” in which the conditions for survival (be nice, be provocable,
promote mutual interest) seem to be the essence of ethics and morality.
While this does not yet amount to a science of ethics or morality, the game
theory approach has clarified the conditions required for the evolution and
persistence of cooperation, and shows how Darwinian natural selection can
lead to complex behavior, including notions of morality, fairness, and
justice, beyond alpha culture.
In the 1980s, Professor of Political Science Robert Axelrod ran a
tournament inviting strategies from collaborators all over the world.
Axelrod found that the winning strategy that performed the best overall
(not in every game, but on average), was “Tit-for-Tat,” also called
look-back strategy or reciprocal altruism. It worked simply by starting the
first iteration with cooperation, then looking back at the opponent’s last
move and copying it in the next iteration (Axelrod 1980).
In summary, the best strategies were found to have these surprising
properties:
Be nice – don‘t be the first to defect.
Be provocable – return actions, both in retaliation and forgiveness.
Don‘t envy – don‘t focus on beating the opponent, but on maximizing your
own score.
Don‘t be tricky – anytime you try to exploit the opponent, you will
provoke revenge.
Bank.org is happy to make ethically sound risks to aggressively protect our
future customers' returns and our firm’s bottom line. The assumption our
competitors have is that historically New York banks’ CEOs and CFOs do not
engage the strategic roadmaps offered by a new aggressive market entrant
such as the xNY.io and Bank.org.
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https://en.wikipedia.org/wiki/IBM [Accessed April 27, 2021].
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April 22, 2021].
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April 21, 2021].
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[Accessed April 19, 2021].
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[Accessed April 28, 2018].
1
13

19 Jun '24
Dear Madam Acting Superintendent:
Reflecting this week, Ripple once again
<https://www.law.com/radar/card/ripple-legal-chief-accuses-sec-of-playing-de…>
shares concerning comments and approaches to respecting their Bitlicense
award. Even more, many experts are concerned
<https://www.bloomberg.com/news/articles/2021-12-17/nyc-miami-seen-facing-po…>
about MIA Coin and resulting NYCCoin disasters.
Madam Acting Superintendent, on August 4, 2020 as part of our Conditional
BitLicense application we submitted a draft of the Universal BitLicense
Declaration on Virtual Currency & Human Rights.
- Today this memo is to re-new our obvious approach to virtual currency
innovation in New York. Together under your leadership, we should be
leading the world in the principles of modern cross-border
BitLicense logic.
- Madam Acting Superintendent, this type of stuff matters. The
Deceleration aims to level the playing field for all and impacts the future
of women and girls with respect to financial inclusion.
- At the very least, New York and your office should be embracing such
thoughtful approaches to support future generations and protect virtual
currency from market manipulation. Madam Acting Superintendent, we implore
that if some version of the Declaration was enacted in 2020, the world
would be a better place today.
Kindly find a copy of the Universal BitLicense Declaration on Virtual
Currency & Human Rights
<https://thecapital.io/article/universal-bitlicense-declaration-on-virtual-c…>
below. We will be in contact with your office this coming week to engage in
dialogue on the Declaration's feasibility forward.
Very respectfully yours,
Gunnar Larson
*WE THE PEOPLE OF NEW YORK DETERMINED*
- to pioneer noble advancement of BitLicence theory and regulation,
whereas it is essential to safeguard virtual currency and its potential to
galvanize international, economic and social advancement of all peoples, and
- to ensure clarity, principally New York’s BitLicence being the
preeminent institution with mandate of ensuring that virtual currency
manipulation (of any sort) shall not burden the common global interest of
humanity, and that human rights are protected in the jurisdiction of New
York for all peoples
*AND FOR THESE ENDS*
- to save succeeding generations from financial fraud and corruption,
which in our lifetime has brought untold sorrow to humanity, and
- to reaffirm New York’s faith in fundamental human rights, in the
dignity and worth of the human person, in the equal rights of men and women
and of nations large and small, and
- to establish conditions under which justice and respect for the
obligations arising from BitLicence regulation and other sources of
financial services law can be maintained, and
- to promote larger social progress by leading global standards, given
that New York remains the center of technological innovation and
forward-looking virtual currency regulation
*HAVE RESOLVED TO COMBINE OUR EFFORTS TO ACCOMPLISH THESE AIMS*
*Now, therefore this UNIVERSAL BITLICENSE DECLARATION ON VIRTUAL CURRENCY &
HUMAN RIGHTS as the common crypto standard of achievement for all peoples
and all nations, keeping this Declaration constantly in mind, shall strive
to promote respect for human rights and personal freedoms by progressive
measures, national and international, to secure their universal and
effective recognition and observance of New York-based companies
accountable to a **universal **BitLicense **standard of virtual currency
regulation across all global territories of business, protecting all
peoples and all nations.*
*Article One*
-
Whereas disregard and contempt for human rights have resulted in failed
financial frameworks that have outraged the conscience of mankind, and
-
Whereas the foundational vision of BitLicense theory imagines a world in
which human beings shall enjoy safe, reliable and regulated virtual
currency tools and financial products, now proclaimed as the highest
aspiration of the common people,
*Article Two*
-
Whereas ethical stewardship of virtual currency is inherent to the
BitLicence mandate, the invention of blockchain, and virtual currency aimed
to secure the equal and inalienable rights of all as foundation to
financial freedom and economic prosperity, especially in the developing
economies, and
-
BitLicense members pledged themselves to achieve, in cooperation with
the state of New York, the promotion of universal respect for and
observance of international human rights fundamental to the integrity of
the BitLicense’s virtual currency regulation.
-
Whereas New York reaffirms faith in the BitLicense’s foundational themes
and the general concept of human right protection. The dignity and worth of
the human person and the equal rights of men and women are part of New York
BitLicense protections and standards which correlates to noble
“public-spiritedness” virtual currency regulation with exponential social
progress of humanity.
*Article Three*
*The Purposes of this Declaration are:*
- To maintain the protection of BitLicense virtual currency standards,
implying any New York- based group or person has no right to engage in
“loophole” business activities in global markets out of New York, or to
perform any act aimed at bypassing BitLicense virtual currency regulation,
and
- To take effective collective measures to remove inconsistencies and
prevent the suppression of human rights or other breaches of BitLicense
regulations of virtual currency, and to bring about conformity with the
principles of justice and international human rights laws, adjusting or
settling international disputes or situations which might lead to a breach
of New York BitLicense law;
- To develop friendly relations among nations based on respect for the
principle of equal rights and self-determination of peoples, while
executing appropriate measures to close KYC/AML loopholes by strengthen
universal virtual currency regulation of New York firms operating in global
emerging markets;
- To achieve international co-operation in solving international virtual
currency problems of an economic, social, cultural, or humanitarian nature,
and in promoting and encouraging respect for human rights and fundamental
freedoms for all without distinction as to race, sex, language, or
religion; and
- To offer New York as centre jurisdiction and the BitLicense as
universal to harmonizing smart virtual currency actions of nations in the
attainment of these common ends.
*Article Four*
New York BitLicensees (members), in pursuit of the Purposes stated in
Article One, shall act in accordance with the following Principles:
-
All Members, in order to ensure to all of them the rights and benefits
resulting from BitLicense membership, shall fulfill the obligations assumed
by them in accordance with this Declaration, and
-
All Members shall immediately settle their international virtual
currency inconsistencies by peaceful means in such a manner that
international law and justice are not endangered while meeting this
Declaration and overall BitLicense compliance, and
-
All Members shall refrain in their international relations from the
violation of human rights or abuse of virtual currency manipulation *by
leveraging territorial loopholes (e.g. Africa) and/or inconsistent
jurisdictional integrity and enforcement (e.g. Europe), nor willfully
employ political naivete of any state (e.g. New York)*, or in any other
manner inconsistent with the Purposes of this Declaration, and
-
Continued membership is contingent on the requirement that BitLicense
Members based in New York act in accordance with these Principles so far as
may be necessary for the promotion of universal respect for and observance
of human rights and fundamental virtual currency regulation, and finally
-
Nothing in this Declaration may be interpreted as implying for any
State, group or person any right to engage in any activity or to perform
any act aimed at the destruction of human rights or degradation of the
BitLicense’s virtual currency statute or mandates set forth in this
Declaration.
--
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
MSc
<https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…>
- Digital Currency
MBA
<https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…>
- Entrepreneurship and Innovation (ip)
G(a)xNY.io
+1-646-454-9107
New York, New York 10001
1
18

Does Short-selling Discipline Earnings Manipulation? Disciplined Short Sellers Handbook (W/58 Highlights Attached)
by Gunnar Larson 19 Jun '24
by Gunnar Larson 19 Jun '24
19 Jun '24
Does Short-selling Discipline Earnings Manipulation?
xNY.io - Bank.org recently collated international graduate scholar working
notes coining the "Crypto Computer Crimes Manual
<https://drive.google.com/file/d/11tbgHgDg8qagomO-NBffvIFpxXKmBC3g/view?usp=…>"
as per best disclosure practices to illustrate various potential scenarios
when market conditions are met and a Board of Directors potentially
exploits blockchain technological software innovation with forecastable
reckless consequences.
The Disciplined Short Sellers Handbook serves as a Manual supplement ...
Detailing the hypothesis that short-selling has a disciplining role
vis-à-vis the managers forcing them to reduce earning manipulation.
Across 33 countries, the Handbook documents a significantly negative
relationship between lending supply and activism in the short sell market
and earnings manipulation.
Collectively, findings suggest that short selling provides an external
governance
mechanism to discipline managerial incentives.
xNY.io highlights that the authors of the faculty and research study
confirm the main hypotheses and provide evidence of a beneficial effect of
the short-selling market on the corporate market. In other words,
short-selling generates a disciplining effect similar to the effect
produced by the contestability of the firm in the context of M&As.
In this regard, short selling contributes not only to the information
environment of the market but also to the contracting institutions of the
real economy. Suggesting that in general the disciplining role of
short-selling is the strongest for firms with weak internal governance or
less transparent information environments.
We share 58 highlights to the Handbook
<https://drive.google.com/file/d/1aLcmN5c2PJiqHYR5dy8C8qMNVyclw8lu/view?usp=…>
as a disclosure technique, foreshadowing xNY.io's disciplined approach to
trading in the near term (subject to regulatory scrutiny).
1
3

19 Jun '24
---------- Forwarded message ---------
From: Gunnar Larson <g(a)xny.io>
Date: Fri, Jan 12, 2024, 7:44 AM
Subject: Fwd: FOIL Request No. 2022-090560 - Larson (NY-DFS Apple Card
Investigation)
To: <Scheduling_schumer(a)schumer.senate.gov>
Cc: <cypherpunks(a)cpunks.org>
Dear Honorable Senator Schumer:
My name is Gunnar Larson, I am a co-founder at xNY.io - Bank.org.
Today's memo seeks your office's esteemed help resolving a NY-DFS records
access case from October 12, 2022.
On November 2, 2022 xNY.io - Bank.org elected to appeal NY-DFS' records
access decision.
NY-DFS responded to xNY.io - Bank.org on July 25, 2023 with the attached
memo:
https://drive.google.com/file/d/19g7NvXjwCwD7859N1DDx8JS9WTvrEU7I/view?usp=…
.
Senator Schumer, as of today (January 12, 2024) xNY.io - Bank.org has not
received the request records. NY-DFS has responded several times suggesting
our request is under review.
We are concerned New York State could be suggesting a delay in records
access given the sensitive nature of the former Governor and NY-DFS
Superintendent.
Senator, given your senior position in New York State government we seek
any relevant relief in accessing the corresponding records.
Sending you the best from Chelsea.
Thank you for your service,
Gunnar
--
Gunnar Larson
xNY.io - Bank.org
MSc - Digital Currency
MBA - Entrepreneurship and Innovation (ip)
G(a)xNY.io
+1-917-580-8053
New York, New York 10001
---------- Forwarded message ---------
From: Tomczak, Christine (DFS) <christine.tomczak(a)dfs.ny.gov>
Date: Wed, May 10, 2023, 4:58 PM
Subject: RE: FOIL Request No. 2022-090560 - Larson (NY-DFS Apple Card
Investigation)
To: g(a)xny.io <g(a)xny.io>
Cc: JeanBaptiste, Pascale (DFS) <Pascale.JeanBaptiste(a)dfs.ny.gov>,
cypherpunks <cypherpunks(a)lists.cpunks.org>, Harris, Adrienne A (DFS) <
Adrienne.Harris(a)dfs.ny.gov>
Dear Mr. Larson,
I am getting back to you to apologize for the delay and assure you that
your appeal is under review and you will receive a response in the near
future.
Christine M. Tomczak
Assistant Counsel
New York State Department of Financial Services
1 State Street, New York, New York 10004
1
3

Re: [ot][spam]gpt-4 completions
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Jun '24
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Jun '24
18 Jun '24
{
"model": "gpt-4",
"messages": [
{
"role": "system",
"content": "Do dialog like codegolf, with the fewest
words\npossible. Respond accurately and compassionately and
concisely."
},
{
"role": "user",
"content": "Imagine ordering all words in order of general
utility, such that each further word can be usefully defined in terms
of the preceding ones. Consider as well utility for community
stewardship and engineering. List the first 16 of these words."
},
{
"role": "assistant",
"content": "1. I\n2. You\n3. We\n4. Is\n5. Not\n6. Do\n7.
Have\n8. Can\n9. This\n10. It\n11. In\n12. For\n13. Of\n14. With\n15.
Help\n16. Build"
},
{
"role": "user",
"content": "List the next 16 words."
},
{
"role": "assistant",
"content": "17. Need\n18. Know\n19. Use\n20. Make\n21. Good\n22.
Want\n23. Give\n24. Take\n25. See\n26. Think\n27. Feel\n28. Work\n29.
Create\n30. Change\n31. Solve\n32. Improve"
},
{
"role": "user",
"content": "List the next 32 of these words."
},
{
"role": "assistant",
"content": "33. Understand\n34. Learn\n35. Share\n36. Find\n37.
Plan\n38. Act\n39. Achieve\n40. Grow\n41. Support\n42. Protect\n43.
Respect\n44. Listen\n45. Speak\n46. Show\n47. Try\n48. Trust\n49.
Love\n50. Live\n51. Move\n52. Save\n53. Fix\n54. Measure\n55.
Balance\n56. Adapt\n57. Innovate\n58. Sustain\n59. Preserve\n60.
Enhance\n61. Develop\n62. Contribute\n63. Collaborate\n64. Empower"
},
{
"role": "user",
"content": "Now list the first few words with their definitions
in terms of the preceding ones."
},
{
"role": "assistant",
"content": "1. I: Self\n2. You: Other than I\n3. We: I and
You\n4. Is: State of being\n5. Not: Negation of Is\n6. Do: Action by
I, You, We\n7. Have: Possession by I, You, We\n8. Can: Ability of I,
You, We\n9. This: Specific thing near I, You, We\n10. It: Non-specific
thing\n11. In: Within something\n12. For: Intended to benefit\n13. Of:
Belonging to\n14. With: Accompanied by\n15. Help: Do to assist\n16.
Build: Do to create structure"
},
{
"role": "user",
"content": "List the definitions of the next 16 words."
},
{
"role": "assistant",
"content": "17. Need: Require for I, You, We\n18. Know: Have
understanding\n19. Use: Do with purpose\n20. Make: Do to create\n21.
Good: Beneficial for I, You, We\n22. Want: Desire by I, You, We\n23.
Give: Do to transfer from I to You\n24. Take: Do to receive by I from
You\n25. See: Know through vision\n26. Think: Do to form ideas\n27.
Feel: Know through emotion\n28. Work: Do to achieve\n29. Create: Make
new\n30. Change: Make different\n31. Solve: Do to eliminate
problem\n32. Improve: Change for better"
},
{
"role": "user",
"content": "Now list the definitions of the next 32."
},
{
"role": "assistant",
"content": "33. Understand: Know deeply\n34. Learn: Change to
know\n35. Share: Give part of\n36. Find: Discover through search\n37.
Plan: Think for future action\n38. Act: Do with intention\n39.
Achieve: Reach through work\n40. Grow: Change to increase\n41.
Support: Help to sustain\n42. Protect: Act to prevent harm\n43.
Respect: Act with consideration\n44. Listen: Know through hearing\n45.
Speak: Make known through words\n46. Show: Make seen\n47. Try: Act
with effort\n48. Trust: Believe in reliability\n49. Love: Feel deep
affection\n50. Live: Exist and act\n51. Move: Change position\n52.
Save: Act to prevent loss\n53. Fix: Act to restore\n54. Measure: Know
quantity\n55. Balance: Achieve equilibrium\n56. Adapt: Change to
fit\n57. Innovate: Create new method\n58. Sustain: Maintain through
support\n59. Preserve: Act to keep\n60. Enhance: Improve quality\n61.
Develop: Grow through change\n62. Contribute: Give to help\n63.
Collaborate: Work together\n64. Empower: Act to give power"
}
],
"temperature": 0,
"max_tokens": 4096,
"top_p": 1,
"frequency_penalty": 0,
"presence_penalty": 0
}
1
22
---------- Forwarded message ---------
From: Gunnar Larson <g(a)xny.io>
Date: Fri, Jan 21, 2022, 2:52 PM
Subject: Ripple SEC Law.com Story
To: <pbantz(a)alm.com>
Mr. Bantz:
My name is Gunnar Larson. I saw your Law.com story related to Ripple and
the SEC
<https://www.law.com/corpcounsel/2022/01/14/ripple-general-counsel-stu-alder…>
.
*Perhaps there is some added reporting necessary on your part, as a
supplement to your story: *
- Would like to learn your perspective on Ripple's customer list by
Country: *https://drive.google.com/file/d/1pmz0RF_WvKKE_rRmoG_ksx0OCShmT9Zg/view?usp=drivesdk
<https://drive.google.com/file/d/1pmz0RF_WvKKE_rRmoG_ksx0OCShmT9Zg/view?usp=…>*
- Note, as of 2020, Ripple's top four customers are Chinese banks
- Ripple's General Counsel seems to be talking about both sides of his
mouth, related to the SEC. Law.com seems to be supporting this theme with
your story
The SEC perhaps is not being totally transparent with their Ripple case?
The top customers seem to be the focus?
What are your thoughts?
Thank you,
Gunnar
--
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
MSc
<https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…>
- Digital Currency
MBA
<https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…>
- Entrepreneurship and Innovation (ip)
G(a)xNY.io
+1-646-454-9107
New York, New York 10001
1
1

Enron’s Board of Directors: Contemporary Lessons on Crypto Marketplace Manipulation Computer Crimes - Crypto Computer Crimes Manual (W/183 Highlights)
by Gunnar Larson 15 Jun '24
by Gunnar Larson 15 Jun '24
15 Jun '24
A few years ago, I wrote an essay titled: "Enron’s Board of Directors:
Contemporary Lessons on Crypto Marketplace Manipulation Computer Crimes -
Crypto Computer Crimes Manual (W/183 Highlights)"
https://thecapital.io/article/crypto-computer-crimes-manual-w183-highlights…
Working references on disclosure controls and procedures, as well as
strategic initiatives including mergers and acquisitions, joint ventures,
and management restructurings (including public/private board of directors).
Full, fair, and accurate disclosures from all parties in a battle for
corporate influence or control are critically important to investors,
particularly when they are called upon to make decisions about their
investments. Contemporary crypto computer crimes likely are key
considerations relevant to making informed investment decisions by
sophisticated investors, underscoring protection of pension assets via keen
planning.
BitLicense marketplace manipulation techniques and potential cross-border
computer crimes has been a major focus of xNY.io's scholar
research/innovation communication and Bank.org's business plan execution
strategy.
The World Bank (WorldBank.org) notes that vulture funds endanger the gains
made by debt relief to poorest countries. "The Bank has already delivered
more than $40 billion in debt relief to 30 of these countries...thanks to
this, countries like Ghana can provide micro-credit to farmers, build
classrooms for their children, and fund water and sanitation projects for
the poor," wrote World Bank Vice President Danny Leipziger in 2007.
World Bank directors warn that strategies adopted by vulture funds divert
much needed debt relief away from the poorest countries on earth and into
the bank accounts of the wealthy.
Bank.org is clear-eyed; microcredit lending fraud is a major issue for
developing economies. Likewise, in western developed economies, market
history warns that when boards of directors approve of and/or ignore the
misuse of computer software programs which compute values based upon data
input formulas from active cross-border manipulation structures, the
results can lead to scandals like Enron. Such outcomes cost investors
billions of dollars when the share prices of affected companies collapse,
while also shaking public confidence in the United States securities
markets.
Enron’s Board of Directors: Contemporary Lessons on Crypto Marketplace
Manipulation Computer Crimes
In its 2000 review of best corporate boards, Chief Executive Magazine
included Enron among its five best boards. Even with its complex corporate
governance and network of intermediaries, Enron was still able to "attract
large sums of capital to fund a questionable business model, conceal its
true performance through a series of accounting and financing maneuvers,
and hype its stock to unsustainable levels."On paper, Enron had a model
board of directors comprised predominantly of outsiders with significant
ownership stakes and a talented audit committee of various state and
federal regulators.
Two decades later, in 2021, it is clear that cryptocurrency and blockchain
computer software systems require contemporary, ethically pure and sound
cultivation to support the realization of a "generation of innovation,"
maximizing the full potential of blockchain software technologies.
Board directors that will pioneer the next chapters of the meaningful New
York legacy of global, cross-border banking will agree:
Close scrutiny of corporate governance and greater responsibility placed on
directors to vouch for the reports submitted to the SEC and other federal
agencies have resulted in the growth of computer software solutions such as
blockchain systems and processes.
Cryptocurrency and Blockchain computer software products allow corporate
directors and internal auditors to assemble and analyze financial and other
relevant data—including unstructured data—and create reporting required by
New York BitLicense regulators and various Federal counterparts.
Before its demise, Enron was lauded for its sophisticated software,
including financial risk management tools powered by computer software.
Risk management was crucial to Enron not only because of its regulatory
environment, but also because of its business plan. Enron established
long-term fixed commitments which needed to be hedged to prepare for the
invariable fluctuation of future energy prices.
Enron's downfall was attributed to its reckless use of derivatives and
special purpose formulas manipulated by computer accounting software tools.
To engage in probable computer crimes, Enron hedged its risks with special
purpose entities which it owned, and Enron retained the risks associated
with the transactions.
Enron's aggressive accounting practices were not hidden from the board of
directors, as later learned by a Senate subcommittee. The board was
informed of the rationale for using the Whitewing, LJM, and Raptor
transactions, and after approving them received status updates on the
entities' operations. Although not all of Enron's widespread improper
accounting practices were revealed to the board, the practices were
dependent on board decisions.
Eliminating Bad Board of Director Schemes
Ranging from additional corporate board responsibilities to criminal
penalties, the Securities and Exchange Commission (SEC) implemented
disclosure requirements to comply with the law. A recent SEC order
reiterated the importance of the disclosures, noting that the requirements
were adopted in order to alert the market to large and rapid accumulation
of shares that might represent a possible change in corporate control so
that shares can be valued accordingly. The SEC order also noted that the
requirements were designed to provide an issuer’s management with timely
information to appropriately protect its shareholders’ interests (including
pension protections).
The SEC’s recent enforcement actions relate to disclosure obligations in
connection with M&A transactions and fights for corporate control.
In 2015, the SEC brought forth a number of similar enforcement actions
alleging that filers had failed to update their disclosures after taking
steps towards certain plans and proposals.
These types of enforcement actions continue to create challenging issues
for practitioners, particularly when potential transactions are still in
the early stages of planning and preliminary negotiation.
The SEC’s historic actions serve as a reminder to investors, including
vulture activists, that Schedule 13D violations can result in monetary
liability and, in the case of registered funds and investment advisers, can
also have other regulatory consequences.
Care must be taken to avoid those communications constituting group
activities with disclosure consequences. It should be noted that in some
cases, coordination among the parties or sharing of information is
sufficient to form prompts for disclosure purposes.
Intention of Disclosing Crypto Computer Crimes Manual (W/183 Highlights)
Published by the Office of Legal Education Executive office for United
States Attorneys, the “Prosecuting Computer Crime Manual” has been xNY.io’s
reference guide as international scholars researching Crypto Computer
Crimes and how to best position corresponding Bank.org business innovation
moving forward.
The SEC encourages the description of any plans or proposals such as Proof
of Burn (PoB) or Short Selling market activities which may relate to or
would result in:
The acquisition by any person of additional securities of the issuer, or
the disposition of securities of the issuer;
An extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the issuer or any of its subsidiaries;
A sale or transfer of a material amount of assets of the issuer or any of
its subsidiaries;
Any change in the present board of directors or management of the issuer,
including any plans or proposals to change the number or term of directors
or to fill any existing vacancies on the board;
Any material change in the present capitalization or dividend policy of the
issuer;
Any other material change in the issuer's business or corporate structure,
including but not limited to, if the issuer is a registered closed-end
investment company, any plans or proposals to make any changes in its
investment policy for which a vote is required by section 13 of the
Investment Company Act of 1940;
Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
issuer by any person;
Causing a class of securities of the issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities
association;
A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to section 12(g)(4) of the Act; or
Any action similar to any of those enumerated above.
Below we share 183 highlights to the Computer Crimes Manual as per best
disclosure practices to illustrate various potential scenarios when market
conditions are met and a board of directors potentially exploits blockchain
technological software innovation with forecastable reckless consequences.
https://thecapital.io/article/crypto-computer-crimes-manual-w183-highlights…
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